Raphaël LEJEUNE: 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.
What changed
Raphaël LEJEUNE
NACE 95.314, Bodywork repair (including spraying and painting)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€487
2024 · -€30,982+€31,470
Equity
€430,189
2024 · €429,702+€487
Cash
€26,203
2024 · €11,691+€14,512
Balance sheet total
€564,631
2024 · €563,890+€741
Largest movements
Assets
- Tangible fixed assets -€26,301
down €26,301 (-8.6%), from €307,569 to €281,268
of which Land and buildings: -€20,939
- Receivables within one year +€19,476
up €19,476 (+13.4%), from €145,350 to €164,826
of which Other amounts receivable: +€17,345
- Cash +€14,512
up €14,512 (+124%), from €11,691 to €26,203
mainly Depreciation (+€31,328) and Short-term financial debts (+€23,022)
- Receivables after one year -€12,000
down €12,000 (-16.9%), from €70,900 to €58,900
Equity and liabilities
- Short-term financial debts +€23,022
new in 2025: €23,022
- Debts after one year -€14,826
down €14,826 (-18.5%), from €80,239 to €65,412
Income statement
- Gross operating margin +€36,813
up €36,813 (+954%), from €3,859 to €40,672
- Write-downs -€8,500
new in 2025: -€8,500
- Financial income -€4,240
down €4,240 (-67.7%), from €6,259 to €2,019
- Financial charges +€3,205
up €3,205 (+103%), from €3,123 to €6,328
- Other operating charges -€1,326
down €1,326 (-35.1%), from €3,772 to €2,446
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.
Result 2024
-€30,982
Gross operating margin
+€36,813
Depreciation
+€387
Write-downs
+€8,500
Other operating charges
+€1,326
Other operating items
-€8,249
Financial income
-€4,240
Financial charges
-€3,205
Taxes
+€138
Result 2025
€487
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€15,611
Investment
-€5,027
Financing
+€3,929
Cash 2024
€11,691
From operations (derived)
+€15,611
Net result for the year
+€487
Depreciation
+€31,328
Receivables after one year
+€12,000
Stocks and contracts
-€3,465
Receivables within one year
-€19,476
Deferred charges and accrued income
-€1,589
Provisions
-€400
Trade debts
-€3,556
Tax, wage and social debts
-€817
Accrued charges and deferred income
+€1,097
Investment (derived)
-€5,027
Investment in fixed assets (net)
-€5,027
Financing
+€3,929
Debts after one year
-€14,826
Current portion of long-term debt
-€4,266
Short-term financial debts
+€23,022
Cash 2025
€26,203
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,890 | €564,631 | +€741 | +0.1% |
| Fixed assets | 21/28 | €307,569 | €281,268 | -€26,301 | -8.6% |
| Tangible fixed assets | 22/27 | €307,569 | €281,268 | -€26,301 | -8.6% |
| Land and buildings | 22 | €274,109 | €253,171 | -€20,939 | -7.6% |
| Plant, machinery and equipment | 23 | €21,885 | €18,097 | -€3,788 | -17.3% |
| Furniture and vehicles | 24 | €324 | - | -€324 | |
| Other tangible fixed assets | 26 | €11,250 | €10,000 | -€1,250 | -11.1% |
| Current assets | 29/58 | €256,322 | €283,363 | +€27,042 | +10.5% |
| Amounts receivable after more than one year | 29 | €70,900 | €58,900 | -€12,000 | -16.9% |
| Trade receivables | 290 | €70,900 | €58,900 | -€12,000 | -16.9% |
| Stocks and contracts in progress | 3 | €26,490 | €29,954 | +€3,465 | +13.1% |
| Stocks | 30/36 | €26,490 | €29,954 | +€3,465 | +13.1% |
| Amounts receivable within one year | 40/41 | €145,350 | €164,826 | +€19,476 | +13.4% |
| Trade receivables | 40 | €47,108 | €49,239 | +€2,131 | +4.5% |
| Other amounts receivable | 41 | €98,242 | €115,587 | +€17,345 | +17.7% |
| Cash at bank and in hand | 54/58 | €11,691 | €26,203 | +€14,512 | +124% |
| Deferred charges and accrued income | 490/1 | €1,891 | €3,480 | +€1,589 | +84.0% |
| Total equity and liabilities | 10/49 | €563,890 | €564,631 | +€741 | +0.1% |
| Equity | 10/15 | €429,702 | €430,189 | +€487 | +0.1% |
| Contributions | 10/11 | €14,360 | €14,360 | = | 0.0% |
| Reserves | 13 | €312,044 | €310,444 | -€1,600 | -0.5% |
| Tax-exempt reserves | 132 | €2,143 | €543 | -€1,600 | -74.7% |
| Distributable reserves | 133 | €309,901 | €309,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,298 | €105,385 | +€2,087 | +2.0% |
| Provisions and deferred taxes | 16 | €509 | €109 | -€400 | -78.5% |
| Deferred taxes | 168 | €509 | €109 | -€400 | -78.5% |
| Amounts payable | 17/49 | €133,679 | €134,333 | +€654 | +0.5% |
| Amounts payable after more than one year | 17 | €80,239 | €65,412 | -€14,826 | -18.5% |
| Financial debts | 170/4 | €80,239 | €65,412 | -€14,826 | -18.5% |
| Amounts payable within one year | 42/48 | €53,440 | €67,823 | +€14,383 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €19,093 | €14,826 | -€4,266 | -22.3% |
| Financial debts | 43 | - | €23,022 | +€23,022 | |
| Credit institutions | 430/8 | - | €23,022 | +€23,022 | |
| Trade debts | 44 | €21,300 | €17,745 | -€3,556 | -16.7% |
| Suppliers | 440/4 | €21,300 | €17,745 | -€3,556 | -16.7% |
| Taxes, remuneration and social security | 45 | €13,047 | €12,230 | -€817 | -6.3% |
| Taxes | 450/3 | €13,047 | €12,230 | -€817 | -6.3% |
| Accrued charges and deferred income | 492/3 | - | €1,097 | +€1,097 | |
| Non-recurring operating income | 76A | €2,208 | €2,250 | +€42 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,715 | €31,328 | -€387 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,500 | -€8,500 | |
| Other operating charges | 640/8 | €3,772 | €2,446 | -€1,326 | -35.1% |
| Non-recurring operating charges | 66A | €2,751 | €11,000 | +€8,249 | +300% |
| Gross operating margin | 9900 | €3,859 | €40,672 | +€36,813 | +954% |
| Operating profit (loss) | 9901 | -€34,379 | €4,397 | +€38,776 | |
| Financial income | 75/76B | €6,259 | €2,019 | -€4,240 | -67.7% |
| Recurring financial income | 75 | €6,259 | €2,019 | -€4,240 | -67.7% |
| Financial charges | 65/66B | €3,123 | €6,328 | +€3,205 | +103% |
| Recurring financial charges | 65 | €3,123 | €6,328 | +€3,205 | +103% |
| Profit (loss) for the period before taxes | 9903 | -€31,244 | €87 | +€31,332 | |
| Transfer from deferred taxes | 780 | €400 | €400 | = | 0.0% |
| Income taxes | 67/77 | €138 | - | -€138 | |
| Profit (loss) for the period | 9904 | -€30,982 | €487 | +€31,470 | |
| Transfer from tax-exempt reserves | 789 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,382 | €2,087 | +€31,470 |
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 14 October 2026 via checked.be.