LES FRERES LOPEZ: what changed
LES FRERES LOPEZ
Largest movements
- Receivables within one year -€12,636
down €12,636 (-80.0%), from €15,792 to €3,156
of which Trade receivables: -€10,225
- Stocks and contracts -€9,913
down €9,913 (-35.7%), from €27,789 to €17,877
- Tangible fixed assets -€7,256
down €7,256 (-22.6%), from €32,047 to €24,791
- Receivables after one year -€4,800
down €4,800 (-53.3%), from €9,000 to €4,200
- Advances received -€22,666
down €22,666 (-48.9%), from €46,397 to €23,732
- Trade debts -€9,142
down €9,142 (-71.7%), from €12,759 to €3,617
- Profit (loss) carried forward -€5,337
down €5,337 (-4.5%), from €119,433 to €114,096
- Gross operating margin -€11,893
down €11,893 (-86.8%), from €13,706 to €1,813
- Depreciation +€3,023
up €3,023 (+71.4%), from €4,233 to €7,256
- Taxes -€2,406
no longer reported in 2025 (was €2,406)
- Financial income -€328
down €328 (-40.8%), from €804 to €476
- Financial charges -€175
down €175 (-32.1%), from €545 to €370
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,439 | €161,904 | -€37,534 | -18.8% |
| Fixed assets | 21/28 | €32,047 | €24,791 | -€7,256 | -22.6% |
| Tangible fixed assets | 22/27 | €32,047 | €24,791 | -€7,256 | -22.6% |
| Furniture and vehicles | 24 | €32,047 | €24,791 | -€7,256 | -22.6% |
| Current assets | 29/58 | €167,392 | €137,113 | -€30,279 | -18.1% |
| Amounts receivable after more than one year | 29 | €9,000 | €4,200 | -€4,800 | -53.3% |
| Other amounts receivable | 291 | €9,000 | €4,200 | -€4,800 | -53.3% |
| Stocks and contracts in progress | 3 | €27,789 | €17,877 | -€9,913 | -35.7% |
| Stocks | 30/36 | €27,789 | €17,877 | -€9,913 | -35.7% |
| Amounts receivable within one year | 40/41 | €15,792 | €3,156 | -€12,636 | -80.0% |
| Trade receivables | 40 | €10,225 | - | -€10,225 | |
| Other amounts receivable | 41 | €5,567 | €3,156 | -€2,411 | -43.3% |
| Cash at bank and in hand | 54/58 | €113,578 | €111,881 | -€1,697 | -1.5% |
| Deferred charges and accrued income | 490/1 | €1,233 | - | -€1,233 | |
| Total equity and liabilities | 10/49 | €199,439 | €161,904 | -€37,534 | -18.8% |
| Equity | 10/15 | €139,893 | €134,556 | -€5,337 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,433 | €114,096 | -€5,337 | -4.5% |
| Amounts payable | 17/49 | €59,546 | €27,348 | -€32,197 | -54.1% |
| Amounts payable within one year | 42/48 | €59,546 | €27,348 | -€32,197 | -54.1% |
| Trade debts | 44 | €12,759 | €3,617 | -€9,142 | -71.7% |
| Suppliers | 440/4 | €12,759 | €3,617 | -€9,142 | -71.7% |
| Advances received on contracts in progress | 46 | €46,397 | €23,732 | -€22,666 | -48.9% |
| Taxes, remuneration and social security | 45 | €389 | - | -€389 | |
| Taxes | 450/3 | €389 | - | -€389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,233 | €7,256 | +€3,023 | +71.4% |
| Other operating charges | 640/8 | €53 | - | -€53 | |
| Gross operating margin | 9900 | €13,706 | €1,813 | -€11,893 | -86.8% |
| Operating profit (loss) | 9901 | €9,421 | -€5,443 | -€14,863 | |
| Financial income | 75/76B | €804 | €476 | -€328 | -40.8% |
| Recurring financial income | 75 | €804 | €476 | -€328 | -40.8% |
| Financial charges | 65/66B | €545 | €370 | -€175 | -32.1% |
| Recurring financial charges | 65 | €545 | €370 | -€175 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €9,679 | -€5,337 | -€15,016 | |
| Income taxes | 67/77 | €2,406 | - | -€2,406 | |
| Profit (loss) for the period | 9904 | €7,273 | -€5,337 | -€12,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,273 | -€5,337 | -€12,610 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.