LEENKNECHT: 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.
LEENKNECHT
Largest movements
- Receivables within one year +€32,729
up €32,729 (+31.2%), from €104,847 to €137,576
of which Other amounts receivable: +€39,056
- Cash -€30,388
down €30,388 (-81.5%), from €37,279 to €6,890
mainly Receivables within one year (-€32,729) and Debts after one year (-€12,870)
- Tangible fixed assets -€23,113
down €23,113 (-16.1%), from €143,548 to €120,435
of which Furniture and vehicles: -€17,475
- Stocks and contracts +€11,300
up €11,300 (+16.6%), from €68,016 to €79,316
- Financial fixed assets +€5,036
up €5,036 (+52.2%), from €9,654 to €14,690
- Trade debts +€20,026
up €20,026 (+29.9%), from €66,960 to €86,986
- Debts after one year -€12,870
down €12,870 (-45.0%), from €28,617 to €15,747
of which Financial debts: -€12,870
- Reserves +€12,803
up €12,803 (+9.3%), from €137,016 to €149,819
- Tax, wage and social debts -€9,883
down €9,883 (-65.1%), from €15,185 to €5,301
- Current portion of long-term debt -€6,601
down €6,601 (-11.1%), from €59,471 to €52,870
- Other operating charges -€21,920
down €21,920 (-37.4%), from €58,569 to €36,648
- Gross operating margin -€6,178
down €6,178 (-6.2%), from €99,283 to €93,105
- Taxes +€4,976
up €4,976 (+170%), from €2,927 to €7,903
- Financial charges -€1,495
down €1,495 (-22.9%), from €6,530 to €5,035
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 | €367,707 | €367,195 | -€511 | -0.1% |
| Fixed assets | 21/28 | €153,309 | €135,125 | -€18,184 | -11.9% |
| Intangible fixed assets | 21 | €107 | €0 | -€107 | -100% |
| Tangible fixed assets | 22/27 | €143,548 | €120,435 | -€23,113 | -16.1% |
| Land and buildings | 22 | €98,496 | €86,946 | -€11,550 | -11.7% |
| Plant, machinery and equipment | 23 | €2,736 | €8,647 | +€5,912 | +216% |
| Furniture and vehicles | 24 | €42,316 | €24,841 | -€17,475 | -41.3% |
| Financial fixed assets | 28 | €9,654 | €14,690 | +€5,036 | +52.2% |
| Current assets | 29/58 | €214,398 | €232,070 | +€17,673 | +8.2% |
| Stocks and contracts in progress | 3 | €68,016 | €79,316 | +€11,300 | +16.6% |
| Stocks | 30/36 | €68,016 | €79,316 | +€11,300 | +16.6% |
| Amounts receivable within one year | 40/41 | €104,847 | €137,576 | +€32,729 | +31.2% |
| Trade receivables | 40 | €47,664 | €41,338 | -€6,326 | -13.3% |
| Other amounts receivable | 41 | €57,183 | €96,238 | +€39,056 | +68.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €37,279 | €6,890 | -€30,388 | -81.5% |
| Deferred charges and accrued income | 490/1 | €4,256 | €8,288 | +€4,031 | +94.7% |
| Total equity and liabilities | 10/49 | €367,707 | €367,195 | -€511 | -0.1% |
| Equity | 10/15 | €157,016 | €169,819 | +€12,803 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,016 | €149,819 | +€12,803 | +9.3% |
| Distributable reserves | 133 | €137,016 | €149,819 | +€12,803 | +9.3% |
| Amounts payable | 17/49 | €210,691 | €197,377 | -€13,314 | -6.3% |
| Amounts payable after more than one year | 17 | €28,617 | €15,747 | -€12,870 | -45.0% |
| Financial debts | 170/4 | €25,817 | €12,947 | -€12,870 | -49.9% |
| Other amounts payable | 178/9 | €2,800 | €2,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €182,074 | €181,288 | -€786 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €59,471 | €52,870 | -€6,601 | -11.1% |
| Financial debts | 43 | €8,811 | €6,018 | -€2,794 | -31.7% |
| Credit institutions | 430/8 | €8,811 | €6,018 | -€2,794 | -31.7% |
| Trade debts | 44 | €66,960 | €86,986 | +€20,026 | +29.9% |
| Suppliers | 440/4 | €66,960 | €86,986 | +€20,026 | +29.9% |
| Taxes, remuneration and social security | 45 | €15,185 | €5,301 | -€9,883 | -65.1% |
| Taxes | 450/3 | €15,185 | €5,301 | -€9,883 | -65.1% |
| Other amounts payable | 47/48 | €31,647 | €30,113 | -€1,534 | -4.8% |
| Accrued charges and deferred income | 492/3 | €0 | €341 | +€341 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,673 | €30,779 | -€895 | -2.8% |
| Other operating charges | 640/8 | €58,569 | €36,648 | -€21,920 | -37.4% |
| Gross operating margin | 9900 | €99,283 | €93,105 | -€6,178 | -6.2% |
| Operating profit (loss) | 9901 | €9,041 | €25,678 | +€16,637 | +184% |
| Financial income | 75/76B | €782 | €62 | -€720 | -92.0% |
| Recurring financial income | 75 | €782 | €62 | -€720 | -92.0% |
| Financial charges | 65/66B | €6,530 | €5,035 | -€1,495 | -22.9% |
| Recurring financial charges | 65 | €6,530 | €5,035 | -€1,495 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €3,293 | €20,705 | +€17,412 | +529% |
| Income taxes | 67/77 | €2,927 | €7,903 | +€4,976 | +170% |
| Profit (loss) for the period | 9904 | €366 | €12,803 | +€12,436 | +3,394% |
| Profit (loss) for the period to be appropriated | 9905 | €366 | €12,803 | +€12,436 | +3,394% |
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 30 October 2026 via checked.be.