LEEN: 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.
What changed
LEEN
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.4m-€216,777
Equity
€1.4m
2024 · €1.7m-€372,112
Cash
€1.2m
2024 · €1.4m-€208,833
Balance sheet total
€4.9m
2024 · €5.3m-€428,774
Largest movements
Assets
- Current investments -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Cash -€208,833
down €208,833 (-15.0%), from €1.4m to €1.2m
mainly Contributions, distributions and other (-€1.5m) and Investment in fixed assets (net) (-€304,009)
- Receivables within one year +€152,010
up €152,010 (+13.5%), from €1.1m to €1.3m
of which Other amounts receivable: +€145,758
- Tangible fixed assets +€54,192
up €54,192 (+4.9%), from €1.1m to €1.2m
of which Plant, machinery and equipment: +€213,146
Equity and liabilities
- Reserves -€372,112
down €372,112 (-22.3%), from €1.7m to €1.3m
of which Distributable reserves: -€372,112
- Trade debts -€139,706
down €139,706 (-8.4%), from €1.7m to €1.5m
- Debts after one year +€106,117
up €106,117 (+338.8%), from €31,319 to €137,436
Income statement
- Turnover +€789,457
up €789,457 (+3.3%), from €24.3m to €25.1m
- Goods and materials +€784,929
up €784,929 (+4.3%), from €18.1m to €18.9m
of which Purchases: +€528,215
- Other operating charges +€430,324
up €430,324 (+4831.9%), from €8,906 to €439,230
- Write-downs -€430,143
new in 2025: -€430,143
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.
Result 2024
€1.4m
Turnover
+€789,457
Other operating income
-€4,765
Goods and materials
-€784,929
Services and other goods
-€154,666
Staff costs
-€130,134
Depreciation
-€21,384
Write-downs
+€430,143
Other operating charges
-€430,324
Other operating items
+€8,376
Financial income
+€5,929
Financial charges
+€5,743
Taxes
+€69,777
Result 2025
€1.1m
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.
From operations
+€1.1m
Investment
+€95,991
Financing
-€1.4m
Cash 2024
€1.4m
From operations (derived)
+€1.1m
Net result for the year
+€1.1m
Depreciation
+€249,816
Stocks and contracts
+€50,240
Receivables within one year
-€152,010
Deferred charges and accrued income
-€24,096
Trade debts
-€139,706
Tax, wage and social debts
+€9,453
Accrued charges and deferred income
-€32,880
Investment (derived)
+€95,991
Investment in fixed assets (net)
-€304,009
Current investments
+€400,000
Financing
-€1.4m
Debts after one year
+€106,117
Current portion of long-term debt
+€354
Contributions, distributions and other
-€1.5m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,298,781 | €4,870,006 | -€428,774 | -8.1% |
| Fixed assets | 21/28 | €1,104,175 | €1,158,368 | +€54,192 | +4.9% |
| Tangible fixed assets | 22/27 | €1,104,175 | €1,158,368 | +€54,192 | +4.9% |
| Plant, machinery and equipment | 23 | €179,430 | €392,576 | +€213,146 | +118.8% |
| Furniture and vehicles | 24 | €1,813 | €2,640 | +€827 | +45.6% |
| Other tangible fixed assets | 26 | €922,933 | €763,152 | -€159,780 | -17.3% |
| Current assets | 29/58 | €4,194,606 | €3,711,639 | -€482,967 | -11.5% |
| Stocks and contracts in progress | 3 | €1,212,817 | €1,162,578 | -€50,240 | -4.1% |
| Stocks | 30/36 | €1,212,817 | €1,162,578 | -€50,240 | -4.1% |
| Raw materials and consumables | 30/31 | €25,911 | €22,758 | -€3,153 | -12.2% |
| Goods purchased for resale | 34 | €1,186,906 | €1,139,819 | -€47,087 | -4.0% |
| Amounts receivable within one year | 40/41 | €1,125,925 | €1,277,935 | +€152,010 | +13.5% |
| Trade receivables | 40 | €143,319 | €149,571 | +€6,253 | +4.4% |
| Other amounts receivable | 41 | €982,606 | €1,128,364 | +€145,758 | +14.8% |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100.0% |
| Other investments | 51/53 | €400,000 | €0 | -€400,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,394,093 | €1,185,260 | -€208,833 | -15.0% |
| Deferred charges and accrued income | 490/1 | €61,770 | €85,866 | +€24,096 | +39.0% |
| Total equity and liabilities | 10/49 | €5,298,781 | €4,870,006 | -€428,774 | -8.1% |
| Equity | 10/15 | €1,727,486 | €1,355,374 | -€372,112 | -21.5% |
| 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 | €1,665,486 | €1,293,374 | -€372,112 | -22.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,897 | €18,897 | = | 0.0% |
| Distributable reserves | 133 | €1,640,389 | €1,268,277 | -€372,112 | -22.7% |
| Amounts payable | 17/49 | €3,571,295 | €3,514,633 | -€56,662 | -1.6% |
| Amounts payable after more than one year | 17 | €31,319 | €137,436 | +€106,117 | +338.8% |
| Financial debts | 170/4 | €31,319 | €137,436 | +€106,117 | +338.8% |
| Credit institutions | 173 | €31,319 | €137,436 | +€106,117 | +338.8% |
| Amounts payable within one year | 42/48 | €3,413,506 | €3,283,607 | -€129,899 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €17,988 | €18,342 | +€354 | +2.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,671,330 | €1,531,624 | -€139,706 | -8.4% |
| Suppliers | 440/4 | €1,671,330 | €1,531,624 | -€139,706 | -8.4% |
| Taxes, remuneration and social security | 45 | €209,189 | €218,641 | +€9,453 | +4.5% |
| Taxes | 450/3 | €17,190 | €6,597 | -€10,593 | -61.6% |
| Remuneration and social security | 454/9 | €191,998 | €212,044 | +€20,046 | +10.4% |
| Other amounts payable | 47/48 | €1,515,000 | €1,515,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €126,470 | €93,590 | -€32,880 | -26.0% |
| Operating income | 70/76A | €24,395,823 | €25,188,865 | +€793,042 | +3.3% |
| Turnover | 70 | €24,281,460 | €25,070,917 | +€789,457 | +3.3% |
| Other operating income | 74 | €114,363 | €109,598 | -€4,765 | -4.2% |
| Non-recurring operating income | 76A | - | €8,350 | +€8,350 | |
| Operating charges | 60/66A | €22,634,646 | €23,725,914 | +€1.1m | +4.8% |
| Goods for resale, raw materials and consumables | 60 | €18,107,508 | €18,892,437 | +€784,929 | +4.3% |
| Purchases | 600/8 | €18,313,982 | €18,842,197 | +€528,215 | +2.9% |
| Change in stocks: decrease (increase) | 609 | -€206,474 | €50,240 | +€256,714 | |
| Services and other goods | 61 | €3,049,466 | €3,204,132 | +€154,666 | +5.1% |
| Remuneration, social security and pensions | 62 | €1,240,307 | €1,370,442 | +€130,134 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,433 | €249,816 | +€21,384 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€430,143 | -€430,143 | |
| Other operating charges | 640/8 | €8,906 | €439,230 | +€430,324 | +4831.9% |
| Non-recurring operating charges | 66A | €26 | €0 | -€26 | -100.0% |
| Operating profit (loss) | 9901 | €1,761,177 | €1,462,951 | -€298,226 | -16.9% |
| Financial income | 75/76B | €68,539 | €74,468 | +€5,929 | +8.7% |
| Recurring financial income | 75 | €68,539 | €74,468 | +€5,929 | +8.7% |
| Income from current assets | 751 | €53,967 | €69,467 | +€15,500 | +28.7% |
| Other financial income | 752/9 | €14,572 | €5,001 | -€9,571 | -65.7% |
| Financial charges | 65/66B | €19,801 | €14,058 | -€5,743 | -29.0% |
| Recurring financial charges | 65 | €19,801 | €14,058 | -€5,743 | -29.0% |
| Debt charges | 650 | €2,641 | €787 | -€1,855 | -70.2% |
| Other financial charges | 652/9 | €17,160 | €13,271 | -€3,889 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €1,809,915 | €1,523,361 | -€286,554 | -15.8% |
| Income taxes | 67/77 | €450,250 | €380,473 | -€69,777 | -15.5% |
| Taxes | 670/3 | €451,624 | €380,473 | -€71,151 | -15.8% |
| Tax adjustments and reversals of tax provisions | 77 | €1,374 | €0 | -€1,374 | -100.0% |
| Profit (loss) for the period | 9904 | €1,359,665 | €1,142,888 | -€216,777 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,359,665 | €1,142,888 | -€216,777 | -15.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.