LECLOF: 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.
LECLOF
Largest movements
- Cash -€188,299
no longer reported in 2025 (was €188,299)
mainly Contributions, distributions and other (-€188,733) and Current investments (-€58,883)
- Current investments +€58,883
new in 2025: €58,883
- Tangible fixed assets -€10,010
down €10,010 (-3.5%), from €286,657 to €276,647
of which Land and buildings: -€7,523
- Reserves -€137,340
down €137,340 (-29.4%), from €466,748 to €329,408
- Turnover +€3,686
up €3,686 (+2.7%), from €134,381 to €138,067
- Gross operating margin +€2,870
up €2,870 (+3.5%), from €81,158 to €84,028
- Financial income +€1,954
up €1,954 (+424%), from €461 to €2,415
- Taxes -€1,950
down €1,950 (-9.9%), from €19,703 to €17,752
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 | €474,956 | €335,530 | -€139,426 | -29.4% |
| Fixed assets | 21/28 | €286,657 | €276,647 | -€10,010 | -3.5% |
| Tangible fixed assets | 22/27 | €286,657 | €276,647 | -€10,010 | -3.5% |
| Land and buildings | 22 | €272,677 | €265,154 | -€7,523 | -2.8% |
| Plant, machinery and equipment | 23 | €2,232 | €2,081 | -€152 | -6.8% |
| Furniture and vehicles | 24 | €6,880 | €5,573 | -€1,308 | -19.0% |
| Leasing and similar rights | 25 | €4,867 | €3,839 | -€1,028 | -21.1% |
| Current assets | 29/58 | €188,299 | €58,883 | -€129,416 | -68.7% |
| Current investments | 50/53 | - | €58,883 | +€58,883 | |
| Cash at bank and in hand | 54/58 | €188,299 | - | -€188,299 | |
| Total equity and liabilities | 10/49 | €474,956 | €335,530 | -€139,426 | -29.4% |
| Equity | 10/15 | €468,608 | €331,268 | -€137,340 | -29.3% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €466,748 | €329,408 | -€137,340 | -29.4% |
| Distributable reserves | 133 | €466,748 | €329,408 | -€137,340 | -29.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,348 | €4,261 | -€2,086 | -32.9% |
| Amounts payable after more than one year | 17 | €64 | €234 | +€170 | +266% |
| Financial debts | 170/4 | - | €170 | +€170 | |
| Trade debts | 175 | €64 | €64 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,284 | €4,028 | -€2,256 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €170 | - | -€170 | |
| Taxes, remuneration and social security | 45 | €6,114 | €4,028 | -€2,086 | -34.1% |
| Taxes | 450/3 | €6,114 | €4,028 | -€2,086 | -34.1% |
| Turnover | 70 | €134,381 | €138,067 | +€3,686 | +2.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,222 | €54,038 | +€816 | +1.5% |
| Remuneration, social security and pensions | 62 | €2,068 | €2,068 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,349 | €11,063 | +€714 | +6.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,158 | €84,028 | +€2,870 | +3.5% |
| Operating profit (loss) | 9901 | €68,354 | €70,498 | +€2,143 | +3.1% |
| Financial income | 75/76B | €461 | €2,415 | +€1,954 | +424% |
| Recurring financial income | 75 | €461 | €2,415 | +€1,954 | +424% |
| Financial charges | 65/66B | €73 | €66 | -€7 | -9.6% |
| Recurring financial charges | 65 | €73 | €66 | -€7 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €68,742 | €72,847 | +€4,105 | +6.0% |
| Transfer to deferred taxes | 680 | - | €3,701 | +€3,701 | |
| Income taxes | 67/77 | €19,703 | €17,752 | -€1,950 | -9.9% |
| Profit (loss) for the period | 9904 | €49,040 | €51,393 | +€2,354 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,040 | €51,393 | +€2,354 | +4.8% |
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 30 October 2026 via checked.be.