LESAFFRE GENT: 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.
LESAFFRE GENT
Largest movements
- Receivables within one year +€156,232
up €156,232 (+20.1%), from €776,880 to €933,112
of which Other amounts receivable: +€164,068
- Cash -€81,181
down €81,181 (-83.8%), from €96,904 to €15,723
mainly Receivables within one year (-€156,232) and Debts after one year (-€107,887)
- Tangible fixed assets -€58,942
down €58,942 (-3.5%), from €1.7m to €1.6m
of which Land and buildings: -€58,487
- Stocks and contracts +€51,583
up €51,583 (+38.9%), from €132,707 to €184,291
- Reserves +€180,729
up €180,729 (+11.9%), from €1.5m to €1.7m
of which Distributable reserves: +€195,609
- Debts after one year -€107,887
down €107,887 (-12.9%), from €834,222 to €726,334
- Gross operating margin +€70,139
up €70,139 (+19.8%), from €354,320 to €424,459
- Taxes +€18,587
up €18,587 (+38.5%), from €48,243 to €66,831
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 | €2,739,345 | €2,808,185 | +€68,840 | +2.5% |
| Fixed assets | 21/28 | €1,687,082 | €1,628,140 | -€58,942 | -3.5% |
| Tangible fixed assets | 22/27 | €1,687,082 | €1,628,140 | -€58,942 | -3.5% |
| Land and buildings | 22 | €1,685,541 | €1,627,053 | -€58,487 | -3.5% |
| Furniture and vehicles | 24 | €1,542 | €1,087 | -€455 | -29.5% |
| Current assets | 29/58 | €1,052,263 | €1,180,045 | +€127,783 | +12.1% |
| Stocks and contracts in progress | 3 | €132,707 | €184,291 | +€51,583 | +38.9% |
| Stocks | 30/36 | €132,707 | €184,291 | +€51,583 | +38.9% |
| Amounts receivable within one year | 40/41 | €776,880 | €933,112 | +€156,232 | +20.1% |
| Trade receivables | 40 | €31,226 | €23,391 | -€7,836 | -25.1% |
| Other amounts receivable | 41 | €745,654 | €909,722 | +€164,068 | +22.0% |
| Cash at bank and in hand | 54/58 | €96,904 | €15,723 | -€81,181 | -83.8% |
| Deferred charges and accrued income | 490/1 | €45,771 | €46,919 | +€1,148 | +2.5% |
| Total equity and liabilities | 10/49 | €2,739,345 | €2,808,185 | +€68,840 | +2.5% |
| Equity | 10/15 | €1,582,908 | €1,763,637 | +€180,729 | +11.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,520,908 | €1,701,637 | +€180,729 | +11.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €380,010 | €365,130 | -€14,880 | -3.9% |
| Distributable reserves | 133 | €1,134,698 | €1,330,307 | +€195,609 | +17.2% |
| Provisions and deferred taxes | 16 | €126,670 | €121,710 | -€4,960 | -3.9% |
| Deferred taxes | 168 | €126,670 | €121,710 | -€4,960 | -3.9% |
| Amounts payable | 17/49 | €1,029,767 | €922,838 | -€106,929 | -10.4% |
| Amounts payable after more than one year | 17 | €834,222 | €726,334 | -€107,887 | -12.9% |
| Financial debts | 170/4 | €834,222 | €726,334 | -€107,887 | -12.9% |
| Amounts payable within one year | 42/48 | €181,765 | €183,793 | +€2,028 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €105,718 | €107,888 | +€2,171 | +2.1% |
| Financial debts | 43 | €33,841 | €33,801 | -€40 | -0.1% |
| Credit institutions | 430/8 | €33,841 | €33,801 | -€40 | -0.1% |
| Trade debts | 44 | €18,587 | €19,550 | +€963 | +5.2% |
| Suppliers | 440/4 | €18,587 | €19,550 | +€963 | +5.2% |
| Taxes, remuneration and social security | 45 | €23,329 | €22,553 | -€776 | -3.3% |
| Taxes | 450/3 | €8,213 | €22,553 | +€14,340 | +175% |
| Remuneration and social security | 454/9 | €15,116 | - | -€15,116 | |
| Other amounts payable | 47/48 | €290 | - | -€290 | |
| Accrued charges and deferred income | 492/3 | €13,780 | €12,711 | -€1,069 | -7.8% |
| Remuneration, social security and pensions | 62 | €126,966 | €130,162 | +€3,195 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,658 | €58,942 | -€715 | -1.2% |
| Other operating charges | 640/8 | €15,270 | €15,274 | +€4 | 0.0% |
| Gross operating margin | 9900 | €354,320 | €424,459 | +€70,139 | +19.8% |
| Operating profit (loss) | 9901 | €152,426 | €220,081 | +€67,655 | +44.4% |
| Financial income | 75/76B | €43,727 | €46,164 | +€2,437 | +5.6% |
| Recurring financial income | 75 | €43,727 | €46,164 | +€2,437 | +5.6% |
| Financial charges | 65/66B | €26,382 | €23,645 | -€2,736 | -10.4% |
| Recurring financial charges | 65 | €26,382 | €23,645 | -€2,736 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €169,772 | €242,599 | +€72,828 | +42.9% |
| Transfer from deferred taxes | 780 | €4,960 | €4,960 | = | 0.0% |
| Income taxes | 67/77 | €48,243 | €66,831 | +€18,587 | +38.5% |
| Profit (loss) for the period | 9904 | €126,488 | €180,729 | +€54,241 | +42.9% |
| Transfer from tax-exempt reserves | 789 | €14,880 | €14,880 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €141,368 | €195,609 | +€54,241 | +38.4% |
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 25 October 2026 via checked.be.