LEEMANS: 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.
LEEMANS
Largest movements
- Cash -€38,949
down €38,949 (-70.5%), from €55,283 to €16,333
mainly Net result for the year (-€44,484) and Debts after one year (-€17,503)
- Tangible fixed assets -€30,486
down €30,486 (-24.3%), from €125,213 to €94,727
of which Furniture and vehicles: -€24,323
- Receivables within one year +€12,952
up €12,952 (+6.3%), from €205,431 to €218,383
of which Trade receivables: +€6,795
- Stocks and contracts -€6,073
down €6,073 (-29.2%), from €20,766 to €14,693
- Reserves -€44,500
down €44,500 (-23.4%), from €190,150 to €145,650
of which Distributable reserves: -€44,500
- Debts after one year -€17,503
down €17,503 (-24.0%), from €72,940 to €55,437
- Tax, wage and social debts -€4,820
down €4,820 (-20.6%), from €23,363 to €18,543
of which Taxes: -€5,876
- Gross operating margin -€102,001
down €102,001 (-59.3%), from €171,903 to €69,902
- Taxes -€15,024
down €15,024 (-95.9%), from €15,674 to €650
- Staff costs -€13,225
down €13,225 (-14.6%), from €90,713 to €77,488
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 | €406,768 | €344,211 | -€62,556 | -15.4% |
| Fixed assets | 21/28 | €125,288 | €94,802 | -€30,486 | -24.3% |
| Tangible fixed assets | 22/27 | €125,213 | €94,727 | -€30,486 | -24.3% |
| Land and buildings | 22 | €4,926 | €3,694 | -€1,232 | -25.0% |
| Plant, machinery and equipment | 23 | €10,754 | €5,823 | -€4,931 | -45.9% |
| Furniture and vehicles | 24 | €109,534 | €85,211 | -€24,323 | -22.2% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €281,479 | €249,409 | -€32,070 | -11.4% |
| Stocks and contracts in progress | 3 | €20,766 | €14,693 | -€6,073 | -29.2% |
| Stocks | 30/36 | €20,766 | €14,693 | -€6,073 | -29.2% |
| Amounts receivable within one year | 40/41 | €205,431 | €218,383 | +€12,952 | +6.3% |
| Trade receivables | 40 | €29,516 | €36,310 | +€6,795 | +23.0% |
| Other amounts receivable | 41 | €175,915 | €182,072 | +€6,157 | +3.5% |
| Cash at bank and in hand | 54/58 | €55,283 | €16,333 | -€38,949 | -70.5% |
| Total equity and liabilities | 10/49 | €406,768 | €344,211 | -€62,556 | -15.4% |
| Equity | 10/15 | €251,954 | €207,470 | -€44,484 | -17.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €190,150 | €145,650 | -€44,500 | -23.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €184,000 | €139,500 | -€44,500 | -24.2% |
| Profit (loss) carried forward | 14 | €304 | €320 | +€16 | +5.1% |
| Amounts payable | 17/49 | €154,814 | €136,742 | -€18,072 | -11.7% |
| Amounts payable after more than one year | 17 | €72,940 | €55,437 | -€17,503 | -24.0% |
| Financial debts | 170/4 | €72,940 | €55,437 | -€17,503 | -24.0% |
| Amounts payable within one year | 42/48 | €78,266 | €76,529 | -€1,737 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €16,787 | €17,503 | +€717 | +4.3% |
| Trade debts | 44 | €21,610 | €22,733 | +€1,123 | +5.2% |
| Suppliers | 440/4 | €21,610 | €22,733 | +€1,123 | +5.2% |
| Taxes, remuneration and social security | 45 | €23,363 | €18,543 | -€4,820 | -20.6% |
| Taxes | 450/3 | €15,531 | €9,655 | -€5,876 | -37.8% |
| Remuneration and social security | 454/9 | €7,831 | €8,887 | +€1,056 | +13.5% |
| Other amounts payable | 47/48 | €16,506 | €17,750 | +€1,243 | +7.5% |
| Accrued charges and deferred income | 492/3 | €3,607 | €4,776 | +€1,169 | +32.4% |
| Non-recurring operating income | 76A | €2,424 | - | -€2,424 | |
| Remuneration, social security and pensions | 62 | €90,713 | €77,488 | -€13,225 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,142 | €31,581 | +€439 | +1.4% |
| Other operating charges | 640/8 | €5,933 | €5,651 | -€282 | -4.8% |
| Gross operating margin | 9900 | €171,903 | €69,902 | -€102,001 | -59.3% |
| Operating profit (loss) | 9901 | €44,114 | -€44,818 | -€88,933 | |
| Financial income | 75/76B | €5,965 | €6,159 | +€193 | +3.2% |
| Recurring financial income | 75 | €5,965 | €6,159 | +€193 | +3.2% |
| Financial charges | 65/66B | €5,457 | €5,175 | -€282 | -5.2% |
| Recurring financial charges | 65 | €5,457 | €5,175 | -€282 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €44,623 | -€43,834 | -€88,457 | |
| Income taxes | 67/77 | €15,674 | €650 | -€15,024 | -95.9% |
| Profit (loss) for the period | 9904 | €28,949 | -€44,484 | -€73,433 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,949 | -€44,484 | -€73,433 |
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 30 September 2026 via checked.be.