ADMIN LEUVEN: 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.
ADMIN LEUVEN
Largest movements
- Receivables after one year -€1.2m
down €1.2m (-73.7%), from €1.6m to €422,979
- Tangible fixed assets +€107,106
up €107,106 (+2210.9%), from €4,844 to €111,951
of which Furniture and vehicles: +€111,951
- Receivables within one year +€61,577
up €61,577 (+35.4%), from €173,972 to €235,550
of which Trade receivables: +€61,896
- Cash +€30,774
up €30,774 (+5196.4%), from €592 to €31,366
mainly Receivables after one year (+€1.2m) and Depreciation (+€29,349)
- Intangible fixed assets -€23,500
down €23,500 (-41.0%), from €57,250 to €33,750
- Other debts -€919,241
down €919,241 (-93.6%), from €982,162 to €62,921
- Profit (loss) carried forward -€39,533
down €39,533 (-76.4%), from €51,771 to €12,238
- Trade debts -€28,492
down €28,492 (-24.4%), from €116,624 to €88,132
- Tax, wage and social debts -€19,115
down €19,115 (-82.4%), from €23,187 to €4,072
of which Taxes: -€19,115
- Gross operating margin -€21,547
down €21,547, from €13,172 to -€8,375
- Depreciation +€5,221
up €5,221 (+21.6%), from €24,128 to €29,349
- Other operating charges -€5,110
down €5,110 (-36.9%), from €13,858 to €8,748
- Financial charges +€3,780
up €3,780 (+217.3%), from €1,740 to €5,520
- Financial income -€2,343
down €2,343 (-13.8%), from €16,997 to €14,654
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.
Cash bridge derived
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 | €1,854,886 | €848,423 | -€1.0m | -54.3% |
| Fixed assets | 21/28 | €62,094 | €145,701 | +€83,606 | +134.6% |
| Intangible fixed assets | 21 | €57,250 | €33,750 | -€23,500 | -41.0% |
| Tangible fixed assets | 22/27 | €4,844 | €111,951 | +€107,106 | +2210.9% |
| Furniture and vehicles | 24 | - | €111,951 | +€111,951 | |
| Other tangible fixed assets | 26 | €4,844 | €0 | -€4,844 | -100.0% |
| Current assets | 29/58 | €1,792,792 | €702,722 | -€1.1m | -60.8% |
| Amounts receivable after more than one year | 29 | €1,607,755 | €422,979 | -€1.2m | -73.7% |
| Other amounts receivable | 291 | €1,607,755 | €422,979 | -€1.2m | -73.7% |
| Amounts receivable within one year | 40/41 | €173,972 | €235,550 | +€61,577 | +35.4% |
| Trade receivables | 40 | €166,187 | €228,083 | +€61,896 | +37.2% |
| Other amounts receivable | 41 | €7,786 | €7,466 | -€319 | -4.1% |
| Cash at bank and in hand | 54/58 | €592 | €31,366 | +€30,774 | +5196.4% |
| Deferred charges and accrued income | 490/1 | €10,472 | €12,827 | +€2,355 | +22.5% |
| Total equity and liabilities | 10/49 | €1,854,886 | €848,423 | -€1.0m | -54.3% |
| Equity | 10/15 | €732,231 | €692,698 | -€39,533 | -5.4% |
| Contributions | 10/11 | €618,600 | €618,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Distributable reserves | 133 | €61,860 | €61,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,771 | €12,238 | -€39,533 | -76.4% |
| Amounts payable | 17/49 | €1,122,655 | €155,725 | -€966,930 | -86.1% |
| Amounts payable within one year | 42/48 | €1,121,973 | €155,125 | -€966,848 | -86.2% |
| Trade debts | 44 | €116,624 | €88,132 | -€28,492 | -24.4% |
| Suppliers | 440/4 | €116,624 | €88,132 | -€28,492 | -24.4% |
| Taxes, remuneration and social security | 45 | €23,187 | €4,072 | -€19,115 | -82.4% |
| Taxes | 450/3 | €23,187 | €4,072 | -€19,115 | -82.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €982,162 | €62,921 | -€919,241 | -93.6% |
| Accrued charges and deferred income | 492/3 | €683 | €600 | -€83 | -12.1% |
| Non-recurring operating income | 76A | €0 | €5,282 | +€5,282 | |
| Remuneration, social security and pensions | 62 | €1,774 | €1,585 | -€189 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,128 | €29,349 | +€5,221 | +21.6% |
| Other operating charges | 640/8 | €13,858 | €8,748 | -€5,110 | -36.9% |
| Gross operating margin | 9900 | €13,172 | -€8,375 | -€21,547 | |
| Operating profit (loss) | 9901 | -€26,588 | -€48,056 | -€21,468 | -80.7% |
| Financial income | 75/76B | €16,997 | €14,654 | -€2,343 | -13.8% |
| Recurring financial income | 75 | €16,997 | €14,654 | -€2,343 | -13.8% |
| Financial charges | 65/66B | €1,740 | €5,520 | +€3,780 | +217.3% |
| Recurring financial charges | 65 | €1,740 | €5,520 | +€3,780 | +217.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,331 | -€38,923 | -€27,592 | -243.5% |
| Income taxes | 67/77 | €0 | €610 | +€610 | |
| Profit (loss) for the period | 9904 | -€11,331 | -€39,533 | -€28,202 | -248.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,331 | -€39,533 | -€28,202 | -248.9% |
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 9 October 2026 via checked.be.