LESSEURS: 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.
LESSEURS
Largest movements
- Tangible fixed assets -€21,910
down €21,910 (-9.2%), from €238,515 to €216,605
of which Land and buildings: -€21,415
- Receivables within one year -€2,819
no longer reported in 2025 (was €2,819)
of which Trade receivables: -€2,813
- Debts after one year -€17,705
down €17,705 (-9.2%), from €192,385 to €174,680
- Other debts -€8,826
down €8,826 (-39.6%), from €22,312 to €13,486
- Profit (loss) carried forward +€5,705
no longer reported in 2025 (was -€5,705)
- Tax, wage and social debts -€3,663
down €3,663 (-32.8%), from €11,183 to €7,520
of which Remuneration and social security: -€2,643
- Gross operating margin +€5,239
up €5,239 (+13.7%), from €38,304 to €43,542
- Depreciation -€1,592
down €1,592 (-6.8%), from €23,501 to €21,910
- Financial income +€454
up €454 (+240.1%), from €189 to €643
of which Financial income: +€617
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 | €273,739 | €249,381 | -€24,359 | -8.9% |
| Fixed assets | 21/28 | €238,515 | €216,855 | -€21,660 | -9.1% |
| Tangible fixed assets | 22/27 | €238,515 | €216,605 | -€21,910 | -9.2% |
| Land and buildings | 22 | €237,771 | €216,356 | -€21,415 | -9.0% |
| Plant, machinery and equipment | 23 | €714 | €250 | -€465 | -65.0% |
| Furniture and vehicles | 24 | €30 | €0 | -€30 | -100.0% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €35,224 | €32,525 | -€2,699 | -7.7% |
| Stocks and contracts in progress | 3 | €26,199 | €23,865 | -€2,335 | -8.9% |
| Stocks | 30/36 | €26,199 | €23,865 | -€2,335 | -8.9% |
| Amounts receivable within one year | 40/41 | €2,819 | - | -€2,819 | |
| Trade receivables | 40 | €2,813 | - | -€2,813 | |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €5,095 | €7,414 | +€2,318 | +45.5% |
| Deferred charges and accrued income | 490/1 | €1,111 | €1,247 | +€136 | +12.3% |
| Total equity and liabilities | 10/49 | €273,739 | €249,381 | -€24,359 | -8.9% |
| Equity | 10/15 | €14,755 | €22,394 | +€7,639 | +51.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €3,794 | +€1,934 | +104.0% |
| Distributable reserves | 133 | €1,860 | €3,794 | +€1,934 | +104.0% |
| Profit (loss) carried forward | 14 | -€5,705 | - | +€5,705 | |
| Amounts payable | 17/49 | €258,985 | €226,986 | -€31,998 | -12.4% |
| Amounts payable after more than one year | 17 | €192,385 | €174,680 | -€17,705 | -9.2% |
| Financial debts | 170/4 | €192,385 | €174,680 | -€17,705 | -9.2% |
| Amounts payable within one year | 42/48 | €66,599 | €52,306 | -€14,293 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €18,885 | €17,705 | -€1,181 | -6.3% |
| Trade debts | 44 | €14,219 | €13,595 | -€624 | -4.4% |
| Suppliers | 440/4 | €14,219 | €13,595 | -€624 | -4.4% |
| Taxes, remuneration and social security | 45 | €11,183 | €7,520 | -€3,663 | -32.8% |
| Taxes | 450/3 | €8,540 | €7,520 | -€1,020 | -11.9% |
| Remuneration and social security | 454/9 | €2,643 | - | -€2,643 | |
| Other amounts payable | 47/48 | €22,312 | €13,486 | -€8,826 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,501 | €21,910 | -€1,592 | -6.8% |
| Other operating charges | 640/8 | €3,482 | €3,270 | -€212 | -6.1% |
| Gross operating margin | 9900 | €38,304 | €43,542 | +€5,239 | +13.7% |
| Operating profit (loss) | 9901 | €11,320 | €18,363 | +€7,043 | +62.2% |
| Financial income | 75/76B | €189 | €643 | +€454 | +240.1% |
| Recurring financial income | 75 | €26 | €643 | +€617 | +2332.7% |
| Non-recurring financial income | 76B | €163 | - | -€163 | |
| Financial charges | 65/66B | €10,553 | €10,576 | +€24 | +0.2% |
| Recurring financial charges | 65 | €10,238 | €10,576 | +€338 | +3.3% |
| Non-recurring financial charges | 66B | €315 | - | -€315 | |
| Profit (loss) for the period before taxes | 9903 | €957 | €8,429 | +€7,473 | +781.1% |
| Income taxes | 67/77 | €466 | €790 | +€324 | +69.7% |
| Profit (loss) for the period | 9904 | €491 | €7,639 | +€7,148 | +1456.1% |
| Profit (loss) for the period to be appropriated | 9905 | €491 | €7,639 | +€7,148 | +1456.1% |
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 11 October 2026 via checked.be.