LECLIN: 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.
LECLIN
Largest movements
- Tangible fixed assets -€258,379
down €258,379 (-4.6%), from €5.6m to €5.4m
- Receivables within one year +€236,645
up €236,645 (+194.0%), from €121,991 to €358,636
of which Trade receivables: +€217,500
- Current investments -€75,000
down €75,000 (-5.9%), from €1.3m to €1.2m
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€538,411
up €538,411 (+204.2%), from €263,718 to €802,129
- Taxes -€114,650
no longer reported in 2025 (was €114,650)
- Gross operating margin +€29,147
up €29,147 (+3.6%), from €804,675 to €833,822
- Financial income +€24,439
up €24,439 (+69.0%), from €35,402 to €59,841
of which Non-recurring financial income: +€31,515
- Financial charges -€12,624
down €12,624 (-19.2%), from €65,823 to €53,199
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 | €7,074,617 | €6,984,243 | -€90,374 | -1.3% |
| Fixed assets | 21/28 | €5,626,240 | €5,367,861 | -€258,379 | -4.6% |
| Tangible fixed assets | 22/27 | €5,626,240 | €5,367,861 | -€258,379 | -4.6% |
| Land and buildings | 22 | €5,626,240 | €5,367,861 | -€258,379 | -4.6% |
| Current assets | 29/58 | €1,448,377 | €1,616,381 | +€168,004 | +11.6% |
| Amounts receivable within one year | 40/41 | €121,991 | €358,636 | +€236,645 | +194.0% |
| Trade receivables | 40 | - | €217,500 | +€217,500 | |
| Other amounts receivable | 41 | €121,991 | €141,136 | +€19,145 | +15.7% |
| Current investments | 50/53 | €1,275,000 | €1,200,000 | -€75,000 | -5.9% |
| Cash at bank and in hand | 54/58 | €44,070 | €45,809 | +€1,739 | +3.9% |
| Deferred charges and accrued income | 490/1 | €7,317 | €11,937 | +€4,620 | +63.1% |
| Total equity and liabilities | 10/49 | €7,074,617 | €6,984,243 | -€90,374 | -1.3% |
| Equity | 10/15 | €6,025,491 | €5,979,079 | -€46,412 | -0.8% |
| Contributions | 10/11 | €219,485 | €219,485 | = | 0.0% |
| Capital | 10 | €219,485 | €219,485 | = | 0.0% |
| Issued capital | 100 | €219,485 | €219,485 | = | 0.0% |
| Reserves | 13 | €876,374 | €855,382 | -€20,992 | -2.4% |
| Non-distributable reserves | 130/1 | €21,948 | €21,948 | = | 0.0% |
| Legal reserve | 130 | €21,948 | €21,948 | = | 0.0% |
| Tax-exempt reserves | 132 | €358,635 | €337,643 | -€20,992 | -5.9% |
| Distributable reserves | 133 | €495,790 | €495,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,929,632 | €4,904,213 | -€25,420 | -0.5% |
| Provisions and deferred taxes | 16 | €119,545 | €112,548 | -€6,997 | -5.9% |
| Deferred taxes | 168 | €119,545 | €112,548 | -€6,997 | -5.9% |
| Amounts payable | 17/49 | €929,581 | €892,616 | -€36,965 | -4.0% |
| Amounts payable within one year | 42/48 | €863,805 | €839,590 | -€24,214 | -2.8% |
| Trade debts | 44 | €59,530 | €3,390 | -€56,139 | -94.3% |
| Suppliers | 440/4 | €59,530 | €3,390 | -€56,139 | -94.3% |
| Taxes, remuneration and social security | 45 | €18,353 | €4,235 | -€14,119 | -76.9% |
| Taxes | 450/3 | €10,913 | €1,768 | -€9,145 | -83.8% |
| Remuneration and social security | 454/9 | €7,440 | €2,466 | -€4,974 | -66.9% |
| Other amounts payable | 47/48 | €785,922 | €831,965 | +€46,043 | +5.9% |
| Accrued charges and deferred income | 492/3 | €65,776 | €53,025 | -€12,751 | -19.4% |
| Non-recurring operating income | 76A | - | €9,183 | +€9,183 | |
| Remuneration, social security and pensions | 62 | €34,395 | €36,779 | +€2,384 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263,718 | €802,129 | +€538,411 | +204.2% |
| Other operating charges | 640/8 | €51,145 | €54,965 | +€3,820 | +7.5% |
| Gross operating margin | 9900 | €804,675 | €833,822 | +€29,147 | +3.6% |
| Operating profit (loss) | 9901 | €455,418 | -€60,051 | -€515,468 | |
| Financial income | 75/76B | €35,402 | €59,841 | +€24,439 | +69.0% |
| Recurring financial income | 75 | €35,402 | €28,326 | -€7,075 | -20.0% |
| Non-recurring financial income | 76B | - | €31,515 | +€31,515 | |
| Financial charges | 65/66B | €65,823 | €53,199 | -€12,624 | -19.2% |
| Recurring financial charges | 65 | €65,823 | €53,199 | -€12,624 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €424,996 | -€53,409 | -€478,405 | |
| Transfer from deferred taxes | 780 | €6,997 | €6,997 | = | 0.0% |
| Income taxes | 67/77 | €114,650 | - | -€114,650 | |
| Profit (loss) for the period | 9904 | €317,344 | -€46,412 | -€363,755 | |
| Transfer from tax-exempt reserves | 789 | €20,992 | €20,992 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €338,336 | -€25,420 | -€363,755 |
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 6 October 2026 via checked.be.