LESMACO: 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.
LESMACO
Largest movements
- Cash -€12,399
down €12,399 (-64.0%), from €19,383 to €6,983
mainly Debts after one year (-€13,254) and Trade debts (-€10,077)
- Stocks and contracts +€7,110
new in 2025: €7,110
- Receivables within one year +€5,773
up €5,773 (+15.3%), from €37,759 to €43,533
- Tangible fixed assets -€4,200
down €4,200 (-37.2%), from €11,282 to €7,082
of which Land and buildings: -€3,273
- Profit (loss) carried forward +€32,255
up €32,255 (+50.2%), from -€64,251 to -€31,996
- Debts after one year -€13,254
no longer reported in 2025 (was €13,254)
- Trade debts -€10,077
down €10,077 (-72.9%), from €13,817 to €3,741
- Current portion of long-term debt -€9,138
down €9,138 (-40.8%), from €22,392 to €13,254
- Other debts -€6,500
down €6,500 (-12.2%), from €53,274 to €46,774
- Gross operating margin -€69,382
down €69,382 (-61.8%), from €112,251 to €42,869
- Financial charges -€9,355
down €9,355 (-82.0%), from €11,408 to €2,053
- Taxes +€2,895
new in 2025: €2,895
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 | €69,325 | €65,208 | -€4,117 | -5.9% |
| Fixed assets | 21/28 | €11,282 | €7,082 | -€4,200 | -37.2% |
| Tangible fixed assets | 22/27 | €11,282 | €7,082 | -€4,200 | -37.2% |
| Land and buildings | 22 | €9,569 | €6,296 | -€3,273 | -34.2% |
| Furniture and vehicles | 24 | €1,713 | €786 | -€927 | -54.1% |
| Current assets | 29/58 | €58,043 | €58,126 | +€83 | +0.1% |
| Stocks and contracts in progress | 3 | - | €7,110 | +€7,110 | |
| Stocks | 30/36 | - | €7,110 | +€7,110 | |
| Amounts receivable within one year | 40/41 | €37,759 | €43,533 | +€5,773 | +15.3% |
| Trade receivables | 40 | €37,759 | €43,533 | +€5,773 | +15.3% |
| Cash at bank and in hand | 54/58 | €19,383 | €6,983 | -€12,399 | -64.0% |
| Deferred charges and accrued income | 490/1 | €901 | €500 | -€401 | -44.5% |
| Total equity and liabilities | 10/49 | €69,325 | €65,208 | -€4,117 | -5.9% |
| Equity | 10/15 | -€38,791 | -€6,536 | +€32,255 | +83.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,251 | -€31,996 | +€32,255 | +50.2% |
| Amounts payable | 17/49 | €108,117 | €71,745 | -€36,372 | -33.6% |
| Amounts payable after more than one year | 17 | €13,254 | - | -€13,254 | |
| Financial debts | 170/4 | €13,254 | - | -€13,254 | |
| Amounts payable within one year | 42/48 | €94,862 | €71,745 | -€23,118 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €22,392 | €13,254 | -€9,138 | -40.8% |
| Trade debts | 44 | €13,817 | €3,741 | -€10,077 | -72.9% |
| Suppliers | 440/4 | €13,817 | €3,741 | -€10,077 | -72.9% |
| Taxes, remuneration and social security | 45 | €5,378 | €7,975 | +€2,597 | +48.3% |
| Taxes | 450/3 | €5,378 | €7,975 | +€2,597 | +48.3% |
| Other amounts payable | 47/48 | €53,274 | €46,774 | -€6,500 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,783 | €4,200 | -€583 | -12.2% |
| Other operating charges | 640/8 | €859 | €1,465 | +€606 | +70.5% |
| Gross operating margin | 9900 | €112,251 | €42,869 | -€69,382 | -61.8% |
| Operating profit (loss) | 9901 | €106,609 | €37,203 | -€69,405 | -65.1% |
| Financial charges | 65/66B | €11,408 | €2,053 | -€9,355 | -82.0% |
| Recurring financial charges | 65 | €11,408 | €2,053 | -€9,355 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €95,200 | €35,150 | -€60,050 | -63.1% |
| Income taxes | 67/77 | - | €2,895 | +€2,895 | |
| Profit (loss) for the period | 9904 | €95,200 | €32,255 | -€62,946 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,200 | €32,255 | -€62,946 | -66.1% |
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.