LeCinq: 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.
LeCinq
Largest movements
- Financial fixed assets +€330,000
new in 2025: €330,000
- Receivables within one year +€167,475
up €167,475 (+271%), from €61,793 to €229,267
of which Trade receivables: +€214,975
- Cash -€160,444
down €160,444 (-78.9%), from €203,395 to €42,951
mainly Investment in fixed assets (net) (-€408,362) and Receivables within one year (-€167,475)
- Tangible fixed assets +€71,408
new in 2025: €71,408
- Reserves +€287,685
up €287,685 (+117%), from €246,145 to €533,830
- Other debts +€75,206
new in 2025: €75,206
- Trade debts +€39,846
up €39,846, from €0 to €39,846
- Tax, wage and social debts +€7,787
up €7,787 (+54.1%), from €14,402 to €22,190
- Gross operating margin +€337,502
up €337,502 (+560%), from €60,297 to €397,799
- Taxes +€82,814
up €82,814 (+688%), from €12,030 to €94,844
- Other operating charges +€8,248
up €8,248 (+1,632%), from €505 to €8,754
- Depreciation +€6,954
new in 2025: €6,954
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 | €265,590 | €676,389 | +€410,799 | +155% |
| Fixed assets | 21/28 | - | €401,408 | +€401,408 | |
| Tangible fixed assets | 22/27 | - | €71,408 | +€71,408 | |
| Furniture and vehicles | 24 | - | €71,408 | +€71,408 | |
| Financial fixed assets | 28 | - | €330,000 | +€330,000 | |
| Current assets | 29/58 | €265,590 | €274,981 | +€9,391 | +3.5% |
| Amounts receivable within one year | 40/41 | €61,793 | €229,267 | +€167,475 | +271% |
| Trade receivables | 40 | €13,823 | €228,798 | +€214,975 | +1,555% |
| Other amounts receivable | 41 | €47,970 | €470 | -€47,500 | -99.0% |
| Cash at bank and in hand | 54/58 | €203,395 | €42,951 | -€160,444 | -78.9% |
| Deferred charges and accrued income | 490/1 | €402 | €2,763 | +€2,361 | +588% |
| Total equity and liabilities | 10/49 | €265,590 | €676,389 | +€410,799 | +155% |
| Equity | 10/15 | €251,145 | €538,830 | +€287,685 | +115% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €246,145 | €533,830 | +€287,685 | +117% |
| Distributable reserves | 133 | €246,145 | €533,830 | +€287,685 | +117% |
| Amounts payable | 17/49 | €14,444 | €137,559 | +€123,115 | +852% |
| Amounts payable within one year | 42/48 | €14,402 | €137,241 | +€122,839 | +853% |
| Trade debts | 44 | €0 | €39,846 | +€39,846 | |
| Suppliers | 440/4 | €0 | €39,846 | +€39,846 | |
| Taxes, remuneration and social security | 45 | €14,402 | €22,190 | +€7,787 | +54.1% |
| Taxes | 450/3 | €14,402 | €22,190 | +€7,787 | +54.1% |
| Other amounts payable | 47/48 | - | €75,206 | +€75,206 | |
| Accrued charges and deferred income | 492/3 | €42 | €318 | +€276 | +657% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,954 | +€6,954 | |
| Other operating charges | 640/8 | €505 | €8,754 | +€8,248 | +1,632% |
| Gross operating margin | 9900 | €60,297 | €397,799 | +€337,502 | +560% |
| Operating profit (loss) | 9901 | €59,791 | €382,092 | +€322,300 | +539% |
| Financial income | 75/76B | €402 | €800 | +€399 | +99.2% |
| Recurring financial income | 75 | €402 | €800 | +€399 | +99.2% |
| Financial charges | 65/66B | €42 | €363 | +€321 | +764% |
| Recurring financial charges | 65 | €42 | €363 | +€321 | +764% |
| Profit (loss) for the period before taxes | 9903 | €60,151 | €382,529 | +€322,378 | +536% |
| Income taxes | 67/77 | €12,030 | €94,844 | +€82,814 | +688% |
| Profit (loss) for the period | 9904 | €48,121 | €287,685 | +€239,564 | +498% |
| Profit (loss) for the period to be appropriated | 9905 | €48,121 | €287,685 | +€239,564 | +498% |
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 14 October 2026 via checked.be.