LEEUWKE: 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.
LEEUWKE
Largest movements
- Tangible fixed assets -€183,306
down €183,306 (-6.2%), from €3.0m to €2.8m
of which Land and buildings: -€338,713
- Other debts -€487,064
no longer reported in 2025 (was €487,064)
- Debts after one year +€401,888
up €401,888 (+17.0%), from €2.4m to €2.8m
- Trade debts -€110,869
down €110,869 (-63.7%), from €173,916 to €63,047
- Gross operating margin +€67,999
up €67,999 (+22.0%), from €309,777 to €377,776
- Write-downs +€57,989
new in 2025: €57,989
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 | €3,042,061 | €2,849,621 | -€192,441 | -6.3% |
| Fixed assets | 21/28 | €2,951,217 | €2,767,912 | -€183,306 | -6.2% |
| Tangible fixed assets | 22/27 | €2,951,217 | €2,767,912 | -€183,306 | -6.2% |
| Land and buildings | 22 | €2,467,491 | €2,128,778 | -€338,713 | -13.7% |
| Assets under construction and advance payments | 27 | €483,726 | €639,133 | +€155,407 | +32.1% |
| Current assets | 29/58 | €90,844 | €81,709 | -€9,135 | -10.1% |
| Amounts receivable within one year | 40/41 | €84,580 | €77,234 | -€7,347 | -8.7% |
| Trade receivables | 40 | €82,694 | €77,234 | -€5,460 | -6.6% |
| Other amounts receivable | 41 | €1,887 | - | -€1,887 | |
| Cash at bank and in hand | 54/58 | €6,264 | €4,475 | -€1,789 | -28.6% |
| Total equity and liabilities | 10/49 | €3,042,061 | €2,849,621 | -€192,441 | -6.3% |
| Equity | 10/15 | €16,623 | €20,228 | +€3,605 | +21.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,377 | -€1,772 | +€3,605 | +67.0% |
| Amounts payable | 17/49 | €3,025,438 | €2,829,392 | -€196,046 | -6.5% |
| Amounts payable after more than one year | 17 | €2,364,458 | €2,766,346 | +€401,888 | +17.0% |
| Financial debts | 170/4 | €2,364,458 | €2,766,346 | +€401,888 | +17.0% |
| Amounts payable within one year | 42/48 | €660,980 | €63,047 | -€597,933 | -90.5% |
| Trade debts | 44 | €173,916 | €63,047 | -€110,869 | -63.7% |
| Suppliers | 440/4 | €173,916 | €63,047 | -€110,869 | -63.7% |
| Other amounts payable | 47/48 | €487,064 | - | -€487,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,144 | €13,979 | -€1,166 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €57,989 | +€57,989 | |
| Other operating charges | 640/8 | €112,647 | €110,526 | -€2,121 | -1.9% |
| Gross operating margin | 9900 | €309,777 | €377,776 | +€67,999 | +22.0% |
| Operating profit (loss) | 9901 | €181,985 | €195,282 | +€13,297 | +7.3% |
| Financial income | 75/76B | €1 | €170 | +€170 | +33,942% |
| Recurring financial income | 75 | €1 | €170 | +€170 | +33,942% |
| Financial charges | 65/66B | €189,334 | €191,848 | +€2,513 | +1.3% |
| Recurring financial charges | 65 | €189,334 | €191,848 | +€2,513 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,349 | €3,605 | +€10,953 | |
| Profit (loss) for the period | 9904 | -€7,349 | €3,605 | +€10,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,349 | €3,605 | +€10,953 |
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 19 October 2026 via checked.be.