LEJO: 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.
LEJO
Largest movements
- Tangible fixed assets -€132,677
down €132,677 (-51.3%), from €258,840 to €126,164
of which Land and buildings: -€132,365
- Receivables within one year +€28,117
up €28,117 (+8.8%), from €320,791 to €348,907
of which Other amounts receivable: +€27,517
- Debts after one year -€71,345
no longer reported in 2025 (was €71,345)
- Current portion of long-term debt -€15,171
no longer reported in 2025 (was €15,171)
- Profit (loss) carried forward -€12,791
down €12,791 (-3.1%), from €416,760 to €403,969
- Trade debts -€10,217
down €10,217 (-53.1%), from €19,224 to €9,006
- Gross operating margin -€195,181
down €195,181 (-96.7%), from €201,907 to €6,726
- Taxes -€137,548
no longer reported in 2025 (was €137,548)
- Depreciation -€8,817
down €8,817 (-49.1%), from €17,951 to €9,134
- Other operating charges -€7,164
down €7,164 (-35.5%), from €20,178 to €13,014
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 | €787,018 | €676,890 | -€110,128 | -14.0% |
| Fixed assets | 21/28 | €258,840 | €126,164 | -€132,677 | -51.3% |
| Tangible fixed assets | 22/27 | €258,840 | €126,164 | -€132,677 | -51.3% |
| Land and buildings | 22 | €258,375 | €126,010 | -€132,365 | -51.2% |
| Furniture and vehicles | 24 | €465 | €154 | -€312 | -67.0% |
| Current assets | 29/58 | €528,177 | €550,726 | +€22,549 | +4.3% |
| Amounts receivable within one year | 40/41 | €320,791 | €348,907 | +€28,117 | +8.8% |
| Trade receivables | 40 | - | €600 | +€600 | |
| Other amounts receivable | 41 | €320,791 | €348,307 | +€27,517 | +8.6% |
| Cash at bank and in hand | 54/58 | €203,288 | €200,641 | -€2,647 | -1.3% |
| Deferred charges and accrued income | 490/1 | €4,099 | €1,178 | -€2,920 | -71.2% |
| Total equity and liabilities | 10/49 | €787,018 | €676,890 | -€110,128 | -14.0% |
| Equity | 10/15 | €539,643 | €525,254 | -€14,389 | -2.7% |
| Contributions | 10/11 | €72,262 | €72,262 | = | 0.0% |
| Capital | 10 | €72,262 | €72,262 | = | 0.0% |
| Issued capital | 100 | €72,262 | €72,262 | = | 0.0% |
| Reserves | 13 | €50,621 | €49,024 | -€1,597 | -3.2% |
| Non-distributable reserves | 130/1 | €32,226 | €32,226 | = | 0.0% |
| Legal reserve | 130 | €32,226 | €32,226 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,597 | - | -€1,597 | |
| Distributable reserves | 133 | €16,798 | €16,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | €416,760 | €403,969 | -€12,791 | -3.1% |
| Provisions and deferred taxes | 16 | €777 | - | -€777 | |
| Deferred taxes | 168 | €777 | - | -€777 | |
| Amounts payable | 17/49 | €246,598 | €151,636 | -€94,962 | -38.5% |
| Amounts payable after more than one year | 17 | €71,345 | - | -€71,345 | |
| Financial debts | 170/4 | €71,345 | - | -€71,345 | |
| Amounts payable within one year | 42/48 | €175,154 | €150,801 | -€24,353 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €15,171 | - | -€15,171 | |
| Trade debts | 44 | €19,224 | €9,006 | -€10,217 | -53.1% |
| Suppliers | 440/4 | €19,224 | €9,006 | -€10,217 | -53.1% |
| Taxes, remuneration and social security | 45 | €140,759 | €141,795 | +€1,035 | +0.7% |
| Taxes | 450/3 | €137,548 | €137,548 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,211 | €4,247 | +€1,035 | +32.2% |
| Accrued charges and deferred income | 492/3 | €100 | €835 | +€735 | +735.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,951 | €9,134 | -€8,817 | -49.1% |
| Other operating charges | 640/8 | €20,178 | €13,014 | -€7,164 | -35.5% |
| Non-recurring operating charges | 66A | - | €125 | +€125 | |
| Gross operating margin | 9900 | €201,907 | €6,726 | -€195,181 | -96.7% |
| Operating profit (loss) | 9901 | €163,778 | -€15,547 | -€179,325 | |
| Financial income | 75/76B | €1,000 | €2,275 | +€1,275 | +127.5% |
| Recurring financial income | 75 | €1,000 | €2,275 | +€1,275 | +127.5% |
| Financial charges | 65/66B | €2,793 | €1,894 | -€900 | -32.2% |
| Recurring financial charges | 65 | €2,793 | €1,894 | -€900 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €161,984 | -€15,166 | -€177,150 | |
| Transfer from deferred taxes | 780 | €123,498 | €777 | -€122,721 | -99.4% |
| Income taxes | 67/77 | €137,548 | - | -€137,548 | |
| Profit (loss) for the period | 9904 | €147,934 | -€14,389 | -€162,323 | |
| Transfer from tax-exempt reserves | 789 | €369,741 | €1,597 | -€368,143 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €517,675 | -€12,791 | -€530,466 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.