LERA: 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.
LERA
Largest movements
- Receivables within one year -€16,918
down €16,918 (-50.8%), from €33,293 to €16,375
of which Trade receivables: -€10,778
- Cash +€13,791
up €13,791 (+12.3%), from €112,082 to €125,873
mainly Receivables within one year (+€16,918) and Net result for the year (+€15,700)
- Tax, wage and social debts -€17,442
down €17,442 (-38.7%), from €45,108 to €27,666
of which Taxes: -€17,609
- Profit (loss) carried forward +€15,700
up €15,700 (+15.3%), from €102,429 to €118,129
- Trade debts -€4,875
down €4,875 (-33.4%), from €14,616 to €9,741
- Turnover -€84,144
down €84,144 (-18.3%), from €460,423 to €376,279
- Purchases and services -€54,457
down €54,457 (-14.7%), from €370,439 to €315,982
- Gross operating margin -€41,737
down €41,737 (-36.4%), from €114,693 to €72,956
- Taxes -€17,609
down €17,609 (-75.2%), from €23,405 to €5,797
- Staff costs +€11,114
up €11,114 (+35.1%), from €31,694 to €42,807
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 | €176,709 | €172,434 | -€4,275 | -2.4% |
| Fixed assets | 21/28 | €31,334 | €30,186 | -€1,148 | -3.7% |
| Tangible fixed assets | 22/27 | €31,134 | €29,986 | -€1,148 | -3.7% |
| Land and buildings | 22 | €27,598 | €26,548 | -€1,050 | -3.8% |
| Plant, machinery and equipment | 23 | €62 | - | -€62 | |
| Furniture and vehicles | 24 | €3,474 | €3,437 | -€37 | -1.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €145,375 | €142,248 | -€3,127 | -2.2% |
| Amounts receivable within one year | 40/41 | €33,293 | €16,375 | -€16,918 | -50.8% |
| Trade receivables | 40 | €21,689 | €10,911 | -€10,778 | -49.7% |
| Other amounts receivable | 41 | €11,603 | €5,463 | -€6,140 | -52.9% |
| Cash at bank and in hand | 54/58 | €112,082 | €125,873 | +€13,791 | +12.3% |
| Total equity and liabilities | 10/49 | €176,709 | €172,434 | -€4,275 | -2.4% |
| Equity | 10/15 | €116,689 | €132,389 | +€15,700 | +13.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €102,429 | €118,129 | +€15,700 | +15.3% |
| Amounts payable | 17/49 | €60,020 | €40,045 | -€19,975 | -33.3% |
| Amounts payable within one year | 42/48 | €60,020 | €39,037 | -€20,983 | -35.0% |
| Trade debts | 44 | €14,616 | €9,741 | -€4,875 | -33.4% |
| Suppliers | 440/4 | €14,616 | €9,741 | -€4,875 | -33.4% |
| Taxes, remuneration and social security | 45 | €45,108 | €27,666 | -€17,442 | -38.7% |
| Taxes | 450/3 | €23,405 | €5,797 | -€17,609 | -75.2% |
| Remuneration and social security | 454/9 | €21,702 | €21,869 | +€167 | +0.8% |
| Other amounts payable | 47/48 | €296 | €1,630 | +€1,334 | +451% |
| Accrued charges and deferred income | 492/3 | - | €1,007 | +€1,007 | |
| Turnover | 70 | €460,423 | €376,279 | -€84,144 | -18.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €370,439 | €315,982 | -€54,457 | -14.7% |
| Remuneration, social security and pensions | 62 | €31,694 | €42,807 | +€11,114 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,680 | €2,577 | +€897 | +53.4% |
| Other operating charges | 640/8 | €5,024 | €2,155 | -€2,869 | -57.1% |
| Gross operating margin | 9900 | €114,693 | €72,956 | -€41,737 | -36.4% |
| Operating profit (loss) | 9901 | €76,295 | €25,416 | -€50,879 | -66.7% |
| Financial income | 75/76B | €47 | €307 | +€260 | +549% |
| Recurring financial income | 75 | €47 | €307 | +€260 | +549% |
| Financial charges | 65/66B | €4,600 | €4,227 | -€373 | -8.1% |
| Recurring financial charges | 65 | €4,600 | €4,227 | -€373 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €71,742 | €21,497 | -€50,245 | -70.0% |
| Income taxes | 67/77 | €23,405 | €5,797 | -€17,609 | -75.2% |
| Profit (loss) for the period | 9904 | €48,337 | €15,700 | -€32,637 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,337 | €15,700 | -€32,637 | -67.5% |
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 23 October 2026 via checked.be.