LERUSTE: 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.
LERUSTE
Largest movements
- Cash -€30,608
down €30,608 (-25.2%), from €121,517 to €90,910
mainly Receivables after one year (-€26,843) and Other debts (-€18,478)
- Receivables after one year +€26,843
new in 2025: €26,843
- Tangible fixed assets -€19,286
down €19,286 (-15.3%), from €125,945 to €106,659
of which Plant, machinery and equipment: -€11,214
- Receivables within one year -€13,350
down €13,350 (-20.1%), from €66,399 to €53,050
of which Trade receivables: -€30,682
- Profit (loss) carried forward +€18,885
up €18,885 (+11.5%), from €164,139 to €183,024
- Other debts -€18,478
down €18,478 (-100.0%), from €18,478 to €0
- Trade debts -€15,639
down €15,639 (-47.9%), from €32,647 to €17,008
- Debts after one year -€14,802
down €14,802 (-21.7%), from €68,366 to €53,565
- Tax, wage and social debts -€7,467
down €7,467 (-44.7%), from €16,698 to €9,231
of which Remuneration and social security: -€5,500
- Gross operating margin -€66,536
down €66,536 (-29.3%), from €226,854 to €160,319
- Staff costs -€58,699
down €58,699 (-35.8%), from €164,038 to €105,340
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.
Cash bridge derived
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 | €324,387 | €288,982 | -€35,405 | -10.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €125,945 | €106,659 | -€19,286 | -15.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €125,945 | €106,659 | -€19,286 | -15.3% |
| Plant, machinery and equipment | 23 | €96,364 | €85,149 | -€11,214 | -11.6% |
| Furniture and vehicles | 24 | €29,581 | €21,510 | -€8,072 | -27.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €198,442 | €182,323 | -€16,119 | -8.1% |
| Amounts receivable after more than one year | 29 | - | €26,843 | +€26,843 | |
| Trade receivables | 290 | - | €26,843 | +€26,843 | |
| Stocks and contracts in progress | 3 | €2,034 | €1,948 | -€86 | -4.2% |
| Stocks | 30/36 | €2,034 | €1,948 | -€86 | -4.2% |
| Amounts receivable within one year | 40/41 | €66,399 | €53,050 | -€13,350 | -20.1% |
| Trade receivables | 40 | €61,842 | €31,160 | -€30,682 | -49.6% |
| Other amounts receivable | 41 | €4,558 | €21,890 | +€17,332 | +380.3% |
| Cash at bank and in hand | 54/58 | €121,517 | €90,910 | -€30,608 | -25.2% |
| Deferred charges and accrued income | 490/1 | €8,491 | €9,572 | +€1,081 | +12.7% |
| Total equity and liabilities | 10/49 | €324,387 | €288,982 | -€35,405 | -10.9% |
| Equity | 10/15 | €172,199 | €191,084 | +€18,885 | +11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,139 | €183,024 | +€18,885 | +11.5% |
| Amounts payable | 17/49 | €152,188 | €97,898 | -€54,290 | -35.7% |
| Amounts payable after more than one year | 17 | €68,366 | €53,565 | -€14,802 | -21.7% |
| Financial debts | 170/4 | €68,366 | €53,565 | -€14,802 | -21.7% |
| Amounts payable within one year | 42/48 | €82,187 | €41,040 | -€41,147 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €14,364 | €14,802 | +€438 | +3.0% |
| Trade debts | 44 | €32,647 | €17,008 | -€15,639 | -47.9% |
| Suppliers | 440/4 | €32,647 | €17,008 | -€15,639 | -47.9% |
| Taxes, remuneration and social security | 45 | €16,698 | €9,231 | -€7,467 | -44.7% |
| Taxes | 450/3 | €4,629 | €2,662 | -€1,967 | -42.5% |
| Remuneration and social security | 454/9 | €12,068 | €6,568 | -€5,500 | -45.6% |
| Other amounts payable | 47/48 | €18,478 | €0 | -€18,478 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,634 | €3,293 | +€1,659 | +101.5% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €164,038 | €105,340 | -€58,699 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,164 | €23,286 | +€121 | +0.5% |
| Other operating charges | 640/8 | €1,608 | €1,007 | -€601 | -37.4% |
| Gross operating margin | 9900 | €226,854 | €160,319 | -€66,536 | -29.3% |
| Operating profit (loss) | 9901 | €38,043 | €30,686 | -€7,357 | -19.3% |
| Financial income | 75/76B | €179 | €2,001 | +€1,822 | +1018.2% |
| Recurring financial income | 75 | €179 | €2,001 | +€1,822 | +1018.2% |
| Financial charges | 65/66B | €7,968 | €6,384 | -€1,583 | -19.9% |
| Recurring financial charges | 65 | €7,968 | €6,384 | -€1,583 | -19.9% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €30,254 | €26,303 | -€3,952 | -13.1% |
| Income taxes | 67/77 | €7,997 | €7,418 | -€579 | -7.2% |
| Profit (loss) for the period | 9904 | €22,258 | €18,885 | -€3,373 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,258 | €18,885 | -€3,373 | -15.2% |
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 11 October 2026 via checked.be.