LELS: 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.
LELS
Largest movements
- Cash +€150,540
up €150,540 (+33.5%), from €448,758 to €599,298
mainly Other debts (+€379,250) and Net result for the year (+€231,010)
- Receivables within one year +€26,105
up €26,105 (+15.4%), from €169,418 to €195,523
of which Other amounts receivable: +€22,565
- Other debts +€379,250
new in 2025: €379,250
- Profit (loss) carried forward -€215,167
no longer reported in 2025 (was €215,167)
- Tax, wage and social debts +€12,562
up €12,562 (+9.6%), from €130,404 to €142,966
- Gross operating margin +€20,683
up €20,683 (+7.4%), from €280,487 to €301,171
- Taxes +€5,461
up €5,461 (+8.3%), from €65,550 to €71,010
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 | €618,176 | €794,821 | +€176,645 | +28.6% |
| Current assets | 29/58 | €618,176 | €794,821 | +€176,645 | +28.6% |
| Amounts receivable within one year | 40/41 | €169,418 | €195,523 | +€26,105 | +15.4% |
| Trade receivables | 40 | €150,151 | €153,690 | +€3,539 | +2.4% |
| Other amounts receivable | 41 | €19,267 | €41,833 | +€22,565 | +117% |
| Cash at bank and in hand | 54/58 | €448,758 | €599,298 | +€150,540 | +33.5% |
| Total equity and liabilities | 10/49 | €618,176 | €794,821 | +€176,645 | +28.6% |
| Equity | 10/15 | €486,772 | €271,605 | -€215,167 | -44.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €266,605 | €266,605 | = | 0.0% |
| Distributable reserves | 133 | €266,605 | €266,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,167 | - | -€215,167 | |
| Amounts payable | 17/49 | €131,404 | €523,216 | +€391,812 | +298% |
| Amounts payable within one year | 42/48 | €131,404 | €523,216 | +€391,812 | +298% |
| Trade debts | 44 | €1,000 | €1,000 | = | 0.0% |
| Suppliers | 440/4 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €130,404 | €142,966 | +€12,562 | +9.6% |
| Taxes | 450/3 | €130,404 | €142,966 | +€12,562 | +9.6% |
| Other amounts payable | 47/48 | - | €379,250 | +€379,250 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €280,487 | €301,171 | +€20,683 | +7.4% |
| Operating profit (loss) | 9901 | €280,487 | €300,771 | +€20,284 | +7.2% |
| Financial income | 75/76B | €616 | €1,588 | +€972 | +158% |
| Recurring financial income | 75 | €616 | €1,588 | +€972 | +158% |
| Financial charges | 65/66B | €387 | €339 | -€47 | -12.3% |
| Recurring financial charges | 65 | €387 | €339 | -€47 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €280,717 | €302,020 | +€21,303 | +7.6% |
| Income taxes | 67/77 | €65,550 | €71,010 | +€5,461 | +8.3% |
| Profit (loss) for the period | 9904 | €215,167 | €231,010 | +€15,843 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €215,167 | €231,010 | +€15,843 | +7.4% |
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 31 October 2026 via checked.be.