LE FILS: what changed
LE FILS
Largest movements
- Tangible fixed assets +€35,624
up €35,624 (+270%), from €13,197 to €48,822
of which Furniture and vehicles: +€28,747
- Cash -€26,005
down €26,005 (-88.5%), from €29,398 to €3,392
mainly Net result for the year (-€111,779) and Investment in fixed assets (net) (-€49,740)
- Receivables within one year -€14,751
down €14,751 (-40.0%), from €36,836 to €22,085
of which Trade receivables: -€23,616
- Profit (loss) carried forward -€111,779
down €111,779 (-1,458%), from -€7,667 to -€119,446
- Tax, wage and social debts +€60,979
up €60,979 (+220%), from €27,677 to €88,657
of which Remuneration and social security: +€67,067
- Debts after one year +€27,509
new in 2025: €27,509
- Other debts +€22,274
new in 2025: €22,274
- Reserves -€20,800
down €20,800 (-96.6%), from €21,528 to €728
of which Distributable reserves: -€20,800
- Staff costs +€113,109
up €113,109 (+74.2%), from €152,495 to €265,604
- Gross operating margin +€25,073
up €25,073 (+16.5%), from €151,751 to €176,824
- Depreciation +€8,046
up €8,046 (+133%), from €6,070 to €14,116
- Taxes +€3,310
up €3,310 (+37,318%), from €9 to €3,319
- Financial charges +€2,252
up €2,252 (+201%), from €1,122 to €3,374
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,431 | €74,384 | -€5,047 | -6.4% |
| Fixed assets | 21/28 | €13,197 | €48,822 | +€35,624 | +270% |
| Tangible fixed assets | 22/27 | €13,197 | €48,822 | +€35,624 | +270% |
| Plant, machinery and equipment | 23 | - | €7,156 | +€7,156 | |
| Furniture and vehicles | 24 | €11,583 | €40,330 | +€28,747 | +248% |
| Other tangible fixed assets | 26 | €1,614 | €1,335 | -€280 | -17.3% |
| Current assets | 29/58 | €66,234 | €25,563 | -€40,672 | -61.4% |
| Amounts receivable within one year | 40/41 | €36,836 | €22,085 | -€14,751 | -40.0% |
| Trade receivables | 40 | €31,585 | €7,969 | -€23,616 | -74.8% |
| Other amounts receivable | 41 | €5,251 | €14,116 | +€8,865 | +169% |
| Cash at bank and in hand | 54/58 | €29,398 | €3,392 | -€26,005 | -88.5% |
| Deferred charges and accrued income | 490/1 | - | €85 | +€85 | |
| Total equity and liabilities | 10/49 | €79,431 | €74,384 | -€5,047 | -6.4% |
| Equity | 10/15 | €43,861 | -€88,718 | -€132,579 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €21,528 | €728 | -€20,800 | -96.6% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €20,928 | €128 | -€20,800 | -99.4% |
| Profit (loss) carried forward | 14 | -€7,667 | -€119,446 | -€111,779 | -1,458% |
| Amounts payable | 17/49 | €35,570 | €163,102 | +€127,532 | +359% |
| Amounts payable after more than one year | 17 | - | €27,509 | +€27,509 | |
| Financial debts | 170/4 | - | €27,509 | +€27,509 | |
| Amounts payable within one year | 42/48 | €34,320 | €135,593 | +€101,273 | +295% |
| Current portion of amounts payable after more than one year | 42 | - | €8,044 | +€8,044 | |
| Financial debts | 43 | - | €4,105 | +€4,105 | |
| Credit institutions | 430/8 | - | €4,105 | +€4,105 | |
| Trade debts | 44 | €6,643 | €12,513 | +€5,870 | +88.4% |
| Suppliers | 440/4 | €6,643 | €12,513 | +€5,870 | +88.4% |
| Taxes, remuneration and social security | 45 | €27,677 | €88,657 | +€60,979 | +220% |
| Taxes | 450/3 | €16,745 | €10,657 | -€6,088 | -36.4% |
| Remuneration and social security | 454/9 | €10,932 | €77,999 | +€67,067 | +614% |
| Other amounts payable | 47/48 | - | €22,274 | +€22,274 | |
| Accrued charges and deferred income | 492/3 | €1,250 | - | -€1,250 | |
| Remuneration, social security and pensions | 62 | €152,495 | €265,604 | +€113,109 | +74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,070 | €14,116 | +€8,046 | +133% |
| Other operating charges | 640/8 | €1,790 | €2,190 | +€400 | +22.3% |
| Gross operating margin | 9900 | €151,751 | €176,824 | +€25,073 | +16.5% |
| Operating profit (loss) | 9901 | -€8,604 | -€105,087 | -€96,482 | -1,121% |
| Financial income | 75/76B | €1,185 | - | -€1,185 | |
| Recurring financial income | 75 | €1,185 | - | -€1,185 | |
| Financial charges | 65/66B | €1,122 | €3,374 | +€2,252 | +201% |
| Recurring financial charges | 65 | €1,122 | €3,374 | +€2,252 | +201% |
| Profit (loss) for the period before taxes | 9903 | -€8,541 | -€108,460 | -€99,919 | -1,170% |
| Income taxes | 67/77 | €9 | €3,319 | +€3,310 | +37,318% |
| Profit (loss) for the period | 9904 | -€8,550 | -€111,779 | -€103,229 | -1,207% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,550 | -€111,779 | -€103,229 | -1,207% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.