LEEN DEMOL: 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 DEMOL
Largest movements
- Current investments +€81,385
up €81,385 (+54.3%), from €150,000 to €231,385
- Cash -€25,615
down €25,615 (-53.1%), from €48,215 to €22,600
mainly Current investments (-€81,385) and Receivables within one year (-€4,035)
- Receivables within one year +€4,035
new in 2025: €4,035
- Profit (loss) carried forward +€58,158
new in 2025: €58,158
- Tax, wage and social debts -€3,279
no longer reported in 2025 (was €3,279)
- Taxes -€5,692
down €5,692 (-27.6%), from €20,627 to €14,935
- Gross operating margin -€3,604
down €3,604 (-4.7%), from €76,989 to €73,385
- Financial income +€1,989
new in 2025: €1,989
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 | €215,056 | €273,509 | +€58,453 | +27.2% |
| Fixed assets | 21/28 | €3,416 | €2,003 | -€1,413 | -41.4% |
| Tangible fixed assets | 22/27 | €3,416 | €2,003 | -€1,413 | -41.4% |
| Plant, machinery and equipment | 23 | €1,286 | €826 | -€460 | -35.8% |
| Furniture and vehicles | 24 | €2,130 | €1,177 | -€953 | -44.7% |
| Current assets | 29/58 | €211,640 | €271,506 | +€59,866 | +28.3% |
| Amounts receivable within one year | 40/41 | - | €4,035 | +€4,035 | |
| Other amounts receivable | 41 | - | €4,035 | +€4,035 | |
| Current investments | 50/53 | €150,000 | €231,385 | +€81,385 | +54.3% |
| Cash at bank and in hand | 54/58 | €48,215 | €22,600 | -€25,615 | -53.1% |
| Deferred charges and accrued income | 490/1 | €13,425 | €13,486 | +€61 | +0.5% |
| Total equity and liabilities | 10/49 | €215,056 | €273,509 | +€58,453 | +27.2% |
| Equity | 10/15 | €193,792 | €251,950 | +€58,158 | +30.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €193,692 | €193,692 | = | 0.0% |
| Distributable reserves | 133 | €193,692 | €193,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €58,158 | +€58,158 | |
| Amounts payable | 17/49 | €21,264 | €21,559 | +€295 | +1.4% |
| Amounts payable within one year | 42/48 | €21,264 | €21,559 | +€295 | +1.4% |
| Trade debts | 44 | €3,262 | €4,741 | +€1,479 | +45.3% |
| Suppliers | 440/4 | €3,262 | €4,741 | +€1,479 | +45.3% |
| Taxes, remuneration and social security | 45 | €3,279 | - | -€3,279 | |
| Taxes | 450/3 | €3,279 | - | -€3,279 | |
| Other amounts payable | 47/48 | €14,723 | €16,818 | +€2,095 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,413 | €1,413 | = | 0.0% |
| Other operating charges | 640/8 | €787 | €807 | +€20 | +2.5% |
| Gross operating margin | 9900 | €76,989 | €73,385 | -€3,604 | -4.7% |
| Operating profit (loss) | 9901 | €74,789 | €71,165 | -€3,624 | -4.8% |
| Financial income | 75/76B | - | €1,989 | +€1,989 | |
| Recurring financial income | 75 | - | €1,989 | +€1,989 | |
| Financial charges | 65/66B | €51 | €61 | +€10 | +19.6% |
| Recurring financial charges | 65 | €51 | €61 | +€10 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €74,738 | €73,093 | -€1,645 | -2.2% |
| Income taxes | 67/77 | €20,627 | €14,935 | -€5,692 | -27.6% |
| Profit (loss) for the period | 9904 | €54,111 | €58,158 | +€4,047 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,111 | €58,158 | +€4,047 | +7.5% |
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 22 October 2026 via checked.be.