LECLERCQ HOLDING: 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.
LECLERCQ HOLDING
Largest movements
- Receivables within one year +€54,100
up €54,100 (+96.2%), from €56,225 to €110,325
of which Other amounts receivable: +€72,016
- Short-term financial debts -€641,888
no longer reported in 2025 (was €641,888)
- Debts after one year +€616,302
up €616,302 (+38.3%), from €1.6m to €2.2m
of which Financial debts: +€616,302
- Current portion of long-term debt +€82,260
up €82,260 (+149%), from €55,316 to €137,577
- Financial charges +€73,421
up €73,421 (+303%), from €24,223 to €97,644
- Financial income +€47,368
up €47,368 (+110%), from €43,000 to €90,368
- Gross operating margin +€32,200
up €32,200 (+28.7%), from €112,291 to €144,490
- Staff costs -€8,221
down €8,221 (-8.7%), from €94,775 to €86,554
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 | €3,403,571 | €3,461,118 | +€57,547 | +1.7% |
| Fixed assets | 21/28 | €3,345,885 | €3,338,660 | -€7,225 | -0.2% |
| Tangible fixed assets | 22/27 | €28,070 | €20,845 | -€7,225 | -25.7% |
| Furniture and vehicles | 24 | €28,070 | €20,845 | -€7,225 | -25.7% |
| Financial fixed assets | 28 | €3,317,815 | €3,317,815 | = | 0.0% |
| Current assets | 29/58 | €57,686 | €122,458 | +€64,772 | +112% |
| Amounts receivable within one year | 40/41 | €56,225 | €110,325 | +€54,100 | +96.2% |
| Trade receivables | 40 | €56,225 | €38,309 | -€17,916 | -31.9% |
| Other amounts receivable | 41 | - | €72,016 | +€72,016 | |
| Cash at bank and in hand | 54/58 | - | €10,581 | +€10,581 | |
| Deferred charges and accrued income | 490/1 | €1,461 | €1,552 | +€91 | +6.2% |
| Total equity and liabilities | 10/49 | €3,403,571 | €3,461,118 | +€57,547 | +1.7% |
| Equity | 10/15 | €947,679 | €923,964 | -€23,715 | -2.5% |
| Contributions | 10/11 | €923,000 | €923,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,679 | €964 | -€23,715 | -96.1% |
| Amounts payable | 17/49 | €2,455,892 | €2,537,154 | +€81,262 | +3.3% |
| Amounts payable after more than one year | 17 | €1,609,863 | €2,226,165 | +€616,302 | +38.3% |
| Financial debts | 170/4 | €1,309,843 | €1,926,145 | +€616,302 | +47.1% |
| Other amounts payable | 178/9 | €300,020 | €300,020 | = | 0.0% |
| Amounts payable within one year | 42/48 | €844,717 | €295,335 | -€549,381 | -65.0% |
| Current portion of amounts payable after more than one year | 42 | €55,316 | €137,577 | +€82,260 | +149% |
| Financial debts | 43 | €641,888 | - | -€641,888 | |
| Credit institutions | 430/8 | €641,888 | - | -€641,888 | |
| Trade debts | 44 | €15,906 | €11,287 | -€4,620 | -29.0% |
| Suppliers | 440/4 | €15,906 | €11,287 | -€4,620 | -29.0% |
| Taxes, remuneration and social security | 45 | €24,111 | €35,508 | +€11,397 | +47.3% |
| Taxes | 450/3 | €7,287 | €22,518 | +€15,232 | +209% |
| Remuneration and social security | 454/9 | €16,825 | €12,990 | -€3,834 | -22.8% |
| Other amounts payable | 47/48 | €107,495 | €110,964 | +€3,469 | +3.2% |
| Accrued charges and deferred income | 492/3 | €1,313 | €15,654 | +€14,342 | +1,093% |
| Remuneration, social security and pensions | 62 | €94,775 | €86,554 | -€8,221 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,054 | €7,225 | -€829 | -10.3% |
| Other operating charges | 640/8 | €3,140 | €1,767 | -€1,373 | -43.7% |
| Gross operating margin | 9900 | €112,291 | €144,490 | +€32,200 | +28.7% |
| Operating profit (loss) | 9901 | €6,322 | €48,945 | +€42,623 | +674% |
| Financial income | 75/76B | €43,000 | €90,368 | +€47,368 | +110% |
| Recurring financial income | 75 | €43,000 | €90,368 | +€47,368 | +110% |
| Financial charges | 65/66B | €24,223 | €97,644 | +€73,421 | +303% |
| Recurring financial charges | 65 | €24,223 | €97,644 | +€73,421 | +303% |
| Profit (loss) for the period before taxes | 9903 | €25,099 | €41,668 | +€16,569 | +66.0% |
| Income taxes | 67/77 | €420 | €384 | -€36 | -8.6% |
| Profit (loss) for the period | 9904 | €24,679 | €41,285 | +€16,605 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,679 | €41,285 | +€16,605 | +67.3% |
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 22 October 2026 via checked.be.