LESIA: 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.
LESIA
Largest movements
- Cash -€309,402
down €309,402 (-61.2%), from €505,943 to €196,541
mainly Other debts (-€337,679) and Contributions, distributions and other (-€300,164)
- Tangible fixed assets +€52,556
up €52,556 (+39.5%), from €133,007 to €185,563
of which Other tangible fixed assets: +€66,777
- Financial fixed assets +€20,000
up €20,000 (+8.4%), from €237,180 to €257,180
- Other debts -€337,679
down €337,679 (-61.4%), from €550,013 to €212,334
- Reserves +€211,570
up €211,570 (+2,857%), from €7,406 to €218,976
- Profit (loss) carried forward -€200,164
down €200,164 (-100%), from €200,164 to €0
- Debts after one year +€85,685
up €85,685 (+49.5%), from €172,927 to €258,612
- Short-term financial debts +€26,828
new in 2025: €26,828
- Gross operating margin -€238,666
down €238,666 (-32.2%), from €742,281 to €503,615
- Taxes -€41,120
down €41,120 (-22.5%), from €182,906 to €141,786
- Staff costs -€8,720
down €8,720 (-37.2%), from €23,429 to €14,709
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 | €1,024,231 | €794,591 | -€229,640 | -22.4% |
| Fixed assets | 21/28 | €370,187 | €442,743 | +€72,556 | +19.6% |
| Tangible fixed assets | 22/27 | €133,007 | €185,563 | +€52,556 | +39.5% |
| Plant, machinery and equipment | 23 | €12,554 | €10,910 | -€1,644 | -13.1% |
| Furniture and vehicles | 24 | €32,157 | €19,581 | -€12,576 | -39.1% |
| Other tangible fixed assets | 26 | €88,295 | €155,072 | +€66,777 | +75.6% |
| Financial fixed assets | 28 | €237,180 | €257,180 | +€20,000 | +8.4% |
| Current assets | 29/58 | €654,044 | €351,848 | -€302,196 | -46.2% |
| Amounts receivable within one year | 40/41 | €123,964 | €133,182 | +€9,218 | +7.4% |
| Trade receivables | 40 | €123,824 | €98,245 | -€25,579 | -20.7% |
| Other amounts receivable | 41 | €141 | €34,938 | +€34,797 | +24,767% |
| Cash at bank and in hand | 54/58 | €505,943 | €196,541 | -€309,402 | -61.2% |
| Deferred charges and accrued income | 490/1 | €24,136 | €22,125 | -€2,011 | -8.3% |
| Total equity and liabilities | 10/49 | €1,024,231 | €794,591 | -€229,640 | -22.4% |
| Equity | 10/15 | €226,170 | €237,576 | +€11,406 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,406 | €218,976 | +€211,570 | +2,857% |
| Distributable reserves | 133 | €7,406 | €218,976 | +€211,570 | +2,857% |
| Profit (loss) carried forward | 14 | €200,164 | €0 | -€200,164 | -100% |
| Amounts payable | 17/49 | €798,061 | €557,015 | -€241,046 | -30.2% |
| Amounts payable after more than one year | 17 | €172,927 | €258,612 | +€85,685 | +49.5% |
| Financial debts | 170/4 | €172,927 | €258,612 | +€85,685 | +49.5% |
| Amounts payable within one year | 42/48 | €617,844 | €290,512 | -€327,332 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €28,797 | €19,418 | -€9,379 | -32.6% |
| Financial debts | 43 | - | €26,828 | +€26,828 | |
| Other loans | 439 | - | €26,828 | +€26,828 | |
| Trade debts | 44 | €4,313 | €16,364 | +€12,051 | +279% |
| Suppliers | 440/4 | €4,313 | €16,364 | +€12,051 | +279% |
| Taxes, remuneration and social security | 45 | €34,720 | €15,567 | -€19,154 | -55.2% |
| Taxes | 450/3 | €31,261 | €14,677 | -€16,584 | -53.0% |
| Remuneration and social security | 454/9 | €3,459 | €890 | -€2,570 | -74.3% |
| Other amounts payable | 47/48 | €550,013 | €212,334 | -€337,679 | -61.4% |
| Accrued charges and deferred income | 492/3 | €7,290 | €7,891 | +€601 | +8.2% |
| Non-recurring operating income | 76A | - | €10,322 | +€10,322 | |
| Remuneration, social security and pensions | 62 | €23,429 | €14,709 | -€8,720 | -37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,183 | €30,278 | +€6,095 | +25.2% |
| Other operating charges | 640/8 | €2,144 | €1,179 | -€964 | -45.0% |
| Gross operating margin | 9900 | €742,281 | €503,615 | -€238,666 | -32.2% |
| Operating profit (loss) | 9901 | €692,525 | €457,448 | -€235,077 | -33.9% |
| Financial income | 75/76B | €2,592 | €5,657 | +€3,064 | +118% |
| Recurring financial income | 75 | €2,592 | €5,657 | +€3,064 | +118% |
| Financial charges | 65/66B | €9,094 | €9,750 | +€655 | +7.2% |
| Recurring financial charges | 65 | €9,094 | €9,750 | +€655 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €686,023 | €453,355 | -€232,668 | -33.9% |
| Income taxes | 67/77 | €182,906 | €141,786 | -€41,120 | -22.5% |
| Profit (loss) for the period | 9904 | €503,117 | €311,570 | -€191,547 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €503,117 | €311,570 | -€191,547 | -38.1% |
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 13 October 2026 via checked.be.