Lee Elektro: 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.
Lee Elektro
Largest movements
- Receivables within one year +€37,246
up €37,246 (+46.9%), from €79,386 to €116,632
of which Trade receivables: +€32,591
- Cash -€28,000
down €28,000 (-91.2%), from €30,711 to €2,712
mainly Current portion of long-term debt (-€91,147) and Receivables within one year (-€37,246)
- Stocks and contracts -€23,404
down €23,404 (-6.6%), from €356,844 to €333,440
of which Contracts in progress: -€22,875
- Tangible fixed assets +€6,824
up €6,824 (+17.1%), from €39,879 to €46,703
of which Plant, machinery and equipment: +€15,134
- Current portion of long-term debt -€91,147
down €91,147 (-80.0%), from €113,919 to €22,772
- Short-term financial debts +€58,986
up €58,986 (+59.0%), from €100,000 to €158,986
- Trade debts +€23,011
up €23,011 (+12.2%), from €188,616 to €211,627
- Debts after one year -€16,667
down €16,667 (-100%), from €16,667 to €0
- Tax, wage and social debts +€9,963
up €9,963 (+28.5%), from €35,008 to €44,971
of which Remuneration and social security: +€6,457
- Staff costs +€46,923
up €46,923 (+14.9%), from €315,933 to €362,856
- Gross operating margin +€29,001
up €29,001 (+7.4%), from €392,337 to €421,338
- Financial charges -€9,855
down €9,855 (-28.0%), from €35,159 to €25,304
- Depreciation -€5,156
down €5,156 (-26.7%), from €19,302 to €14,146
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 | €512,394 | €501,819 | -€10,574 | -2.1% |
| Fixed assets | 21/28 | €39,879 | €46,703 | +€6,824 | +17.1% |
| Tangible fixed assets | 22/27 | €39,879 | €46,703 | +€6,824 | +17.1% |
| Plant, machinery and equipment | 23 | €6,599 | €21,733 | +€15,134 | +229% |
| Furniture and vehicles | 24 | €26,910 | €24,970 | -€1,940 | -7.2% |
| Leasing and similar rights | 25 | €6,370 | €0 | -€6,370 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €472,514 | €455,116 | -€17,398 | -3.7% |
| Stocks and contracts in progress | 3 | €356,844 | €333,440 | -€23,404 | -6.6% |
| Stocks | 30/36 | €128,089 | €127,561 | -€529 | -0.4% |
| Contracts in progress | 37 | €228,754 | €205,879 | -€22,875 | -10.0% |
| Amounts receivable within one year | 40/41 | €79,386 | €116,632 | +€37,246 | +46.9% |
| Trade receivables | 40 | €64,462 | €97,054 | +€32,591 | +50.6% |
| Other amounts receivable | 41 | €14,923 | €19,578 | +€4,655 | +31.2% |
| Cash at bank and in hand | 54/58 | €30,711 | €2,712 | -€28,000 | -91.2% |
| Deferred charges and accrued income | 490/1 | €5,574 | €2,333 | -€3,241 | -58.1% |
| Total equity and liabilities | 10/49 | €512,394 | €501,819 | -€10,574 | -2.1% |
| Equity | 10/15 | €32,782 | €36,511 | +€3,729 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,182 | €17,911 | +€3,729 | +26.3% |
| Distributable reserves | 133 | €14,182 | €17,911 | +€3,729 | +26.3% |
| Amounts payable | 17/49 | €479,612 | €465,308 | -€14,304 | -3.0% |
| Amounts payable after more than one year | 17 | €16,667 | €0 | -€16,667 | -100% |
| Financial debts | 170/4 | €16,667 | €0 | -€16,667 | -100% |
| Amounts payable within one year | 42/48 | €437,543 | €438,356 | +€813 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €113,919 | €22,772 | -€91,147 | -80.0% |
| Financial debts | 43 | €100,000 | €158,986 | +€58,986 | +59.0% |
| Credit institutions | 430/8 | €100,000 | €158,986 | +€58,986 | +59.0% |
| Trade debts | 44 | €188,616 | €211,627 | +€23,011 | +12.2% |
| Suppliers | 440/4 | €188,616 | €211,627 | +€23,011 | +12.2% |
| Taxes, remuneration and social security | 45 | €35,008 | €44,971 | +€9,963 | +28.5% |
| Taxes | 450/3 | €9,083 | €12,590 | +€3,507 | +38.6% |
| Remuneration and social security | 454/9 | €25,925 | €32,381 | +€6,457 | +24.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €25,402 | €26,952 | +€1,550 | +6.1% |
| Non-recurring operating income | 76A | €0 | €1,292 | +€1,292 | |
| Remuneration, social security and pensions | 62 | €315,933 | €362,856 | +€46,923 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,302 | €14,146 | -€5,156 | -26.7% |
| Other operating charges | 640/8 | €4,288 | €5,212 | +€923 | +21.5% |
| Non-recurring operating charges | 66A | €0 | €5,161 | +€5,161 | |
| Gross operating margin | 9900 | €392,337 | €421,338 | +€29,001 | +7.4% |
| Operating profit (loss) | 9901 | €52,814 | €33,963 | -€18,850 | -35.7% |
| Financial income | 75/76B | €10 | €3 | -€7 | -69.3% |
| Recurring financial income | 75 | €10 | €3 | -€7 | -69.3% |
| Financial charges | 65/66B | €35,159 | €25,304 | -€9,855 | -28.0% |
| Recurring financial charges | 65 | €35,159 | €25,304 | -€9,855 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €17,664 | €8,662 | -€9,002 | -51.0% |
| Income taxes | 67/77 | €7,494 | €4,933 | -€2,561 | -34.2% |
| Profit (loss) for the period | 9904 | €10,170 | €3,729 | -€6,441 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,170 | €3,729 | -€6,441 | -63.3% |
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 23 October 2026 via checked.be.