LECOCQ BERNARD: 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.
LECOCQ BERNARD
Largest movements
- Receivables within one year +€31,741
up €31,741 (+134%), from €23,758 to €55,499
of which Other amounts receivable: +€16,674
- Cash -€23,836
down €23,836 (-99.4%), from €23,978 to €141
mainly Contributions, distributions and other (-€37,000) and Receivables within one year (-€31,741)
- Tangible fixed assets -€14,132
down €14,132 (-16.0%), from €88,420 to €74,288
of which Furniture and vehicles: -€8,775
- Stocks and contracts +€3,872
up €3,872 (+21.8%), from €17,740 to €21,612
- Deferred charges and accrued income -€2,101
down €2,101 (-52.3%), from €4,016 to €1,916
- Other debts +€37,000
new in 2025: €37,000
- Profit (loss) carried forward -€32,512
down €32,512 (-57.3%), from €56,717 to €24,206
- Debts after one year -€13,109
down €13,109 (-33.2%), from €39,451 to €26,343
- Tax, wage and social debts +€6,884
up €6,884 (+222%), from €3,097 to €9,981
of which Taxes: +€9,981
- Reserves -€3,165
down €3,165 (-17.3%), from €18,281 to €15,116
of which Tax-exempt reserves: -€3,165
- Gross operating margin -€44,554
down €44,554 (-69.4%), from €64,200 to €19,645
- Staff costs -€27,759
down €27,759 (-96.3%), from €28,811 to €1,052
- Depreciation +€5,687
up €5,687 (+67.3%), from €8,445 to €14,132
- Financial income -€691
down €691 (-27.1%), from €2,548 to €1,857
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 | €174,355 | €169,900 | -€4,455 | -2.6% |
| Fixed assets | 21/28 | €104,864 | €90,732 | -€14,132 | -13.5% |
| Tangible fixed assets | 22/27 | €88,420 | €74,288 | -€14,132 | -16.0% |
| Land and buildings | 22 | €47,095 | €42,066 | -€5,029 | -10.7% |
| Plant, machinery and equipment | 23 | €331 | €3 | -€328 | -99.2% |
| Furniture and vehicles | 24 | €40,994 | €32,219 | -€8,775 | -21.4% |
| Financial fixed assets | 28 | €16,444 | €16,444 | = | 0.0% |
| Current assets | 29/58 | €69,492 | €79,169 | +€9,677 | +13.9% |
| Stocks and contracts in progress | 3 | €17,740 | €21,612 | +€3,872 | +21.8% |
| Stocks | 30/36 | €17,740 | €21,612 | +€3,872 | +21.8% |
| Amounts receivable within one year | 40/41 | €23,758 | €55,499 | +€31,741 | +134% |
| Trade receivables | 40 | €838 | €15,905 | +€15,067 | +1,799% |
| Other amounts receivable | 41 | €22,920 | €39,595 | +€16,674 | +72.7% |
| Cash at bank and in hand | 54/58 | €23,978 | €141 | -€23,836 | -99.4% |
| Deferred charges and accrued income | 490/1 | €4,016 | €1,916 | -€2,101 | -52.3% |
| Total equity and liabilities | 10/49 | €174,355 | €169,900 | -€4,455 | -2.6% |
| Equity | 10/15 | €106,999 | €71,322 | -€35,677 | -33.3% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €18,281 | €15,116 | -€3,165 | -17.3% |
| Tax-exempt reserves | 132 | €15,081 | €11,916 | -€3,165 | -21.0% |
| Distributable reserves | 133 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,717 | €24,206 | -€32,512 | -57.3% |
| Provisions and deferred taxes | 16 | €5,027 | €3,972 | -€1,055 | -21.0% |
| Deferred taxes | 168 | €5,027 | €3,972 | -€1,055 | -21.0% |
| Amounts payable | 17/49 | €62,330 | €94,606 | +€32,277 | +51.8% |
| Amounts payable after more than one year | 17 | €39,451 | €26,343 | -€13,109 | -33.2% |
| Financial debts | 170/4 | €39,451 | €26,343 | -€13,109 | -33.2% |
| Amounts payable within one year | 42/48 | €22,878 | €68,196 | +€45,318 | +198% |
| Current portion of amounts payable after more than one year | 42 | €13,340 | €13,777 | +€438 | +3.3% |
| Trade debts | 44 | €6,442 | €7,438 | +€996 | +15.5% |
| Suppliers | 440/4 | €6,442 | €7,438 | +€996 | +15.5% |
| Taxes, remuneration and social security | 45 | €3,097 | €9,981 | +€6,884 | +222% |
| Taxes | 450/3 | - | €9,981 | +€9,981 | |
| Remuneration and social security | 454/9 | €3,097 | - | -€3,097 | |
| Other amounts payable | 47/48 | - | €37,000 | +€37,000 | |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Remuneration, social security and pensions | 62 | €28,811 | €1,052 | -€27,759 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,445 | €14,132 | +€5,687 | +67.3% |
| Other operating charges | 640/8 | €4,085 | €3,845 | -€240 | -5.9% |
| Gross operating margin | 9900 | €64,200 | €19,645 | -€44,554 | -69.4% |
| Operating profit (loss) | 9901 | €22,858 | €617 | -€22,242 | -97.3% |
| Financial income | 75/76B | €2,548 | €1,857 | -€691 | -27.1% |
| Recurring financial income | 75 | €2,548 | €1,857 | -€691 | -27.1% |
| Financial charges | 65/66B | €1,997 | €2,205 | +€208 | +10.4% |
| Recurring financial charges | 65 | €1,997 | €2,205 | +€208 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €23,409 | €268 | -€23,141 | -98.9% |
| Transfer from deferred taxes | 780 | €248 | €1,055 | +€807 | +326% |
| Transfer to deferred taxes | 680 | €5,275 | - | -€5,275 | |
| Profit (loss) for the period | 9904 | €18,382 | €1,323 | -€17,059 | -92.8% |
| Transfer from tax-exempt reserves | 789 | €744 | €3,165 | +€2,421 | +326% |
| Transfer to tax-exempt reserves | 689 | €15,825 | - | -€15,825 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,301 | €4,488 | +€1,187 | +36.0% |
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 31 October 2026 via checked.be.