LECOMTE MICHEL: 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.
LECOMTE MICHEL
Largest movements
- Tangible fixed assets +€52,333
new in 2025: €52,333
of which Other tangible fixed assets: +€51,515
- Cash -€37,533
down €37,533 (-52.9%), from €71,002 to €33,469
mainly Investment in fixed assets (net) (-€52,340) and Net result for the year (-€15,168)
- Receivables within one year -€37,247
down €37,247 (-96.8%), from €38,480 to €1,234
of which Trade receivables: -€35,966
- Current investments +€10,000
new in 2025: €10,000
- Profit (loss) carried forward -€15,168
down €15,168 (-18.0%), from €84,370 to €69,203
- Other debts +€1,852
up €1,852 (+254%), from €729 to €2,580
- Tax, wage and social debts +€1,760
up €1,760 (+8.1%), from €21,840 to €23,600
- Gross operating margin -€118,908
down €118,908, from €107,540 to -€11,369
- Taxes -€21,812
down €21,812 (-99.9%), from €21,840 to €28
- Other operating charges +€3,479
up €3,479 (+3,325%), from €105 to €3,584
- Depreciation -€1,204
down €1,204 (-99.5%), from €1,211 to €7
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 | €109,512 | €97,881 | -€11,631 | -10.6% |
| Fixed assets | 21/28 | - | €52,333 | +€52,333 | |
| Tangible fixed assets | 22/27 | - | €52,333 | +€52,333 | |
| Furniture and vehicles | 24 | - | €818 | +€818 | |
| Other tangible fixed assets | 26 | - | €51,515 | +€51,515 | |
| Current assets | 29/58 | €109,512 | €45,548 | -€63,964 | -58.4% |
| Amounts receivable within one year | 40/41 | €38,480 | €1,234 | -€37,247 | -96.8% |
| Trade receivables | 40 | €37,200 | €1,234 | -€35,966 | -96.7% |
| Other amounts receivable | 41 | €1,280 | - | -€1,280 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €71,002 | €33,469 | -€37,533 | -52.9% |
| Deferred charges and accrued income | 490/1 | €30 | €846 | +€815 | +2,710% |
| Total equity and liabilities | 10/49 | €109,512 | €97,881 | -€11,631 | -10.6% |
| Equity | 10/15 | €86,370 | €71,203 | -€15,168 | -17.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,370 | €69,203 | -€15,168 | -18.0% |
| Amounts payable | 17/49 | €23,142 | €26,679 | +€3,537 | +15.3% |
| Amounts payable within one year | 42/48 | €23,142 | €26,679 | +€3,537 | +15.3% |
| Trade debts | 44 | €573 | €499 | -€74 | -13.0% |
| Suppliers | 440/4 | €573 | €499 | -€74 | -13.0% |
| Taxes, remuneration and social security | 45 | €21,840 | €23,600 | +€1,760 | +8.1% |
| Taxes | 450/3 | €21,840 | €23,600 | +€1,760 | +8.1% |
| Other amounts payable | 47/48 | €729 | €2,580 | +€1,852 | +254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €7 | -€1,204 | -99.5% |
| Other operating charges | 640/8 | €105 | €3,584 | +€3,479 | +3,325% |
| Gross operating margin | 9900 | €107,540 | -€11,369 | -€118,908 | |
| Operating profit (loss) | 9901 | €106,224 | -€14,959 | -€121,183 | |
| Financial charges | 65/66B | €14 | €181 | +€167 | +1,229% |
| Recurring financial charges | 65 | €14 | €181 | +€167 | +1,229% |
| Profit (loss) for the period before taxes | 9903 | €106,210 | -€15,140 | -€121,350 | |
| Income taxes | 67/77 | €21,840 | €28 | -€21,812 | -99.9% |
| Profit (loss) for the period | 9904 | €84,370 | -€15,168 | -€99,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,370 | -€15,168 | -€99,538 |
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 14 October 2026 via checked.be.