LéSu: 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.
LéSu
Largest movements
- Receivables within one year -€15,552
down €15,552 (-74.5%), from €20,889 to €5,337
of which Trade receivables: -€14,021
- Cash +€14,757
up €14,757 (+353.7%), from €4,172 to €18,929
mainly Other debts (+€116,244) and Tax, wage and social debts (+€73,618)
- Profit (loss) carried forward -€173,669
down €173,669 (-128.3%), from -€135,323 to -€308,992
- Other debts +€116,244
up €116,244 (+51.8%), from €224,518 to €340,762
- Tax, wage and social debts +€73,618
up €73,618 (+373.4%), from €19,717 to €93,335
of which Remuneration and social security: +€47,065
- Debts after one year -€7,554
down €7,554 (-5.1%), from €147,327 to €139,773
- Current portion of long-term debt -€6,027
down €6,027 (-44.4%), from €13,581 to €7,554
- Staff costs +€172,069
up €172,069 (+212.0%), from €81,156 to €253,225
- Gross operating margin +€60,583
up €60,583 (+87.6%), from €69,148 to €129,731
- Other operating charges -€6,376
down €6,376 (-52.9%), from €12,060 to €5,684
- Depreciation +€5,630
up €5,630 (+31.1%), from €18,074 to €23,704
- Financial charges -€5,311
down €5,311 (-20.5%), from €25,896 to €20,586
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 | €344,863 | €347,729 | +€2,866 | +0.8% |
| Fixed assets | 21/28 | €312,621 | €316,428 | +€3,807 | +1.2% |
| Intangible fixed assets | 21 | €1,109 | €3,452 | +€2,343 | +211.2% |
| Tangible fixed assets | 22/27 | €308,311 | €309,776 | +€1,465 | +0.5% |
| Land and buildings | 22 | €281,483 | €284,852 | +€3,369 | +1.2% |
| Plant, machinery and equipment | 23 | €14,768 | €14,536 | -€232 | -1.6% |
| Furniture and vehicles | 24 | €12,061 | €10,388 | -€1,672 | -13.9% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €32,243 | €31,301 | -€942 | -2.9% |
| Stocks and contracts in progress | 3 | €5,522 | €5,000 | -€522 | -9.5% |
| Stocks | 30/36 | €5,522 | €5,000 | -€522 | -9.5% |
| Amounts receivable within one year | 40/41 | €20,889 | €5,337 | -€15,552 | -74.5% |
| Trade receivables | 40 | €19,302 | €5,281 | -€14,021 | -72.6% |
| Other amounts receivable | 41 | €1,587 | €56 | -€1,531 | -96.5% |
| Cash at bank and in hand | 54/58 | €4,172 | €18,929 | +€14,757 | +353.7% |
| Deferred charges and accrued income | 490/1 | €1,660 | €2,034 | +€374 | +22.6% |
| Total equity and liabilities | 10/49 | €344,863 | €347,729 | +€2,866 | +0.8% |
| Equity | 10/15 | -€106,672 | -€280,342 | -€173,669 | -162.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,051 | €10,051 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €10,051 | €10,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,323 | -€308,992 | -€173,669 | -128.3% |
| Amounts payable | 17/49 | €451,535 | €628,070 | +€176,535 | +39.1% |
| Amounts payable after more than one year | 17 | €147,327 | €139,773 | -€7,554 | -5.1% |
| Financial debts | 170/4 | €147,327 | €139,773 | -€7,554 | -5.1% |
| Amounts payable within one year | 42/48 | €304,208 | €488,297 | +€184,089 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | €13,581 | €7,554 | -€6,027 | -44.4% |
| Financial debts | 43 | €11 | €371 | +€360 | +3279.4% |
| Credit institutions | 430/8 | €11 | €371 | +€360 | +3279.4% |
| Trade debts | 44 | €46,381 | €46,275 | -€106 | -0.2% |
| Suppliers | 440/4 | €46,381 | €46,275 | -€106 | -0.2% |
| Taxes, remuneration and social security | 45 | €19,717 | €93,335 | +€73,618 | +373.4% |
| Taxes | 450/3 | €11,611 | €38,164 | +€26,552 | +228.7% |
| Remuneration and social security | 454/9 | €8,106 | €55,171 | +€47,065 | +580.6% |
| Other amounts payable | 47/48 | €224,518 | €340,762 | +€116,244 | +51.8% |
| Remuneration, social security and pensions | 62 | €81,156 | €253,225 | +€172,069 | +212.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,074 | €23,704 | +€5,630 | +31.1% |
| Other operating charges | 640/8 | €12,060 | €5,684 | -€6,376 | -52.9% |
| Gross operating margin | 9900 | €69,148 | €129,731 | +€60,583 | +87.6% |
| Operating profit (loss) | 9901 | -€42,142 | -€152,882 | -€110,740 | -262.8% |
| Financial income | 75/76B | €84 | €24 | -€60 | -71.7% |
| Recurring financial income | 75 | €84 | €24 | -€60 | -71.7% |
| Financial charges | 65/66B | €25,896 | €20,586 | -€5,311 | -20.5% |
| Recurring financial charges | 65 | €25,896 | €20,586 | -€5,311 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€67,954 | -€173,444 | -€105,490 | -155.2% |
| Income taxes | 67/77 | €349 | €225 | -€123 | -35.4% |
| Profit (loss) for the period | 9904 | -€68,303 | -€173,669 | -€105,366 | -154.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,303 | -€173,669 | -€105,366 | -154.3% |
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 12 October 2026 via checked.be.