Dr. Irmin Leen: what changed
Dr. Irmin Leen
Largest movements
- Cash +€24,397
up €24,397 (+17.6%), from €138,306 to €162,703
mainly Net result for the year (+€161,229) and Deferred charges and accrued income (+€23,637)
- Deferred charges and accrued income -€23,637
down €23,637 (-80.1%), from €29,522 to €5,886
- Tangible fixed assets -€9,804
down €9,804 (-81.0%), from €12,099 to €2,295
- Other debts -€156,996
down €156,996 (-96.2%), from €163,224 to €6,229
- Reserves +€155,000
new in 2025: €155,000
- Trade debts -€5,173
down €5,173 (-80.4%), from €6,435 to €1,262
- Tax, wage and social debts -€2,768
down €2,768 (-44.2%), from €6,268 to €3,500
- Gross operating margin -€3,275
down €3,275 (-1.5%), from €223,830 to €220,555
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,927 | €171,410 | -€8,518 | -4.7% |
| Fixed assets | 21/28 | €12,099 | €2,595 | -€9,504 | -78.6% |
| Tangible fixed assets | 22/27 | €12,099 | €2,295 | -€9,804 | -81.0% |
| Furniture and vehicles | 24 | €12,099 | €2,295 | -€9,804 | -81.0% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €167,828 | €168,815 | +€986 | +0.6% |
| Amounts receivable within one year | 40/41 | - | €226 | +€226 | |
| Other amounts receivable | 41 | - | €226 | +€226 | |
| Cash at bank and in hand | 54/58 | €138,306 | €162,703 | +€24,397 | +17.6% |
| Deferred charges and accrued income | 490/1 | €29,522 | €5,886 | -€23,637 | -80.1% |
| Total equity and liabilities | 10/49 | €179,927 | €171,410 | -€8,518 | -4.7% |
| Equity | 10/15 | €4,000 | €159,000 | +€155,000 | +3,875% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €155,000 | +€155,000 | |
| Distributable reserves | 133 | - | €155,000 | +€155,000 | |
| Amounts payable | 17/49 | €175,927 | €12,410 | -€163,518 | -92.9% |
| Amounts payable after more than one year | 17 | - | €1,419 | +€1,419 | |
| Financial debts | 170/4 | - | €1,419 | +€1,419 | |
| Amounts payable within one year | 42/48 | €175,927 | €10,991 | -€164,936 | -93.8% |
| Trade debts | 44 | €6,435 | €1,262 | -€5,173 | -80.4% |
| Suppliers | 440/4 | €6,435 | €1,262 | -€5,173 | -80.4% |
| Taxes, remuneration and social security | 45 | €6,268 | €3,500 | -€2,768 | -44.2% |
| Taxes | 450/3 | €6,268 | €3,500 | -€2,768 | -44.2% |
| Other amounts payable | 47/48 | €163,224 | €6,229 | -€156,996 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,752 | €9,804 | -€948 | -8.8% |
| Other operating charges | 640/8 | €713 | €703 | -€10 | -1.4% |
| Gross operating margin | 9900 | €223,830 | €220,555 | -€3,275 | -1.5% |
| Operating profit (loss) | 9901 | €212,365 | €210,048 | -€2,318 | -1.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €96 | €45 | -€51 | -53.0% |
| Recurring financial charges | 65 | €96 | €45 | -€51 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €212,269 | €210,003 | -€2,267 | -1.1% |
| Income taxes | 67/77 | €49,045 | €48,774 | -€271 | -0.6% |
| Profit (loss) for the period | 9904 | €163,224 | €161,229 | -€1,996 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €163,224 | €161,229 | -€1,996 | -1.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.