Lean Lead: what changed
Two fiscal 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.
Lean Lead
Largest movements
- Current investments +€100,000
up €100,000 (+40.0%), from €250,000 to €350,000
- Cash +€43,316
up €43,316 (+40.0%), from €108,309 to €151,626
mainly Other debts (+€203,472) and Net result for the year (+€122,878)
- Receivables within one year -€23,973
down €23,973 (-11.5%), from €207,638 to €183,665
of which Other amounts receivable: -€21,501
- Intangible fixed assets -€12,570
no longer reported in 2025 (was €12,570)
- Tangible fixed assets +€12,304
up €12,304 (+52.7%), from €23,347 to €35,652
of which Land and buildings: +€18,437
- Other debts +€203,472
up €203,472 (+886.4%), from €22,954 to €226,426
- Reserves -€92,200
down €92,200 (-17.1%), from €538,060 to €445,860
of which Distributable reserves: -€92,200
- Gross operating margin +€46,471
up €46,471 (+29.9%), from €155,227 to €201,698
- Taxes +€12,016
up €12,016 (+29.5%), from €40,744 to €52,760
- Financial income -€4,937
down €4,937 (-83.3%), from €5,927 to €989
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.
Cash bridge derived
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 | €602,961 | €722,610 | +€119,649 | +19.8% |
| Fixed assets | 21/28 | €35,917 | €35,652 | -€266 | -0.7% |
| Intangible fixed assets | 21 | €12,570 | - | -€12,570 | |
| Tangible fixed assets | 22/27 | €23,347 | €35,652 | +€12,304 | +52.7% |
| Land and buildings | 22 | €2,208 | €20,645 | +€18,437 | +834.9% |
| Furniture and vehicles | 24 | €21,139 | €15,006 | -€6,133 | -29.0% |
| Current assets | 29/58 | €567,043 | €686,959 | +€119,915 | +21.1% |
| Amounts receivable within one year | 40/41 | €207,638 | €183,665 | -€23,973 | -11.5% |
| Trade receivables | 40 | €166,259 | €163,786 | -€2,473 | -1.5% |
| Other amounts receivable | 41 | €41,380 | €19,879 | -€21,501 | -52.0% |
| Current investments | 50/53 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €108,309 | €151,626 | +€43,316 | +40.0% |
| Deferred charges and accrued income | 490/1 | €1,096 | €1,668 | +€572 | +52.3% |
| Total equity and liabilities | 10/49 | €602,961 | €722,610 | +€119,649 | +19.8% |
| Equity | 10/15 | €545,059 | €452,937 | -€92,122 | -16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €538,060 | €445,860 | -€92,200 | -17.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €536,200 | €444,000 | -€92,200 | -17.2% |
| Profit (loss) carried forward | 14 | €799 | €877 | +€78 | +9.7% |
| Amounts payable | 17/49 | €57,902 | €269,673 | +€211,772 | +365.7% |
| Amounts payable within one year | 42/48 | €56,272 | €266,406 | +€210,134 | +373.4% |
| Trade debts | 44 | €33,284 | €34,580 | +€1,296 | +3.9% |
| Suppliers | 440/4 | €33,284 | €34,580 | +€1,296 | +3.9% |
| Taxes, remuneration and social security | 45 | €33 | €5,399 | +€5,366 | +16041.8% |
| Taxes | 450/3 | €33 | €5,399 | +€5,366 | +16041.8% |
| Other amounts payable | 47/48 | €22,954 | €226,426 | +€203,472 | +886.4% |
| Accrued charges and deferred income | 492/3 | €1,630 | €3,267 | +€1,637 | +100.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,823 | €24,823 | +€1,000 | +4.2% |
| Other operating charges | 640/8 | €322 | €444 | +€122 | +37.7% |
| Gross operating margin | 9900 | €155,227 | €201,698 | +€46,471 | +29.9% |
| Operating profit (loss) | 9901 | €131,082 | €176,431 | +€45,349 | +34.6% |
| Financial income | 75/76B | €5,927 | €989 | -€4,937 | -83.3% |
| Recurring financial income | 75 | €5,927 | €989 | -€4,937 | -83.3% |
| Financial charges | 65/66B | €2,027 | €1,782 | -€245 | -12.1% |
| Recurring financial charges | 65 | €2,027 | €1,782 | -€245 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €134,981 | €175,638 | +€40,657 | +30.1% |
| Income taxes | 67/77 | €40,744 | €52,760 | +€12,016 | +29.5% |
| Profit (loss) for the period | 9904 | €94,237 | €122,878 | +€28,641 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,237 | €122,878 | +€28,641 | +30.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.