LEC-Projects: 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.
LEC-Projects
Largest movements
- Cash +€43,298
up €43,298 (+77.5%), from €55,856 to €99,155
mainly Net result for the year (+€48,827) and Receivables within one year (+€10,459)
- Receivables within one year -€10,459
down €10,459 (-28.6%), from €36,520 to €26,061
of which Other amounts receivable: -€13,207
- Tangible fixed assets +€9,494
up €9,494 (+262%), from €3,619 to €13,113
- Deferred charges and accrued income -€1,711
down €1,711 (-66.3%), from €2,581 to €870
- Reserves +€35,327
up €35,327 (+58.9%), from €59,993 to €95,320
of which Distributable reserves: +€35,327
- Other debts -€11,935
down €11,935 (-49.0%), from €24,335 to €12,399
- Trade debts +€10,203
up €10,203 (+273%), from €3,735 to €13,939
- Tax, wage and social debts +€7,048
up €7,048 (+107%), from €6,585 to €13,632
of which Taxes: +€7,296
- Gross operating margin +€39,170
up €39,170 (+95.7%), from €40,921 to €80,092
- Taxes +€10,575
up €10,575 (+96.0%), from €11,012 to €21,587
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 | €98,576 | €139,199 | +€40,623 | +41.2% |
| Fixed assets | 21/28 | €3,619 | €13,113 | +€9,494 | +262% |
| Tangible fixed assets | 22/27 | €3,619 | €13,113 | +€9,494 | +262% |
| Plant, machinery and equipment | 23 | €1,255 | €5,003 | +€3,747 | +299% |
| Furniture and vehicles | 24 | €2,363 | €5,820 | +€3,457 | +146% |
| Other tangible fixed assets | 26 | - | €2,290 | +€2,290 | |
| Current assets | 29/58 | €94,958 | €126,086 | +€31,128 | +32.8% |
| Amounts receivable within one year | 40/41 | €36,520 | €26,061 | -€10,459 | -28.6% |
| Trade receivables | 40 | €22,390 | €25,138 | +€2,748 | +12.3% |
| Other amounts receivable | 41 | €14,130 | €923 | -€13,207 | -93.5% |
| Cash at bank and in hand | 54/58 | €55,856 | €99,155 | +€43,298 | +77.5% |
| Deferred charges and accrued income | 490/1 | €2,581 | €870 | -€1,711 | -66.3% |
| Total equity and liabilities | 10/49 | €98,576 | €139,199 | +€40,623 | +41.2% |
| Equity | 10/15 | €60,493 | €95,820 | +€35,327 | +58.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €59,993 | €95,320 | +€35,327 | +58.9% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €59,943 | €95,270 | +€35,327 | +58.9% |
| Amounts payable | 17/49 | €38,083 | €43,379 | +€5,295 | +13.9% |
| Amounts payable within one year | 42/48 | €38,083 | €43,379 | +€5,295 | +13.9% |
| Financial debts | 43 | €3,429 | €3,409 | -€21 | -0.6% |
| Credit institutions | 430/8 | €3,429 | €3,409 | -€21 | -0.6% |
| Trade debts | 44 | €3,735 | €13,939 | +€10,203 | +273% |
| Suppliers | 440/4 | €3,735 | €13,939 | +€10,203 | +273% |
| Taxes, remuneration and social security | 45 | €6,585 | €13,632 | +€7,048 | +107% |
| Taxes | 450/3 | €3,805 | €11,102 | +€7,296 | +192% |
| Remuneration and social security | 454/9 | €2,779 | €2,531 | -€249 | -8.9% |
| Other amounts payable | 47/48 | €24,335 | €12,399 | -€11,935 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,715 | €2,282 | +€567 | +33.1% |
| Other operating charges | 640/8 | €1,202 | €1,556 | +€353 | +29.4% |
| Gross operating margin | 9900 | €40,921 | €80,092 | +€39,170 | +95.7% |
| Operating profit (loss) | 9901 | €38,004 | €76,254 | +€38,250 | +101% |
| Financial income | 75/76B | €5 | €259 | +€254 | +5,408% |
| Recurring financial income | 75 | €5 | €259 | +€254 | +5,408% |
| Financial charges | 65/66B | €6,746 | €6,098 | -€648 | -9.6% |
| Recurring financial charges | 65 | €6,746 | €6,098 | -€648 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €31,263 | €70,414 | +€39,152 | +125% |
| Income taxes | 67/77 | €11,012 | €21,587 | +€10,575 | +96.0% |
| Profit (loss) for the period | 9904 | €20,251 | €48,827 | +€28,576 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €20,251 | €48,827 | +€28,576 | +141% |
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 17 October 2026 via checked.be.