LECMAT: 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.
LECMAT
Largest movements
- Stocks and contracts +€225,216
up €225,216 (+40.6%), from €554,853 to €780,069
- Receivables within one year +€65,775
up €65,775 (+34.4%), from €191,159 to €256,934
of which Trade receivables: +€53,999
- Cash +€27,620
up €27,620 (+52.1%), from €53,015 to €80,635
mainly Tax, wage and social debts (+€202,830) and Short-term financial debts (+€158,010)
- Tax, wage and social debts +€202,830
up €202,830 (+427%), from €47,552 to €250,382
of which Remuneration and social security: +€186,146
- Short-term financial debts +€158,010
up €158,010 (+323%), from €48,953 to €206,963
- Trade debts +€130,795
up €130,795 (+50.9%), from €256,779 to €387,574
- Other debts -€108,212
down €108,212 (-59.7%), from €181,332 to €73,120
- Debts after one year -€94,203
down €94,203 (-11.9%), from €792,597 to €698,393
- Staff costs +€100,134
up €100,134 (+55.8%), from €179,321 to €279,455
- Gross operating margin +€81,121
up €81,121 (+21.2%), from €383,515 to €464,635
- Depreciation +€11,145
up €11,145 (+12.6%), from €88,260 to €99,406
- Financial charges -€9,219
down €9,219 (-19.1%), from €48,239 to €39,021
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 | €2,090,474 | €2,398,962 | +€308,488 | +14.8% |
| Fixed assets | 21/28 | €1,275,189 | €1,276,990 | +€1,802 | +0.1% |
| Intangible fixed assets | 21 | €12,091 | €8,683 | -€3,408 | -28.2% |
| Tangible fixed assets | 22/27 | €1,259,259 | €1,264,334 | +€5,075 | +0.4% |
| Land and buildings | 22 | €681,420 | €656,792 | -€24,629 | -3.6% |
| Plant, machinery and equipment | 23 | €524,163 | €498,820 | -€25,343 | -4.8% |
| Furniture and vehicles | 24 | €53,676 | €108,722 | +€55,046 | +103% |
| Financial fixed assets | 28 | €3,839 | €3,974 | +€135 | +3.5% |
| Current assets | 29/58 | €815,285 | €1,121,972 | +€306,687 | +37.6% |
| Stocks and contracts in progress | 3 | €554,853 | €780,069 | +€225,216 | +40.6% |
| Stocks | 30/36 | €554,853 | €780,069 | +€225,216 | +40.6% |
| Amounts receivable within one year | 40/41 | €191,159 | €256,934 | +€65,775 | +34.4% |
| Trade receivables | 40 | €191,159 | €245,158 | +€53,999 | +28.2% |
| Other amounts receivable | 41 | - | €11,776 | +€11,776 | |
| Cash at bank and in hand | 54/58 | €53,015 | €80,635 | +€27,620 | +52.1% |
| Deferred charges and accrued income | 490/1 | €16,258 | €4,333 | -€11,925 | -73.3% |
| Total equity and liabilities | 10/49 | €2,090,474 | €2,398,962 | +€308,488 | +14.8% |
| Equity | 10/15 | €662,265 | €686,509 | +€24,244 | +3.7% |
| Contributions | 10/11 | €590,000 | €590,000 | = | 0.0% |
| Reserves | 13 | €20,563 | €20,563 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,563 | €20,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,703 | €75,947 | +€24,244 | +46.9% |
| Amounts payable | 17/49 | €1,428,208 | €1,712,453 | +€284,244 | +19.9% |
| Amounts payable after more than one year | 17 | €792,597 | €698,393 | -€94,203 | -11.9% |
| Financial debts | 170/4 | €792,597 | €698,393 | -€94,203 | -11.9% |
| Amounts payable within one year | 42/48 | €633,595 | €1,013,870 | +€380,275 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €98,978 | €95,830 | -€3,148 | -3.2% |
| Financial debts | 43 | €48,953 | €206,963 | +€158,010 | +323% |
| Credit institutions | 430/8 | €48,953 | €206,963 | +€158,010 | +323% |
| Trade debts | 44 | €256,779 | €387,574 | +€130,795 | +50.9% |
| Suppliers | 440/4 | €256,779 | €387,574 | +€130,795 | +50.9% |
| Taxes, remuneration and social security | 45 | €47,552 | €250,382 | +€202,830 | +427% |
| Taxes | 450/3 | €26,950 | €43,635 | +€16,684 | +61.9% |
| Remuneration and social security | 454/9 | €20,602 | €206,747 | +€186,146 | +904% |
| Other amounts payable | 47/48 | €181,332 | €73,120 | -€108,212 | -59.7% |
| Accrued charges and deferred income | 492/3 | €2,017 | €189 | -€1,828 | -90.6% |
| Remuneration, social security and pensions | 62 | €179,321 | €279,455 | +€100,134 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,260 | €99,406 | +€11,145 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,836 | -€2,836 | |
| Other operating charges | 640/8 | €10,251 | €13,845 | +€3,594 | +35.1% |
| Non-recurring operating charges | 66A | €16,096 | €12,127 | -€3,969 | -24.7% |
| Gross operating margin | 9900 | €383,515 | €464,635 | +€81,121 | +21.2% |
| Operating profit (loss) | 9901 | €89,586 | €62,638 | -€26,948 | -30.1% |
| Financial income | 75/76B | €2,091 | €1,086 | -€1,005 | -48.1% |
| Recurring financial income | 75 | €2,091 | €1,086 | -€1,005 | -48.1% |
| Financial charges | 65/66B | €48,239 | €39,021 | -€9,219 | -19.1% |
| Recurring financial charges | 65 | €48,239 | €39,021 | -€9,219 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €43,438 | €24,704 | -€18,735 | -43.1% |
| Income taxes | 67/77 | €458 | €460 | +€2 | +0.4% |
| Profit (loss) for the period | 9904 | €42,980 | €24,244 | -€18,737 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,980 | €24,244 | -€18,737 | -43.6% |
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 16 October 2026 via checked.be.