Koen Lesage: what changed
Two fiscal 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.
Koen Lesage
Largest movements
- Cash -€27,061
down €27,061 (-57.7%), from €46,904 to €19,843
mainly Net result for the year (-€17,870) and Debts after one year (-€15,618)
- Tangible fixed assets -€15,502
down €15,502 (-28.5%), from €54,420 to €38,918
of which Furniture and vehicles: -€12,621
- Profit (loss) carried forward -€17,870
down €17,870 (-114.9%), from -€15,556 to -€33,426
- Debts after one year -€15,618
down €15,618 (-43.7%), from €35,759 to €20,140
- Trade debts -€5,764
down €5,764 (-55.4%), from €10,397 to €4,633
- Tax, wage and social debts -€5,535
down €5,535 (-50.6%), from €10,933 to €5,398
of which Taxes: -€8,683
- Other operating charges +€4,743
up €4,743 (+278.6%), from €1,702 to €6,445
- Taxes +€3,804
up €3,804 (+1739.1%), from €219 to €4,023
- Gross operating margin +€3,468
up €3,468 (+47.0%), from €7,386 to €10,854
- Depreciation -€1,469
down €1,469 (-7.8%), from €18,761 to €17,291
- Financial income +€920
up €920 (+20394.0%), from €5 to €924
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 | €146,294 | €102,395 | -€43,899 | -30.0% |
| Fixed assets | 21/28 | €54,420 | €38,918 | -€15,502 | -28.5% |
| Tangible fixed assets | 22/27 | €54,420 | €38,918 | -€15,502 | -28.5% |
| Plant, machinery and equipment | 23 | €4,256 | €1,375 | -€2,881 | -67.7% |
| Furniture and vehicles | 24 | €50,164 | €37,544 | -€12,621 | -25.2% |
| Current assets | 29/58 | €91,874 | €63,477 | -€28,397 | -30.9% |
| Stocks and contracts in progress | 3 | €1,256 | €0 | -€1,256 | -100.0% |
| Stocks | 30/36 | €1,256 | €0 | -€1,256 | -100.0% |
| Amounts receivable within one year | 40/41 | €40,713 | €41,359 | +€645 | +1.6% |
| Trade receivables | 40 | €19,809 | €306 | -€19,502 | -98.5% |
| Other amounts receivable | 41 | €20,905 | €41,052 | +€20,148 | +96.4% |
| Cash at bank and in hand | 54/58 | €46,904 | €19,843 | -€27,061 | -57.7% |
| Deferred charges and accrued income | 490/1 | €3,001 | €2,275 | -€726 | -24.2% |
| Total equity and liabilities | 10/49 | €146,294 | €102,395 | -€43,899 | -30.0% |
| Equity | 10/15 | €74,013 | €56,143 | -€17,870 | -24.1% |
| Reserves | 13 | €89,569 | €89,569 | = | 0.0% |
| Distributable reserves | 133 | €89,569 | €89,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,556 | -€33,426 | -€17,870 | -114.9% |
| Amounts payable | 17/49 | €72,281 | €46,252 | -€26,030 | -36.0% |
| Amounts payable after more than one year | 17 | €35,759 | €20,140 | -€15,618 | -43.7% |
| Financial debts | 170/4 | €35,759 | €20,140 | -€15,618 | -43.7% |
| Amounts payable within one year | 42/48 | €36,523 | €25,650 | -€10,873 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €15,192 | €15,618 | +€426 | +2.8% |
| Trade debts | 44 | €10,397 | €4,633 | -€5,764 | -55.4% |
| Suppliers | 440/4 | €10,397 | €4,633 | -€5,764 | -55.4% |
| Taxes, remuneration and social security | 45 | €10,933 | €5,398 | -€5,535 | -50.6% |
| Taxes | 450/3 | €10,933 | €2,250 | -€8,683 | -79.4% |
| Remuneration and social security | 454/9 | - | €3,148 | +€3,148 | |
| Accrued charges and deferred income | 492/3 | €0 | €462 | +€462 | |
| Non-recurring operating income | 76A | - | €15,638 | +€15,638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,761 | €17,291 | -€1,469 | -7.8% |
| Other operating charges | 640/8 | €1,702 | €6,445 | +€4,743 | +278.6% |
| Non-recurring operating charges | 66A | €510 | €0 | -€510 | -100.0% |
| Gross operating margin | 9900 | €7,386 | €10,854 | +€3,468 | +47.0% |
| Operating profit (loss) | 9901 | -€13,587 | -€12,883 | +€704 | +5.2% |
| Financial income | 75/76B | €5 | €924 | +€920 | +20394.0% |
| Recurring financial income | 75 | €5 | €924 | +€920 | +20394.0% |
| Financial charges | 65/66B | €1,846 | €1,888 | +€43 | +2.3% |
| Recurring financial charges | 65 | €1,846 | €1,888 | +€43 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,428 | -€13,847 | +€1,581 | +10.2% |
| Income taxes | 67/77 | €219 | €4,023 | +€3,804 | +1739.1% |
| Profit (loss) for the period | 9904 | -€15,647 | -€17,870 | -€2,223 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,647 | -€17,870 | -€2,223 | -14.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.