DE LEENHEER J.: 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 LEENHEER J.
Largest movements
- Cash +€148,455
up €148,455 (+1,076%), from €13,791 to €162,246
mainly Investment in fixed assets (net) (+€130,893) and Depreciation (+€46,150)
- Financial fixed assets -€134,000
no longer reported in 2025 (was €134,000)
- Tangible fixed assets -€43,043
down €43,043 (-5.7%), from €752,273 to €709,230
of which Land and buildings: -€23,150
- Reserves +€32,767
up €32,767 (+6.5%), from €507,367 to €540,134
- Other debts -€30,138
down €30,138 (-98.2%), from €30,687 to €549
- Current portion of long-term debt -€18,992
down €18,992 (-56.3%), from €33,709 to €14,718
- Debts after one year -€14,718
no longer reported in 2025 (was €14,718)
- Financial income +€12,512
up €12,512 (+62,558,350%), from €0 to €12,512
- Gross operating margin +€4,506
up €4,506 (+5.4%), from €83,235 to €87,740
- Taxes +€4,350
up €4,350 (+41.6%), from €10,452 to €14,802
- Financial charges -€3,369
down €3,369 (-54.8%), from €6,143 to €2,774
- Depreciation -€1,591
down €1,591 (-3.3%), from €47,741 to €46,150
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 | €900,063 | €872,726 | -€27,337 | -3.0% |
| Fixed assets | 21/28 | €886,273 | €709,230 | -€177,043 | -20.0% |
| Tangible fixed assets | 22/27 | €752,273 | €709,230 | -€43,043 | -5.7% |
| Land and buildings | 22 | €694,872 | €671,722 | -€23,150 | -3.3% |
| Furniture and vehicles | 24 | €57,401 | €37,508 | -€19,893 | -34.7% |
| Financial fixed assets | 28 | €134,000 | - | -€134,000 | |
| Current assets | 29/58 | €13,791 | €163,496 | +€149,705 | +1,086% |
| Amounts receivable within one year | 40/41 | - | €1,250 | +€1,250 | |
| Trade receivables | 40 | - | €1,250 | +€1,250 | |
| Cash at bank and in hand | 54/58 | €13,791 | €162,246 | +€148,455 | +1,076% |
| Total equity and liabilities | 10/49 | €900,063 | €872,726 | -€27,337 | -3.0% |
| Equity | 10/15 | €807,367 | €840,134 | +€32,767 | +4.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €507,367 | €540,134 | +€32,767 | +6.5% |
| Distributable reserves | 133 | €507,367 | €540,134 | +€32,767 | +6.5% |
| Amounts payable | 17/49 | €92,696 | €32,592 | -€60,104 | -64.8% |
| Amounts payable after more than one year | 17 | €14,718 | - | -€14,718 | |
| Financial debts | 170/4 | €14,718 | - | -€14,718 | |
| Amounts payable within one year | 42/48 | €75,150 | €30,346 | -€44,804 | -59.6% |
| Current portion of amounts payable after more than one year | 42 | €33,709 | €14,718 | -€18,992 | -56.3% |
| Trade debts | 44 | €97 | €817 | +€720 | +744% |
| Suppliers | 440/4 | €97 | €817 | +€720 | +744% |
| Taxes, remuneration and social security | 45 | €10,657 | €14,262 | +€3,606 | +33.8% |
| Taxes | 450/3 | €10,657 | €14,262 | +€3,606 | +33.8% |
| Other amounts payable | 47/48 | €30,687 | €549 | -€30,138 | -98.2% |
| Accrued charges and deferred income | 492/3 | €2,829 | €2,246 | -€583 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,741 | €46,150 | -€1,591 | -3.3% |
| Other operating charges | 640/8 | €3,707 | €3,760 | +€53 | +1.4% |
| Gross operating margin | 9900 | €83,235 | €87,740 | +€4,506 | +5.4% |
| Operating profit (loss) | 9901 | €31,787 | €37,831 | +€6,044 | +19.0% |
| Financial income | 75/76B | €0 | €12,512 | +€12,512 | +62,558,350% |
| Recurring financial income | 75 | €0 | €12,512 | +€12,512 | +62,558,350% |
| Financial charges | 65/66B | €6,143 | €2,774 | -€3,369 | -54.8% |
| Recurring financial charges | 65 | €6,143 | €2,774 | -€3,369 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | €25,644 | €47,568 | +€21,924 | +85.5% |
| Income taxes | 67/77 | €10,452 | €14,802 | +€4,350 | +41.6% |
| Profit (loss) for the period | 9904 | €15,192 | €32,767 | +€17,575 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €15,192 | €32,767 | +€17,575 | +116% |
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 23 October 2026 via checked.be.