Lerut Erik: 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.
Lerut Erik
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€403,743
down €403,743 (-70.3%), from €574,263 to €170,520
mainly Current investments (-€500,000) and Trade debts (-€44,376)
- Receivables within one year -€43,232
down €43,232 (-9.4%), from €459,943 to €416,711
of which Other amounts receivable: -€43,232
- Reserves +€53,170
up €53,170 (+5.9%), from €908,586 to €961,755
- Trade debts -€44,376
down €44,376 (-36.7%), from €121,031 to €76,655
- Other debts +€18,088
new in 2025: €18,088
- Tax, wage and social debts +€15,289
up €15,289 (+4,578%), from €334 to €15,623
- Profit (loss) carried forward +€11,874
no longer reported in 2025 (was -€11,874)
- Gross operating margin +€93,116
up €93,116 (+824%), from €11,297 to €104,412
- Taxes +€27,881
up €27,881 (+300%), from €9,287 to €37,168
- Other operating charges -€7,638
down €7,638 (-62.8%), from €12,170 to €4,533
- Financial income +€3,055
up €3,055 (+76,364%), from €4 to €3,059
- Depreciation -€1,139
down €1,139 (-76.6%), from €1,488 to €349
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 | €1,039,303 | €1,093,348 | +€54,045 | +5.2% |
| Fixed assets | 21/28 | €1,307 | €958 | -€349 | -26.7% |
| Tangible fixed assets | 22/27 | €1,307 | €958 | -€349 | -26.7% |
| Furniture and vehicles | 24 | €1,307 | €958 | -€349 | -26.7% |
| Current assets | 29/58 | €1,037,996 | €1,092,390 | +€54,394 | +5.2% |
| Amounts receivable within one year | 40/41 | €459,943 | €416,711 | -€43,232 | -9.4% |
| Trade receivables | 40 | €344,683 | €344,683 | -€0 | 0.0% |
| Other amounts receivable | 41 | €115,260 | €72,028 | -€43,232 | -37.5% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €574,263 | €170,520 | -€403,743 | -70.3% |
| Deferred charges and accrued income | 490/1 | €3,790 | €5,159 | +€1,369 | +36.1% |
| Total equity and liabilities | 10/49 | €1,039,303 | €1,093,348 | +€54,045 | +5.2% |
| Equity | 10/15 | €916,712 | €981,755 | +€65,044 | +7.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €908,586 | €961,755 | +€53,170 | +5.9% |
| Distributable reserves | 133 | €908,586 | €961,755 | +€53,170 | +5.9% |
| Profit (loss) carried forward | 14 | -€11,874 | - | +€11,874 | |
| Amounts payable | 17/49 | €122,591 | €111,593 | -€10,999 | -9.0% |
| Amounts payable within one year | 42/48 | €121,365 | €110,366 | -€10,999 | -9.1% |
| Trade debts | 44 | €121,031 | €76,655 | -€44,376 | -36.7% |
| Suppliers | 440/4 | €121,031 | €76,655 | -€44,376 | -36.7% |
| Taxes, remuneration and social security | 45 | €334 | €15,623 | +€15,289 | +4,578% |
| Taxes | 450/3 | €334 | €15,623 | +€15,289 | +4,578% |
| Other amounts payable | 47/48 | - | €18,088 | +€18,088 | |
| Accrued charges and deferred income | 492/3 | €1,226 | €1,226 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,488 | €349 | -€1,139 | -76.6% |
| Other operating charges | 640/8 | €12,170 | €4,533 | -€7,638 | -62.8% |
| Gross operating margin | 9900 | €11,297 | €104,412 | +€93,116 | +824% |
| Operating profit (loss) | 9901 | -€2,361 | €99,531 | +€101,893 | |
| Financial income | 75/76B | €4 | €3,059 | +€3,055 | +76,364% |
| Recurring financial income | 75 | €4 | €3,059 | +€3,055 | +76,364% |
| Financial charges | 65/66B | €230 | €378 | +€148 | +64.5% |
| Recurring financial charges | 65 | €230 | €378 | +€148 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,587 | €102,212 | +€104,799 | |
| Income taxes | 67/77 | €9,287 | €37,168 | +€27,881 | +300% |
| Profit (loss) for the period | 9904 | -€11,874 | €65,044 | +€76,918 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,874 | €65,044 | +€76,918 |
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 17 October 2026 via checked.be.