Dr. Lore Leempoels: what changed
Dr. Lore Leempoels
Largest movements
- Tangible fixed assets +€49,859
up €49,859 (+25.0%), from €199,202 to €249,061
of which Leasing and similar rights: +€65,209
- Cash -€25,522
down €25,522 (-19.5%), from €130,970 to €105,448
mainly Contributions, distributions and other (-€124,013) and Investment in fixed assets (net) (-€79,493)
- Deferred charges and accrued income -€4,468
down €4,468 (-69.0%), from €6,471 to €2,003
- Debts after one year +€41,305
up €41,305 (+23.0%), from €179,771 to €221,075
- Contributions -€18,500
down €18,500 (-99.5%), from €18,600 to €100
- Other debts -€16,971
down €16,971 (-13.7%), from €124,039 to €107,067
- Current portion of long-term debt +€14,691
up €14,691 (+149%), from €9,846 to €24,538
- Gross operating margin +€60,304
up €60,304 (+54.6%), from €110,490 to €170,794
- Depreciation +€11,441
up €11,441 (+62.9%), from €18,193 to €29,634
- Taxes +€11,244
up €11,244 (+59.9%), from €18,778 to €30,023
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 | €338,149 | €356,512 | +€18,363 | +5.4% |
| Fixed assets | 21/28 | €199,202 | €249,061 | +€49,859 | +25.0% |
| Tangible fixed assets | 22/27 | €199,202 | €249,061 | +€49,859 | +25.0% |
| Land and buildings | 22 | €186,444 | €173,902 | -€12,542 | -6.7% |
| Plant, machinery and equipment | 23 | - | €1,584 | +€1,584 | |
| Furniture and vehicles | 24 | €12,759 | €8,367 | -€4,392 | -34.4% |
| Leasing and similar rights | 25 | - | €65,209 | +€65,209 | |
| Current assets | 29/58 | €138,946 | €107,451 | -€31,496 | -22.7% |
| Amounts receivable within one year | 40/41 | €1,506 | - | -€1,506 | |
| Other amounts receivable | 41 | €1,506 | - | -€1,506 | |
| Cash at bank and in hand | 54/58 | €130,970 | €105,448 | -€25,522 | -19.5% |
| Deferred charges and accrued income | 490/1 | €6,471 | €2,003 | -€4,468 | -69.0% |
| Total equity and liabilities | 10/49 | €338,149 | €356,512 | +€18,363 | +5.4% |
| Equity | 10/15 | €18,600 | €100 | -€18,500 | -99.5% |
| Contributions | 10/11 | €18,600 | €100 | -€18,500 | -99.5% |
| Amounts payable | 17/49 | €319,549 | €356,412 | +€36,863 | +11.5% |
| Amounts payable after more than one year | 17 | €179,771 | €221,075 | +€41,305 | +23.0% |
| Financial debts | 170/4 | €179,771 | €221,075 | +€41,305 | +23.0% |
| Amounts payable within one year | 42/48 | €139,116 | €135,336 | -€3,780 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €9,846 | €24,538 | +€14,691 | +149% |
| Trade debts | 44 | €5,232 | €2,540 | -€2,691 | -51.4% |
| Suppliers | 440/4 | €5,232 | €2,540 | -€2,691 | -51.4% |
| Taxes, remuneration and social security | 45 | - | €1,191 | +€1,191 | |
| Taxes | 450/3 | - | €1,191 | +€1,191 | |
| Other amounts payable | 47/48 | €124,039 | €107,067 | -€16,971 | -13.7% |
| Accrued charges and deferred income | 492/3 | €662 | - | -€662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,193 | €29,634 | +€11,441 | +62.9% |
| Other operating charges | 640/8 | €788 | €878 | +€90 | +11.4% |
| Gross operating margin | 9900 | €110,490 | €170,794 | +€60,304 | +54.6% |
| Operating profit (loss) | 9901 | €91,508 | €140,281 | +€48,773 | +53.3% |
| Financial income | 75/76B | €965 | €815 | -€151 | -15.6% |
| Recurring financial income | 75 | €965 | €815 | -€151 | -15.6% |
| Financial charges | 65/66B | €5,472 | €5,560 | +€88 | +1.6% |
| Recurring financial charges | 65 | €5,472 | €5,560 | +€88 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €87,002 | €135,536 | +€48,534 | +55.8% |
| Income taxes | 67/77 | €18,778 | €30,023 | +€11,244 | +59.9% |
| Profit (loss) for the period | 9904 | €68,223 | €105,513 | +€37,290 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,223 | €105,513 | +€37,290 | +54.7% |
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 6 November 2026 via checked.be.