LES CASSE - PIEDS: 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.
LES CASSE - PIEDS
Largest movements
- Receivables within one year -€34,296
down €34,296 (-83.3%), from €41,191 to €6,895
of which Trade receivables: -€22,945
- Cash +€32,090
up €32,090 (+8.6%), from €371,570 to €403,660
mainly Net result for the year (+€71,213) and Receivables within one year (+€34,296)
- Stocks and contracts +€17,003
up €17,003 (+39.3%), from €43,213 to €60,216
- Reserves +€27,000
up €27,000 (+6.9%), from €392,359 to €419,359
of which Distributable reserves: +€27,000
- Trade debts -€25,261
down €25,261 (-46.2%), from €54,698 to €29,437
- Staff costs +€4,960
up €4,960 (+15.1%), from €32,892 to €37,852
- Gross operating margin -€3,539
down €3,539 (-2.4%), from €147,804 to €144,265
- Taxes -€2,712
down €2,712 (-8.5%), from €31,998 to €29,286
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 | €532,791 | €541,497 | +€8,706 | +1.6% |
| Fixed assets | 21/28 | €70,357 | €65,703 | -€4,654 | -6.6% |
| Tangible fixed assets | 22/27 | €69,707 | €65,053 | -€4,654 | -6.7% |
| Land and buildings | 22 | €60,689 | €56,469 | -€4,220 | -7.0% |
| Plant, machinery and equipment | 23 | €8,512 | €7,418 | -€1,094 | -12.9% |
| Furniture and vehicles | 24 | €505 | €1,166 | +€661 | +131% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €462,434 | €475,794 | +€13,360 | +2.9% |
| Stocks and contracts in progress | 3 | €43,213 | €60,216 | +€17,003 | +39.3% |
| Stocks | 30/36 | €43,213 | €60,216 | +€17,003 | +39.3% |
| Amounts receivable within one year | 40/41 | €41,191 | €6,895 | -€34,296 | -83.3% |
| Trade receivables | 40 | €29,839 | €6,894 | -€22,945 | -76.9% |
| Other amounts receivable | 41 | €11,352 | €1 | -€11,351 | -100.0% |
| Cash at bank and in hand | 54/58 | €371,570 | €403,660 | +€32,090 | +8.6% |
| Deferred charges and accrued income | 490/1 | €6,460 | €5,023 | -€1,437 | -22.2% |
| Total equity and liabilities | 10/49 | €532,791 | €541,497 | +€8,706 | +1.6% |
| Equity | 10/15 | €433,030 | €460,243 | +€27,213 | +6.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €392,359 | €419,359 | +€27,000 | +6.9% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €379,359 | €406,359 | +€27,000 | +7.1% |
| Profit (loss) carried forward | 14 | €22,078 | €22,291 | +€213 | +1.0% |
| Amounts payable | 17/49 | €99,761 | €81,254 | -€18,507 | -18.6% |
| Amounts payable within one year | 42/48 | €99,713 | €81,006 | -€18,707 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,607 | +€1,607 | |
| Trade debts | 44 | €54,698 | €29,437 | -€25,261 | -46.2% |
| Suppliers | 440/4 | €54,698 | €29,437 | -€25,261 | -46.2% |
| Advances received on contracts in progress | 46 | €95 | €29 | -€66 | -69.7% |
| Taxes, remuneration and social security | 45 | €44,920 | €49,934 | +€5,014 | +11.2% |
| Taxes | 450/3 | €39,809 | €44,895 | +€5,086 | +12.8% |
| Remuneration and social security | 454/9 | €5,111 | €5,039 | -€72 | -1.4% |
| Accrued charges and deferred income | 492/3 | €48 | €248 | +€200 | +417% |
| Non-recurring operating income | 76A | €39 | - | -€39 | |
| Remuneration, social security and pensions | 62 | €32,892 | €37,852 | +€4,960 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,232 | €6,053 | +€821 | +15.7% |
| Other operating charges | 640/8 | €1,811 | €1,866 | +€56 | +3.1% |
| Gross operating margin | 9900 | €147,804 | €144,265 | -€3,539 | -2.4% |
| Operating profit (loss) | 9901 | €107,868 | €98,493 | -€9,375 | -8.7% |
| Financial income | 75/76B | €4,857 | €5,240 | +€383 | +7.9% |
| Recurring financial income | 75 | €4,857 | €5,240 | +€383 | +7.9% |
| Financial charges | 65/66B | €3,476 | €3,234 | -€242 | -7.0% |
| Recurring financial charges | 65 | €3,476 | €3,234 | -€242 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €109,250 | €100,499 | -€8,750 | -8.0% |
| Income taxes | 67/77 | €31,998 | €29,286 | -€2,712 | -8.5% |
| Profit (loss) for the period | 9904 | €77,252 | €71,213 | -€6,039 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,252 | €71,213 | -€6,039 | -7.8% |
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 31 October 2026 via checked.be.