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Lecs: what changed

What changed

Lecs

BE 0678.427.502
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€2,753
2024 · €18,005-€15,252
Equity
€9,118
2024 · €37,982-€28,864
Cash
€6,787
2024 · €52,910-€46,124
Balance sheet total
€102,448
2024 · €76,444+€26,004

Largest movements

2024 to 2025
Assets
  • Cash -€46,124

    down €46,124 (-87.2%), from €52,910 to €6,787

    mainly Investment in fixed assets (net) (-€59,488) and Receivables within one year (-€33,867)

  • Tangible fixed assets +€38,261

    up €38,261 (+293%), from €13,075 to €51,335

    of which Furniture and vehicles: +€38,817

  • Receivables within one year +€33,867

    up €33,867 (+324%), from €10,459 to €44,326

    of which Other amounts receivable: +€41,019

Equity and liabilities
  • Reserves -€28,864

    down €28,864 (-90.8%), from €31,782 to €2,918

    of which Distributable reserves: -€28,864

  • Other debts +€23,916

    up €23,916 (+129%), from €18,602 to €42,517

  • Debts after one year +€22,740

    up €22,740 (+3,310%), from €687 to €23,427

  • Trade debts +€5,218

    up €5,218 (+146%), from €3,571 to €8,789

  • Tax, wage and social debts +€3,798

    up €3,798 (+51.2%), from €7,413 to €11,212

    of which Taxes: +€2,198

Income statement
  • Gross operating margin -€12,974

    down €12,974 (-32.4%), from €40,003 to €27,029

  • Depreciation +€9,322

    up €9,322 (+78.3%), from €11,905 to €21,227

  • Taxes -€4,948

    down €4,948 (-83.9%), from €5,900 to €952

  • Other operating charges -€2,014

    down €2,014 (-84.2%), from €2,392 to €379

  • Financial charges +€703

    up €703 (+69.2%), from €1,016 to €1,718

Change in the result, 2024 to 2025

effect on the result

For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.

Result 2024 €18,005
Gross operating margin -€12,974
Depreciation -€9,322
Other operating charges +€2,014
Other operating items +€785
Financial income +€0
Financial charges -€703
Taxes +€4,948
Result 2025 €2,753
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.

From operations +€23,045
Investment -€59,488
Financing -€9,681
Cash 2024 €52,910
Net result for the year +€2,753
Depreciation +€21,227
Receivables within one year -€33,867
Trade debts +€5,218
Tax, wage and social debts +€3,798
Other debts +€23,916
Investment in fixed assets (net) -€59,488
Debts after one year +€22,740
Current portion of long-term debt -€804
Contributions, distributions and other -€31,617
Cash 2025 €6,787
brings cash intakes cash out
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €76,444 €102,448 +€26,004 +34.0%
Fixed assets 21/28 €13,075 €51,335 +€38,261 +293%
Tangible fixed assets 22/27 €13,075 €51,335 +€38,261 +293%
Plant, machinery and equipment 23 €1,726 €1,170 -€556 -32.2%
Furniture and vehicles 24 €11,348 €50,165 +€38,817 +342%
Current assets 29/58 €63,369 €51,113 -€12,257 -19.3%
Amounts receivable within one year 40/41 €10,459 €44,326 +€33,867 +324%
Trade receivables 40 €10,322 €3,169 -€7,152 -69.3%
Other amounts receivable 41 €137 €41,157 +€41,019 +29,876%
Cash at bank and in hand 54/58 €52,910 €6,787 -€46,124 -87.2%
Total equity and liabilities 10/49 €76,444 €102,448 +€26,004 +34.0%
Equity 10/15 €37,982 €9,118 -€28,864 -76.0%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €31,782 €2,918 -€28,864 -90.8%
Non-distributable reserves 130/1 €165 €165 = 0.0%
Reserves not available under the articles 1311 €165 €165 = 0.0%
Distributable reserves 133 €31,617 €2,753 -€28,864 -91.3%
Amounts payable 17/49 €38,462 €93,330 +€54,868 +143%
Amounts payable after more than one year 17 €687 €23,427 +€22,740 +3,310%
Financial debts 170/4 €687 €23,427 +€22,740 +3,310%
Amounts payable within one year 42/48 €37,775 €69,903 +€32,128 +85.1%
Current portion of amounts payable after more than one year 42 €8,189 €7,385 -€804 -9.8%
Trade debts 44 €3,571 €8,789 +€5,218 +146%
Suppliers 440/4 €3,571 €8,789 +€5,218 +146%
Taxes, remuneration and social security 45 €7,413 €11,212 +€3,798 +51.2%
Taxes 450/3 €7,413 €9,612 +€2,198 +29.7%
Remuneration and social security 454/9 - €1,600 +€1,600
Other amounts payable 47/48 €18,602 €42,517 +€23,916 +129%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €11,905 €21,227 +€9,322 +78.3%
Other operating charges 640/8 €2,392 €379 -€2,014 -84.2%
Non-recurring operating charges 66A €785 - -€785
Gross operating margin 9900 €40,003 €27,029 -€12,974 -32.4%
Operating profit (loss) 9901 €24,920 €5,423 -€19,497 -78.2%
Financial income 75/76B - €0 +€0
Recurring financial income 75 - €0 +€0
Financial charges 65/66B €1,016 €1,718 +€703 +69.2%
Recurring financial charges 65 €1,016 €1,718 +€703 +69.2%
Profit (loss) for the period before taxes 9903 €23,905 €3,705 -€20,200 -84.5%
Income taxes 67/77 €5,900 €952 -€4,948 -83.9%
Profit (loss) for the period 9904 €18,005 €2,753 -€15,252 -84.7%
Profit (loss) for the period to be appropriated 9905 €18,005 €2,753 -€15,252 -84.7%
Calculation and sources

Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.