De Rector Leuven: 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 Rector Leuven
Largest movements
- Receivables within one year +€250,316
up €250,316 (+139%), from €179,708 to €430,024
of which Other amounts receivable: +€251,678
- Cash -€80,502
down €80,502 (-99.3%), from €81,092 to €590
mainly Receivables within one year (-€250,316) and Net result for the year (-€45,341)
- Stocks and contracts -€20,285
down €20,285 (-33.1%), from €61,320 to €41,035
- Tangible fixed assets -€13,344
down €13,344 (-23.1%), from €57,665 to €44,321
of which Furniture and vehicles: -€7,746
- Intangible fixed assets -€8,000
down €8,000 (-34.3%), from €23,333 to €15,333
- Tax, wage and social debts +€134,613
up €134,613 (+167%), from €80,769 to €215,382
of which Taxes: +€93,162
- Trade debts +€122,957
up €122,957 (+114%), from €108,118 to €231,075
- Profit (loss) carried forward -€45,341
down €45,341 (-40.6%), from -€111,739 to -€157,079
- Debts after one year -€37,097
down €37,097 (-33.4%), from €110,989 to €73,892
- Accrued charges and deferred income -€31,511
down €31,511 (-82.7%), from €38,111 to €6,599
- Gross operating margin -€192,180
down €192,180 (-37.5%), from €512,416 to €320,236
- Staff costs -€152,558
down €152,558 (-34.1%), from €447,468 to €294,911
- Financial charges +€29,732
up €29,732 (+198%), from €14,991 to €44,722
- Depreciation -€8,681
down €8,681 (-27.1%), from €31,975 to €23,294
- Financial income +€7,710
up €7,710 (+126%), from €6,113 to €13,823
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 | €403,952 | €531,819 | +€127,867 | +31.7% |
| Fixed assets | 21/28 | €80,999 | €59,655 | -€21,344 | -26.4% |
| Intangible fixed assets | 21 | €23,333 | €15,333 | -€8,000 | -34.3% |
| Tangible fixed assets | 22/27 | €57,665 | €44,321 | -€13,344 | -23.1% |
| Plant, machinery and equipment | 23 | €11,422 | €9,981 | -€1,441 | -12.6% |
| Furniture and vehicles | 24 | €16,807 | €9,061 | -€7,746 | -46.1% |
| Other tangible fixed assets | 26 | €29,437 | €25,279 | -€4,157 | -14.1% |
| Current assets | 29/58 | €322,954 | €472,165 | +€149,211 | +46.2% |
| Stocks and contracts in progress | 3 | €61,320 | €41,035 | -€20,285 | -33.1% |
| Stocks | 30/36 | €61,320 | €41,035 | -€20,285 | -33.1% |
| Amounts receivable within one year | 40/41 | €179,708 | €430,024 | +€250,316 | +139% |
| Trade receivables | 40 | €2,309 | €947 | -€1,362 | -59.0% |
| Other amounts receivable | 41 | €177,399 | €429,077 | +€251,678 | +142% |
| Cash at bank and in hand | 54/58 | €81,092 | €590 | -€80,502 | -99.3% |
| Deferred charges and accrued income | 490/1 | €834 | €515 | -€318 | -38.2% |
| Total equity and liabilities | 10/49 | €403,952 | €531,819 | +€127,867 | +31.7% |
| Equity | 10/15 | €13,115 | -€32,225 | -€45,341 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €64,854 | €64,854 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,842 | €4,842 | = | 0.0% |
| Distributable reserves | 133 | €60,012 | €60,012 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,739 | -€157,079 | -€45,341 | -40.6% |
| Amounts payable | 17/49 | €390,837 | €564,045 | +€173,207 | +44.3% |
| Amounts payable after more than one year | 17 | €110,989 | €73,892 | -€37,097 | -33.4% |
| Financial debts | 170/4 | €110,989 | €73,892 | -€37,097 | -33.4% |
| Amounts payable within one year | 42/48 | €241,738 | €483,553 | +€241,815 | +100% |
| Current portion of amounts payable after more than one year | 42 | €47,721 | €37,097 | -€10,625 | -22.3% |
| Trade debts | 44 | €108,118 | €231,075 | +€122,957 | +114% |
| Suppliers | 440/4 | €108,118 | €231,075 | +€122,957 | +114% |
| Taxes, remuneration and social security | 45 | €80,769 | €215,382 | +€134,613 | +167% |
| Taxes | 450/3 | €39,992 | €133,153 | +€93,162 | +233% |
| Remuneration and social security | 454/9 | €40,777 | €82,229 | +€41,452 | +102% |
| Other amounts payable | 47/48 | €5,130 | - | -€5,130 | |
| Accrued charges and deferred income | 492/3 | €38,111 | €6,599 | -€31,511 | -82.7% |
| Remuneration, social security and pensions | 62 | €447,468 | €294,911 | -€152,558 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,975 | €23,294 | -€8,681 | -27.1% |
| Other operating charges | 640/8 | €10,732 | €15,833 | +€5,101 | +47.5% |
| Gross operating margin | 9900 | €512,416 | €320,236 | -€192,180 | -37.5% |
| Operating profit (loss) | 9901 | €22,241 | -€13,801 | -€36,042 | |
| Financial income | 75/76B | €6,113 | €13,823 | +€7,710 | +126% |
| Recurring financial income | 75 | €6,113 | €13,823 | +€7,710 | +126% |
| Financial charges | 65/66B | €14,991 | €44,722 | +€29,732 | +198% |
| Recurring financial charges | 65 | €14,991 | €44,722 | +€29,732 | +198% |
| Profit (loss) for the period before taxes | 9903 | €13,363 | -€44,700 | -€58,063 | |
| Income taxes | 67/77 | €612 | €640 | +€29 | +4.7% |
| Profit (loss) for the period | 9904 | €12,751 | -€45,341 | -€58,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,751 | -€45,341 | -€58,092 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.