LECOT: 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.
What changed
LECOT
NACE 46.841, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €1.8m+€309,538
Equity
€52.0m
2024 · €50.6m+€1.5m
Cash
€1.9m
2024 · €619,653+€1.3m
Balance sheet total
€128.0m
2024 · €116.0m+€12.0m
Largest movements
Assets
- Receivables within one year +€4.3m
up €4.3m (+19.4%), from €22.0m to €26.3m
of which Other amounts receivable: +€2.3m
- Stocks and contracts +€3.4m
up €3.4m (+6.3%), from €53.8m to €57.2m
- Tangible fixed assets +€2.4m
up €2.4m (+10.1%), from €24.3m to €26.8m
of which Plant, machinery and equipment: +€3.2m
Equity and liabilities
- Short-term financial debts +€8.9m
up €8.9m (+44.9%), from €19.9m to €28.8m
- Reserves +€1.5m
up €1.5m (+3.1%), from €46.5m to €48.0m
of which Distributable reserves: +€1.5m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€1.8m
Turnover
+€2.6m
Other operating income
+€465,458
Goods and materials
-€727,745
Services and other goods
-€222,590
Staff costs
-€676,031
Depreciation
-€976,340
Write-downs
-€176,499
Provisions
+€40,285
Other operating charges
-€166,625
Financial income
+€112,293
Financial charges
+€41,609
Taxes
+€24,570
Deferred taxes and other
-€25
Result 2025
€2.1m
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.
From operations
+€997,556
Investment
-€8.5m
Financing
+€8.8m
Cash 2024
€619,653
From operations (derived)
+€997,556
Net result for the year
+€2.1m
Depreciation
+€5.4m
Stocks and contracts
-€3.4m
Receivables within one year
-€4.3m
Deferred charges and accrued income
+€55,525
Provisions
-€28,546
Trade debts
+€1.1m
Tax, wage and social debts
+€131,986
Advances received
-€24,966
Other debts
+€23,694
Accrued charges and deferred income
-€76,929
Investment (derived)
-€8.5m
Investment in fixed assets (net)
-€8.5m
Financing
+€8.8m
Debts after one year
+€50,159
Current portion of long-term debt
+€473,042
Short-term financial debts
+€8.9m
Contributions, distributions and other
-€681,427
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,037,014 | €128,046,186 | +€12.0m | +10.3% |
| Fixed assets | 21/28 | €38,773,521 | €41,884,776 | +€3.1m | +8.0% |
| Intangible fixed assets | 21 | €1,267,739 | €1,949,550 | +€681,810 | +53.8% |
| Tangible fixed assets | 22/27 | €24,334,010 | €26,782,150 | +€2.4m | +10.1% |
| Land and buildings | 22 | €13,819,723 | €13,348,541 | -€471,182 | -3.4% |
| Plant, machinery and equipment | 23 | €5,968,787 | €9,145,602 | +€3.2m | +53.2% |
| Furniture and vehicles | 24 | €1,166,221 | €669,733 | -€496,488 | -42.6% |
| Leasing and similar rights | 25 | €6,172 | €0 | -€6,172 | -100.0% |
| Other tangible fixed assets | 26 | €3,373,107 | €3,618,274 | +€245,166 | +7.3% |
| Financial fixed assets | 28 | €13,171,771 | €13,153,077 | -€18,694 | -0.1% |
| Affiliated companies | 280/1 | €13,004,099 | €13,004,099 | = | 0.0% |
| Participating interests | 280 | €13,004,099 | €13,004,099 | = | 0.0% |
| Other financial fixed assets | 284/8 | €167,672 | €148,978 | -€18,694 | -11.1% |
| Shares | 284 | €139,309 | €139,309 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €28,363 | €9,669 | -€18,694 | -65.9% |
| Current assets | 29/58 | €77,263,493 | €86,161,410 | +€8.9m | +11.5% |
| Stocks and contracts in progress | 3 | €53,812,734 | €57,208,225 | +€3.4m | +6.3% |
| Stocks | 30/36 | €53,812,734 | €57,208,225 | +€3.4m | +6.3% |
| Goods purchased for resale | 34 | €53,812,734 | €57,208,225 | +€3.4m | +6.3% |
| Amounts receivable within one year | 40/41 | €22,045,713 | €26,327,410 | +€4.3m | +19.4% |
| Trade receivables | 40 | €14,090,539 | €16,100,842 | +€2.0m | +14.3% |
| Other amounts receivable | 41 | €7,955,174 | €10,226,568 | +€2.3m | +28.6% |
| Cash at bank and in hand | 54/58 | €619,653 | €1,895,906 | +€1.3m | +206.0% |
| Deferred charges and accrued income | 490/1 | €785,394 | €729,868 | -€55,525 | -7.1% |
| Total equity and liabilities | 10/49 | €116,037,014 | €128,046,186 | +€12.0m | +10.3% |
| Equity | 10/15 | €50,583,713 | €52,035,291 | +€1.5m | +2.9% |
| Contributions | 10/11 | €3,996,155 | €3,996,155 | = | 0.0% |
| Capital | 10 | €3,995,986 | €3,995,986 | = | 0.0% |
| Issued capital | 100 | €3,995,986 | €3,995,986 | = | 0.0% |
| Contributions outside capital | 11 | €169 | €169 | = | 0.0% |
| Share premium | 1100/10 | €169 | €169 | = | 0.0% |
| Revaluation surpluses | 12 | €70,094 | €70,094 | = | 0.0% |
| Reserves | 13 | €46,517,464 | €47,969,042 | +€1.5m | +3.1% |
| Non-distributable reserves | 130/1 | €399,599 | €399,599 | = | 0.0% |
| Legal reserve | 130 | €399,599 | €399,599 | = | 0.0% |
| Tax-exempt reserves | 132 | €921,049 | €876,502 | -€44,548 | -4.8% |
| Distributable reserves | 133 | €45,196,816 | €46,692,942 | +€1.5m | +3.3% |
| Provisions and deferred taxes | 16 | €614,604 | €586,058 | -€28,546 | -4.6% |
| Provisions for liabilities and charges | 160/5 | €366,017 | €352,320 | -€13,697 | -3.7% |
| Other liabilities and charges | 164/5 | €366,017 | €352,320 | -€13,697 | -3.7% |
| Deferred taxes | 168 | €248,586 | €233,737 | -€14,849 | -6.0% |
| Amounts payable | 17/49 | €64,838,698 | €75,424,837 | +€10.6m | +16.3% |
| Amounts payable after more than one year | 17 | €17,999,127 | €18,049,286 | +€50,159 | +0.3% |
| Financial debts | 170/4 | €17,999,127 | €18,049,286 | +€50,159 | +0.3% |
| Credit institutions | 173 | €17,049,127 | €17,099,286 | +€50,159 | +0.3% |
| Other loans | 174 | €950,000 | €950,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,494,646 | €57,107,556 | +€10.6m | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €3,298,152 | €3,771,194 | +€473,042 | +14.3% |
| Financial debts | 43 | €19,877,520 | €28,806,765 | +€8.9m | +44.9% |
| Credit institutions | 430/8 | €19,877,520 | €28,806,765 | +€8.9m | +44.9% |
| Trade debts | 44 | €13,117,348 | €14,197,257 | +€1.1m | +8.2% |
| Suppliers | 440/4 | €13,117,348 | €14,197,257 | +€1.1m | +8.2% |
| Advances received on contracts in progress | 46 | €735,314 | €710,347 | -€24,966 | -3.4% |
| Taxes, remuneration and social security | 45 | €8,699,424 | €8,831,410 | +€131,986 | +1.5% |
| Taxes | 450/3 | €2,490,563 | €2,921,037 | +€430,474 | +17.3% |
| Remuneration and social security | 454/9 | €6,208,861 | €5,910,373 | -€298,488 | -4.8% |
| Other amounts payable | 47/48 | €766,888 | €790,582 | +€23,694 | +3.1% |
| Accrued charges and deferred income | 492/3 | €344,925 | €267,995 | -€76,929 | -22.3% |
| Operating income | 70/76A | €258,468,345 | €261,504,984 | +€3.0m | +1.2% |
| Turnover | 70 | €256,602,649 | €259,173,830 | +€2.6m | +1.0% |
| Other operating income | 74 | €1,865,696 | €2,331,154 | +€465,458 | +24.9% |
| Operating charges | 60/66A | €257,075,982 | €259,981,529 | +€2.9m | +1.1% |
| Goods for resale, raw materials and consumables | 60 | €175,236,678 | €175,964,423 | +€727,745 | +0.4% |
| Purchases | 600/8 | €177,364,540 | €179,266,232 | +€1.9m | +1.1% |
| Change in stocks: decrease (increase) | 609 | -€2,127,863 | -€3,301,809 | -€1.2m | -55.2% |
| Services and other goods | 61 | €32,973,600 | €33,196,190 | +€222,590 | +0.7% |
| Remuneration, social security and pensions | 62 | €43,627,626 | €44,303,658 | +€676,031 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,404,727 | €5,381,067 | +€976,340 | +22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,883 | €159,617 | +€176,499 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €26,588 | -€13,697 | -€40,285 | |
| Other operating charges | 640/8 | €823,646 | €990,271 | +€166,625 | +20.2% |
| Operating profit (loss) | 9901 | €1,392,363 | €1,523,455 | +€131,092 | +9.4% |
| Financial income | 75/76B | €4,111,097 | €4,223,389 | +€112,293 | +2.7% |
| Recurring financial income | 75 | €4,111,097 | €4,223,389 | +€112,293 | +2.7% |
| Income from financial fixed assets | 750 | €706,090 | €707,155 | +€1,065 | +0.2% |
| Income from current assets | 751 | €98,656 | €99,146 | +€490 | +0.5% |
| Other financial income | 752/9 | €3,306,351 | €3,417,088 | +€110,738 | +3.3% |
| Financial charges | 65/66B | €3,406,116 | €3,364,507 | -€41,609 | -1.2% |
| Recurring financial charges | 65 | €3,406,116 | €3,364,507 | -€41,609 | -1.2% |
| Debt charges | 650 | €2,318,942 | €2,319,409 | +€468 | 0.0% |
| Other financial charges | 652/9 | €1,087,174 | €1,045,098 | -€42,077 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €2,097,344 | €2,382,338 | +€284,994 | +13.6% |
| Transfer from deferred taxes | 780 | €14,875 | €14,849 | -€25 | -0.2% |
| Income taxes | 67/77 | €288,751 | €264,181 | -€24,570 | -8.5% |
| Taxes | 670/3 | €291,833 | €264,181 | -€27,652 | -9.5% |
| Tax adjustments and reversals of tax provisions | 77 | €3,082 | - | -€3,082 | |
| Profit (loss) for the period | 9904 | €1,823,467 | €2,133,005 | +€309,538 | +17.0% |
| Transfer from tax-exempt reserves | 789 | €255,124 | €44,548 | -€210,576 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,078,591 | €2,177,553 | +€98,962 | +4.8% |
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 10 October 2026 via checked.be.