LE-AN: 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-AN
Largest movements
- Cash +€9,756
up €9,756 (+26.2%), from €37,237 to €46,993
mainly Net result for the year (+€15,587) and Depreciation (+€13,059)
- Intangible fixed assets -€6,250
down €6,250 (-21.9%), from €28,527 to €22,277
- Tangible fixed assets -€5,369
down €5,369 (-10.9%), from €49,041 to €43,672
of which Plant, machinery and equipment: -€2,877
- Deferred charges and accrued income -€4,895
down €4,895 (-60.8%), from €8,049 to €3,153
- Stocks and contracts +€4,197
up €4,197 (+23.4%), from €17,920 to €22,118
- Debts after one year -€19,119
down €19,119 (-44.8%), from €42,650 to €23,531
- Reserves +€15,565
up €15,565 (+41.7%), from €37,357 to €52,922
- Other debts -€5,790
down €5,790 (-26.7%), from €21,659 to €15,870
- Current portion of long-term debt +€2,942
up €2,942 (+18.9%), from €15,597 to €18,539
- Trade debts +€1,882
up €1,882 (+69.6%), from €2,703 to €4,585
- Gross operating margin +€16,889
up €16,889 (+20.9%), from €80,800 to €97,690
- Staff costs +€6,191
up €6,191 (+13.2%), from €47,066 to €53,257
- Taxes +€3,417
up €3,417 (+73.1%), from €4,676 to €8,093
- Financial charges -€1,281
down €1,281 (-16.6%), from €7,710 to €6,429
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 | €144,860 | €140,440 | -€4,420 | -3.1% |
| Fixed assets | 21/28 | €77,568 | €65,949 | -€11,619 | -15.0% |
| Intangible fixed assets | 21 | €28,527 | €22,277 | -€6,250 | -21.9% |
| Tangible fixed assets | 22/27 | €49,041 | €43,672 | -€5,369 | -10.9% |
| Land and buildings | 22 | €30,592 | €28,100 | -€2,492 | -8.1% |
| Plant, machinery and equipment | 23 | €18,448 | €15,572 | -€2,877 | -15.6% |
| Current assets | 29/58 | €67,292 | €74,491 | +€7,199 | +10.7% |
| Stocks and contracts in progress | 3 | €17,920 | €22,118 | +€4,197 | +23.4% |
| Stocks | 30/36 | €17,920 | €22,118 | +€4,197 | +23.4% |
| Amounts receivable within one year | 40/41 | €29 | €22 | -€8 | -25.6% |
| Trade receivables | 40 | €0 | €22 | +€22 | |
| Other amounts receivable | 41 | €29 | €0 | -€29 | -100.0% |
| Current investments | 50/53 | €4,057 | €2,205 | -€1,851 | -45.6% |
| Cash at bank and in hand | 54/58 | €37,237 | €46,993 | +€9,756 | +26.2% |
| Deferred charges and accrued income | 490/1 | €8,049 | €3,153 | -€4,895 | -60.8% |
| Total equity and liabilities | 10/49 | €144,860 | €140,440 | -€4,420 | -3.1% |
| Equity | 10/15 | €47,357 | €62,944 | +€15,587 | +32.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €37,357 | €52,922 | +€15,565 | +41.7% |
| Distributable reserves | 133 | €37,357 | €52,922 | +€15,565 | +41.7% |
| Profit (loss) carried forward | 14 | - | €22 | +€22 | |
| Amounts payable | 17/49 | €97,503 | €77,496 | -€20,007 | -20.5% |
| Amounts payable after more than one year | 17 | €42,650 | €23,531 | -€19,119 | -44.8% |
| Financial debts | 170/4 | €42,650 | €23,531 | -€19,119 | -44.8% |
| Amounts payable within one year | 42/48 | €53,877 | €52,989 | -€888 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €15,597 | €18,539 | +€2,942 | +18.9% |
| Trade debts | 44 | €2,703 | €4,585 | +€1,882 | +69.6% |
| Suppliers | 440/4 | €2,703 | €4,585 | +€1,882 | +69.6% |
| Taxes, remuneration and social security | 45 | €13,917 | €13,995 | +€78 | +0.6% |
| Taxes | 450/3 | €6,752 | €7,809 | +€1,056 | +15.6% |
| Remuneration and social security | 454/9 | €7,165 | €6,187 | -€978 | -13.7% |
| Other amounts payable | 47/48 | €21,659 | €15,870 | -€5,790 | -26.7% |
| Accrued charges and deferred income | 492/3 | €976 | €976 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €47,066 | €53,257 | +€6,191 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,336 | €13,059 | +€723 | +5.9% |
| Other operating charges | 640/8 | €1,289 | €1,314 | +€25 | +2.0% |
| Gross operating margin | 9900 | €80,800 | €97,690 | +€16,889 | +20.9% |
| Operating profit (loss) | 9901 | €20,110 | €30,059 | +€9,949 | +49.5% |
| Financial income | 75/76B | €19 | €50 | +€30 | +157.0% |
| Recurring financial income | 75 | €19 | €50 | +€30 | +157.0% |
| Financial charges | 65/66B | €7,710 | €6,429 | -€1,281 | -16.6% |
| Recurring financial charges | 65 | €7,710 | €6,429 | -€1,281 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €12,419 | €23,680 | +€11,261 | +90.7% |
| Income taxes | 67/77 | €4,676 | €8,093 | +€3,417 | +73.1% |
| Profit (loss) for the period | 9904 | €7,743 | €15,587 | +€7,844 | +101.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,743 | €15,587 | +€7,844 | +101.3% |
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.