Lefinjo: 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.
Lefinjo
Largest movements
- Receivables within one year +€76,311
up €76,311 (+83.8%), from €91,095 to €167,406
of which Trade receivables: +€67,315
- Cash +€58,957
up €58,957 (+1,831%), from €3,221 to €62,178
mainly Net result for the year (+€52,119) and Tax, wage and social debts (+€34,763)
- Stocks and contracts -€15,144
down €15,144 (-18.1%), from €83,841 to €68,697
of which Contracts in progress: -€15,700
- Tangible fixed assets -€8,687
down €8,687 (-9.7%), from €89,973 to €81,286
of which Furniture and vehicles: -€11,498
- Reserves +€52,119
up €52,119 (+67.3%), from €77,402 to €129,521
- Tax, wage and social debts +€34,763
up €34,763 (+729%), from €4,769 to €39,531
of which Taxes: +€27,208
- Trade debts +€34,615
up €34,615 (+86.3%), from €40,096 to €74,710
- Debts after one year -€10,380
down €10,380 (-17.8%), from €58,324 to €47,944
- Current portion of long-term debt -€8,452
down €8,452 (-44.9%), from €18,832 to €10,380
- Gross operating margin +€105,233
up €105,233 (+2,988%), from €3,522 to €108,755
- Taxes +€11,004
new in 2025: €11,004
- Staff costs +€10,928
new in 2025: €10,928
- Depreciation -€2,626
down €2,626 (-8.6%), from €30,519 to €27,893
- Other operating charges -€1,788
down €1,788 (-30.2%), from €5,913 to €4,125
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 | €271,516 | €382,068 | +€110,552 | +40.7% |
| Fixed assets | 21/28 | €90,698 | €81,348 | -€9,350 | -10.3% |
| Intangible fixed assets | 21 | €725 | €62 | -€663 | -91.4% |
| Tangible fixed assets | 22/27 | €89,973 | €81,286 | -€8,687 | -9.7% |
| Land and buildings | 22 | €28,030 | €28,437 | +€407 | +1.5% |
| Plant, machinery and equipment | 23 | €5,388 | €7,793 | +€2,404 | +44.6% |
| Furniture and vehicles | 24 | €56,554 | €45,056 | -€11,498 | -20.3% |
| Current assets | 29/58 | €180,818 | €300,720 | +€119,902 | +66.3% |
| Stocks and contracts in progress | 3 | €83,841 | €68,697 | -€15,144 | -18.1% |
| Stocks | 30/36 | €21,141 | €21,697 | +€556 | +2.6% |
| Contracts in progress | 37 | €62,700 | €47,000 | -€15,700 | -25.0% |
| Amounts receivable within one year | 40/41 | €91,095 | €167,406 | +€76,311 | +83.8% |
| Trade receivables | 40 | €91,095 | €158,410 | +€67,315 | +73.9% |
| Other amounts receivable | 41 | - | €8,996 | +€8,996 | |
| Cash at bank and in hand | 54/58 | €3,221 | €62,178 | +€58,957 | +1,831% |
| Deferred charges and accrued income | 490/1 | €2,662 | €2,438 | -€223 | -8.4% |
| Total equity and liabilities | 10/49 | €271,516 | €382,068 | +€110,552 | +40.7% |
| Equity | 10/15 | €80,402 | €132,521 | +€52,119 | +64.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €77,402 | €129,521 | +€52,119 | +67.3% |
| Distributable reserves | 133 | €77,402 | €129,521 | +€52,119 | +67.3% |
| Amounts payable | 17/49 | €191,114 | €249,547 | +€58,433 | +30.6% |
| Amounts payable after more than one year | 17 | €58,324 | €47,944 | -€10,380 | -17.8% |
| Financial debts | 170/4 | €58,324 | €47,944 | -€10,380 | -17.8% |
| Amounts payable within one year | 42/48 | €132,790 | €201,603 | +€68,813 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €18,832 | €10,380 | -€8,452 | -44.9% |
| Trade debts | 44 | €40,096 | €74,710 | +€34,615 | +86.3% |
| Suppliers | 440/4 | €40,096 | €74,710 | +€34,615 | +86.3% |
| Taxes, remuneration and social security | 45 | €4,769 | €39,531 | +€34,763 | +729% |
| Taxes | 450/3 | €2,447 | €29,655 | +€27,208 | +1,112% |
| Remuneration and social security | 454/9 | €2,322 | €9,876 | +€7,555 | +325% |
| Other amounts payable | 47/48 | €69,093 | €76,981 | +€7,888 | +11.4% |
| Remuneration, social security and pensions | 62 | - | €10,928 | +€10,928 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,519 | €27,893 | -€2,626 | -8.6% |
| Other operating charges | 640/8 | €5,913 | €4,125 | -€1,788 | -30.2% |
| Gross operating margin | 9900 | €3,522 | €108,755 | +€105,233 | +2,988% |
| Operating profit (loss) | 9901 | -€32,910 | €65,809 | +€98,719 | |
| Financial income | 75/76B | €611 | €1,162 | +€551 | +90.1% |
| Recurring financial income | 75 | €611 | €1,162 | +€551 | +90.1% |
| Financial charges | 65/66B | €4,152 | €3,847 | -€305 | -7.3% |
| Recurring financial charges | 65 | €4,152 | €3,847 | -€305 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,451 | €63,123 | +€99,575 | |
| Income taxes | 67/77 | - | €11,004 | +€11,004 | |
| Profit (loss) for the period | 9904 | -€36,451 | €52,119 | +€88,571 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,451 | €52,119 | +€88,571 |
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 20 October 2026 via checked.be.