ETS LECLERCQ: 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.
ETS LECLERCQ
Largest movements
- Tangible fixed assets -€63,023
down €63,023 (-4.7%), from €1.3m to €1.3m
of which Land and buildings: -€63,023
- Receivables within one year -€38,125
down €38,125 (-57.6%), from €66,157 to €28,032
of which Trade receivables: -€35,185
- Cash +€16,645
up €16,645 (+97.5%), from €17,070 to €33,715
mainly Depreciation (+€85,991) and Other debts (+€53,976)
- Debts after one year -€64,921
down €64,921 (-5.4%), from €1.2m to €1.1m
- Other debts +€53,976
up €53,976 (+421%), from €12,815 to €66,791
- Reserves -€51,279
down €51,279 (-29.3%), from €174,739 to €123,460
of which Distributable reserves: -€51,279
- Advances received -€19,307
down €19,307 (-69.5%), from €27,777 to €8,470
- Gross operating margin -€5,877
down €5,877 (-5.3%), from €111,052 to €105,175
- Financial charges -€2,073
down €2,073 (-6.6%), from €31,431 to €29,358
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 | €1,426,566 | €1,342,153 | -€84,413 | -5.9% |
| Fixed assets | 21/28 | €1,341,005 | €1,277,981 | -€63,023 | -4.7% |
| Tangible fixed assets | 22/27 | €1,335,005 | €1,271,981 | -€63,023 | -4.7% |
| Land and buildings | 22 | €1,322,641 | €1,259,618 | -€63,023 | -4.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €12,363 | €12,363 | = | 0.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €85,561 | €64,172 | -€21,390 | -25.0% |
| Amounts receivable within one year | 40/41 | €66,157 | €28,032 | -€38,125 | -57.6% |
| Trade receivables | 40 | €62,671 | €27,486 | -€35,185 | -56.1% |
| Other amounts receivable | 41 | €3,486 | €546 | -€2,940 | -84.3% |
| Cash at bank and in hand | 54/58 | €17,070 | €33,715 | +€16,645 | +97.5% |
| Deferred charges and accrued income | 490/1 | €2,335 | €2,425 | +€91 | +3.9% |
| Total equity and liabilities | 10/49 | €1,426,566 | €1,342,153 | -€84,413 | -5.9% |
| Equity | 10/15 | €102,669 | €40,245 | -€62,424 | -60.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,739 | €123,460 | -€51,279 | -29.3% |
| Non-distributable reserves | 130/1 | €626 | €626 | = | 0.0% |
| Reserves not available under the articles | 1311 | €626 | €626 | = | 0.0% |
| Distributable reserves | 133 | €174,112 | €122,834 | -€51,279 | -29.5% |
| Profit (loss) carried forward | 14 | -€90,670 | -€101,815 | -€11,145 | -12.3% |
| Amounts payable | 17/49 | €1,323,897 | €1,301,908 | -€21,989 | -1.7% |
| Amounts payable after more than one year | 17 | €1,208,218 | €1,143,297 | -€64,921 | -5.4% |
| Financial debts | 170/4 | €1,208,218 | €1,143,297 | -€64,921 | -5.4% |
| Amounts payable within one year | 42/48 | €115,680 | €158,612 | +€42,932 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €56,834 | €64,920 | +€8,086 | +14.2% |
| Trade debts | 44 | €2,387 | €2,077 | -€311 | -13.0% |
| Suppliers | 440/4 | €2,387 | €2,077 | -€311 | -13.0% |
| Advances received on contracts in progress | 46 | €27,777 | €8,470 | -€19,307 | -69.5% |
| Taxes, remuneration and social security | 45 | €15,866 | €16,353 | +€487 | +3.1% |
| Taxes | 450/3 | €15,866 | €16,353 | +€487 | +3.1% |
| Other amounts payable | 47/48 | €12,815 | €66,791 | +€53,976 | +421% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,426 | €85,991 | -€434 | -0.5% |
| Other operating charges | 640/8 | €1,065 | €1,053 | -€12 | -1.1% |
| Gross operating margin | 9900 | €111,052 | €105,175 | -€5,877 | -5.3% |
| Operating profit (loss) | 9901 | €23,562 | €18,131 | -€5,431 | -23.1% |
| Financial income | 75/76B | €44 | €82 | +€38 | +85.2% |
| Recurring financial income | 75 | €44 | €82 | +€38 | +85.2% |
| Financial charges | 65/66B | €31,431 | €29,358 | -€2,073 | -6.6% |
| Recurring financial charges | 65 | €31,431 | €29,358 | -€2,073 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,825 | -€11,145 | -€3,320 | -42.4% |
| Profit (loss) for the period | 9904 | -€7,825 | -€11,145 | -€3,320 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,825 | -€11,145 | -€3,320 | -42.4% |
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.