LEEN STRAUVEN: 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 STRAUVEN
Largest movements
- Stocks and contracts +€53,670
up €53,670 (+111%), from €48,232 to €101,902
- Cash -€10,530
down €10,530 (-24.1%), from €43,713 to €33,183
mainly Stocks and contracts (-€53,670) and Receivables within one year (-€3,454)
- Receivables within one year +€3,454
up €3,454 (+329%), from €1,050 to €4,503
- Tangible fixed assets -€3,250
down €3,250 (-24.7%), from €13,182 to €9,932
of which Furniture and vehicles: -€2,953
- Deferred charges and accrued income +€2,111
new in 2025: €2,111
- Current portion of long-term debt +€16,581
up €16,581 (+86.3%), from €19,219 to €35,800
- Trade debts +€12,146
up €12,146 (+1,782%), from €682 to €12,828
- Debts after one year +€9,200
up €9,200 (+9.6%), from €95,527 to €104,726
- Tax, wage and social debts +€4,530
up €4,530 (+91.9%), from €4,928 to €9,458
of which Taxes: +€3,938
- Profit (loss) carried forward +€3,055
up €3,055 (+14.3%), from -€21,348 to -€18,294
- Gross operating margin +€33,820
up €33,820, from -€15,804 to €18,016
- Staff costs +€6,868
new in 2025: €6,868
- Depreciation +€1,823
up €1,823 (+128%), from €1,428 to €3,250
- Financial charges +€729
up €729 (+24.5%), from €2,981 to €3,710
- Other operating charges -€666
down €666 (-30.3%), from €2,197 to €1,531
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 | €108,817 | €154,271 | +€45,454 | +41.8% |
| Fixed assets | 21/28 | €15,822 | €12,572 | -€3,250 | -20.5% |
| Tangible fixed assets | 22/27 | €13,182 | €9,932 | -€3,250 | -24.7% |
| Furniture and vehicles | 24 | €10,343 | €7,391 | -€2,953 | -28.5% |
| Other tangible fixed assets | 26 | €2,839 | €2,541 | -€298 | -10.5% |
| Financial fixed assets | 28 | €2,640 | €2,640 | = | 0.0% |
| Current assets | 29/58 | €92,995 | €141,699 | +€48,704 | +52.4% |
| Stocks and contracts in progress | 3 | €48,232 | €101,902 | +€53,670 | +111% |
| Stocks | 30/36 | €48,232 | €101,902 | +€53,670 | +111% |
| Amounts receivable within one year | 40/41 | €1,050 | €4,503 | +€3,454 | +329% |
| Trade receivables | 40 | €1,050 | €4,503 | +€3,454 | +329% |
| Cash at bank and in hand | 54/58 | €43,713 | €33,183 | -€10,530 | -24.1% |
| Deferred charges and accrued income | 490/1 | - | €2,111 | +€2,111 | |
| Total equity and liabilities | 10/49 | €108,817 | €154,271 | +€45,454 | +41.8% |
| Equity | 10/15 | -€17,348 | -€14,294 | +€3,055 | +17.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,348 | -€18,294 | +€3,055 | +14.3% |
| Amounts payable | 17/49 | €126,166 | €168,564 | +€42,399 | +33.6% |
| Amounts payable after more than one year | 17 | €95,527 | €104,726 | +€9,200 | +9.6% |
| Financial debts | 170/4 | €95,527 | €104,726 | +€9,200 | +9.6% |
| Amounts payable within one year | 42/48 | €30,639 | €62,998 | +€32,359 | +106% |
| Current portion of amounts payable after more than one year | 42 | €19,219 | €35,800 | +€16,581 | +86.3% |
| Trade debts | 44 | €682 | €12,828 | +€12,146 | +1,782% |
| Suppliers | 440/4 | €682 | €12,828 | +€12,146 | +1,782% |
| Taxes, remuneration and social security | 45 | €4,928 | €9,458 | +€4,530 | +91.9% |
| Taxes | 450/3 | €4,928 | €8,866 | +€3,938 | +79.9% |
| Remuneration and social security | 454/9 | - | €592 | +€592 | |
| Other amounts payable | 47/48 | €5,810 | €4,913 | -€898 | -15.4% |
| Accrued charges and deferred income | 492/3 | - | €840 | +€840 | |
| Remuneration, social security and pensions | 62 | - | €6,868 | +€6,868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,428 | €3,250 | +€1,823 | +128% |
| Other operating charges | 640/8 | €2,197 | €1,531 | -€666 | -30.3% |
| Gross operating margin | 9900 | -€15,804 | €18,016 | +€33,820 | |
| Operating profit (loss) | 9901 | -€19,429 | €6,366 | +€25,796 | |
| Financial income | 75/76B | €1,098 | €534 | -€564 | -51.4% |
| Recurring financial income | 75 | €1,098 | €534 | -€564 | -51.4% |
| Financial charges | 65/66B | €2,981 | €3,710 | +€729 | +24.5% |
| Recurring financial charges | 65 | €2,981 | €3,710 | +€729 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,312 | €3,190 | +€24,503 | |
| Income taxes | 67/77 | €36 | €135 | +€99 | +276% |
| Profit (loss) for the period | 9904 | -€21,348 | €3,055 | +€24,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,348 | €3,055 | +€24,403 |
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 28 October 2026 via checked.be.