De Leet: 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 Leet
Largest movements
- Tangible fixed assets -€113,651
down €113,651 (-35.3%), from €321,936 to €208,286
- Current investments +€99,885
up €99,885 (+86,540%), from €115 to €100,000
- Cash -€79,585
down €79,585 (-94.3%), from €84,432 to €4,847
mainly Current investments (-€99,885) and Debts after one year (-€86,991)
- Receivables within one year +€60,484
up €60,484 (+35,642%), from €170 to €60,654
- Stocks and contracts -€8,995
down €8,995 (-100%), from €8,995 to €0
- Debts after one year -€86,991
down €86,991 (-40.4%), from €215,205 to €128,214
of which Financial debts: -€45,268
- Reserves +€39,248
up €39,248 (+43.0%), from €91,225 to €130,473
- Other debts +€20,876
up €20,876 (+424%), from €4,927 to €25,803
- Current portion of long-term debt -€10,956
down €10,956 (-19.5%), from €56,223 to €45,268
- Trade debts -€8,213
down €8,213 (-75.0%), from €10,949 to €2,736
- Staff costs -€34,199
down €34,199 (-78.3%), from €43,657 to €9,457
- Taxes +€13,637
up €13,637 (+155%), from €8,815 to €22,451
- Depreciation -€13,347
down €13,347 (-18.3%), from €73,123 to €59,777
- Gross operating margin +€4,403
up €4,403 (+2.6%), from €170,935 to €175,338
- Other operating charges -€3,467
down €3,467 (-40.1%), from €8,638 to €5,171
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 | €423,439 | €376,875 | -€46,564 | -11.0% |
| Fixed assets | 21/28 | €322,481 | €208,681 | -€113,801 | -35.3% |
| Tangible fixed assets | 22/27 | €321,936 | €208,286 | -€113,651 | -35.3% |
| Land and buildings | 22 | €143,742 | €119,667 | -€24,075 | -16.7% |
| Plant, machinery and equipment | 23 | €41,632 | €5,970 | -€35,663 | -85.7% |
| Furniture and vehicles | 24 | €40,137 | €2,413 | -€37,724 | -94.0% |
| Other tangible fixed assets | 26 | €96,425 | €80,237 | -€16,189 | -16.8% |
| Financial fixed assets | 28 | €545 | €395 | -€150 | -27.5% |
| Current assets | 29/58 | €100,957 | €168,194 | +€67,237 | +66.6% |
| Stocks and contracts in progress | 3 | €8,995 | €0 | -€8,995 | -100% |
| Stocks | 30/36 | €8,995 | €0 | -€8,995 | -100% |
| Amounts receivable within one year | 40/41 | €170 | €60,654 | +€60,484 | +35,642% |
| Other amounts receivable | 41 | €170 | €60,654 | +€60,484 | +35,642% |
| Current investments | 50/53 | €115 | €100,000 | +€99,885 | +86,540% |
| Cash at bank and in hand | 54/58 | €84,432 | €4,847 | -€79,585 | -94.3% |
| Deferred charges and accrued income | 490/1 | €7,245 | €2,693 | -€4,552 | -62.8% |
| Total equity and liabilities | 10/49 | €423,439 | €376,875 | -€46,564 | -11.0% |
| Equity | 10/15 | €126,225 | €165,473 | +€39,248 | +31.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €91,225 | €130,473 | +€39,248 | +43.0% |
| Distributable reserves | 133 | €91,225 | €130,473 | +€39,248 | +43.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €297,214 | €211,402 | -€85,812 | -28.9% |
| Amounts payable after more than one year | 17 | €215,205 | €128,214 | -€86,991 | -40.4% |
| Financial debts | 170/4 | €173,482 | €128,214 | -€45,268 | -26.1% |
| Other amounts payable | 178/9 | €41,723 | €0 | -€41,723 | -100% |
| Amounts payable within one year | 42/48 | €81,625 | €82,698 | +€1,074 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €56,223 | €45,268 | -€10,956 | -19.5% |
| Financial debts | 43 | - | €5,059 | +€5,059 | |
| Credit institutions | 430/8 | - | €5,059 | +€5,059 | |
| Trade debts | 44 | €10,949 | €2,736 | -€8,213 | -75.0% |
| Suppliers | 440/4 | €10,949 | €2,736 | -€8,213 | -75.0% |
| Taxes, remuneration and social security | 45 | €9,525 | €3,833 | -€5,693 | -59.8% |
| Taxes | 450/3 | €7,456 | €3,833 | -€3,623 | -48.6% |
| Remuneration and social security | 454/9 | €2,069 | €0 | -€2,069 | -100% |
| Other amounts payable | 47/48 | €4,927 | €25,803 | +€20,876 | +424% |
| Accrued charges and deferred income | 492/3 | €384 | €490 | +€106 | +27.5% |
| Non-recurring operating income | 76A | - | €166,592 | +€166,592 | |
| Remuneration, social security and pensions | 62 | €43,657 | €9,457 | -€34,199 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,123 | €59,777 | -€13,347 | -18.3% |
| Other operating charges | 640/8 | €8,638 | €5,171 | -€3,467 | -40.1% |
| Non-recurring operating charges | 66A | - | €8,466 | +€8,466 | |
| Gross operating margin | 9900 | €170,935 | €175,338 | +€4,403 | +2.6% |
| Operating profit (loss) | 9901 | €45,518 | €92,467 | +€46,950 | +103% |
| Financial income | 75/76B | €0 | €538 | +€538 | |
| Recurring financial income | 75 | €0 | €538 | +€538 | |
| Financial charges | 65/66B | €9,762 | €7,895 | -€1,867 | -19.1% |
| Recurring financial charges | 65 | €9,762 | €7,895 | -€1,867 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €35,755 | €85,110 | +€49,355 | +138% |
| Income taxes | 67/77 | €8,815 | €22,451 | +€13,637 | +155% |
| Profit (loss) for the period | 9904 | €26,941 | €62,659 | +€35,718 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €26,941 | €62,659 | +€35,718 | +133% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.