LESTIM: 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.
LESTIM
Largest movements
- Tangible fixed assets +€206,611
up €206,611 (+16.9%), from €1.2m to €1.4m
of which Land and buildings: +€217,074
- Cash -€151,429
down €151,429 (-35.2%), from €430,806 to €279,377
mainly Investment in fixed assets (net) (-€281,073) and Other debts (-€118,144)
- Other debts -€118,144
down €118,144 (-73.1%), from €161,600 to €43,456
- Debts after one year +€109,941
up €109,941 (+13.1%), from €841,846 to €951,787
- Reserves +€77,680
up €77,680 (+9.0%), from €866,223 to €943,903
of which Distributable reserves: +€77,680
- Financial income -€594,825
down €594,825 (-98.3%), from €605,175 to €10,350
- Gross operating margin +€55,563
up €55,563 (+42.1%), from €131,906 to €187,469
- Taxes +€11,680
up €11,680 (+104.2%), from €11,205 to €22,886
- Depreciation -€7,128
down €7,128 (-9.5%), from €75,390 to €68,262
- Financial charges -€6,620
down €6,620 (-33.1%), from €20,002 to €13,382
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,958,792 | €2,045,422 | +€86,630 | +4.4% |
| Fixed assets | 21/28 | €1,272,045 | €1,484,856 | +€212,811 | +16.7% |
| Tangible fixed assets | 22/27 | €1,222,045 | €1,428,656 | +€206,611 | +16.9% |
| Land and buildings | 22 | €1,204,927 | €1,422,001 | +€217,074 | +18.0% |
| Plant, machinery and equipment | 23 | €9,018 | - | -€9,018 | |
| Furniture and vehicles | 24 | €2,368 | €1,857 | -€511 | -21.6% |
| Other tangible fixed assets | 26 | €5,732 | €4,798 | -€934 | -16.3% |
| Financial fixed assets | 28 | €50,000 | €56,200 | +€6,200 | +12.4% |
| Current assets | 29/58 | €686,747 | €560,566 | -€126,181 | -18.4% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Trade receivables | 290 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,940 | €7,339 | +€1,399 | +23.5% |
| Trade receivables | 40 | €4,719 | €7,339 | +€2,620 | +55.5% |
| Other amounts receivable | 41 | €1,221 | - | -€1,221 | |
| Current investments | 50/53 | - | €13,500 | +€13,500 | |
| Cash at bank and in hand | 54/58 | €430,806 | €279,377 | -€151,429 | -35.2% |
| Deferred charges and accrued income | 490/1 | - | €10,350 | +€10,350 | |
| Total equity and liabilities | 10/49 | €1,958,792 | €2,045,422 | +€86,630 | +4.4% |
| Equity | 10/15 | €881,223 | €968,903 | +€87,680 | +9.9% |
| Contributions | 10/11 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Reserves | 13 | €866,223 | €943,903 | +€77,680 | +9.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €863,723 | €941,403 | +€77,680 | +9.0% |
| Amounts payable | 17/49 | €1,077,568 | €1,076,518 | -€1,050 | -0.1% |
| Amounts payable after more than one year | 17 | €841,846 | €951,787 | +€109,941 | +13.1% |
| Financial debts | 170/4 | €841,846 | €951,787 | +€109,941 | +13.1% |
| Amounts payable within one year | 42/48 | €235,588 | €124,731 | -€110,856 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €61,318 | €64,059 | +€2,741 | +4.5% |
| Trade debts | 44 | €195 | €676 | +€481 | +246.0% |
| Suppliers | 440/4 | €195 | €676 | +€481 | +246.0% |
| Taxes, remuneration and social security | 45 | €12,475 | €16,540 | +€4,065 | +32.6% |
| Taxes | 450/3 | €12,475 | €16,540 | +€4,065 | +32.6% |
| Other amounts payable | 47/48 | €161,600 | €43,456 | -€118,144 | -73.1% |
| Accrued charges and deferred income | 492/3 | €135 | - | -€135 | |
| Non-recurring operating income | 76A | - | €13,575 | +€13,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,390 | €68,262 | -€7,128 | -9.5% |
| Other operating charges | 640/8 | €4,468 | €6,590 | +€2,123 | +47.5% |
| Non-recurring operating charges | 66A | - | €9,018 | +€9,018 | |
| Gross operating margin | 9900 | €131,906 | €187,469 | +€55,563 | +42.1% |
| Operating profit (loss) | 9901 | €52,048 | €103,597 | +€51,550 | +99.0% |
| Financial income | 75/76B | €605,175 | €10,350 | -€594,825 | -98.3% |
| Recurring financial income | 75 | €605,175 | €10,350 | -€594,825 | -98.3% |
| Financial charges | 65/66B | €20,002 | €13,382 | -€6,620 | -33.1% |
| Recurring financial charges | 65 | €20,002 | €13,382 | -€6,620 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €637,221 | €100,566 | -€536,655 | -84.2% |
| Income taxes | 67/77 | €11,205 | €22,886 | +€11,680 | +104.2% |
| Profit (loss) for the period | 9904 | €626,015 | €77,680 | -€548,335 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €626,015 | €77,680 | -€548,335 | -87.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.