LECEO-IT: 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.
LECEO-IT
Largest movements
- Tangible fixed assets +€66,659
up €66,659 (+1221.6%), from €5,457 to €72,116
of which Furniture and vehicles: +€67,622
- Cash -€47,545
down €47,545 (-58.4%), from €81,401 to €33,856
mainly Contributions, distributions and other (-€111,023) and Investment in fixed assets (net) (-€74,710)
- Receivables within one year +€3,840
up €3,840 (+31.6%), from €12,134 to €15,973
of which Trade receivables: +€3,157
- Stocks and contracts +€2,546
up €2,546 (+5.8%), from €44,256 to €46,802
- Reserves -€57,624
down €57,624 (-96.9%), from €59,484 to €1,860
of which Distributable reserves: -€57,624
- Other debts +€54,521
up €54,521 (+105.8%), from €51,518 to €106,038
- Debts after one year +€30,540
new in 2025: €30,540
- Trade debts -€3,116
down €3,116 (-45.1%), from €6,913 to €3,797
- Current portion of long-term debt +€2,697
up €2,697 (+58.9%), from €4,577 to €7,274
- Gross operating margin +€5,648
up €5,648 (+7.6%), from €74,026 to €79,674
- Depreciation -€1,244
down €1,244 (-13.4%), from €9,295 to €8,051
- Taxes +€1,110
up €1,110 (+8.3%), from €13,400 to €14,511
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 | €143,630 | €170,182 | +€26,552 | +18.5% |
| Fixed assets | 21/28 | €5,457 | €72,116 | +€66,659 | +1221.6% |
| Tangible fixed assets | 22/27 | €5,457 | €72,116 | +€66,659 | +1221.6% |
| Plant, machinery and equipment | 23 | €1,089 | €126 | -€963 | -88.4% |
| Furniture and vehicles | 24 | €4,368 | €71,990 | +€67,622 | +1548.2% |
| Current assets | 29/58 | €138,173 | €98,065 | -€40,107 | -29.0% |
| Stocks and contracts in progress | 3 | €44,256 | €46,802 | +€2,546 | +5.8% |
| Stocks | 30/36 | €44,256 | €46,802 | +€2,546 | +5.8% |
| Amounts receivable within one year | 40/41 | €12,134 | €15,973 | +€3,840 | +31.6% |
| Trade receivables | 40 | €9,534 | €12,691 | +€3,157 | +33.1% |
| Other amounts receivable | 41 | €2,600 | €3,282 | +€683 | +26.3% |
| Cash at bank and in hand | 54/58 | €81,401 | €33,856 | -€47,545 | -58.4% |
| Deferred charges and accrued income | 490/1 | €382 | €1,435 | +€1,052 | +275.2% |
| Total equity and liabilities | 10/49 | €143,630 | €170,182 | +€26,552 | +18.5% |
| Equity | 10/15 | €78,084 | €20,460 | -€57,624 | -73.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,484 | €1,860 | -€57,624 | -96.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,624 | - | -€57,624 | |
| Amounts payable | 17/49 | €65,546 | €149,722 | +€84,176 | +128.4% |
| Amounts payable after more than one year | 17 | - | €30,540 | +€30,540 | |
| Financial debts | 170/4 | - | €30,540 | +€30,540 | |
| Amounts payable within one year | 42/48 | €65,546 | €119,182 | +€53,636 | +81.8% |
| Current portion of amounts payable after more than one year | 42 | €4,577 | €7,274 | +€2,697 | +58.9% |
| Trade debts | 44 | €6,913 | €3,797 | -€3,116 | -45.1% |
| Suppliers | 440/4 | €6,913 | €3,797 | -€3,116 | -45.1% |
| Taxes, remuneration and social security | 45 | €2,538 | €2,072 | -€466 | -18.4% |
| Taxes | 450/3 | €337 | - | -€337 | |
| Remuneration and social security | 454/9 | €2,201 | €2,072 | -€129 | -5.9% |
| Other amounts payable | 47/48 | €51,518 | €106,038 | +€54,521 | +105.8% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,295 | €8,051 | -€1,244 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,329 | €2,586 | +€257 | +11.0% |
| Other operating charges | 640/8 | €1,026 | €503 | -€524 | -51.0% |
| Gross operating margin | 9900 | €74,026 | €79,674 | +€5,648 | +7.6% |
| Operating profit (loss) | 9901 | €61,376 | €68,535 | +€7,159 | +11.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -57.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -57.1% |
| Financial charges | 65/66B | €352 | €625 | +€273 | +77.7% |
| Recurring financial charges | 65 | €352 | €625 | +€273 | +77.7% |
| Profit (loss) for the period before taxes | 9903 | €61,024 | €67,910 | +€6,886 | +11.3% |
| Income taxes | 67/77 | €13,400 | €14,511 | +€1,110 | +8.3% |
| Profit (loss) for the period | 9904 | €47,624 | €53,399 | +€5,775 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,624 | €53,399 | +€5,775 | +12.1% |
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 1 October 2026 via checked.be.