LEEMANS: 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.
LEEMANS
Largest movements
- Cash -€45,011
down €45,011 (-49.4%), from €91,050 to €46,038
mainly Investment in fixed assets (net) (-€25,734) and Other debts (-€21,873)
- Tangible fixed assets +€20,066
up €20,066 (+29.5%), from €68,025 to €88,091
of which Other tangible fixed assets: +€23,979
- Receivables after one year -€3,127
no longer reported in 2025 (was €3,127)
- Other debts -€21,873
down €21,873 (-94.5%), from €23,153 to €1,280
- Profit (loss) carried forward -€5,743
new in 2025: -€5,743
- Tax, wage and social debts -€2,341
no longer reported in 2025 (was €2,341)
- Trade debts +€1,712
up €1,712 (+313.7%), from €546 to €2,258
- Gross operating margin -€4,784
down €4,784 (-59.2%), from €8,079 to €3,295
- Depreciation +€948
up €948 (+19.2%), from €4,948 to €5,896
- Other operating charges +€126
up €126 (+4.4%), from €2,865 to €2,991
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 | €165,125 | €136,880 | -€28,245 | -17.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €68,986 | €88,824 | +€19,838 | +28.8% |
| Intangible fixed assets | 21 | €961 | €733 | -€228 | -23.7% |
| Tangible fixed assets | 22/27 | €68,025 | €88,091 | +€20,066 | +29.5% |
| Land and buildings | 22 | €42,129 | €40,351 | -€1,778 | -4.2% |
| Plant, machinery and equipment | 23 | €19,858 | €17,723 | -€2,135 | -10.8% |
| Other tangible fixed assets | 26 | €6,037 | €30,016 | +€23,979 | +397.2% |
| Current assets | 29/58 | €96,139 | €48,056 | -€48,083 | -50.0% |
| Amounts receivable after more than one year | 29 | €3,127 | - | -€3,127 | |
| Other amounts receivable | 291 | €3,127 | - | -€3,127 | |
| Amounts receivable within one year | 40/41 | €1,962 | €2,018 | +€56 | +2.9% |
| Trade receivables | 40 | €1,962 | €2,018 | +€56 | +2.9% |
| Cash at bank and in hand | 54/58 | €91,050 | €46,038 | -€45,011 | -49.4% |
| Total equity and liabilities | 10/49 | €165,125 | €136,880 | -€28,245 | -17.1% |
| Equity | 10/15 | €139,085 | €133,342 | -€5,743 | -4.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €77,085 | €77,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,006 | €10,006 | = | 0.0% |
| Legal reserve | 130 | €10,006 | €10,006 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,893 | €5,893 | = | 0.0% |
| Distributable reserves | 133 | €61,185 | €61,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,743 | -€5,743 | |
| Amounts payable | 17/49 | €26,040 | €3,538 | -€22,502 | -86.4% |
| Amounts payable within one year | 42/48 | €26,040 | €3,538 | -€22,502 | -86.4% |
| Trade debts | 44 | €546 | €2,258 | +€1,712 | +313.7% |
| Suppliers | 440/4 | €546 | €2,258 | +€1,712 | +313.7% |
| Taxes, remuneration and social security | 45 | €2,341 | - | -€2,341 | |
| Taxes | 450/3 | €2,341 | - | -€2,341 | |
| Other amounts payable | 47/48 | €23,153 | €1,280 | -€21,873 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,948 | €5,896 | +€948 | +19.2% |
| Other operating charges | 640/8 | €2,865 | €2,991 | +€126 | +4.4% |
| Gross operating margin | 9900 | €8,079 | €3,295 | -€4,784 | -59.2% |
| Operating profit (loss) | 9901 | €266 | -€5,591 | -€5,857 | |
| Financial charges | 65/66B | €120 | €152 | +€32 | +26.5% |
| Recurring financial charges | 65 | €120 | €152 | +€32 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €146 | -€5,743 | -€5,889 | |
| Income taxes | 67/77 | €39 | - | -€39 | |
| Profit (loss) for the period | 9904 | €107 | -€5,743 | -€5,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €107 | -€5,743 | -€5,850 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.