LE Gallery: 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 Gallery
Largest movements
- Stocks and contracts -€49,989
down €49,989 (-13.7%), from €364,635 to €314,645
- Receivables within one year +€30,999
up €30,999 (+1829.6%), from €1,694 to €32,693
of which Trade receivables: +€29,400
- Current portion of long-term debt -€80,000
down €80,000 (-16.2%), from €495,000 to €415,000
- Trade debts +€31,953
up €31,953 (+226.9%), from €14,082 to €46,036
- Reserves +€20,036
new in 2025: €20,036
- Other debts +€6,747
up €6,747 (+38.0%), from €17,741 to €24,488
- Gross operating margin -€41,610
down €41,610 (-80.4%), from €51,775 to €10,165
- Financial income +€17,166
new in 2025: €17,166
- Financial charges -€15,629
down €15,629 (-79.8%), from €19,594 to €3,965
- Depreciation -€2,209
down €2,209 (-37.4%), from €5,901 to €3,691
- Taxes -€1,368
down €1,368 (-24.6%), from €5,561 to €4,193
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 | €604,849 | €575,189 | -€29,661 | -4.9% |
| Fixed assets | 21/28 | €19,954 | €17,084 | -€2,870 | -14.4% |
| Tangible fixed assets | 22/27 | €19,954 | €17,084 | -€2,870 | -14.4% |
| Land and buildings | 22 | €14,892 | €13,145 | -€1,747 | -11.7% |
| Plant, machinery and equipment | 23 | €5,062 | €3,939 | -€1,123 | -22.2% |
| Current assets | 29/58 | €584,896 | €558,105 | -€26,791 | -4.6% |
| Stocks and contracts in progress | 3 | €364,635 | €314,645 | -€49,989 | -13.7% |
| Stocks | 30/36 | €364,635 | €314,645 | -€49,989 | -13.7% |
| Amounts receivable within one year | 40/41 | €1,694 | €32,693 | +€30,999 | +1829.6% |
| Trade receivables | 40 | - | €29,400 | +€29,400 | |
| Other amounts receivable | 41 | €1,694 | €3,293 | +€1,599 | +94.4% |
| Cash at bank and in hand | 54/58 | €214,096 | €210,767 | -€3,329 | -1.6% |
| Deferred charges and accrued income | 490/1 | €4,471 | - | -€4,471 | |
| Total equity and liabilities | 10/49 | €604,849 | €575,189 | -€29,661 | -4.9% |
| Equity | 10/15 | €70,036 | €85,237 | +€15,201 | +21.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €20,036 | +€20,036 | |
| Distributable reserves | 133 | - | €20,036 | +€20,036 | |
| Profit (loss) carried forward | 14 | €20,036 | €15,201 | -€4,835 | -24.1% |
| Amounts payable | 17/49 | €534,813 | €489,952 | -€44,862 | -8.4% |
| Amounts payable within one year | 42/48 | €534,813 | €489,952 | -€44,862 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €495,000 | €415,000 | -€80,000 | -16.2% |
| Trade debts | 44 | €14,082 | €46,036 | +€31,953 | +226.9% |
| Suppliers | 440/4 | €14,082 | €46,036 | +€31,953 | +226.9% |
| Taxes, remuneration and social security | 45 | €7,990 | €4,428 | -€3,562 | -44.6% |
| Taxes | 450/3 | €7,990 | €4,428 | -€3,562 | -44.6% |
| Other amounts payable | 47/48 | €17,741 | €24,488 | +€6,747 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,901 | €3,691 | -€2,209 | -37.4% |
| Other operating charges | 640/8 | €683 | €279 | -€403 | -59.1% |
| Gross operating margin | 9900 | €51,775 | €10,165 | -€41,610 | -80.4% |
| Operating profit (loss) | 9901 | €45,192 | €6,194 | -€38,998 | -86.3% |
| Financial income | 75/76B | - | €17,166 | +€17,166 | |
| Recurring financial income | 75 | - | €17,166 | +€17,166 | |
| Financial charges | 65/66B | €19,594 | €3,965 | -€15,629 | -79.8% |
| Recurring financial charges | 65 | €19,594 | €3,965 | -€15,629 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €25,597 | €19,394 | -€6,203 | -24.2% |
| Income taxes | 67/77 | €5,561 | €4,193 | -€1,368 | -24.6% |
| Profit (loss) for the period | 9904 | €20,036 | €15,201 | -€4,835 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,036 | €15,201 | -€4,835 | -24.1% |
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 7 October 2026 via checked.be.