Lesico Process Piping: 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.
Lesico Process Piping
Largest movements
- Stocks and contracts +€496,155
up €496,155 (+182%), from €272,650 to €768,805
of which Stocks: +€486,182
- Receivables within one year -€332,294
down €332,294 (-20.1%), from €1.7m to €1.3m
of which Other amounts receivable: -€349,444
- Cash +€133,682
up €133,682 (+58.3%), from €229,454 to €363,137
mainly Contributions, distributions and other (+€1.8m) and Other debts (+€765,301)
- Trade debts -€2.5m
down €2.5m (-78.7%), from €3.2m to €686,338
- Contributions +€1.8m
up €1.8m (+1,183%), from €150,100 to €1.9m
- Other debts +€765,301
up €765,301 (+167%), from €459,000 to €1.2m
- Tax, wage and social debts +€136,070
up €136,070 (+673%), from €20,228 to €156,297
of which Taxes: +€100,510
- Profit (loss) carried forward +€110,585
up €110,585 (+6.9%), from -€1.6m to -€1.5m
- Gross operating margin +€2.3m
up €2.3m, from -€1.5m to €836,351
- Staff costs +€500,188
up €500,188 (+320%), from €156,284 to €656,471
- Financial charges +€46,319
up €46,319 (+8,603%), from €538 to €46,857
- Depreciation +€26,526
new in 2025: €26,526
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 | €2,261,257 | €2,544,744 | +€283,487 | +12.5% |
| Fixed assets | 21/28 | €102,303 | €90,798 | -€11,506 | -11.2% |
| Tangible fixed assets | 22/27 | €102,303 | €82,798 | -€19,506 | -19.1% |
| Plant, machinery and equipment | 23 | €99,478 | €81,385 | -€18,093 | -18.2% |
| Furniture and vehicles | 24 | €2,825 | €1,413 | -€1,413 | -50.0% |
| Financial fixed assets | 28 | - | €8,000 | +€8,000 | |
| Current assets | 29/58 | €2,158,954 | €2,453,946 | +€294,992 | +13.7% |
| Stocks and contracts in progress | 3 | €272,650 | €768,805 | +€496,155 | +182% |
| Stocks | 30/36 | - | €486,182 | +€486,182 | |
| Contracts in progress | 37 | €272,650 | €282,623 | +€9,973 | +3.7% |
| Amounts receivable within one year | 40/41 | €1,654,299 | €1,322,005 | -€332,294 | -20.1% |
| Trade receivables | 40 | €663,467 | €680,617 | +€17,150 | +2.6% |
| Other amounts receivable | 41 | €990,832 | €641,388 | -€349,444 | -35.3% |
| Cash at bank and in hand | 54/58 | €229,454 | €363,137 | +€133,682 | +58.3% |
| Deferred charges and accrued income | 490/1 | €2,550 | €0 | -€2,550 | -100% |
| Total equity and liabilities | 10/49 | €2,261,257 | €2,544,744 | +€283,487 | +12.5% |
| Equity | 10/15 | -€1,460,000 | €425,585 | +€1.9m | |
| Contributions | 10/11 | €150,100 | €1,925,100 | +€1.8m | +1,183% |
| Profit (loss) carried forward | 14 | -€1,610,100 | -€1,499,515 | +€110,585 | +6.9% |
| Amounts payable | 17/49 | €3,721,257 | €2,119,159 | -€1.6m | -43.1% |
| Amounts payable within one year | 42/48 | €3,706,014 | €2,066,937 | -€1.6m | -44.2% |
| Trade debts | 44 | €3,226,786 | €686,338 | -€2.5m | -78.7% |
| Suppliers | 440/4 | €3,226,786 | €686,338 | -€2.5m | -78.7% |
| Taxes, remuneration and social security | 45 | €20,228 | €156,297 | +€136,070 | +673% |
| Taxes | 450/3 | €190 | €100,700 | +€100,510 | +52,945% |
| Remuneration and social security | 454/9 | €20,038 | €55,598 | +€35,560 | +177% |
| Other amounts payable | 47/48 | €459,000 | €1,224,301 | +€765,301 | +167% |
| Accrued charges and deferred income | 492/3 | €15,243 | €52,222 | +€36,979 | +243% |
| Remuneration, social security and pensions | 62 | €156,284 | €656,471 | +€500,188 | +320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €26,526 | +€26,526 | |
| Other operating charges | 640/8 | - | €664 | +€664 | |
| Gross operating margin | 9900 | -€1,453,277 | €836,351 | +€2.3m | |
| Operating profit (loss) | 9901 | -€1,609,561 | €152,690 | +€1.8m | |
| Financial income | 75/76B | - | €4,752 | +€4,752 | |
| Recurring financial income | 75 | - | €4,752 | +€4,752 | |
| Financial charges | 65/66B | €538 | €46,857 | +€46,319 | +8,603% |
| Recurring financial charges | 65 | €538 | €46,857 | +€46,319 | +8,603% |
| Profit (loss) for the period before taxes | 9903 | -€1,610,100 | €110,585 | +€1.7m | |
| Profit (loss) for the period | 9904 | -€1,610,100 | €110,585 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,610,100 | €110,585 | +€1.7m |
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 20 October 2026 via checked.be.