LEKRI: 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.
LEKRI
Largest movements
- Tangible fixed assets -€241,539
down €241,539 (-16.0%), from €1.5m to €1.3m
of which Land and buildings: -€227,918
- Cash +€101,402
up €101,402 (+3977.1%), from €2,550 to €103,952
mainly Investment in fixed assets (net) (+€177,421) and Net result for the year (+€170,900)
- Other debts -€362,107
down €362,107 (-71.0%), from €509,974 to €147,867
- Reserves +€170,900
up €170,900 (+53.6%), from €318,844 to €489,744
of which Tax-exempt reserves: +€159,516
- Provisions +€43,261
up €43,261 (+51.6%), from €83,912 to €127,174
- Gross operating margin +€216,479
up €216,479 (+162.6%), from €133,161 to €349,640
- Other operating charges +€9,859
up €9,859 (+86.9%), from €11,350 to €21,209
- Depreciation -€9,697
down €9,697 (-13.1%), from €73,815 to €64,118
- Taxes +€3,941
up €3,941 (+3078.7%), from €128 to €4,069
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 | €1,524,529 | €1,381,727 | -€142,803 | -9.4% |
| Fixed assets | 21/28 | €1,511,508 | €1,269,969 | -€241,539 | -16.0% |
| Tangible fixed assets | 22/27 | €1,511,508 | €1,269,969 | -€241,539 | -16.0% |
| Land and buildings | 22 | €1,367,038 | €1,139,119 | -€227,918 | -16.7% |
| Plant, machinery and equipment | 23 | €124,199 | €123,461 | -€738 | -0.6% |
| Furniture and vehicles | 24 | €13,671 | €7,388 | -€6,282 | -46.0% |
| Assets under construction and advance payments | 27 | €6,600 | - | -€6,600 | |
| Current assets | 29/58 | €13,022 | €111,758 | +€98,736 | +758.3% |
| Amounts receivable within one year | 40/41 | €7,962 | €5,375 | -€2,586 | -32.5% |
| Trade receivables | 40 | €2,213 | €1,503 | -€710 | -32.1% |
| Other amounts receivable | 41 | €5,749 | €3,872 | -€1,877 | -32.6% |
| Cash at bank and in hand | 54/58 | €2,550 | €103,952 | +€101,402 | +3977.1% |
| Deferred charges and accrued income | 490/1 | €2,510 | €2,431 | -€79 | -3.2% |
| Total equity and liabilities | 10/49 | €1,524,529 | €1,381,727 | -€142,803 | -9.4% |
| Equity | 10/15 | €453,923 | €624,823 | +€170,900 | +37.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €73,079 | €73,079 | = | 0.0% |
| Reserves | 13 | €318,844 | €489,744 | +€170,900 | +53.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €162,961 | €322,477 | +€159,516 | +97.9% |
| Distributable reserves | 133 | €149,683 | €161,067 | +€11,383 | +7.6% |
| Provisions and deferred taxes | 16 | €83,912 | €127,174 | +€43,261 | +51.6% |
| Deferred taxes | 168 | €83,912 | €127,174 | +€43,261 | +51.6% |
| Amounts payable | 17/49 | €986,694 | €629,730 | -€356,964 | -36.2% |
| Amounts payable after more than one year | 17 | €404,188 | €394,785 | -€9,403 | -2.3% |
| Financial debts | 170/4 | €404,188 | €394,785 | -€9,403 | -2.3% |
| Amounts payable within one year | 42/48 | €550,814 | €203,683 | -€347,131 | -63.0% |
| Financial debts | 43 | €40,544 | €51,747 | +€11,204 | +27.6% |
| Credit institutions | 430/8 | €40,544 | €51,747 | +€11,204 | +27.6% |
| Trade debts | 44 | €296 | - | -€296 | |
| Suppliers | 440/4 | €296 | - | -€296 | |
| Taxes, remuneration and social security | 45 | - | €4,069 | +€4,069 | |
| Taxes | 450/3 | - | €4,069 | +€4,069 | |
| Other amounts payable | 47/48 | €509,974 | €147,867 | -€362,107 | -71.0% |
| Accrued charges and deferred income | 492/3 | €31,692 | €31,262 | -€430 | -1.4% |
| Remuneration, social security and pensions | 62 | €120 | €293 | +€172 | +143.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,815 | €64,118 | -€9,697 | -13.1% |
| Other operating charges | 640/8 | €11,350 | €21,209 | +€9,859 | +86.9% |
| Gross operating margin | 9900 | €133,161 | €349,640 | +€216,479 | +162.6% |
| Operating profit (loss) | 9901 | €47,875 | €264,020 | +€216,145 | +451.5% |
| Financial income | 75/76B | €27 | €153 | +€126 | +464.8% |
| Recurring financial income | 75 | €27 | €153 | +€126 | +464.8% |
| Financial charges | 65/66B | €46,557 | €45,943 | -€614 | -1.3% |
| Recurring financial charges | 65 | €46,557 | €45,943 | -€614 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €1,345 | €218,230 | +€216,885 | +16120.4% |
| Transfer from deferred taxes | 780 | €5,081 | €29,244 | +€24,162 | +475.5% |
| Transfer to deferred taxes | 680 | - | €72,505 | +€72,505 | |
| Income taxes | 67/77 | €128 | €4,069 | +€3,941 | +3078.7% |
| Profit (loss) for the period | 9904 | €6,298 | €170,900 | +€164,601 | +2613.4% |
| Transfer from tax-exempt reserves | 789 | €9,868 | €57,998 | +€48,131 | +487.8% |
| Transfer to tax-exempt reserves | 689 | - | €217,515 | +€217,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,166 | €11,383 | -€4,783 | -29.6% |
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 12 October 2026 via checked.be.