LESAGE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€22,013
up €22,013 (+47.7%), from €46,142 to €68,156
mainly Net result for the year (+€30,839) and Receivables within one year (+€11,593)
- Receivables within one year -€11,593
down €11,593 (-77.0%), from €15,047 to €3,454
of which Trade receivables: -€11,633
- Receivables after one year +€10,000
new in 2025: €10,000
- Tangible fixed assets -€3,335
down €3,335 (-15.9%), from €20,953 to €17,618
of which Other tangible fixed assets: -€2,071
- Reserves +€30,839
up €30,839 (+58.0%), from €53,172 to €84,011
- Tax, wage and social debts -€9,969
down €9,969 (-47.8%), from €20,849 to €10,881
- Debts after one year -€4,299
down €4,299 (-16.7%), from €25,737 to €21,437
- Gross operating margin -€2,871
down €2,871 (-5.4%), from €52,772 to €49,901
- Taxes -€1,872
down €1,872 (-15.5%), from €12,051 to €10,180
- Other operating charges -€1,352
down €1,352 (-37.2%), from €3,634 to €2,282
- Financial charges -€1,338
down €1,338 (-28.8%), from €4,640 to €3,303
- Depreciation +€679
up €679 (+25.6%), from €2,656 to €3,335
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 | €110,284 | €127,258 | +€16,974 | +15.4% |
| Fixed assets | 21/28 | €47,455 | €44,120 | -€3,335 | -7.0% |
| Tangible fixed assets | 22/27 | €20,953 | €17,618 | -€3,335 | -15.9% |
| Furniture and vehicles | 24 | €1,640 | €375 | -€1,265 | -77.1% |
| Other tangible fixed assets | 26 | €19,313 | €17,243 | -€2,071 | -10.7% |
| Financial fixed assets | 28 | €26,502 | €26,502 | = | 0.0% |
| Current assets | 29/58 | €62,829 | €83,138 | +€20,309 | +32.3% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €15,047 | €3,454 | -€11,593 | -77.0% |
| Trade receivables | 40 | €15,047 | €3,415 | -€11,633 | -77.3% |
| Other amounts receivable | 41 | €0 | €39 | +€39 | |
| Cash at bank and in hand | 54/58 | €46,142 | €68,156 | +€22,013 | +47.7% |
| Deferred charges and accrued income | 490/1 | €1,640 | €1,528 | -€111 | -6.8% |
| Total equity and liabilities | 10/49 | €110,284 | €127,258 | +€16,974 | +15.4% |
| Equity | 10/15 | €56,772 | €87,611 | +€30,839 | +54.3% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €53,172 | €84,011 | +€30,839 | +58.0% |
| Distributable reserves | 133 | €53,172 | €84,011 | +€30,839 | +58.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,512 | €39,647 | -€13,865 | -25.9% |
| Amounts payable after more than one year | 17 | €25,737 | €21,437 | -€4,299 | -16.7% |
| Financial debts | 170/4 | €25,737 | €21,437 | -€4,299 | -16.7% |
| Amounts payable within one year | 42/48 | €27,776 | €18,210 | -€9,566 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €4,127 | €4,299 | +€173 | +4.2% |
| Financial debts | 43 | €770 | €859 | +€89 | +11.6% |
| Credit institutions | 430/8 | €770 | €859 | +€89 | +11.6% |
| Trade debts | 44 | €1,331 | €1,579 | +€248 | +18.6% |
| Suppliers | 440/4 | €1,331 | €1,579 | +€248 | +18.6% |
| Taxes, remuneration and social security | 45 | €20,849 | €10,881 | -€9,969 | -47.8% |
| Taxes | 450/3 | €20,849 | €10,881 | -€9,969 | -47.8% |
| Other amounts payable | 47/48 | €699 | €592 | -€107 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,656 | €3,335 | +€679 | +25.6% |
| Other operating charges | 640/8 | €3,634 | €2,282 | -€1,352 | -37.2% |
| Non-recurring operating charges | 66A | €3,500 | €0 | -€3,500 | -100% |
| Gross operating margin | 9900 | €52,772 | €49,901 | -€2,871 | -5.4% |
| Operating profit (loss) | 9901 | €42,982 | €44,284 | +€1,303 | +3.0% |
| Financial income | 75/76B | €1 | €37 | +€36 | +7,292% |
| Recurring financial income | 75 | €1 | €37 | +€36 | +7,292% |
| Financial charges | 65/66B | €4,640 | €3,303 | -€1,338 | -28.8% |
| Recurring financial charges | 65 | €4,640 | €3,303 | -€1,338 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €38,342 | €41,018 | +€2,677 | +7.0% |
| Income taxes | 67/77 | €12,051 | €10,180 | -€1,872 | -15.5% |
| Profit (loss) for the period | 9904 | €26,290 | €30,839 | +€4,549 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,290 | €30,839 | +€4,549 | +17.3% |
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 22 October 2026 via checked.be.