LECANO: 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.
What changed
LECANO
NACE 77.320, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€50,980
2024 · -€137,897+€86,917
Equity
€2.3m
2024 · €2.4m-€78,480
Cash
€14,948
2024 · €22,137-€7,189
Balance sheet total
€3.2m
2024 · €3.6m-€380,900
Largest movements
Assets
- Current investments -€189,966
down €189,966 (-16.9%), from €1.1m to €931,963
- Receivables after one year -€125,000
down €125,000 (-10.4%), from €1.2m to €1.1m
Equity and liabilities
- Debts after one year -€164,669
down €164,669 (-41.7%), from €394,608 to €229,938
- Current portion of long-term debt -€116,532
down €116,532 (-79.2%), from €147,071 to €30,539
- Reserves -€78,480
down €78,480 (-3.3%), from €2.4m to €2.3m
of which Distributable reserves: -€78,480
Income statement
- Financial charges -€75,496
down €75,496 (-69.6%), from €108,408 to €32,912
- Gross operating margin +€24,244
up €24,244 (+43.9%), from -€55,237 to -€30,993
- Financial income -€13,197
down €13,197 (-24.9%), from €53,086 to €39,889
- Other operating charges -€721
down €721 (-10.0%), from €7,178 to €6,457
- Depreciation +€666
up €666 (+3.4%), from €19,842 to €20,508
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.
Result 2024
-€137,897
Gross operating margin
+€24,244
Depreciation
-€666
Other operating charges
+€721
Financial income
-€13,197
Financial charges
+€75,496
Taxes
+€318
Result 2025
-€50,980
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.
From operations
+€111,546
Investment
+€189,966
Financing
-€308,701
Cash 2024
€22,137
From operations (derived)
+€111,546
Net result for the year
-€50,980
Depreciation
+€20,508
Receivables after one year
+€125,000
Receivables within one year
+€35,000
Deferred charges and accrued income
+€3,236
Trade debts
-€5,886
Tax, wage and social debts
+€2,240
Other debts
-€16,967
Accrued charges and deferred income
-€606
Investment (derived)
+€189,966
Current investments
+€189,966
Financing
-€308,701
Debts after one year
-€164,669
Current portion of long-term debt
-€116,532
Contributions, distributions and other
-€27,500
Cash 2025
€14,948
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,585,295 | €3,204,395 | -€380,900 | -10.6% |
| Fixed assets | 21/28 | €740,193 | €719,685 | -€20,508 | -2.8% |
| Tangible fixed assets | 22/27 | €738,219 | €717,711 | -€20,508 | -2.8% |
| Land and buildings | 22 | €257,191 | €240,788 | -€16,402 | -6.4% |
| Furniture and vehicles | 24 | €39,131 | €36,572 | -€2,558 | -6.5% |
| Other tangible fixed assets | 26 | €441,898 | €440,350 | -€1,548 | -0.4% |
| Financial fixed assets | 28 | €1,974 | €1,974 | = | 0.0% |
| Current assets | 29/58 | €2,845,102 | €2,484,711 | -€360,391 | -12.7% |
| Amounts receivable after more than one year | 29 | €1,204,468 | €1,079,468 | -€125,000 | -10.4% |
| Other amounts receivable | 291 | €1,204,468 | €1,079,468 | -€125,000 | -10.4% |
| Stocks and contracts in progress | 3 | €90,000 | €90,000 | = | 0.0% |
| Stocks | 30/36 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €223,928 | €188,928 | -€35,000 | -15.6% |
| Trade receivables | 40 | €48,399 | €48,399 | = | 0.0% |
| Other amounts receivable | 41 | €175,529 | €140,529 | -€35,000 | -19.9% |
| Current investments | 50/53 | €1,121,929 | €931,963 | -€189,966 | -16.9% |
| Cash at bank and in hand | 54/58 | €22,137 | €14,948 | -€7,189 | -32.5% |
| Deferred charges and accrued income | 490/1 | €182,640 | €179,404 | -€3,236 | -1.8% |
| Total equity and liabilities | 10/49 | €3,585,295 | €3,204,395 | -€380,900 | -10.6% |
| Equity | 10/15 | €2,401,532 | €2,323,052 | -€78,480 | -3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,381,532 | €2,303,052 | -€78,480 | -3.3% |
| Non-distributable reserves | 130/1 | €520,000 | €520,000 | = | 0.0% |
| Own shares acquired | 1312 | €520,000 | €520,000 | = | 0.0% |
| Distributable reserves | 133 | €1,861,532 | €1,783,052 | -€78,480 | -4.2% |
| Amounts payable | 17/49 | €1,183,763 | €881,343 | -€302,420 | -25.5% |
| Amounts payable after more than one year | 17 | €394,608 | €229,938 | -€164,669 | -41.7% |
| Financial debts | 170/4 | €394,608 | €229,938 | -€164,669 | -41.7% |
| Amounts payable within one year | 42/48 | €787,167 | €650,023 | -€137,144 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €147,071 | €30,539 | -€116,532 | -79.2% |
| Financial debts | 43 | €255,000 | €255,000 | = | 0.0% |
| Credit institutions | 430/8 | €255,000 | €255,000 | = | 0.0% |
| Trade debts | 44 | €7,453 | €1,567 | -€5,886 | -79.0% |
| Suppliers | 440/4 | €7,453 | €1,567 | -€5,886 | -79.0% |
| Taxes, remuneration and social security | 45 | €5,516 | €7,757 | +€2,240 | +40.6% |
| Taxes | 450/3 | €5,516 | €7,757 | +€2,240 | +40.6% |
| Other amounts payable | 47/48 | €372,127 | €355,160 | -€16,967 | -4.6% |
| Accrued charges and deferred income | 492/3 | €1,988 | €1,382 | -€606 | -30.5% |
| Non-recurring operating income | 76A | €3,528 | - | -€3,528 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,842 | €20,508 | +€666 | +3.4% |
| Other operating charges | 640/8 | €7,178 | €6,457 | -€721 | -10.0% |
| Gross operating margin | 9900 | -€55,237 | -€30,993 | +€24,244 | +43.9% |
| Operating profit (loss) | 9901 | -€82,257 | -€57,957 | +€24,300 | +29.5% |
| Financial income | 75/76B | €53,086 | €39,889 | -€13,197 | -24.9% |
| Recurring financial income | 75 | €53,086 | €39,889 | -€13,197 | -24.9% |
| Financial charges | 65/66B | €108,408 | €32,912 | -€75,496 | -69.6% |
| Recurring financial charges | 65 | €108,408 | €32,912 | -€75,496 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | -€137,579 | -€50,980 | +€86,599 | +62.9% |
| Income taxes | 67/77 | €318 | €0 | -€318 | -100.0% |
| Profit (loss) for the period | 9904 | -€137,897 | -€50,980 | +€86,917 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,897 | -€50,980 | +€86,917 | +63.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.