LELOUP: 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.
LELOUP
Largest movements
- Tangible fixed assets +€166,307
up €166,307 (+12.4%), from €1.3m to €1.5m
of which Plant, machinery and equipment: +€289,036
- Cash -€133,419
down €133,419 (-15.0%), from €890,734 to €757,315
mainly Investment in fixed assets (net) (-€591,691) and Debts after one year (-€207,111)
- Receivables within one year +€97,333
up €97,333 (+16.9%), from €574,491 to €671,824
of which Trade receivables: +€104,607
- Debts after one year -€207,111
down €207,111 (-15.8%), from €1.3m to €1.1m
- Profit (loss) carried forward +€159,352
up €159,352 (+25.6%), from €623,640 to €782,992
- Other debts +€88,470
up €88,470 (+63.0%), from €140,341 to €228,810
- Tax, wage and social debts +€48,386
up €48,386 (+76.8%), from €62,991 to €111,377
of which Taxes: +€44,459
- Current portion of long-term debt +€46,379
up €46,379 (+13.0%), from €356,500 to €402,879
- Gross operating margin +€178,663
up €178,663 (+23.9%), from €747,556 to €926,219
- Depreciation +€88,411
up €88,411 (+26.2%), from €336,974 to €425,384
- Taxes +€23,269
up €23,269 (+39.2%), from €59,371 to €82,640
- Financial charges +€9,776
up €9,776 (+29.2%), from €33,452 to €43,227
of which Financial charges: +€9,169
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.
Derived cash bridge
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 | €3,009,056 | €3,110,442 | +€101,386 | +3.4% |
| Fixed assets | 21/28 | €1,416,850 | €1,583,158 | +€166,307 | +11.7% |
| Intangible fixed assets | 21 | €74,368 | €74,368 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,341,996 | €1,508,303 | +€166,307 | +12.4% |
| Land and buildings | 22 | €402,309 | €370,091 | -€32,217 | -8.0% |
| Plant, machinery and equipment | 23 | €555,065 | €844,101 | +€289,036 | +52.1% |
| Furniture and vehicles | 24 | €384,622 | €294,110 | -€90,512 | -23.5% |
| Financial fixed assets | 28 | €487 | €487 | = | 0.0% |
| Current assets | 29/58 | €1,592,206 | €1,527,285 | -€64,921 | -4.1% |
| Stocks and contracts in progress | 3 | €99,963 | €75,200 | -€24,763 | -24.8% |
| Stocks | 30/36 | €99,963 | €75,200 | -€24,763 | -24.8% |
| Amounts receivable within one year | 40/41 | €574,491 | €671,824 | +€97,333 | +16.9% |
| Trade receivables | 40 | €566,978 | €671,585 | +€104,607 | +18.4% |
| Other amounts receivable | 41 | €7,513 | €239 | -€7,274 | -96.8% |
| Cash at bank and in hand | 54/58 | €890,734 | €757,315 | -€133,419 | -15.0% |
| Deferred charges and accrued income | 490/1 | €27,018 | €22,946 | -€4,072 | -15.1% |
| Total equity and liabilities | 10/49 | €3,009,056 | €3,110,442 | +€101,386 | +3.4% |
| Equity | 10/15 | €817,733 | €977,085 | +€159,352 | +19.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €69,093 | €69,093 | = | 0.0% |
| Distributable reserves | 133 | €69,093 | €69,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | €623,640 | €782,992 | +€159,352 | +25.6% |
| Amounts payable | 17/49 | €2,191,323 | €2,133,357 | -€57,966 | -2.6% |
| Amounts payable after more than one year | 17 | €1,312,974 | €1,105,863 | -€207,111 | -15.8% |
| Financial debts | 170/4 | €1,312,974 | €1,105,863 | -€207,111 | -15.8% |
| Amounts payable within one year | 42/48 | €878,349 | €1,027,494 | +€149,144 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €356,500 | €402,879 | +€46,379 | +13.0% |
| Trade debts | 44 | €318,518 | €284,428 | -€34,090 | -10.7% |
| Suppliers | 440/4 | €318,518 | €284,428 | -€34,090 | -10.7% |
| Taxes, remuneration and social security | 45 | €62,991 | €111,377 | +€48,386 | +76.8% |
| Taxes | 450/3 | €52,410 | €96,869 | +€44,459 | +84.8% |
| Remuneration and social security | 454/9 | €10,581 | €14,508 | +€3,927 | +37.1% |
| Other amounts payable | 47/48 | €140,341 | €228,810 | +€88,470 | +63.0% |
| Remuneration, social security and pensions | 62 | €98,855 | €104,294 | +€5,439 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336,974 | €425,384 | +€88,411 | +26.2% |
| Other operating charges | 640/8 | €11,141 | €12,007 | +€866 | +7.8% |
| Gross operating margin | 9900 | €747,556 | €926,219 | +€178,663 | +23.9% |
| Operating profit (loss) | 9901 | €300,587 | €384,534 | +€83,947 | +27.9% |
| Financial income | 75/76B | €2,285 | €685 | -€1,600 | -70.0% |
| Recurring financial income | 75 | €2,285 | €674 | -€1,611 | -70.5% |
| Non-recurring financial income | 76B | - | €11 | +€11 | |
| Financial charges | 65/66B | €33,452 | €43,227 | +€9,776 | +29.2% |
| Recurring financial charges | 65 | €33,140 | €42,309 | +€9,169 | +27.7% |
| Non-recurring financial charges | 66B | €312 | €919 | +€607 | +194% |
| Profit (loss) for the period before taxes | 9903 | €269,421 | €341,992 | +€72,571 | +26.9% |
| Income taxes | 67/77 | €59,371 | €82,640 | +€23,269 | +39.2% |
| Profit (loss) for the period | 9904 | €210,050 | €259,352 | +€49,303 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €210,050 | €259,352 | +€49,303 | +23.5% |
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 13 October 2026 via checked.be.