Lecoutere: 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.
Lecoutere
Largest movements
- Stocks and contracts +€101,270
up €101,270 (+118%), from €85,724 to €186,994
- Tangible fixed assets -€42,789
down €42,789 (-21.2%), from €201,661 to €158,872
of which Land and buildings: -€33,352
- Reserves +€80,074
up €80,074 (+15.9%), from €503,478 to €583,551
of which Distributable reserves: +€80,074
- Trade debts -€24,631
down €24,631 (-20.9%), from €118,007 to €93,376
- Current portion of long-term debt -€13,346
no longer reported in 2025 (was €13,346)
- Gross operating margin +€150,682
up €150,682 (+113%), from €133,026 to €283,708
- Write-downs -€46,821
down €46,821 (-90.4%), from €51,813 to €4,991
- Taxes +€31,556
up €31,556 (+2,652%), from €1,190 to €32,746
- Other operating charges +€15,405
up €15,405 (+174%), from €8,844 to €24,248
- Staff costs +€5,665
up €5,665 (+5.9%), from €96,594 to €102,259
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 | €972,444 | €1,010,767 | +€38,323 | +3.9% |
| Fixed assets | 21/28 | €201,661 | €158,872 | -€42,789 | -21.2% |
| Tangible fixed assets | 22/27 | €201,661 | €158,872 | -€42,789 | -21.2% |
| Land and buildings | 22 | €183,510 | €150,158 | -€33,352 | -18.2% |
| Plant, machinery and equipment | 23 | €3,597 | €2,733 | -€864 | -24.0% |
| Furniture and vehicles | 24 | €14,554 | €5,980 | -€8,573 | -58.9% |
| Current assets | 29/58 | €770,783 | €851,896 | +€81,112 | +10.5% |
| Stocks and contracts in progress | 3 | €85,724 | €186,994 | +€101,270 | +118% |
| Stocks | 30/36 | €85,724 | €186,994 | +€101,270 | +118% |
| Amounts receivable within one year | 40/41 | €397,188 | €387,615 | -€9,573 | -2.4% |
| Trade receivables | 40 | €347,640 | €371,416 | +€23,776 | +6.8% |
| Other amounts receivable | 41 | €49,548 | €16,199 | -€33,349 | -67.3% |
| Cash at bank and in hand | 54/58 | €284,809 | €277,101 | -€7,709 | -2.7% |
| Deferred charges and accrued income | 490/1 | €3,063 | €186 | -€2,877 | -93.9% |
| Total equity and liabilities | 10/49 | €972,444 | €1,010,767 | +€38,323 | +3.9% |
| Equity | 10/15 | €755,556 | €835,630 | +€80,074 | +10.6% |
| Contributions | 10/11 | €252,079 | €252,079 | = | 0.0% |
| Reserves | 13 | €503,478 | €583,551 | +€80,074 | +15.9% |
| Non-distributable reserves | 130/1 | €25,208 | €25,208 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,208 | €25,208 | = | 0.0% |
| Distributable reserves | 133 | €478,270 | €558,343 | +€80,074 | +16.7% |
| Amounts payable | 17/49 | €216,888 | €175,137 | -€41,751 | -19.2% |
| Amounts payable within one year | 42/48 | €216,888 | €175,137 | -€41,751 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €13,346 | - | -€13,346 | |
| Trade debts | 44 | €118,007 | €93,376 | -€24,631 | -20.9% |
| Suppliers | 440/4 | €118,007 | €93,376 | -€24,631 | -20.9% |
| Taxes, remuneration and social security | 45 | €49,800 | €47,110 | -€2,690 | -5.4% |
| Taxes | 450/3 | €29,140 | €28,346 | -€794 | -2.7% |
| Remuneration and social security | 454/9 | €20,661 | €18,764 | -€1,896 | -9.2% |
| Other amounts payable | 47/48 | €35,734 | €34,651 | -€1,083 | -3.0% |
| Non-recurring operating income | 76A | €17,053 | €794 | -€16,260 | -95.3% |
| Remuneration, social security and pensions | 62 | €96,594 | €102,259 | +€5,665 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,815 | €45,669 | -€2,146 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,813 | €4,991 | -€46,821 | -90.4% |
| Other operating charges | 640/8 | €8,844 | €24,248 | +€15,405 | +174% |
| Non-recurring operating charges | 66A | - | €2,898 | +€2,898 | |
| Gross operating margin | 9900 | €133,026 | €283,708 | +€150,682 | +113% |
| Operating profit (loss) | 9901 | -€72,039 | €103,643 | +€175,682 | |
| Financial income | 75/76B | €17,704 | €15,675 | -€2,029 | -11.5% |
| Recurring financial income | 75 | €17,704 | €15,675 | -€2,029 | -11.5% |
| Financial charges | 65/66B | €8,741 | €6,499 | -€2,243 | -25.7% |
| Recurring financial charges | 65 | €8,741 | €6,499 | -€2,243 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€63,076 | €112,820 | +€175,896 | |
| Income taxes | 67/77 | €1,190 | €32,746 | +€31,556 | +2,652% |
| Profit (loss) for the period | 9904 | -€64,266 | €80,074 | +€144,340 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,266 | €80,074 | +€144,340 |
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 21 October 2026 via checked.be.