DE LEERSNYDER: 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 LEERSNYDER
Largest movements
- Tangible fixed assets -€96,271
down €96,271 (-21.4%), from €449,979 to €353,708
of which Plant, machinery and equipment: -€87,109
- Cash +€70,849
up €70,849 (+19.6%), from €361,651 to €432,499
mainly Depreciation (+€96,271) and Net result for the year (+€60,633)
- Current investments +€40,000
new in 2025: €40,000
- Stocks and contracts -€32,583
down €32,583 (-58.7%), from €55,532 to €22,949
- Reserves +€51,633
up €51,633 (+11.6%), from €443,896 to €495,529
of which Distributable reserves: +€56,633
- Current portion of long-term debt -€40,000
down €40,000 (-58.3%), from €68,571 to €28,571
- Debts after one year -€28,571
down €28,571 (-25.0%), from €114,287 to €85,716
- Tax, wage and social debts +€13,922
up €13,922 (+310%), from €4,497 to €18,418
- Gross operating margin +€46,897
up €46,897 (+35.2%), from €133,087 to €179,984
- Taxes +€12,685
up €12,685 (+130%), from €9,784 to €22,469
- Other operating charges -€2,933
down €2,933 (-43.4%), from €6,761 to €3,827
- Financial income +€2,042
up €2,042 (+68.7%), from €2,971 to €5,014
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 | €874,029 | €863,151 | -€10,878 | -1.2% |
| Fixed assets | 21/28 | €450,330 | €354,059 | -€96,271 | -21.4% |
| Tangible fixed assets | 22/27 | €449,979 | €353,708 | -€96,271 | -21.4% |
| Land and buildings | 22 | €54,063 | €45,090 | -€8,973 | -16.6% |
| Plant, machinery and equipment | 23 | €395,410 | €308,301 | -€87,109 | -22.0% |
| Furniture and vehicles | 24 | €505 | €317 | -€188 | -37.3% |
| Financial fixed assets | 28 | €351 | €351 | = | 0.0% |
| Current assets | 29/58 | €423,700 | €509,093 | +€85,393 | +20.2% |
| Stocks and contracts in progress | 3 | €55,532 | €22,949 | -€32,583 | -58.7% |
| Stocks | 30/36 | €55,532 | €22,949 | -€32,583 | -58.7% |
| Amounts receivable within one year | 40/41 | €6,160 | €12,047 | +€5,887 | +95.6% |
| Trade receivables | 40 | €6,160 | €12,047 | +€5,887 | +95.6% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €361,651 | €432,499 | +€70,849 | +19.6% |
| Deferred charges and accrued income | 490/1 | €357 | €1,597 | +€1,240 | +348% |
| Total equity and liabilities | 10/49 | €874,029 | €863,151 | -€10,878 | -1.2% |
| Equity | 10/15 | €490,801 | €542,434 | +€51,633 | +10.5% |
| Contributions | 10/11 | €22,960 | €22,960 | = | 0.0% |
| Reserves | 13 | €443,896 | €495,529 | +€51,633 | +11.6% |
| Tax-exempt reserves | 132 | €26,151 | €21,151 | -€5,000 | -19.1% |
| Distributable reserves | 133 | €417,745 | €474,379 | +€56,633 | +13.6% |
| Profit (loss) carried forward | 14 | €23,945 | €23,945 | = | 0.0% |
| Provisions and deferred taxes | 16 | €6,538 | €5,288 | -€1,250 | -19.1% |
| Deferred taxes | 168 | €6,538 | €5,288 | -€1,250 | -19.1% |
| Amounts payable | 17/49 | €376,691 | €315,429 | -€61,261 | -16.3% |
| Amounts payable after more than one year | 17 | €114,287 | €85,716 | -€28,571 | -25.0% |
| Financial debts | 170/4 | €114,287 | €85,716 | -€28,571 | -25.0% |
| Amounts payable within one year | 42/48 | €262,404 | €229,713 | -€32,690 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €68,571 | €28,571 | -€40,000 | -58.3% |
| Trade debts | 44 | €2,853 | €854 | -€1,999 | -70.1% |
| Suppliers | 440/4 | €2,853 | €854 | -€1,999 | -70.1% |
| Taxes, remuneration and social security | 45 | €4,497 | €18,418 | +€13,922 | +310% |
| Taxes | 450/3 | €4,497 | €18,418 | +€13,922 | +310% |
| Other amounts payable | 47/48 | €186,483 | €181,870 | -€4,614 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,702 | €96,271 | -€431 | -0.4% |
| Other operating charges | 640/8 | €6,761 | €3,827 | -€2,933 | -43.4% |
| Gross operating margin | 9900 | €133,087 | €179,984 | +€46,897 | +35.2% |
| Operating profit (loss) | 9901 | €29,624 | €79,886 | +€50,261 | +170% |
| Financial income | 75/76B | €2,971 | €5,014 | +€2,042 | +68.7% |
| Recurring financial income | 75 | €2,971 | €5,014 | +€2,042 | +68.7% |
| Financial charges | 65/66B | €4,032 | €3,047 | -€985 | -24.4% |
| Recurring financial charges | 65 | €4,032 | €3,047 | -€985 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €28,564 | €81,852 | +€53,289 | +187% |
| Transfer from deferred taxes | 780 | €1,250 | €1,250 | = | 0.0% |
| Income taxes | 67/77 | €9,784 | €22,469 | +€12,685 | +130% |
| Profit (loss) for the period | 9904 | €20,030 | €60,633 | +€40,604 | +203% |
| Transfer from tax-exempt reserves | 789 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,030 | €65,633 | +€40,604 | +162% |
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.