LEFEVRE LIEVEN: 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.
LEFEVRE LIEVEN
Largest movements
- Cash -€93,450
down €93,450 (-23.3%), from €401,925 to €308,474
mainly Other debts (-€189,240) and Deferred charges and accrued income (-€17,550)
- Tangible fixed assets -€34,071
down €34,071 (-34.1%), from €100,043 to €65,973
of which Furniture and vehicles: -€29,809
- Receivables within one year -€19,804
down €19,804 (-7.0%), from €281,501 to €261,697
of which Other amounts receivable: -€12,266
- Deferred charges and accrued income +€17,550
up €17,550 (+805%), from €2,179 to €19,728
- Other debts -€189,240
down €189,240 (-69.4%), from €272,694 to €83,454
- Reserves +€62,852
up €62,852 (+12.6%), from €498,920 to €561,772
- Gross operating margin -€38,571
down €38,571 (-11.8%), from €327,484 to €288,913
- Staff costs -€13,890
down €13,890 (-7.7%), from €179,458 to €165,568
- Taxes -€5,358
down €5,358 (-17.1%), from €31,264 to €25,906
- Depreciation -€4,608
down €4,608 (-10.9%), from €42,268 to €37,659
- Financial charges -€3,806
down €3,806 (-79.9%), from €4,762 to €956
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 | €792,956 | €667,252 | -€125,704 | -15.9% |
| Fixed assets | 21/28 | €100,168 | €66,098 | -€34,071 | -34.0% |
| Tangible fixed assets | 22/27 | €100,043 | €65,973 | -€34,071 | -34.1% |
| Land and buildings | 22 | €16,870 | €15,809 | -€1,061 | -6.3% |
| Plant, machinery and equipment | 23 | €16,130 | €12,930 | -€3,201 | -19.8% |
| Furniture and vehicles | 24 | €67,043 | €37,234 | -€29,809 | -44.5% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €692,788 | €601,155 | -€91,633 | -13.2% |
| Stocks and contracts in progress | 3 | €7,183 | €11,255 | +€4,072 | +56.7% |
| Stocks | 30/36 | €7,183 | €11,255 | +€4,072 | +56.7% |
| Amounts receivable within one year | 40/41 | €281,501 | €261,697 | -€19,804 | -7.0% |
| Trade receivables | 40 | €250,680 | €243,142 | -€7,538 | -3.0% |
| Other amounts receivable | 41 | €30,821 | €18,555 | -€12,266 | -39.8% |
| Cash at bank and in hand | 54/58 | €401,925 | €308,474 | -€93,450 | -23.3% |
| Deferred charges and accrued income | 490/1 | €2,179 | €19,728 | +€17,550 | +805% |
| Total equity and liabilities | 10/49 | €792,956 | €667,252 | -€125,704 | -15.9% |
| Equity | 10/15 | €517,512 | €580,364 | +€62,852 | +12.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €498,920 | €561,772 | +€62,852 | +12.6% |
| Distributable reserves | 133 | €498,920 | €561,772 | +€62,852 | +12.6% |
| Amounts payable | 17/49 | €275,444 | €86,889 | -€188,555 | -68.5% |
| Amounts payable within one year | 42/48 | €275,444 | €86,889 | -€188,555 | -68.5% |
| Trade debts | 44 | - | €3,326 | +€3,326 | |
| Suppliers | 440/4 | - | €3,326 | +€3,326 | |
| Taxes, remuneration and social security | 45 | €2,750 | €110 | -€2,641 | -96.0% |
| Taxes | 450/3 | €2,750 | - | -€2,750 | |
| Remuneration and social security | 454/9 | - | €110 | +€110 | |
| Other amounts payable | 47/48 | €272,694 | €83,454 | -€189,240 | -69.4% |
| Non-recurring operating income | 76A | €10,744 | €96 | -€10,648 | -99.1% |
| Remuneration, social security and pensions | 62 | €179,458 | €165,568 | -€13,890 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,268 | €37,659 | -€4,608 | -10.9% |
| Other operating charges | 640/8 | €1,364 | €1,480 | +€116 | +8.5% |
| Gross operating margin | 9900 | €327,484 | €288,913 | -€38,571 | -11.8% |
| Operating profit (loss) | 9901 | €104,394 | €84,206 | -€20,188 | -19.3% |
| Financial income | 75/76B | €6,406 | €5,507 | -€899 | -14.0% |
| Recurring financial income | 75 | €6,406 | €5,507 | -€899 | -14.0% |
| Financial charges | 65/66B | €4,762 | €956 | -€3,806 | -79.9% |
| Recurring financial charges | 65 | €4,762 | €956 | -€3,806 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €106,039 | €88,757 | -€17,281 | -16.3% |
| Income taxes | 67/77 | €31,264 | €25,906 | -€5,358 | -17.1% |
| Profit (loss) for the period | 9904 | €74,775 | €62,852 | -€11,923 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,775 | €62,852 | -€11,923 | -15.9% |
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 24 October 2026 via checked.be.