LELEU: 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.
LELEU
Largest movements
- Cash -€30,634
down €30,634 (-35.8%), from €85,526 to €54,892
mainly Investment in fixed assets (net) (-€42,300) and Provisions (-€12,842)
- Stocks and contracts +€8,883
up €8,883 (+10.4%), from €85,391 to €94,274
- Tangible fixed assets -€6,324
down €6,324 (-3.4%), from €183,963 to €177,639
of which Land and buildings: -€37,358
- Provisions -€12,842
no longer reported in 2025 (was €12,842)
- Debts after one year -€10,570
down €10,570 (-5.5%), from €193,106 to €182,536
- Tax, wage and social debts -€7,946
down €7,946 (-51.8%), from €15,330 to €7,384
of which Taxes: -€8,691
- Gross operating margin -€18,014
down €18,014 (-13.9%), from €129,314 to €111,301
- Taxes -€4,800
down €4,800 (-67.1%), from €7,157 to €2,358
- Financial charges -€1,753
down €1,753 (-11.9%), from €14,695 to €12,942
- Other operating charges +€1,560
up €1,560 (+10.6%), from €14,670 to €16,230
- Depreciation -€1,459
down €1,459 (-2.9%), from €50,083 to €48,624
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 | €523,257 | €496,181 | -€27,076 | -5.2% |
| Fixed assets | 21/28 | €337,563 | €331,239 | -€6,324 | -1.9% |
| Tangible fixed assets | 22/27 | €183,963 | €177,639 | -€6,324 | -3.4% |
| Land and buildings | 22 | €155,094 | €117,737 | -€37,358 | -24.1% |
| Plant, machinery and equipment | 23 | €5,774 | €3,638 | -€2,136 | -37.0% |
| Furniture and vehicles | 24 | €23,095 | €56,265 | +€33,170 | +143.6% |
| Financial fixed assets | 28 | €153,600 | €153,600 | = | 0.0% |
| Current assets | 29/58 | €185,694 | €164,942 | -€20,752 | -11.2% |
| Stocks and contracts in progress | 3 | €85,391 | €94,274 | +€8,883 | +10.4% |
| Stocks | 30/36 | €85,391 | €94,274 | +€8,883 | +10.4% |
| Amounts receivable within one year | 40/41 | €6,834 | €6,752 | -€82 | -1.2% |
| Trade receivables | 40 | €6,492 | €1,268 | -€5,224 | -80.5% |
| Other amounts receivable | 41 | €343 | €5,485 | +€5,142 | +1500.6% |
| Cash at bank and in hand | 54/58 | €85,526 | €54,892 | -€30,634 | -35.8% |
| Deferred charges and accrued income | 490/1 | €7,943 | €9,024 | +€1,081 | +13.6% |
| Total equity and liabilities | 10/49 | €523,257 | €496,181 | -€27,076 | -5.2% |
| Equity | 10/15 | €241,167 | €246,328 | +€5,160 | +2.1% |
| Contributions | 10/11 | €184,520 | €184,520 | = | 0.0% |
| Reserves | 13 | €56,647 | €61,808 | +€5,160 | +9.1% |
| Distributable reserves | 133 | €56,647 | €61,808 | +€5,160 | +9.1% |
| Provisions and deferred taxes | 16 | €12,842 | - | -€12,842 | |
| Provisions for liabilities and charges | 160/5 | €12,842 | - | -€12,842 | |
| Pensions and similar obligations | 160 | €12,842 | - | -€12,842 | |
| Amounts payable | 17/49 | €269,248 | €249,853 | -€19,395 | -7.2% |
| Amounts payable after more than one year | 17 | €193,106 | €182,536 | -€10,570 | -5.5% |
| Financial debts | 170/4 | €193,106 | €182,536 | -€10,570 | -5.5% |
| Amounts payable within one year | 42/48 | €67,741 | €60,245 | -€7,497 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €35,196 | €39,212 | +€4,017 | +11.4% |
| Trade debts | 44 | €15,055 | €11,966 | -€3,089 | -20.5% |
| Suppliers | 440/4 | €15,055 | €11,966 | -€3,089 | -20.5% |
| Taxes, remuneration and social security | 45 | €15,330 | €7,384 | -€7,946 | -51.8% |
| Taxes | 450/3 | €12,094 | €3,404 | -€8,691 | -71.9% |
| Remuneration and social security | 454/9 | €3,236 | €3,981 | +€745 | +23.0% |
| Other amounts payable | 47/48 | €2,161 | €1,682 | -€479 | -22.2% |
| Accrued charges and deferred income | 492/3 | €8,400 | €7,072 | -€1,328 | -15.8% |
| Non-recurring operating income | 76A | €38,740 | €23,586 | -€15,154 | -39.1% |
| Remuneration, social security and pensions | 62 | €27,284 | €26,882 | -€402 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,083 | €48,624 | -€1,459 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €641 | -€641 | -€1,282 | |
| Other operating charges | 640/8 | €14,670 | €16,230 | +€1,560 | +10.6% |
| Gross operating margin | 9900 | €129,314 | €111,301 | -€18,014 | -13.9% |
| Operating profit (loss) | 9901 | €36,637 | €20,206 | -€16,430 | -44.8% |
| Financial income | 75/76B | €1,020 | €254 | -€766 | -75.1% |
| Recurring financial income | 75 | €1,020 | €254 | -€766 | -75.1% |
| Financial charges | 65/66B | €14,695 | €12,942 | -€1,753 | -11.9% |
| Recurring financial charges | 65 | €14,695 | €12,942 | -€1,753 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €22,961 | €7,518 | -€15,443 | -67.3% |
| Income taxes | 67/77 | €7,157 | €2,358 | -€4,800 | -67.1% |
| Profit (loss) for the period | 9904 | €15,804 | €5,160 | -€10,644 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,804 | €5,160 | -€10,644 | -67.3% |
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 9 October 2026 via checked.be.