Les Eleveurs: 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 Eleveurs
Largest movements
- Intangible fixed assets -€40,500
down €40,500 (-10.8%), from €374,736 to €334,236
- Tangible fixed assets +€28,688
new in 2025: €28,688
- Cash +€8,035
up €8,035 (+300%), from €2,677 to €10,712
mainly Trade debts (+€85,079) and Tax, wage and social debts (+€50,047)
- Receivables within one year +€5,846
up €5,846 (+101%), from €5,780 to €11,625
of which Trade receivables: +€5,727
- Profit (loss) carried forward -€139,649
down €139,649 (-87.9%), from -€158,812 to -€298,461
- Trade debts +€85,079
up €85,079 (+123%), from €69,053 to €154,132
- Tax, wage and social debts +€50,047
up €50,047 (+58.0%), from €86,270 to €136,317
of which Taxes: +€55,650
- Accrued charges and deferred income +€25,543
up €25,543 (+288%), from €8,872 to €34,415
- Current portion of long-term debt +€24,694
up €24,694 (+41.7%), from €59,205 to €83,899
- Gross operating margin +€146,610
up €146,610 (+56.6%), from €259,119 to €405,729
- Staff costs +€106,126
up €106,126 (+29.2%), from €363,772 to €469,898
- Depreciation +€17,408
up €17,408 (+57.5%), from €30,264 to €47,672
- Financial charges +€16,663
up €16,663 (+83.0%), from €20,077 to €36,740
- Financial income +€10,641
up €10,641 (+8,446%), from €126 to €10,767
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 | €405,308 | €408,281 | +€2,974 | +0.7% |
| Fixed assets | 21/28 | €374,736 | €362,924 | -€11,812 | -3.2% |
| Intangible fixed assets | 21 | €374,736 | €334,236 | -€40,500 | -10.8% |
| Tangible fixed assets | 22/27 | - | €28,688 | +€28,688 | |
| Furniture and vehicles | 24 | - | €28,688 | +€28,688 | |
| Current assets | 29/58 | €30,572 | €45,358 | +€14,786 | +48.4% |
| Stocks and contracts in progress | 3 | €22,115 | €23,021 | +€905 | +4.1% |
| Stocks | 30/36 | €22,115 | €23,021 | +€905 | +4.1% |
| Amounts receivable within one year | 40/41 | €5,780 | €11,625 | +€5,846 | +101% |
| Trade receivables | 40 | €5,775 | €11,502 | +€5,727 | +99.2% |
| Other amounts receivable | 41 | €4 | €123 | +€119 | +2,847% |
| Cash at bank and in hand | 54/58 | €2,677 | €10,712 | +€8,035 | +300% |
| Total equity and liabilities | 10/49 | €405,308 | €408,281 | +€2,974 | +0.7% |
| Equity | 10/15 | -€153,812 | -€293,461 | -€139,649 | -90.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,812 | -€298,461 | -€139,649 | -87.9% |
| Amounts payable | 17/49 | €559,120 | €701,743 | +€142,623 | +25.5% |
| Amounts payable after more than one year | 17 | €313,825 | €290,267 | -€23,558 | -7.5% |
| Financial debts | 170/4 | €313,825 | €290,267 | -€23,558 | -7.5% |
| Amounts payable within one year | 42/48 | €236,422 | €377,060 | +€140,638 | +59.5% |
| Current portion of amounts payable after more than one year | 42 | €59,205 | €83,899 | +€24,694 | +41.7% |
| Financial debts | 43 | €6,262 | €0 | -€6,262 | -100% |
| Credit institutions | 430/8 | €6,262 | €0 | -€6,262 | -100% |
| Trade debts | 44 | €69,053 | €154,132 | +€85,079 | +123% |
| Suppliers | 440/4 | €69,053 | €154,132 | +€85,079 | +123% |
| Advances received on contracts in progress | 46 | €8,618 | €0 | -€8,618 | -100% |
| Taxes, remuneration and social security | 45 | €86,270 | €136,317 | +€50,047 | +58.0% |
| Taxes | 450/3 | €27,147 | €82,798 | +€55,650 | +205% |
| Remuneration and social security | 454/9 | €59,123 | €53,520 | -€5,603 | -9.5% |
| Other amounts payable | 47/48 | €7,014 | €2,712 | -€4,302 | -61.3% |
| Accrued charges and deferred income | 492/3 | €8,872 | €34,415 | +€25,543 | +288% |
| Non-recurring operating income | 76A | - | €2,124 | +€2,124 | |
| Remuneration, social security and pensions | 62 | €363,772 | €469,898 | +€106,126 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,264 | €47,672 | +€17,408 | +57.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,146 | €0 | -€1,146 | -100% |
| Other operating charges | 640/8 | €2,799 | €1,555 | -€1,244 | -44.4% |
| Gross operating margin | 9900 | €259,119 | €405,729 | +€146,610 | +56.6% |
| Operating profit (loss) | 9901 | -€138,861 | -€113,396 | +€25,465 | +18.3% |
| Financial income | 75/76B | €126 | €10,767 | +€10,641 | +8,446% |
| Recurring financial income | 75 | €126 | €10,767 | +€10,641 | +8,446% |
| Financial charges | 65/66B | €20,077 | €36,740 | +€16,663 | +83.0% |
| Recurring financial charges | 65 | €20,077 | €36,740 | +€16,663 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | -€158,812 | -€139,369 | +€19,443 | +12.2% |
| Income taxes | 67/77 | - | €281 | +€281 | |
| Profit (loss) for the period | 9904 | -€158,812 | -€139,649 | +€19,162 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€158,812 | -€139,649 | +€19,162 | +12.1% |
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.