DR. W. DE LEUR: 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. W. DE LEUR
Largest movements
- Current investments -€39,399
down €39,399 (-15.4%), from €255,960 to €216,560
- Cash -€4,609
down €4,609 (-24.2%), from €19,026 to €14,418
mainly Contributions, distributions and other (-€74,286) and Other debts (-€2,497)
- Reserves -€70,270
down €70,270 (-31.2%), from €225,563 to €155,293
- Tax, wage and social debts +€23,422
up €23,422 (+3,863%), from €606 to €24,028
- Trade debts +€3,106
up €3,106 (+430%), from €723 to €3,829
- Financial income +€9,277
up €9,277 (+927,736%), from €1 to €9,278
- Gross operating margin -€4,930
down €4,930, from €4,443 to -€487
- Other operating charges -€1,575
down €1,575 (-78.1%), from €2,017 to €442
- Taxes +€1,137
up €1,137 (+188%), from €606 to €1,744
- Financial charges -€145
down €145 (-12.9%), from €1,120 to €975
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 | €283,615 | €237,376 | -€46,239 | -16.3% |
| Fixed assets | 21/28 | €5,698 | €4,083 | -€1,615 | -28.3% |
| Tangible fixed assets | 22/27 | €5,698 | €4,083 | -€1,615 | -28.3% |
| Plant, machinery and equipment | 23 | €578 | €289 | -€290 | -50.1% |
| Other tangible fixed assets | 26 | €5,120 | €3,795 | -€1,325 | -25.9% |
| Current assets | 29/58 | €277,917 | €233,293 | -€44,624 | -16.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €255,960 | €216,560 | -€39,399 | -15.4% |
| Cash at bank and in hand | 54/58 | €19,026 | €14,418 | -€4,609 | -24.2% |
| Deferred charges and accrued income | 490/1 | €2,931 | €2,314 | -€616 | -21.0% |
| Total equity and liabilities | 10/49 | €283,615 | €237,376 | -€46,239 | -16.3% |
| Equity | 10/15 | €237,963 | €167,693 | -€70,270 | -29.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €225,563 | €155,293 | -€70,270 | -31.2% |
| Distributable reserves | 133 | €225,563 | €155,293 | -€70,270 | -31.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,652 | €69,683 | +€24,031 | +52.6% |
| Amounts payable within one year | 42/48 | €3,929 | €27,960 | +€24,031 | +612% |
| Trade debts | 44 | €723 | €3,829 | +€3,106 | +430% |
| Suppliers | 440/4 | €723 | €3,829 | +€3,106 | +430% |
| Taxes, remuneration and social security | 45 | €606 | €24,028 | +€23,422 | +3,863% |
| Taxes | 450/3 | €606 | €24,028 | +€23,422 | +3,863% |
| Other amounts payable | 47/48 | €2,600 | €103 | -€2,497 | -96.1% |
| Accrued charges and deferred income | 492/3 | €41,723 | €41,723 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,615 | €1,615 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,017 | €442 | -€1,575 | -78.1% |
| Gross operating margin | 9900 | €4,443 | -€487 | -€4,930 | |
| Operating profit (loss) | 9901 | €811 | -€2,544 | -€3,355 | |
| Financial income | 75/76B | €1 | €9,278 | +€9,277 | +927,736% |
| Recurring financial income | 75 | €1 | €9,278 | +€9,277 | +927,736% |
| Financial charges | 65/66B | €1,120 | €975 | -€145 | -12.9% |
| Recurring financial charges | 65 | €1,120 | €975 | -€145 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€307 | €5,759 | +€6,067 | |
| Income taxes | 67/77 | €606 | €1,744 | +€1,137 | +188% |
| Profit (loss) for the period | 9904 | -€914 | €4,015 | +€4,929 | |
| Profit (loss) for the period to be appropriated | 9905 | -€914 | €4,015 | +€4,929 |
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 23 October 2026 via checked.be.