LESST: 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.
LESST
Largest movements
- Current investments -€64,660
down €64,660 (-30.1%), from €214,660 to €150,000
- Tangible fixed assets -€57,616
down €57,616 (-15.5%), from €372,396 to €314,781
of which Furniture and vehicles: -€29,725
- Cash +€42,337
up €42,337 (+71.9%), from €58,916 to €101,253
mainly Net result for the year (+€70,705) and Current investments (+€64,660)
- Receivables within one year +€41,783
up €41,783 (+501%), from €8,342 to €50,125
of which Other amounts receivable: +€41,904
- Debts after one year -€21,227
down €21,227 (-17.4%), from €121,927 to €100,700
- Other debts -€11,054
down €11,054 (-100%), from €11,054 to €0
- Gross operating margin -€42,447
down €42,447 (-24.3%), from €174,649 to €132,202
- Taxes -€10,770
down €10,770 (-27.7%), from €38,815 to €28,045
- Depreciation -€5,970
down €5,970 (-13.4%), from €44,664 to €38,694
- Financial income +€4,874
up €4,874 (+65.6%), from €7,431 to €12,305
of which Financial income: +€6,359
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 | €695,713 | €655,704 | -€40,009 | -5.8% |
| Fixed assets | 21/28 | €372,396 | €314,781 | -€57,616 | -15.5% |
| Tangible fixed assets | 22/27 | €372,396 | €314,781 | -€57,616 | -15.5% |
| Land and buildings | 22 | €312,181 | €285,595 | -€26,586 | -8.5% |
| Plant, machinery and equipment | 23 | €2,865 | €2,093 | -€772 | -26.9% |
| Furniture and vehicles | 24 | €55,753 | €26,028 | -€29,725 | -53.3% |
| Other tangible fixed assets | 26 | €1,597 | €1,065 | -€532 | -33.3% |
| Current assets | 29/58 | €323,316 | €340,923 | +€17,607 | +5.4% |
| Amounts receivable after more than one year | 29 | €37,500 | €37,500 | = | 0.0% |
| Other amounts receivable | 291 | €37,500 | €37,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,342 | €50,125 | +€41,783 | +501% |
| Trade receivables | 40 | €306 | €184 | -€122 | -39.8% |
| Other amounts receivable | 41 | €8,036 | €49,941 | +€41,904 | +521% |
| Current investments | 50/53 | €214,660 | €150,000 | -€64,660 | -30.1% |
| Cash at bank and in hand | 54/58 | €58,916 | €101,253 | +€42,337 | +71.9% |
| Deferred charges and accrued income | 490/1 | €3,898 | €2,045 | -€1,853 | -47.5% |
| Total equity and liabilities | 10/49 | €695,713 | €655,704 | -€40,009 | -5.8% |
| Equity | 10/15 | €506,569 | €503,984 | -€2,585 | -0.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €505,569 | €502,984 | -€2,585 | -0.5% |
| Distributable reserves | 133 | €505,569 | €502,984 | -€2,585 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €189,143 | €151,719 | -€37,424 | -19.8% |
| Amounts payable after more than one year | 17 | €121,927 | €100,700 | -€21,227 | -17.4% |
| Financial debts | 170/4 | €121,927 | €100,700 | -€21,227 | -17.4% |
| Amounts payable within one year | 42/48 | €67,216 | €51,019 | -€16,197 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €25,990 | €21,227 | -€4,763 | -18.3% |
| Trade debts | 44 | €9,021 | €5,011 | -€4,010 | -44.4% |
| Suppliers | 440/4 | €9,021 | €5,011 | -€4,010 | -44.4% |
| Taxes, remuneration and social security | 45 | €21,152 | €24,781 | +€3,629 | +17.2% |
| Taxes | 450/3 | €21,152 | €24,781 | +€3,629 | +17.2% |
| Other amounts payable | 47/48 | €11,054 | €0 | -€11,054 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,664 | €38,694 | -€5,970 | -13.4% |
| Other operating charges | 640/8 | €4,592 | €5,417 | +€825 | +18.0% |
| Gross operating margin | 9900 | €174,649 | €132,202 | -€42,447 | -24.3% |
| Operating profit (loss) | 9901 | €125,393 | €88,091 | -€37,302 | -29.7% |
| Financial income | 75/76B | €7,431 | €12,305 | +€4,874 | +65.6% |
| Recurring financial income | 75 | €5,946 | €12,305 | +€6,359 | +107% |
| Non-recurring financial income | 76B | €1,485 | €0 | -€1,485 | -100% |
| Financial charges | 65/66B | €2,141 | €1,646 | -€496 | -23.2% |
| Recurring financial charges | 65 | €2,141 | €1,646 | -€496 | -23.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €130,683 | €98,750 | -€31,933 | -24.4% |
| Income taxes | 67/77 | €38,815 | €28,045 | -€10,770 | -27.7% |
| Profit (loss) for the period | 9904 | €91,868 | €70,705 | -€21,163 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,868 | €70,705 | -€21,163 | -23.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.