LESGAU: 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.
LESGAU
Largest movements
- Tangible fixed assets -€85,036
down €85,036 (-9.5%), from €890,993 to €805,957
of which Land and buildings: -€83,707
- Receivables within one year -€48,198
down €48,198 (-31.4%), from €153,703 to €105,505
of which Trade receivables: -€50,762
- Trade debts -€52,473
down €52,473 (-88.3%), from €59,401 to €6,929
- Debts after one year -€48,844
down €48,844 (-6.4%), from €757,374 to €708,530
- Other debts -€40,407
down €40,407 (-23.7%), from €170,432 to €130,025
- Profit (loss) carried forward +€30,232
up €30,232 (+3.8%), from €793,045 to €823,277
- Gross operating margin +€40,686
up €40,686 (+33.9%), from €119,933 to €160,619
- Taxes +€13,283
up €13,283 (+6684.1%), from €199 to €13,481
- Depreciation +€11,083
up €11,083 (+13.0%), from €85,542 to €96,625
- Other operating charges -€6,939
down €6,939 (-50.1%), from €13,853 to €6,914
- Financial charges -€3,704
down €3,704 (-16.7%), from €22,125 to €18,421
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 | €1,970,401 | €1,846,350 | -€124,052 | -6.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,805,993 | €1,720,957 | -€85,036 | -4.7% |
| Tangible fixed assets | 22/27 | €890,993 | €805,957 | -€85,036 | -9.5% |
| Land and buildings | 22 | €888,884 | €805,176 | -€83,707 | -9.4% |
| Furniture and vehicles | 24 | €2,110 | €781 | -€1,329 | -63.0% |
| Financial fixed assets | 28 | €915,000 | €915,000 | = | 0.0% |
| Current assets | 29/58 | €164,408 | €125,393 | -€39,016 | -23.7% |
| Amounts receivable within one year | 40/41 | €153,703 | €105,505 | -€48,198 | -31.4% |
| Trade receivables | 40 | €70,762 | €20,000 | -€50,762 | -71.7% |
| Other amounts receivable | 41 | €82,942 | €85,505 | +€2,564 | +3.1% |
| Cash at bank and in hand | 54/58 | €6,783 | €15,983 | +€9,200 | +135.6% |
| Deferred charges and accrued income | 490/1 | €3,922 | €3,904 | -€18 | -0.5% |
| Total equity and liabilities | 10/49 | €1,970,401 | €1,846,350 | -€124,052 | -6.3% |
| Equity | 10/15 | €903,045 | €933,277 | +€30,232 | +3.3% |
| Reserves | 13 | €110,000 | €110,000 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €793,045 | €823,277 | +€30,232 | +3.8% |
| Amounts payable | 17/49 | €1,067,356 | €913,073 | -€154,283 | -14.5% |
| Amounts payable after more than one year | 17 | €757,374 | €708,530 | -€48,844 | -6.4% |
| Financial debts | 170/4 | €757,374 | €708,530 | -€48,844 | -6.4% |
| Amounts payable within one year | 42/48 | €308,994 | €203,612 | -€105,382 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €58,767 | €52,765 | -€6,002 | -10.2% |
| Trade debts | 44 | €59,401 | €6,929 | -€52,473 | -88.3% |
| Suppliers | 440/4 | €59,401 | €6,929 | -€52,473 | -88.3% |
| Taxes, remuneration and social security | 45 | €20,394 | €13,894 | -€6,500 | -31.9% |
| Taxes | 450/3 | €20,394 | €13,894 | -€6,500 | -31.9% |
| Other amounts payable | 47/48 | €170,432 | €130,025 | -€40,407 | -23.7% |
| Accrued charges and deferred income | 492/3 | €988 | €931 | -€57 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,542 | €96,625 | +€11,083 | +13.0% |
| Other operating charges | 640/8 | €13,853 | €6,914 | -€6,939 | -50.1% |
| Gross operating margin | 9900 | €119,933 | €160,619 | +€40,686 | +33.9% |
| Operating profit (loss) | 9901 | €20,538 | €57,080 | +€36,543 | +177.9% |
| Financial income | 75/76B | €2,518 | €5,054 | +€2,536 | +100.7% |
| Recurring financial income | 75 | €2,518 | €5,054 | +€2,536 | +100.7% |
| Financial charges | 65/66B | €22,125 | €18,421 | -€3,704 | -16.7% |
| Recurring financial charges | 65 | €22,125 | €18,421 | -€3,704 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €931 | €43,713 | +€42,782 | +4596.4% |
| Income taxes | 67/77 | €199 | €13,481 | +€13,283 | +6684.1% |
| Profit (loss) for the period | 9904 | €732 | €30,232 | +€29,500 | +4029.7% |
| Profit (loss) for the period to be appropriated | 9905 | €732 | €30,232 | +€29,500 | +4029.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.