LES OYATS: 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 OYATS
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-31.5%), from €4.8m to €3.3m
- Current investments +€650,000
up €650,000 (+556%), from €117,000 to €767,000
- Tangible fixed assets -€147,580
down €147,580 (-15.6%), from €946,779 to €799,199
of which Land and buildings: -€129,693
- Short-term financial debts -€1.1m
no longer reported in 2025 (was €1.1m)
- Reserves +€289,615
up €289,615 (+223%), from €129,881 to €419,496
- Current portion of long-term debt -€214,082
down €214,082 (-96.2%), from €222,559 to €8,477
- Other debts +€169,200
up €169,200 (+15.2%), from €1.1m to €1.3m
- Debts after one year -€92,609
down €92,609 (-2.2%), from €4.3m to €4.2m
- Gross operating margin +€395,954
up €395,954 (+616%), from €64,260 to €460,214
- Financial charges -€30,972
down €30,972 (-14.9%), from €207,575 to €176,604
- Depreciation -€6,665
down €6,665 (-23.4%), from €28,510 to €21,845
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 | €7,011,551 | €6,042,917 | -€968,634 | -13.8% |
| Fixed assets | 21/28 | €946,779 | €799,199 | -€147,580 | -15.6% |
| Tangible fixed assets | 22/27 | €946,779 | €799,199 | -€147,580 | -15.6% |
| Land and buildings | 22 | €917,649 | €787,956 | -€129,693 | -14.1% |
| Furniture and vehicles | 24 | €29,130 | €11,243 | -€17,887 | -61.4% |
| Current assets | 29/58 | €6,064,773 | €5,243,718 | -€821,054 | -13.5% |
| Stocks and contracts in progress | 3 | €4,781,228 | €3,276,000 | -€1.5m | -31.5% |
| Stocks | 30/36 | €4,781,228 | €3,276,000 | -€1.5m | -31.5% |
| Amounts receivable within one year | 40/41 | €1,126,738 | €1,137,787 | +€11,049 | +1.0% |
| Trade receivables | 40 | - | €4,636 | +€4,636 | |
| Other amounts receivable | 41 | €1,126,738 | €1,133,151 | +€6,414 | +0.6% |
| Current investments | 50/53 | €117,000 | €767,000 | +€650,000 | +556% |
| Cash at bank and in hand | 54/58 | €39,807 | €62,931 | +€23,125 | +58.1% |
| Total equity and liabilities | 10/49 | €7,011,551 | €6,042,917 | -€968,634 | -13.8% |
| Equity | 10/15 | €229,881 | €519,496 | +€289,615 | +126% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €129,881 | €419,496 | +€289,615 | +223% |
| Distributable reserves | 133 | €129,881 | €419,496 | +€289,615 | +223% |
| Amounts payable | 17/49 | €6,781,671 | €5,523,421 | -€1.3m | -18.6% |
| Amounts payable after more than one year | 17 | €4,297,750 | €4,205,140 | -€92,609 | -2.2% |
| Financial debts | 170/4 | €4,297,750 | €4,205,140 | -€92,609 | -2.2% |
| Amounts payable within one year | 42/48 | €2,483,921 | €1,318,281 | -€1.2m | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €222,559 | €8,477 | -€214,082 | -96.2% |
| Financial debts | 43 | €1,142,172 | - | -€1.1m | |
| Credit institutions | 430/8 | €1,142,172 | - | -€1.1m | |
| Trade debts | 44 | €1,611 | €25,945 | +€24,334 | +1,510% |
| Suppliers | 440/4 | €1,611 | €25,945 | +€24,334 | +1,510% |
| Advances received on contracts in progress | 46 | €5,400 | - | -€5,400 | |
| Taxes, remuneration and social security | 45 | - | €2,481 | +€2,481 | |
| Taxes | 450/3 | - | €2,481 | +€2,481 | |
| Other amounts payable | 47/48 | €1,112,178 | €1,281,378 | +€169,200 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,510 | €21,845 | -€6,665 | -23.4% |
| Other operating charges | 640/8 | €15,911 | €16,328 | +€417 | +2.6% |
| Gross operating margin | 9900 | €64,260 | €460,214 | +€395,954 | +616% |
| Operating profit (loss) | 9901 | €19,840 | €422,041 | +€402,201 | +2,027% |
| Financial income | 75/76B | €45,419 | €44,178 | -€1,241 | -2.7% |
| Recurring financial income | 75 | €45,419 | €44,178 | -€1,241 | -2.7% |
| Financial charges | 65/66B | €207,575 | €176,604 | -€30,972 | -14.9% |
| Recurring financial charges | 65 | €207,575 | €176,604 | -€30,972 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€142,316 | €289,615 | +€431,932 | |
| Profit (loss) for the period | 9904 | -€142,316 | €289,615 | +€431,932 | |
| Profit (loss) for the period to be appropriated | 9905 | -€142,316 | €289,615 | +€431,932 |
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 30 October 2026 via checked.be.