LECOMTE FRERES: what changed
Two fiscal 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.
LECOMTE FRERES
Largest movements
- Receivables within one year +€32,670
up €32,670 (+56.2%), from €58,098 to €90,768
of which Trade receivables: +€35,547
- Cash +€30,997
up €30,997 (+84.3%), from €36,771 to €67,769
mainly Accrued charges and deferred income (+€44,889) and Depreciation (+€20,529)
- Tangible fixed assets -€18,278
down €18,278 (-5.2%), from €353,934 to €335,656
- Accrued charges and deferred income +€44,889
up €44,889 (+4234.9%), from €1,060 to €45,949
- Debts after one year -€38,951
down €38,951 (-12.5%), from €310,524 to €271,573
- Profit (loss) carried forward +€14,915
up €14,915 (+21.0%), from €71,112 to €86,026
- Tax, wage and social debts +€11,293
up €11,293 (+861.7%), from €1,311 to €12,604
of which Taxes: +€9,892
- Other debts +€8,840
up €8,840 (+17.7%), from €50,035 to €58,875
- Gross operating margin +€17,118
up €17,118 (+33.0%), from €51,841 to €68,959
- Staff costs +€15,983
up €15,983 (+1114.3%), from €1,434 to €17,417
- Depreciation -€3,215
down €3,215 (-13.5%), from €23,743 to €20,529
- Taxes +€2,852
up €2,852 (+148.2%), from €1,925 to €4,777
- Financial charges -€2,053
down €2,053 (-18.2%), from €11,255 to €9,203
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 | €463,263 | €503,615 | +€40,353 | +8.7% |
| Fixed assets | 21/28 | €360,109 | €340,331 | -€19,778 | -5.5% |
| Intangible fixed assets | 21 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Tangible fixed assets | 22/27 | €353,934 | €335,656 | -€18,278 | -5.2% |
| Land and buildings | 22 | €176,726 | €171,438 | -€5,288 | -3.0% |
| Plant, machinery and equipment | 23 | €17,035 | €11,503 | -€5,532 | -32.5% |
| Furniture and vehicles | 24 | €375 | €848 | +€473 | +126.1% |
| Assets under construction and advance payments | 27 | €159,799 | €151,868 | -€7,931 | -5.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €103,153 | €163,284 | +€60,131 | +58.3% |
| Amounts receivable within one year | 40/41 | €58,098 | €90,768 | +€32,670 | +56.2% |
| Trade receivables | 40 | €54,065 | €89,611 | +€35,547 | +65.7% |
| Other amounts receivable | 41 | €4,033 | €1,156 | -€2,877 | -71.3% |
| Cash at bank and in hand | 54/58 | €36,771 | €67,769 | +€30,997 | +84.3% |
| Deferred charges and accrued income | 490/1 | €8,285 | €4,748 | -€3,537 | -42.7% |
| Total equity and liabilities | 10/49 | €463,263 | €503,615 | +€40,353 | +8.7% |
| Equity | 10/15 | €79,172 | €94,086 | +€14,915 | +18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,112 | €86,026 | +€14,915 | +21.0% |
| Amounts payable | 17/49 | €384,091 | €409,529 | +€25,438 | +6.6% |
| Amounts payable after more than one year | 17 | €310,524 | €271,573 | -€38,951 | -12.5% |
| Financial debts | 170/4 | €310,524 | €271,573 | -€38,951 | -12.5% |
| Amounts payable within one year | 42/48 | €72,507 | €92,007 | +€19,499 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €13,670 | €13,951 | +€281 | +2.1% |
| Trade debts | 44 | €7,492 | €6,577 | -€915 | -12.2% |
| Suppliers | 440/4 | €7,492 | €6,577 | -€915 | -12.2% |
| Taxes, remuneration and social security | 45 | €1,311 | €12,604 | +€11,293 | +861.7% |
| Taxes | 450/3 | €1,311 | €11,203 | +€9,892 | +754.8% |
| Remuneration and social security | 454/9 | - | €1,401 | +€1,401 | |
| Other amounts payable | 47/48 | €50,035 | €58,875 | +€8,840 | +17.7% |
| Accrued charges and deferred income | 492/3 | €1,060 | €45,949 | +€44,889 | +4234.9% |
| Non-recurring operating income | 76A | €1,476 | €129 | -€1,347 | -91.2% |
| Remuneration, social security and pensions | 62 | €1,434 | €17,417 | +€15,983 | +1114.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,743 | €20,529 | -€3,215 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,762 | €1,762 | = | 0.0% |
| Other operating charges | 640/8 | €1,425 | €1,321 | -€104 | -7.3% |
| Non-recurring operating charges | 66A | €540 | €1,291 | +€751 | +139.0% |
| Gross operating margin | 9900 | €51,841 | €68,959 | +€17,118 | +33.0% |
| Operating profit (loss) | 9901 | €22,936 | €26,639 | +€3,703 | +16.1% |
| Financial income | 75/76B | €1,904 | €2,256 | +€352 | +18.5% |
| Recurring financial income | 75 | €1,904 | €2,256 | +€352 | +18.5% |
| Financial charges | 65/66B | €11,255 | €9,203 | -€2,053 | -18.2% |
| Recurring financial charges | 65 | €11,255 | €9,203 | -€2,053 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €13,584 | €19,692 | +€6,108 | +45.0% |
| Income taxes | 67/77 | €1,925 | €4,777 | +€2,852 | +148.2% |
| Profit (loss) for the period | 9904 | €11,659 | €14,915 | +€3,255 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,659 | €14,915 | +€3,255 | +27.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.