DE LEEUWERIK: 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 LEEUWERIK
Largest movements
- Current investments -€811,173
down €811,173 (-52.2%), from €1.6m to €741,398
- Cash +€539,045
up €539,045 (+304%), from €177,133 to €716,179
mainly Current investments (+€811,173) and Trade debts (+€31,328)
- Tangible fixed assets +€150,782
up €150,782 (+829%), from €18,198 to €168,980
of which Assets under construction and advance payments: +€150,782
- Receivables within one year +€19,852
up €19,852 (+4,469%), from €444 to €20,296
of which Other amounts receivable: +€18,042
- Reserves -€135,674
down €135,674 (-8.4%), from €1.6m to €1.5m
of which Distributable reserves: -€135,674
- Trade debts +€31,328
up €31,328, from €0 to €31,328
- Gross operating margin -€679,036
down €679,036, from €661,005 to -€18,031
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,748,347 | €1,647,160 | -€101,187 | -5.8% |
| Fixed assets | 21/28 | €18,198 | €168,980 | +€150,782 | +829% |
| Tangible fixed assets | 22/27 | €18,198 | €168,980 | +€150,782 | +829% |
| Land and buildings | 22 | €18,198 | €18,198 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | - | €150,782 | +€150,782 | |
| Current assets | 29/58 | €1,730,149 | €1,478,180 | -€251,969 | -14.6% |
| Amounts receivable within one year | 40/41 | €444 | €20,296 | +€19,852 | +4,469% |
| Trade receivables | 40 | €0 | €1,810 | +€1,810 | |
| Other amounts receivable | 41 | €444 | €18,487 | +€18,042 | +4,062% |
| Current investments | 50/53 | €1,552,572 | €741,398 | -€811,173 | -52.2% |
| Cash at bank and in hand | 54/58 | €177,133 | €716,179 | +€539,045 | +304% |
| Deferred charges and accrued income | 490/1 | €0 | €307 | +€307 | |
| Total equity and liabilities | 10/49 | €1,748,347 | €1,647,160 | -€101,187 | -5.8% |
| Equity | 10/15 | €1,565,544 | €1,433,726 | -€131,818 | -8.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,610,595 | €1,474,921 | -€135,674 | -8.4% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €546,318 | €546,318 | = | 0.0% |
| Distributable reserves | 133 | €1,062,377 | €926,703 | -€135,674 | -12.8% |
| Profit (loss) carried forward | 14 | -€64,051 | -€60,195 | +€3,856 | +6.0% |
| Provisions and deferred taxes | 16 | €182,106 | €182,106 | = | 0.0% |
| Deferred taxes | 168 | €182,106 | €182,106 | = | 0.0% |
| Amounts payable | 17/49 | €697 | €31,328 | +€30,631 | +4,398% |
| Amounts payable within one year | 42/48 | €472 | €31,328 | +€30,856 | +6,544% |
| Trade debts | 44 | €0 | €31,328 | +€31,328 | |
| Suppliers | 440/4 | €0 | €31,328 | +€31,328 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €472 | €0 | -€472 | -100% |
| Accrued charges and deferred income | 492/3 | €225 | €0 | -€225 | -100% |
| Non-recurring operating income | 76A | €739,611 | €0 | -€739,611 | -100% |
| Remuneration, social security and pensions | 62 | €3,817 | -€655 | -€4,471 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €4,508 | €3,794 | -€714 | -15.8% |
| Gross operating margin | 9900 | €661,005 | -€18,031 | -€679,036 | |
| Operating profit (loss) | 9901 | €652,680 | -€21,171 | -€673,851 | |
| Financial income | 75/76B | €20,335 | €26,191 | +€5,856 | +28.8% |
| Recurring financial income | 75 | €20,335 | €26,191 | +€5,856 | +28.8% |
| Financial charges | 65/66B | €2,740 | €1,164 | -€1,576 | -57.5% |
| Recurring financial charges | 65 | €2,740 | €1,164 | -€1,576 | -57.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €670,275 | €3,856 | -€666,419 | -99.4% |
| Transfer to deferred taxes | 680 | €182,106 | €0 | -€182,106 | -100% |
| Income taxes | 67/77 | €5,901 | €0 | -€5,901 | -100% |
| Profit (loss) for the period | 9904 | €482,267 | €3,856 | -€478,411 | -99.2% |
| Transfer to tax-exempt reserves | 689 | €546,318 | €0 | -€546,318 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,051 | €3,856 | +€67,907 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.