LESCO: what changed
Two fiscal 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.
LESCO
Largest movements
- Receivables after one year -€358,809
down €358,809 (-10.0%), from €3.6m to €3.2m
- Cash -€289,898
down €289,898 (-83.4%), from €347,694 to €57,796
mainly Contributions, distributions and other (-€2.0m) and Tax, wage and social debts (-€44,730)
- Profit (loss) carried forward -€1.6m
down €1.6m (-51.6%), from €3.0m to €1.5m
- Other debts +€1.3m
up €1.3m (+179.8%), from €715,248 to €2.0m
- Reserves -€338,300
down €338,300 (-31.8%), from €1.1m to €725,400
of which Distributable reserves: -€338,300
- Financial income -€42,259
down €42,259 (-20.5%), from €205,671 to €163,412
- Gross operating margin +€18,200
up €18,200 (+77.2%), from -€23,583 to -€5,382
- Taxes -€8,618
down €8,618 (-14.9%), from €58,016 to €49,398
- Financial charges -€254
down €254 (-6.0%), from €4,229 to €3,975
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 | €5,263,939 | €4,657,453 | -€606,486 | -11.5% |
| Fixed assets | 21/28 | €1,071,749 | €1,071,749 | = | 0.0% |
| Tangible fixed assets | 22/27 | €21,749 | €21,749 | = | 0.0% |
| Land and buildings | 22 | €21,749 | €21,749 | = | 0.0% |
| Financial fixed assets | 28 | €1,050,000 | €1,050,000 | = | 0.0% |
| Current assets | 29/58 | €4,192,189 | €3,585,704 | -€606,486 | -14.5% |
| Amounts receivable after more than one year | 29 | €3,575,666 | €3,216,857 | -€358,809 | -10.0% |
| Other amounts receivable | 291 | €3,575,666 | €3,216,857 | -€358,809 | -10.0% |
| Amounts receivable within one year | 40/41 | €147,638 | €170,918 | +€23,280 | +15.8% |
| Trade receivables | 40 | €147,638 | €170,918 | +€23,280 | +15.8% |
| Cash at bank and in hand | 54/58 | €347,694 | €57,796 | -€289,898 | -83.4% |
| Deferred charges and accrued income | 490/1 | €121,191 | €140,132 | +€18,941 | +15.6% |
| Total equity and liabilities | 10/49 | €5,263,939 | €4,657,453 | -€606,486 | -11.5% |
| Equity | 10/15 | €4,471,531 | €2,574,751 | -€1.9m | -42.4% |
| Contributions | 10/11 | €387,000 | €387,000 | = | 0.0% |
| Capital | 10 | €387,000 | €387,000 | = | 0.0% |
| Issued capital | 100 | €387,000 | €387,000 | = | 0.0% |
| Reserves | 13 | €1,063,700 | €725,400 | -€338,300 | -31.8% |
| Non-distributable reserves | 130/1 | €38,700 | €38,700 | = | 0.0% |
| Legal reserve | 130 | €38,700 | €38,700 | = | 0.0% |
| Distributable reserves | 133 | €1,025,000 | €686,700 | -€338,300 | -33.0% |
| Profit (loss) carried forward | 14 | €3,020,831 | €1,462,351 | -€1.6m | -51.6% |
| Amounts payable | 17/49 | €792,408 | €2,082,702 | +€1.3m | +162.8% |
| Amounts payable after more than one year | 17 | €1,084 | - | -€1,084 | |
| Other amounts payable | 178/9 | €1,084 | - | -€1,084 | |
| Amounts payable within one year | 42/48 | €791,324 | €2,082,702 | +€1.3m | +163.2% |
| Trade debts | 44 | €18,076 | €68,100 | +€50,024 | +276.7% |
| Suppliers | 440/4 | €18,076 | €68,100 | +€50,024 | +276.7% |
| Taxes, remuneration and social security | 45 | €58,000 | €13,270 | -€44,730 | -77.1% |
| Taxes | 450/3 | €58,000 | €13,270 | -€44,730 | -77.1% |
| Other amounts payable | 47/48 | €715,248 | €2,001,332 | +€1.3m | +179.8% |
| Other operating charges | 640/8 | €1,243 | €1,438 | +€195 | +15.7% |
| Gross operating margin | 9900 | -€23,583 | -€5,382 | +€18,200 | +77.2% |
| Operating profit (loss) | 9901 | -€24,826 | -€6,820 | +€18,006 | +72.5% |
| Financial income | 75/76B | €205,671 | €163,412 | -€42,259 | -20.5% |
| Recurring financial income | 75 | €205,671 | €163,412 | -€42,259 | -20.5% |
| Financial charges | 65/66B | €4,229 | €3,975 | -€254 | -6.0% |
| Recurring financial charges | 65 | €4,229 | €3,975 | -€254 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €176,616 | €152,618 | -€23,999 | -13.6% |
| Income taxes | 67/77 | €58,016 | €49,398 | -€8,618 | -14.9% |
| Profit (loss) for the period | 9904 | €118,601 | €103,220 | -€15,381 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,601 | €103,220 | -€15,381 | -13.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.