GROEP 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.
What changed
GROEP LEEMANS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€263,707
2024 · -€176,834+€440,541
Equity
€3.4m
2024 · €3.1m+€263,707
Cash
€2,625
2024 · €6,702-€4,076
Balance sheet total
€6.0m
2024 · €5.6m+€436,760
Largest movements
Assets
- Receivables after one year +€481,073
up €481,073 (+24.8%), from €1.9m to €2.4m
Equity and liabilities
- Reserves +€263,707
up €263,707 (+41.9%), from €630,021 to €893,728
of which Distributable reserves: +€145,551
- Debts after one year +€173,916
up €173,916 (+7.6%), from €2.3m to €2.5m
Income statement
- Gross operating margin +€426,722
up €426,722 (+593%), from €71,956 to €498,678
- Financial income +€53,517
up €53,517 (+136%), from €39,290 to €92,806
- Taxes +€52,202
up €52,202 (+209%), from €25,000 to €77,202
- Financial charges -€7,214
down €7,214 (-5.9%), from €121,907 to €114,693
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.
Result 2024
-€176,834
Gross operating margin
+€426,722
Staff costs
+€4,942
Depreciation
-€0
Other operating charges
+€349
Financial income
+€53,517
Financial charges
+€7,214
Taxes
-€52,202
Result 2025
€263,707
raises the resultlowers the result
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.
From operations
-€173,747
Investment
+€100
Financing
+€169,571
Cash 2024
€6,702
From operations (derived)
-€173,747
Net result for the year
+€263,707
Depreciation
+€41,183
Receivables after one year
-€481,073
Deferred charges and accrued income
-€1,046
Trade debts
-€13,026
Tax, wage and social debts
+€16,509
Investment (derived)
+€100
Investment in fixed assets (net)
+€100
Financing
+€169,571
Debts after one year
+€173,916
Current portion of long-term debt
-€4,345
Cash 2025
€2,625
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,573,660 | €6,010,420 | +€436,760 | +7.8% |
| Fixed assets | 21/28 | €3,626,086 | €3,584,803 | -€41,283 | -1.1% |
| Tangible fixed assets | 22/27 | €515,226 | €474,043 | -€41,183 | -8.0% |
| Land and buildings | 22 | €515,226 | €474,043 | -€41,183 | -8.0% |
| Financial fixed assets | 28 | €3,110,860 | €3,110,760 | -€100 | 0.0% |
| Current assets | 29/58 | €1,947,574 | €2,425,617 | +€478,043 | +24.5% |
| Amounts receivable after more than one year | 29 | €1,940,872 | €2,421,946 | +€481,073 | +24.8% |
| Other amounts receivable | 291 | €1,940,872 | €2,421,946 | +€481,073 | +24.8% |
| Cash at bank and in hand | 54/58 | €6,702 | €2,625 | -€4,076 | -60.8% |
| Deferred charges and accrued income | 490/1 | - | €1,046 | +€1,046 | |
| Total equity and liabilities | 10/49 | €5,573,660 | €6,010,420 | +€436,760 | +7.8% |
| Equity | 10/15 | €3,141,431 | €3,405,138 | +€263,707 | +8.4% |
| Contributions | 10/11 | €2,511,410 | €2,511,410 | = | 0.0% |
| Capital | 10 | €2,511,410 | €2,511,410 | = | 0.0% |
| Issued capital | 100 | €2,511,410 | €2,511,410 | = | 0.0% |
| Reserves | 13 | €630,021 | €893,728 | +€263,707 | +41.9% |
| Non-distributable reserves | 130/1 | €132,985 | €251,141 | +€118,156 | +88.8% |
| Legal reserve | 130 | €132,985 | €251,141 | +€118,156 | +88.8% |
| Tax-exempt reserves | 132 | €90 | €90 | = | 0.0% |
| Distributable reserves | 133 | €496,947 | €642,497 | +€145,551 | +29.3% |
| Amounts payable | 17/49 | €2,432,228 | €2,605,281 | +€173,053 | +7.1% |
| Amounts payable after more than one year | 17 | €2,284,068 | €2,457,984 | +€173,916 | +7.6% |
| Financial debts | 170/4 | €2,284,068 | €2,457,984 | +€173,916 | +7.6% |
| Amounts payable within one year | 42/48 | €148,160 | €147,297 | -€863 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €13,035 | €8,690 | -€4,345 | -33.3% |
| Trade debts | 44 | €118,219 | €105,192 | -€13,026 | -11.0% |
| Suppliers | 440/4 | €118,219 | €105,192 | -€13,026 | -11.0% |
| Taxes, remuneration and social security | 45 | €16,906 | €33,414 | +€16,509 | +97.7% |
| Taxes | 450/3 | - | €22,202 | +€22,202 | |
| Remuneration and social security | 454/9 | €16,906 | €11,212 | -€5,693 | -33.7% |
| Non-recurring operating income | 76A | €19,051 | €44,957 | +€25,907 | +136% |
| Remuneration, social security and pensions | 62 | €92,967 | €88,025 | -€4,942 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,183 | €41,183 | +€0 | 0.0% |
| Other operating charges | 640/8 | €7,023 | €6,674 | -€349 | -5.0% |
| Gross operating margin | 9900 | €71,956 | €498,678 | +€426,722 | +593% |
| Operating profit (loss) | 9901 | -€69,216 | €362,796 | +€432,012 | |
| Financial income | 75/76B | €39,290 | €92,806 | +€53,517 | +136% |
| Recurring financial income | 75 | €39,290 | €92,806 | +€53,517 | +136% |
| Financial charges | 65/66B | €121,907 | €114,693 | -€7,214 | -5.9% |
| Recurring financial charges | 65 | €121,907 | €114,693 | -€7,214 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€151,834 | €340,909 | +€492,743 | |
| Income taxes | 67/77 | €25,000 | €77,202 | +€52,202 | +209% |
| Profit (loss) for the period | 9904 | -€176,834 | €263,707 | +€440,541 | |
| Profit (loss) for the period to be appropriated | 9905 | -€176,834 | €263,707 | +€440,541 |
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 16 October 2026 via checked.be.