LESER GROUP: 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.
LESER GROUP
Largest movements
- Receivables within one year +€46,600
up €46,600 (+35.5%), from €131,407 to €178,007
of which Trade receivables: +€50,000
- Tangible fixed assets -€31,131
down €31,131 (-3.5%), from €894,590 to €863,458
of which Land and buildings: -€26,669
- Profit (loss) carried forward +€70,795
up €70,795 (+24.6%), from €287,519 to €358,315
- Debts after one year -€49,857
down €49,857 (-7.6%), from €659,921 to €610,064
- Accrued charges and deferred income +€15,459
up €15,459 (+1,642%), from €942 to €16,401
- Depreciation +€3,045
up €3,045 (+8.3%), from €36,781 to €39,826
- Gross operating margin -€1,734
down €1,734 (-1.1%), from €154,764 to €153,030
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 | €1,040,499 | €1,058,159 | +€17,661 | +1.7% |
| Fixed assets | 21/28 | €894,590 | €863,458 | -€31,131 | -3.5% |
| Tangible fixed assets | 22/27 | €894,590 | €863,458 | -€31,131 | -3.5% |
| Land and buildings | 22 | €807,544 | €780,876 | -€26,669 | -3.3% |
| Plant, machinery and equipment | 23 | €7,964 | €5,973 | -€1,991 | -25.0% |
| Furniture and vehicles | 24 | €3,368 | €2,128 | -€1,240 | -36.8% |
| Other tangible fixed assets | 26 | €75,713 | €74,482 | -€1,232 | -1.6% |
| Current assets | 29/58 | €145,909 | €194,701 | +€48,792 | +33.4% |
| Amounts receivable within one year | 40/41 | €131,407 | €178,007 | +€46,600 | +35.5% |
| Trade receivables | 40 | €127,056 | €177,056 | +€50,000 | +39.4% |
| Other amounts receivable | 41 | €4,351 | €951 | -€3,400 | -78.1% |
| Cash at bank and in hand | 54/58 | - | €429 | +€429 | |
| Deferred charges and accrued income | 490/1 | €14,502 | €16,265 | +€1,763 | +12.2% |
| Total equity and liabilities | 10/49 | €1,040,499 | €1,058,159 | +€17,661 | +1.7% |
| Equity | 10/15 | €306,119 | €376,915 | +€70,795 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,519 | €358,315 | +€70,795 | +24.6% |
| Amounts payable | 17/49 | €734,379 | €681,245 | -€53,135 | -7.2% |
| Amounts payable after more than one year | 17 | €659,921 | €610,064 | -€49,857 | -7.6% |
| Financial debts | 170/4 | €659,921 | €610,064 | -€49,857 | -7.6% |
| Amounts payable within one year | 42/48 | €73,517 | €54,780 | -€18,737 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €48,913 | €49,857 | +€944 | +1.9% |
| Financial debts | 43 | €2,878 | - | -€2,878 | |
| Credit institutions | 430/8 | €2,878 | - | -€2,878 | |
| Trade debts | 44 | €9,927 | €262 | -€9,664 | -97.4% |
| Suppliers | 440/4 | €9,927 | €262 | -€9,664 | -97.4% |
| Taxes, remuneration and social security | 45 | €11,799 | €4,661 | -€7,138 | -60.5% |
| Taxes | 450/3 | €11,799 | €4,661 | -€7,138 | -60.5% |
| Accrued charges and deferred income | 492/3 | €942 | €16,401 | +€15,459 | +1,642% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,781 | €39,826 | +€3,045 | +8.3% |
| Other operating charges | 640/8 | €7,216 | €7,791 | +€575 | +8.0% |
| Gross operating margin | 9900 | €154,764 | €153,030 | -€1,734 | -1.1% |
| Operating profit (loss) | 9901 | €110,767 | €105,413 | -€5,354 | -4.8% |
| Financial income | 75/76B | - | €202 | +€202 | |
| Recurring financial income | 75 | - | €202 | +€202 | |
| Financial charges | 65/66B | €18,072 | €16,861 | -€1,211 | -6.7% |
| Recurring financial charges | 65 | €18,072 | €16,861 | -€1,211 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €92,695 | €88,754 | -€3,941 | -4.3% |
| Income taxes | 67/77 | €18,068 | €17,958 | -€110 | -0.6% |
| Profit (loss) for the period | 9904 | €74,627 | €70,795 | -€3,831 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,627 | €70,795 | -€3,831 | -5.1% |
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 13 October 2026 via checked.be.