Lesco Vastgoed: 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.
Lesco Vastgoed
Largest movements
- Tangible fixed assets -€31,850
down €31,850 (-3.1%), from €1.0m to €988,942
- Debts after one year -€87,289
down €87,289 (-15.6%), from €557,766 to €470,477
- Other debts +€42,524
up €42,524 (+27.2%), from €156,129 to €198,653
- Reserves +€21,000
up €21,000 (+10.7%), from €196,860 to €217,860
of which Distributable reserves: +€21,000
- Taxes +€6,417
up €6,417 (+585%), from €1,098 to €7,514
- Financial charges -€2,949
down €2,949 (-12.0%), from €24,606 to €21,657
of which Financial charges: -€2,827
- Gross operating margin +€2,785
up €2,785 (+3.3%), from €83,482 to €86,267
- Other operating charges -€1,335
down €1,335 (-20.1%), from €6,642 to €5,307
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 | €1,026,184 | €1,001,355 | -€24,829 | -2.4% |
| Fixed assets | 21/28 | €1,025,017 | €993,167 | -€31,850 | -3.1% |
| Tangible fixed assets | 22/27 | €1,020,792 | €988,942 | -€31,850 | -3.1% |
| Land and buildings | 22 | €1,020,792 | €988,942 | -€31,850 | -3.1% |
| Financial fixed assets | 28 | €4,225 | €4,225 | = | 0.0% |
| Current assets | 29/58 | €1,167 | €8,188 | +€7,021 | +602% |
| Cash at bank and in hand | 54/58 | €1,167 | €8,188 | +€7,021 | +602% |
| Total equity and liabilities | 10/49 | €1,026,184 | €1,001,355 | -€24,829 | -2.4% |
| Equity | 10/15 | €217,447 | €237,441 | +€19,994 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €196,860 | €217,860 | +€21,000 | +10.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €195,000 | €216,000 | +€21,000 | +10.8% |
| Profit (loss) carried forward | 14 | €1,987 | €981 | -€1,006 | -50.6% |
| Amounts payable | 17/49 | €808,738 | €763,914 | -€44,823 | -5.5% |
| Amounts payable after more than one year | 17 | €557,766 | €470,477 | -€87,289 | -15.6% |
| Financial debts | 170/4 | €557,766 | €470,477 | -€87,289 | -15.6% |
| Amounts payable within one year | 42/48 | €246,166 | €293,438 | +€47,272 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €84,378 | €87,289 | +€2,911 | +3.4% |
| Trade debts | 44 | €219 | - | -€219 | |
| Suppliers | 440/4 | €219 | - | -€219 | |
| Taxes, remuneration and social security | 45 | €5,440 | €7,496 | +€2,056 | +37.8% |
| Taxes | 450/3 | €5,440 | €7,496 | +€2,056 | +37.8% |
| Other amounts payable | 47/48 | €156,129 | €198,653 | +€42,524 | +27.2% |
| Accrued charges and deferred income | 492/3 | €4,806 | - | -€4,806 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,850 | €31,850 | = | 0.0% |
| Other operating charges | 640/8 | €6,642 | €5,307 | -€1,335 | -20.1% |
| Gross operating margin | 9900 | €83,482 | €86,267 | +€2,785 | +3.3% |
| Operating profit (loss) | 9901 | €44,990 | €49,110 | +€4,119 | +9.2% |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €24,606 | €21,657 | -€2,949 | -12.0% |
| Recurring financial charges | 65 | €24,485 | €21,657 | -€2,827 | -11.5% |
| Non-recurring financial charges | 66B | €121 | - | -€121 | |
| Profit (loss) for the period before taxes | 9903 | €20,384 | €27,509 | +€7,124 | +34.9% |
| Income taxes | 67/77 | €1,098 | €7,514 | +€6,417 | +585% |
| Profit (loss) for the period | 9904 | €19,287 | €19,994 | +€708 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,287 | €19,994 | +€708 | +3.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.