LELU: 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.
LELU
Largest movements
- Tangible fixed assets -€21,483
down €21,483 (-6.5%), from €330,186 to €308,703
of which Land and buildings: -€19,203
- Receivables within one year -€4,989
down €4,989 (-50.7%), from €9,835 to €4,846
- Debts after one year -€24,749
down €24,749 (-9.2%), from €269,691 to €244,942
- Other debts -€6,635
down €6,635 (-4.3%), from €153,568 to €146,933
- Trade debts +€4,541
up €4,541 (+122.3%), from €3,712 to €8,253
- Gross operating margin +€10,163
up €10,163 (+48.8%), from €20,844 to €31,007
- Depreciation +€916
up €916 (+4.5%), from €20,567 to €21,483
- Financial charges -€571
down €571 (-8.9%), from €6,399 to €5,828
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 | €340,148 | €315,031 | -€25,118 | -7.4% |
| Fixed assets | 21/28 | €330,186 | €308,703 | -€21,483 | -6.5% |
| Tangible fixed assets | 22/27 | €330,186 | €308,703 | -€21,483 | -6.5% |
| Land and buildings | 22 | €325,560 | €306,357 | -€19,203 | -5.9% |
| Plant, machinery and equipment | 23 | €4,626 | €2,346 | -€2,280 | -49.3% |
| Current assets | 29/58 | €9,963 | €6,328 | -€3,635 | -36.5% |
| Amounts receivable within one year | 40/41 | €9,835 | €4,846 | -€4,989 | -50.7% |
| Other amounts receivable | 41 | €9,835 | €4,846 | -€4,989 | -50.7% |
| Cash at bank and in hand | 54/58 | €0 | €1,307 | +€1,307 | |
| Deferred charges and accrued income | 490/1 | €128 | €175 | +€47 | +36.6% |
| Total equity and liabilities | 10/49 | €340,148 | €315,031 | -€25,118 | -7.4% |
| Equity | 10/15 | -€110,142 | -€109,846 | +€296 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,742 | -€128,446 | +€296 | +0.2% |
| Amounts payable | 17/49 | €450,291 | €424,877 | -€25,414 | -5.6% |
| Amounts payable after more than one year | 17 | €269,691 | €244,942 | -€24,749 | -9.2% |
| Financial debts | 170/4 | €269,691 | €244,942 | -€24,749 | -9.2% |
| Amounts payable within one year | 42/48 | €180,600 | €179,935 | -€665 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €23,320 | €24,749 | +€1,430 | +6.1% |
| Trade debts | 44 | €3,712 | €8,253 | +€4,541 | +122.3% |
| Suppliers | 440/4 | €3,712 | €8,253 | +€4,541 | +122.3% |
| Other amounts payable | 47/48 | €153,568 | €146,933 | -€6,635 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,567 | €21,483 | +€916 | +4.5% |
| Other operating charges | 640/8 | €3,385 | €3,400 | +€15 | +0.4% |
| Gross operating margin | 9900 | €20,844 | €31,007 | +€10,163 | +48.8% |
| Operating profit (loss) | 9901 | -€3,108 | €6,124 | +€9,232 | |
| Financial charges | 65/66B | €6,399 | €5,828 | -€571 | -8.9% |
| Recurring financial charges | 65 | €6,399 | €5,828 | -€571 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,507 | €296 | +€9,803 | |
| Profit (loss) for the period | 9904 | -€9,507 | €296 | +€9,803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,507 | €296 | +€9,803 |
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.