LEEMANS WILLY: 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 WILLY
Largest movements
- Current investments -€57,773
down €57,773 (-53.3%), from €108,400 to €50,627
- Tangible fixed assets -€31,506
down €31,506 (-49.2%), from €64,067 to €32,561
of which Furniture and vehicles: -€21,564
- Receivables within one year -€15,824
down €15,824 (-62.3%), from €25,404 to €9,580
of which Trade receivables: -€16,026
- Tax, wage and social debts -€44,354
down €44,354 (-100%), from €44,354 to €0
- Reserves -€43,153
down €43,153 (-16.6%), from €260,243 to €217,090
of which Distributable reserves: -€43,153
- Other debts -€14,767
down €14,767 (-21.0%), from €70,273 to €55,505
- Depreciation -€36,059
down €36,059 (-53.4%), from €67,564 to €31,506
- Gross operating margin -€22,308
down €22,308, from €8,822 to -€13,486
- Other operating charges -€665
down €665 (-23.7%), from €2,809 to €2,144
- Staff costs -€205
down €205 (-100%), from €205 to €0
- Taxes -€192
down €192 (-95.4%), from €201 to €9
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.
Derived cash bridge
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 | €393,557 | €292,192 | -€101,365 | -25.8% |
| Fixed assets | 21/28 | €64,067 | €32,561 | -€31,506 | -49.2% |
| Tangible fixed assets | 22/27 | €64,067 | €32,561 | -€31,506 | -49.2% |
| Land and buildings | 22 | €8,841 | €6,980 | -€1,861 | -21.1% |
| Plant, machinery and equipment | 23 | €22,177 | €14,097 | -€8,080 | -36.4% |
| Furniture and vehicles | 24 | €33,049 | €11,485 | -€21,564 | -65.2% |
| Current assets | 29/58 | €329,490 | €259,630 | -€69,860 | -21.2% |
| Stocks and contracts in progress | 3 | €17,185 | €17,185 | = | 0.0% |
| Stocks | 30/36 | €17,185 | €17,185 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,404 | €9,580 | -€15,824 | -62.3% |
| Trade receivables | 40 | €20,845 | €4,819 | -€16,026 | -76.9% |
| Other amounts receivable | 41 | €4,559 | €4,762 | +€202 | +4.4% |
| Current investments | 50/53 | €108,400 | €50,627 | -€57,773 | -53.3% |
| Cash at bank and in hand | 54/58 | €178,500 | €182,238 | +€3,738 | +2.1% |
| Total equity and liabilities | 10/49 | €393,557 | €292,192 | -€101,365 | -25.8% |
| Equity | 10/15 | €278,916 | €235,682 | -€43,234 | -15.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €260,243 | €217,090 | -€43,153 | -16.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €258,383 | €215,231 | -€43,153 | -16.7% |
| Investment grants | 15 | €81 | €0 | -€81 | -100% |
| Provisions and deferred taxes | 16 | €14 | €0 | -€14 | -100% |
| Deferred taxes | 168 | €14 | €0 | -€14 | -100% |
| Amounts payable | 17/49 | €114,627 | €56,510 | -€58,117 | -50.7% |
| Amounts payable within one year | 42/48 | €114,627 | €56,510 | -€58,117 | -50.7% |
| Trade debts | 44 | €0 | €1,004 | +€1,004 | |
| Suppliers | 440/4 | €0 | €1,004 | +€1,004 | |
| Taxes, remuneration and social security | 45 | €44,354 | €0 | -€44,354 | -100% |
| Taxes | 450/3 | €44,354 | €0 | -€44,354 | -100% |
| Other amounts payable | 47/48 | €70,273 | €55,505 | -€14,767 | -21.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €91 | €0 | -€91 | -100% |
| Remuneration, social security and pensions | 62 | €205 | €0 | -€205 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,564 | €31,506 | -€36,059 | -53.4% |
| Other operating charges | 640/8 | €2,809 | €2,144 | -€665 | -23.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €8,822 | -€13,486 | -€22,308 | |
| Operating profit (loss) | 9901 | -€61,756 | -€47,135 | +€14,622 | +23.7% |
| Financial income | 75/76B | €3,964 | €3,937 | -€27 | -0.7% |
| Recurring financial income | 75 | €3,964 | €3,937 | -€27 | -0.7% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€57,836 | -€43,239 | +€14,597 | +25.2% |
| Transfer from deferred taxes | 780 | €42 | €14 | -€28 | -67.5% |
| Income taxes | 67/77 | €201 | €9 | -€192 | -95.4% |
| Profit (loss) for the period | 9904 | -€57,995 | -€43,234 | +€14,761 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,995 | -€43,234 | +€14,761 | +25.5% |
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 18 October 2026 via checked.be.