LEENSTRA: 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.
LEENSTRA
Largest movements
- Tangible fixed assets +€32,621
up €32,621 (+2.8%), from €1.2m to €1.2m
of which Plant, machinery and equipment: +€73,300
- Trade debts +€33,725
up €33,725 (+23.0%), from €146,946 to €180,671
- Reserves -€23,782
down €23,782 (-30.9%), from €76,945 to €53,163
of which Distributable reserves: -€23,782
- Other debts -€23,547
down €23,547 (-4.5%), from €521,592 to €498,045
- Gross operating margin -€49,363
down €49,363 (-22.9%), from €215,263 to €165,900
- Staff costs -€41,668
down €41,668 (-24.3%), from €171,159 to €129,490
- Financial income -€19,796
down €19,796 (-98.8%), from €20,030 to €234
- Depreciation +€8,843
up €8,843 (+19.4%), from €45,581 to €54,424
- Other operating charges -€7,138
down €7,138 (-64.7%), from €11,033 to €3,895
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,412,796 | €1,429,104 | +€16,307 | +1.2% |
| Fixed assets | 21/28 | €1,183,727 | €1,216,349 | +€32,621 | +2.8% |
| Tangible fixed assets | 22/27 | €1,183,727 | €1,216,349 | +€32,621 | +2.8% |
| Land and buildings | 22 | €1,118,236 | €1,083,830 | -€34,406 | -3.1% |
| Plant, machinery and equipment | 23 | €36,622 | €109,922 | +€73,300 | +200.2% |
| Furniture and vehicles | 24 | €28,869 | €22,596 | -€6,273 | -21.7% |
| Current assets | 29/58 | €229,069 | €212,755 | -€16,314 | -7.1% |
| Amounts receivable after more than one year | 29 | - | €590 | +€590 | |
| Trade receivables | 290 | - | €590 | +€590 | |
| Stocks and contracts in progress | 3 | €18,426 | €17,934 | -€492 | -2.7% |
| Stocks | 30/36 | €18,426 | €17,934 | -€492 | -2.7% |
| Amounts receivable within one year | 40/41 | €184,121 | €178,867 | -€5,254 | -2.9% |
| Trade receivables | 40 | €130,032 | €124,764 | -€5,268 | -4.1% |
| Other amounts receivable | 41 | €54,089 | €54,103 | +€14 | 0.0% |
| Cash at bank and in hand | 54/58 | €22,682 | €11,782 | -€10,900 | -48.1% |
| Deferred charges and accrued income | 490/1 | €3,841 | €3,582 | -€258 | -6.7% |
| Total equity and liabilities | 10/49 | €1,412,796 | €1,429,104 | +€16,307 | +1.2% |
| Equity | 10/15 | €275,260 | €251,478 | -€23,782 | -8.6% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €76,945 | €53,163 | -€23,782 | -30.9% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Distributable reserves | 133 | €57,114 | €33,332 | -€23,782 | -41.6% |
| Amounts payable | 17/49 | €1,137,536 | €1,177,625 | +€40,089 | +3.5% |
| Amounts payable after more than one year | 17 | €420,546 | €431,007 | +€10,462 | +2.5% |
| Financial debts | 170/4 | €20,546 | €31,007 | +€10,462 | +50.9% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €716,991 | €746,618 | +€29,628 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €8,654 | €14,510 | +€5,856 | +67.7% |
| Trade debts | 44 | €146,946 | €180,671 | +€33,725 | +23.0% |
| Suppliers | 440/4 | €146,946 | €180,671 | +€33,725 | +23.0% |
| Taxes, remuneration and social security | 45 | €39,798 | €53,392 | +€13,594 | +34.2% |
| Taxes | 450/3 | €18,017 | €32,286 | +€14,269 | +79.2% |
| Remuneration and social security | 454/9 | €21,782 | €21,106 | -€675 | -3.1% |
| Other amounts payable | 47/48 | €521,592 | €498,045 | -€23,547 | -4.5% |
| Remuneration, social security and pensions | 62 | €171,159 | €129,490 | -€41,668 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,581 | €54,424 | +€8,843 | +19.4% |
| Other operating charges | 640/8 | €11,033 | €3,895 | -€7,138 | -64.7% |
| Gross operating margin | 9900 | €215,263 | €165,900 | -€49,363 | -22.9% |
| Operating profit (loss) | 9901 | -€12,509 | -€21,909 | -€9,400 | -75.1% |
| Financial income | 75/76B | €20,030 | €234 | -€19,796 | -98.8% |
| Recurring financial income | 75 | €20,030 | €234 | -€19,796 | -98.8% |
| Financial charges | 65/66B | €1,304 | €1,636 | +€332 | +25.4% |
| Recurring financial charges | 65 | €1,304 | €1,636 | +€332 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €6,217 | -€23,311 | -€29,527 | |
| Income taxes | 67/77 | €3,889 | €471 | -€3,418 | -87.9% |
| Profit (loss) for the period | 9904 | €2,327 | -€23,782 | -€26,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,327 | -€23,782 | -€26,109 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.