LERU: 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.
LERU
Largest movements
- Current investments +€113,104
new in 2022: €113,104
- Cash -€87,828
no longer reported in 2022 (was €87,828)
mainly Current investments (-€113,104) and Deferred charges and accrued income (-€11,291)
- Receivables within one year -€20,442
down €20,442 (-12.4%), from €165,180 to €144,738
of which Trade receivables: -€24,303
- Deferred charges and accrued income +€11,291
up €11,291 (+265.2%), from €4,257 to €15,548
- Tangible fixed assets +€3,501
up €3,501 (+184.7%), from €1,895 to €5,396
of which Other tangible fixed assets: +€4,241
- Reserves +€17,592
up €17,592 (+7.5%), from €235,349 to €252,941
of which Distributable reserves: +€17,592
- Trade debts +€3,299
up €3,299 (+615.5%), from €536 to €3,835
- Gross operating margin -€6,608
down €6,608 (-16.7%), from €39,522 to €32,914
- Depreciation -€4,496
down €4,496 (-75.1%), from €5,990 to €1,494
- Taxes -€2,694
down €2,694 (-23.4%), from €11,509 to €8,815
- Other operating charges -€1,590
down €1,590 (-41.8%), from €3,807 to €2,217
- Financial income -€1,109
down €1,109 (-30.3%), from €3,657 to €2,548
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,160 | €278,786 | +€19,626 | +7.6% |
| Fixed assets | 21/28 | €1,895 | €5,396 | +€3,501 | +184.7% |
| Tangible fixed assets | 22/27 | €1,895 | €5,396 | +€3,501 | +184.7% |
| Furniture and vehicles | 24 | €1,141 | €401 | -€740 | -64.9% |
| Other tangible fixed assets | 26 | €754 | €4,995 | +€4,241 | +562.5% |
| Current assets | 29/58 | €257,265 | €273,390 | +€16,125 | +6.3% |
| Amounts receivable within one year | 40/41 | €165,180 | €144,738 | -€20,442 | -12.4% |
| Trade receivables | 40 | €110,999 | €86,696 | -€24,303 | -21.9% |
| Other amounts receivable | 41 | €54,181 | €58,042 | +€3,861 | +7.1% |
| Current investments | 50/53 | - | €113,104 | +€113,104 | |
| Cash at bank and in hand | 54/58 | €87,828 | - | -€87,828 | |
| Deferred charges and accrued income | 490/1 | €4,257 | €15,548 | +€11,291 | +265.2% |
| Total equity and liabilities | 10/49 | €259,160 | €278,786 | +€19,626 | +7.6% |
| Equity | 10/15 | €241,549 | €259,141 | +€17,592 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €235,349 | €252,941 | +€17,592 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €233,489 | €251,081 | +€17,592 | +7.5% |
| Amounts payable | 17/49 | €17,611 | €19,645 | +€2,034 | +11.5% |
| Amounts payable within one year | 42/48 | €17,611 | €19,645 | +€2,034 | +11.5% |
| Trade debts | 44 | €536 | €3,835 | +€3,299 | +615.5% |
| Suppliers | 440/4 | €536 | €3,835 | +€3,299 | +615.5% |
| Taxes, remuneration and social security | 45 | €17,075 | €15,810 | -€1,265 | -7.4% |
| Taxes | 450/3 | €17,075 | €15,810 | -€1,265 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,990 | €1,494 | -€4,496 | -75.1% |
| Other operating charges | 640/8 | €3,807 | €2,217 | -€1,590 | -41.8% |
| Non-recurring operating charges | 66A | €1,562 | €5,094 | +€3,532 | +226.1% |
| Gross operating margin | 9900 | €39,522 | €32,914 | -€6,608 | -16.7% |
| Operating profit (loss) | 9901 | €28,163 | €24,109 | -€4,054 | -14.4% |
| Financial income | 75/76B | €3,657 | €2,548 | -€1,109 | -30.3% |
| Recurring financial income | 75 | €3,657 | €2,548 | -€1,109 | -30.3% |
| Financial charges | 65/66B | €153 | €250 | +€97 | +63.4% |
| Recurring financial charges | 65 | €153 | €250 | +€97 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €31,667 | €26,407 | -€5,260 | -16.6% |
| Income taxes | 67/77 | €11,509 | €8,815 | -€2,694 | -23.4% |
| Profit (loss) for the period | 9904 | €20,158 | €17,592 | -€2,566 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,158 | €17,592 | -€2,566 | -12.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2021 and 31 March 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.