LERUTH MANAGEMENT: 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.
LERUTH MANAGEMENT
Largest movements
- Receivables within one year +€75,625
up €75,625 (+174%), from €43,560 to €119,185
of which Trade receivables: +€75,625
- Cash +€60,375
up €60,375 (+78.2%), from €77,194 to €137,570
mainly Net result for the year (+€114,079) and Debts after one year (+€42,719)
- Tangible fixed assets +€55,233
new in 2025: €55,233
- Reserves +€114,000
up €114,000 (+158%), from €72,000 to €186,000
- Debts after one year +€42,719
new in 2025: €42,719
- Tax, wage and social debts +€25,428
up €25,428 (+63.3%), from €40,148 to €65,577
- Current portion of long-term debt +€12,421
new in 2025: €12,421
- Gross operating margin +€70,300
up €70,300 (+69.6%), from €100,939 to €171,238
- Taxes +€19,534
up €19,534 (+70.9%), from €27,571 to €47,106
- Depreciation +€6,951
new in 2025: €6,951
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 | €120,754 | €313,006 | +€192,252 | +159% |
| Fixed assets | 21/28 | - | €55,233 | +€55,233 | |
| Tangible fixed assets | 22/27 | - | €55,233 | +€55,233 | |
| Leasing and similar rights | 25 | - | €55,233 | +€55,233 | |
| Current assets | 29/58 | €120,754 | €257,773 | +€137,018 | +113% |
| Amounts receivable within one year | 40/41 | €43,560 | €119,185 | +€75,625 | +174% |
| Trade receivables | 40 | €43,560 | €119,185 | +€75,625 | +174% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €77,194 | €137,570 | +€60,375 | +78.2% |
| Deferred charges and accrued income | 490/1 | - | €1,018 | +€1,018 | |
| Total equity and liabilities | 10/49 | €120,754 | €313,006 | +€192,252 | +159% |
| Equity | 10/15 | €77,729 | €191,808 | +€114,079 | +147% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,000 | €186,000 | +€114,000 | +158% |
| Distributable reserves | 133 | €72,000 | €186,000 | +€114,000 | +158% |
| Profit (loss) carried forward | 14 | €729 | €808 | +€79 | +10.8% |
| Amounts payable | 17/49 | €43,025 | €121,198 | +€78,173 | +182% |
| Amounts payable after more than one year | 17 | - | €42,719 | +€42,719 | |
| Financial debts | 170/4 | - | €42,719 | +€42,719 | |
| Amounts payable within one year | 42/48 | €42,831 | €78,279 | +€35,448 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,421 | +€12,421 | |
| Trade debts | 44 | €818 | €69 | -€749 | -91.6% |
| Suppliers | 440/4 | €818 | €69 | -€749 | -91.6% |
| Taxes, remuneration and social security | 45 | €40,148 | €65,577 | +€25,428 | +63.3% |
| Taxes | 450/3 | €40,148 | €65,577 | +€25,428 | +63.3% |
| Other amounts payable | 47/48 | €1,865 | €213 | -€1,652 | -88.6% |
| Accrued charges and deferred income | 492/3 | €194 | €200 | +€6 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,951 | +€6,951 | |
| Other operating charges | 640/8 | €578 | €1,581 | +€1,003 | +173% |
| Gross operating margin | 9900 | €100,939 | €171,238 | +€70,300 | +69.6% |
| Operating profit (loss) | 9901 | €100,361 | €162,706 | +€62,346 | +62.1% |
| Financial charges | 65/66B | €60 | €1,522 | +€1,462 | +2,431% |
| Recurring financial charges | 65 | €60 | €1,522 | +€1,462 | +2,431% |
| Profit (loss) for the period before taxes | 9903 | €100,301 | €161,184 | +€60,884 | +60.7% |
| Income taxes | 67/77 | €27,571 | €47,106 | +€19,534 | +70.9% |
| Profit (loss) for the period | 9904 | €72,729 | €114,079 | +€41,349 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,729 | €114,079 | +€41,349 | +56.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.