LECO: 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.
LECO
Largest movements
- Tangible fixed assets -€54,744
down €54,744 (-4.5%), from €1.2m to €1.2m
of which Land and buildings: -€48,906
- Receivables within one year +€47,555
up €47,555 (+16.3%), from €291,140 to €338,695
of which Other amounts receivable: +€47,460
- Other debts +€183,367
up €183,367 (+333.1%), from €55,047 to €238,414
- Profit (loss) carried forward -€105,980
down €105,980 (-114.7%), from -€92,362 to -€198,342
- Debts after one year -€72,365
down €72,365 (-5.3%), from €1.4m to €1.3m
- Other operating charges -€17,548
down €17,548 (-89.5%), from €19,616 to €2,068
- Gross operating margin +€14,071
up €14,071 (+57.1%), from -€24,663 to -€10,592
- Depreciation -€7,828
down €7,828 (-9.9%), from €78,722 to €70,894
- Financial income -€2,023
no longer reported in 2024 (was €2,023)
- Financial charges -€1,234
down €1,234 (-5.2%), from €23,660 to €22,426
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,537,901 | €1,539,927 | +€2,026 | +0.1% |
| Fixed assets | 21/28 | €1,229,860 | €1,175,116 | -€54,744 | -4.5% |
| Tangible fixed assets | 22/27 | €1,223,586 | €1,168,842 | -€54,744 | -4.5% |
| Land and buildings | 22 | €1,203,663 | €1,154,757 | -€48,906 | -4.1% |
| Plant, machinery and equipment | 23 | €3,481 | €1,683 | -€1,798 | -51.7% |
| Furniture and vehicles | 24 | €16,442 | €12,402 | -€4,040 | -24.6% |
| Financial fixed assets | 28 | €6,274 | €6,274 | = | 0.0% |
| Current assets | 29/58 | €308,041 | €364,811 | +€56,770 | +18.4% |
| Amounts receivable within one year | 40/41 | €291,140 | €338,695 | +€47,555 | +16.3% |
| Trade receivables | 40 | €56,719 | €56,814 | +€95 | +0.2% |
| Other amounts receivable | 41 | €234,421 | €281,881 | +€47,460 | +20.2% |
| Cash at bank and in hand | 54/58 | €12,176 | €21,095 | +€8,919 | +73.3% |
| Deferred charges and accrued income | 490/1 | €4,725 | €5,021 | +€296 | +6.3% |
| Total equity and liabilities | 10/49 | €1,537,901 | €1,539,927 | +€2,026 | +0.1% |
| Equity | 10/15 | -€24,192 | -€130,172 | -€105,980 | -438.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,362 | -€198,342 | -€105,980 | -114.7% |
| Amounts payable | 17/49 | €1,562,093 | €1,670,099 | +€108,006 | +6.9% |
| Amounts payable after more than one year | 17 | €1,367,112 | €1,294,747 | -€72,365 | -5.3% |
| Financial debts | 170/4 | €1,367,112 | €1,294,747 | -€72,365 | -5.3% |
| Amounts payable within one year | 42/48 | €194,981 | €375,352 | +€180,371 | +92.5% |
| Current portion of amounts payable after more than one year | 42 | €70,766 | €72,364 | +€1,598 | +2.3% |
| Trade debts | 44 | €69,168 | €64,574 | -€4,594 | -6.6% |
| Suppliers | 440/4 | €69,168 | €64,574 | -€4,594 | -6.6% |
| Other amounts payable | 47/48 | €55,047 | €238,414 | +€183,367 | +333.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,722 | €70,894 | -€7,828 | -9.9% |
| Other operating charges | 640/8 | €19,616 | €2,068 | -€17,548 | -89.5% |
| Gross operating margin | 9900 | -€24,663 | -€10,592 | +€14,071 | +57.1% |
| Operating profit (loss) | 9901 | -€123,001 | -€83,554 | +€39,447 | +32.1% |
| Financial income | 75/76B | €2,023 | - | -€2,023 | |
| Recurring financial income | 75 | €2,023 | - | -€2,023 | |
| Financial charges | 65/66B | €23,660 | €22,426 | -€1,234 | -5.2% |
| Recurring financial charges | 65 | €23,660 | €22,426 | -€1,234 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€144,638 | -€105,980 | +€38,658 | +26.7% |
| Profit (loss) for the period | 9904 | -€144,638 | -€105,980 | +€38,658 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€144,638 | -€105,980 | +€38,658 | +26.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.