LECOT-NEDERLAND: 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.
LECOT-NEDERLAND
Largest movements
- Cash -€297,739
down €297,739 (-72.9%), from €408,669 to €110,930
mainly Contributions, distributions and other (-€700,000) and Trade debts (-€151,793)
- Receivables within one year +€135,364
up €135,364 (+9.1%), from €1.5m to €1.6m
of which Trade receivables: +€134,803
- Tangible fixed assets -€28,155
down €28,155 (-11.5%), from €244,943 to €216,789
of which Land and buildings: -€22,119
- Trade debts -€151,793
down €151,793 (-29.2%), from €519,576 to €367,783
- Tax, wage and social debts -€31,021
down €31,021 (-8.3%), from €373,369 to €342,348
of which Taxes: -€42,508
- Staff costs +€127,799
up €127,799 (+7.5%), from €1.7m to €1.8m
- Gross operating margin +€106,163
up €106,163 (+4.1%), from €2.6m to €2.7m
- Other operating charges +€50,659
up €50,659 (+1,247%), from €4,063 to €54,722
- Write-downs -€46,051
down €46,051, from €13,795 to -€32,257
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 | €2,195,054 | €2,005,262 | -€189,791 | -8.6% |
| Fixed assets | 21/28 | €248,143 | €218,789 | -€29,355 | -11.8% |
| Tangible fixed assets | 22/27 | €244,943 | €216,789 | -€28,155 | -11.5% |
| Land and buildings | 22 | €177,341 | €155,222 | -€22,119 | -12.5% |
| Plant, machinery and equipment | 23 | - | €4,863 | +€4,863 | |
| Furniture and vehicles | 24 | €67,602 | €53,431 | -€14,171 | -21.0% |
| Other tangible fixed assets | 26 | - | €3,272 | +€3,272 | |
| Financial fixed assets | 28 | €3,200 | €2,000 | -€1,200 | -37.5% |
| Current assets | 29/58 | €1,946,911 | €1,786,474 | -€160,437 | -8.2% |
| Stocks and contracts in progress | 3 | €12,423 | €12,318 | -€105 | -0.8% |
| Stocks | 30/36 | €12,423 | €12,318 | -€105 | -0.8% |
| Amounts receivable within one year | 40/41 | €1,490,703 | €1,626,066 | +€135,364 | +9.1% |
| Trade receivables | 40 | €1,490,703 | €1,625,506 | +€134,803 | +9.0% |
| Other amounts receivable | 41 | - | €561 | +€561 | |
| Cash at bank and in hand | 54/58 | €408,669 | €110,930 | -€297,739 | -72.9% |
| Deferred charges and accrued income | 490/1 | €35,116 | €37,160 | +€2,044 | +5.8% |
| Total equity and liabilities | 10/49 | €2,195,054 | €2,005,262 | -€189,791 | -8.6% |
| Equity | 10/15 | €1,285,636 | €1,294,929 | +€9,292 | +0.7% |
| Contributions | 10/11 | €71,889 | €71,889 | = | 0.0% |
| Capital | 10 | €71,889 | €71,889 | = | 0.0% |
| Issued capital | 100 | €71,889 | €71,889 | = | 0.0% |
| Reserves | 13 | €1,213,747 | €1,223,039 | +€9,292 | +0.8% |
| Non-distributable reserves | 130/1 | €7,189 | €7,189 | = | 0.0% |
| Legal reserve | 130 | €7,189 | €7,189 | = | 0.0% |
| Distributable reserves | 133 | €1,206,558 | €1,215,851 | +€9,292 | +0.8% |
| Amounts payable | 17/49 | €909,417 | €710,334 | -€199,084 | -21.9% |
| Amounts payable within one year | 42/48 | €901,171 | €710,334 | -€190,837 | -21.2% |
| Trade debts | 44 | €519,576 | €367,783 | -€151,793 | -29.2% |
| Suppliers | 440/4 | €519,576 | €367,783 | -€151,793 | -29.2% |
| Advances received on contracts in progress | 46 | €8,225 | €203 | -€8,023 | -97.5% |
| Taxes, remuneration and social security | 45 | €373,369 | €342,348 | -€31,021 | -8.3% |
| Taxes | 450/3 | €290,038 | €247,530 | -€42,508 | -14.7% |
| Remuneration and social security | 454/9 | €83,331 | €94,818 | +€11,487 | +13.8% |
| Accrued charges and deferred income | 492/3 | €8,247 | - | -€8,247 | |
| Remuneration, social security and pensions | 62 | €1,702,001 | €1,829,800 | +€127,799 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,144 | €41,313 | +€16,169 | +64.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,795 | -€32,257 | -€46,051 | |
| Other operating charges | 640/8 | €4,063 | €54,722 | +€50,659 | +1,247% |
| Gross operating margin | 9900 | €2,567,113 | €2,673,276 | +€106,163 | +4.1% |
| Operating profit (loss) | 9901 | €822,111 | €779,698 | -€42,413 | -5.2% |
| Financial income | 75/76B | €282,725 | €295,858 | +€13,133 | +4.6% |
| Recurring financial income | 75 | €282,725 | €295,858 | +€13,133 | +4.6% |
| Financial charges | 65/66B | €108,679 | €128,033 | +€19,354 | +17.8% |
| Recurring financial charges | 65 | €108,679 | €128,033 | +€19,354 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €996,157 | €947,524 | -€48,634 | -4.9% |
| Income taxes | 67/77 | €252,938 | €238,231 | -€14,706 | -5.8% |
| Profit (loss) for the period | 9904 | €743,220 | €709,292 | -€33,927 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €743,220 | €709,292 | -€33,927 | -4.6% |
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 18 October 2026 via checked.be.