L&E GLOBAL: 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.
L&E GLOBAL
Largest movements
- Receivables within one year -€74,828
down €74,828 (-30.7%), from €243,349 to €168,521
of which Trade receivables: -€74,964
- Cash +€26,046
up €26,046 (+214.6%), from €12,134 to €38,181
mainly Receivables within one year (+€74,828) and Trade debts (+€12,504)
- Tangible fixed assets -€3,780
down €3,780 (-32.7%), from €11,553 to €7,774
- Accrued charges and deferred income -€40,375
down €40,375 (-17.8%), from €226,313 to €185,938
- Profit (loss) carried forward -€24,410
down €24,410 (-171.6%), from -€14,221 to -€38,631
- Trade debts +€12,504
up €12,504 (+198.3%), from €6,305 to €18,809
- Gross operating margin -€33,121
down €33,121, from €23,415 to -€9,706
- Depreciation -€6,517
down €6,517 (-41.7%), from €15,620 to €9,103
- Financial charges +€2,063
up €2,063 (+56.3%), from €3,665 to €5,728
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 | €267,037 | €214,475 | -€52,561 | -19.7% |
| Fixed assets | 21/28 | €11,553 | €7,774 | -€3,780 | -32.7% |
| Tangible fixed assets | 22/27 | €11,553 | €7,774 | -€3,780 | -32.7% |
| Furniture and vehicles | 24 | €11,553 | €7,774 | -€3,780 | -32.7% |
| Current assets | 29/58 | €255,483 | €206,701 | -€48,782 | -19.1% |
| Amounts receivable within one year | 40/41 | €243,349 | €168,521 | -€74,828 | -30.7% |
| Trade receivables | 40 | €243,349 | €168,385 | -€74,964 | -30.8% |
| Other amounts receivable | 41 | €0 | €135 | +€135 | |
| Cash at bank and in hand | 54/58 | €12,134 | €38,181 | +€26,046 | +214.6% |
| Total equity and liabilities | 10/49 | €267,037 | €214,475 | -€52,561 | -19.7% |
| Equity | 10/15 | €34,139 | €9,729 | -€24,410 | -71.5% |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Reserves | 13 | €4,960 | €4,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,960 | €4,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,221 | -€38,631 | -€24,410 | -171.6% |
| Amounts payable | 17/49 | €232,898 | €204,747 | -€28,151 | -12.1% |
| Amounts payable within one year | 42/48 | €6,585 | €18,809 | +€12,224 | +185.6% |
| Trade debts | 44 | €6,305 | €18,809 | +€12,504 | +198.3% |
| Suppliers | 440/4 | €6,305 | €18,809 | +€12,504 | +198.3% |
| Taxes, remuneration and social security | 45 | €281 | €0 | -€281 | -100.0% |
| Taxes | 450/3 | €281 | €0 | -€281 | -100.0% |
| Accrued charges and deferred income | 492/3 | €226,313 | €185,938 | -€40,375 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,620 | €9,103 | -€6,517 | -41.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €23,415 | -€9,706 | -€33,121 | |
| Operating profit (loss) | 9901 | €7,408 | -€19,209 | -€26,616 | |
| Financial income | 75/76B | €402 | €528 | +€127 | +31.6% |
| Recurring financial income | 75 | €402 | €528 | +€127 | +31.6% |
| Financial charges | 65/66B | €3,665 | €5,728 | +€2,063 | +56.3% |
| Recurring financial charges | 65 | €3,665 | €5,728 | +€2,063 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €4,144 | -€24,408 | -€28,553 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €4,144 | -€24,410 | -€28,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,144 | -€24,410 | -€28,555 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.