LEFUGO: 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.
LEFUGO
Largest movements
- Receivables after one year -€16,500
down €16,500 (-4.2%), from €390,375 to €373,875
- Cash -€4,710
down €4,710 (-82.9%), from €5,685 to €974
mainly Other debts (-€38,258) and Trade debts (-€30)
- Other debts -€38,258
down €38,258 (-11.5%), from €331,244 to €292,986
- Reserves +€8,547
up €8,547 (+10.5%), from €81,453 to €90,000
- Tax, wage and social debts +€4,390
new in 2025: €4,390
- Gross operating margin +€46,151
up €46,151, from -€35,716 to €10,435
- Taxes +€5,000
no longer reported in 2025 (was -€5,000)
- Other operating charges +€789
up €789 (+669%), from €118 to €907
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 | €418,974 | €394,474 | -€24,499 | -5.8% |
| Fixed assets | 21/28 | €19,625 | €19,625 | = | 0.0% |
| Financial fixed assets | 28 | €19,625 | €19,625 | = | 0.0% |
| Current assets | 29/58 | €399,349 | €374,849 | -€24,499 | -6.1% |
| Amounts receivable after more than one year | 29 | €390,375 | €373,875 | -€16,500 | -4.2% |
| Other amounts receivable | 291 | €390,375 | €373,875 | -€16,500 | -4.2% |
| Amounts receivable within one year | 40/41 | €3,289 | - | -€3,289 | |
| Trade receivables | 40 | €731 | - | -€731 | |
| Other amounts receivable | 41 | €2,558 | - | -€2,558 | |
| Cash at bank and in hand | 54/58 | €5,685 | €974 | -€4,710 | -82.9% |
| Total equity and liabilities | 10/49 | €418,974 | €394,474 | -€24,499 | -5.8% |
| Equity | 10/15 | €87,453 | €96,851 | +€9,398 | +10.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €81,453 | €90,000 | +€8,547 | +10.5% |
| Distributable reserves | 133 | €81,453 | €90,000 | +€8,547 | +10.5% |
| Profit (loss) carried forward | 14 | - | €851 | +€851 | |
| Amounts payable | 17/49 | €331,521 | €297,624 | -€33,897 | -10.2% |
| Amounts payable within one year | 42/48 | €331,521 | €297,624 | -€33,897 | -10.2% |
| Trade debts | 44 | €277 | €248 | -€30 | -10.7% |
| Suppliers | 440/4 | €277 | €248 | -€30 | -10.7% |
| Taxes, remuneration and social security | 45 | - | €4,390 | +€4,390 | |
| Taxes | 450/3 | - | €4,390 | +€4,390 | |
| Other amounts payable | 47/48 | €331,244 | €292,986 | -€38,258 | -11.5% |
| Other operating charges | 640/8 | €118 | €907 | +€789 | +669% |
| Gross operating margin | 9900 | -€35,716 | €10,435 | +€46,151 | |
| Operating profit (loss) | 9901 | -€35,834 | €9,528 | +€45,362 | |
| Financial income | 75/76B | €64 | €1 | -€63 | -98.4% |
| Recurring financial income | 75 | €64 | €1 | -€63 | -98.4% |
| Financial charges | 65/66B | €70 | €131 | +€62 | +88.9% |
| Recurring financial charges | 65 | €70 | €131 | +€62 | +88.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,840 | €9,398 | +€45,238 | |
| Income taxes | 67/77 | -€5,000 | - | +€5,000 | |
| Profit (loss) for the period | 9904 | -€30,840 | €9,398 | +€40,238 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,840 | €9,398 | +€40,238 |
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 21 October 2026 via checked.be.