LEE BERG: 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.
LEE BERG
Largest movements
- Intangible fixed assets +€18,948
new in 2025: €18,948
- Cash -€2,772
down €2,772 (-14.3%), from €19,341 to €16,569
mainly Investment in fixed assets (net) (-€23,536) and Tax, wage and social debts (-€4,143)
- Tangible fixed assets -€2,542
down €2,542 (-12.6%), from €20,215 to €17,673
of which Furniture and vehicles: -€1,683
- Receivables within one year +€1,648
up €1,648 (+8.4%), from €19,621 to €21,269
of which Other amounts receivable: +€3,592
- Current portion of long-term debt +€11,990
new in 2025: €11,990
- Debts after one year +€11,000
up €11,000, from €0 to €11,000
of which Financial debts: +€11,000
- Tax, wage and social debts -€4,143
down €4,143 (-73.9%), from €5,605 to €1,462
- Other debts -€2,033
down €2,033 (-100.0%), from €2,033 to €0
- Trade debts -€1,048
down €1,048 (-59.2%), from €1,769 to €722
- Gross operating margin -€10,838
down €10,838 (-46.7%), from €23,214 to €12,376
- Depreciation -€2,647
down €2,647 (-27.1%), from €9,777 to €7,130
- Taxes -€2,198
down €2,198 (-61.1%), from €3,596 to €1,399
- Other operating charges -€267
down €267 (-26.7%), from €1,001 to €734
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 | €59,176 | €74,458 | +€15,282 | +25.8% |
| Fixed assets | 21/28 | €20,215 | €36,621 | +€16,406 | +81.2% |
| Intangible fixed assets | 21 | - | €18,948 | +€18,948 | |
| Tangible fixed assets | 22/27 | €20,215 | €17,673 | -€2,542 | -12.6% |
| Furniture and vehicles | 24 | €14,589 | €12,907 | -€1,683 | -11.5% |
| Other tangible fixed assets | 26 | €5,626 | €4,766 | -€859 | -15.3% |
| Current assets | 29/58 | €38,961 | €37,837 | -€1,124 | -2.9% |
| Amounts receivable within one year | 40/41 | €19,621 | €21,269 | +€1,648 | +8.4% |
| Trade receivables | 40 | €15,736 | €13,793 | -€1,943 | -12.3% |
| Other amounts receivable | 41 | €3,884 | €7,476 | +€3,592 | +92.5% |
| Cash at bank and in hand | 54/58 | €19,341 | €16,569 | -€2,772 | -14.3% |
| Total equity and liabilities | 10/49 | €59,176 | €74,458 | +€15,282 | +25.8% |
| Equity | 10/15 | €49,768 | €49,285 | -€483 | -1.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,007 | €29,524 | -€483 | -1.6% |
| Tax-exempt reserves | 132 | €4,940 | €4,940 | = | 0.0% |
| Distributable reserves | 133 | €25,067 | €24,584 | -€483 | -1.9% |
| Profit (loss) carried forward | 14 | €1,212 | €1,212 | = | 0.0% |
| Amounts payable | 17/49 | €9,408 | €25,173 | +€15,765 | +167.6% |
| Amounts payable after more than one year | 17 | €0 | €11,000 | +€11,000 | |
| Financial debts | 170/4 | - | €11,000 | +€11,000 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,408 | €14,173 | +€4,765 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,990 | +€11,990 | |
| Trade debts | 44 | €1,769 | €722 | -€1,048 | -59.2% |
| Suppliers | 440/4 | €1,769 | €722 | -€1,048 | -59.2% |
| Taxes, remuneration and social security | 45 | €5,605 | €1,462 | -€4,143 | -73.9% |
| Taxes | 450/3 | €5,605 | €1,462 | -€4,143 | -73.9% |
| Other amounts payable | 47/48 | €2,033 | €0 | -€2,033 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,777 | €7,130 | -€2,647 | -27.1% |
| Other operating charges | 640/8 | €1,001 | €734 | -€267 | -26.7% |
| Gross operating margin | 9900 | €23,214 | €12,376 | -€10,838 | -46.7% |
| Operating profit (loss) | 9901 | €12,436 | €4,512 | -€7,923 | -63.7% |
| Financial income | 75/76B | €34 | €24 | -€10 | -30.7% |
| Recurring financial income | 75 | €34 | €24 | -€10 | -30.7% |
| Financial charges | 65/66B | €181 | €178 | -€3 | -1.8% |
| Recurring financial charges | 65 | €181 | €178 | -€3 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €12,288 | €4,358 | -€7,931 | -64.5% |
| Income taxes | 67/77 | €3,596 | €1,399 | -€2,198 | -61.1% |
| Profit (loss) for the period | 9904 | €8,692 | €2,959 | -€5,733 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,692 | €2,959 | -€5,733 | -66.0% |
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 10 October 2026 via checked.be.