LESORS: 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.
LESORS
Largest movements
- Tangible fixed assets -€7,234
down €7,234 (-7.2%), from €100,109 to €92,874
- Cash -€2,079
down €2,079 (-53.3%), from €3,899 to €1,820
mainly Net result for the year (-€13,653)
- Profit (loss) carried forward -€13,653
down €13,653 (-21.0%), from -€65,020 to -€78,672
- Debts after one year +€4,121
up €4,121 (+8.3%), from €49,363 to €53,485
- Gross operating margin -€6,581
down €6,581, from €3,730 to -€2,850
- Financial charges -€360
down €360 (-14.3%), from €2,527 to €2,166
- Other operating charges +€41
up €41 (+3.0%), from €1,361 to €1,402
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 | €107,470 | €98,151 | -€9,320 | -8.7% |
| Fixed assets | 21/28 | €100,109 | €92,874 | -€7,234 | -7.2% |
| Tangible fixed assets | 22/27 | €100,109 | €92,874 | -€7,234 | -7.2% |
| Land and buildings | 22 | €100,109 | €92,874 | -€7,234 | -7.2% |
| Current assets | 29/58 | €7,362 | €5,276 | -€2,085 | -28.3% |
| Amounts receivable within one year | 40/41 | €3,357 | €3,357 | = | 0.0% |
| Other amounts receivable | 41 | €3,357 | €3,357 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,899 | €1,820 | -€2,079 | -53.3% |
| Deferred charges and accrued income | 490/1 | €106 | €100 | -€6 | -5.7% |
| Total equity and liabilities | 10/49 | €107,470 | €98,151 | -€9,320 | -8.7% |
| Equity | 10/15 | €58,094 | €44,441 | -€13,653 | -23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,914 | €116,914 | = | 0.0% |
| Distributable reserves | 133 | €116,914 | €116,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,020 | -€78,672 | -€13,653 | -21.0% |
| Amounts payable | 17/49 | €49,376 | €53,709 | +€4,333 | +8.8% |
| Amounts payable after more than one year | 17 | €49,363 | €53,485 | +€4,121 | +8.3% |
| Other amounts payable | 178/9 | €49,363 | €53,485 | +€4,121 | +8.3% |
| Amounts payable within one year | 42/48 | €13 | €225 | +€212 | +1641.5% |
| Trade debts | 44 | €0 | €212 | +€212 | |
| Suppliers | 440/4 | €0 | €212 | +€212 | |
| Other amounts payable | 47/48 | €13 | €13 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,234 | €7,234 | = | 0.0% |
| Other operating charges | 640/8 | €1,361 | €1,402 | +€41 | +3.0% |
| Gross operating margin | 9900 | €3,730 | -€2,850 | -€6,581 | |
| Operating profit (loss) | 9901 | -€4,865 | -€11,487 | -€6,622 | -136.1% |
| Financial charges | 65/66B | €2,527 | €2,166 | -€360 | -14.3% |
| Recurring financial charges | 65 | €2,527 | €2,166 | -€360 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,391 | -€13,653 | -€6,261 | -84.7% |
| Profit (loss) for the period | 9904 | -€7,391 | -€13,653 | -€6,261 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,391 | -€13,653 | -€6,261 | -84.7% |
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 3 October 2026 via checked.be.