LEFRANC BRYAN: 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.
LEFRANC BRYAN
Largest movements
- Tangible fixed assets +€25,841
up €25,841 (+215%), from €12,034 to €37,875
of which Plant, machinery and equipment: +€25,236
- Deferred charges and accrued income +€20,989
up €20,989 (+4,305%), from €488 to €21,476
- Receivables within one year +€18,711
up €18,711 (+491%), from €3,813 to €22,524
of which Trade receivables: +€15,673
- Cash -€5,181
down €5,181 (-17.3%), from €29,948 to €24,768
mainly Investment in fixed assets (net) (-€38,948) and Deferred charges and accrued income (-€20,989)
- Financial fixed assets +€2,500
new in 2025: €2,500
- Other debts +€28,754
up €28,754 (+235%), from €12,246 to €41,000
- Debts after one year +€19,498
new in 2025: €19,498
- Profit (loss) carried forward +€7,996
up €7,996 (+35.8%), from €22,306 to €30,302
- Current portion of long-term debt +€5,176
new in 2025: €5,176
- Tax, wage and social debts +€2,735
up €2,735 (+48.0%), from €5,701 to €8,436
- Gross operating margin -€9,964
down €9,964 (-27.6%), from €36,104 to €26,140
- Other operating charges +€3,711
up €3,711 (+3,326%), from €112 to €3,822
- Depreciation +€3,407
up €3,407 (+47.3%), from €7,200 to €10,607
- Taxes -€2,966
down €2,966 (-52.0%), from €5,701 to €2,735
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 | €46,282 | €109,143 | +€62,861 | +136% |
| Fixed assets | 21/28 | €12,034 | €40,375 | +€28,341 | +236% |
| Tangible fixed assets | 22/27 | €12,034 | €37,875 | +€25,841 | +215% |
| Plant, machinery and equipment | 23 | €10,729 | €35,965 | +€25,236 | +235% |
| Furniture and vehicles | 24 | €1,305 | €1,910 | +€605 | +46.3% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €34,248 | €68,768 | +€34,520 | +101% |
| Amounts receivable within one year | 40/41 | €3,813 | €22,524 | +€18,711 | +491% |
| Trade receivables | 40 | - | €15,673 | +€15,673 | |
| Other amounts receivable | 41 | €3,813 | €6,851 | +€3,038 | +79.7% |
| Cash at bank and in hand | 54/58 | €29,948 | €24,768 | -€5,181 | -17.3% |
| Deferred charges and accrued income | 490/1 | €488 | €21,476 | +€20,989 | +4,305% |
| Total equity and liabilities | 10/49 | €46,282 | €109,143 | +€62,861 | +136% |
| Equity | 10/15 | €25,806 | €33,802 | +€7,996 | +31.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,306 | €30,302 | +€7,996 | +35.8% |
| Amounts payable | 17/49 | €20,477 | €75,341 | +€54,865 | +268% |
| Amounts payable after more than one year | 17 | - | €19,498 | +€19,498 | |
| Financial debts | 170/4 | - | €19,498 | +€19,498 | |
| Amounts payable within one year | 42/48 | €20,477 | €55,843 | +€35,366 | +173% |
| Current portion of amounts payable after more than one year | 42 | - | €5,176 | +€5,176 | |
| Trade debts | 44 | €2,530 | €1,231 | -€1,298 | -51.3% |
| Suppliers | 440/4 | €2,530 | €1,231 | -€1,298 | -51.3% |
| Taxes, remuneration and social security | 45 | €5,701 | €8,436 | +€2,735 | +48.0% |
| Taxes | 450/3 | €5,701 | €8,436 | +€2,735 | +48.0% |
| Other amounts payable | 47/48 | €12,246 | €41,000 | +€28,754 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,200 | €10,607 | +€3,407 | +47.3% |
| Other operating charges | 640/8 | €112 | €3,822 | +€3,711 | +3,326% |
| Gross operating margin | 9900 | €36,104 | €26,140 | -€9,964 | -27.6% |
| Operating profit (loss) | 9901 | €28,792 | €11,711 | -€17,081 | -59.3% |
| Financial charges | 65/66B | €785 | €981 | +€195 | +24.9% |
| Recurring financial charges | 65 | €785 | €981 | +€195 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €28,007 | €10,731 | -€17,276 | -61.7% |
| Income taxes | 67/77 | €5,701 | €2,735 | -€2,966 | -52.0% |
| Profit (loss) for the period | 9904 | €22,306 | €7,996 | -€14,310 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,306 | €7,996 | -€14,310 | -64.2% |
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 17 October 2026 via checked.be.