ETS. Lecomte Christophe: 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. Lecomte Christophe
Largest movements
- Receivables within one year +€23,529
up €23,529 (+123%), from €19,055 to €42,585
of which Trade receivables: +€26,077
- Cash +€22,835
up €22,835 (+163%), from €14,039 to €36,874
mainly Advances received (+€35,729) and Net result for the year (+€27,494)
- Tangible fixed assets +€13,499
up €13,499 (+2,045%), from €660 to €14,159
of which Furniture and vehicles: +€13,600
- Deferred charges and accrued income -€2,667
down €2,667 (-82.9%), from €3,215 to €548
- Advances received +€35,729
new in 2025: €35,729
- Other debts +€15,841
up €15,841 (+84.3%), from €18,796 to €34,637
- Profit (loss) carried forward +€10,494
up €10,494 (+114%), from €9,186 to €19,679
- Trade debts -€7,747
down €7,747 (-81.0%), from €9,565 to €1,818
- Tax, wage and social debts +€2,881
up €2,881 (+9,101%), from €32 to €2,912
- Gross operating margin +€23,600
up €23,600 (+138%), from €17,113 to €40,713
- Taxes +€9,912
up €9,912, from €0 to €9,912
- Depreciation -€1,165
down €1,165 (-30.8%), from €3,782 to €2,617
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 | €42,578 | €99,775 | +€57,197 | +134% |
| Fixed assets | 21/28 | €660 | €14,159 | +€13,499 | +2,045% |
| Tangible fixed assets | 22/27 | €660 | €14,159 | +€13,499 | +2,045% |
| Plant, machinery and equipment | 23 | €100 | - | -€100 | |
| Furniture and vehicles | 24 | €560 | €14,159 | +€13,600 | +2,430% |
| Current assets | 29/58 | €41,918 | €85,616 | +€43,698 | +104% |
| Stocks and contracts in progress | 3 | €5,609 | €5,609 | = | 0.0% |
| Stocks | 30/36 | €5,609 | €5,609 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,055 | €42,585 | +€23,529 | +123% |
| Trade receivables | 40 | €12,744 | €38,821 | +€26,077 | +205% |
| Other amounts receivable | 41 | €6,312 | €3,764 | -€2,548 | -40.4% |
| Cash at bank and in hand | 54/58 | €14,039 | €36,874 | +€22,835 | +163% |
| Deferred charges and accrued income | 490/1 | €3,215 | €548 | -€2,667 | -82.9% |
| Total equity and liabilities | 10/49 | €42,578 | €99,775 | +€57,197 | +134% |
| Equity | 10/15 | €14,186 | €24,679 | +€10,494 | +74.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,186 | €19,679 | +€10,494 | +114% |
| Amounts payable | 17/49 | €28,393 | €75,096 | +€46,703 | +164% |
| Amounts payable within one year | 42/48 | €28,393 | €75,096 | +€46,703 | +164% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,565 | €1,818 | -€7,747 | -81.0% |
| Suppliers | 440/4 | €9,565 | €1,818 | -€7,747 | -81.0% |
| Advances received on contracts in progress | 46 | - | €35,729 | +€35,729 | |
| Taxes, remuneration and social security | 45 | €32 | €2,912 | +€2,881 | +9,101% |
| Taxes | 450/3 | €32 | €2,912 | +€2,881 | +9,101% |
| Other amounts payable | 47/48 | €18,796 | €34,637 | +€15,841 | +84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,782 | €2,617 | -€1,165 | -30.8% |
| Other operating charges | 640/8 | €387 | €474 | +€86 | +22.3% |
| Gross operating margin | 9900 | €17,113 | €40,713 | +€23,600 | +138% |
| Operating profit (loss) | 9901 | €12,944 | €37,622 | +€24,678 | +191% |
| Financial income | 75/76B | €0 | €3 | +€3 | +3,367% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +3,367% |
| Financial charges | 65/66B | €197 | €219 | +€22 | +11.4% |
| Recurring financial charges | 65 | €197 | €219 | +€22 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €12,747 | €37,406 | +€24,659 | +193% |
| Income taxes | 67/77 | €0 | €9,912 | +€9,912 | |
| Profit (loss) for the period | 9904 | €12,747 | €27,494 | +€14,747 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €12,747 | €27,494 | +€14,747 | +116% |
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 23 October 2026 via checked.be.