LESTCO: 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.
What changed
LESTCO
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€49,687
2024 · €295,589-€245,902
Equity
€6.1m
2024 · €6.1m+€36,824
Cash
€22,066
2024 · €12,701+€9,366
Balance sheet total
€12.8m
2024 · €11.8m+€1.1m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+27.0%), from €4.1m to €5.2m
of which Trade receivables: +€1.1m
- Tangible fixed assets -€142,439
down €142,439 (-2.6%), from €5.4m to €5.3m
of which Land and buildings: -€121,250
Equity and liabilities
- Trade debts +€589,796
up €589,796 (+14.3%), from €4.1m to €4.7m
- Debts after one year +€210,343
up €210,343 (+22.4%), from €939,267 to €1.1m
of which Financial debts: +€132,343
Income statement
- Gross operating margin -€148,187
down €148,187 (-9.5%), from €1.6m to €1.4m
- Other operating charges +€80,936
up €80,936 (+105.7%), from €76,544 to €157,480
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.
Result 2024
€295,589
Gross operating margin
-€148,187
Staff costs
-€7,984
Depreciation
-€6,913
Other operating charges
-€80,936
Financial income
-€4,851
Financial charges
+€3,511
Taxes
-€15
Deferred taxes and other
-€526
Result 2025
€49,687
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.
From operations
-€108,666
Investment
-€199,825
Financing
+€317,857
Cash 2024
€12,701
From operations (derived)
-€108,666
Net result for the year
+€49,687
Depreciation
+€342,264
Stocks and contracts
-€91,547
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€4,903
Provisions
-€2,207
Trade debts
+€589,796
Tax, wage and social debts
+€78,701
Accrued charges and deferred income
+€20,163
Investment (derived)
-€199,825
Investment in fixed assets (net)
-€199,825
Financing
+€317,857
Debts after one year
+€210,343
Current portion of long-term debt
+€24,232
Short-term financial debts
+€96,145
Contributions, distributions and other
-€12,863
Cash 2025
€22,066
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,755,088 | €12,809,085 | +€1.1m | +9.0% |
| Fixed assets | 21/28 | €7,294,784 | €7,152,345 | -€142,439 | -2.0% |
| Tangible fixed assets | 22/27 | €5,440,060 | €5,297,621 | -€142,439 | -2.6% |
| Land and buildings | 22 | €5,396,174 | €5,274,923 | -€121,250 | -2.2% |
| Plant, machinery and equipment | 23 | €24,201 | €8,171 | -€16,031 | -66.2% |
| Furniture and vehicles | 24 | €19,685 | €14,527 | -€5,158 | -26.2% |
| Financial fixed assets | 28 | €1,854,724 | €1,854,724 | = | 0.0% |
| Current assets | 29/58 | €4,460,304 | €5,656,740 | +€1.2m | +26.8% |
| Stocks and contracts in progress | 3 | €354,471 | €446,018 | +€91,547 | +25.8% |
| Stocks | 30/36 | €354,471 | €446,018 | +€91,547 | +25.8% |
| Amounts receivable within one year | 40/41 | €4,082,409 | €5,182,836 | +€1.1m | +27.0% |
| Trade receivables | 40 | €3,919,509 | €5,035,373 | +€1.1m | +28.5% |
| Other amounts receivable | 41 | €162,900 | €147,463 | -€15,437 | -9.5% |
| Cash at bank and in hand | 54/58 | €12,701 | €22,066 | +€9,366 | +73.7% |
| Deferred charges and accrued income | 490/1 | €10,723 | €5,820 | -€4,903 | -45.7% |
| Total equity and liabilities | 10/49 | €11,755,088 | €12,809,085 | +€1.1m | +9.0% |
| Equity | 10/15 | €6,081,062 | €6,117,886 | +€36,824 | +0.6% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €3,956,499 | €3,956,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Other | 1319 | - | €0 | = | |
| Distributable reserves | 133 | €3,881,499 | €3,881,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,161,283 | €1,210,970 | +€49,687 | +4.3% |
| Investment grants | 15 | €213,281 | €200,418 | -€12,863 | -6.0% |
| Provisions and deferred taxes | 16 | €54,438 | €52,231 | -€2,207 | -4.1% |
| Deferred taxes | 168 | €54,438 | €52,231 | -€2,207 | -4.1% |
| Amounts payable | 17/49 | €5,619,588 | €6,638,968 | +€1.0m | +18.1% |
| Amounts payable after more than one year | 17 | €939,267 | €1,149,610 | +€210,343 | +22.4% |
| Financial debts | 170/4 | €160,367 | €292,710 | +€132,343 | +82.5% |
| Other amounts payable | 178/9 | €778,900 | €856,900 | +€78,000 | +10.0% |
| Amounts payable within one year | 42/48 | €4,598,628 | €5,387,503 | +€788,875 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €86,798 | €111,030 | +€24,232 | +27.9% |
| Financial debts | 43 | €117,342 | €213,487 | +€96,145 | +81.9% |
| Credit institutions | 430/8 | €117,342 | €213,487 | +€96,145 | +81.9% |
| Trade debts | 44 | €4,111,590 | €4,701,386 | +€589,796 | +14.3% |
| Suppliers | 440/4 | €4,111,590 | €4,701,386 | +€589,796 | +14.3% |
| Taxes, remuneration and social security | 45 | €247,862 | €326,563 | +€78,701 | +31.8% |
| Taxes | 450/3 | €165,735 | €217,016 | +€51,281 | +30.9% |
| Remuneration and social security | 454/9 | €82,126 | €109,547 | +€27,420 | +33.4% |
| Other amounts payable | 47/48 | €35,037 | €35,037 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €81,693 | €101,856 | +€20,163 | +24.7% |
| Remuneration, social security and pensions | 62 | €817,172 | €825,156 | +€7,984 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335,351 | €342,264 | +€6,913 | +2.1% |
| Other operating charges | 640/8 | €76,544 | €157,480 | +€80,936 | +105.7% |
| Gross operating margin | 9900 | €1,556,104 | €1,407,917 | -€148,187 | -9.5% |
| Operating profit (loss) | 9901 | €327,036 | €83,017 | -€244,020 | -74.6% |
| Financial income | 75/76B | €17,714 | €12,863 | -€4,851 | -27.4% |
| Recurring financial income | 75 | €17,714 | €12,863 | -€4,851 | -27.4% |
| Financial charges | 65/66B | €51,895 | €48,384 | -€3,511 | -6.8% |
| Recurring financial charges | 65 | €51,895 | €48,384 | -€3,511 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €292,856 | €47,496 | -€245,360 | -83.8% |
| Transfer from deferred taxes | 780 | €2,733 | €2,207 | -€526 | -19.2% |
| Income taxes | 67/77 | - | €15 | +€15 | |
| Profit (loss) for the period | 9904 | €295,589 | €49,687 | -€245,902 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €295,589 | €49,687 | -€245,902 | -83.2% |
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 2 October 2026 via checked.be.