LECOUTRE & PARTNERS: 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.
LECOUTRE & PARTNERS
Largest movements
- Deferred charges and accrued income -€24,239
down €24,239 (-96.2%), from €25,202 to €963
- Receivables within one year -€13,627
down €13,627 (-64.1%), from €21,264 to €7,637
of which Trade receivables: -€14,037
- Tangible fixed assets -€13,012
down €13,012 (-33.2%), from €39,158 to €26,145
of which Leasing and similar rights: -€13,352
- Cash -€5,019
down €5,019 (-79.0%), from €6,356 to €1,336
mainly Net result for the year (-€33,865) and Debts after one year (-€13,888)
- Profit (loss) carried forward -€33,865
down €33,865 (-6.1%), from -€557,358 to -€591,223
- Short-term financial debts +€14,855
new in 2025: €14,855
- Debts after one year -€13,888
down €13,888 (-49.4%), from €28,127 to €14,239
- Trade debts -€10,941
down €10,941 (-91.8%), from €11,914 to €973
- Other debts -€10,621
down €10,621 (-19.5%), from €54,558 to €43,937
- Gross operating margin -€14,621
down €14,621, from €4,663 to -€9,957
- Staff costs -€1,840
no longer reported in 2025 (was €1,840)
- Other operating charges +€598
up €598 (+66.2%), from €902 to €1,500
- Financial income -€590
no longer reported in 2025 (was €590)
- Financial charges -€325
down €325 (-7.5%), from €4,358 to €4,033
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 | €92,229 | €36,331 | -€55,897 | -60.6% |
| Fixed assets | 21/28 | €39,408 | €26,395 | -€13,012 | -33.0% |
| Tangible fixed assets | 22/27 | €39,158 | €26,145 | -€13,012 | -33.2% |
| Plant, machinery and equipment | 23 | €712 | - | -€712 | |
| Furniture and vehicles | 24 | - | €1,051 | +€1,051 | |
| Leasing and similar rights | 25 | €38,445 | €25,094 | -€13,352 | -34.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €52,821 | €9,936 | -€42,885 | -81.2% |
| Amounts receivable within one year | 40/41 | €21,264 | €7,637 | -€13,627 | -64.1% |
| Trade receivables | 40 | €21,264 | €7,227 | -€14,037 | -66.0% |
| Other amounts receivable | 41 | - | €410 | +€410 | |
| Cash at bank and in hand | 54/58 | €6,356 | €1,336 | -€5,019 | -79.0% |
| Deferred charges and accrued income | 490/1 | €25,202 | €963 | -€24,239 | -96.2% |
| Total equity and liabilities | 10/49 | €92,229 | €36,331 | -€55,897 | -60.6% |
| Equity | 10/15 | -€17,358 | -€51,223 | -€33,865 | -195% |
| Contributions | 10/11 | €540,000 | €540,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€557,358 | -€591,223 | -€33,865 | -6.1% |
| Amounts payable | 17/49 | €109,586 | €87,554 | -€22,032 | -20.1% |
| Amounts payable after more than one year | 17 | €28,127 | €14,239 | -€13,888 | -49.4% |
| Financial debts | 170/4 | €28,127 | €14,239 | -€13,888 | -49.4% |
| Amounts payable within one year | 42/48 | €81,459 | €73,315 | -€8,144 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €12,388 | €13,395 | +€1,007 | +8.1% |
| Financial debts | 43 | - | €14,855 | +€14,855 | |
| Credit institutions | 430/8 | - | €14,855 | +€14,855 | |
| Trade debts | 44 | €11,914 | €973 | -€10,941 | -91.8% |
| Suppliers | 440/4 | €11,914 | €973 | -€10,941 | -91.8% |
| Taxes, remuneration and social security | 45 | €2,599 | €155 | -€2,444 | -94.0% |
| Taxes | 450/3 | €2,599 | €155 | -€2,444 | -94.0% |
| Other amounts payable | 47/48 | €54,558 | €43,937 | -€10,621 | -19.5% |
| Remuneration, social security and pensions | 62 | €1,840 | - | -€1,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,199 | €14,235 | +€36 | +0.3% |
| Other operating charges | 640/8 | €902 | €1,500 | +€598 | +66.2% |
| Non-recurring operating charges | 66A | €5,338 | €3,981 | -€1,357 | -25.4% |
| Gross operating margin | 9900 | €4,663 | -€9,957 | -€14,621 | |
| Operating profit (loss) | 9901 | -€17,616 | -€29,673 | -€12,057 | -68.4% |
| Financial income | 75/76B | €590 | - | -€590 | |
| Recurring financial income | 75 | €590 | - | -€590 | |
| Financial charges | 65/66B | €4,358 | €4,033 | -€325 | -7.5% |
| Recurring financial charges | 65 | €4,358 | €4,033 | -€325 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,384 | -€33,706 | -€12,322 | -57.6% |
| Income taxes | 67/77 | €220 | €159 | -€61 | -27.6% |
| Profit (loss) for the period | 9904 | -€21,604 | -€33,865 | -€12,261 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,604 | -€33,865 | -€12,261 | -56.8% |
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 22 October 2026 via checked.be.