JOERI LELIE: 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.
JOERI LELIE
Largest movements
- Tangible fixed assets -€94,223
down €94,223 (-10.8%), from €874,398 to €780,174
of which Land and buildings: -€77,620
- Cash +€76,904
up €76,904 (+328%), from €23,431 to €100,335
mainly Depreciation (+€95,678) and Net result for the year (+€19,277)
- Debts after one year -€39,438
down €39,438 (-10.7%), from €368,474 to €329,036
- Reserves +€19,277
up €19,277 (+2.8%), from €690,278 to €709,555
- Gross operating margin -€29,068
down €29,068 (-17.6%), from €165,148 to €136,080
- Taxes -€6,657
down €6,657 (-37.9%), from €17,556 to €10,899
- Financial charges -€3,555
down €3,555 (-28.2%), from €12,619 to €9,063
- Other operating charges +€2,632
up €2,632 (+66.2%), from €3,979 to €6,611
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 | €1,134,843 | €1,112,395 | -€22,448 | -2.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €874,452 | €780,229 | -€94,223 | -10.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €874,398 | €780,174 | -€94,223 | -10.8% |
| Land and buildings | 22 | €821,879 | €744,259 | -€77,620 | -9.4% |
| Plant, machinery and equipment | 23 | €190 | €0 | -€190 | -100% |
| Furniture and vehicles | 24 | €52,329 | €35,916 | -€16,413 | -31.4% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €260,391 | €332,166 | +€71,776 | +27.6% |
| Amounts receivable within one year | 40/41 | €49,788 | €47,383 | -€2,404 | -4.8% |
| Trade receivables | 40 | €36,806 | €26,806 | -€10,000 | -27.2% |
| Other amounts receivable | 41 | €12,981 | €20,577 | +€7,596 | +58.5% |
| Current investments | 50/53 | €184,448 | €184,448 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,431 | €100,335 | +€76,904 | +328% |
| Deferred charges and accrued income | 490/1 | €2,724 | - | -€2,724 | |
| Total equity and liabilities | 10/49 | €1,134,843 | €1,112,395 | -€22,448 | -2.0% |
| Equity | 10/15 | €707,972 | €727,249 | +€19,277 | +2.7% |
| Contributions | 10/11 | €17,694 | €17,694 | = | 0.0% |
| Reserves | 13 | €690,278 | €709,555 | +€19,277 | +2.8% |
| Distributable reserves | 133 | €690,278 | €709,555 | +€19,277 | +2.8% |
| Amounts payable | 17/49 | €426,871 | €385,146 | -€41,725 | -9.8% |
| Amounts payable after more than one year | 17 | €368,474 | €329,036 | -€39,438 | -10.7% |
| Financial debts | 170/4 | €368,474 | €329,036 | -€39,438 | -10.7% |
| Amounts payable within one year | 42/48 | €58,397 | €56,110 | -€2,287 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €39,309 | €39,879 | +€571 | +1.5% |
| Trade debts | 44 | €10,386 | €10,076 | -€310 | -3.0% |
| Suppliers | 440/4 | €10,386 | €10,076 | -€310 | -3.0% |
| Other amounts payable | 47/48 | €8,702 | €6,154 | -€2,548 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,702 | €95,678 | -€24 | 0.0% |
| Other operating charges | 640/8 | €3,979 | €6,611 | +€2,632 | +66.2% |
| Gross operating margin | 9900 | €165,148 | €136,080 | -€29,068 | -17.6% |
| Operating profit (loss) | 9901 | €65,466 | €33,791 | -€31,675 | -48.4% |
| Financial income | 75/76B | €5,628 | €5,448 | -€179 | -3.2% |
| Recurring financial income | 75 | €5,628 | €5,448 | -€179 | -3.2% |
| Financial charges | 65/66B | €12,619 | €9,063 | -€3,555 | -28.2% |
| Recurring financial charges | 65 | €12,619 | €9,063 | -€3,555 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €58,475 | €30,176 | -€28,300 | -48.4% |
| Income taxes | 67/77 | €17,556 | €10,899 | -€6,657 | -37.9% |
| Profit (loss) for the period | 9904 | €40,920 | €19,277 | -€21,643 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,920 | €19,277 | -€21,643 | -52.9% |
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 17 October 2026 via checked.be.