LESTABEL: 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.
LESTABEL
Largest movements
- Tangible fixed assets -€50,644
down €50,644 (-5.7%), from €886,277 to €835,634
- Debts after one year -€28,738
down €28,738 (-3.2%), from €899,172 to €870,434
- Profit (loss) carried forward -€24,556
down €24,556 (-38.6%), from -€63,623 to -€88,179
- Gross operating margin +€98,397
up €98,397, from -€24,059 to €74,338
- Depreciation +€39,636
up €39,636 (+263.4%), from €15,048 to €54,684
- Financial charges +€11,407
up €11,407 (+58.5%), from €19,498 to €30,905
- Other operating charges +€10,452
up €10,452 (+366.3%), from €2,853 to €13,305
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 | €889,892 | €841,545 | -€48,346 | -5.4% |
| Fixed assets | 21/28 | €886,277 | €835,634 | -€50,644 | -5.7% |
| Tangible fixed assets | 22/27 | €886,277 | €835,634 | -€50,644 | -5.7% |
| Land and buildings | 22 | €886,277 | €835,634 | -€50,644 | -5.7% |
| Current assets | 29/58 | €3,614 | €5,911 | +€2,297 | +63.6% |
| Amounts receivable within one year | 40/41 | €508 | €3,431 | +€2,923 | +575.2% |
| Other amounts receivable | 41 | €508 | €3,431 | +€2,923 | +575.2% |
| Cash at bank and in hand | 54/58 | €3,106 | €2,480 | -€626 | -20.2% |
| Total equity and liabilities | 10/49 | €889,892 | €841,545 | -€48,346 | -5.4% |
| Equity | 10/15 | -€58,623 | -€83,179 | -€24,556 | -41.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,623 | -€88,179 | -€24,556 | -38.6% |
| Amounts payable | 17/49 | €948,515 | €924,724 | -€23,791 | -2.5% |
| Amounts payable after more than one year | 17 | €899,172 | €870,434 | -€28,738 | -3.2% |
| Financial debts | 170/4 | €899,172 | €870,434 | -€28,738 | -3.2% |
| Amounts payable within one year | 42/48 | €49,343 | €54,290 | +€4,948 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €38,264 | €42,780 | +€4,516 | +11.8% |
| Trade debts | 44 | €8,465 | €828 | -€7,636 | -90.2% |
| Suppliers | 440/4 | €8,465 | €828 | -€7,636 | -90.2% |
| Taxes, remuneration and social security | 45 | €2,614 | €10,608 | +€7,994 | +305.8% |
| Taxes | 450/3 | €2,614 | €10,608 | +€7,994 | +305.8% |
| Other amounts payable | 47/48 | - | €75 | +€75 | |
| Non-recurring operating income | 76A | - | €21,310 | +€21,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,048 | €54,684 | +€39,636 | +263.4% |
| Other operating charges | 640/8 | €2,853 | €13,305 | +€10,452 | +366.3% |
| Gross operating margin | 9900 | -€24,059 | €74,338 | +€98,397 | |
| Operating profit (loss) | 9901 | -€41,960 | €6,349 | +€48,309 | |
| Financial charges | 65/66B | €19,498 | €30,905 | +€11,407 | +58.5% |
| Recurring financial charges | 65 | €19,498 | €30,905 | +€11,407 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | -€61,457 | -€24,556 | +€36,902 | +60.0% |
| Profit (loss) for the period | 9904 | -€61,457 | -€24,556 | +€36,902 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,457 | -€24,556 | +€36,902 | +60.0% |
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 10 October 2026 via checked.be.