LEEMANS Valentin: 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 Valentin
Largest movements
- Tangible fixed assets +€442,411
up €442,411 (+48.9%), from €904,711 to €1.3m
of which Land and buildings: +€540,501
- Receivables within one year +€37,808
up €37,808 (+43.9%), from €86,107 to €123,916
of which Trade receivables: +€45,422
- Debts after one year +€423,955
up €423,955 (+62.0%), from €684,267 to €1.1m
- Reserves +€36,500
up €36,500 (+38.3%), from €95,300 to €131,800
- Tax, wage and social debts -€19,976
down €19,976 (-69.8%), from €28,639 to €8,662
of which Taxes: -€21,754
- Current portion of long-term debt +€17,590
up €17,590 (+16.5%), from €106,548 to €124,137
- Investment grants +€17,099
new in 2025: €17,099
- Gross operating margin +€136,926
up €136,926 (+64.9%), from €211,033 to €347,959
- Depreciation +€65,384
up €65,384 (+46.6%), from €140,362 to €205,746
- Write-downs +€25,000
new in 2025: €25,000
- Financial charges +€21,102
up €21,102 (+110.9%), from €19,033 to €40,136
- Staff costs +€12,852
up €12,852 (+326.9%), from €3,931 to €16,784
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 | €1,031,029 | €1,529,796 | +€498,766 | +48.4% |
| Fixed assets | 21/28 | €904,845 | €1,347,256 | +€442,411 | +48.9% |
| Tangible fixed assets | 22/27 | €904,711 | €1,347,122 | +€442,411 | +48.9% |
| Land and buildings | 22 | €546,980 | €1,087,481 | +€540,501 | +98.8% |
| Plant, machinery and equipment | 23 | €46,353 | €13,621 | -€32,732 | -70.6% |
| Furniture and vehicles | 24 | €184,583 | €166,225 | -€18,358 | -9.9% |
| Leasing and similar rights | 25 | €126,795 | €79,795 | -€47,000 | -37.1% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €126,184 | €182,540 | +€56,355 | +44.7% |
| Stocks and contracts in progress | 3 | €8,156 | €15,680 | +€7,524 | +92.3% |
| Stocks | 30/36 | €8,156 | €15,680 | +€7,524 | +92.3% |
| Amounts receivable within one year | 40/41 | €86,107 | €123,916 | +€37,808 | +43.9% |
| Trade receivables | 40 | €57,179 | €102,601 | +€45,422 | +79.4% |
| Other amounts receivable | 41 | €28,928 | €21,315 | -€7,614 | -26.3% |
| Cash at bank and in hand | 54/58 | €29,052 | €30,272 | +€1,220 | +4.2% |
| Deferred charges and accrued income | 490/1 | €2,870 | €12,672 | +€9,803 | +341.6% |
| Total equity and liabilities | 10/49 | €1,031,029 | €1,529,796 | +€498,766 | +48.4% |
| Equity | 10/15 | €110,335 | €164,152 | +€53,817 | +48.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €95,300 | €131,800 | +€36,500 | +38.3% |
| Distributable reserves | 133 | €95,300 | €131,800 | +€36,500 | +38.3% |
| Profit (loss) carried forward | 14 | €35 | €253 | +€218 | +631.7% |
| Investment grants | 15 | - | €17,099 | +€17,099 | |
| Amounts payable | 17/49 | €920,695 | €1,365,644 | +€444,949 | +48.3% |
| Amounts payable after more than one year | 17 | €684,267 | €1,108,223 | +€423,955 | +62.0% |
| Financial debts | 170/4 | €684,267 | €1,108,223 | +€423,955 | +62.0% |
| Amounts payable within one year | 42/48 | €236,340 | €257,422 | +€21,081 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €106,548 | €124,137 | +€17,590 | +16.5% |
| Trade debts | 44 | €38,342 | €48,910 | +€10,568 | +27.6% |
| Suppliers | 440/4 | €38,342 | €48,910 | +€10,568 | +27.6% |
| Taxes, remuneration and social security | 45 | €28,639 | €8,662 | -€19,976 | -69.8% |
| Taxes | 450/3 | €28,639 | €6,885 | -€21,754 | -76.0% |
| Remuneration and social security | 454/9 | - | €1,777 | +€1,777 | |
| Other amounts payable | 47/48 | €62,811 | €75,712 | +€12,900 | +20.5% |
| Accrued charges and deferred income | 492/3 | €88 | - | -€88 | |
| Non-recurring operating income | 76A | €12,095 | - | -€12,095 | |
| Remuneration, social security and pensions | 62 | €3,931 | €16,784 | +€12,852 | +326.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,362 | €205,746 | +€65,384 | +46.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,000 | +€25,000 | |
| Other operating charges | 640/8 | €11,430 | €10,679 | -€751 | -6.6% |
| Gross operating margin | 9900 | €211,033 | €347,959 | +€136,926 | +64.9% |
| Operating profit (loss) | 9901 | €55,310 | €89,750 | +€34,440 | +62.3% |
| Financial income | 75/76B | €6,423 | €4,413 | -€2,010 | -31.3% |
| Recurring financial income | 75 | €0 | €4,413 | +€4,413 | +2206545.0% |
| Non-recurring financial income | 76B | €6,423 | - | -€6,423 | |
| Financial charges | 65/66B | €19,033 | €40,136 | +€21,102 | +110.9% |
| Recurring financial charges | 65 | €19,033 | €40,136 | +€21,102 | +110.9% |
| Profit (loss) for the period before taxes | 9903 | €42,700 | €54,028 | +€11,328 | +26.5% |
| Income taxes | 67/77 | €11,006 | €16,509 | +€5,504 | +50.0% |
| Profit (loss) for the period | 9904 | €31,694 | €37,518 | +€5,824 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,694 | €37,518 | +€5,824 | +18.4% |
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.