LEEN DE WILDE: 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 WILDE
Largest movements
- Receivables within one year +€104,381
up €104,381 (+53.1%), from €196,550 to €300,931
of which Trade receivables: +€95,323
- Cash -€54,742
down €54,742 (-41.6%), from €131,544 to €76,803
mainly Other debts (-€236,499) and Receivables within one year (-€104,381)
- Deferred charges and accrued income +€6,890
up €6,890 (+52.5%), from €13,115 to €20,004
- Other debts -€236,499
down €236,499 (-98.2%), from €240,832 to €4,334
- Debts after one year +€117,557
new in 2025: €117,557
- Trade debts +€104,025
up €104,025 (+121%), from €86,016 to €190,040
- Tax, wage and social debts +€45,090
up €45,090 (+87.7%), from €51,393 to €96,484
of which Remuneration and social security: +€28,915
- Current portion of long-term debt +€32,480
up €32,480 (+1,572%), from €2,066 to €34,546
- Gross operating margin -€523,847
down €523,847 (-42.9%), from €1.2m to €695,896
- Staff costs -€343,655
down €343,655 (-36.1%), from €952,922 to €609,267
- Taxes -€36,647
down €36,647 (-57.1%), from €64,177 to €27,530
- Depreciation -€15,340
down €15,340 (-34.6%), from €44,322 to €28,982
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 | €447,999 | €499,388 | +€51,389 | +11.5% |
| Fixed assets | 21/28 | €106,790 | €101,650 | -€5,140 | -4.8% |
| Intangible fixed assets | 21 | €7,067 | €6,000 | -€1,067 | -15.1% |
| Tangible fixed assets | 22/27 | €99,723 | €95,650 | -€4,073 | -4.1% |
| Land and buildings | 22 | €42,511 | €33,592 | -€8,919 | -21.0% |
| Plant, machinery and equipment | 23 | €22,970 | €23,197 | +€227 | +1.0% |
| Furniture and vehicles | 24 | €34,242 | €38,861 | +€4,619 | +13.5% |
| Current assets | 29/58 | €341,209 | €397,738 | +€56,529 | +16.6% |
| Amounts receivable within one year | 40/41 | €196,550 | €300,931 | +€104,381 | +53.1% |
| Trade receivables | 40 | €105,280 | €200,603 | +€95,323 | +90.5% |
| Other amounts receivable | 41 | €91,271 | €100,328 | +€9,057 | +9.9% |
| Cash at bank and in hand | 54/58 | €131,544 | €76,803 | -€54,742 | -41.6% |
| Deferred charges and accrued income | 490/1 | €13,115 | €20,004 | +€6,890 | +52.5% |
| Total equity and liabilities | 10/49 | €447,999 | €499,388 | +€51,389 | +11.5% |
| Equity | 10/15 | €41,025 | €56,427 | +€15,402 | +37.5% |
| Contributions | 10/11 | €20,250 | €20,250 | = | 0.0% |
| Reserves | 13 | €20,775 | €36,177 | +€15,402 | +74.1% |
| Tax-exempt reserves | 132 | €18,750 | €0 | -€18,750 | -100% |
| Distributable reserves | 133 | €2,025 | €36,177 | +€34,152 | +1,687% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €406,974 | €442,961 | +€35,987 | +8.8% |
| Amounts payable after more than one year | 17 | - | €117,557 | +€117,557 | |
| Financial debts | 170/4 | - | €117,557 | +€117,557 | |
| Amounts payable within one year | 42/48 | €406,974 | €325,404 | -€81,570 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €2,066 | €34,546 | +€32,480 | +1,572% |
| Financial debts | 43 | €26,667 | €0 | -€26,667 | -100% |
| Credit institutions | 430/8 | €26,667 | €0 | -€26,667 | -100% |
| Trade debts | 44 | €86,016 | €190,040 | +€104,025 | +121% |
| Suppliers | 440/4 | €86,016 | €190,040 | +€104,025 | +121% |
| Taxes, remuneration and social security | 45 | €51,393 | €96,484 | +€45,090 | +87.7% |
| Taxes | 450/3 | €5,700 | €21,875 | +€16,175 | +284% |
| Remuneration and social security | 454/9 | €45,694 | €74,609 | +€28,915 | +63.3% |
| Other amounts payable | 47/48 | €240,832 | €4,334 | -€236,499 | -98.2% |
| Remuneration, social security and pensions | 62 | €952,922 | €609,267 | -€343,655 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,322 | €28,982 | -€15,340 | -34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,199 | €8,591 | +€7,391 | +616% |
| Other operating charges | 640/8 | €1,331 | €1,119 | -€212 | -15.9% |
| Gross operating margin | 9900 | €1,219,742 | €695,896 | -€523,847 | -42.9% |
| Operating profit (loss) | 9901 | €219,968 | €47,936 | -€172,031 | -78.2% |
| Financial income | 75/76B | €24 | €3,023 | +€2,999 | +12,309% |
| Recurring financial income | 75 | €24 | €3,023 | +€2,999 | +12,309% |
| Financial charges | 65/66B | €6,245 | €8,027 | +€1,782 | +28.5% |
| Recurring financial charges | 65 | €6,245 | €8,027 | +€1,782 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €213,747 | €42,932 | -€170,815 | -79.9% |
| Income taxes | 67/77 | €64,177 | €27,530 | -€36,647 | -57.1% |
| Profit (loss) for the period | 9904 | €149,570 | €15,402 | -€134,168 | -89.7% |
| Transfer from tax-exempt reserves | 789 | - | €18,750 | +€18,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €149,570 | €34,152 | -€115,418 | -77.2% |
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 29 October 2026 via checked.be.