Leen De Bie: 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.
Leen De Bie
Largest movements
- Cash +€32,271
up €32,271 (+70.4%), from €45,827 to €78,098
mainly Net result for the year (+€30,309) and Depreciation (+€8,124)
- Tangible fixed assets -€6,909
down €6,909 (-26.7%), from €25,876 to €18,966
of which Furniture and vehicles: -€7,590
- Receivables within one year +€4,549
up €4,549 (+32.1%), from €14,165 to €18,715
of which Other amounts receivable: +€3,685
- Reserves +€30,309
up €30,309 (+44.6%), from €67,896 to €98,205
- Trade debts +€2,913
up €2,913 (+111%), from €2,625 to €5,538
- Current portion of long-term debt -€2,149
no longer reported in 2025 (was €2,149)
- Gross operating margin +€2,245
up €2,245 (+5.0%), from €45,173 to €47,419
- Taxes +€1,889
up €1,889 (+29.4%), from €6,426 to €8,315
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 | €85,868 | €115,779 | +€29,911 | +34.8% |
| Fixed assets | 21/28 | €25,876 | €18,966 | -€6,909 | -26.7% |
| Tangible fixed assets | 22/27 | €25,876 | €18,966 | -€6,909 | -26.7% |
| Plant, machinery and equipment | 23 | €1,417 | €2,097 | +€681 | +48.0% |
| Furniture and vehicles | 24 | €24,459 | €16,869 | -€7,590 | -31.0% |
| Current assets | 29/58 | €59,992 | €96,812 | +€36,820 | +61.4% |
| Amounts receivable within one year | 40/41 | €14,165 | €18,715 | +€4,549 | +32.1% |
| Trade receivables | 40 | €11,665 | €12,530 | +€865 | +7.4% |
| Other amounts receivable | 41 | €2,500 | €6,185 | +€3,685 | +147% |
| Cash at bank and in hand | 54/58 | €45,827 | €78,098 | +€32,271 | +70.4% |
| Total equity and liabilities | 10/49 | €85,868 | €115,779 | +€29,911 | +34.8% |
| Equity | 10/15 | €72,896 | €103,205 | +€30,309 | +41.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,896 | €98,205 | +€30,309 | +44.6% |
| Distributable reserves | 133 | €67,896 | €98,205 | +€30,309 | +44.6% |
| Amounts payable | 17/49 | €12,973 | €12,574 | -€399 | -3.1% |
| Amounts payable within one year | 42/48 | €12,973 | €12,574 | -€399 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €2,149 | - | -€2,149 | |
| Trade debts | 44 | €2,625 | €5,538 | +€2,913 | +111% |
| Suppliers | 440/4 | €2,625 | €5,538 | +€2,913 | +111% |
| Taxes, remuneration and social security | 45 | €404 | - | -€404 | |
| Taxes | 450/3 | €404 | - | -€404 | |
| Other amounts payable | 47/48 | €7,795 | €7,035 | -€760 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,090 | €8,124 | +€34 | +0.4% |
| Other operating charges | 640/8 | €430 | €120 | -€310 | -72.1% |
| Gross operating margin | 9900 | €45,173 | €47,419 | +€2,245 | +5.0% |
| Operating profit (loss) | 9901 | €36,654 | €39,174 | +€2,521 | +6.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €889 | €550 | -€340 | -38.2% |
| Recurring financial charges | 65 | €889 | €550 | -€340 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €35,764 | €38,625 | +€2,861 | +8.0% |
| Income taxes | 67/77 | €6,426 | €8,315 | +€1,889 | +29.4% |
| Profit (loss) for the period | 9904 | €29,338 | €30,309 | +€972 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,338 | €30,309 | +€972 | +3.3% |
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 1 November 2026 via checked.be.