LEFIL: 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.
LEFIL
Largest movements
- Tangible fixed assets -€11,200
down €11,200 (-10.8%), from €104,119 to €92,919
of which Land and buildings: -€8,624
- Cash -€4,455
down €4,455 (-12.3%), from €36,337 to €31,882
mainly Debts after one year (-€12,487) and Net result for the year (-€3,690)
- Debts after one year -€12,487
down €12,487 (-16.0%), from €77,913 to €65,425
- Profit (loss) carried forward -€3,690
down €3,690 (-18.2%), from €20,258 to €16,568
- Tax, wage and social debts -€2,484
down €2,484 (-94.7%), from €2,623 to €139
- Depreciation -€767
down €767 (-6.4%), from €11,967 to €11,200
- Gross operating margin -€421
down €421 (-4.1%), from €10,275 to €9,853
- Financial charges -€182
down €182 (-9.7%), from €1,868 to €1,686
- Other operating charges +€150
up €150 (+29.6%), from €507 to €657
- Taxes -€139
no longer reported in 2025 (was €139)
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 | €202,646 | €186,768 | -€15,879 | -7.8% |
| Fixed assets | 21/28 | €104,119 | €92,919 | -€11,200 | -10.8% |
| Tangible fixed assets | 22/27 | €104,119 | €92,919 | -€11,200 | -10.8% |
| Land and buildings | 22 | €98,631 | €90,007 | -€8,624 | -8.7% |
| Other tangible fixed assets | 26 | €5,487 | €2,911 | -€2,576 | -46.9% |
| Current assets | 29/58 | €98,528 | €93,849 | -€4,679 | -4.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,191 | €11,967 | -€224 | -1.8% |
| Trade receivables | 40 | €4,493 | €2,500 | -€1,993 | -44.4% |
| Other amounts receivable | 41 | €7,698 | €9,467 | +€1,769 | +23.0% |
| Cash at bank and in hand | 54/58 | €36,337 | €31,882 | -€4,455 | -12.3% |
| Total equity and liabilities | 10/49 | €202,646 | €186,768 | -€15,879 | -7.8% |
| Equity | 10/15 | €34,518 | €30,828 | -€3,690 | -10.7% |
| Contributions | 10/11 | €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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,258 | €16,568 | -€3,690 | -18.2% |
| Amounts payable | 17/49 | €168,128 | €155,940 | -€12,188 | -7.2% |
| Amounts payable after more than one year | 17 | €77,913 | €65,425 | -€12,487 | -16.0% |
| Financial debts | 170/4 | €77,913 | €65,425 | -€12,487 | -16.0% |
| Amounts payable within one year | 42/48 | €90,130 | €89,338 | -€793 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €12,295 | €12,487 | +€192 | +1.6% |
| Trade debts | 44 | €75,053 | €76,552 | +€1,499 | +2.0% |
| Suppliers | 440/4 | €75,053 | €76,552 | +€1,499 | +2.0% |
| Taxes, remuneration and social security | 45 | €2,623 | €139 | -€2,484 | -94.7% |
| Taxes | 450/3 | €2,623 | €139 | -€2,484 | -94.7% |
| Other amounts payable | 47/48 | €159 | €159 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €85 | €1,177 | +€1,092 | +1277.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,967 | €11,200 | -€767 | -6.4% |
| Other operating charges | 640/8 | €507 | €657 | +€150 | +29.6% |
| Gross operating margin | 9900 | €10,275 | €9,853 | -€421 | -4.1% |
| Operating profit (loss) | 9901 | -€2,200 | -€2,004 | +€196 | +8.9% |
| Financial charges | 65/66B | €1,868 | €1,686 | -€182 | -9.7% |
| Recurring financial charges | 65 | €1,868 | €1,686 | -€182 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,068 | -€3,690 | +€378 | +9.3% |
| Income taxes | 67/77 | €139 | - | -€139 | |
| Profit (loss) for the period | 9904 | -€4,207 | -€3,690 | +€517 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,207 | -€3,690 | +€517 | +12.3% |
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 9 October 2026 via checked.be.