LEEMAT: 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.
LEEMAT
Largest movements
- Receivables within one year +€9,795
up €9,795 (+6.5%), from €150,871 to €160,666
of which Trade receivables: +€9,884
- Tangible fixed assets +€9,005
up €9,005 (+3.5%), from €258,414 to €267,419
of which Land and buildings: +€11,851
- Cash +€7,765
up €7,765 (+141.4%), from €5,491 to €13,256
mainly Depreciation (+€30,443) and Other debts (+€18,117)
- Other debts +€18,117
up €18,117 (+6.4%), from €283,646 to €301,763
- Depreciation +€12,401
up €12,401 (+68.7%), from €18,042 to €30,443
- Taxes -€6,254
down €6,254 (-81.0%), from €7,725 to €1,471
- Other operating charges -€802
down €802 (-47.8%), from €1,678 to €876
- Gross operating margin +€675
up €675 (+1.9%), from €36,068 to €36,743
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 | €431,664 | €458,229 | +€26,565 | +6.2% |
| Formation expenses | 20 | €16,888 | €16,888 | = | 0.0% |
| Fixed assets | 21/28 | €258,414 | €267,419 | +€9,005 | +3.5% |
| Tangible fixed assets | 22/27 | €258,414 | €267,419 | +€9,005 | +3.5% |
| Land and buildings | 22 | €224,037 | €235,888 | +€11,851 | +5.3% |
| Plant, machinery and equipment | 23 | €21,377 | €21,131 | -€246 | -1.2% |
| Furniture and vehicles | 24 | €13,000 | €10,400 | -€2,600 | -20.0% |
| Current assets | 29/58 | €156,362 | €173,922 | +€17,560 | +11.2% |
| Amounts receivable within one year | 40/41 | €150,871 | €160,666 | +€9,795 | +6.5% |
| Trade receivables | 40 | €150,782 | €160,666 | +€9,884 | +6.6% |
| Other amounts receivable | 41 | €89 | - | -€89 | |
| Cash at bank and in hand | 54/58 | €5,491 | €13,256 | +€7,765 | +141.4% |
| Total equity and liabilities | 10/49 | €431,664 | €458,229 | +€26,565 | +6.2% |
| Equity | 10/15 | €99,437 | €103,355 | +€3,918 | +3.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €25,866 | €25,866 | = | 0.0% |
| Distributable reserves | 133 | €25,866 | €25,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,821 | €58,739 | +€3,918 | +7.1% |
| Amounts payable | 17/49 | €332,227 | €354,874 | +€22,647 | +6.8% |
| Amounts payable within one year | 42/48 | €332,227 | €354,874 | +€22,647 | +6.8% |
| Trade debts | 44 | €44,314 | €47,282 | +€2,968 | +6.7% |
| Suppliers | 440/4 | €44,314 | €47,282 | +€2,968 | +6.7% |
| Taxes, remuneration and social security | 45 | €4,267 | €5,829 | +€1,562 | +36.6% |
| Taxes | 450/3 | €4,267 | €5,829 | +€1,562 | +36.6% |
| Other amounts payable | 47/48 | €283,646 | €301,763 | +€18,117 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,042 | €30,443 | +€12,401 | +68.7% |
| Other operating charges | 640/8 | €1,678 | €876 | -€802 | -47.8% |
| Gross operating margin | 9900 | €36,068 | €36,743 | +€675 | +1.9% |
| Operating profit (loss) | 9901 | €16,348 | €5,424 | -€10,924 | -66.8% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €198 | €39 | -€159 | -80.3% |
| Recurring financial charges | 65 | €198 | €39 | -€159 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €16,150 | €5,389 | -€10,761 | -66.6% |
| Income taxes | 67/77 | €7,725 | €1,471 | -€6,254 | -81.0% |
| Profit (loss) for the period | 9904 | €8,425 | €3,918 | -€4,507 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,425 | €3,918 | -€4,507 | -53.5% |
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 2 October 2026 via checked.be.