LES TECH: 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 TECH
Largest movements
- Receivables within one year +€14,508
up €14,508 (+22.3%), from €65,165 to €79,673
of which Trade receivables: +€9,126
- Cash -€2,276
down €2,276 (-14.5%), from €15,651 to €13,375
mainly Receivables within one year (-€14,508) and Tax, wage and social debts (-€2,968)
- Reserves +€9,000
new in 2025: €9,000
- Trade debts +€5,864
up €5,864 (+153%), from €3,834 to €9,698
of which Suppliers: +€6,067
- Tax, wage and social debts -€2,968
down €2,968 (-41.8%), from €7,092 to €4,125
of which Remuneration and social security: -€1,731
- Gross operating margin -€23,055
down €23,055 (-36.7%), from €62,894 to €39,839
- Depreciation -€8,477
no longer reported in 2025 (was €8,477)
- Staff costs -€2,345
down €2,345 (-9.4%), from €24,991 to €22,646
- Taxes -€1,237
down €1,237 (-23.1%), from €5,361 to €4,125
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 | €80,816 | €93,048 | +€12,232 | +15.1% |
| Current assets | 29/58 | €80,816 | €93,048 | +€12,232 | +15.1% |
| Amounts receivable within one year | 40/41 | €65,165 | €79,673 | +€14,508 | +22.3% |
| Trade receivables | 40 | €24,702 | €33,827 | +€9,126 | +36.9% |
| Other amounts receivable | 41 | €40,463 | €45,845 | +€5,382 | +13.3% |
| Cash at bank and in hand | 54/58 | €15,651 | €13,375 | -€2,276 | -14.5% |
| Total equity and liabilities | 10/49 | €80,816 | €93,048 | +€12,232 | +15.1% |
| Equity | 10/15 | €69,890 | €79,225 | +€9,335 | +13.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €9,000 | +€9,000 | |
| Distributable reserves | 133 | - | €9,000 | +€9,000 | |
| Profit (loss) carried forward | 14 | €65,890 | €66,225 | +€335 | +0.5% |
| Amounts payable | 17/49 | €10,926 | €13,823 | +€2,896 | +26.5% |
| Amounts payable within one year | 42/48 | €10,926 | €13,823 | +€2,896 | +26.5% |
| Trade debts | 44 | €3,834 | €9,698 | +€5,864 | +153% |
| Suppliers | 440/4 | €3,631 | €9,698 | +€6,067 | +167% |
| Bills of exchange payable | 441 | €203 | - | -€203 | |
| Taxes, remuneration and social security | 45 | €7,092 | €4,125 | -€2,968 | -41.8% |
| Taxes | 450/3 | €5,361 | €4,125 | -€1,237 | -23.1% |
| Remuneration and social security | 454/9 | €1,731 | - | -€1,731 | |
| Remuneration, social security and pensions | 62 | €24,991 | €22,646 | -€2,345 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,477 | - | -€8,477 | |
| Other operating charges | 640/8 | €973 | €828 | -€145 | -14.9% |
| Gross operating margin | 9900 | €62,894 | €39,839 | -€23,055 | -36.7% |
| Operating profit (loss) | 9901 | €28,452 | €16,365 | -€12,087 | -42.5% |
| Financial charges | 65/66B | €2,976 | €2,905 | -€71 | -2.4% |
| Recurring financial charges | 65 | €2,976 | €2,905 | -€71 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €25,476 | €13,460 | -€12,016 | -47.2% |
| Income taxes | 67/77 | €5,361 | €4,125 | -€1,237 | -23.1% |
| Profit (loss) for the period | 9904 | €20,114 | €9,335 | -€10,779 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,114 | €9,335 | -€10,779 | -53.6% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.