ALEXANDRE LEEMANS: 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.
ALEXANDRE LEEMANS
Largest movements
- Tangible fixed assets -€10,518
down €10,518 (-23.3%), from €45,229 to €34,711
of which Leasing and similar rights: -€11,097
- Cash +€7,260
up €7,260 (+21.8%), from €33,240 to €40,500
mainly Depreciation (+€11,935) and Net result for the year (+€8,104)
- Receivables within one year +€1,378
up €1,378 (+10.7%), from €12,923 to €14,301
of which Other amounts receivable: +€3,033
- Debts after one year -€11,044
down €11,044 (-33.4%), from €33,100 to €22,056
- Reserves +€7,000
up €7,000 (+21.9%), from €31,900 to €38,900
- Tax, wage and social debts +€2,188
up €2,188 (+118.7%), from €1,843 to €4,031
- Gross operating margin -€3,771
down €3,771 (-12.7%), from €29,754 to €25,983
- Taxes -€1,099
down €1,099 (-27.2%), from €4,039 to €2,940
- Financial charges -€464
down €464 (-19.3%), from €2,405 to €1,941
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 | €91,572 | €89,691 | -€1,881 | -2.1% |
| Fixed assets | 21/28 | €45,229 | €34,711 | -€10,518 | -23.3% |
| Tangible fixed assets | 22/27 | €45,229 | €34,711 | -€10,518 | -23.3% |
| Furniture and vehicles | 24 | €2,269 | €2,848 | +€580 | +25.5% |
| Leasing and similar rights | 25 | €42,960 | €31,863 | -€11,097 | -25.8% |
| Current assets | 29/58 | €46,343 | €54,980 | +€8,637 | +18.6% |
| Amounts receivable within one year | 40/41 | €12,923 | €14,301 | +€1,378 | +10.7% |
| Trade receivables | 40 | €6,782 | €5,127 | -€1,656 | -24.4% |
| Other amounts receivable | 41 | €6,141 | €9,174 | +€3,033 | +49.4% |
| Cash at bank and in hand | 54/58 | €33,240 | €40,500 | +€7,260 | +21.8% |
| Deferred charges and accrued income | 490/1 | €179 | €179 | = | 0.0% |
| Total equity and liabilities | 10/49 | €91,572 | €89,691 | -€1,881 | -2.1% |
| Equity | 10/15 | €37,214 | €44,518 | +€7,304 | +19.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,900 | €38,900 | +€7,000 | +21.9% |
| Distributable reserves | 133 | €31,900 | €38,900 | +€7,000 | +21.9% |
| Profit (loss) carried forward | 14 | €314 | €618 | +€304 | +96.9% |
| Amounts payable | 17/49 | €54,358 | €45,174 | -€9,185 | -16.9% |
| Amounts payable after more than one year | 17 | €33,100 | €22,056 | -€11,044 | -33.4% |
| Financial debts | 170/4 | €33,100 | €22,056 | -€11,044 | -33.4% |
| Amounts payable within one year | 42/48 | €21,258 | €23,118 | +€1,860 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €10,587 | €11,044 | +€457 | +4.3% |
| Trade debts | 44 | €545 | €555 | +€11 | +2.0% |
| Suppliers | 440/4 | €545 | €555 | +€11 | +2.0% |
| Taxes, remuneration and social security | 45 | €1,843 | €4,031 | +€2,188 | +118.7% |
| Taxes | 450/3 | €1,843 | €4,031 | +€2,188 | +118.7% |
| Other amounts payable | 47/48 | €8,283 | €7,487 | -€796 | -9.6% |
| Remuneration, social security and pensions | 62 | €970 | €767 | -€202 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,905 | €11,935 | +€30 | +0.3% |
| Other operating charges | 640/8 | €396 | €296 | -€100 | -25.2% |
| Gross operating margin | 9900 | €29,754 | €25,983 | -€3,771 | -12.7% |
| Operating profit (loss) | 9901 | €16,484 | €12,985 | -€3,499 | -21.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,405 | €1,941 | -€464 | -19.3% |
| Recurring financial charges | 65 | €2,405 | €1,941 | -€464 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €14,079 | €11,044 | -€3,035 | -21.6% |
| Income taxes | 67/77 | €4,039 | €2,940 | -€1,099 | -27.2% |
| Profit (loss) for the period | 9904 | €10,040 | €8,104 | -€1,936 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,040 | €8,104 | -€1,936 | -19.3% |
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 12 October 2026 via checked.be.