LESAGE GROUP: 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.
LESAGE GROUP
Largest movements
- Receivables within one year -€78,756
down €78,756 (-73.1%), from €107,734 to €28,977
of which Other amounts receivable: -€74,249
- Tangible fixed assets +€75,000
up €75,000 (+160.5%), from €46,731 to €121,731
- Reserves +€223,702
up €223,702 (+7.2%), from €3.1m to €3.3m
of which Distributable reserves: +€223,702
- Other debts -€210,463
down €210,463 (-15.9%), from €1.3m to €1.1m
- Tax, wage and social debts -€51,636
down €51,636 (-47.2%), from €109,318 to €57,682
of which Taxes: -€48,797
- Gross operating margin +€72,639
up €72,639 (+21.1%), from €343,896 to €416,535
- Taxes +€22,199
up €22,199 (+41.9%), from €52,926 to €75,126
- Financial charges -€18,083
down €18,083 (-26.1%), from €69,372 to €51,289
- Depreciation +€9,358
up €9,358 (+69.2%), from €13,516 to €22,874
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 | €4,611,950 | €4,570,648 | -€41,302 | -0.9% |
| Fixed assets | 21/28 | €2,694,673 | €2,773,174 | +€78,500 | +2.9% |
| Tangible fixed assets | 22/27 | €46,731 | €121,731 | +€75,000 | +160.5% |
| Furniture and vehicles | 24 | €46,731 | €121,731 | +€75,000 | +160.5% |
| Financial fixed assets | 28 | €2,647,943 | €2,651,443 | +€3,500 | +0.1% |
| Current assets | 29/58 | €1,917,277 | €1,797,474 | -€119,802 | -6.2% |
| Amounts receivable after more than one year | 29 | €1,709,112 | €1,709,112 | = | 0.0% |
| Other amounts receivable | 291 | €1,709,112 | €1,709,112 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,734 | €28,977 | -€78,756 | -73.1% |
| Trade receivables | 40 | €32,337 | €27,830 | -€4,507 | -13.9% |
| Other amounts receivable | 41 | €75,397 | €1,147 | -€74,249 | -98.5% |
| Cash at bank and in hand | 54/58 | €83,997 | €47,648 | -€36,349 | -43.3% |
| Deferred charges and accrued income | 490/1 | €16,434 | €11,736 | -€4,697 | -28.6% |
| Total equity and liabilities | 10/49 | €4,611,950 | €4,570,648 | -€41,302 | -0.9% |
| Equity | 10/15 | €3,178,720 | €3,402,422 | +€223,702 | +7.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €3,117,220 | €3,340,922 | +€223,702 | +7.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,111,070 | €3,334,772 | +€223,702 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,433,230 | €1,168,226 | -€265,004 | -18.5% |
| Amounts payable within one year | 42/48 | €1,430,354 | €1,168,226 | -€262,128 | -18.3% |
| Trade debts | 44 | €828 | €799 | -€29 | -3.5% |
| Suppliers | 440/4 | €828 | €799 | -€29 | -3.5% |
| Taxes, remuneration and social security | 45 | €109,318 | €57,682 | -€51,636 | -47.2% |
| Taxes | 450/3 | €84,963 | €36,166 | -€48,797 | -57.4% |
| Remuneration and social security | 454/9 | €24,354 | €21,515 | -€2,839 | -11.7% |
| Other amounts payable | 47/48 | €1,320,208 | €1,109,745 | -€210,463 | -15.9% |
| Accrued charges and deferred income | 492/3 | €2,876 | €0 | -€2,876 | -100.0% |
| Non-recurring operating income | 76A | €1,240 | €29,400 | +€28,160 | +2271.6% |
| Remuneration, social security and pensions | 62 | €125,034 | €127,750 | +€2,715 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,516 | €22,874 | +€9,358 | +69.2% |
| Other operating charges | 640/8 | €1,645 | €1,502 | -€144 | -8.7% |
| Gross operating margin | 9900 | €343,896 | €416,535 | +€72,639 | +21.1% |
| Operating profit (loss) | 9901 | €203,700 | €264,409 | +€60,709 | +29.8% |
| Financial income | 75/76B | €85,710 | €85,707 | -€3 | 0.0% |
| Recurring financial income | 75 | €85,710 | €85,707 | -€3 | 0.0% |
| Financial charges | 65/66B | €69,372 | €51,289 | -€18,083 | -26.1% |
| Recurring financial charges | 65 | €69,372 | €51,289 | -€18,083 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €220,038 | €298,827 | +€78,789 | +35.8% |
| Income taxes | 67/77 | €52,926 | €75,126 | +€22,199 | +41.9% |
| Profit (loss) for the period | 9904 | €167,112 | €223,702 | +€56,590 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €167,112 | €223,702 | +€56,590 | +33.9% |
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 11 October 2026 via checked.be.