Olivier Lefebvre: what changed
What changed
Olivier Lefebvre
NACE 69.109, Other legal services
filed annual accounts (NBB)
Net result for the year
€97,731
2024 · €103,177-€5,446
Equity
€866,977
2024 · €103,746+€763,231
Cash
€93,225
2024 · €92,347+€878
Balance sheet total
€1.7m
2024 · €934,370+€784,267
Largest movements
Assets
- Financial fixed assets +€765,500
up €765,500 (+91.7%), from €834,500 to €1.6m
- Receivables within one year +€22,751
up €22,751 (+881%), from €2,582 to €25,333
of which Trade receivables: +€20,882
Equity and liabilities
- Revaluation surpluses +€765,500
new in 2025: €765,500
- Other debts +€53,871
up €53,871 (+11.6%), from €463,867 to €517,738
- Debts after one year -€35,030
down €35,030 (-10.9%), from €321,005 to €285,975
Income statement
- Financial charges +€3,592
up €3,592 (+24.0%), from €14,942 to €18,534
- Gross operating margin -€2,442
down €2,442 (-3.9%), from €61,948 to €59,506
- Depreciation +€1,871
up €1,871 (+2,673%), from €70 to €1,941
- Taxes -€1,784
down €1,784 (-14.3%), from €12,467 to €10,683
- Financial income +€1,287
up €1,287 (+1.9%), from €69,161 to €70,448
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€103,177
Gross operating margin
-€2,442
Depreciation
-€1,871
Other operating charges
-€612
Financial income
+€1,287
Financial charges
-€3,592
Taxes
+€1,784
Result 2025
€97,731
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€130,336
Investment
-€764,467
Financing
+€635,009
Cash 2024
€92,347
From operations (derived)
+€130,336
Net result for the year
+€97,731
Depreciation
+€1,941
Receivables within one year
-€22,751
Smaller working-capital items
+€1,686
Tax, wage and social debts
-€2,142
Other debts
+€53,871
Investment (derived)
-€764,467
Investment in fixed assets (net)
-€764,467
Financing
+€635,009
Debts after one year
-€35,030
Current portion of long-term debt
+€4,539
Contributions, distributions and other
+€665,500
Cash 2025
€93,225
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €934,370 | €1,718,637 | +€784,267 | +83.9% |
| Fixed assets | 21/28 | €837,474 | €1,600,000 | +€762,526 | +91.1% |
| Tangible fixed assets | 22/27 | €2,974 | - | -€2,974 | |
| Furniture and vehicles | 24 | €2,974 | - | -€2,974 | |
| Financial fixed assets | 28 | €834,500 | €1,600,000 | +€765,500 | +91.7% |
| Current assets | 29/58 | €96,896 | €118,637 | +€21,741 | +22.4% |
| Amounts receivable within one year | 40/41 | €2,582 | €25,333 | +€22,751 | +881% |
| Trade receivables | 40 | - | €20,882 | +€20,882 | |
| Other amounts receivable | 41 | €2,582 | €4,451 | +€1,869 | +72.4% |
| Cash at bank and in hand | 54/58 | €92,347 | €93,225 | +€878 | +1.0% |
| Deferred charges and accrued income | 490/1 | €1,967 | €79 | -€1,888 | -96.0% |
| Total equity and liabilities | 10/49 | €934,370 | €1,718,637 | +€784,267 | +83.9% |
| Equity | 10/15 | €103,746 | €866,977 | +€763,231 | +736% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Revaluation surpluses | 12 | - | €765,500 | +€765,500 | |
| Profit (loss) carried forward | 14 | €103,646 | €101,377 | -€2,269 | -2.2% |
| Amounts payable | 17/49 | €830,624 | €851,660 | +€21,036 | +2.5% |
| Amounts payable after more than one year | 17 | €321,005 | €285,975 | -€35,030 | -10.9% |
| Financial debts | 170/4 | €321,005 | €285,975 | -€35,030 | -10.9% |
| Amounts payable within one year | 42/48 | €509,020 | €565,289 | +€56,269 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €33,841 | €38,380 | +€4,539 | +13.4% |
| Trade debts | 44 | €66 | €67 | +€1 | +1.5% |
| Suppliers | 440/4 | €66 | €67 | +€1 | +1.5% |
| Taxes, remuneration and social security | 45 | €11,246 | €9,104 | -€2,142 | -19.0% |
| Taxes | 450/3 | €11,246 | €9,104 | -€2,142 | -19.0% |
| Other amounts payable | 47/48 | €463,867 | €517,738 | +€53,871 | +11.6% |
| Accrued charges and deferred income | 492/3 | €599 | €396 | -€203 | -33.9% |
| Non-recurring operating income | 76A | - | €9 | +€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70 | €1,941 | +€1,871 | +2,673% |
| Other operating charges | 640/8 | €453 | €1,065 | +€612 | +135% |
| Gross operating margin | 9900 | €61,948 | €59,506 | -€2,442 | -3.9% |
| Operating profit (loss) | 9901 | €61,425 | €56,500 | -€4,925 | -8.0% |
| Financial income | 75/76B | €69,161 | €70,448 | +€1,287 | +1.9% |
| Recurring financial income | 75 | €69,161 | €70,448 | +€1,287 | +1.9% |
| Financial charges | 65/66B | €14,942 | €18,534 | +€3,592 | +24.0% |
| Recurring financial charges | 65 | €14,942 | €18,534 | +€3,592 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €115,644 | €108,414 | -€7,230 | -6.3% |
| Income taxes | 67/77 | €12,467 | €10,683 | -€1,784 | -14.3% |
| Profit (loss) for the period | 9904 | €103,177 | €97,731 | -€5,446 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €103,177 | €97,731 | -€5,446 | -5.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.