Dr LEROY TIMOTHEE: 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.
Dr LEROY TIMOTHEE
Largest movements
- Receivables within one year +€68,189
up €68,189 (+104%), from €65,763 to €133,952
of which Other amounts receivable: +€67,600
- Cash -€40,602
down €40,602 (-35.6%), from €113,982 to €73,380
mainly Contributions, distributions and other (-€134,416) and Receivables within one year (-€68,189)
- Deferred charges and accrued income -€11,939
down €11,939 (-85.7%), from €13,938 to €1,999
- Other debts +€60,976
up €60,976 (+83.0%), from €73,439 to €134,416
- Reserves -€45,556
down €45,556 (-33.2%), from €137,243 to €91,688
- Purchases and services -€24,568
down €24,568 (-19.5%), from €125,698 to €101,130
- Gross operating margin +€22,116
up €22,116 (+23.5%), from €94,220 to €116,336
- Turnover +€7,063
up €7,063 (+3.5%), from €201,085 to €208,148
- Taxes +€4,581
up €4,581 (+23.4%), from €19,613 to €24,194
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 | €214,816 | €231,030 | +€16,215 | +7.5% |
| Current assets | 29/58 | €214,816 | €231,030 | +€16,215 | +7.5% |
| Amounts receivable after more than one year | 29 | €21,133 | €21,699 | +€566 | +2.7% |
| Other amounts receivable | 291 | €21,133 | €21,699 | +€566 | +2.7% |
| Amounts receivable within one year | 40/41 | €65,763 | €133,952 | +€68,189 | +104% |
| Trade receivables | 40 | €842 | €1,430 | +€588 | +69.9% |
| Other amounts receivable | 41 | €64,922 | €132,522 | +€67,600 | +104% |
| Cash at bank and in hand | 54/58 | €113,982 | €73,380 | -€40,602 | -35.6% |
| Deferred charges and accrued income | 490/1 | €13,938 | €1,999 | -€11,939 | -85.7% |
| Total equity and liabilities | 10/49 | €214,816 | €231,030 | +€16,215 | +7.5% |
| Equity | 10/15 | €140,243 | €94,688 | -€45,556 | -32.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €137,243 | €91,688 | -€45,556 | -33.2% |
| Non-distributable reserves | 130/1 | €137,243 | €91,688 | -€45,556 | -33.2% |
| Other | 1319 | €137,243 | €91,688 | -€45,556 | -33.2% |
| Amounts payable | 17/49 | €74,572 | €136,343 | +€61,770 | +82.8% |
| Amounts payable within one year | 42/48 | €74,349 | €136,343 | +€61,993 | +83.4% |
| Taxes, remuneration and social security | 45 | €910 | €1,927 | +€1,017 | +112% |
| Taxes | 450/3 | €910 | €1,927 | +€1,017 | +112% |
| Other amounts payable | 47/48 | €73,439 | €134,416 | +€60,976 | +83.0% |
| Accrued charges and deferred income | 492/3 | €223 | - | -€223 | |
| Turnover | 70 | €201,085 | €208,148 | +€7,063 | +3.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €125,698 | €101,130 | -€24,568 | -19.5% |
| Other operating charges | 640/8 | €641 | €1,091 | +€450 | +70.1% |
| Gross operating margin | 9900 | €94,220 | €116,336 | +€22,116 | +23.5% |
| Operating profit (loss) | 9901 | €93,579 | €115,245 | +€21,666 | +23.2% |
| Financial income | 75/76B | €1,412 | €234 | -€1,178 | -83.4% |
| Recurring financial income | 75 | €1,412 | €234 | -€1,178 | -83.4% |
| Financial charges | 65/66B | €1,939 | €2,425 | +€486 | +25.1% |
| Recurring financial charges | 65 | €1,939 | €2,425 | +€486 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €93,052 | €113,054 | +€20,002 | +21.5% |
| Income taxes | 67/77 | €19,613 | €24,194 | +€4,581 | +23.4% |
| Profit (loss) for the period | 9904 | €73,439 | €88,860 | +€15,421 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,439 | €88,860 | +€15,421 | +21.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.