LECLAIR: 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.
LECLAIR
Largest movements
- Tangible fixed assets -€220,709
down €220,709 (-5.7%), from €3.9m to €3.7m
of which Land and buildings: -€164,004
- Current investments -€200,000
down €200,000 (-12.5%), from €1.6m to €1.4m
- Cash +€195,199
up €195,199 (+248.6%), from €78,525 to €273,724
mainly Depreciation (+€220,709) and Current investments (+€200,000)
- Profit (loss) carried forward -€208,324
down €208,324 (-33.0%), from -€631,008 to -€839,331
- Depreciation +€12,142
up €12,142 (+5.8%), from €208,566 to €220,709
- Financial income -€7,456
down €7,456 (-51.1%), from €14,598 to €7,142
- Gross operating margin -€6,702
down €6,702 (-18.5%), from €36,245 to €29,543
- Financial charges -€2,389
down €2,389 (-24.1%), from €9,917 to €7,529
- Other operating charges +€490
up €490 (+3.1%), from €15,733 to €16,223
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 | €5,589,136 | €5,362,266 | -€226,870 | -4.1% |
| Fixed assets | 21/28 | €3,895,161 | €3,674,452 | -€220,709 | -5.7% |
| Tangible fixed assets | 22/27 | €3,895,161 | €3,674,452 | -€220,709 | -5.7% |
| Land and buildings | 22 | €3,710,441 | €3,546,437 | -€164,004 | -4.4% |
| Plant, machinery and equipment | 23 | €3,783 | €1,510 | -€2,274 | -60.1% |
| Furniture and vehicles | 24 | €180,936 | €126,506 | -€54,431 | -30.1% |
| Current assets | 29/58 | €1,693,976 | €1,687,814 | -€6,162 | -0.4% |
| Amounts receivable within one year | 40/41 | €7,452 | €6,062 | -€1,390 | -18.7% |
| Other amounts receivable | 41 | €7,452 | €6,062 | -€1,390 | -18.7% |
| Current investments | 50/53 | €1,602,863 | €1,402,863 | -€200,000 | -12.5% |
| Cash at bank and in hand | 54/58 | €78,525 | €273,724 | +€195,199 | +248.6% |
| Deferred charges and accrued income | 490/1 | €5,136 | €5,165 | +€29 | +0.6% |
| Total equity and liabilities | 10/49 | €5,589,136 | €5,362,266 | -€226,870 | -4.1% |
| Equity | 10/15 | €5,468,992 | €5,260,669 | -€208,324 | -3.8% |
| Contributions | 10/11 | €6,100,000 | €6,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€631,008 | -€839,331 | -€208,324 | -33.0% |
| Amounts payable | 17/49 | €120,144 | €101,597 | -€18,547 | -15.4% |
| Amounts payable after more than one year | 17 | €110,000 | €92,000 | -€18,000 | -16.4% |
| Financial debts | 170/4 | €110,000 | €92,000 | -€18,000 | -16.4% |
| Amounts payable within one year | 42/48 | €10,144 | €9,597 | -€547 | -5.4% |
| Trade debts | 44 | €1,830 | €1,975 | +€145 | +7.9% |
| Suppliers | 440/4 | €1,830 | €1,975 | +€145 | +7.9% |
| Other amounts payable | 47/48 | €8,314 | €7,622 | -€691 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,566 | €220,709 | +€12,142 | +5.8% |
| Other operating charges | 640/8 | €15,733 | €16,223 | +€490 | +3.1% |
| Gross operating margin | 9900 | €36,245 | €29,543 | -€6,702 | -18.5% |
| Operating profit (loss) | 9901 | -€188,055 | -€207,389 | -€19,334 | -10.3% |
| Financial income | 75/76B | €14,598 | €7,142 | -€7,456 | -51.1% |
| Recurring financial income | 75 | €14,598 | €7,142 | -€7,456 | -51.1% |
| Financial charges | 65/66B | €9,917 | €7,529 | -€2,389 | -24.1% |
| Recurring financial charges | 65 | €9,917 | €7,529 | -€2,389 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€183,375 | -€207,776 | -€24,402 | -13.3% |
| Income taxes | 67/77 | €547 | €547 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€183,922 | -€208,324 | -€24,402 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€183,922 | -€208,324 | -€24,402 | -13.3% |
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 8 October 2026 via checked.be.