LEFEVRE-CONSTRUCT: what changed
Two fiscal 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.
LEFEVRE-CONSTRUCT
Largest movements
- Cash -€19,799
down €19,799 (-62.4%), from €31,724 to €11,925
mainly Debts after one year (-€17,413) and Other debts (-€11,216)
- Tangible fixed assets -€12,921
down €12,921 (-22.2%), from €58,248 to €45,327
of which Furniture and vehicles: -€13,046
- Formation expenses -€12,516
down €12,516 (-33.3%), from €37,546 to €25,030
- Deferred charges and accrued income -€3,331
down €3,331 (-34.1%), from €9,759 to €6,428
- Receivables within one year +€2,096
up €2,096 (+28.5%), from €7,352 to €9,448
of which Trade receivables: +€3,744
- Debts after one year -€17,413
down €17,413 (-26.1%), from €66,642 to €49,229
- Other debts -€11,216
down €11,216 (-29.9%), from €37,459 to €26,243
- Trade debts -€8,772
down €8,772 (-67.9%), from €12,927 to €4,155
- Profit (loss) carried forward -€4,795
down €4,795 (-256.4%), from -€1,870 to -€6,665
- Current portion of long-term debt -€4,171
down €4,171 (-19.3%), from €21,585 to €17,414
- Gross operating margin +€89,045
up €89,045, from -€60,569 to €28,476
- Turnover +€53,096
up €53,096 (+51.7%), from €102,730 to €155,826
- Purchases and services -€35,949
down €35,949 (-22.0%), from €163,299 to €127,350
- Financial charges -€3,957
down €3,957 (-43.9%), from €9,017 to €5,060
of which Non-recurring financial charges: -€2,612
- Depreciation -€3,859
down €3,859 (-11.3%), from €34,222 to €30,363
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.
Cash bridge derived
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 | €144,804 | €98,436 | -€46,368 | -32.0% |
| Formation expenses | 20 | €37,546 | €25,030 | -€12,516 | -33.3% |
| Fixed assets | 21/28 | €58,423 | €45,605 | -€12,818 | -21.9% |
| Tangible fixed assets | 22/27 | €58,248 | €45,327 | -€12,921 | -22.2% |
| Plant, machinery and equipment | 23 | €12,901 | €13,026 | +€125 | +1.0% |
| Furniture and vehicles | 24 | €45,347 | €32,301 | -€13,046 | -28.8% |
| Financial fixed assets | 28 | €175 | €278 | +€103 | +58.9% |
| Current assets | 29/58 | €48,835 | €27,801 | -€21,034 | -43.1% |
| Amounts receivable within one year | 40/41 | €7,352 | €9,448 | +€2,096 | +28.5% |
| Trade receivables | 40 | €3,381 | €7,125 | +€3,744 | +110.7% |
| Other amounts receivable | 41 | €3,971 | €2,323 | -€1,648 | -41.5% |
| Cash at bank and in hand | 54/58 | €31,724 | €11,925 | -€19,799 | -62.4% |
| Deferred charges and accrued income | 490/1 | €9,759 | €6,428 | -€3,331 | -34.1% |
| Total equity and liabilities | 10/49 | €144,804 | €98,436 | -€46,368 | -32.0% |
| Equity | 10/15 | €6,190 | €1,395 | -€4,795 | -77.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,870 | -€6,665 | -€4,795 | -256.4% |
| Amounts payable | 17/49 | €138,614 | €97,041 | -€41,573 | -30.0% |
| Amounts payable after more than one year | 17 | €66,642 | €49,229 | -€17,413 | -26.1% |
| Financial debts | 170/4 | €66,642 | €49,229 | -€17,413 | -26.1% |
| Amounts payable within one year | 42/48 | €71,971 | €47,812 | -€24,159 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €21,585 | €17,414 | -€4,171 | -19.3% |
| Trade debts | 44 | €12,927 | €4,155 | -€8,772 | -67.9% |
| Suppliers | 440/4 | €12,927 | €4,155 | -€8,772 | -67.9% |
| Other amounts payable | 47/48 | €37,459 | €26,243 | -€11,216 | -29.9% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Turnover | 70 | €102,730 | €155,826 | +€53,096 | +51.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €163,299 | €127,350 | -€35,949 | -22.0% |
| Remuneration, social security and pensions | 62 | €827 | €79 | -€748 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,222 | €30,363 | -€3,859 | -11.3% |
| Other operating charges | 640/8 | €1,186 | €1,301 | +€115 | +9.7% |
| Gross operating margin | 9900 | -€60,569 | €28,476 | +€89,045 | |
| Operating profit (loss) | 9901 | -€96,804 | -€3,267 | +€93,537 | +96.6% |
| Financial income | 75/76B | €1,556 | €389 | -€1,167 | -75.0% |
| Recurring financial income | 75 | €316 | €10 | -€306 | -96.8% |
| Non-recurring financial income | 76B | €1,240 | €379 | -€861 | -69.4% |
| Financial charges | 65/66B | €9,017 | €5,060 | -€3,957 | -43.9% |
| Recurring financial charges | 65 | €4,972 | €3,627 | -€1,345 | -27.1% |
| Non-recurring financial charges | 66B | €4,045 | €1,433 | -€2,612 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | -€104,265 | -€7,938 | +€96,327 | +92.4% |
| Income taxes | 67/77 | €4,497 | €857 | -€3,640 | -80.9% |
| Profit (loss) for the period | 9904 | -€108,762 | -€8,795 | +€99,967 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,762 | -€8,795 | +€99,967 | +91.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.