LESRA: 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.
LESRA
Largest movements
- Receivables after one year +€65,756
new in 2025: €65,756
- Receivables within one year -€51,316
down €51,316 (-79.2%), from €64,797 to €13,481
of which Other amounts receivable: -€50,713
- Cash -€15,472
down €15,472 (-37.4%), from €41,317 to €25,845
mainly Receivables after one year (-€65,756) and Investment in fixed assets (net) (-€24,104)
- Tangible fixed assets +€8,216
up €8,216 (+4.1%), from €200,085 to €208,301
of which Furniture and vehicles: +€20,147
- Profit (loss) carried forward -€15,667
down €15,667 (-70.7%), from €22,153 to €6,486
- Trade debts +€15,036
up €15,036 (+493.6%), from €3,046 to €18,082
- Current portion of long-term debt +€5,258
up €5,258 (+31.6%), from €16,651 to €21,909
- Debts after one year +€3,590
up €3,590 (+1.9%), from €188,668 to €192,258
- Gross operating margin -€25,866
down €25,866 (-35.0%), from €73,946 to €48,080
- Staff costs +€6,134
up €6,134 (+23.0%), from €26,670 to €32,804
- Taxes -€5,898
down €5,898, from €5,864 to -€34
- Depreciation +€4,070
up €4,070 (+33.3%), from €12,214 to €16,284
- Other operating charges +€1,840
up €1,840 (+135.4%), from €1,359 to €3,199
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 | €312,382 | €318,478 | +€6,096 | +2.0% |
| Fixed assets | 21/28 | €200,481 | €208,301 | +€7,820 | +3.9% |
| Tangible fixed assets | 22/27 | €200,085 | €208,301 | +€8,216 | +4.1% |
| Land and buildings | 22 | €183,795 | €175,336 | -€8,459 | -4.6% |
| Plant, machinery and equipment | 23 | €16,002 | €12,530 | -€3,472 | -21.7% |
| Furniture and vehicles | 24 | €288 | €20,435 | +€20,147 | +6995.5% |
| Financial fixed assets | 28 | €396 | - | -€396 | |
| Current assets | 29/58 | €111,901 | €110,177 | -€1,724 | -1.5% |
| Amounts receivable after more than one year | 29 | - | €65,756 | +€65,756 | |
| Other amounts receivable | 291 | - | €65,756 | +€65,756 | |
| Stocks and contracts in progress | 3 | €5,598 | €4,879 | -€719 | -12.8% |
| Stocks | 30/36 | €5,598 | €4,879 | -€719 | -12.8% |
| Amounts receivable within one year | 40/41 | €64,797 | €13,481 | -€51,316 | -79.2% |
| Trade receivables | 40 | €2,423 | €1,820 | -€603 | -24.9% |
| Other amounts receivable | 41 | €62,374 | €11,661 | -€50,713 | -81.3% |
| Cash at bank and in hand | 54/58 | €41,317 | €25,845 | -€15,472 | -37.4% |
| Deferred charges and accrued income | 490/1 | €189 | €216 | +€27 | +14.3% |
| Total equity and liabilities | 10/49 | €312,382 | €318,478 | +€6,096 | +2.0% |
| Equity | 10/15 | €99,669 | €84,002 | -€15,667 | -15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,316 | €71,316 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,105 | €16,105 | = | 0.0% |
| Distributable reserves | 133 | €55,211 | €55,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,153 | €6,486 | -€15,667 | -70.7% |
| Amounts payable | 17/49 | €212,713 | €234,476 | +€21,763 | +10.2% |
| Amounts payable after more than one year | 17 | €188,668 | €192,258 | +€3,590 | +1.9% |
| Financial debts | 170/4 | €188,668 | €192,258 | +€3,590 | +1.9% |
| Amounts payable within one year | 42/48 | €23,874 | €42,218 | +€18,344 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €16,651 | €21,909 | +€5,258 | +31.6% |
| Trade debts | 44 | €3,046 | €18,082 | +€15,036 | +493.6% |
| Suppliers | 440/4 | €3,046 | €18,082 | +€15,036 | +493.6% |
| Taxes, remuneration and social security | 45 | €1,794 | €1,864 | +€70 | +3.9% |
| Taxes | 450/3 | €509 | €284 | -€225 | -44.2% |
| Remuneration and social security | 454/9 | €1,285 | €1,580 | +€295 | +23.0% |
| Other amounts payable | 47/48 | €2,383 | €363 | -€2,020 | -84.8% |
| Accrued charges and deferred income | 492/3 | €171 | - | -€171 | |
| Remuneration, social security and pensions | 62 | €26,670 | €32,804 | +€6,134 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,214 | €16,284 | +€4,070 | +33.3% |
| Other operating charges | 640/8 | €1,359 | €3,199 | +€1,840 | +135.4% |
| Non-recurring operating charges | 66A | - | €2 | +€2 | |
| Gross operating margin | 9900 | €73,946 | €48,080 | -€25,866 | -35.0% |
| Operating profit (loss) | 9901 | €33,703 | -€4,209 | -€37,912 | |
| Financial income | 75/76B | €211 | €461 | +€250 | +118.5% |
| Recurring financial income | 75 | €211 | €461 | +€250 | +118.5% |
| Financial charges | 65/66B | €10,602 | €11,952 | +€1,350 | +12.7% |
| Recurring financial charges | 65 | €10,602 | €11,952 | +€1,350 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €23,312 | -€15,700 | -€39,012 | |
| Income taxes | 67/77 | €5,864 | -€34 | -€5,898 | |
| Profit (loss) for the period | 9904 | €17,448 | -€15,666 | -€33,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,448 | -€15,666 | -€33,114 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.