Leasingline: 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.
What changed
Leasingline
NACE 77.120, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€101,829
2024 · €210,591-€108,762
Equity
€2.5m
2024 · €2.4m+€101,829
Cash
€743,945
2024 · €592,384+€151,561
Balance sheet total
€29.2m
2024 · €23.7m+€5.5m
Largest movements
Assets
- Receivables after one year +€5.4m
up €5.4m (+181%), from €3.0m to €8.5m
- Tangible fixed assets -€2.5m
down €2.5m (-15.6%), from €16.2m to €13.6m
of which Leasing and similar rights: -€3.3m
- Receivables within one year +€2.4m
up €2.4m (+60.9%), from €4.0m to €6.4m
of which Trade receivables: +€2.5m
Equity and liabilities
- Debts after one year +€3.1m
up €3.1m (+29.6%), from €10.4m to €13.5m
- Current portion of long-term debt +€1.4m
up €1.4m (+35.2%), from €3.9m to €5.3m
- Accrued charges and deferred income +€1.3m
up €1.3m (+175%), from €722,670 to €2.0m
Income statement
- Gross operating margin +€1.2m
up €1.2m (+23.9%), from €5.1m to €6.3m
- Depreciation +€942,276
up €942,276 (+23.8%), from €4.0m to €4.9m
- Financial charges +€228,269
up €228,269 (+32.1%), from €710,647 to €938,916
- Write-downs +€206,437
up €206,437, from -€119,220 to €87,216
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.
Result 2024
€210,591
Gross operating margin
+€1.2m
Staff costs
-€24,801
Depreciation
-€942,276
Write-downs
-€206,437
Other operating charges
-€15,507
Other operating items
+€60,311
Financial income
-€386
Financial charges
-€228,269
Taxes
+€33,585
Result 2025
€101,829
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.9m
Investment
-€2.4m
Financing
+€4.5m
Cash 2024
€592,384
From operations (derived)
-€1.9m
Net result for the year
+€101,829
Depreciation
+€4.9m
Receivables after one year
-€5.4m
Receivables within one year
-€2.4m
Deferred charges and accrued income
-€133
Trade debts
-€133,842
Tax, wage and social debts
+€14,131
Other debts
-€205,000
Accrued charges and deferred income
+€1.3m
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€4.5m
Debts after one year
+€3.1m
Current portion of long-term debt
+€1.4m
Cash 2025
€743,945
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,719,473 | €29,216,013 | +€5.5m | +23.2% |
| Fixed assets | 21/28 | €16,151,974 | €13,636,029 | -€2.5m | -15.6% |
| Tangible fixed assets | 22/27 | €16,151,974 | €13,636,029 | -€2.5m | -15.6% |
| Land and buildings | 22 | €197,447 | €197,447 | = | 0.0% |
| Furniture and vehicles | 24 | €1,566,117 | €2,377,504 | +€811,388 | +51.8% |
| Leasing and similar rights | 25 | €14,388,410 | €11,061,078 | -€3.3m | -23.1% |
| Current assets | 29/58 | €7,567,500 | €15,579,984 | +€8.0m | +106% |
| Amounts receivable after more than one year | 29 | €3,018,854 | €8,468,574 | +€5.4m | +181% |
| Trade receivables | 290 | €3,018,854 | €8,468,574 | +€5.4m | +181% |
| Amounts receivable within one year | 40/41 | €3,956,262 | €6,367,332 | +€2.4m | +60.9% |
| Trade receivables | 40 | €3,792,932 | €6,273,928 | +€2.5m | +65.4% |
| Other amounts receivable | 41 | €163,330 | €93,405 | -€69,926 | -42.8% |
| Cash at bank and in hand | 54/58 | €592,384 | €743,945 | +€151,561 | +25.6% |
| Deferred charges and accrued income | 490/1 | - | €133 | +€133 | |
| Total equity and liabilities | 10/49 | €23,719,473 | €29,216,013 | +€5.5m | +23.2% |
| Equity | 10/15 | €2,400,822 | €2,502,651 | +€101,829 | +4.2% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €533,629 | €635,458 | +€101,829 | +19.1% |
| Distributable reserves | 133 | €533,629 | €635,458 | +€101,829 | +19.1% |
| Profit (loss) carried forward | 14 | €1,117,193 | €1,117,193 | = | 0.0% |
| Amounts payable | 17/49 | €21,318,651 | €26,713,362 | +€5.4m | +25.3% |
| Amounts payable after more than one year | 17 | €10,406,773 | €13,489,246 | +€3.1m | +29.6% |
| Financial debts | 170/4 | €10,406,773 | €13,489,246 | +€3.1m | +29.6% |
| Amounts payable within one year | 42/48 | €10,189,208 | €11,234,419 | +€1.0m | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €3,889,752 | €5,259,673 | +€1.4m | +35.2% |
| Trade debts | 44 | €6,036,761 | €5,902,920 | -€133,842 | -2.2% |
| Suppliers | 440/4 | €6,036,761 | €5,902,920 | -€133,842 | -2.2% |
| Taxes, remuneration and social security | 45 | €43,627 | €57,758 | +€14,131 | +32.4% |
| Taxes | 450/3 | €34,065 | €44,981 | +€10,917 | +32.0% |
| Remuneration and social security | 454/9 | €9,562 | €12,777 | +€3,215 | +33.6% |
| Other amounts payable | 47/48 | €219,068 | €14,068 | -€205,000 | -93.6% |
| Accrued charges and deferred income | 492/3 | €722,670 | €1,989,698 | +€1.3m | +175% |
| Non-recurring operating income | 76A | - | €58,662 | +€58,662 | |
| Remuneration, social security and pensions | 62 | €71,458 | €96,259 | +€24,801 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,953,815 | €4,896,091 | +€942,276 | +23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€119,220 | €87,216 | +€206,437 | |
| Other operating charges | 640/8 | €49,699 | €65,206 | +€15,507 | +31.2% |
| Non-recurring operating charges | 66A | €122,918 | €62,607 | -€60,311 | -49.1% |
| Gross operating margin | 9900 | €5,081,972 | €6,296,990 | +€1.2m | +23.9% |
| Operating profit (loss) | 9901 | €1,003,302 | €1,089,610 | +€86,308 | +8.6% |
| Financial income | 75/76B | €1,817 | €1,431 | -€386 | -21.2% |
| Recurring financial income | 75 | €1,817 | €1,431 | -€386 | -21.2% |
| Financial charges | 65/66B | €710,647 | €938,916 | +€228,269 | +32.1% |
| Recurring financial charges | 65 | €710,647 | €938,916 | +€228,269 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €294,472 | €152,125 | -€142,348 | -48.3% |
| Income taxes | 67/77 | €83,881 | €50,296 | -€33,585 | -40.0% |
| Profit (loss) for the period | 9904 | €210,591 | €101,829 | -€108,762 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €210,591 | €101,829 | -€108,762 | -51.6% |
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 19 October 2026 via checked.be.