LEENAERTS: 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.
LEENAERTS
Largest movements
- Stocks and contracts +€61,200
up €61,200 (+408%), from €15,000 to €76,200
- Cash -€35,994
down €35,994 (-37.9%), from €94,979 to €58,984
mainly Stocks and contracts (-€61,200) and Debts after one year (-€34,533)
- Receivables within one year -€28,384
down €28,384 (-95.3%), from €29,798 to €1,414
of which Other amounts receivable: -€24,906
- Tangible fixed assets -€24,829
down €24,829 (-5.6%), from €440,087 to €415,258
of which Furniture and vehicles: -€40,000
- Debts after one year -€34,533
down €34,533 (-23.0%), from €150,466 to €115,933
- Profit (loss) carried forward +€6,024
up €6,024 (+54.6%), from -€11,034 to -€5,010
- Gross operating margin +€67,170
up €67,170 (+712%), from €9,430 to €76,601
- Financial charges -€2,320
down €2,320 (-21.5%), from €10,812 to €8,492
- Depreciation -€2,113
down €2,113 (-3.9%), from €53,656 to €51,542
- Other operating charges +€1,297
up €1,297 (+25.9%), from €5,008 to €6,305
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 | €579,889 | €551,856 | -€28,033 | -4.8% |
| Fixed assets | 21/28 | €440,087 | €415,258 | -€24,829 | -5.6% |
| Tangible fixed assets | 22/27 | €440,087 | €415,258 | -€24,829 | -5.6% |
| Land and buildings | 22 | €319,905 | €318,778 | -€1,127 | -0.4% |
| Plant, machinery and equipment | 23 | €36,566 | €52,863 | +€16,297 | +44.6% |
| Furniture and vehicles | 24 | €83,616 | €43,616 | -€40,000 | -47.8% |
| Current assets | 29/58 | €139,802 | €136,598 | -€3,204 | -2.3% |
| Stocks and contracts in progress | 3 | €15,000 | €76,200 | +€61,200 | +408% |
| Stocks | 30/36 | €15,000 | €76,200 | +€61,200 | +408% |
| Amounts receivable within one year | 40/41 | €29,798 | €1,414 | -€28,384 | -95.3% |
| Trade receivables | 40 | €4,892 | €1,414 | -€3,478 | -71.1% |
| Other amounts receivable | 41 | €24,906 | - | -€24,906 | |
| Cash at bank and in hand | 54/58 | €94,979 | €58,984 | -€35,994 | -37.9% |
| Deferred charges and accrued income | 490/1 | €26 | - | -€26 | |
| Total equity and liabilities | 10/49 | €579,889 | €551,856 | -€28,033 | -4.8% |
| Equity | 10/15 | €390,679 | €396,703 | +€6,024 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €383,114 | €383,114 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €374,114 | €374,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,034 | -€5,010 | +€6,024 | +54.6% |
| Amounts payable | 17/49 | €189,210 | €155,153 | -€34,057 | -18.0% |
| Amounts payable after more than one year | 17 | €150,466 | €115,933 | -€34,533 | -23.0% |
| Financial debts | 170/4 | €150,466 | €115,933 | -€34,533 | -23.0% |
| Amounts payable within one year | 42/48 | €38,736 | €39,212 | +€476 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €35,367 | €34,533 | -€834 | -2.4% |
| Taxes, remuneration and social security | 45 | €3,370 | €4,679 | +€1,310 | +38.9% |
| Taxes | 450/3 | €3,370 | €4,679 | +€1,310 | +38.9% |
| Accrued charges and deferred income | 492/3 | €8 | €8 | = | 0.0% |
| Non-recurring operating income | 76A | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,656 | €51,542 | -€2,113 | -3.9% |
| Other operating charges | 640/8 | €5,008 | €6,305 | +€1,297 | +25.9% |
| Non-recurring operating charges | 66A | - | €4,539 | +€4,539 | |
| Gross operating margin | 9900 | €9,430 | €76,601 | +€67,170 | +712% |
| Operating profit (loss) | 9901 | -€49,233 | €14,215 | +€63,448 | |
| Financial income | 75/76B | €591 | €428 | -€162 | -27.5% |
| Recurring financial income | 75 | €591 | €428 | -€162 | -27.5% |
| Financial charges | 65/66B | €10,812 | €8,492 | -€2,320 | -21.5% |
| Recurring financial charges | 65 | €10,812 | €8,492 | -€2,320 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€59,454 | €6,151 | +€65,605 | |
| Income taxes | 67/77 | - | €127 | +€127 | |
| Profit (loss) for the period | 9904 | -€59,454 | €6,024 | +€65,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,454 | €6,024 | +€65,478 |
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 21 October 2026 via checked.be.