LEE: 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.
LEE
Largest movements
- Tangible fixed assets -€43,660
down €43,660 (-4.4%), from €994,678 to €951,018
of which Land and buildings: -€22,904
- Debts after one year -€68,636
down €68,636 (-9.6%), from €713,687 to €645,051
- Profit (loss) carried forward +€14,549
up €14,549 (+39.3%), from -€37,007 to -€22,458
- Financial charges -€1,377
down €1,377 (-7.9%), from €17,343 to €15,966
- Gross operating margin +€1,081
up €1,081 (+1.4%), from €75,720 to €76,801
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 | €1,011,643 | €963,320 | -€48,323 | -4.8% |
| Fixed assets | 21/28 | €994,678 | €951,018 | -€43,660 | -4.4% |
| Tangible fixed assets | 22/27 | €994,678 | €951,018 | -€43,660 | -4.4% |
| Land and buildings | 22 | €862,615 | €839,711 | -€22,904 | -2.7% |
| Plant, machinery and equipment | 23 | €115,340 | €100,189 | -€15,151 | -13.1% |
| Furniture and vehicles | 24 | €16,723 | €11,118 | -€5,605 | -33.5% |
| Current assets | 29/58 | €16,965 | €12,302 | -€4,663 | -27.5% |
| Amounts receivable within one year | 40/41 | €13,662 | €5,667 | -€7,995 | -58.5% |
| Trade receivables | 40 | €8,721 | €726 | -€7,995 | -91.7% |
| Other amounts receivable | 41 | €4,941 | €4,941 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,303 | €6,635 | +€3,332 | +100.9% |
| Total equity and liabilities | 10/49 | €1,011,643 | €963,320 | -€48,323 | -4.8% |
| Equity | 10/15 | €62,993 | €77,542 | +€14,549 | +23.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,007 | -€22,458 | +€14,549 | +39.3% |
| Amounts payable | 17/49 | €948,650 | €885,778 | -€62,872 | -6.6% |
| Amounts payable after more than one year | 17 | €713,687 | €645,051 | -€68,636 | -9.6% |
| Financial debts | 170/4 | €713,687 | €645,051 | -€68,636 | -9.6% |
| Amounts payable within one year | 42/48 | €234,963 | €240,727 | +€5,764 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €74,113 | €68,636 | -€5,476 | -7.4% |
| Trade debts | 44 | €189 | €667 | +€478 | +252.7% |
| Suppliers | 440/4 | €189 | €667 | +€478 | +252.7% |
| Advances received on contracts in progress | 46 | - | €9,094 | +€9,094 | |
| Taxes, remuneration and social security | 45 | €2,943 | €4,611 | +€1,668 | +56.7% |
| Taxes | 450/3 | €2,943 | €4,611 | +€1,668 | +56.7% |
| Other amounts payable | 47/48 | €157,718 | €157,718 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,862 | €44,930 | +€68 | +0.2% |
| Other operating charges | 640/8 | €1,463 | €1,356 | -€107 | -7.3% |
| Gross operating margin | 9900 | €75,720 | €76,801 | +€1,081 | +1.4% |
| Operating profit (loss) | 9901 | €29,395 | €30,515 | +€1,120 | +3.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €17,343 | €15,966 | -€1,377 | -7.9% |
| Recurring financial charges | 65 | €17,343 | €15,966 | -€1,377 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €12,053 | €14,549 | +€2,496 | +20.7% |
| Profit (loss) for the period | 9904 | €12,053 | €14,549 | +€2,496 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,053 | €14,549 | +€2,496 | +20.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.