LECOYER: 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.
LECOYER
Largest movements
- Receivables within one year -€65,660
down €65,660 (-76.0%), from €86,358 to €20,699
of which Other amounts receivable: -€34,817
- Cash -€2,359
down €2,359 (-50.2%), from €4,697 to €2,338
mainly Other debts (-€47,736) and Net result for the year (-€14,244)
- Tangible fixed assets -€1,631
down €1,631 (-57.3%), from €2,847 to €1,217
of which Furniture and vehicles: -€1,205
- Other debts -€47,736
down €47,736 (-79.6%), from €60,000 to €12,264
- Reserves -€14,244
down €14,244 (-25.5%), from €55,754 to €41,510
of which Distributable reserves: -€14,244
- Trade debts -€2,364
down €2,364 (-9.9%), from €23,787 to €21,423
- Short-term financial debts -€2,037
down €2,037 (-67.0%), from €3,038 to €1,001
- Tax, wage and social debts -€1,864
down €1,864 (-35.1%), from €5,309 to €3,445
- Financial charges -€113,182
down €113,182 (-99.5%), from €113,749 to €567
- Gross operating margin -€22,426
down €22,426, from €11,166 to -€11,260
- Taxes -€16,788
down €16,788 (-97.3%), from €17,258 to €471
- Depreciation -€3,719
down €3,719 (-69.5%), from €5,349 to €1,631
- Financial income -€2,530
down €2,530 (-71.6%), from €3,535 to €1,005
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 | €160,288 | €92,043 | -€68,245 | -42.6% |
| Fixed assets | 21/28 | €60,377 | €58,747 | -€1,631 | -2.7% |
| Tangible fixed assets | 22/27 | €2,847 | €1,217 | -€1,631 | -57.3% |
| Plant, machinery and equipment | 23 | €426 | €0 | -€426 | -100.0% |
| Furniture and vehicles | 24 | €2,421 | €1,217 | -€1,205 | -49.7% |
| Financial fixed assets | 28 | €57,530 | €57,530 | = | 0.0% |
| Current assets | 29/58 | €99,911 | €33,296 | -€66,615 | -66.7% |
| Amounts receivable within one year | 40/41 | €86,358 | €20,699 | -€65,660 | -76.0% |
| Trade receivables | 40 | €51,497 | €20,655 | -€30,842 | -59.9% |
| Other amounts receivable | 41 | €34,861 | €44 | -€34,817 | -99.9% |
| Current investments | 50/53 | €7,259 | €7,382 | +€123 | +1.7% |
| Cash at bank and in hand | 54/58 | €4,697 | €2,338 | -€2,359 | -50.2% |
| Deferred charges and accrued income | 490/1 | €1,597 | €2,878 | +€1,280 | +80.1% |
| Total equity and liabilities | 10/49 | €160,288 | €92,043 | -€68,245 | -42.6% |
| Equity | 10/15 | €68,154 | €53,910 | -€14,244 | -20.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,754 | €41,510 | -€14,244 | -25.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €55,754 | €41,510 | -€14,244 | -25.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,134 | €38,133 | -€54,001 | -58.6% |
| Amounts payable within one year | 42/48 | €92,134 | €38,133 | -€54,001 | -58.6% |
| Financial debts | 43 | €3,038 | €1,001 | -€2,037 | -67.0% |
| Credit institutions | 430/8 | €3,038 | €1,001 | -€2,037 | -67.0% |
| Trade debts | 44 | €23,787 | €21,423 | -€2,364 | -9.9% |
| Suppliers | 440/4 | €23,787 | €21,423 | -€2,364 | -9.9% |
| Taxes, remuneration and social security | 45 | €5,309 | €3,445 | -€1,864 | -35.1% |
| Taxes | 450/3 | €5,309 | €3,445 | -€1,864 | -35.1% |
| Other amounts payable | 47/48 | €60,000 | €12,264 | -€47,736 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,349 | €1,631 | -€3,719 | -69.5% |
| Other operating charges | 640/8 | €606 | €1,321 | +€715 | +117.9% |
| Non-recurring operating charges | 66A | €100,000 | €0 | -€100,000 | -100.0% |
| Gross operating margin | 9900 | €11,166 | -€11,260 | -€22,426 | |
| Operating profit (loss) | 9901 | -€94,789 | -€14,212 | +€80,577 | +85.0% |
| Financial income | 75/76B | €3,535 | €1,005 | -€2,530 | -71.6% |
| Recurring financial income | 75 | €3,535 | €1,005 | -€2,530 | -71.6% |
| Financial charges | 65/66B | €113,749 | €567 | -€113,182 | -99.5% |
| Recurring financial charges | 65 | €113,749 | €567 | -€113,182 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | -€205,003 | -€13,774 | +€191,230 | +93.3% |
| Income taxes | 67/77 | €17,258 | €471 | -€16,788 | -97.3% |
| Profit (loss) for the period | 9904 | -€222,262 | -€14,244 | +€208,018 | +93.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€222,262 | -€14,244 | +€208,018 | +93.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.