Lecs: what changed
Lecs
Largest movements
- Cash -€46,124
down €46,124 (-87.2%), from €52,910 to €6,787
mainly Investment in fixed assets (net) (-€59,488) and Receivables within one year (-€33,867)
- Tangible fixed assets +€38,261
up €38,261 (+293%), from €13,075 to €51,335
of which Furniture and vehicles: +€38,817
- Receivables within one year +€33,867
up €33,867 (+324%), from €10,459 to €44,326
of which Other amounts receivable: +€41,019
- Reserves -€28,864
down €28,864 (-90.8%), from €31,782 to €2,918
of which Distributable reserves: -€28,864
- Other debts +€23,916
up €23,916 (+129%), from €18,602 to €42,517
- Debts after one year +€22,740
up €22,740 (+3,310%), from €687 to €23,427
- Trade debts +€5,218
up €5,218 (+146%), from €3,571 to €8,789
- Tax, wage and social debts +€3,798
up €3,798 (+51.2%), from €7,413 to €11,212
of which Taxes: +€2,198
- Gross operating margin -€12,974
down €12,974 (-32.4%), from €40,003 to €27,029
- Depreciation +€9,322
up €9,322 (+78.3%), from €11,905 to €21,227
- Taxes -€4,948
down €4,948 (-83.9%), from €5,900 to €952
- Other operating charges -€2,014
down €2,014 (-84.2%), from €2,392 to €379
- Financial charges +€703
up €703 (+69.2%), from €1,016 to €1,718
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,444 | €102,448 | +€26,004 | +34.0% |
| Fixed assets | 21/28 | €13,075 | €51,335 | +€38,261 | +293% |
| Tangible fixed assets | 22/27 | €13,075 | €51,335 | +€38,261 | +293% |
| Plant, machinery and equipment | 23 | €1,726 | €1,170 | -€556 | -32.2% |
| Furniture and vehicles | 24 | €11,348 | €50,165 | +€38,817 | +342% |
| Current assets | 29/58 | €63,369 | €51,113 | -€12,257 | -19.3% |
| Amounts receivable within one year | 40/41 | €10,459 | €44,326 | +€33,867 | +324% |
| Trade receivables | 40 | €10,322 | €3,169 | -€7,152 | -69.3% |
| Other amounts receivable | 41 | €137 | €41,157 | +€41,019 | +29,876% |
| Cash at bank and in hand | 54/58 | €52,910 | €6,787 | -€46,124 | -87.2% |
| Total equity and liabilities | 10/49 | €76,444 | €102,448 | +€26,004 | +34.0% |
| Equity | 10/15 | €37,982 | €9,118 | -€28,864 | -76.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,782 | €2,918 | -€28,864 | -90.8% |
| Non-distributable reserves | 130/1 | €165 | €165 | = | 0.0% |
| Reserves not available under the articles | 1311 | €165 | €165 | = | 0.0% |
| Distributable reserves | 133 | €31,617 | €2,753 | -€28,864 | -91.3% |
| Amounts payable | 17/49 | €38,462 | €93,330 | +€54,868 | +143% |
| Amounts payable after more than one year | 17 | €687 | €23,427 | +€22,740 | +3,310% |
| Financial debts | 170/4 | €687 | €23,427 | +€22,740 | +3,310% |
| Amounts payable within one year | 42/48 | €37,775 | €69,903 | +€32,128 | +85.1% |
| Current portion of amounts payable after more than one year | 42 | €8,189 | €7,385 | -€804 | -9.8% |
| Trade debts | 44 | €3,571 | €8,789 | +€5,218 | +146% |
| Suppliers | 440/4 | €3,571 | €8,789 | +€5,218 | +146% |
| Taxes, remuneration and social security | 45 | €7,413 | €11,212 | +€3,798 | +51.2% |
| Taxes | 450/3 | €7,413 | €9,612 | +€2,198 | +29.7% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €18,602 | €42,517 | +€23,916 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,905 | €21,227 | +€9,322 | +78.3% |
| Other operating charges | 640/8 | €2,392 | €379 | -€2,014 | -84.2% |
| Non-recurring operating charges | 66A | €785 | - | -€785 | |
| Gross operating margin | 9900 | €40,003 | €27,029 | -€12,974 | -32.4% |
| Operating profit (loss) | 9901 | €24,920 | €5,423 | -€19,497 | -78.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,016 | €1,718 | +€703 | +69.2% |
| Recurring financial charges | 65 | €1,016 | €1,718 | +€703 | +69.2% |
| Profit (loss) for the period before taxes | 9903 | €23,905 | €3,705 | -€20,200 | -84.5% |
| Income taxes | 67/77 | €5,900 | €952 | -€4,948 | -83.9% |
| Profit (loss) for the period | 9904 | €18,005 | €2,753 | -€15,252 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,005 | €2,753 | -€15,252 | -84.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.