Lejo: 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.
Lejo
Largest movements
- Cash -€178,581
down €178,581 (-17.7%), from €1.0m to €828,497
mainly Current investments (-€169,084) and Accrued charges and deferred income (-€93,024)
- Current investments +€169,084
up €169,084 (+30742.6%), from €550 to €169,634
- Receivables within one year +€48,638
up €48,638 (+6.1%), from €800,245 to €848,883
of which Trade receivables: +€26,811
- Accrued charges and deferred income -€93,024
down €93,024 (-46.5%), from €200,095 to €107,070
- Debts within one year +€92,021
up €92,021 (+14.7%), from €628,060 to €720,082
of which Tax, wage and social debts: +€101,530
- Investment grants +€86,555
up €86,555 (+571.8%), from €15,136 to €101,691
- Provisions -€40,000
down €40,000 (-30.6%), from €130,921 to €90,921
- Staff costs +€633,582
up €633,582 (+18.0%), from €3.5m to €4.1m
- Gross operating margin +€550,811
up €550,811 (+15.2%), from €3.6m to €4.2m
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 | €1,999,721 | €2,035,236 | +€35,515 | +1.8% |
| Fixed assets | 21/28 | €189,247 | €186,372 | -€2,875 | -1.5% |
| Tangible fixed assets | 22/27 | €177,292 | €174,368 | -€2,924 | -1.6% |
| Land and buildings | 22 | €155,990 | €159,958 | +€3,968 | +2.5% |
| Furniture and vehicles | 24 | €11,702 | €7,559 | -€4,142 | -35.4% |
| Other tangible fixed assets | 26 | €9,600 | €6,851 | -€2,749 | -28.6% |
| Financial fixed assets | 28 | €11,955 | €12,003 | +€49 | +0.4% |
| Current assets | 29/58 | €1,810,475 | €1,848,865 | +€38,390 | +2.1% |
| Amounts receivable within one year | 40/41 | €800,245 | €848,883 | +€48,638 | +6.1% |
| Trade receivables | 40 | €19,635 | €46,446 | +€26,811 | +136.5% |
| Other amounts receivable | 41 | €780,609 | €802,437 | +€21,827 | +2.8% |
| Current investments | 50/53 | €550 | €169,634 | +€169,084 | +30742.6% |
| Cash at bank and in hand | 54/58 | €1,007,078 | €828,497 | -€178,581 | -17.7% |
| Deferred charges and accrued income | 490/1 | €2,602 | €1,850 | -€752 | -28.9% |
| Total equity and liabilities | 10/49 | €1,999,721 | €2,035,236 | +€35,515 | +1.8% |
| Equity | 10/15 | €1,040,644 | €1,117,162 | +€76,518 | +7.4% |
| Reserves | 13 | €1,025,508 | €1,015,472 | -€10,037 | -1.0% |
| Investment grants | 15 | €15,136 | €101,691 | +€86,555 | +571.8% |
| Provisions and deferred taxes | 16 | €130,921 | €90,921 | -€40,000 | -30.6% |
| Provisions for liabilities and charges | 160/5 | €130,921 | €90,921 | -€40,000 | -30.6% |
| Other liabilities and charges | 164/5 | €130,921 | €90,921 | -€40,000 | -30.6% |
| Amounts payable | 17/49 | €828,155 | €827,152 | -€1,003 | -0.1% |
| Amounts payable within one year | 42/48 | €628,060 | €720,082 | +€92,021 | +14.7% |
| Trade debts | 44 | €50,464 | €61,960 | +€11,496 | +22.8% |
| Suppliers | 440/4 | €50,464 | €61,960 | +€11,496 | +22.8% |
| Taxes, remuneration and social security | 45 | €531,542 | €633,072 | +€101,530 | +19.1% |
| Taxes | 450/3 | €89,341 | €107,499 | +€18,159 | +20.3% |
| Remuneration and social security | 454/9 | €442,202 | €525,573 | +€83,371 | +18.9% |
| Accrued charges and deferred income | 492/3 | €200,095 | €107,070 | -€93,024 | -46.5% |
| Non-recurring operating income | 76A | €41,689 | €46,275 | +€4,587 | +11.0% |
| Remuneration, social security and pensions | 62 | €3,515,595 | €4,149,177 | +€633,582 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,672 | €26,032 | -€5,640 | -17.8% |
| Other operating charges | 640/8 | €2,745 | €2,104 | -€642 | -23.4% |
| Non-recurring operating charges | 66A | €5,583 | €44,843 | +€39,260 | +703.2% |
| Gross operating margin | 9900 | €3,622,212 | €4,173,022 | +€550,811 | +15.2% |
| Operating profit (loss) | 9901 | €66,927 | -€9,133 | -€76,060 | |
| Financial income | 75/76B | €781 | €992 | +€211 | +27.1% |
| Recurring financial income | 75 | €781 | €992 | +€211 | +27.1% |
| Financial charges | 65/66B | €560 | €1,895 | +€1,335 | +238.2% |
| Recurring financial charges | 65 | €560 | €1,895 | +€1,335 | +238.2% |
| Profit (loss) for the period before taxes | 9903 | €67,147 | -€10,037 | -€77,184 | |
| Profit (loss) for the period | 9904 | €67,147 | -€10,037 | -€77,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,147 | -€10,037 | -€77,184 |
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 10 October 2026 via checked.be.