LECOQ Frères: 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.
LECOQ Frères
Largest movements
- Receivables within one year -€15,499
down €15,499 (-14.7%), from €105,192 to €89,693
of which Trade receivables: -€38,429
- Stocks and contracts +€7,828
up €7,828 (+9.0%), from €87,027 to €94,855
- Tangible fixed assets -€7,773
down €7,773 (-10.6%), from €73,481 to €65,708
- Cash -€3,427
down €3,427 (-73.9%), from €4,639 to €1,212
mainly Trade debts (-€26,422) and Debts after one year (-€17,048)
- Profit (loss) carried forward +€36,547
up €36,547 (+69.1%), from -€52,895 to -€16,348
- Trade debts -€26,422
down €26,422 (-49.8%), from €53,073 to €26,651
- Debts after one year -€17,048
down €17,048 (-13.5%), from €125,822 to €108,774
- Other debts -€14,543
no longer reported in 2025 (was €14,543)
- Gross operating margin +€74,356
up €74,356 (+214%), from €34,683 to €109,039
- Staff costs -€35,571
down €35,571 (-50.6%), from €70,281 to €34,710
- Taxes +€15,311
up €15,311, from -€491 to €14,820
- Other operating charges +€2,852
up €2,852 (+73.9%), from €3,857 to €6,710
- Depreciation +€1,192
up €1,192 (+18.1%), from €6,581 to €7,773
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 | €270,397 | €251,527 | -€18,870 | -7.0% |
| Fixed assets | 21/28 | €73,481 | €65,708 | -€7,773 | -10.6% |
| Tangible fixed assets | 22/27 | €73,481 | €65,708 | -€7,773 | -10.6% |
| Land and buildings | 22 | €63,950 | €60,480 | -€3,470 | -5.4% |
| Plant, machinery and equipment | 23 | €103 | - | -€103 | |
| Furniture and vehicles | 24 | €2,185 | €1,692 | -€492 | -22.5% |
| Other tangible fixed assets | 26 | €7,244 | €3,536 | -€3,708 | -51.2% |
| Current assets | 29/58 | €196,916 | €185,819 | -€11,097 | -5.6% |
| Stocks and contracts in progress | 3 | €87,027 | €94,855 | +€7,828 | +9.0% |
| Stocks | 30/36 | €87,027 | €94,855 | +€7,828 | +9.0% |
| Amounts receivable within one year | 40/41 | €105,192 | €89,693 | -€15,499 | -14.7% |
| Trade receivables | 40 | €98,490 | €60,061 | -€38,429 | -39.0% |
| Other amounts receivable | 41 | €6,702 | €29,632 | +€22,930 | +342% |
| Cash at bank and in hand | 54/58 | €4,639 | €1,212 | -€3,427 | -73.9% |
| Deferred charges and accrued income | 490/1 | €58 | €59 | +€1 | +2.0% |
| Total equity and liabilities | 10/49 | €270,397 | €251,527 | -€18,870 | -7.0% |
| Equity | 10/15 | €15,275 | €51,823 | +€36,547 | +239% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,895 | -€16,348 | +€36,547 | +69.1% |
| Amounts payable | 17/49 | €255,121 | €199,704 | -€55,417 | -21.7% |
| Amounts payable after more than one year | 17 | €125,822 | €108,774 | -€17,048 | -13.5% |
| Financial debts | 170/4 | €125,822 | €108,774 | -€17,048 | -13.5% |
| Amounts payable within one year | 42/48 | €129,299 | €90,930 | -€38,369 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €16,299 | €17,048 | +€749 | +4.6% |
| Trade debts | 44 | €53,073 | €26,651 | -€26,422 | -49.8% |
| Suppliers | 440/4 | €53,073 | €26,651 | -€26,422 | -49.8% |
| Taxes, remuneration and social security | 45 | €45,384 | €47,232 | +€1,847 | +4.1% |
| Taxes | 450/3 | €35,260 | €41,039 | +€5,779 | +16.4% |
| Remuneration and social security | 454/9 | €10,125 | €6,193 | -€3,932 | -38.8% |
| Other amounts payable | 47/48 | €14,543 | - | -€14,543 | |
| Remuneration, social security and pensions | 62 | €70,281 | €34,710 | -€35,571 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,581 | €7,773 | +€1,192 | +18.1% |
| Other operating charges | 640/8 | €3,857 | €6,710 | +€2,852 | +73.9% |
| Gross operating margin | 9900 | €34,683 | €109,039 | +€74,356 | +214% |
| Operating profit (loss) | 9901 | -€46,037 | €59,846 | +€105,883 | |
| Financial income | 75/76B | €0 | €17 | +€17 | +9,918% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +9,918% |
| Financial charges | 65/66B | €7,819 | €8,496 | +€677 | +8.7% |
| Recurring financial charges | 65 | €7,819 | €8,496 | +€677 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,855 | €51,367 | +€105,223 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | -€491 | €14,820 | +€15,311 | |
| Profit (loss) for the period | 9904 | -€53,365 | €36,547 | +€89,912 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,365 | €36,547 | +€89,912 |
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 1 November 2026 via checked.be.