LEANINVEST: 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.
LEANINVEST
Largest movements
- Cash +€172,500
up €172,500 (+29.5%), from €583,811 to €756,311
mainly Net result for the year (+€246,744) and Depreciation (+€47,012)
- Tangible fixed assets -€47,012
down €47,012 (-39.4%), from €119,391 to €72,379
of which Plant, machinery and equipment: -€39,801
- Financial fixed assets +€38,392
up €38,392 (+255.9%), from €15,000 to €53,392
- Reserves +€246,744
up €246,744 (+30.7%), from €804,273 to €1.1m
of which Distributable reserves: +€246,744
- Debts after one year -€48,413
down €48,413 (-55.6%), from €87,044 to €38,632
- Tax, wage and social debts -€38,148
down €38,148 (-27.0%), from €141,200 to €103,051
of which Taxes: -€39,398
- Gross operating margin +€80,697
up €80,697 (+26.2%), from €308,437 to €389,133
- Taxes +€24,646
up €24,646 (+38.9%), from €63,434 to €88,080
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 | €1,100,701 | €1,262,379 | +€161,677 | +14.7% |
| Fixed assets | 21/28 | €134,391 | €125,771 | -€8,620 | -6.4% |
| Tangible fixed assets | 22/27 | €119,391 | €72,379 | -€47,012 | -39.4% |
| Plant, machinery and equipment | 23 | €106,372 | €66,571 | -€39,801 | -37.4% |
| Furniture and vehicles | 24 | €13,019 | €5,808 | -€7,211 | -55.4% |
| Financial fixed assets | 28 | €15,000 | €53,392 | +€38,392 | +255.9% |
| Current assets | 29/58 | €966,311 | €1,136,608 | +€170,297 | +17.6% |
| Stocks and contracts in progress | 3 | €117,055 | €114,308 | -€2,748 | -2.3% |
| Stocks | 30/36 | €117,055 | €114,308 | -€2,748 | -2.3% |
| Amounts receivable within one year | 40/41 | €260,467 | €253,408 | -€7,058 | -2.7% |
| Trade receivables | 40 | €137,822 | €35,521 | -€102,301 | -74.2% |
| Other amounts receivable | 41 | €122,645 | €217,888 | +€95,243 | +77.7% |
| Cash at bank and in hand | 54/58 | €583,811 | €756,311 | +€172,500 | +29.5% |
| Deferred charges and accrued income | 490/1 | €4,978 | €12,581 | +€7,603 | +152.7% |
| Total equity and liabilities | 10/49 | €1,100,701 | €1,262,379 | +€161,677 | +14.7% |
| Equity | 10/15 | €812,873 | €1,059,617 | +€246,744 | +30.4% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €804,273 | €1,051,017 | +€246,744 | +30.7% |
| Non-distributable reserves | 130/1 | €860 | €860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €860 | €860 | = | 0.0% |
| Distributable reserves | 133 | €803,413 | €1,050,157 | +€246,744 | +30.7% |
| Amounts payable | 17/49 | €287,829 | €202,762 | -€85,067 | -29.6% |
| Amounts payable after more than one year | 17 | €87,044 | €38,632 | -€48,413 | -55.6% |
| Financial debts | 170/4 | €87,044 | €38,632 | -€48,413 | -55.6% |
| Amounts payable within one year | 42/48 | €200,784 | €164,130 | -€36,654 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €50,239 | €52,081 | +€1,843 | +3.7% |
| Trade debts | 44 | €619 | €4,647 | +€4,028 | +650.8% |
| Suppliers | 440/4 | €619 | €4,647 | +€4,028 | +650.8% |
| Taxes, remuneration and social security | 45 | €141,200 | €103,051 | -€38,148 | -27.0% |
| Taxes | 450/3 | €141,200 | €101,801 | -€39,398 | -27.9% |
| Remuneration and social security | 454/9 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €8,727 | €4,350 | -€4,377 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,012 | €47,012 | = | 0.0% |
| Other operating charges | 640/8 | €809 | €2,723 | +€1,914 | +236.7% |
| Gross operating margin | 9900 | €308,437 | €389,133 | +€80,697 | +26.2% |
| Operating profit (loss) | 9901 | €260,616 | €339,399 | +€78,782 | +30.2% |
| Financial income | 75/76B | - | €1,523 | +€1,523 | |
| Recurring financial income | 75 | - | €1,523 | +€1,523 | |
| Financial charges | 65/66B | €6,881 | €6,098 | -€783 | -11.4% |
| Recurring financial charges | 65 | €6,881 | €5,351 | -€1,530 | -22.2% |
| Non-recurring financial charges | 66B | - | €747 | +€747 | |
| Profit (loss) for the period before taxes | 9903 | €253,735 | €334,824 | +€81,089 | +32.0% |
| Income taxes | 67/77 | €63,434 | €88,080 | +€24,646 | +38.9% |
| Profit (loss) for the period | 9904 | €190,301 | €246,744 | +€56,443 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €190,301 | €246,744 | +€56,443 | +29.7% |
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 8 October 2026 via checked.be.