LECSIM: 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.
LECSIM
Largest movements
- Tangible fixed assets -€32,863
down €32,863 (-2.8%), from €1.2m to €1.1m
- Debts after one year -€59,822
down €59,822 (-6.0%), from €999,182 to €939,359
- Profit (loss) carried forward +€14,202
no longer reported in 2025 (was -€14,202)
- Taxes +€2,267
new in 2025: €2,267
- Financial charges -€1,101
down €1,101 (-5.1%), from €21,577 to €20,476
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 | €1,180,954 | €1,154,172 | -€26,783 | -2.3% |
| Fixed assets | 21/28 | €1,173,310 | €1,140,447 | -€32,863 | -2.8% |
| Tangible fixed assets | 22/27 | €1,173,310 | €1,140,447 | -€32,863 | -2.8% |
| Land and buildings | 22 | €1,173,310 | €1,140,447 | -€32,863 | -2.8% |
| Current assets | 29/58 | €7,645 | €13,724 | +€6,080 | +79.5% |
| Cash at bank and in hand | 54/58 | €7,049 | €13,202 | +€6,152 | +87.3% |
| Deferred charges and accrued income | 490/1 | €595 | €522 | -€73 | -12.2% |
| Total equity and liabilities | 10/49 | €1,180,954 | €1,154,172 | -€26,783 | -2.3% |
| Equity | 10/15 | €60,798 | €83,352 | +€22,555 | +37.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | - | €8,352 | +€8,352 | |
| Distributable reserves | 133 | - | €8,352 | +€8,352 | |
| Profit (loss) carried forward | 14 | -€14,202 | - | +€14,202 | |
| Amounts payable | 17/49 | €1,120,157 | €1,070,819 | -€49,338 | -4.4% |
| Amounts payable after more than one year | 17 | €999,182 | €939,359 | -€59,822 | -6.0% |
| Financial debts | 170/4 | €999,182 | €939,359 | -€59,822 | -6.0% |
| Amounts payable within one year | 42/48 | €120,975 | €131,460 | +€10,485 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €58,668 | €59,822 | +€1,154 | +2.0% |
| Trade debts | 44 | €6,623 | €13,686 | +€7,063 | +107% |
| Suppliers | 440/4 | €6,623 | €13,686 | +€7,063 | +107% |
| Taxes, remuneration and social security | 45 | - | €2,267 | +€2,267 | |
| Taxes | 450/3 | - | €2,267 | +€2,267 | |
| Other amounts payable | 47/48 | €55,685 | €55,685 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,863 | €32,863 | = | 0.0% |
| Other operating charges | 640/8 | €9,307 | €8,482 | -€825 | -8.9% |
| Gross operating margin | 9900 | €86,548 | €86,643 | +€95 | +0.1% |
| Operating profit (loss) | 9901 | €44,378 | €45,298 | +€920 | +2.1% |
| Financial charges | 65/66B | €21,577 | €20,476 | -€1,101 | -5.1% |
| Recurring financial charges | 65 | €21,577 | €20,476 | -€1,101 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €22,801 | €24,822 | +€2,021 | +8.9% |
| Income taxes | 67/77 | - | €2,267 | +€2,267 | |
| Profit (loss) for the period | 9904 | €22,801 | €22,555 | -€247 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,801 | €22,555 | -€247 | -1.1% |
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 14 October 2026 via checked.be.