LELOUP & Co: what changed
LELOUP & Co
Largest movements
- Stocks and contracts -€246,101
down €246,101 (-63.8%), from €386,031 to €139,930
of which Contracts in progress: -€254,516
- Receivables within one year -€223,104
down €223,104 (-53.3%), from €418,270 to €195,166
of which Other amounts receivable: -€134,502
- Cash +€172,643
up €172,643 (+358%), from €48,276 to €220,920
mainly Stocks and contracts (+€246,101) and Receivables within one year (+€223,104)
- Tangible fixed assets -€14,340
down €14,340 (-12.7%), from €112,582 to €98,242
of which Furniture and vehicles: -€9,812
- Trade debts -€342,103
down €342,103 (-81.2%), from €421,317 to €79,214
- Other debts +€53,836
up €53,836 (+74.7%), from €72,033 to €125,870
- Accrued charges and deferred income -€16,196
down €16,196 (-48.1%), from €33,689 to €17,494
- Debts after one year -€11,681
down €11,681 (-24.6%), from €47,425 to €35,744
- Current portion of long-term debt -€10,292
down €10,292 (-6.8%), from €150,803 to €140,510
- Staff costs -€17,437
down €17,437 (-4.8%), from €365,173 to €347,737
- Other operating charges -€16,150
down €16,150 (-93.6%), from €17,263 to €1,113
- Gross operating margin -€13,429
down €13,429 (-3.1%), from €428,533 to €415,105
- Depreciation +€6,805
up €6,805 (+38.7%), from €17,572 to €24,377
- Taxes +€5,989
up €5,989 (+249%), from €2,410 to €8,399
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €967,663 | €656,842 | -€310,821 | -32.1% |
| Fixed assets | 21/28 | €112,582 | €98,242 | -€14,340 | -12.7% |
| Tangible fixed assets | 22/27 | €112,582 | €98,242 | -€14,340 | -12.7% |
| Land and buildings | 22 | €53,670 | €47,028 | -€6,642 | -12.4% |
| Plant, machinery and equipment | 23 | €13,918 | €16,032 | +€2,114 | +15.2% |
| Furniture and vehicles | 24 | €44,994 | €35,182 | -€9,812 | -21.8% |
| Current assets | 29/58 | €855,081 | €558,601 | -€296,481 | -34.7% |
| Stocks and contracts in progress | 3 | €386,031 | €139,930 | -€246,101 | -63.8% |
| Stocks | 30/36 | €118,942 | €127,357 | +€8,415 | +7.1% |
| Contracts in progress | 37 | €267,089 | €12,573 | -€254,516 | -95.3% |
| Amounts receivable within one year | 40/41 | €418,270 | €195,166 | -€223,104 | -53.3% |
| Trade receivables | 40 | €274,074 | €185,472 | -€88,602 | -32.3% |
| Other amounts receivable | 41 | €144,196 | €9,694 | -€134,502 | -93.3% |
| Cash at bank and in hand | 54/58 | €48,276 | €220,920 | +€172,643 | +358% |
| Deferred charges and accrued income | 490/1 | €2,504 | €2,585 | +€81 | +3.2% |
| Total equity and liabilities | 10/49 | €967,663 | €656,842 | -€310,821 | -32.1% |
| Equity | 10/15 | €233,525 | €243,365 | +€9,839 | +4.2% |
| Contributions | 10/11 | €181,500 | €181,500 | = | 0.0% |
| Reserves | 13 | €52,025 | €61,865 | +€9,839 | +18.9% |
| Distributable reserves | 133 | €52,025 | €61,865 | +€9,839 | +18.9% |
| Amounts payable | 17/49 | €734,138 | €413,478 | -€320,660 | -43.7% |
| Amounts payable after more than one year | 17 | €47,425 | €35,744 | -€11,681 | -24.6% |
| Financial debts | 170/4 | €47,425 | €35,744 | -€11,681 | -24.6% |
| Amounts payable within one year | 42/48 | €653,023 | €360,240 | -€292,784 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €150,803 | €140,510 | -€10,292 | -6.8% |
| Trade debts | 44 | €421,317 | €79,214 | -€342,103 | -81.2% |
| Suppliers | 440/4 | €421,317 | €79,214 | -€342,103 | -81.2% |
| Taxes, remuneration and social security | 45 | €8,871 | €14,646 | +€5,775 | +65.1% |
| Taxes | 450/3 | - | €3,285 | +€3,285 | |
| Remuneration and social security | 454/9 | €8,871 | €11,361 | +€2,490 | +28.1% |
| Other amounts payable | 47/48 | €72,033 | €125,870 | +€53,836 | +74.7% |
| Accrued charges and deferred income | 492/3 | €33,689 | €17,494 | -€16,196 | -48.1% |
| Remuneration, social security and pensions | 62 | €365,173 | €347,737 | -€17,437 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,572 | €24,377 | +€6,805 | +38.7% |
| Other operating charges | 640/8 | €17,263 | €1,113 | -€16,150 | -93.6% |
| Gross operating margin | 9900 | €428,533 | €415,105 | -€13,429 | -3.1% |
| Operating profit (loss) | 9901 | €28,525 | €41,878 | +€13,353 | +46.8% |
| Financial income | 75/76B | €312 | €540 | +€228 | +73.0% |
| Recurring financial income | 75 | €312 | €540 | +€228 | +73.0% |
| Financial charges | 65/66B | €26,184 | €24,179 | -€2,005 | -7.7% |
| Recurring financial charges | 65 | €26,184 | €24,179 | -€2,005 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €2,652 | €18,238 | +€15,586 | +588% |
| Income taxes | 67/77 | €2,410 | €8,399 | +€5,989 | +249% |
| Profit (loss) for the period | 9904 | €242 | €9,839 | +€9,597 | +3,958% |
| Profit (loss) for the period to be appropriated | 9905 | €242 | €9,839 | +€9,597 | +3,958% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.