LEEV: what changed
LEEV
Largest movements
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Receivables within one year +€15,846
up €15,846 (+89.6%), from €17,684 to €33,530
of which Trade receivables: +€17,739
- Deferred charges and accrued income -€14,985
down €14,985 (-97.9%), from €15,305 to €320
- Tangible fixed assets -€8,435
down €8,435 (-29.2%), from €28,856 to €20,421
- Cash +€4,124
up €4,124 (+10.0%), from €41,099 to €45,223
mainly Net result for the year (+€83,638) and Current investments (+€70,000)
- Other debts -€51,610
down €51,610 (-47.0%), from €109,913 to €58,303
- Tax, wage and social debts -€10,320
down €10,320 (-23.3%), from €44,307 to €33,987
- Current portion of long-term debt -€10,225
down €10,225 (-74.8%), from €13,671 to €3,446
- Debts after one year -€3,446
no longer reported in 2025 (was €3,446)
- Trade debts +€2,152
up €2,152 (+354%), from €607 to €2,759
- Gross operating margin +€26,115
up €26,115 (+25.4%), from €102,974 to €129,088
- Taxes +€10,062
up €10,062 (+53.5%), from €18,808 to €28,869
- Financial income -€2,104
down €2,104 (-89.7%), from €2,346 to €243
- Depreciation +€1,826
up €1,826 (+13.3%), from €13,765 to €15,591
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,943 | €99,494 | -€73,449 | -42.5% |
| Fixed assets | 21/28 | €28,856 | €20,421 | -€8,435 | -29.2% |
| Tangible fixed assets | 22/27 | €28,856 | €20,421 | -€8,435 | -29.2% |
| Furniture and vehicles | 24 | €28,856 | €20,421 | -€8,435 | -29.2% |
| Current assets | 29/58 | €144,087 | €79,073 | -€65,014 | -45.1% |
| Amounts receivable within one year | 40/41 | €17,684 | €33,530 | +€15,846 | +89.6% |
| Trade receivables | 40 | €15,791 | €33,530 | +€17,739 | +112% |
| Other amounts receivable | 41 | €1,893 | - | -€1,893 | |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €41,099 | €45,223 | +€4,124 | +10.0% |
| Deferred charges and accrued income | 490/1 | €15,305 | €320 | -€14,985 | -97.9% |
| Total equity and liabilities | 10/49 | €172,943 | €99,494 | -€73,449 | -42.5% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €171,943 | €98,494 | -€73,449 | -42.7% |
| Amounts payable after more than one year | 17 | €3,446 | - | -€3,446 | |
| Financial debts | 170/4 | €3,446 | - | -€3,446 | |
| Amounts payable within one year | 42/48 | €168,498 | €98,494 | -€70,003 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €13,671 | €3,446 | -€10,225 | -74.8% |
| Trade debts | 44 | €607 | €2,759 | +€2,152 | +354% |
| Suppliers | 440/4 | €607 | €2,759 | +€2,152 | +354% |
| Taxes, remuneration and social security | 45 | €44,307 | €33,987 | -€10,320 | -23.3% |
| Taxes | 450/3 | €44,307 | €33,987 | -€10,320 | -23.3% |
| Other amounts payable | 47/48 | €109,913 | €58,303 | -€51,610 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,765 | €15,591 | +€1,826 | +13.3% |
| Other operating charges | 640/8 | €1,488 | €771 | -€717 | -48.2% |
| Gross operating margin | 9900 | €102,974 | €129,088 | +€26,115 | +25.4% |
| Operating profit (loss) | 9901 | €87,721 | €112,726 | +€25,005 | +28.5% |
| Financial income | 75/76B | €2,346 | €243 | -€2,104 | -89.7% |
| Recurring financial income | 75 | €2,346 | €243 | -€2,104 | -89.7% |
| Financial charges | 65/66B | €463 | €462 | -€1 | -0.3% |
| Recurring financial charges | 65 | €463 | €462 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €89,605 | €112,507 | +€22,902 | +25.6% |
| Income taxes | 67/77 | €18,808 | €28,869 | +€10,062 | +53.5% |
| Profit (loss) for the period | 9904 | €70,797 | €83,638 | +€12,841 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,797 | €83,638 | +€12,841 | +18.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.