LESCH FINANCE: 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.
LESCH FINANCE
Largest movements
- Intangible fixed assets -€63,500
down €63,500 (-13.8%), from €459,984 to €396,484
- Receivables within one year -€21,794
down €21,794 (-100%), from €21,794 to €0
of which Other amounts receivable: -€20,000
- Cash +€15,385
up €15,385 (+35.8%), from €43,031 to €58,416
mainly Other debts (+€85,810) and Depreciation (+€76,123)
- Tangible fixed assets -€12,623
down €12,623 (-49.8%), from €25,332 to €12,709
of which Furniture and vehicles: -€6,717
- Debts after one year -€100,821
down €100,821 (-33.5%), from €301,008 to €200,188
- Other debts +€85,810
up €85,810 (+795%), from €10,792 to €96,601
- Reserves -€62,398
down €62,398 (-46.3%), from €134,876 to €72,478
- Gross operating margin -€47,425
down €47,425 (-10.3%), from €459,794 to €412,369
- Depreciation -€13,138
down €13,138 (-14.7%), from €89,261 to €76,123
- Taxes -€6,760
down €6,760 (-24.2%), from €27,882 to €21,122
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 | €622,163 | €539,621 | -€82,542 | -13.3% |
| Fixed assets | 21/28 | €488,859 | €412,736 | -€76,123 | -15.6% |
| Intangible fixed assets | 21 | €459,984 | €396,484 | -€63,500 | -13.8% |
| Tangible fixed assets | 22/27 | €25,332 | €12,709 | -€12,623 | -49.8% |
| Furniture and vehicles | 24 | €9,623 | €2,906 | -€6,717 | -69.8% |
| Other tangible fixed assets | 26 | €15,708 | €9,803 | -€5,905 | -37.6% |
| Financial fixed assets | 28 | €3,544 | €3,544 | = | 0.0% |
| Current assets | 29/58 | €133,304 | €126,885 | -€6,419 | -4.8% |
| Amounts receivable within one year | 40/41 | €21,794 | €0 | -€21,794 | -100% |
| Trade receivables | 40 | €1,794 | €0 | -€1,794 | -100% |
| Other amounts receivable | 41 | €20,000 | €0 | -€20,000 | -100% |
| Cash at bank and in hand | 54/58 | €43,031 | €58,416 | +€15,385 | +35.8% |
| Deferred charges and accrued income | 490/1 | €68,479 | €68,469 | -€10 | 0.0% |
| Total equity and liabilities | 10/49 | €622,163 | €539,621 | -€82,542 | -13.3% |
| Equity | 10/15 | €164,876 | €102,478 | -€62,398 | -37.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €134,876 | €72,478 | -€62,398 | -46.3% |
| Distributable reserves | 133 | €134,876 | €72,478 | -€62,398 | -46.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €457,287 | €437,143 | -€20,144 | -4.4% |
| Amounts payable after more than one year | 17 | €301,008 | €200,188 | -€100,821 | -33.5% |
| Financial debts | 170/4 | €301,008 | €200,188 | -€100,821 | -33.5% |
| Amounts payable within one year | 42/48 | €156,244 | €236,920 | +€80,676 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €102,523 | €100,821 | -€1,702 | -1.7% |
| Financial debts | 43 | €3,382 | €6,745 | +€3,363 | +99.4% |
| Credit institutions | 430/8 | €3,382 | €6,745 | +€3,363 | +99.4% |
| Trade debts | 44 | €6,756 | €2,851 | -€3,904 | -57.8% |
| Suppliers | 440/4 | €6,756 | €2,851 | -€3,904 | -57.8% |
| Taxes, remuneration and social security | 45 | €32,791 | €29,902 | -€2,890 | -8.8% |
| Taxes | 450/3 | €7,882 | €1,122 | -€6,760 | -85.8% |
| Remuneration and social security | 454/9 | €24,909 | €28,780 | +€3,871 | +15.5% |
| Other amounts payable | 47/48 | €10,792 | €96,601 | +€85,810 | +795% |
| Accrued charges and deferred income | 492/3 | €35 | €35 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €264,157 | €260,331 | -€3,827 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,261 | €76,123 | -€13,138 | -14.7% |
| Other operating charges | 640/8 | €3,630 | €3,763 | +€133 | +3.7% |
| Non-recurring operating charges | 66A | €411 | €0 | -€411 | -100% |
| Gross operating margin | 9900 | €459,794 | €412,369 | -€47,425 | -10.3% |
| Operating profit (loss) | 9901 | €102,335 | €72,152 | -€30,182 | -29.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €5,007 | €4,428 | -€578 | -11.6% |
| Recurring financial charges | 65 | €5,007 | €4,428 | -€578 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €97,328 | €67,724 | -€29,604 | -30.4% |
| Income taxes | 67/77 | €27,882 | €21,122 | -€6,760 | -24.2% |
| Profit (loss) for the period | 9904 | €69,446 | €46,602 | -€22,844 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,446 | €46,602 | -€22,844 | -32.9% |
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 15 October 2026 via checked.be.