3 Leien Stables: 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.
3 Leien Stables
Largest movements
- Stocks and contracts -€250,000
down €250,000 (-37.1%), from €673,000 to €423,000
- Tangible fixed assets -€65,478
down €65,478 (-7.4%), from €881,456 to €815,977
of which Land and buildings: -€50,612
- Profit (loss) carried forward -€332,521
down €332,521 (-169%), from -€196,628 to -€529,149
- Other debts +€99,963
up €99,963 (+9.4%), from €1.1m to €1.2m
- Debts after one year -€81,250
down €81,250 (-12.7%), from €637,500 to €556,250
- Advances received -€21,000
down €21,000 (-100%), from €21,000 to €0
- Trade debts +€16,505
up €16,505 (+360%), from €4,578 to €21,083
- Gross operating margin -€233,559
down €233,559, from €2,151 to -€231,408
- Depreciation -€3,173
down €3,173 (-3.7%), from €85,813 to €82,640
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 | €1,584,128 | €1,255,167 | -€328,961 | -20.8% |
| Fixed assets | 21/28 | €881,456 | €815,977 | -€65,478 | -7.4% |
| Tangible fixed assets | 22/27 | €881,456 | €815,977 | -€65,478 | -7.4% |
| Land and buildings | 22 | €826,047 | €775,435 | -€50,612 | -6.1% |
| Plant, machinery and equipment | 23 | €28,270 | €9,123 | -€19,147 | -67.7% |
| Furniture and vehicles | 24 | €27,139 | €31,419 | +€4,280 | +15.8% |
| Current assets | 29/58 | €702,672 | €439,190 | -€263,482 | -37.5% |
| Stocks and contracts in progress | 3 | €673,000 | €423,000 | -€250,000 | -37.1% |
| Stocks | 30/36 | €673,000 | €423,000 | -€250,000 | -37.1% |
| Amounts receivable within one year | 40/41 | €26,383 | €15,291 | -€11,092 | -42.0% |
| Trade receivables | 40 | €26,183 | €10,243 | -€15,940 | -60.9% |
| Other amounts receivable | 41 | €200 | €5,048 | +€4,848 | +2,419% |
| Cash at bank and in hand | 54/58 | €1,596 | €411 | -€1,185 | -74.2% |
| Deferred charges and accrued income | 490/1 | €1,693 | €488 | -€1,205 | -71.2% |
| Total equity and liabilities | 10/49 | €1,584,128 | €1,255,167 | -€328,961 | -20.8% |
| Equity | 10/15 | -€194,128 | -€526,649 | -€332,521 | -171% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,628 | -€529,149 | -€332,521 | -169% |
| Amounts payable | 17/49 | €1,778,256 | €1,781,816 | +€3,560 | +0.2% |
| Amounts payable after more than one year | 17 | €637,500 | €556,250 | -€81,250 | -12.7% |
| Financial debts | 170/4 | €637,500 | €556,250 | -€81,250 | -12.7% |
| Amounts payable within one year | 42/48 | €1,134,792 | €1,220,187 | +€85,396 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €47,500 | €37,500 | -€10,000 | -21.1% |
| Financial debts | 43 | €25 | €0 | -€25 | -100% |
| Credit institutions | 430/8 | €25 | €0 | -€25 | -100% |
| Trade debts | 44 | €4,578 | €21,083 | +€16,505 | +360% |
| Suppliers | 440/4 | €4,578 | €21,083 | +€16,505 | +360% |
| Advances received on contracts in progress | 46 | €21,000 | €0 | -€21,000 | -100% |
| Taxes, remuneration and social security | 45 | €55 | €8 | -€47 | -85.3% |
| Taxes | 450/3 | €55 | €8 | -€47 | -85.3% |
| Other amounts payable | 47/48 | €1,061,633 | €1,161,596 | +€99,963 | +9.4% |
| Accrued charges and deferred income | 492/3 | €5,965 | €5,379 | -€586 | -9.8% |
| Non-recurring operating income | 76A | - | €9,099 | +€9,099 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,813 | €82,640 | -€3,173 | -3.7% |
| Other operating charges | 640/8 | €7,114 | €7,761 | +€646 | +9.1% |
| Gross operating margin | 9900 | €2,151 | -€231,408 | -€233,559 | |
| Operating profit (loss) | 9901 | -€90,777 | -€321,809 | -€231,032 | -255% |
| Financial income | 75/76B | €31 | €111 | +€80 | +256% |
| Recurring financial income | 75 | €31 | €111 | +€80 | +256% |
| Financial charges | 65/66B | €9,565 | €10,823 | +€1,258 | +13.2% |
| Recurring financial charges | 65 | €9,565 | €10,823 | +€1,258 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€100,310 | -€332,521 | -€232,211 | -231% |
| Profit (loss) for the period | 9904 | -€100,310 | -€332,521 | -€232,211 | -231% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,310 | -€332,521 | -€232,211 | -231% |
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 19 October 2026 via checked.be.