LERI: 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.
What changed
LERI
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€31,482
2024 · €30,694+€788
Equity
€484,185
2024 · €458,562+€25,623
Cash
€35,770
2024 · €29,307+€6,463
Balance sheet total
€986,582
2024 · €1.0m-€21,422
Largest movements
Assets
- Receivables within one year -€18,165
down €18,165 (-16.2%), from €112,157 to €93,991
of which Trade receivables: -€48,210
Equity and liabilities
- Debts after one year -€50,284
down €50,284 (-11.4%), from €441,031 to €390,746
- Reserves +€25,623
up €25,623 (+8.2%), from €313,562 to €339,185
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€30,694
Gross operating margin
+€742
Depreciation
-€130
Other operating charges
-€583
Financial income
+€756
Financial charges
+€771
Taxes
-€768
Result 2025
€31,482
raises the resultlowers the result
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.
From operations
+€76,445
Investment
-€14,000
Financing
-€55,982
Cash 2024
€29,307
From operations (derived)
+€76,445
Net result for the year
+€31,482
Depreciation
+€23,618
Receivables within one year
+€18,165
Deferred charges and accrued income
+€102
Trade debts
-€943
Tax, wage and social debts
+€3,307
Other debts
+€848
Accrued charges and deferred income
-€133
Investment (derived)
-€14,000
Investment in fixed assets (net)
-€14,000
Financing
-€55,982
Debts after one year
-€50,284
Current portion of long-term debt
+€161
Contributions, distributions and other
-€5,859
Cash 2025
€35,770
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,008,004 | €986,582 | -€21,422 | -2.1% |
| Fixed assets | 21/28 | €865,954 | €856,336 | -€9,618 | -1.1% |
| Tangible fixed assets | 22/27 | €549,954 | €540,336 | -€9,618 | -1.7% |
| Land and buildings | 22 | €548,204 | €524,717 | -€23,488 | -4.3% |
| Furniture and vehicles | 24 | - | €13,870 | +€13,870 | |
| Other tangible fixed assets | 26 | €1,750 | €1,750 | = | 0.0% |
| Financial fixed assets | 28 | €316,000 | €316,000 | = | 0.0% |
| Current assets | 29/58 | €142,050 | €130,246 | -€11,804 | -8.3% |
| Amounts receivable within one year | 40/41 | €112,157 | €93,991 | -€18,165 | -16.2% |
| Trade receivables | 40 | €59,579 | €11,369 | -€48,210 | -80.9% |
| Other amounts receivable | 41 | €52,577 | €82,622 | +€30,045 | +57.1% |
| Cash at bank and in hand | 54/58 | €29,307 | €35,770 | +€6,463 | +22.1% |
| Deferred charges and accrued income | 490/1 | €586 | €484 | -€102 | -17.4% |
| Total equity and liabilities | 10/49 | €1,008,004 | €986,582 | -€21,422 | -2.1% |
| Equity | 10/15 | €458,562 | €484,185 | +€25,623 | +5.6% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €313,562 | €339,185 | +€25,623 | +8.2% |
| Distributable reserves | 133 | €313,562 | €339,185 | +€25,623 | +8.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €549,442 | €502,397 | -€47,044 | -8.6% |
| Amounts payable after more than one year | 17 | €441,031 | €390,746 | -€50,284 | -11.4% |
| Financial debts | 170/4 | €441,031 | €390,746 | -€50,284 | -11.4% |
| Amounts payable within one year | 42/48 | €104,870 | €108,243 | +€3,373 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €50,123 | €50,284 | +€161 | +0.3% |
| Trade debts | 44 | €5,558 | €4,614 | -€943 | -17.0% |
| Suppliers | 440/4 | €5,558 | €4,614 | -€943 | -17.0% |
| Taxes, remuneration and social security | 45 | €14,237 | €17,545 | +€3,307 | +23.2% |
| Taxes | 450/3 | €14,237 | €17,545 | +€3,307 | +23.2% |
| Other amounts payable | 47/48 | €34,952 | €35,800 | +€848 | +2.4% |
| Accrued charges and deferred income | 492/3 | €3,541 | €3,408 | -€133 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,488 | €23,618 | +€130 | +0.6% |
| Other operating charges | 640/8 | €5,526 | €6,109 | +€583 | +10.5% |
| Gross operating margin | 9900 | €89,148 | €89,890 | +€742 | +0.8% |
| Operating profit (loss) | 9901 | €60,134 | €60,163 | +€29 | 0.0% |
| Financial income | 75/76B | €679 | €1,435 | +€756 | +111% |
| Recurring financial income | 75 | €679 | €1,435 | +€756 | +111% |
| Financial charges | 65/66B | €20,118 | €19,347 | -€771 | -3.8% |
| Recurring financial charges | 65 | €20,118 | €19,347 | -€771 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €40,694 | €42,250 | +€1,556 | +3.8% |
| Income taxes | 67/77 | €10,000 | €10,768 | +€768 | +7.7% |
| Profit (loss) for the period | 9904 | €30,694 | €31,482 | +€788 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,694 | €31,482 | +€788 | +2.6% |
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.