JOCHEN LEËN: 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.
JOCHEN LEËN
Largest movements
- Financial fixed assets +€11.7m
new in 2025: €11.7m
- Tangible fixed assets +€652,127
up €652,127 (+64.6%), from €1.0m to €1.7m
of which Land and buildings: +€537,149
- Receivables after one year +€427,868
up €427,868 (+118%), from €361,095 to €788,962
- Receivables within one year -€213,723
down €213,723 (-30.0%), from €712,817 to €499,094
of which Other amounts receivable: -€447,667
- Contributions +€12.0m
up €12.0m (+64,723%), from €18,600 to €12.1m
- Other debts -€370,730
no longer reported in 2025 (was €370,730)
- Debts after one year +€303,746
up €303,746 (+51.0%), from €595,744 to €899,491
- Reserves +€240,010
up €240,010 (+24.8%), from €967,531 to €1.2m
- Gross operating margin +€50,450
up €50,450 (+12.0%), from €420,327 to €470,778
- Depreciation +€26,233
up €26,233 (+54.8%), from €47,903 to €74,136
- Taxes +€24,089
up €24,089 (+22.2%), from €108,389 to €132,479
- Financial income +€19,678
up €19,678 (+109%), from €18,113 to €37,791
- Write-downs -€13,250
no longer reported in 2025 (was €13,250)
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 | €2,365,906 | €14,889,645 | +€12.5m | +529% |
| Fixed assets | 21/28 | €1,009,497 | €13,325,017 | +€12.3m | +1,220% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,009,497 | €1,661,624 | +€652,127 | +64.6% |
| Land and buildings | 22 | €979,361 | €1,516,509 | +€537,149 | +54.8% |
| Plant, machinery and equipment | 23 | €3,571 | €1,223 | -€2,348 | -65.8% |
| Furniture and vehicles | 24 | €26,565 | €143,892 | +€117,326 | +442% |
| Financial fixed assets | 28 | - | €11,663,393 | +€11.7m | |
| Current assets | 29/58 | €1,356,410 | €1,564,629 | +€208,219 | +15.4% |
| Amounts receivable after more than one year | 29 | €361,095 | €788,962 | +€427,868 | +118% |
| Other amounts receivable | 291 | €361,095 | €788,962 | +€427,868 | +118% |
| Stocks and contracts in progress | 3 | €268,387 | €272,177 | +€3,790 | +1.4% |
| Stocks | 30/36 | €268,387 | €272,177 | +€3,790 | +1.4% |
| Amounts receivable within one year | 40/41 | €712,817 | €499,094 | -€213,723 | -30.0% |
| Trade receivables | 40 | €265,150 | €499,094 | +€233,944 | +88.2% |
| Other amounts receivable | 41 | €447,667 | - | -€447,667 | |
| Cash at bank and in hand | 54/58 | €14,111 | €4,396 | -€9,716 | -68.9% |
| Total equity and liabilities | 10/49 | €2,365,906 | €14,889,645 | +€12.5m | +529% |
| Equity | 10/15 | €986,131 | €13,264,534 | +€12.3m | +1,245% |
| Contributions | 10/11 | €18,600 | €12,056,993 | +€12.0m | +64,723% |
| Reserves | 13 | €967,531 | €1,207,541 | +€240,010 | +24.8% |
| Distributable reserves | 133 | €967,531 | €1,207,541 | +€240,010 | +24.8% |
| Amounts payable | 17/49 | €1,379,775 | €1,625,111 | +€245,336 | +17.8% |
| Amounts payable after more than one year | 17 | €595,744 | €899,491 | +€303,746 | +51.0% |
| Financial debts | 170/4 | €595,744 | €899,491 | +€303,746 | +51.0% |
| Amounts payable within one year | 42/48 | €784,031 | €725,621 | -€58,410 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €67,091 | €117,966 | +€50,875 | +75.8% |
| Financial debts | 43 | €185,000 | €185,000 | = | 0.0% |
| Credit institutions | 430/8 | €185,000 | €185,000 | = | 0.0% |
| Trade debts | 44 | €38,020 | €183,308 | +€145,288 | +382% |
| Suppliers | 440/4 | €38,020 | €183,308 | +€145,288 | +382% |
| Taxes, remuneration and social security | 45 | €123,189 | €239,347 | +€116,157 | +94.3% |
| Taxes | 450/3 | €123,189 | €239,347 | +€116,157 | +94.3% |
| Other amounts payable | 47/48 | €370,730 | - | -€370,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,903 | €74,136 | +€26,233 | +54.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,250 | - | -€13,250 | |
| Other operating charges | 640/8 | €4,606 | €15,815 | +€11,209 | +243% |
| Gross operating margin | 9900 | €420,327 | €470,778 | +€50,450 | +12.0% |
| Operating profit (loss) | 9901 | €354,569 | €380,827 | +€26,258 | +7.4% |
| Financial income | 75/76B | €18,113 | €37,791 | +€19,678 | +109% |
| Recurring financial income | 75 | €18,113 | €37,791 | +€19,678 | +109% |
| Financial charges | 65/66B | €40,941 | €46,130 | +€5,189 | +12.7% |
| Recurring financial charges | 65 | €40,941 | €46,130 | +€5,189 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €331,742 | €372,488 | +€40,747 | +12.3% |
| Income taxes | 67/77 | €108,389 | €132,479 | +€24,089 | +22.2% |
| Profit (loss) for the period | 9904 | €223,352 | €240,010 | +€16,658 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €223,352 | €240,010 | +€16,658 | +7.5% |
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 26 October 2026 via checked.be.