L.E. CARS: 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.
L.E. CARS
Largest movements
- Tangible fixed assets +€49,895
up €49,895 (+23.4%), from €212,788 to €262,683
of which Furniture and vehicles: +€40,851
- Receivables within one year +€23,285
up €23,285 (+56.9%), from €40,902 to €64,187
of which Trade receivables: +€22,763
- Stocks and contracts -€9,089
down €9,089 (-28.3%), from €32,098 to €23,009
of which Stocks: -€9,089
- Cash -€3,906
down €3,906 (-52.6%), from €7,426 to €3,520
mainly Investment in fixed assets (net) (-€72,912) and Receivables within one year (-€23,285)
- Debts after one year +€19,240
up €19,240 (+36.6%), from €52,568 to €71,808
- Trade debts +€18,610
up €18,610 (+77.7%), from €23,938 to €42,547
- Tax, wage and social debts -€16,573
down €16,573 (-45.4%), from €36,481 to €19,909
of which Taxes: -€14,358
- Reserves +€14,429
up €14,429 (+24.8%), from €58,229 to €72,658
of which Distributable reserves: +€14,429
- Current portion of long-term debt +€10,031
up €10,031 (+52.9%), from €18,956 to €28,987
- Depreciation +€14,126
up €14,126 (+159%), from €8,891 to €23,017
- Gross operating margin +€8,634
up €8,634 (+9.3%), from €93,213 to €101,847
- Staff costs +€4,645
up €4,645 (+10.4%), from €44,474 to €49,119
- Taxes -€3,340
down €3,340 (-46.7%), from €7,151 to €3,811
- Other operating charges -€2,166
down €2,166 (-26.5%), from €8,177 to €6,011
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 | €293,214 | €353,398 | +€60,185 | +20.5% |
| Fixed assets | 21/28 | €212,788 | €262,683 | +€49,895 | +23.4% |
| Tangible fixed assets | 22/27 | €212,788 | €262,683 | +€49,895 | +23.4% |
| Land and buildings | 22 | €179,712 | €178,233 | -€1,479 | -0.8% |
| Plant, machinery and equipment | 23 | €23,187 | €33,711 | +€10,523 | +45.4% |
| Furniture and vehicles | 24 | €9,888 | €50,739 | +€40,851 | +413% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €80,426 | €90,716 | +€10,290 | +12.8% |
| Stocks and contracts in progress | 3 | €32,098 | €23,009 | -€9,089 | -28.3% |
| Stocks | 30/36 | €32,098 | €23,009 | -€9,089 | -28.3% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,902 | €64,187 | +€23,285 | +56.9% |
| Trade receivables | 40 | €40,902 | €63,664 | +€22,763 | +55.7% |
| Other amounts receivable | 41 | - | €522 | +€522 | |
| Cash at bank and in hand | 54/58 | €7,426 | €3,520 | -€3,906 | -52.6% |
| Total equity and liabilities | 10/49 | €293,214 | €353,398 | +€60,185 | +20.5% |
| Equity | 10/15 | €95,429 | €109,858 | +€14,429 | +15.1% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €58,229 | €72,658 | +€14,429 | +24.8% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €54,509 | €68,938 | +€14,429 | +26.5% |
| Amounts payable | 17/49 | €197,785 | €243,540 | +€45,755 | +23.1% |
| Amounts payable after more than one year | 17 | €52,568 | €71,808 | +€19,240 | +36.6% |
| Financial debts | 170/4 | €52,568 | €71,808 | +€19,240 | +36.6% |
| Amounts payable within one year | 42/48 | €145,217 | €171,733 | +€26,516 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €18,956 | €28,987 | +€10,031 | +52.9% |
| Financial debts | 43 | €12,450 | €17,650 | +€5,200 | +41.8% |
| Credit institutions | 430/8 | €12,450 | €17,650 | +€5,200 | +41.8% |
| Trade debts | 44 | €23,938 | €42,547 | +€18,610 | +77.7% |
| Suppliers | 440/4 | €23,938 | €42,547 | +€18,610 | +77.7% |
| Taxes, remuneration and social security | 45 | €36,481 | €19,909 | -€16,573 | -45.4% |
| Taxes | 450/3 | €27,999 | €13,641 | -€14,358 | -51.3% |
| Remuneration and social security | 454/9 | €8,482 | €6,268 | -€2,214 | -26.1% |
| Other amounts payable | 47/48 | €53,392 | €62,640 | +€9,248 | +17.3% |
| Remuneration, social security and pensions | 62 | €44,474 | €49,119 | +€4,645 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,891 | €23,017 | +€14,126 | +159% |
| Other operating charges | 640/8 | €8,177 | €6,011 | -€2,166 | -26.5% |
| Gross operating margin | 9900 | €93,213 | €101,847 | +€8,634 | +9.3% |
| Operating profit (loss) | 9901 | €31,671 | €23,699 | -€7,972 | -25.2% |
| Financial income | 75/76B | €186 | €105 | -€81 | -43.5% |
| Recurring financial income | 75 | €186 | €105 | -€81 | -43.5% |
| Financial charges | 65/66B | €5,410 | €5,563 | +€153 | +2.8% |
| Recurring financial charges | 65 | €5,410 | €5,563 | +€153 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €26,446 | €18,240 | -€8,206 | -31.0% |
| Income taxes | 67/77 | €7,151 | €3,811 | -€3,340 | -46.7% |
| Profit (loss) for the period | 9904 | €19,295 | €14,429 | -€4,866 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,295 | €14,429 | -€4,866 | -25.2% |
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.