LECLERCQ PHILIPPE: 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 PHILIPPE
Largest movements
- Cash +€21,521
up €21,521 (+776%), from €2,774 to €24,295
mainly Depreciation (+€19,850) and Trade debts (+€16,134)
- Receivables within one year +€14,217
up €14,217 (+7.5%), from €190,264 to €204,481
of which Trade receivables: +€21,173
- Tangible fixed assets -€13,746
down €13,746 (-20.2%), from €68,200 to €54,454
of which Furniture and vehicles: -€13,237
- Trade debts +€16,134
up €16,134 (+15.7%), from €102,913 to €119,047
- Profit (loss) carried forward +€13,622
up €13,622 (+18.1%), from €75,347 to €88,969
- Accrued charges and deferred income -€5,225
no longer reported in 2025 (was €5,225)
- Gross operating margin +€30,177
up €30,177 (+443%), from €6,816 to €36,993
- Taxes +€2,158
new in 2025: €2,158
- Financial charges +€465
up €465 (+94.1%), from €494 to €958
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 | €264,479 | €286,387 | +€21,907 | +8.3% |
| Fixed assets | 21/28 | €71,356 | €57,610 | -€13,746 | -19.3% |
| Tangible fixed assets | 22/27 | €68,200 | €54,454 | -€13,746 | -20.2% |
| Plant, machinery and equipment | 23 | €980 | €471 | -€509 | -51.9% |
| Furniture and vehicles | 24 | €67,220 | €53,983 | -€13,237 | -19.7% |
| Financial fixed assets | 28 | €3,156 | €3,156 | = | 0.0% |
| Current assets | 29/58 | €193,123 | €228,776 | +€35,653 | +18.5% |
| Amounts receivable within one year | 40/41 | €190,264 | €204,481 | +€14,217 | +7.5% |
| Trade receivables | 40 | €144,704 | €165,878 | +€21,173 | +14.6% |
| Other amounts receivable | 41 | €45,560 | €38,604 | -€6,956 | -15.3% |
| Cash at bank and in hand | 54/58 | €2,774 | €24,295 | +€21,521 | +776% |
| Deferred charges and accrued income | 490/1 | €85 | - | -€85 | |
| Total equity and liabilities | 10/49 | €264,479 | €286,387 | +€21,907 | +8.3% |
| Equity | 10/15 | €95,807 | €109,429 | +€13,622 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,347 | €88,969 | +€13,622 | +18.1% |
| Amounts payable | 17/49 | €168,673 | €176,958 | +€8,285 | +4.9% |
| Amounts payable within one year | 42/48 | €163,448 | €176,958 | +€13,510 | +8.3% |
| Financial debts | 43 | €2,085 | - | -€2,085 | |
| Credit institutions | 430/8 | €2,085 | - | -€2,085 | |
| Trade debts | 44 | €102,913 | €119,047 | +€16,134 | +15.7% |
| Suppliers | 440/4 | €102,913 | €119,047 | +€16,134 | +15.7% |
| Taxes, remuneration and social security | 45 | €1,863 | €2,152 | +€289 | +15.5% |
| Taxes | 450/3 | €1,863 | €2,152 | +€289 | +15.5% |
| Other amounts payable | 47/48 | €56,586 | €55,759 | -€827 | -1.5% |
| Accrued charges and deferred income | 492/3 | €5,225 | - | -€5,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,491 | €19,850 | +€358 | +1.8% |
| Other operating charges | 640/8 | €211 | €413 | +€202 | +95.7% |
| Gross operating margin | 9900 | €6,816 | €36,993 | +€30,177 | +443% |
| Operating profit (loss) | 9901 | -€12,887 | €16,730 | +€29,617 | |
| Financial income | 75/76B | €37 | €8 | -€28 | -77.6% |
| Recurring financial income | 75 | €37 | €8 | -€28 | -77.6% |
| Financial charges | 65/66B | €494 | €958 | +€465 | +94.1% |
| Recurring financial charges | 65 | €494 | €958 | +€465 | +94.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,344 | €15,780 | +€29,124 | |
| Income taxes | 67/77 | - | €2,158 | +€2,158 | |
| Profit (loss) for the period | 9904 | -€13,344 | €13,622 | +€26,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,344 | €13,622 | +€26,966 |
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 17 October 2026 via checked.be.