LESTO: 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.
LESTO
Largest movements
- Tangible fixed assets -€103,610
down €103,610 (-97.3%), from €106,509 to €2,899
of which Land and buildings: -€96,213
- Receivables within one year -€50,246
down €50,246 (-61.5%), from €81,700 to €31,454
of which Other amounts receivable: -€55,866
- Cash +€26,444
up €26,444 (+307.9%), from €8,590 to €35,034
mainly Investment in fixed assets (net) (+€95,972) and Other debts (+€84,531)
- Deferred charges and accrued income -€5,316
down €5,316 (-49.8%), from €10,678 to €5,362
- Debts after one year -€120,732
no longer reported in 2025 (was €120,732)
- Other debts +€84,531
up €84,531 (+5123087.3%), from €2 to €84,533
- Profit (loss) carried forward -€57,926
down €57,926, from €20,853 to -€37,074
- Trade debts -€22,371
down €22,371 (-88.1%), from €25,401 to €3,030
- Current portion of long-term debt -€12,729
no longer reported in 2025 (was €12,729)
- Gross operating margin +€41,324
up €41,324 (+56.9%), from -€72,593 to -€31,269
- Financial income -€18,758
down €18,758 (-83.9%), from €22,358 to €3,601
of which Non-recurring financial income: -€18,825
- Depreciation -€12,375
down €12,375 (-61.8%), from €20,012 to €7,638
- Other operating charges +€8,857
up €8,857 (+253.0%), from €3,500 to €12,357
- Financial charges +€963
up €963 (+10.4%), from €9,298 to €10,262
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 | €207,477 | €74,749 | -€132,728 | -64.0% |
| Fixed assets | 21/28 | €106,509 | €2,899 | -€103,610 | -97.3% |
| Tangible fixed assets | 22/27 | €106,509 | €2,899 | -€103,610 | -97.3% |
| Land and buildings | 22 | €96,695 | €482 | -€96,213 | -99.5% |
| Plant, machinery and equipment | 23 | €741 | €74 | -€667 | -90.0% |
| Furniture and vehicles | 24 | €1,978 | €1,523 | -€455 | -23.0% |
| Other tangible fixed assets | 26 | €7,094 | €821 | -€6,274 | -88.4% |
| Current assets | 29/58 | €100,968 | €71,850 | -€29,118 | -28.8% |
| Amounts receivable within one year | 40/41 | €81,700 | €31,454 | -€50,246 | -61.5% |
| Trade receivables | 40 | €22,592 | €28,212 | +€5,620 | +24.9% |
| Other amounts receivable | 41 | €59,108 | €3,242 | -€55,866 | -94.5% |
| Cash at bank and in hand | 54/58 | €8,590 | €35,034 | +€26,444 | +307.9% |
| Deferred charges and accrued income | 490/1 | €10,678 | €5,362 | -€5,316 | -49.8% |
| Total equity and liabilities | 10/49 | €207,477 | €74,749 | -€132,728 | -64.0% |
| Equity | 10/15 | €45,113 | -€12,814 | -€57,926 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,853 | -€37,074 | -€57,926 | |
| Amounts payable | 17/49 | €162,364 | €87,562 | -€74,801 | -46.1% |
| Amounts payable after more than one year | 17 | €120,732 | - | -€120,732 | |
| Financial debts | 170/4 | €120,732 | - | -€120,732 | |
| Amounts payable within one year | 42/48 | €41,631 | €87,562 | +€45,931 | +110.3% |
| Current portion of amounts payable after more than one year | 42 | €12,729 | - | -€12,729 | |
| Trade debts | 44 | €25,401 | €3,030 | -€22,371 | -88.1% |
| Suppliers | 440/4 | €25,401 | €3,030 | -€22,371 | -88.1% |
| Taxes, remuneration and social security | 45 | €3,500 | - | -€3,500 | |
| Taxes | 450/3 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €2 | €84,533 | +€84,531 | +5123087.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,012 | €7,638 | -€12,375 | -61.8% |
| Other operating charges | 640/8 | €3,500 | €12,357 | +€8,857 | +253.0% |
| Gross operating margin | 9900 | -€72,593 | -€31,269 | +€41,324 | +56.9% |
| Operating profit (loss) | 9901 | -€96,106 | -€51,263 | +€44,842 | +46.7% |
| Financial income | 75/76B | €22,358 | €3,601 | -€18,758 | -83.9% |
| Recurring financial income | 75 | €3,533 | €3,601 | +€68 | +1.9% |
| Non-recurring financial income | 76B | €18,825 | - | -€18,825 | |
| Financial charges | 65/66B | €9,298 | €10,262 | +€963 | +10.4% |
| Recurring financial charges | 65 | €9,298 | €10,262 | +€963 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€83,046 | -€57,924 | +€25,121 | +30.2% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€83,046 | -€57,926 | +€25,119 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,046 | -€57,926 | +€25,119 | +30.2% |
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 3 October 2026 via checked.be.