LECARBO: 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.
LECARBO
Largest movements
- Cash +€465,326
up €465,326 (+322%), from €144,628 to €609,954
mainly Net result for the year (+€393,775) and Stocks and contracts (+€374,106)
- Stocks and contracts -€374,106
down €374,106 (-31.6%), from €1.2m to €810,842
- Receivables within one year +€270,738
up €270,738 (+52.0%), from €521,032 to €791,770
of which Trade receivables: +€298,755
- Tangible fixed assets +€84,089
up €84,089 (+2.8%), from €3.0m to €3.1m
of which Land and buildings: +€90,600
- Reserves +€393,775
up €393,775 (+90.6%), from €434,760 to €828,535
- Tax, wage and social debts +€120,618
up €120,618 (+709%), from €17,013 to €137,631
of which Taxes: +€119,705
- Debts after one year -€95,684
down €95,684 (-5.1%), from €1.9m to €1.8m
- Current portion of long-term debt +€85,308
up €85,308 (+29.7%), from €287,480 to €372,788
- Gross operating margin +€452,588
up €452,588 (+81.3%), from €556,520 to €1.0m
- Taxes +€124,724
up €124,724 (+278%), from €44,874 to €169,598
- Depreciation +€44,091
up €44,091 (+15.2%), from €290,588 to €334,679
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 | €4,999,931 | €5,476,779 | +€476,848 | +9.5% |
| Fixed assets | 21/28 | €3,034,903 | €3,118,857 | +€83,954 | +2.8% |
| Tangible fixed assets | 22/27 | €3,034,768 | €3,118,857 | +€84,089 | +2.8% |
| Land and buildings | 22 | €2,419,545 | €2,510,145 | +€90,600 | +3.7% |
| Plant, machinery and equipment | 23 | €374,928 | €382,161 | +€7,233 | +1.9% |
| Furniture and vehicles | 24 | €240,295 | €226,551 | -€13,744 | -5.7% |
| Financial fixed assets | 28 | €135 | - | -€135 | |
| Current assets | 29/58 | €1,965,028 | €2,357,922 | +€392,894 | +20.0% |
| Stocks and contracts in progress | 3 | €1,184,948 | €810,842 | -€374,106 | -31.6% |
| Stocks | 30/36 | €1,184,948 | €810,842 | -€374,106 | -31.6% |
| Amounts receivable within one year | 40/41 | €521,032 | €791,770 | +€270,738 | +52.0% |
| Trade receivables | 40 | €492,972 | €791,727 | +€298,755 | +60.6% |
| Other amounts receivable | 41 | €28,060 | €43 | -€28,017 | -99.8% |
| Current investments | 50/53 | €112,500 | €142,500 | +€30,000 | +26.7% |
| Cash at bank and in hand | 54/58 | €144,628 | €609,954 | +€465,326 | +322% |
| Deferred charges and accrued income | 490/1 | €1,920 | €2,856 | +€936 | +48.8% |
| Total equity and liabilities | 10/49 | €4,999,931 | €5,476,779 | +€476,848 | +9.5% |
| Equity | 10/15 | €2,011,597 | €2,405,372 | +€393,775 | +19.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €434,760 | €828,535 | +€393,775 | +90.6% |
| Distributable reserves | 133 | €434,760 | €828,535 | +€393,775 | +90.6% |
| Profit (loss) carried forward | 14 | €1,564,437 | €1,564,437 | = | 0.0% |
| Amounts payable | 17/49 | €2,988,334 | €3,071,407 | +€83,073 | +2.8% |
| Amounts payable after more than one year | 17 | €1,865,577 | €1,769,893 | -€95,684 | -5.1% |
| Financial debts | 170/4 | €1,865,577 | €1,769,893 | -€95,684 | -5.1% |
| Amounts payable within one year | 42/48 | €1,119,157 | €1,298,714 | +€179,557 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €287,480 | €372,788 | +€85,308 | +29.7% |
| Trade debts | 44 | €773,683 | €746,853 | -€26,830 | -3.5% |
| Suppliers | 440/4 | €773,683 | €746,853 | -€26,830 | -3.5% |
| Taxes, remuneration and social security | 45 | €17,013 | €137,631 | +€120,618 | +709% |
| Taxes | 450/3 | €11,344 | €131,049 | +€119,705 | +1,055% |
| Remuneration and social security | 454/9 | €5,669 | €6,582 | +€913 | +16.1% |
| Other amounts payable | 47/48 | €40,981 | €41,442 | +€461 | +1.1% |
| Accrued charges and deferred income | 492/3 | €3,600 | €2,800 | -€800 | -22.2% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €80,292 | €85,017 | +€4,725 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,588 | €334,679 | +€44,091 | +15.2% |
| Non-recurring operating charges | 66A | - | €2,880 | +€2,880 | |
| Gross operating margin | 9900 | €556,520 | €1,009,108 | +€452,588 | +81.3% |
| Operating profit (loss) | 9901 | €185,640 | €586,532 | +€400,892 | +216% |
| Financial income | 75/76B | €18,163 | €26,264 | +€8,101 | +44.6% |
| Recurring financial income | 75 | €18,163 | €26,264 | +€8,101 | +44.6% |
| Financial charges | 65/66B | €51,014 | €49,423 | -€1,591 | -3.1% |
| Recurring financial charges | 65 | €51,014 | €49,423 | -€1,591 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €152,789 | €563,373 | +€410,584 | +269% |
| Income taxes | 67/77 | €44,874 | €169,598 | +€124,724 | +278% |
| Profit (loss) for the period | 9904 | €107,915 | €393,775 | +€285,860 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €107,915 | €393,775 | +€285,860 | +265% |
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 23 October 2026 via checked.be.