Le 210: 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.
Le 210
Largest movements
- Tangible fixed assets +€233,205
up €233,205 (+26.0%), from €896,304 to €1.1m
of which Land and buildings: +€238,212
- Receivables within one year +€223,103
up €223,103 (+160%), from €139,160 to €362,263
- Cash -€207,629
down €207,629 (-72.7%), from €285,788 to €78,158
mainly Investment in fixed assets (net) (-€375,261) and Receivables within one year (-€223,103)
- Accrued charges and deferred income +€185,813
new in 2025: €185,813
- Investment grants +€58,518
up €58,518 (+9.4%), from €621,462 to €679,980
- Debts within one year +€45,346
up €45,346 (+17.6%), from €258,025 to €303,371
of which Trade debts: +€32,414
- Debts after one year -€25,606
down €25,606 (-11.3%), from €226,768 to €201,162
of which Financial debts: -€25,622
- Gross operating margin +€182,589
up €182,589 (+12.8%), from €1.4m to €1.6m
- Staff costs +€88,149
up €88,149 (+6.5%), from €1.4m to €1.4m
- Depreciation +€30,681
up €30,681 (+28.4%), from €108,215 to €138,896
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 | €1,321,527 | €1,575,865 | +€254,338 | +19.2% |
| Fixed assets | 21/28 | €896,579 | €1,132,943 | +€236,364 | +26.4% |
| Intangible fixed assets | 21 | - | €3,159 | +€3,159 | |
| Tangible fixed assets | 22/27 | €896,304 | €1,129,509 | +€233,205 | +26.0% |
| Land and buildings | 22 | €797,418 | €1,035,630 | +€238,212 | +29.9% |
| Plant, machinery and equipment | 23 | €6,275 | €15,697 | +€9,422 | +150% |
| Furniture and vehicles | 24 | €52,127 | €54,318 | +€2,191 | +4.2% |
| Leasing and similar rights | 25 | €40,484 | €23,865 | -€16,620 | -41.1% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €424,948 | €442,921 | +€17,973 | +4.2% |
| Amounts receivable within one year | 40/41 | €139,160 | €362,263 | +€223,103 | +160% |
| Trade receivables | 40 | €139,160 | €362,263 | +€223,103 | +160% |
| Cash at bank and in hand | 54/58 | €285,788 | €78,158 | -€207,629 | -72.7% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €1,321,527 | €1,575,865 | +€254,338 | +19.2% |
| Equity | 10/15 | €836,733 | €885,518 | +€48,785 | +5.8% |
| Contributions | 10/11 | €30,151 | €30,151 | = | 0.0% |
| Capital | 10 | €30,151 | €30,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,121 | €175,388 | -€9,733 | -5.3% |
| Investment grants | 15 | €621,462 | €679,980 | +€58,518 | +9.4% |
| Amounts payable | 17/49 | €484,794 | €690,346 | +€205,553 | +42.4% |
| Amounts payable after more than one year | 17 | €226,768 | €201,162 | -€25,606 | -11.3% |
| Financial debts | 170/4 | €224,881 | €199,258 | -€25,622 | -11.4% |
| Other amounts payable | 178/9 | €1,888 | €1,904 | +€16 | +0.9% |
| Amounts payable within one year | 42/48 | €258,025 | €303,371 | +€45,346 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €28,171 | €25,622 | -€2,549 | -9.0% |
| Trade debts | 44 | €72,212 | €104,626 | +€32,414 | +44.9% |
| Suppliers | 440/4 | €72,212 | €104,626 | +€32,414 | +44.9% |
| Taxes, remuneration and social security | 45 | €124,635 | €145,010 | +€20,375 | +16.3% |
| Taxes | 450/3 | €901 | €75 | -€826 | -91.7% |
| Remuneration and social security | 454/9 | €123,735 | €144,935 | +€21,200 | +17.1% |
| Accrued charges and deferred income | 492/3 | - | €185,813 | +€185,813 | |
| Non-recurring operating income | 76A | €6,078 | - | -€6,078 | |
| Remuneration, social security and pensions | 62 | €1,353,793 | €1,441,942 | +€88,149 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,215 | €138,896 | +€30,681 | +28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,044 | €6,384 | -€1,660 | -20.6% |
| Other operating charges | 640/8 | €24,557 | €25,788 | +€1,231 | +5.0% |
| Gross operating margin | 9900 | €1,425,786 | €1,608,375 | +€182,589 | +12.8% |
| Operating profit (loss) | 9901 | -€68,823 | -€4,636 | +€64,188 | +93.3% |
| Financial charges | 65/66B | €5,353 | €5,097 | -€256 | -4.8% |
| Recurring financial charges | 65 | €5,353 | €5,097 | -€256 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€74,176 | -€9,733 | +€64,444 | +86.9% |
| Profit (loss) for the period | 9904 | -€74,176 | -€9,733 | +€64,444 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,176 | -€9,733 | +€64,444 | +86.9% |
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 21 October 2026 via checked.be.