ETS LECLERCQS - BERNARD: 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 LECLERCQS - BERNARD
Largest movements
- Tangible fixed assets +€40,053
up €40,053 (+4.6%), from €870,413 to €910,466
of which Plant, machinery and equipment: +€38,421
- Receivables within one year +€31,793
up €31,793 (+29.2%), from €108,833 to €140,627
of which Other amounts receivable: +€47,523
- Reserves +€104,323
up €104,323 (+143%), from €72,725 to €177,048
of which Distributable reserves: +€104,323
- Debts after one year -€57,798
down €57,798 (-7.8%), from €739,461 to €681,662
- Tax, wage and social debts +€22,890
up €22,890 (+80.1%), from €28,583 to €51,473
of which Taxes: +€22,405
- Short-term financial debts +€12,000
new in 2025: €12,000
- Gross operating margin +€73,534
up €73,534 (+50.9%), from €144,341 to €217,875
- Other operating charges -€57,249
down €57,249 (-78.0%), from €73,369 to €16,120
- Taxes +€28,541
up €28,541 (+153%), from €18,696 to €47,237
- Financial charges +€17,381
up €17,381 (+234%), from €7,437 to €24,818
- Depreciation +€5,990
up €5,990 (+34.5%), from €17,338 to €23,327
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 | €1,002,552 | €1,078,405 | +€75,853 | +7.6% |
| Fixed assets | 21/28 | €876,278 | €910,466 | +€34,187 | +3.9% |
| Tangible fixed assets | 22/27 | €870,413 | €910,466 | +€40,053 | +4.6% |
| Land and buildings | 22 | €734,826 | €707,531 | -€27,294 | -3.7% |
| Plant, machinery and equipment | 23 | €130,852 | €169,272 | +€38,421 | +29.4% |
| Furniture and vehicles | 24 | €4,735 | €33,662 | +€28,927 | +611% |
| Financial fixed assets | 28 | €5,866 | - | -€5,866 | |
| Current assets | 29/58 | €126,274 | €167,939 | +€41,665 | +33.0% |
| Amounts receivable within one year | 40/41 | €108,833 | €140,627 | +€31,793 | +29.2% |
| Trade receivables | 40 | €95,150 | €79,420 | -€15,730 | -16.5% |
| Other amounts receivable | 41 | €13,683 | €61,207 | +€47,523 | +347% |
| Cash at bank and in hand | 54/58 | €15,811 | €25,521 | +€9,711 | +61.4% |
| Deferred charges and accrued income | 490/1 | €1,630 | €1,791 | +€161 | +9.9% |
| Total equity and liabilities | 10/49 | €1,002,552 | €1,078,405 | +€75,853 | +7.6% |
| Equity | 10/15 | €139,016 | €243,339 | +€104,323 | +75.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €72,725 | €177,048 | +€104,323 | +143% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €70,865 | €175,188 | +€104,323 | +147% |
| Profit (loss) carried forward | 14 | €47,699 | €47,699 | = | 0.0% |
| Amounts payable | 17/49 | €863,536 | €835,066 | -€28,470 | -3.3% |
| Amounts payable after more than one year | 17 | €739,461 | €681,662 | -€57,798 | -7.8% |
| Financial debts | 170/4 | €739,461 | €681,662 | -€57,798 | -7.8% |
| Amounts payable within one year | 42/48 | €124,075 | €153,403 | +€29,328 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €74,215 | €76,716 | +€2,501 | +3.4% |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €21,277 | €11,770 | -€9,507 | -44.7% |
| Suppliers | 440/4 | €21,277 | €11,770 | -€9,507 | -44.7% |
| Taxes, remuneration and social security | 45 | €28,583 | €51,473 | +€22,890 | +80.1% |
| Taxes | 450/3 | €28,583 | €50,989 | +€22,405 | +78.4% |
| Remuneration and social security | 454/9 | - | €485 | +€485 | |
| Other amounts payable | 47/48 | - | €1,444 | +€1,444 | |
| Remuneration, social security and pensions | 62 | €285 | €2,084 | +€1,799 | +631% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,338 | €23,327 | +€5,990 | +34.5% |
| Other operating charges | 640/8 | €73,369 | €16,120 | -€57,249 | -78.0% |
| Gross operating margin | 9900 | €144,341 | €217,875 | +€73,534 | +50.9% |
| Operating profit (loss) | 9901 | €53,349 | €176,345 | +€122,995 | +231% |
| Financial income | 75/76B | €0 | €34 | +€34 | +111,667% |
| Recurring financial income | 75 | €0 | €34 | +€34 | +111,667% |
| Financial charges | 65/66B | €7,437 | €24,818 | +€17,381 | +234% |
| Recurring financial charges | 65 | €7,437 | €24,818 | +€17,381 | +234% |
| Profit (loss) for the period before taxes | 9903 | €45,912 | €151,560 | +€105,648 | +230% |
| Income taxes | 67/77 | €18,696 | €47,237 | +€28,541 | +153% |
| Profit (loss) for the period | 9904 | €27,216 | €104,323 | +€77,107 | +283% |
| Transfer to tax-exempt reserves | 689 | €25,000 | - | -€25,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,216 | €104,323 | +€102,107 | +4,608% |
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 19 October 2026 via checked.be.