DE LEENHAAG: 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.
DE LEENHAAG
Largest movements
- Tangible fixed assets +€120,081
up €120,081 (+4,163%), from €2,885 to €122,965
of which Other tangible fixed assets: +€112,583
- Receivables within one year -€8,946
down €8,946 (-73.3%), from €12,201 to €3,256
of which Trade receivables: -€6,413
- Deferred charges and accrued income +€8,080
up €8,080 (+272%), from €2,970 to €11,050
- Cash +€1,936
up €1,936 (+298%), from €650 to €2,586
mainly Trade debts (+€111,462) and Other debts (+€15,030)
- Trade debts +€111,462
up €111,462 (+1,715%), from €6,498 to €117,960
- Profit (loss) carried forward -€17,268
down €17,268, from €12,503 to -€4,765
- Other debts +€15,030
up €15,030 (+109%), from €13,843 to €28,872
- Tax, wage and social debts +€12,156
up €12,156 (+148%), from €8,201 to €20,357
of which Remuneration and social security: +€8,000
- Gross operating margin -€36,235
down €36,235, from €21,333 to -€14,902
- Taxes -€4,045
down €4,045 (-96.3%), from €4,201 to €156
- Financial charges -€1,680
down €1,680 (-59.7%), from €2,814 to €1,134
- Depreciation -€525
no longer reported in 2025 (was €525)
- Other operating charges -€214
down €214 (-16.6%), from €1,290 to €1,076
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 | €47,573 | €168,724 | +€121,151 | +255% |
| Fixed assets | 21/28 | €4,891 | €124,972 | +€120,081 | +2,455% |
| Intangible fixed assets | 21 | €2,006 | €2,006 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,885 | €122,965 | +€120,081 | +4,163% |
| Plant, machinery and equipment | 23 | €1,893 | €9,390 | +€7,497 | +396% |
| Furniture and vehicles | 24 | €992 | €992 | = | 0.0% |
| Other tangible fixed assets | 26 | - | €112,583 | +€112,583 | |
| Current assets | 29/58 | €42,682 | €43,752 | +€1,070 | +2.5% |
| Stocks and contracts in progress | 3 | €26,861 | €26,861 | = | 0.0% |
| Stocks | 30/36 | €26,861 | €26,861 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,201 | €3,256 | -€8,946 | -73.3% |
| Trade receivables | 40 | €7,093 | €680 | -€6,413 | -90.4% |
| Other amounts receivable | 41 | €5,108 | €2,576 | -€2,532 | -49.6% |
| Cash at bank and in hand | 54/58 | €650 | €2,586 | +€1,936 | +298% |
| Deferred charges and accrued income | 490/1 | €2,970 | €11,050 | +€8,080 | +272% |
| Total equity and liabilities | 10/49 | €47,573 | €168,724 | +€121,151 | +255% |
| Equity | 10/15 | €18,803 | €1,535 | -€17,268 | -91.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,503 | -€4,765 | -€17,268 | |
| Amounts payable | 17/49 | €28,770 | €167,189 | +€138,419 | +481% |
| Amounts payable within one year | 42/48 | €28,542 | €167,189 | +€138,647 | +486% |
| Trade debts | 44 | €6,498 | €117,960 | +€111,462 | +1,715% |
| Suppliers | 440/4 | €6,498 | €117,960 | +€111,462 | +1,715% |
| Taxes, remuneration and social security | 45 | €8,201 | €20,357 | +€12,156 | +148% |
| Taxes | 450/3 | €4,201 | €8,357 | +€4,156 | +98.9% |
| Remuneration and social security | 454/9 | €4,000 | €12,000 | +€8,000 | +200% |
| Other amounts payable | 47/48 | €13,843 | €28,872 | +€15,030 | +109% |
| Accrued charges and deferred income | 492/3 | €228 | - | -€228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | - | -€525 | |
| Other operating charges | 640/8 | €1,290 | €1,076 | -€214 | -16.6% |
| Gross operating margin | 9900 | €21,333 | -€14,902 | -€36,235 | |
| Operating profit (loss) | 9901 | €19,518 | -€15,978 | -€35,497 | |
| Financial charges | 65/66B | €2,814 | €1,134 | -€1,680 | -59.7% |
| Recurring financial charges | 65 | €2,814 | €1,134 | -€1,680 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €16,704 | -€17,112 | -€33,817 | |
| Income taxes | 67/77 | €4,201 | €156 | -€4,045 | -96.3% |
| Profit (loss) for the period | 9904 | €12,503 | -€17,268 | -€29,772 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,503 | -€17,268 | -€29,772 |
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 30 October 2026 via checked.be.