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
- Cash +€24,339
up €24,339 (+1935.6%), from €1,257 to €25,596
mainly Trade debts (+€50,670) and Other debts (+€46,146)
- Receivables within one year -€17,943
down €17,943 (-60.0%), from €29,883 to €11,940
of which Trade receivables: -€17,943
- Stocks and contracts -€4,890
down €4,890 (-12.9%), from €38,000 to €33,110
- Intangible fixed assets -€2,645
down €2,645 (-21.1%), from €12,566 to €9,920
- Profit (loss) carried forward -€59,888
down €59,888 (-53.0%), from -€112,953 to -€172,840
- Trade debts +€50,670
up €50,670 (+311.4%), from €16,273 to €66,943
- Other debts +€46,146
up €46,146 (+589.8%), from €7,824 to €53,970
- Debts after one year -€37,500
down €37,500 (-35.3%), from €106,250 to €68,750
- Tax, wage and social debts -€962
down €962 (-14.1%), from €6,800 to €5,838
of which Remuneration and social security: -€6,126
- Gross operating margin +€65,397
up €65,397 (+60.8%), from -€107,548 to -€42,151
- Other operating charges +€5,880
up €5,880 (+198.2%), from €2,967 to €8,847
- Financial charges +€4,469
up €4,469 (+404.6%), from €1,105 to €5,574
- Depreciation +€1,959
up €1,959 (+181.3%), from €1,080 to €3,039
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 | €82,396 | €80,862 | -€1,534 | -1.9% |
| Fixed assets | 21/28 | €13,255 | €10,216 | -€3,039 | -22.9% |
| Intangible fixed assets | 21 | €12,566 | €9,920 | -€2,645 | -21.1% |
| Tangible fixed assets | 22/27 | €690 | €296 | -€394 | -57.1% |
| Plant, machinery and equipment | 23 | €690 | €296 | -€394 | -57.1% |
| Current assets | 29/58 | €69,141 | €70,646 | +€1,506 | +2.2% |
| Stocks and contracts in progress | 3 | €38,000 | €33,110 | -€4,890 | -12.9% |
| Stocks | 30/36 | €38,000 | €33,110 | -€4,890 | -12.9% |
| Amounts receivable within one year | 40/41 | €29,883 | €11,940 | -€17,943 | -60.0% |
| Trade receivables | 40 | €19,983 | €2,040 | -€17,943 | -89.8% |
| Other amounts receivable | 41 | €9,900 | €9,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,257 | €25,596 | +€24,339 | +1935.6% |
| Total equity and liabilities | 10/49 | €82,396 | €80,862 | -€1,534 | -1.9% |
| Equity | 10/15 | -€92,251 | -€152,139 | -€59,888 | -64.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,701 | €17,701 | = | 0.0% |
| Distributable reserves | 133 | €17,701 | €17,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,953 | -€172,840 | -€59,888 | -53.0% |
| Amounts payable | 17/49 | €174,647 | €233,001 | +€58,354 | +33.4% |
| Amounts payable after more than one year | 17 | €106,250 | €68,750 | -€37,500 | -35.3% |
| Financial debts | 170/4 | €106,250 | €68,750 | -€37,500 | -35.3% |
| Amounts payable within one year | 42/48 | €68,397 | €164,251 | +€95,854 | +140.1% |
| Current portion of amounts payable after more than one year | 42 | €37,500 | €37,500 | = | 0.0% |
| Trade debts | 44 | €16,273 | €66,943 | +€50,670 | +311.4% |
| Suppliers | 440/4 | €16,273 | €66,943 | +€50,670 | +311.4% |
| Taxes, remuneration and social security | 45 | €6,800 | €5,838 | -€962 | -14.1% |
| Taxes | 450/3 | €674 | €5,838 | +€5,164 | +765.7% |
| Remuneration and social security | 454/9 | €6,126 | - | -€6,126 | |
| Other amounts payable | 47/48 | €7,824 | €53,970 | +€46,146 | +589.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080 | €3,039 | +€1,959 | +181.3% |
| Other operating charges | 640/8 | €2,967 | €8,847 | +€5,880 | +198.2% |
| Gross operating margin | 9900 | -€107,548 | -€42,151 | +€65,397 | +60.8% |
| Operating profit (loss) | 9901 | -€111,596 | -€54,038 | +€57,558 | +51.6% |
| Financial income | 75/76B | €5 | €5 | -€0 | -2.3% |
| Recurring financial income | 75 | €5 | €5 | -€0 | -2.3% |
| Financial charges | 65/66B | €1,105 | €5,574 | +€4,469 | +404.6% |
| Recurring financial charges | 65 | €1,105 | €5,574 | +€4,469 | +404.6% |
| Profit (loss) for the period before taxes | 9903 | -€112,695 | -€59,607 | +€53,089 | +47.1% |
| Income taxes | 67/77 | €257 | €281 | +€24 | +9.2% |
| Profit (loss) for the period | 9904 | -€112,953 | -€59,888 | +€53,065 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,953 | -€59,888 | +€53,065 | +47.0% |
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 9 October 2026 via checked.be.