'T LEZERTJE: 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.
'T LEZERTJE
Largest movements
- Stocks and contracts -€22,118
down €22,118 (-24.6%), from €89,853 to €67,735
- Tangible fixed assets -€7,978
down €7,978 (-20.2%), from €39,492 to €31,514
of which Plant, machinery and equipment: -€4,038
- Profit (loss) carried forward -€31,521
down €31,521 (-82.3%), from -€38,318 to -€69,839
- Other debts +€4,864
up €4,864 (+3.4%), from €143,424 to €148,288
- Current portion of long-term debt -€4,423
no longer reported in 2025 (was €4,423)
- Trade debts +€3,325
up €3,325 (+20.5%), from €16,223 to €19,548
- Short-term financial debts -€2,282
down €2,282 (-18.3%), from €12,469 to €10,186
- Write-downs +€12,549
new in 2025: €12,549
- Other operating charges +€3,237
up €3,237 (+713%), from €454 to €3,691
- Gross operating margin -€2,443
down €2,443 (-1,798%), from -€136 to -€2,579
- Financial charges +€86
up €86 (+2.6%), from €3,341 to €3,427
- Depreciation -€44
down €44 (-0.5%), from €9,164 to €9,120
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.
Derived cash bridge
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 | €160,830 | €131,450 | -€29,380 | -18.3% |
| Fixed assets | 21/28 | €39,492 | €31,514 | -€7,978 | -20.2% |
| Tangible fixed assets | 22/27 | €39,492 | €31,514 | -€7,978 | -20.2% |
| Land and buildings | 22 | €12,605 | €11,684 | -€921 | -7.3% |
| Plant, machinery and equipment | 23 | €10,527 | €6,488 | -€4,038 | -38.4% |
| Furniture and vehicles | 24 | €16,360 | €13,341 | -€3,019 | -18.5% |
| Current assets | 29/58 | €121,338 | €99,936 | -€21,402 | -17.6% |
| Amounts receivable after more than one year | 29 | €6,240 | €6,240 | = | 0.0% |
| Trade receivables | 290 | €6,240 | €6,240 | = | 0.0% |
| Stocks and contracts in progress | 3 | €89,853 | €67,735 | -€22,118 | -24.6% |
| Stocks | 30/36 | €89,853 | €67,735 | -€22,118 | -24.6% |
| Amounts receivable within one year | 40/41 | €23,283 | €23,479 | +€196 | +0.8% |
| Trade receivables | 40 | €20,723 | €21,480 | +€757 | +3.7% |
| Other amounts receivable | 41 | €2,560 | €2,000 | -€561 | -21.9% |
| Cash at bank and in hand | 54/58 | €1,962 | €2,482 | +€520 | +26.5% |
| Total equity and liabilities | 10/49 | €160,830 | €131,450 | -€29,380 | -18.3% |
| Equity | 10/15 | -€16,408 | -€47,929 | -€31,521 | -192% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,910 | €2,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,210 | €1,210 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,210 | €1,210 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,700 | €1,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,318 | -€69,839 | -€31,521 | -82.3% |
| Amounts payable | 17/49 | €177,238 | €179,379 | +€2,141 | +1.2% |
| Amounts payable within one year | 42/48 | €177,238 | €179,379 | +€2,141 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €4,423 | - | -€4,423 | |
| Financial debts | 43 | €12,469 | €10,186 | -€2,282 | -18.3% |
| Credit institutions | 430/8 | €12,469 | €10,186 | -€2,282 | -18.3% |
| Trade debts | 44 | €16,223 | €19,548 | +€3,325 | +20.5% |
| Suppliers | 440/4 | €16,223 | €19,548 | +€3,325 | +20.5% |
| Taxes, remuneration and social security | 45 | €700 | €1,356 | +€657 | +93.9% |
| Taxes | 450/3 | €700 | €1,356 | +€657 | +93.9% |
| Other amounts payable | 47/48 | €143,424 | €148,288 | +€4,864 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,164 | €9,120 | -€44 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,549 | +€12,549 | |
| Other operating charges | 640/8 | €454 | €3,691 | +€3,237 | +713% |
| Gross operating margin | 9900 | -€136 | -€2,579 | -€2,443 | -1,798% |
| Operating profit (loss) | 9901 | -€9,754 | -€27,939 | -€18,185 | -186% |
| Financial income | 75/76B | €54 | €21 | -€33 | -61.5% |
| Recurring financial income | 75 | €54 | €21 | -€33 | -61.5% |
| Financial charges | 65/66B | €3,341 | €3,427 | +€86 | +2.6% |
| Recurring financial charges | 65 | €3,341 | €3,427 | +€86 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,042 | -€31,345 | -€18,303 | -140% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€13,216 | -€31,521 | -€18,305 | -139% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,216 | -€31,521 | -€18,305 | -139% |
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 24 October 2026 via checked.be.