LECOQ EJAE: what changed
LECOQ EJAE
Largest movements
- Current investments +€200,000
up €200,000 (+66.7%), from €300,000 to €500,000
- Cash +€37,261
up €37,261 (+20.8%), from €179,313 to €216,574
mainly Net result for the year (+€193,255) and Tax, wage and social debts (+€23,643)
- Tangible fixed assets -€20,700
down €20,700 (-36.9%), from €56,150 to €35,450
of which Plant, machinery and equipment: -€11,825
- Receivables within one year -€12,250
down €12,250 (-34.5%), from €35,506 to €23,256
of which Other amounts receivable: -€13,853
- Reserves +€193,000
up €193,000 (+39.9%), from €483,500 to €676,500
- Tax, wage and social debts +€23,643
up €23,643 (+573%), from €4,128 to €27,771
- Current portion of long-term debt -€14,922
down €14,922 (-29.7%), from €50,184 to €35,263
- Gross operating margin +€62,244
up €62,244 (+27.0%), from €230,794 to €293,038
- Taxes +€21,291
up €21,291 (+32.5%), from €65,603 to €86,894
- Financial income +€5,834
up €5,834 (+108%), from €5,426 to €11,260
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €573,991 | €778,527 | +€204,536 | +35.6% |
| Fixed assets | 21/28 | €56,150 | €35,450 | -€20,700 | -36.9% |
| Tangible fixed assets | 22/27 | €56,150 | €35,450 | -€20,700 | -36.9% |
| Plant, machinery and equipment | 23 | €31,332 | €19,507 | -€11,825 | -37.7% |
| Furniture and vehicles | 24 | €196 | - | -€196 | |
| Other tangible fixed assets | 26 | €24,621 | €15,942 | -€8,679 | -35.3% |
| Current assets | 29/58 | €517,841 | €743,077 | +€225,236 | +43.5% |
| Amounts receivable within one year | 40/41 | €35,506 | €23,256 | -€12,250 | -34.5% |
| Trade receivables | 40 | €21,653 | €23,256 | +€1,603 | +7.4% |
| Other amounts receivable | 41 | €13,853 | - | -€13,853 | |
| Current investments | 50/53 | €300,000 | €500,000 | +€200,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €179,313 | €216,574 | +€37,261 | +20.8% |
| Deferred charges and accrued income | 490/1 | €3,022 | €3,247 | +€225 | +7.4% |
| Total equity and liabilities | 10/49 | €573,991 | €778,527 | +€204,536 | +35.6% |
| Equity | 10/15 | €505,300 | €698,555 | +€193,255 | +38.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €483,500 | €676,500 | +€193,000 | +39.9% |
| Distributable reserves | 133 | €483,500 | €676,500 | +€193,000 | +39.9% |
| Profit (loss) carried forward | 14 | €1,800 | €2,055 | +€255 | +14.1% |
| Amounts payable | 17/49 | €68,690 | €79,972 | +€11,282 | +16.4% |
| Amounts payable within one year | 42/48 | €67,866 | €79,080 | +€11,214 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €50,184 | €35,263 | -€14,922 | -29.7% |
| Trade debts | 44 | €1,938 | €1,110 | -€828 | -42.7% |
| Suppliers | 440/4 | €1,938 | €1,110 | -€828 | -42.7% |
| Taxes, remuneration and social security | 45 | €4,128 | €27,771 | +€23,643 | +573% |
| Taxes | 450/3 | €4,128 | €27,771 | +€23,643 | +573% |
| Other amounts payable | 47/48 | €11,616 | €14,936 | +€3,321 | +28.6% |
| Accrued charges and deferred income | 492/3 | €824 | €892 | +€67 | +8.2% |
| Remuneration, social security and pensions | 62 | €395 | €444 | +€49 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,233 | €20,700 | -€533 | -2.5% |
| Other operating charges | 640/8 | €122 | €159 | +€37 | +30.0% |
| Gross operating margin | 9900 | €230,794 | €293,038 | +€62,244 | +27.0% |
| Operating profit (loss) | 9901 | €209,044 | €271,735 | +€62,691 | +30.0% |
| Financial income | 75/76B | €5,426 | €11,260 | +€5,834 | +108% |
| Recurring financial income | 75 | €5,426 | €11,260 | +€5,834 | +108% |
| Financial charges | 65/66B | €2,415 | €2,847 | +€432 | +17.9% |
| Recurring financial charges | 65 | €2,415 | €2,847 | +€432 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €212,056 | €280,149 | +€68,093 | +32.1% |
| Income taxes | 67/77 | €65,603 | €86,894 | +€21,291 | +32.5% |
| Profit (loss) for the period | 9904 | €146,453 | €193,255 | +€46,802 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,453 | €193,255 | +€46,802 | +32.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.