FRED LESSIRE: 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.
FRED LESSIRE
Largest movements
- Tangible fixed assets -€11,108
down €11,108 (-90.1%), from €12,324 to €1,216
of which Furniture and vehicles: -€10,634
- Receivables within one year +€10,987
up €10,987 (+27.9%), from €39,347 to €50,334
- Cash -€2,031
down €2,031 (-16.3%), from €12,479 to €10,448
mainly Receivables within one year (-€10,987) and Current portion of long-term debt (-€7,795)
- Current portion of long-term debt -€7,795
down €7,795 (-100%), from €7,795 to €0
- Trade debts +€5,077
up €5,077 (+523%), from €970 to €6,047
- Reserves +€2,795
up €2,795 (+5.7%), from €48,912 to €51,706
- Tax, wage and social debts -€2,607
down €2,607 (-63.5%), from €4,107 to €1,500
- Gross operating margin -€11,826
down €11,826 (-31.6%), from €37,467 to €25,641
- Depreciation -€4,527
down €4,527 (-29.0%), from €15,634 to €11,108
- Taxes -€1,844
down €1,844 (-42.3%), from €4,357 to €2,513
- Financial charges +€1,273
up €1,273 (+782%), from €163 to €1,436
- Other operating charges +€553
up €553 (+24.7%), from €2,241 to €2,793
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 | €65,743 | €63,130 | -€2,613 | -4.0% |
| Fixed assets | 21/28 | €12,324 | €1,216 | -€11,108 | -90.1% |
| Tangible fixed assets | 22/27 | €12,324 | €1,216 | -€11,108 | -90.1% |
| Plant, machinery and equipment | 23 | €1,411 | €938 | -€474 | -33.5% |
| Furniture and vehicles | 24 | €10,912 | €278 | -€10,634 | -97.4% |
| Current assets | 29/58 | €53,419 | €61,914 | +€8,495 | +15.9% |
| Amounts receivable within one year | 40/41 | €39,347 | €50,334 | +€10,987 | +27.9% |
| Other amounts receivable | 41 | €39,347 | €50,334 | +€10,987 | +27.9% |
| Cash at bank and in hand | 54/58 | €12,479 | €10,448 | -€2,031 | -16.3% |
| Deferred charges and accrued income | 490/1 | €1,593 | €1,131 | -€462 | -29.0% |
| Total equity and liabilities | 10/49 | €65,743 | €63,130 | -€2,613 | -4.0% |
| Equity | 10/15 | €50,412 | €53,206 | +€2,795 | +5.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €48,912 | €51,706 | +€2,795 | +5.7% |
| Distributable reserves | 133 | €48,912 | €51,706 | +€2,795 | +5.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,331 | €9,923 | -€5,408 | -35.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,348 | €7,960 | -€5,388 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €7,795 | €0 | -€7,795 | -100% |
| Trade debts | 44 | €970 | €6,047 | +€5,077 | +523% |
| Suppliers | 440/4 | €970 | €6,047 | +€5,077 | +523% |
| Taxes, remuneration and social security | 45 | €4,107 | €1,500 | -€2,607 | -63.5% |
| Taxes | 450/3 | €4,107 | €1,500 | -€2,607 | -63.5% |
| Other amounts payable | 47/48 | €476 | €413 | -€63 | -13.3% |
| Accrued charges and deferred income | 492/3 | €1,983 | €1,963 | -€20 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,634 | €11,108 | -€4,527 | -29.0% |
| Other operating charges | 640/8 | €2,241 | €2,793 | +€553 | +24.7% |
| Gross operating margin | 9900 | €37,467 | €25,641 | -€11,826 | -31.6% |
| Operating profit (loss) | 9901 | €19,592 | €11,740 | -€7,852 | -40.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €163 | €1,436 | +€1,273 | +782% |
| Recurring financial charges | 65 | €163 | €1,436 | +€1,273 | +782% |
| Profit (loss) for the period before taxes | 9903 | €19,429 | €10,307 | -€9,121 | -46.9% |
| Income taxes | 67/77 | €4,357 | €2,513 | -€1,844 | -42.3% |
| Profit (loss) for the period | 9904 | €15,072 | €7,795 | -€7,277 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,072 | €7,795 | -€7,277 | -48.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.