LESIMO: what changed
Two fiscal 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.
What changed
LESIMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€91,160
2024 · €467,060-€375,900
Equity
€1.2m
2024 · €1.1m+€102,790
Cash
€48,742
2024 · €54,838-€6,095
Balance sheet total
€5.4m
2024 · €5.5m-€99,128
Largest movements
Assets
- Tangible fixed assets -€649,130
down €649,130 (-12.8%), from €5.1m to €4.4m
of which Land and buildings: -€662,161
- Receivables within one year +€602,613
up €602,613 (+167.0%), from €360,836 to €963,449
of which Other amounts receivable: +€598,797
Equity and liabilities
- Debts after one year -€189,877
down €189,877 (-4.9%), from €3.9m to €3.7m
- Profit (loss) carried forward +€146,666
up €146,666 (+2283.3%), from €6,424 to €153,089
- Reserves -€55,506
down €55,506 (-6.2%), from €899,363 to €843,857
of which Tax-exempt reserves: -€55,506
Income statement
- Gross operating margin -€656,879
down €656,879 (-60.3%), from €1.1m to €431,598
- Financial charges -€82,673
down €82,673 (-39.2%), from €210,801 to €128,128
- Taxes +€28,179
new in 2025: €28,179
- Financial income +€27,204
up €27,204 (+351.4%), from €7,742 to €34,946
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.
Result 2024
€467,060
Gross operating margin
-€656,879
Depreciation
+€8,611
Other operating charges
+€8,760
Financial income
+€27,204
Financial charges
+€82,673
Taxes
-€28,179
Deferred taxes and other
+€181,910
Result 2025
€91,160
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.
From operations
-€283,851
Investment
+€447,524
Financing
-€169,768
Cash 2024
€54,838
From operations (derived)
-€283,851
Net result for the year
+€91,160
Depreciation
+€201,606
Receivables within one year
-€602,613
Deferred charges and accrued income
+€46,516
Provisions
-€18,502
Trade debts
+€817
Tax, wage and social debts
+€13,679
Advances received
-€3,365
Other debts
-€9,667
Accrued charges and deferred income
-€3,482
Investment (derived)
+€447,524
Investment in fixed assets (net)
+€447,524
Financing
-€169,768
Debts after one year
-€189,877
Current portion of long-term debt
+€8,479
Contributions, distributions and other
+€11,630
Cash 2025
€48,742
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,542,461 | €5,443,333 | -€99,128 | -1.8% |
| Fixed assets | 21/28 | €5,056,439 | €4,407,310 | -€649,130 | -12.8% |
| Tangible fixed assets | 22/27 | €5,056,439 | €4,407,310 | -€649,130 | -12.8% |
| Land and buildings | 22 | €5,051,604 | €4,389,443 | -€662,161 | -13.1% |
| Furniture and vehicles | 24 | €4,835 | €595 | -€4,240 | -87.7% |
| Other tangible fixed assets | 26 | - | €17,271 | +€17,271 | |
| Current assets | 29/58 | €486,022 | €1,036,023 | +€550,002 | +113.2% |
| Amounts receivable within one year | 40/41 | €360,836 | €963,449 | +€602,613 | +167.0% |
| Trade receivables | 40 | €5,904 | €9,720 | +€3,816 | +64.6% |
| Other amounts receivable | 41 | €354,932 | €953,729 | +€598,797 | +168.7% |
| Cash at bank and in hand | 54/58 | €54,838 | €48,742 | -€6,095 | -11.1% |
| Deferred charges and accrued income | 490/1 | €70,348 | €23,832 | -€46,516 | -66.1% |
| Total equity and liabilities | 10/49 | €5,542,461 | €5,443,333 | -€99,128 | -1.8% |
| Equity | 10/15 | €1,060,720 | €1,163,510 | +€102,790 | +9.7% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | €154,933 | €154,933 | = | 0.0% |
| Issued capital | 100 | €154,933 | €154,933 | = | 0.0% |
| Reserves | 13 | €899,363 | €843,857 | -€55,506 | -6.2% |
| Non-distributable reserves | 130/1 | €15,493 | €15,493 | = | 0.0% |
| Legal reserve | 130 | €15,493 | €15,493 | = | 0.0% |
| Tax-exempt reserves | 132 | €828,870 | €773,364 | -€55,506 | -6.7% |
| Distributable reserves | 133 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,424 | €153,089 | +€146,666 | +2283.3% |
| Investment grants | 15 | - | €11,630 | +€11,630 | |
| Provisions and deferred taxes | 16 | €276,290 | €257,788 | -€18,502 | -6.7% |
| Deferred taxes | 168 | €276,290 | €257,788 | -€18,502 | -6.7% |
| Amounts payable | 17/49 | €4,205,451 | €4,022,035 | -€183,416 | -4.4% |
| Amounts payable after more than one year | 17 | €3,887,401 | €3,697,524 | -€189,877 | -4.9% |
| Financial debts | 170/4 | €3,887,401 | €3,697,524 | -€189,877 | -4.9% |
| Amounts payable within one year | 42/48 | €306,236 | €316,179 | +€9,943 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €262,855 | €271,334 | +€8,479 | +3.2% |
| Trade debts | 44 | €5,105 | €5,922 | +€817 | +16.0% |
| Suppliers | 440/4 | €5,105 | €5,922 | +€817 | +16.0% |
| Advances received on contracts in progress | 46 | €8,010 | €4,645 | -€3,365 | -42.0% |
| Taxes, remuneration and social security | 45 | - | €13,679 | +€13,679 | |
| Taxes | 450/3 | - | €13,679 | +€13,679 | |
| Other amounts payable | 47/48 | €30,266 | €20,598 | -€9,667 | -31.9% |
| Accrued charges and deferred income | 492/3 | €11,815 | €8,332 | -€3,482 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,217 | €201,606 | -€8,611 | -4.1% |
| Other operating charges | 640/8 | €44,733 | €35,973 | -€8,760 | -19.6% |
| Gross operating margin | 9900 | €1,088,477 | €431,598 | -€656,879 | -60.3% |
| Operating profit (loss) | 9901 | €833,527 | €194,019 | -€639,508 | -76.7% |
| Financial income | 75/76B | €7,742 | €34,946 | +€27,204 | +351.4% |
| Recurring financial income | 75 | €7,742 | €34,946 | +€27,204 | +351.4% |
| Financial charges | 65/66B | €210,801 | €128,128 | -€82,673 | -39.2% |
| Recurring financial charges | 65 | €210,801 | €128,128 | -€82,673 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €630,468 | €100,837 | -€529,631 | -84.0% |
| Transfer from deferred taxes | 780 | €4,275 | €18,502 | +€14,227 | +332.8% |
| Transfer to deferred taxes | 680 | €167,682 | - | -€167,682 | |
| Income taxes | 67/77 | - | €28,179 | +€28,179 | |
| Profit (loss) for the period | 9904 | €467,060 | €91,160 | -€375,900 | -80.5% |
| Transfer from tax-exempt reserves | 789 | €12,824 | €55,506 | +€42,682 | +332.8% |
| Transfer to tax-exempt reserves | 689 | €503,047 | - | -€503,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,163 | €146,666 | +€169,829 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.