LELINCO: 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.
LELINCO
Largest movements
- Receivables within one year -€223,132
down €223,132 (-77.3%), from €288,770 to €65,638
of which Trade receivables: -€223,132
- Cash +€151,991
up €151,991 (+303.3%), from €50,115 to €202,106
mainly Receivables within one year (+€223,132) and Net result for the year (+€67,994)
- Tangible fixed assets -€16,465
down €16,465 (-37.0%), from €44,543 to €28,078
of which Plant, machinery and equipment: -€12,300
- Other debts -€178,056
down €178,056 (-77.3%), from €230,327 to €52,272
- Profit (loss) carried forward +€67,994
up €67,994 (+62.3%), from €109,066 to €177,060
- Tax, wage and social debts +€14,205
up €14,205 (+33.9%), from €41,847 to €56,052
of which Taxes: +€10,213
- Trade debts +€9,833
up €9,833 (+1680.4%), from €585 to €10,418
- Gross operating margin -€30,920
down €30,920 (-17.9%), from €172,634 to €141,714
- Staff costs +€19,412
up €19,412 (+102.7%), from €18,904 to €38,316
- Taxes -€12,662
down €12,662 (-41.5%), from €30,487 to €17,825
- Depreciation +€3,283
up €3,283 (+24.9%), from €13,181 to €16,465
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 | €384,825 | €299,129 | -€85,696 | -22.3% |
| Fixed assets | 21/28 | €44,543 | €28,078 | -€16,465 | -37.0% |
| Tangible fixed assets | 22/27 | €44,543 | €28,078 | -€16,465 | -37.0% |
| Plant, machinery and equipment | 23 | €27,358 | €15,058 | -€12,300 | -45.0% |
| Furniture and vehicles | 24 | €17,185 | €13,020 | -€4,165 | -24.2% |
| Current assets | 29/58 | €340,283 | €271,051 | -€69,231 | -20.3% |
| Amounts receivable within one year | 40/41 | €288,770 | €65,638 | -€223,132 | -77.3% |
| Trade receivables | 40 | €283,172 | €60,040 | -€223,132 | -78.8% |
| Other amounts receivable | 41 | €5,598 | €5,598 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,115 | €202,106 | +€151,991 | +303.3% |
| Deferred charges and accrued income | 490/1 | €1,397 | €3,307 | +€1,910 | +136.7% |
| Total equity and liabilities | 10/49 | €384,825 | €299,129 | -€85,696 | -22.3% |
| Equity | 10/15 | €112,066 | €180,060 | +€67,994 | +60.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,066 | €177,060 | +€67,994 | +62.3% |
| Amounts payable | 17/49 | €272,759 | €119,069 | -€153,690 | -56.3% |
| Amounts payable within one year | 42/48 | €272,759 | €118,742 | -€154,018 | -56.5% |
| Trade debts | 44 | €585 | €10,418 | +€9,833 | +1680.4% |
| Suppliers | 440/4 | €585 | €10,418 | +€9,833 | +1680.4% |
| Taxes, remuneration and social security | 45 | €41,847 | €56,052 | +€14,205 | +33.9% |
| Taxes | 450/3 | €39,917 | €50,130 | +€10,213 | +25.6% |
| Remuneration and social security | 454/9 | €1,930 | €5,922 | +€3,992 | +206.9% |
| Other amounts payable | 47/48 | €230,327 | €52,272 | -€178,056 | -77.3% |
| Accrued charges and deferred income | 492/3 | - | €328 | +€328 | |
| Non-recurring operating income | 76A | €549 | €0 | -€549 | -100.0% |
| Remuneration, social security and pensions | 62 | €18,904 | €38,316 | +€19,412 | +102.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,181 | €16,465 | +€3,283 | +24.9% |
| Other operating charges | 640/8 | €822 | €549 | -€273 | -33.2% |
| Gross operating margin | 9900 | €172,634 | €141,714 | -€30,920 | -17.9% |
| Operating profit (loss) | 9901 | €139,728 | €86,385 | -€53,342 | -38.2% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €175 | €578 | +€403 | +231.0% |
| Recurring financial charges | 65 | €175 | €578 | +€403 | +231.0% |
| Profit (loss) for the period before taxes | 9903 | €139,553 | €85,819 | -€53,734 | -38.5% |
| Income taxes | 67/77 | €30,487 | €17,825 | -€12,662 | -41.5% |
| Profit (loss) for the period | 9904 | €109,066 | €67,994 | -€41,072 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,066 | €67,994 | -€41,072 | -37.7% |
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 1 October 2026 via checked.be.