Lecos: 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.
Lecos
Largest movements
- Tangible fixed assets -€61,371
down €61,371 (-3.1%), from €2.0m to €1.9m
of which Land and buildings: -€47,517
- Other debts -€70,657
down €70,657 (-8.3%), from €852,145 to €781,488
- Profit (loss) carried forward +€67,267
up €67,267, from -€67,267 to €0
- Debts after one year -€57,980
down €57,980 (-5.3%), from €1.1m to €1.0m
- Gross operating margin +€166,766
up €166,766 (+10838.8%), from €1,539 to €168,305
- Taxes +€5,879
up €5,879 (+2867.0%), from €205 to €6,084
- Other operating charges -€3,359
down €3,359 (-90.1%), from €3,730 to €370
- Depreciation +€2,237
up €2,237 (+3.8%), from €59,134 to €61,371
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 | €2,279,343 | €2,212,494 | -€66,849 | -2.9% |
| Fixed assets | 21/28 | €1,996,899 | €1,935,528 | -€61,371 | -3.1% |
| Tangible fixed assets | 22/27 | €1,996,800 | €1,935,429 | -€61,371 | -3.1% |
| Land and buildings | 22 | €1,956,984 | €1,909,467 | -€47,517 | -2.4% |
| Furniture and vehicles | 24 | €39,816 | €25,962 | -€13,854 | -34.8% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €282,444 | €276,966 | -€5,478 | -1.9% |
| Amounts receivable within one year | 40/41 | €2,128 | €9,899 | +€7,771 | +365.2% |
| Trade receivables | 40 | €2,128 | €9,899 | +€7,771 | +365.2% |
| Cash at bank and in hand | 54/58 | €278,631 | €265,931 | -€12,699 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,685 | €1,135 | -€550 | -32.6% |
| Total equity and liabilities | 10/49 | €2,279,343 | €2,212,494 | -€66,849 | -2.9% |
| Equity | 10/15 | €247,759 | €332,651 | +€84,892 | +34.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €296,435 | €314,059 | +€17,624 | +5.9% |
| Distributable reserves | 133 | €296,435 | €314,059 | +€17,624 | +5.9% |
| Profit (loss) carried forward | 14 | -€67,267 | €0 | +€67,267 | |
| Amounts payable | 17/49 | €2,031,584 | €1,879,843 | -€151,741 | -7.5% |
| Amounts payable after more than one year | 17 | €1,083,891 | €1,025,911 | -€57,980 | -5.3% |
| Financial debts | 170/4 | €1,083,891 | €1,025,911 | -€57,980 | -5.3% |
| Amounts payable within one year | 42/48 | €945,087 | €853,932 | -€91,156 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €57,192 | €57,980 | +€788 | +1.4% |
| Trade debts | 44 | €17,969 | €213 | -€17,756 | -98.8% |
| Suppliers | 440/4 | €17,969 | €213 | -€17,756 | -98.8% |
| Taxes, remuneration and social security | 45 | €17,782 | €14,251 | -€3,531 | -19.9% |
| Taxes | 450/3 | €17,782 | €12,151 | -€5,631 | -31.7% |
| Remuneration and social security | 454/9 | €0 | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €852,145 | €781,488 | -€70,657 | -8.3% |
| Accrued charges and deferred income | 492/3 | €2,605 | €0 | -€2,605 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,134 | €61,371 | +€2,237 | +3.8% |
| Other operating charges | 640/8 | €3,730 | €370 | -€3,359 | -90.1% |
| Gross operating margin | 9900 | €1,539 | €168,305 | +€166,766 | +10838.8% |
| Operating profit (loss) | 9901 | -€61,326 | €106,563 | +€167,889 | |
| Financial charges | 65/66B | €16,411 | €15,587 | -€824 | -5.0% |
| Recurring financial charges | 65 | €16,411 | €15,587 | -€824 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€77,737 | €90,976 | +€168,712 | |
| Income taxes | 67/77 | €205 | €6,084 | +€5,879 | +2867.0% |
| Profit (loss) for the period | 9904 | -€77,942 | €84,892 | +€162,833 | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,942 | €84,892 | +€162,833 |
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 4 October 2026 via checked.be.