Dimitri Leemans: 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.
Dimitri Leemans
Largest movements
- Receivables within one year +€152,677
up €152,677 (+276%), from €55,408 to €208,085
of which Trade receivables: +€152,677
- Current investments +€70,000
new in 2025: €70,000
- Cash -€46,792
down €46,792 (-20.3%), from €230,361 to €183,569
mainly Receivables within one year (-€152,677) and Current investments (-€70,000)
- Tangible fixed assets -€25,451
down €25,451 (-30.6%), from €83,116 to €57,665
of which Furniture and vehicles: -€18,679
- Deferred charges and accrued income -€5,621
down €5,621 (-30.2%), from €18,635 to €13,014
- Reserves +€152,981
up €152,981 (+52.3%), from €292,781 to €445,762
of which Distributable reserves: +€152,981
- Trade debts -€19,905
down €19,905 (-95.6%), from €20,814 to €909
- Tax, wage and social debts +€9,629
up €9,629 (+18.2%), from €52,776 to €62,404
- Gross operating margin +€18,455
up €18,455 (+6.4%), from €289,327 to €307,783
- Financial charges +€4,950
up €4,950 (+514%), from €963 to €5,912
- Depreciation +€4,485
up €4,485 (+21.4%), from €20,966 to €25,451
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 | €387,519 | €532,333 | +€144,814 | +37.4% |
| Fixed assets | 21/28 | €83,116 | €57,665 | -€25,451 | -30.6% |
| Tangible fixed assets | 22/27 | €83,116 | €57,665 | -€25,451 | -30.6% |
| Plant, machinery and equipment | 23 | €2,772 | €1,996 | -€776 | -28.0% |
| Furniture and vehicles | 24 | €46,853 | €28,174 | -€18,679 | -39.9% |
| Other tangible fixed assets | 26 | €33,490 | €27,495 | -€5,996 | -17.9% |
| Current assets | 29/58 | €304,404 | €474,669 | +€170,265 | +55.9% |
| Amounts receivable within one year | 40/41 | €55,408 | €208,085 | +€152,677 | +276% |
| Trade receivables | 40 | €45,685 | €198,363 | +€152,677 | +334% |
| Other amounts receivable | 41 | €9,723 | €9,723 | = | 0.0% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €230,361 | €183,569 | -€46,792 | -20.3% |
| Deferred charges and accrued income | 490/1 | €18,635 | €13,014 | -€5,621 | -30.2% |
| Total equity and liabilities | 10/49 | €387,519 | €532,333 | +€144,814 | +37.4% |
| Equity | 10/15 | €298,981 | €451,962 | +€152,981 | +51.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €292,781 | €445,762 | +€152,981 | +52.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €292,781 | €445,762 | +€152,981 | +52.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €88,538 | €80,371 | -€8,167 | -9.2% |
| Amounts payable within one year | 42/48 | €88,538 | €80,371 | -€8,167 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €20,814 | €909 | -€19,905 | -95.6% |
| Suppliers | 440/4 | €20,814 | €909 | -€19,905 | -95.6% |
| Taxes, remuneration and social security | 45 | €52,776 | €62,404 | +€9,629 | +18.2% |
| Taxes | 450/3 | €52,776 | €62,404 | +€9,629 | +18.2% |
| Other amounts payable | 47/48 | €14,949 | €17,058 | +€2,109 | +14.1% |
| Non-recurring operating income | 76A | €17,125 | €0 | -€17,125 | -100% |
| Remuneration, social security and pensions | 62 | €50,413 | €51,996 | +€1,583 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,966 | €25,451 | +€4,485 | +21.4% |
| Other operating charges | 640/8 | €502 | €582 | +€80 | +15.9% |
| Gross operating margin | 9900 | €289,327 | €307,783 | +€18,455 | +6.4% |
| Operating profit (loss) | 9901 | €217,446 | €229,753 | +€12,307 | +5.7% |
| Financial income | 75/76B | €70 | €73 | +€3 | +4.7% |
| Recurring financial income | 75 | €70 | €73 | +€3 | +4.7% |
| Financial charges | 65/66B | €963 | €5,912 | +€4,950 | +514% |
| Recurring financial charges | 65 | €963 | €5,912 | +€4,950 | +514% |
| Profit (loss) for the period before taxes | 9903 | €216,553 | €223,914 | +€7,361 | +3.4% |
| Income taxes | 67/77 | €73,594 | €70,933 | -€2,661 | -3.6% |
| Profit (loss) for the period | 9904 | €142,960 | €152,981 | +€10,021 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €142,960 | €152,981 | +€10,021 | +7.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.