LESADEV: what changed
Two fiscal 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.
LESADEV
Largest movements
- Receivables within one year +€246,889
up €246,889 (+568.8%), from €43,402 to €290,291
- Current investments +€55,000
new in 2025: €55,000
- Deferred charges and accrued income +€47,918
up €47,918 (+54.3%), from €88,296 to €136,213
- Cash +€40,770
up €40,770 (+23.2%), from €175,530 to €216,300
mainly Net result for the year (+€303,565) and Tax, wage and social debts (+€86,794)
- Reserves +€303,500
up €303,500 (+129.0%), from €235,300 to €538,800
- Tax, wage and social debts +€86,794
up €86,794 (+120.3%), from €72,126 to €158,920
- Gross operating margin +€137,443
up €137,443 (+52.9%), from €260,026 to €397,469
- Taxes +€35,960
up €35,960 (+58.5%), from €61,476 to €97,435
- Financial income +€6,131
up €6,131 (+799.7%), from €767 to €6,898
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.
Cash bridge derived
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 | €313,269 | €702,937 | +€389,668 | +124.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €6,041 | €5,132 | -€908 | -15.0% |
| Tangible fixed assets | 22/27 | €6,041 | €5,132 | -€908 | -15.0% |
| Plant, machinery and equipment | 23 | €2,797 | €2,484 | -€313 | -11.2% |
| Furniture and vehicles | 24 | €3,244 | €2,648 | -€596 | -18.4% |
| Current assets | 29/58 | €307,228 | €697,804 | +€390,576 | +127.1% |
| Amounts receivable within one year | 40/41 | €43,402 | €290,291 | +€246,889 | +568.8% |
| Other amounts receivable | 41 | €43,402 | €290,291 | +€246,889 | +568.8% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €175,530 | €216,300 | +€40,770 | +23.2% |
| Deferred charges and accrued income | 490/1 | €88,296 | €136,213 | +€47,918 | +54.3% |
| Total equity and liabilities | 10/49 | €313,269 | €702,937 | +€389,668 | +124.4% |
| Equity | 10/15 | €238,367 | €541,932 | +€303,565 | +127.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €235,300 | €538,800 | +€303,500 | +129.0% |
| Distributable reserves | 133 | €235,300 | €538,800 | +€303,500 | +129.0% |
| Profit (loss) carried forward | 14 | €67 | €132 | +€65 | +96.7% |
| Amounts payable | 17/49 | €74,902 | €161,005 | +€86,103 | +115.0% |
| Amounts payable within one year | 42/48 | €74,902 | €161,005 | +€86,103 | +115.0% |
| Trade debts | 44 | €2,776 | €2,085 | -€692 | -24.9% |
| Suppliers | 440/4 | €2,776 | €2,085 | -€692 | -24.9% |
| Taxes, remuneration and social security | 45 | €72,126 | €158,920 | +€86,794 | +120.3% |
| Taxes | 450/3 | €72,126 | €158,920 | +€86,794 | +120.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,578 | €1,986 | -€591 | -22.9% |
| Other operating charges | 640/8 | - | €254 | +€254 | |
| Gross operating margin | 9900 | €260,026 | €397,469 | +€137,443 | +52.9% |
| Operating profit (loss) | 9901 | €257,448 | €395,229 | +€137,781 | +53.5% |
| Financial income | 75/76B | €767 | €6,898 | +€6,131 | +799.7% |
| Recurring financial income | 75 | €767 | €6,898 | +€6,131 | +799.7% |
| Financial charges | 65/66B | €1,045 | €1,127 | +€81 | +7.8% |
| Recurring financial charges | 65 | €1,045 | €1,127 | +€81 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €257,170 | €401,000 | +€143,831 | +55.9% |
| Income taxes | 67/77 | €61,476 | €97,435 | +€35,960 | +58.5% |
| Profit (loss) for the period | 9904 | €195,694 | €303,565 | +€107,871 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €195,694 | €303,565 | +€107,871 | +55.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.