LECOQ SANITAIRE: 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 SANITAIRE
Largest movements
- Receivables within one year +€64,265
up €64,265 (+70.8%), from €90,816 to €155,081
of which Trade receivables: +€69,345
- Tangible fixed assets +€33,366
up €33,366 (+148%), from €22,586 to €55,952
- Cash -€9,055
down €9,055 (-16.4%), from €55,231 to €46,176
mainly Receivables within one year (-€64,265) and Investment in fixed assets (net) (-€45,454)
- Trade debts +€50,443
up €50,443 (+103%), from €49,123 to €99,566
- Reserves +€25,000
up €25,000 (+278%), from €9,000 to €34,000
- Other debts -€15,444
down €15,444 (-76.7%), from €20,131 to €4,688
- Debts after one year +€12,416
new in 2025: €12,416
- Advances received +€7,012
up €7,012 (+275%), from €2,546 to €9,558
- Gross operating margin +€28,479
up €28,479 (+96.7%), from €29,448 to €57,927
- Taxes +€7,171
up €7,171 (+139%), from €5,150 to €12,321
- Other operating charges +€3,320
up €3,320 (+149%), from €2,227 to €5,547
- Depreciation +€2,139
up €2,139 (+21.5%), from €9,949 to €12,088
- Financial charges +€708
up €708 (+51.5%), from €1,374 to €2,081
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 | €170,633 | €259,209 | +€88,576 | +51.9% |
| Fixed assets | 21/28 | €24,586 | €57,952 | +€33,366 | +136% |
| Tangible fixed assets | 22/27 | €22,586 | €55,952 | +€33,366 | +148% |
| Furniture and vehicles | 24 | €22,586 | €55,952 | +€33,366 | +148% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €146,048 | €201,257 | +€55,210 | +37.8% |
| Amounts receivable within one year | 40/41 | €90,816 | €155,081 | +€64,265 | +70.8% |
| Trade receivables | 40 | €85,477 | €154,822 | +€69,345 | +81.1% |
| Other amounts receivable | 41 | €5,339 | €259 | -€5,080 | -95.2% |
| Cash at bank and in hand | 54/58 | €55,231 | €46,176 | -€9,055 | -16.4% |
| Total equity and liabilities | 10/49 | €170,633 | €259,209 | +€88,576 | +51.9% |
| Equity | 10/15 | €81,781 | €110,672 | +€28,890 | +35.3% |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €9,000 | €34,000 | +€25,000 | +278% |
| Distributable reserves | 133 | €9,000 | €34,000 | +€25,000 | +278% |
| Profit (loss) carried forward | 14 | €72,781 | €73,672 | +€890 | +1.2% |
| Amounts payable | 17/49 | €88,852 | €148,537 | +€59,686 | +67.2% |
| Amounts payable after more than one year | 17 | - | €12,416 | +€12,416 | |
| Financial debts | 170/4 | - | €12,416 | +€12,416 | |
| Amounts payable within one year | 42/48 | €88,852 | €136,122 | +€47,270 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €2,136 | €4,839 | +€2,702 | +126% |
| Trade debts | 44 | €49,123 | €99,566 | +€50,443 | +103% |
| Suppliers | 440/4 | €49,123 | €99,566 | +€50,443 | +103% |
| Advances received on contracts in progress | 46 | €2,546 | €9,558 | +€7,012 | +275% |
| Taxes, remuneration and social security | 45 | €14,915 | €17,471 | +€2,556 | +17.1% |
| Taxes | 450/3 | €14,915 | €17,471 | +€2,556 | +17.1% |
| Other amounts payable | 47/48 | €20,131 | €4,688 | -€15,444 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,949 | €12,088 | +€2,139 | +21.5% |
| Other operating charges | 640/8 | €2,227 | €5,547 | +€3,320 | +149% |
| Gross operating margin | 9900 | €29,448 | €57,927 | +€28,479 | +96.7% |
| Operating profit (loss) | 9901 | €17,272 | €40,293 | +€23,021 | +133% |
| Financial charges | 65/66B | €1,374 | €2,081 | +€708 | +51.5% |
| Recurring financial charges | 65 | €1,374 | €2,081 | +€708 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €15,898 | €38,211 | +€22,313 | +140% |
| Income taxes | 67/77 | €5,150 | €12,321 | +€7,171 | +139% |
| Profit (loss) for the period | 9904 | €10,749 | €25,890 | +€15,142 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €10,749 | €25,890 | +€15,142 | +141% |
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.