LE RY DE LEERS: 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.
LE RY DE LEERS
Largest movements
- Cash -€456,710
down €456,710 (-20.7%), from €2.2m to €1.7m
mainly Trade debts (-€370,842) and Investment in fixed assets (net) (-€153,167)
- Receivables within one year +€122,175
up €122,175 (+16.1%), from €759,924 to €882,099
of which Trade receivables: +€159,940
- Tangible fixed assets -€49,270
down €49,270 (-4.9%), from €1.0m to €953,352
of which Other tangible fixed assets: -€115,112
- Trade debts -€370,842
down €370,842 (-10.7%), from €3.5m to €3.1m
- Gross operating margin +€96,067
up €96,067 (+61.8%), from €155,524 to €251,592
- Depreciation +€35,154
up €35,154 (+21.0%), from €167,283 to €202,437
- Financial charges +€5,978
up €5,978 (+464%), from €1,287 to €7,265
- Other operating charges +€5,933
up €5,933 (+68.5%), from €8,666 to €14,599
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 | €3,967,352 | €3,583,060 | -€384,291 | -9.7% |
| Fixed assets | 21/28 | €1,002,622 | €953,352 | -€49,270 | -4.9% |
| Tangible fixed assets | 22/27 | €1,002,622 | €953,352 | -€49,270 | -4.9% |
| Land and buildings | 22 | - | €37,679 | +€37,679 | |
| Plant, machinery and equipment | 23 | €106,544 | €181,487 | +€74,944 | +70.3% |
| Furniture and vehicles | 24 | €176,505 | €129,724 | -€46,781 | -26.5% |
| Other tangible fixed assets | 26 | €719,573 | €604,462 | -€115,112 | -16.0% |
| Current assets | 29/58 | €2,964,729 | €2,629,708 | -€335,021 | -11.3% |
| Amounts receivable within one year | 40/41 | €759,924 | €882,099 | +€122,175 | +16.1% |
| Trade receivables | 40 | €721,563 | €881,503 | +€159,940 | +22.2% |
| Other amounts receivable | 41 | €38,362 | €597 | -€37,765 | -98.4% |
| Cash at bank and in hand | 54/58 | €2,204,318 | €1,747,609 | -€456,710 | -20.7% |
| Deferred charges and accrued income | 490/1 | €487 | - | -€487 | |
| Total equity and liabilities | 10/49 | €3,967,352 | €3,583,060 | -€384,291 | -9.7% |
| Equity | 10/15 | €204,186 | €231,640 | +€27,454 | +13.4% |
| Contributions | 10/11 | €14,263 | €14,263 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,923 | €217,377 | +€27,454 | +14.5% |
| Amounts payable | 17/49 | €3,763,166 | €3,351,420 | -€411,746 | -10.9% |
| Amounts payable after more than one year | 17 | €162,985 | €140,016 | -€22,969 | -14.1% |
| Financial debts | 170/4 | €162,985 | €140,016 | -€22,969 | -14.1% |
| Amounts payable within one year | 42/48 | €3,598,681 | €3,209,904 | -€388,776 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €54,233 | €25,676 | -€28,558 | -52.7% |
| Trade debts | 44 | €3,454,403 | €3,083,561 | -€370,842 | -10.7% |
| Suppliers | 440/4 | €3,454,403 | €3,083,561 | -€370,842 | -10.7% |
| Other amounts payable | 47/48 | €90,044 | €100,668 | +€10,624 | +11.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,283 | €202,437 | +€35,154 | +21.0% |
| Other operating charges | 640/8 | €8,666 | €14,599 | +€5,933 | +68.5% |
| Non-recurring operating charges | 66A | €25 | €13 | -€13 | -50.0% |
| Gross operating margin | 9900 | €155,524 | €251,592 | +€96,067 | +61.8% |
| Operating profit (loss) | 9901 | -€20,450 | €34,544 | +€54,993 | |
| Financial income | 75/76B | €236 | €203 | -€33 | -13.9% |
| Recurring financial income | 75 | €236 | €203 | -€33 | -13.9% |
| Financial charges | 65/66B | €1,287 | €7,265 | +€5,978 | +464% |
| Recurring financial charges | 65 | €1,287 | €7,265 | +€5,978 | +464% |
| Profit (loss) for the period before taxes | 9903 | -€21,501 | €27,481 | +€48,982 | |
| Income taxes | 67/77 | - | €27 | +€27 | |
| Profit (loss) for the period | 9904 | -€21,501 | €27,454 | +€48,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,501 | €27,454 | +€48,956 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.