LECLERCQ STEPHANE: 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 STEPHANE
Largest movements
- Tangible fixed assets +€52,383
up €52,383 (+17,631%), from €297 to €52,680
of which Furniture and vehicles: +€52,555
- Receivables within one year +€10,933
up €10,933 (+86.8%), from €12,598 to €23,531
of which Other amounts receivable: +€6,772
- Deferred charges and accrued income +€2,604
up €2,604 (+455%), from €573 to €3,176
- Other debts +€22,017
new in 2025: €22,017
- Debts after one year +€16,804
new in 2025: €16,804
- Reserves +€12,500
up €12,500 (+105%), from €11,860 to €24,360
of which Distributable reserves: +€12,500
- Profit (loss) carried forward +€6,702
up €6,702, from -€3,901 to €2,801
- Current portion of long-term debt +€3,879
new in 2025: €3,879
- Gross operating margin +€36,036
up €36,036, from -€3,148 to €32,888
- Taxes +€8,355
new in 2025: €8,355
- Depreciation +€1,454
up €1,454 (+465%), from €313 to €1,767
- Other operating charges -€764
down €764 (-43.0%), from €1,775 to €1,011
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 | €22,417 | €88,130 | +€65,713 | +293% |
| Fixed assets | 21/28 | €647 | €53,030 | +€52,383 | +8,095% |
| Tangible fixed assets | 22/27 | €297 | €52,680 | +€52,383 | +17,631% |
| Plant, machinery and equipment | 23 | €297 | €125 | -€172 | -57.9% |
| Furniture and vehicles | 24 | €0 | €52,555 | +€52,555 | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €21,770 | €35,099 | +€13,330 | +61.2% |
| Stocks and contracts in progress | 3 | €3,614 | €4,136 | +€522 | +14.4% |
| Stocks | 30/36 | €3,614 | €4,136 | +€522 | +14.4% |
| Amounts receivable within one year | 40/41 | €12,598 | €23,531 | +€10,933 | +86.8% |
| Trade receivables | 40 | €11,265 | €15,427 | +€4,162 | +36.9% |
| Other amounts receivable | 41 | €1,333 | €8,105 | +€6,772 | +508% |
| Cash at bank and in hand | 54/58 | €4,985 | €4,256 | -€729 | -14.6% |
| Deferred charges and accrued income | 490/1 | €573 | €3,176 | +€2,604 | +455% |
| Total equity and liabilities | 10/49 | €22,417 | €88,130 | +€65,713 | +293% |
| Equity | 10/15 | €21,159 | €40,361 | +€19,202 | +90.7% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €11,860 | €24,360 | +€12,500 | +105% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €22,500 | +€12,500 | +125% |
| Profit (loss) carried forward | 14 | -€3,901 | €2,801 | +€6,702 | |
| Amounts payable | 17/49 | €1,257 | €47,769 | +€46,511 | +3,699% |
| Amounts payable after more than one year | 17 | - | €16,804 | +€16,804 | |
| Financial debts | 170/4 | - | €16,804 | +€16,804 | |
| Amounts payable within one year | 42/48 | €1,257 | €30,965 | +€29,708 | +2,363% |
| Current portion of amounts payable after more than one year | 42 | - | €3,879 | +€3,879 | |
| Trade debts | 44 | €1,257 | €1,574 | +€317 | +25.2% |
| Suppliers | 440/4 | €1,257 | €1,574 | +€317 | +25.2% |
| Taxes, remuneration and social security | 45 | - | €3,495 | +€3,495 | |
| Taxes | 450/3 | - | €3,495 | +€3,495 | |
| Other amounts payable | 47/48 | - | €22,017 | +€22,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €1,767 | +€1,454 | +465% |
| Other operating charges | 640/8 | €1,775 | €1,011 | -€764 | -43.0% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | -€3,148 | €32,888 | +€36,036 | |
| Operating profit (loss) | 9901 | -€5,236 | €30,110 | +€35,346 | |
| Financial income | 75/76B | €597 | €436 | -€161 | -27.0% |
| Recurring financial income | 75 | €597 | €436 | -€161 | -27.0% |
| Financial charges | 65/66B | €227 | €490 | +€263 | +116% |
| Recurring financial charges | 65 | €227 | €490 | +€263 | +116% |
| Profit (loss) for the period before taxes | 9903 | -€4,866 | €30,056 | +€34,922 | |
| Income taxes | 67/77 | - | €8,355 | +€8,355 | |
| Profit (loss) for the period | 9904 | -€4,866 | €21,702 | +€26,567 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,866 | €21,702 | +€26,567 |
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.