LERIAS: 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.
LERIAS
Largest movements
- Tangible fixed assets +€50,877
up €50,877 (+421%), from €12,082 to €62,958
- Cash +€50,655
up €50,655 (+60.9%), from €83,219 to €133,874
mainly Net result for the year (+€55,817) and Debts after one year (+€50,633)
- Receivables within one year +€11,035
up €11,035 (+27.3%), from €40,492 to €51,527
of which Other amounts receivable: +€17,979
- Current investments +€5,000
new in 2026: €5,000
- Stocks and contracts -€2,625
no longer reported in 2026 (was €2,625)
of which Stocks: -€2,488
- Reserves +€55,817
up €55,817 (+46.1%), from €121,034 to €176,852
- Debts after one year +€50,633
up €50,633 (+8,263%), from €613 to €51,246
- Current portion of long-term debt +€6,794
up €6,794 (+95.2%), from €7,137 to €13,931
- Gross operating margin -€4,896
down €4,896 (-5.7%), from €85,178 to €80,282
- Depreciation +€3,450
up €3,450 (+57.6%), from €5,992 to €9,442
- Taxes -€3,150
down €3,150 (-19.3%), from €16,296 to €13,147
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,637 | €255,910 | +€113,273 | +79.4% |
| Fixed assets | 21/28 | €12,082 | €62,958 | +€50,877 | +421% |
| Tangible fixed assets | 22/27 | €12,082 | €62,958 | +€50,877 | +421% |
| Furniture and vehicles | 24 | €12,082 | €62,958 | +€50,877 | +421% |
| Current assets | 29/58 | €130,555 | €192,952 | +€62,396 | +47.8% |
| Stocks and contracts in progress | 3 | €2,625 | - | -€2,625 | |
| Stocks | 30/36 | €2,488 | - | -€2,488 | |
| Contracts in progress | 37 | €138 | - | -€138 | |
| Amounts receivable within one year | 40/41 | €40,492 | €51,527 | +€11,035 | +27.3% |
| Trade receivables | 40 | €36,784 | €29,841 | -€6,944 | -18.9% |
| Other amounts receivable | 41 | €3,708 | €21,687 | +€17,979 | +485% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €83,219 | €133,874 | +€50,655 | +60.9% |
| Deferred charges and accrued income | 490/1 | €4,219 | €2,550 | -€1,669 | -39.6% |
| Total equity and liabilities | 10/49 | €142,637 | €255,910 | +€113,273 | +79.4% |
| Equity | 10/15 | €126,034 | €181,852 | +€55,817 | +44.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,034 | €176,852 | +€55,817 | +46.1% |
| Distributable reserves | 133 | €121,034 | €176,852 | +€55,817 | +46.1% |
| Amounts payable | 17/49 | €16,603 | €74,058 | +€57,455 | +346% |
| Amounts payable after more than one year | 17 | €613 | €51,246 | +€50,633 | +8,263% |
| Financial debts | 170/4 | €613 | €51,246 | +€50,633 | +8,263% |
| Amounts payable within one year | 42/48 | €15,414 | €22,128 | +€6,714 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €7,137 | €13,931 | +€6,794 | +95.2% |
| Trade debts | 44 | €785 | €406 | -€379 | -48.3% |
| Suppliers | 440/4 | €785 | €406 | -€379 | -48.3% |
| Taxes, remuneration and social security | 45 | €6,909 | €7,790 | +€881 | +12.8% |
| Taxes | 450/3 | €4,909 | €5,790 | +€881 | +17.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €583 | - | -€583 | |
| Accrued charges and deferred income | 492/3 | €576 | €684 | +€109 | +18.9% |
| Non-recurring operating income | 76A | - | €2,418 | +€2,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,992 | €9,442 | +€3,450 | +57.6% |
| Other operating charges | 640/8 | €534 | €496 | -€38 | -7.1% |
| Gross operating margin | 9900 | €85,178 | €80,282 | -€4,896 | -5.7% |
| Operating profit (loss) | 9901 | €78,653 | €70,344 | -€8,309 | -10.6% |
| Financial charges | 65/66B | €647 | €1,380 | +€734 | +113% |
| Recurring financial charges | 65 | €647 | €1,380 | +€734 | +113% |
| Profit (loss) for the period before taxes | 9903 | €78,006 | €68,964 | -€9,042 | -11.6% |
| Income taxes | 67/77 | €16,296 | €13,147 | -€3,150 | -19.3% |
| Profit (loss) for the period | 9904 | €61,710 | €55,817 | -€5,892 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,710 | €55,817 | -€5,892 | -9.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.