De Lei: what changed
Two fiscal 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 Lei
Largest movements
- Stocks and contracts +€71,363
up €71,363 (+52.9%), from €134,865 to €206,228
- Tangible fixed assets +€61,276
up €61,276 (+182.2%), from €33,637 to €94,913
of which Other tangible fixed assets: +€67,429
- Cash +€8,984
up €8,984 (+81.8%), from €10,981 to €19,966
mainly Debts after one year (+€57,205) and Current portion of long-term debt (+€40,037)
- Reserves +€75,783
up €75,783 (+1000.7%), from €7,573 to €83,356
- Debts after one year +€57,205
up €57,205 (+1575.2%), from €3,632 to €60,837
- Profit (loss) carried forward -€53,302
down €53,302 (-100.0%), from €53,302 to €0
- Current portion of long-term debt +€40,037
new in 2025: €40,037
- Other debts +€34,986
up €34,986 (+53.4%), from €65,503 to €100,489
- Turnover -€373,682
no longer reported in 2025 (was €373,682)
- Purchases and services -€347,369
no longer reported in 2025 (was €347,369)
- Gross operating margin +€85,095
up €85,095 (+323.4%), from €26,313 to €111,408
- Other operating charges +€64,039
up €64,039 (+9044.8%), from €708 to €64,747
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.
Cash bridge derived
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 | €213,316 | €353,209 | +€139,892 | +65.6% |
| Fixed assets | 21/28 | €33,637 | €94,913 | +€61,276 | +182.2% |
| Tangible fixed assets | 22/27 | €33,637 | €94,913 | +€61,276 | +182.2% |
| Plant, machinery and equipment | 23 | €2,830 | €3,123 | +€293 | +10.4% |
| Furniture and vehicles | 24 | €15,580 | €9,133 | -€6,447 | -41.4% |
| Other tangible fixed assets | 26 | €15,227 | €82,656 | +€67,429 | +442.8% |
| Current assets | 29/58 | €179,679 | €258,296 | +€78,617 | +43.8% |
| Stocks and contracts in progress | 3 | €134,865 | €206,228 | +€71,363 | +52.9% |
| Stocks | 30/36 | €134,865 | €206,228 | +€71,363 | +52.9% |
| Amounts receivable within one year | 40/41 | €33,281 | €31,455 | -€1,826 | -5.5% |
| Trade receivables | 40 | €26,695 | €20,303 | -€6,392 | -23.9% |
| Other amounts receivable | 41 | €6,586 | €11,152 | +€4,566 | +69.3% |
| Cash at bank and in hand | 54/58 | €10,981 | €19,966 | +€8,984 | +81.8% |
| Deferred charges and accrued income | 490/1 | €552 | €647 | +€95 | +17.3% |
| Total equity and liabilities | 10/49 | €213,316 | €353,209 | +€139,892 | +65.6% |
| Equity | 10/15 | €63,875 | €86,356 | +€22,481 | +35.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,573 | €83,356 | +€75,783 | +1000.7% |
| Distributable reserves | 133 | €7,573 | €83,356 | +€75,783 | +1000.7% |
| Profit (loss) carried forward | 14 | €53,302 | €0 | -€53,302 | -100.0% |
| Amounts payable | 17/49 | €149,441 | €266,853 | +€117,412 | +78.6% |
| Amounts payable after more than one year | 17 | €3,632 | €60,837 | +€57,205 | +1575.2% |
| Financial debts | 170/4 | €3,632 | €60,837 | +€57,205 | +1575.2% |
| Amounts payable within one year | 42/48 | €145,809 | €205,955 | +€60,145 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | - | €40,037 | +€40,037 | |
| Financial debts | 43 | €26,697 | - | -€26,697 | |
| Credit institutions | 430/8 | €26,697 | - | -€26,697 | |
| Trade debts | 44 | €35,272 | €44,370 | +€9,099 | +25.8% |
| Suppliers | 440/4 | €35,272 | €44,370 | +€9,099 | +25.8% |
| Taxes, remuneration and social security | 45 | €18,337 | €21,058 | +€2,720 | +14.8% |
| Taxes | 450/3 | €18,337 | €21,058 | +€2,720 | +14.8% |
| Other amounts payable | 47/48 | €65,503 | €100,489 | +€34,986 | +53.4% |
| Accrued charges and deferred income | 492/3 | - | €61 | +€61 | |
| Turnover | 70 | €373,682 | - | -€373,682 | |
| Goods, raw materials, services and sundry goods | 60/61 | €347,369 | - | -€347,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,405 | €12,554 | +€3,150 | +33.5% |
| Other operating charges | 640/8 | €708 | €64,747 | +€64,039 | +9044.8% |
| Gross operating margin | 9900 | €26,313 | €111,408 | +€85,095 | +323.4% |
| Operating profit (loss) | 9901 | €16,200 | €34,107 | +€17,906 | +110.5% |
| Financial income | 75/76B | €127 | €452 | +€325 | +256.4% |
| Recurring financial income | 75 | €127 | €452 | +€325 | +256.4% |
| Financial charges | 65/66B | €3,655 | €6,643 | +€2,988 | +81.7% |
| Recurring financial charges | 65 | €3,655 | €6,643 | +€2,988 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | €12,672 | €27,915 | +€15,243 | +120.3% |
| Income taxes | 67/77 | €3,738 | €5,434 | +€1,697 | +45.4% |
| Profit (loss) for the period | 9904 | €8,934 | €22,481 | +€13,547 | +151.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,934 | €22,481 | +€13,547 | +151.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.