LESAGE TRANSLO: what changed
LESAGE TRANSLO
Largest movements
- Cash +€112,705
up €112,705 (+41.0%), from €274,645 to €387,350
mainly Depreciation (+€257,477) and Net result for the year (+€125,054)
- Receivables within one year -€110,730
down €110,730 (-28.2%), from €393,017 to €282,287
of which Trade receivables: -€99,263
- Reserves +€125,054
up €125,054 (+18.9%), from €662,282 to €787,337
- Current portion of long-term debt -€58,090
down €58,090 (-51.8%), from €112,127 to €54,038
- Debts after one year -€54,038
down €54,038 (-41.9%), from €129,038 to €75,000
- Tax, wage and social debts +€19,931
up €19,931 (+51.5%), from €38,706 to €58,638
of which Taxes: +€19,060
- Trade debts -€19,654
down €19,654 (-11.4%), from €173,123 to €153,470
- Gross operating margin +€108,874
up €108,874 (+16.7%), from €651,516 to €760,390
- Depreciation +€66,395
up €66,395 (+34.7%), from €191,082 to €257,477
- Staff costs -€49,235
down €49,235 (-13.7%), from €358,721 to €309,486
- Taxes +€34,226
up €34,226 (+141%), from €24,293 to €58,519
- Other operating charges +€7,774
up €7,774 (+3,238%), from €240 to €8,015
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,639,324 | €1,646,560 | +€7,237 | +0.4% |
| Fixed assets | 21/28 | €851,590 | €862,513 | +€10,923 | +1.3% |
| Tangible fixed assets | 22/27 | €851,590 | €862,513 | +€10,923 | +1.3% |
| Land and buildings | 22 | €293,529 | €272,298 | -€21,232 | -7.2% |
| Plant, machinery and equipment | 23 | €8,603 | €5,075 | -€3,528 | -41.0% |
| Furniture and vehicles | 24 | €549,458 | €585,140 | +€35,682 | +6.5% |
| Current assets | 29/58 | €787,734 | €784,048 | -€3,686 | -0.5% |
| Amounts receivable within one year | 40/41 | €393,017 | €282,287 | -€110,730 | -28.2% |
| Trade receivables | 40 | €352,429 | €253,165 | -€99,263 | -28.2% |
| Other amounts receivable | 41 | €40,588 | €29,121 | -€11,466 | -28.3% |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €274,645 | €387,350 | +€112,705 | +41.0% |
| Deferred charges and accrued income | 490/1 | €45,072 | €39,410 | -€5,661 | -12.6% |
| Total equity and liabilities | 10/49 | €1,639,324 | €1,646,560 | +€7,237 | +0.4% |
| Equity | 10/15 | €1,051,445 | €1,176,499 | +€125,054 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €662,282 | €787,337 | +€125,054 | +18.9% |
| Distributable reserves | 133 | €662,282 | €787,337 | +€125,054 | +18.9% |
| Profit (loss) carried forward | 14 | €370,563 | €370,563 | = | 0.0% |
| Amounts payable | 17/49 | €587,879 | €470,061 | -€117,818 | -20.0% |
| Amounts payable after more than one year | 17 | €129,038 | €75,000 | -€54,038 | -41.9% |
| Financial debts | 170/4 | €129,038 | €75,000 | -€54,038 | -41.9% |
| Amounts payable within one year | 42/48 | €458,805 | €395,061 | -€63,744 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €112,127 | €54,038 | -€58,090 | -51.8% |
| Trade debts | 44 | €173,123 | €153,470 | -€19,654 | -11.4% |
| Suppliers | 440/4 | €173,123 | €153,470 | -€19,654 | -11.4% |
| Taxes, remuneration and social security | 45 | €38,706 | €58,638 | +€19,931 | +51.5% |
| Taxes | 450/3 | €32,632 | €51,693 | +€19,060 | +58.4% |
| Remuneration and social security | 454/9 | €6,074 | €6,945 | +€871 | +14.3% |
| Other amounts payable | 47/48 | €134,848 | €128,916 | -€5,932 | -4.4% |
| Accrued charges and deferred income | 492/3 | €36 | €0 | -€36 | -100% |
| Non-recurring operating income | 76A | - | €177,500 | +€177,500 | |
| Remuneration, social security and pensions | 62 | €358,721 | €309,486 | -€49,235 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,082 | €257,477 | +€66,395 | +34.7% |
| Other operating charges | 640/8 | €240 | €8,015 | +€7,774 | +3,238% |
| Gross operating margin | 9900 | €651,516 | €760,390 | +€108,874 | +16.7% |
| Operating profit (loss) | 9901 | €101,473 | €185,413 | +€83,939 | +82.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -85.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -85.3% |
| Financial charges | 65/66B | €3,086 | €1,840 | -€1,246 | -40.4% |
| Recurring financial charges | 65 | €3,086 | €1,840 | -€1,246 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €98,389 | €183,573 | +€85,185 | +86.6% |
| Income taxes | 67/77 | €24,293 | €58,519 | +€34,226 | +141% |
| Profit (loss) for the period | 9904 | €74,096 | €125,054 | +€50,959 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,096 | €125,054 | +€50,959 | +68.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.