Lerou Architectural Hardware: 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.
Lerou Architectural Hardware
Largest movements
- Stocks and contracts -€38,806
down €38,806 (-9.8%), from €394,727 to €355,921
- Receivables within one year +€19,004
up €19,004 (+451%), from €4,214 to €23,218
of which Trade receivables: +€20,074
- Cash -€8,417
down €8,417 (-34.9%), from €24,134 to €15,717
mainly Debts after one year (-€70,604) and Investment in fixed assets (net) (-€20,690)
- Deferred charges and accrued income +€5,112
up €5,112 (+124%), from €4,112 to €9,224
- Debts after one year -€70,604
down €70,604 (-19.3%), from €366,315 to €295,711
of which Financial debts: -€64,271
- Profit (loss) carried forward +€46,425
no longer reported in 2025 (was -€46,425)
- Reserves +€26,761
new in 2025: €26,761
- Advances received -€19,733
no longer reported in 2025 (was €19,733)
- Trade debts -€17,928
down €17,928 (-47.0%), from €38,139 to €20,211
- Gross operating margin +€175,987
up €175,987 (+2,620%), from €6,717 to €182,703
- Write-downs +€52,899
new in 2025: €52,899
- Taxes +€13,069
up €13,069 (+1,826%), from €716 to €13,784
- Financial charges -€3,796
down €3,796 (-15.2%), from €25,054 to €21,259
- Depreciation -€3,770
down €3,770 (-17.8%), from €21,181 to €17,411
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 | €485,655 | €465,826 | -€19,829 | -4.1% |
| Fixed assets | 21/28 | €58,467 | €61,746 | +€3,279 | +5.6% |
| Tangible fixed assets | 22/27 | €58,467 | €61,296 | +€2,829 | +4.8% |
| Plant, machinery and equipment | 23 | €1,571 | €2,973 | +€1,401 | +89.2% |
| Leasing and similar rights | 25 | €54,795 | €39,641 | -€15,154 | -27.7% |
| Other tangible fixed assets | 26 | €2,100 | €18,682 | +€16,582 | +790% |
| Financial fixed assets | 28 | - | €450 | +€450 | |
| Current assets | 29/58 | €427,188 | €404,080 | -€23,108 | -5.4% |
| Stocks and contracts in progress | 3 | €394,727 | €355,921 | -€38,806 | -9.8% |
| Stocks | 30/36 | €394,727 | €355,921 | -€38,806 | -9.8% |
| Amounts receivable within one year | 40/41 | €4,214 | €23,218 | +€19,004 | +451% |
| Trade receivables | 40 | €3,067 | €23,141 | +€20,074 | +655% |
| Other amounts receivable | 41 | €1,147 | €77 | -€1,071 | -93.3% |
| Cash at bank and in hand | 54/58 | €24,134 | €15,717 | -€8,417 | -34.9% |
| Deferred charges and accrued income | 490/1 | €4,112 | €9,224 | +€5,112 | +124% |
| Total equity and liabilities | 10/49 | €485,655 | €465,826 | -€19,829 | -4.1% |
| Equity | 10/15 | -€41,425 | €31,761 | +€73,186 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €26,761 | +€26,761 | |
| Distributable reserves | 133 | - | €26,761 | +€26,761 | |
| Profit (loss) carried forward | 14 | -€46,425 | - | +€46,425 | |
| Amounts payable | 17/49 | €527,080 | €434,065 | -€93,015 | -17.6% |
| Amounts payable after more than one year | 17 | €366,315 | €295,711 | -€70,604 | -19.3% |
| Financial debts | 170/4 | €349,025 | €284,754 | -€64,271 | -18.4% |
| Other amounts payable | 178/9 | €17,291 | €10,957 | -€6,333 | -36.6% |
| Amounts payable within one year | 42/48 | €160,765 | €138,354 | -€22,411 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €62,904 | €70,277 | +€7,373 | +11.7% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €38,139 | €20,211 | -€17,928 | -47.0% |
| Suppliers | 440/4 | €38,139 | €20,211 | -€17,928 | -47.0% |
| Advances received on contracts in progress | 46 | €19,733 | - | -€19,733 | |
| Taxes, remuneration and social security | 45 | €9,989 | €17,866 | +€7,877 | +78.9% |
| Taxes | 450/3 | €9,989 | €17,866 | +€7,877 | +78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,181 | €17,411 | -€3,770 | -17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €52,899 | +€52,899 | |
| Other operating charges | 640/8 | €6,862 | €4,890 | -€1,972 | -28.7% |
| Gross operating margin | 9900 | €6,717 | €182,703 | +€175,987 | +2,620% |
| Operating profit (loss) | 9901 | -€21,327 | €107,503 | +€128,830 | |
| Financial income | 75/76B | €672 | €726 | +€54 | +8.0% |
| Recurring financial income | 75 | €672 | €726 | +€54 | +8.0% |
| Financial charges | 65/66B | €25,054 | €21,259 | -€3,796 | -15.2% |
| Recurring financial charges | 65 | €25,054 | €21,259 | -€3,796 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€45,709 | €86,970 | +€132,680 | |
| Income taxes | 67/77 | €716 | €13,784 | +€13,069 | +1,826% |
| Profit (loss) for the period | 9904 | -€46,425 | €73,186 | +€119,611 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,425 | €73,186 | +€119,611 |
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 20 October 2026 via checked.be.