Le 13: 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.
Le 13
Largest movements
- Receivables within one year +€27,356
up €27,356 (+159.0%), from €17,210 to €44,566
of which Trade receivables: +€39,565
- Tangible fixed assets -€22,138
down €22,138 (-38.8%), from €57,047 to €34,908
of which Furniture and vehicles: -€13,242
- Cash -€6,382
down €6,382 (-3.5%), from €180,376 to €173,994
mainly Contributions, distributions and other (-€93,593) and Receivables within one year (-€27,356)
- Stocks and contracts +€3,098
up €3,098 (+13.9%), from €22,348 to €25,447
- Reserves -€74,951
down €74,951 (-38.1%), from €196,823 to €121,871
- Other debts +€66,770
new in 2025: €66,770
- Trade debts +€30,671
up €30,671 (+477.3%), from €6,426 to €37,097
- Current portion of long-term debt -€7,174
down €7,174 (-75.6%), from €9,495 to €2,321
- Tax, wage and social debts -€7,036
down €7,036 (-13.6%), from €51,778 to €44,742
of which Taxes: -€6,076
- Gross operating margin -€39,156
down €39,156 (-32.7%), from €119,666 to €80,510
- Taxes -€9,125
down €9,125 (-47.4%), from €19,261 to €10,136
- Staff costs -€6,594
down €6,594 (-23.5%), from €28,062 to €21,468
- Depreciation -€6,183
down €6,183 (-20.6%), from €29,965 to €23,782
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 | €279,348 | €280,297 | +€949 | +0.3% |
| Fixed assets | 21/28 | €57,047 | €34,908 | -€22,138 | -38.8% |
| Tangible fixed assets | 22/27 | €57,047 | €34,908 | -€22,138 | -38.8% |
| Land and buildings | 22 | €27,705 | €18,469 | -€9,236 | -33.3% |
| Plant, machinery and equipment | 23 | €2,857 | €3,196 | +€339 | +11.9% |
| Furniture and vehicles | 24 | €26,485 | €13,243 | -€13,242 | -50.0% |
| Current assets | 29/58 | €222,301 | €245,388 | +€23,087 | +10.4% |
| Stocks and contracts in progress | 3 | €22,348 | €25,447 | +€3,098 | +13.9% |
| Stocks | 30/36 | €22,348 | €25,447 | +€3,098 | +13.9% |
| Amounts receivable within one year | 40/41 | €17,210 | €44,566 | +€27,356 | +159.0% |
| Trade receivables | 40 | €3,393 | €42,958 | +€39,565 | +1166.1% |
| Other amounts receivable | 41 | €13,817 | €1,608 | -€12,209 | -88.4% |
| Cash at bank and in hand | 54/58 | €180,376 | €173,994 | -€6,382 | -3.5% |
| Deferred charges and accrued income | 490/1 | €2,367 | €1,382 | -€985 | -41.6% |
| Total equity and liabilities | 10/49 | €279,348 | €280,297 | +€949 | +0.3% |
| Equity | 10/15 | €199,053 | €124,101 | -€74,951 | -37.7% |
| Contributions | 10/11 | €2,230 | €2,230 | = | 0.0% |
| Reserves | 13 | €196,823 | €121,871 | -€74,951 | -38.1% |
| Distributable reserves | 133 | €196,823 | €121,871 | -€74,951 | -38.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,296 | €156,196 | +€75,900 | +94.5% |
| Amounts payable after more than one year | 17 | €2,321 | €0 | -€2,321 | -100.0% |
| Financial debts | 170/4 | €2,321 | €0 | -€2,321 | -100.0% |
| Amounts payable within one year | 42/48 | €70,075 | €150,929 | +€80,854 | +115.4% |
| Current portion of amounts payable after more than one year | 42 | €9,495 | €2,321 | -€7,174 | -75.6% |
| Financial debts | 43 | €2,376 | €0 | -€2,376 | -100.0% |
| Credit institutions | 430/8 | €2,376 | €0 | -€2,376 | -100.0% |
| Trade debts | 44 | €6,426 | €37,097 | +€30,671 | +477.3% |
| Suppliers | 440/4 | €6,426 | €37,097 | +€30,671 | +477.3% |
| Taxes, remuneration and social security | 45 | €51,778 | €44,742 | -€7,036 | -13.6% |
| Taxes | 450/3 | €48,724 | €42,649 | -€6,076 | -12.5% |
| Remuneration and social security | 454/9 | €3,053 | €2,093 | -€961 | -31.5% |
| Other amounts payable | 47/48 | - | €66,770 | +€66,770 | |
| Accrued charges and deferred income | 492/3 | €7,900 | €5,267 | -€2,633 | -33.3% |
| Remuneration, social security and pensions | 62 | €28,062 | €21,468 | -€6,594 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,965 | €23,782 | -€6,183 | -20.6% |
| Other operating charges | 640/8 | €4,320 | €5,106 | +€786 | +18.2% |
| Gross operating margin | 9900 | €119,666 | €80,510 | -€39,156 | -32.7% |
| Operating profit (loss) | 9901 | €57,319 | €30,154 | -€27,165 | -47.4% |
| Financial income | 75/76B | €1,580 | €803 | -€777 | -49.2% |
| Recurring financial income | 75 | €1,580 | €803 | -€777 | -49.2% |
| Financial charges | 65/66B | €2,117 | €2,179 | +€63 | +3.0% |
| Recurring financial charges | 65 | €2,117 | €2,179 | +€63 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €56,782 | €28,778 | -€28,004 | -49.3% |
| Income taxes | 67/77 | €19,261 | €10,136 | -€9,125 | -47.4% |
| Profit (loss) for the period | 9904 | €37,522 | €18,642 | -€18,880 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,522 | €18,642 | -€18,880 | -50.3% |
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 8 October 2026 via checked.be.