L&E Partners: 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 Partners
Largest movements
- Cash +€21,137
up €21,137 (+31.4%), from €67,307 to €88,444
mainly Net result for the year (+€35,780) and Depreciation (+€12,041)
- Tangible fixed assets -€11,392
down €11,392 (-29.9%), from €38,151 to €26,759
of which Furniture and vehicles: -€11,013
- Receivables within one year +€4,176
up €4,176 (+29.6%), from €14,126 to €18,302
of which Trade receivables: +€4,211
- Profit (loss) carried forward +€20,780
up €20,780 (+33.3%), from €62,344 to €83,124
- Debts after one year -€10,658
down €10,658 (-44.5%), from €23,958 to €13,300
- Tax, wage and social debts +€1,735
up €1,735 (+9.4%), from €18,447 to €20,183
- Trade debts +€1,398
up €1,398 (+102.3%), from €1,367 to €2,765
- Gross operating margin -€7,182
down €7,182 (-10.5%), from €68,181 to €60,999
- Taxes -€1,441
down €1,441 (-12.2%), from €11,855 to €10,414
- Financial charges -€925
down €925 (-33.4%), from €2,771 to €1,846
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 | €120,470 | €134,214 | +€13,743 | +11.4% |
| Fixed assets | 21/28 | €38,151 | €26,759 | -€11,392 | -29.9% |
| Tangible fixed assets | 22/27 | €38,151 | €26,759 | -€11,392 | -29.9% |
| Plant, machinery and equipment | 23 | €1,272 | €892 | -€380 | -29.8% |
| Furniture and vehicles | 24 | €36,879 | €25,867 | -€11,013 | -29.9% |
| Current assets | 29/58 | €82,319 | €107,455 | +€25,136 | +30.5% |
| Amounts receivable within one year | 40/41 | €14,126 | €18,302 | +€4,176 | +29.6% |
| Trade receivables | 40 | €14,091 | €18,302 | +€4,211 | +29.9% |
| Other amounts receivable | 41 | €35 | - | -€35 | |
| Cash at bank and in hand | 54/58 | €67,307 | €88,444 | +€21,137 | +31.4% |
| Deferred charges and accrued income | 490/1 | €886 | €709 | -€177 | -20.0% |
| Total equity and liabilities | 10/49 | €120,470 | €134,214 | +€13,743 | +11.4% |
| Equity | 10/15 | €65,344 | €86,124 | +€20,780 | +31.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,344 | €83,124 | +€20,780 | +33.3% |
| Amounts payable | 17/49 | €55,127 | €48,090 | -€7,037 | -12.8% |
| Amounts payable after more than one year | 17 | €23,958 | €13,300 | -€10,658 | -44.5% |
| Financial debts | 170/4 | €23,958 | €13,300 | -€10,658 | -44.5% |
| Amounts payable within one year | 42/48 | €30,989 | €34,637 | +€3,648 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €10,824 | €11,340 | +€517 | +4.8% |
| Trade debts | 44 | €1,367 | €2,765 | +€1,398 | +102.3% |
| Suppliers | 440/4 | €1,367 | €2,765 | +€1,398 | +102.3% |
| Taxes, remuneration and social security | 45 | €18,447 | €20,183 | +€1,735 | +9.4% |
| Taxes | 450/3 | €18,447 | €20,183 | +€1,735 | +9.4% |
| Other amounts payable | 47/48 | €351 | €349 | -€2 | -0.6% |
| Accrued charges and deferred income | 492/3 | €180 | €153 | -€27 | -14.9% |
| Remuneration, social security and pensions | 62 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,128 | €12,041 | -€87 | -0.7% |
| Other operating charges | 640/8 | €509 | €527 | +€18 | +3.5% |
| Non-recurring operating charges | 66A | - | €508 | +€508 | |
| Gross operating margin | 9900 | €68,181 | €60,999 | -€7,182 | -10.5% |
| Operating profit (loss) | 9901 | €55,294 | €47,924 | -€7,370 | -13.3% |
| Financial income | 75/76B | €80 | €117 | +€37 | +46.5% |
| Recurring financial income | 75 | €80 | €117 | +€37 | +46.5% |
| Financial charges | 65/66B | €2,771 | €1,846 | -€925 | -33.4% |
| Recurring financial charges | 65 | €2,771 | €1,846 | -€925 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €52,602 | €46,194 | -€6,408 | -12.2% |
| Income taxes | 67/77 | €11,855 | €10,414 | -€1,441 | -12.2% |
| Profit (loss) for the period | 9904 | €40,748 | €35,780 | -€4,968 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,748 | €35,780 | -€4,968 | -12.2% |
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 12 October 2026 via checked.be.