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
- Tangible fixed assets -€272,912
down €272,912 (-13.0%), from €2.1m to €1.8m
of which Leasing and similar rights: -€171,428
- Cash +€46,322
up €46,322 (+25878.2%), from €179 to €46,501
mainly Depreciation (+€272,912) and Net result for the year (+€109,862)
- Trade debts -€384,936
down €384,936 (-50.4%), from €763,618 to €378,682
- Profit (loss) carried forward +€109,862
up €109,862 (+91.8%), from -€119,652 to -€9,790
- Other debts +€92,850
new in 2025: €92,850
- Tax, wage and social debts -€56,848
down €56,848 (-57.1%), from €99,643 to €42,795
of which Remuneration and social security: -€56,848
- Gross operating margin +€277,729
up €277,729 (+54.7%), from €507,367 to €785,096
- Provisions +€187,722
no longer reported in 2025 (was -€187,722)
- Staff costs -€180,894
down €180,894 (-53.2%), from €339,959 to €159,065
- Other operating charges +€85,242
up €85,242 (+217.3%), from €39,231 to €124,473
- Financial charges +€56,051
up €56,051 (+89.1%), from €62,902 to €118,953
of which Non-recurring financial charges: +€30,591
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 | €3,701,484 | €3,477,285 | -€224,199 | -6.1% |
| Fixed assets | 21/28 | €2,112,870 | €1,839,958 | -€272,912 | -12.9% |
| Tangible fixed assets | 22/27 | €2,094,870 | €1,821,958 | -€272,912 | -13.0% |
| Land and buildings | 22 | €1,229,104 | €1,164,694 | -€64,410 | -5.2% |
| Plant, machinery and equipment | 23 | €63,398 | €31,698 | -€31,700 | -50.0% |
| Furniture and vehicles | 24 | €6,752 | €1,378 | -€5,374 | -79.6% |
| Leasing and similar rights | 25 | €795,616 | €624,188 | -€171,428 | -21.5% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €1,588,614 | €1,637,327 | +€48,713 | +3.1% |
| Amounts receivable within one year | 40/41 | €1,586,835 | €1,589,226 | +€2,391 | +0.2% |
| Trade receivables | 40 | €1,056,609 | €1,072,700 | +€16,091 | +1.5% |
| Other amounts receivable | 41 | €530,226 | €516,526 | -€13,700 | -2.6% |
| Cash at bank and in hand | 54/58 | €179 | €46,501 | +€46,322 | +25878.2% |
| Deferred charges and accrued income | 490/1 | €1,600 | €1,600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,701,484 | €3,477,285 | -€224,199 | -6.1% |
| Equity | 10/15 | €1,355,445 | €1,465,307 | +€109,862 | +8.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €927,296 | €927,296 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €912,296 | €912,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,652 | -€9,790 | +€109,862 | +91.8% |
| Investment grants | 15 | €397,801 | €397,801 | = | 0.0% |
| Amounts payable | 17/49 | €2,346,039 | €2,011,978 | -€334,061 | -14.2% |
| Amounts payable after more than one year | 17 | €1,288,111 | €1,294,363 | +€6,252 | +0.5% |
| Financial debts | 170/4 | €1,288,111 | €1,294,363 | +€6,252 | +0.5% |
| Amounts payable within one year | 42/48 | €1,057,052 | €716,739 | -€340,313 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €188,426 | €197,047 | +€8,621 | +4.6% |
| Financial debts | 43 | €5,365 | €5,365 | = | 0.0% |
| Credit institutions | 430/8 | €5,365 | €5,365 | = | 0.0% |
| Trade debts | 44 | €763,618 | €378,682 | -€384,936 | -50.4% |
| Suppliers | 440/4 | €763,618 | €378,682 | -€384,936 | -50.4% |
| Taxes, remuneration and social security | 45 | €99,643 | €42,795 | -€56,848 | -57.1% |
| Taxes | 450/3 | €11,715 | €11,715 | = | 0.0% |
| Remuneration and social security | 454/9 | €87,928 | €31,080 | -€56,848 | -64.7% |
| Other amounts payable | 47/48 | - | €92,850 | +€92,850 | |
| Accrued charges and deferred income | 492/3 | €876 | €876 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €339,959 | €159,065 | -€180,894 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,925 | €272,912 | -€13 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€187,722 | - | +€187,722 | |
| Other operating charges | 640/8 | €39,231 | €124,473 | +€85,242 | +217.3% |
| Gross operating margin | 9900 | €507,367 | €785,096 | +€277,729 | +54.7% |
| Operating profit (loss) | 9901 | €42,974 | €228,646 | +€185,672 | +432.1% |
| Financial income | 75/76B | €7,888 | €169 | -€7,719 | -97.9% |
| Recurring financial income | 75 | €7,888 | €169 | -€7,719 | -97.9% |
| Financial charges | 65/66B | €62,902 | €118,953 | +€56,051 | +89.1% |
| Recurring financial charges | 65 | €62,343 | €87,803 | +€25,460 | +40.8% |
| Non-recurring financial charges | 66B | €559 | €31,150 | +€30,591 | +5472.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,040 | €109,862 | +€121,902 | |
| Profit (loss) for the period | 9904 | -€12,040 | €109,862 | +€121,902 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,040 | €109,862 | +€121,902 |
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 5 October 2026 via checked.be.