LEQUENNE: 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.
LEQUENNE
Largest movements
- Receivables within one year -€24,166
down €24,166 (-25.2%), from €95,921 to €71,755
of which Trade receivables: -€35,617
- Cash +€21,623
up €21,623 (+16.7%), from €129,544 to €151,167
mainly Net result for the year (+€113,737) and Receivables within one year (+€24,166)
- Tangible fixed assets -€10,984
down €10,984 (-56.2%), from €19,548 to €8,564
of which Furniture and vehicles: -€7,567
- Reserves +€113,737
up €113,737 (+99.9%), from €113,886 to €227,623
of which Distributable reserves: +€113,737
- Other debts -€110,652
down €110,652 (-99.4%), from €111,283 to €631
- Accrued charges and deferred income -€20,097
down €20,097 (-65.5%), from €30,699 to €10,602
- Financial charges -€98,669
down €98,669 (-99.7%), from €98,987 to €318
- Staff costs -€68,438
down €68,438 (-45.8%), from €149,339 to €80,901
- Gross operating margin -€15,963
down €15,963 (-6.5%), from €246,799 to €230,835
- Financial income -€11,908
down €11,908 (-99.0%), from €12,029 to €121
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 | €300,590 | €285,876 | -€14,714 | -4.9% |
| Fixed assets | 21/28 | €69,911 | €58,927 | -€10,984 | -15.7% |
| Tangible fixed assets | 22/27 | €19,548 | €8,564 | -€10,984 | -56.2% |
| Land and buildings | 22 | €3,206 | €0 | -€3,206 | -100.0% |
| Plant, machinery and equipment | 23 | €211 | €0 | -€211 | -100.0% |
| Furniture and vehicles | 24 | €16,131 | €8,564 | -€7,567 | -46.9% |
| Financial fixed assets | 28 | €50,363 | €50,363 | = | 0.0% |
| Current assets | 29/58 | €230,679 | €226,949 | -€3,730 | -1.6% |
| Amounts receivable within one year | 40/41 | €95,921 | €71,755 | -€24,166 | -25.2% |
| Trade receivables | 40 | €80,757 | €45,141 | -€35,617 | -44.1% |
| Other amounts receivable | 41 | €15,164 | €26,615 | +€11,451 | +75.5% |
| Current investments | 50/53 | €3,083 | €3,083 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €129,544 | €151,167 | +€21,623 | +16.7% |
| Deferred charges and accrued income | 490/1 | €2,132 | €944 | -€1,187 | -55.7% |
| Total equity and liabilities | 10/49 | €300,590 | €285,876 | -€14,714 | -4.9% |
| Equity | 10/15 | €114,786 | €228,523 | +€113,737 | +99.1% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €113,886 | €227,623 | +€113,737 | +99.9% |
| Non-distributable reserves | 130/1 | €6,820 | €6,820 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,820 | €6,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €88,316 | €202,053 | +€113,737 | +128.8% |
| Profit (loss) carried forward | 14 | -€67,300 | -€67,300 | = | 0.0% |
| Amounts payable | 17/49 | €185,804 | €57,352 | -€128,452 | -69.1% |
| Amounts payable within one year | 42/48 | €155,105 | €46,750 | -€108,355 | -69.9% |
| Trade debts | 44 | €3,707 | €3,885 | +€177 | +4.8% |
| Suppliers | 440/4 | €3,707 | €3,885 | +€177 | +4.8% |
| Advances received on contracts in progress | 46 | €262 | €262 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €39,853 | €41,973 | +€2,120 | +5.3% |
| Taxes | 450/3 | €26,829 | €31,089 | +€4,260 | +15.9% |
| Remuneration and social security | 454/9 | €13,024 | €10,884 | -€2,140 | -16.4% |
| Other amounts payable | 47/48 | €111,283 | €631 | -€110,652 | -99.4% |
| Accrued charges and deferred income | 492/3 | €30,699 | €10,602 | -€20,097 | -65.5% |
| Remuneration, social security and pensions | 62 | €149,339 | €80,901 | -€68,438 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,162 | €7,778 | -€2,384 | -23.5% |
| Other operating charges | 640/8 | €638 | €971 | +€333 | +52.3% |
| Non-recurring operating charges | 66A | - | €3,206 | +€3,206 | |
| Gross operating margin | 9900 | €246,799 | €230,835 | -€15,963 | -6.5% |
| Operating profit (loss) | 9901 | €86,660 | €137,979 | +€51,319 | +59.2% |
| Financial income | 75/76B | €12,029 | €121 | -€11,908 | -99.0% |
| Recurring financial income | 75 | €12,029 | €121 | -€11,908 | -99.0% |
| Financial charges | 65/66B | €98,987 | €318 | -€98,669 | -99.7% |
| Recurring financial charges | 65 | €98,987 | €318 | -€98,669 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€297 | €137,783 | +€138,080 | |
| Income taxes | 67/77 | €23,599 | €24,046 | +€447 | +1.9% |
| Profit (loss) for the period | 9904 | -€23,896 | €113,737 | +€137,633 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,896 | €113,737 | +€137,633 |
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 3 October 2026 via checked.be.