LEFEVER VASTGOED: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LEFEVER VASTGOED
Largest movements
- Tangible fixed assets +€322,598
up €322,598 (+2,607%), from €12,374 to €334,972
of which Land and buildings: +€318,178
- Financial fixed assets +€271,291
new in 2025: €271,291
- Receivables within one year +€71,695
up €71,695 (+156%), from €45,873 to €117,568
of which Trade receivables: +€68,799
- Current investments +€50,000
new in 2025: €50,000
- Debts after one year +€627,187
new in 2025: €627,187
- Trade debts +€102,747
up €102,747 (+475%), from €21,613 to €124,360
- Reserves -€39,145
no longer reported in 2025 (was €39,145)
- Tax, wage and social debts +€24,035
up €24,035 (+88.4%), from €27,186 to €51,220
- Profit (loss) carried forward -€10,618
new in 2025: -€10,618
- Gross operating margin +€54,139
up €54,139 (+555%), from €9,752 to €63,891
- Depreciation +€48,653
up €48,653 (+1,409%), from €3,454 to €52,107
- Other operating charges +€5,976
up €5,976 (+367%), from €1,629 to €7,605
- Financial charges +€4,988
up €4,988 (+136%), from €3,669 to €8,657
- Staff costs +€3,198
up €3,198, from -€224 to €2,974
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,762 | €816,928 | +€716,167 | +711% |
| Fixed assets | 21/28 | €12,374 | €606,262 | +€593,889 | +4,800% |
| Tangible fixed assets | 22/27 | €12,374 | €334,972 | +€322,598 | +2,607% |
| Land and buildings | 22 | - | €318,178 | +€318,178 | |
| Plant, machinery and equipment | 23 | €953 | - | -€953 | |
| Furniture and vehicles | 24 | €4,890 | €8,634 | +€3,743 | +76.5% |
| Other tangible fixed assets | 26 | €6,530 | €8,161 | +€1,631 | +25.0% |
| Financial fixed assets | 28 | - | €271,291 | +€271,291 | |
| Current assets | 29/58 | €88,388 | €210,666 | +€122,278 | +138% |
| Amounts receivable after more than one year | 29 | €41,540 | €41,540 | = | 0.0% |
| Other amounts receivable | 291 | €41,540 | €41,540 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,873 | €117,568 | +€71,695 | +156% |
| Trade receivables | 40 | €18,024 | €86,823 | +€68,799 | +382% |
| Other amounts receivable | 41 | €27,849 | €30,745 | +€2,896 | +10.4% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €739 | €1,220 | +€481 | +65.0% |
| Deferred charges and accrued income | 490/1 | €236 | €338 | +€102 | +43.4% |
| Total equity and liabilities | 10/49 | €100,762 | €816,928 | +€716,167 | +711% |
| Equity | 10/15 | €42,145 | -€7,618 | -€49,763 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,145 | - | -€39,145 | |
| Distributable reserves | 133 | €39,145 | - | -€39,145 | |
| Profit (loss) carried forward | 14 | - | -€10,618 | -€10,618 | |
| Amounts payable | 17/49 | €58,617 | €824,546 | +€765,930 | +1,307% |
| Amounts payable after more than one year | 17 | - | €627,187 | +€627,187 | |
| Financial debts | 170/4 | - | €627,187 | +€627,187 | |
| Amounts payable within one year | 42/48 | €58,387 | €193,789 | +€135,402 | +232% |
| Current portion of amounts payable after more than one year | 42 | - | €2,823 | +€2,823 | |
| Financial debts | 43 | €9,588 | €15,119 | +€5,531 | +57.7% |
| Credit institutions | 430/8 | €9,588 | €15,119 | +€5,531 | +57.7% |
| Trade debts | 44 | €21,613 | €124,360 | +€102,747 | +475% |
| Suppliers | 440/4 | €21,613 | €124,360 | +€102,747 | +475% |
| Advances received on contracts in progress | 46 | - | €266 | +€266 | |
| Taxes, remuneration and social security | 45 | €27,186 | €51,220 | +€24,035 | +88.4% |
| Taxes | 450/3 | €27,186 | €51,220 | +€24,035 | +88.4% |
| Accrued charges and deferred income | 492/3 | €229 | €3,570 | +€3,341 | +1,457% |
| Remuneration, social security and pensions | 62 | -€224 | €2,974 | +€3,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,454 | €52,107 | +€48,653 | +1,409% |
| Other operating charges | 640/8 | €1,629 | €7,605 | +€5,976 | +367% |
| Gross operating margin | 9900 | €9,752 | €63,891 | +€54,139 | +555% |
| Operating profit (loss) | 9901 | €4,894 | €1,205 | -€3,688 | -75.4% |
| Financial income | 75/76B | €2,185 | €95 | -€2,090 | -95.7% |
| Recurring financial income | 75 | €2,185 | €95 | -€2,090 | -95.7% |
| Financial charges | 65/66B | €3,669 | €8,657 | +€4,988 | +136% |
| Recurring financial charges | 65 | €3,669 | €8,657 | +€4,988 | +136% |
| Profit (loss) for the period before taxes | 9903 | €3,409 | -€7,357 | -€10,766 | |
| Income taxes | 67/77 | €1,861 | €3,261 | +€1,400 | +75.2% |
| Profit (loss) for the period | 9904 | €1,549 | -€10,618 | -€12,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,549 | -€10,618 | -€12,167 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.