LERICO: 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.
LERICO
Largest movements
- Cash -€105,996
down €105,996 (-86.7%), from €122,244 to €16,248
mainly Net result for the year (-€54,778) and Tax, wage and social debts (-€39,481)
- Tangible fixed assets -€3,849
down €3,849 (-43.1%), from €8,930 to €5,081
of which Furniture and vehicles: -€3,244
- Receivables within one year +€2,972
up €2,972 (+135%), from €2,201 to €5,173
of which Trade receivables: +€3,410
- Deferred charges and accrued income -€1,466
down €1,466 (-42.1%), from €3,483 to €2,017
- Profit (loss) carried forward -€54,778
down €54,778 (-72.2%), from -€75,840 to -€130,618
- Tax, wage and social debts -€39,481
down €39,481 (-91.7%), from €43,075 to €3,593
- Other debts -€15,441
down €15,441 (-22.9%), from €67,553 to €52,112
- Provisions +€58,222
no longer reported in 2025 (was -€58,222)
- Financial charges -€54,423
down €54,423 (-97.9%), from €55,585 to €1,163
- Gross operating margin +€27,658
up €27,658 (+46.4%), from -€59,661 to -€32,003
- Financial income -€1,239
no longer reported in 2025 (was €1,239)
- Other operating charges -€900
down €900 (-37.8%), from €2,380 to €1,479
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 | €136,894 | €28,555 | -€108,339 | -79.1% |
| Fixed assets | 21/28 | €8,967 | €5,117 | -€3,849 | -42.9% |
| Tangible fixed assets | 22/27 | €8,930 | €5,081 | -€3,849 | -43.1% |
| Plant, machinery and equipment | 23 | €605 | - | -€605 | |
| Furniture and vehicles | 24 | €8,325 | €5,081 | -€3,244 | -39.0% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €127,927 | €23,437 | -€104,490 | -81.7% |
| Amounts receivable within one year | 40/41 | €2,201 | €5,173 | +€2,972 | +135% |
| Trade receivables | 40 | €1,082 | €4,492 | +€3,410 | +315% |
| Other amounts receivable | 41 | €1,119 | €681 | -€438 | -39.2% |
| Cash at bank and in hand | 54/58 | €122,244 | €16,248 | -€105,996 | -86.7% |
| Deferred charges and accrued income | 490/1 | €3,483 | €2,017 | -€1,466 | -42.1% |
| Total equity and liabilities | 10/49 | €136,894 | €28,555 | -€108,339 | -79.1% |
| Equity | 10/15 | €24,361 | -€30,417 | -€54,778 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,801 | €87,801 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,941 | €50,941 | = | 0.0% |
| Distributable reserves | 133 | €36,860 | €36,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,840 | -€130,618 | -€54,778 | -72.2% |
| Amounts payable | 17/49 | €112,533 | €58,972 | -€53,561 | -47.6% |
| Amounts payable within one year | 42/48 | €112,533 | €58,972 | -€53,561 | -47.6% |
| Trade debts | 44 | €1,905 | €3,266 | +€1,362 | +71.5% |
| Suppliers | 440/4 | €1,905 | €3,266 | +€1,362 | +71.5% |
| Taxes, remuneration and social security | 45 | €43,075 | €3,593 | -€39,481 | -91.7% |
| Taxes | 450/3 | €43,075 | €3,593 | -€39,481 | -91.7% |
| Other amounts payable | 47/48 | €67,553 | €52,112 | -€15,441 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,430 | €3,849 | -€581 | -13.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€58,222 | - | +€58,222 | |
| Other operating charges | 640/8 | €2,380 | €1,479 | -€900 | -37.8% |
| Non-recurring operating charges | 66A | - | €14,925 | +€14,925 | |
| Gross operating margin | 9900 | -€59,661 | -€32,003 | +€27,658 | +46.4% |
| Operating profit (loss) | 9901 | -€8,249 | -€52,257 | -€44,008 | -533% |
| Financial income | 75/76B | €1,239 | - | -€1,239 | |
| Recurring financial income | 75 | €1,239 | - | -€1,239 | |
| Financial charges | 65/66B | €55,585 | €1,163 | -€54,423 | -97.9% |
| Recurring financial charges | 65 | €55,585 | €1,163 | -€54,423 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | -€62,595 | -€53,420 | +€9,175 | +14.7% |
| Income taxes | 67/77 | €1,484 | €1,359 | -€126 | -8.5% |
| Profit (loss) for the period | 9904 | -€64,079 | -€54,778 | +€9,301 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,079 | -€54,778 | +€9,301 | +14.5% |
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 28 October 2026 via checked.be.