LECHEM: 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.
LECHEM
Largest movements
- Tangible fixed assets +€405,511
up €405,511 (+1,074%), from €37,773 to €443,284
of which Land and buildings: +€382,842
- Receivables within one year -€137,364
down €137,364 (-68.6%), from €200,309 to €62,945
of which Trade receivables: -€141,842
- Cash -€71,356
down €71,356 (-71.1%), from €100,353 to €28,997
mainly Investment in fixed assets (net) (-€435,000) and Other debts (-€155,000)
- Debts after one year +€394,456
up €394,456 (+8,150%), from €4,840 to €399,296
of which Financial debts: +€394,456
- Other debts -€155,000
down €155,000 (-65.4%), from €236,978 to €81,978
- Trade debts -€65,071
down €65,071 (-86.4%), from €75,325 to €10,254
- Current portion of long-term debt +€26,387
new in 2025: €26,387
- Profit (loss) carried forward +€5,584
up €5,584 (+8.7%), from -€63,944 to -€58,360
- Gross operating margin +€31,250
up €31,250 (+68.8%), from €45,452 to €76,702
- Other operating charges +€22,476
up €22,476 (+790%), from €2,846 to €25,322
- Depreciation +€17,579
up €17,579 (+148%), from €11,910 to €29,489
- Financial charges +€12,866
up €12,866 (+2,174%), from €592 to €13,458
- Taxes -€2,149
down €2,149 (-43.0%), from €5,000 to €2,851
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 | €338,711 | €538,159 | +€199,447 | +58.9% |
| Fixed assets | 21/28 | €37,773 | €443,284 | +€405,511 | +1,074% |
| Tangible fixed assets | 22/27 | €37,773 | €443,284 | +€405,511 | +1,074% |
| Land and buildings | 22 | €30,894 | €413,736 | +€382,842 | +1,239% |
| Plant, machinery and equipment | 23 | €6,879 | €0 | -€6,879 | -100% |
| Furniture and vehicles | 24 | - | €29,548 | +€29,548 | |
| Current assets | 29/58 | €300,938 | €94,875 | -€206,064 | -68.5% |
| Amounts receivable within one year | 40/41 | €200,309 | €62,945 | -€137,364 | -68.6% |
| Trade receivables | 40 | €196,133 | €54,291 | -€141,842 | -72.3% |
| Other amounts receivable | 41 | €4,175 | €8,654 | +€4,479 | +107% |
| Cash at bank and in hand | 54/58 | €100,353 | €28,997 | -€71,356 | -71.1% |
| Deferred charges and accrued income | 490/1 | €277 | €2,933 | +€2,656 | +960% |
| Total equity and liabilities | 10/49 | €338,711 | €538,159 | +€199,447 | +58.9% |
| Equity | 10/15 | €12,209 | €17,793 | +€5,584 | +45.7% |
| Contributions | 10/11 | €75,657 | €75,657 | = | 0.0% |
| Reserves | 13 | €496 | €496 | = | 0.0% |
| Distributable reserves | 133 | €496 | €496 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,944 | -€58,360 | +€5,584 | +8.7% |
| Amounts payable | 17/49 | €326,502 | €520,365 | +€193,863 | +59.4% |
| Amounts payable after more than one year | 17 | €4,840 | €399,296 | +€394,456 | +8,150% |
| Financial debts | 170/4 | - | €394,456 | +€394,456 | |
| Other amounts payable | 178/9 | €4,840 | €4,840 | = | 0.0% |
| Amounts payable within one year | 42/48 | €317,303 | €121,069 | -€196,234 | -61.8% |
| Current portion of amounts payable after more than one year | 42 | - | €26,387 | +€26,387 | |
| Trade debts | 44 | €75,325 | €10,254 | -€65,071 | -86.4% |
| Suppliers | 440/4 | €75,325 | €10,254 | -€65,071 | -86.4% |
| Taxes, remuneration and social security | 45 | €5,000 | €2,450 | -€2,550 | -51.0% |
| Taxes | 450/3 | €5,000 | €2,450 | -€2,550 | -51.0% |
| Other amounts payable | 47/48 | €236,978 | €81,978 | -€155,000 | -65.4% |
| Accrued charges and deferred income | 492/3 | €4,359 | €0 | -€4,359 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,910 | €29,489 | +€17,579 | +148% |
| Other operating charges | 640/8 | €2,846 | €25,322 | +€22,476 | +790% |
| Gross operating margin | 9900 | €45,452 | €76,702 | +€31,250 | +68.8% |
| Operating profit (loss) | 9901 | €30,697 | €21,892 | -€8,805 | -28.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +8,700% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +8,700% |
| Financial charges | 65/66B | €592 | €13,458 | +€12,866 | +2,174% |
| Recurring financial charges | 65 | €592 | €13,458 | +€12,866 | +2,174% |
| Profit (loss) for the period before taxes | 9903 | €30,105 | €8,435 | -€21,670 | -72.0% |
| Income taxes | 67/77 | €5,000 | €2,851 | -€2,149 | -43.0% |
| Profit (loss) for the period | 9904 | €25,105 | €5,584 | -€19,521 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,105 | €5,584 | -€19,521 | -77.8% |
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 20 October 2026 via checked.be.