Studio Lefebure: 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.
Studio Lefebure
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€173,130
down €173,130 (-99.8%), from €173,466 to €337
mainly Current investments (-€250,000) and Debts after one year (-€79,959)
- Receivables within one year +€68,907
up €68,907 (+442.9%), from €15,558 to €84,465
of which Other amounts receivable: +€51,345
- Tangible fixed assets -€50,978
down €50,978 (-4.0%), from €1.3m to €1.2m
of which Land and buildings: -€28,030
- Reserves +€214,629
up €214,629 (+26.7%), from €803,915 to €1.0m
of which Distributable reserves: +€217,935
- Profit (loss) carried forward -€112,550
down €112,550 (-100.0%), from €112,557 to €7
- Debts after one year -€79,959
down €79,959 (-17.7%), from €451,008 to €371,049
- Tax, wage and social debts +€70,169
up €70,169 (+3304.8%), from €2,123 to €72,293
- Depreciation -€19,686
down €19,686 (-21.7%), from €90,819 to €71,133
- Taxes +€7,953
up €7,953 (+19.2%), from €41,365 to €49,318
- Gross operating margin +€3,603
up €3,603 (+1.6%), from €230,595 to €234,198
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.
Cash bridge derived
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 | €1,473,236 | €1,571,025 | +€97,789 | +6.6% |
| Fixed assets | 21/28 | €1,284,211 | €1,233,234 | -€50,978 | -4.0% |
| Tangible fixed assets | 22/27 | €1,280,925 | €1,229,948 | -€50,978 | -4.0% |
| Land and buildings | 22 | €1,158,163 | €1,130,134 | -€28,030 | -2.4% |
| Plant, machinery and equipment | 23 | €5,666 | €4,791 | -€876 | -15.5% |
| Furniture and vehicles | 24 | €20,811 | €21,421 | +€610 | +2.9% |
| Other tangible fixed assets | 26 | €96,285 | €73,602 | -€22,683 | -23.6% |
| Financial fixed assets | 28 | €3,286 | €3,286 | = | 0.0% |
| Current assets | 29/58 | €189,025 | €337,791 | +€148,766 | +78.7% |
| Amounts receivable within one year | 40/41 | €15,558 | €84,465 | +€68,907 | +442.9% |
| Trade receivables | 40 | €0 | €17,562 | +€17,562 | |
| Other amounts receivable | 41 | €15,558 | €66,904 | +€51,345 | +330.0% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €173,466 | €337 | -€173,130 | -99.8% |
| Deferred charges and accrued income | 490/1 | - | €2,989 | +€2,989 | |
| Total equity and liabilities | 10/49 | €1,473,236 | €1,571,025 | +€97,789 | +6.6% |
| Equity | 10/15 | €935,471 | €1,037,551 | +€102,079 | +10.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €803,915 | €1,018,544 | +€214,629 | +26.7% |
| Non-distributable reserves | 130/1 | €9,573 | €9,573 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,573 | €9,573 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,055 | €18,750 | -€3,305 | -15.0% |
| Distributable reserves | 133 | €772,286 | €990,221 | +€217,935 | +28.2% |
| Profit (loss) carried forward | 14 | €112,557 | €7 | -€112,550 | -100.0% |
| Provisions and deferred taxes | 16 | €1,102 | €0 | -€1,102 | -100.0% |
| Deferred taxes | 168 | €1,102 | €0 | -€1,102 | -100.0% |
| Amounts payable | 17/49 | €536,663 | €533,474 | -€3,189 | -0.6% |
| Amounts payable after more than one year | 17 | €451,008 | €371,049 | -€79,959 | -17.7% |
| Financial debts | 170/4 | €451,008 | €371,049 | -€79,959 | -17.7% |
| Amounts payable within one year | 42/48 | €85,655 | €162,283 | +€76,628 | +89.5% |
| Current portion of amounts payable after more than one year | 42 | €79,073 | €79,959 | +€886 | +1.1% |
| Financial debts | 43 | - | €15 | +€15 | |
| Credit institutions | 430/8 | - | €15 | +€15 | |
| Trade debts | 44 | €3,909 | €4,915 | +€1,007 | +25.8% |
| Suppliers | 440/4 | €3,909 | €4,915 | +€1,007 | +25.8% |
| Taxes, remuneration and social security | 45 | €2,123 | €72,293 | +€70,169 | +3304.8% |
| Taxes | 450/3 | €2,123 | €72,293 | +€70,169 | +3304.8% |
| Other amounts payable | 47/48 | €550 | €5,101 | +€4,551 | +827.6% |
| Accrued charges and deferred income | 492/3 | - | €142 | +€142 | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,819 | €71,133 | -€19,686 | -21.7% |
| Other operating charges | 640/8 | €6,295 | €7,295 | +€1,000 | +15.9% |
| Gross operating margin | 9900 | €230,595 | €234,198 | +€3,603 | +1.6% |
| Operating profit (loss) | 9901 | €133,481 | €155,771 | +€22,289 | +16.7% |
| Financial income | 75/76B | €3 | €422 | +€419 | +12174.1% |
| Recurring financial income | 75 | €3 | €422 | +€419 | +12174.1% |
| Financial charges | 65/66B | €6,768 | €5,897 | -€870 | -12.9% |
| Recurring financial charges | 65 | €6,768 | €5,897 | -€870 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €126,717 | €150,295 | +€23,578 | +18.6% |
| Transfer from deferred taxes | 780 | €4,407 | €1,102 | -€3,305 | -75.0% |
| Income taxes | 67/77 | €41,365 | €49,318 | +€7,953 | +19.2% |
| Profit (loss) for the period | 9904 | €89,760 | €102,079 | +€12,320 | +13.7% |
| Transfer from tax-exempt reserves | 789 | €13,222 | €3,305 | -€9,916 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,982 | €105,385 | +€2,403 | +2.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.