LESAGE's: 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's
Largest movements
- Cash -€29,966
down €29,966 (-20.2%), from €148,343 to €118,377
mainly Contributions, distributions and other (-€60,557) and Debts after one year (-€28,179)
- Tangible fixed assets -€26,926
down €26,926 (-5.7%), from €473,721 to €446,796
of which Land and buildings: -€22,218
- Receivables within one year -€8,422
down €8,422 (-25.1%), from €33,501 to €25,078
of which Trade receivables: -€8,841
- Reserves -€36,603
down €36,603 (-21.6%), from €169,597 to €132,994
- Debts after one year -€28,179
down €28,179 (-7.3%), from €386,619 to €358,440
of which Financial debts: -€28,179
- Staff costs -€48,847
down €48,847 (-45.8%), from €106,755 to €57,908
- Gross operating margin -€47,867
down €47,867 (-25.7%), from €186,330 to €138,464
- Other operating charges +€3,480
up €3,480 (+270%), from €1,290 to €4,771
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 | €656,621 | €592,072 | -€64,549 | -9.8% |
| Fixed assets | 21/28 | €473,721 | €446,796 | -€26,926 | -5.7% |
| Tangible fixed assets | 22/27 | €473,721 | €446,796 | -€26,926 | -5.7% |
| Land and buildings | 22 | €439,052 | €416,834 | -€22,218 | -5.1% |
| Plant, machinery and equipment | 23 | €10,685 | €9,768 | -€917 | -8.6% |
| Furniture and vehicles | 24 | €12,459 | €13,073 | +€614 | +4.9% |
| Leasing and similar rights | 25 | €7,179 | €3,317 | -€3,861 | -53.8% |
| Other tangible fixed assets | 26 | €4,347 | €3,803 | -€543 | -12.5% |
| Current assets | 29/58 | €182,900 | €145,276 | -€37,624 | -20.6% |
| Amounts receivable within one year | 40/41 | €33,501 | €25,078 | -€8,422 | -25.1% |
| Trade receivables | 40 | €32,183 | €23,342 | -€8,841 | -27.5% |
| Other amounts receivable | 41 | €1,317 | €1,736 | +€419 | +31.8% |
| Current investments | 50/53 | €707 | - | -€707 | |
| Cash at bank and in hand | 54/58 | €148,343 | €118,377 | -€29,966 | -20.2% |
| Deferred charges and accrued income | 490/1 | €349 | €1,821 | +€1,472 | +422% |
| Total equity and liabilities | 10/49 | €656,621 | €592,072 | -€64,549 | -9.8% |
| Equity | 10/15 | €174,597 | €137,994 | -€36,603 | -21.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €169,597 | €132,994 | -€36,603 | -21.6% |
| Distributable reserves | 133 | €169,597 | €132,994 | -€36,603 | -21.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €482,024 | €454,078 | -€27,947 | -5.8% |
| Amounts payable after more than one year | 17 | €386,619 | €358,440 | -€28,179 | -7.3% |
| Financial debts | 170/4 | €345,470 | €317,291 | -€28,179 | -8.2% |
| Other amounts payable | 178/9 | €41,149 | €41,149 | = | 0.0% |
| Amounts payable within one year | 42/48 | €92,683 | €92,915 | +€232 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €31,099 | €28,590 | -€2,509 | -8.1% |
| Trade debts | 44 | €11,277 | €7,372 | -€3,905 | -34.6% |
| Suppliers | 440/4 | €11,277 | €7,372 | -€3,905 | -34.6% |
| Taxes, remuneration and social security | 45 | €10,026 | €11,484 | +€1,458 | +14.5% |
| Taxes | 450/3 | €2,485 | €9,331 | +€6,846 | +276% |
| Remuneration and social security | 454/9 | €7,541 | €2,153 | -€5,388 | -71.5% |
| Other amounts payable | 47/48 | €40,281 | €45,469 | +€5,188 | +12.9% |
| Accrued charges and deferred income | 492/3 | €2,722 | €2,722 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €106,755 | €57,908 | -€48,847 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,931 | €34,816 | -€114 | -0.3% |
| Other operating charges | 640/8 | €1,290 | €4,771 | +€3,480 | +270% |
| Non-recurring operating charges | 66A | €2,031 | €0 | -€2,031 | -100% |
| Gross operating margin | 9900 | €186,330 | €138,464 | -€47,867 | -25.7% |
| Operating profit (loss) | 9901 | €41,323 | €40,969 | -€354 | -0.9% |
| Financial income | 75/76B | €1,389 | €428 | -€962 | -69.2% |
| Recurring financial income | 75 | €1,389 | €428 | -€962 | -69.2% |
| Financial charges | 65/66B | €8,698 | €8,138 | -€560 | -6.4% |
| Recurring financial charges | 65 | €8,698 | €8,138 | -€560 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €34,015 | €33,259 | -€756 | -2.2% |
| Income taxes | 67/77 | €9,429 | €9,305 | -€124 | -1.3% |
| Profit (loss) for the period | 9904 | €24,586 | €23,954 | -€632 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,586 | €23,954 | -€632 | -2.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.