LEEV GOED: what changed
Two fiscal 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.
LEEV GOED
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+30.2%), from €4.1m to €5.4m
of which Land and buildings: +€1.2m
- Cash -€875,836
down €875,836 (-94.9%), from €922,822 to €46,985
mainly Investment in fixed assets (net) (-€1.4m) and Trade debts (-€304,072)
- Debts after one year +€579,213
up €579,213 (+17.5%), from €3.3m to €3.9m
of which Financial debts: +€582,801
- Trade debts -€304,072
down €304,072 (-86.8%), from €350,319 to €46,247
- Other debts +€158,415
up €158,415 (+212.9%), from €74,402 to €232,817
- Reserves -€68,487
down €68,487 (-9.9%), from €690,157 to €621,669
of which Distributable reserves: -€50,149
- Current portion of long-term debt +€55,320
up €55,320 (+39.9%), from €138,796 to €194,116
- Gross operating margin +€77,603
up €77,603 (+47.8%), from €162,329 to €239,932
- Depreciation +€73,780
up €73,780 (+59.6%), from €123,701 to €197,480
- Financial charges +€14,491
up €14,491 (+14.9%), from €97,517 to €112,008
- Financial income +€10,371
up €10,371 (+8257.4%), from €126 to €10,497
- Other operating charges -€4,544
down €4,544 (-23.7%), from €19,138 to €14,594
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.
Cash bridge derived
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 | €5,078,865 | €5,501,760 | +€422,895 | +8.3% |
| Fixed assets | 21/28 | €4,128,279 | €5,373,333 | +€1.2m | +30.2% |
| Tangible fixed assets | 22/27 | €4,128,279 | €5,373,333 | +€1.2m | +30.2% |
| Land and buildings | 22 | €4,124,798 | €5,371,416 | +€1.2m | +30.2% |
| Furniture and vehicles | 24 | €3,481 | €1,916 | -€1,565 | -44.9% |
| Current assets | 29/58 | €950,586 | €128,427 | -€822,159 | -86.5% |
| Amounts receivable within one year | 40/41 | €4,965 | €59,926 | +€54,962 | +1107.0% |
| Trade receivables | 40 | - | €1,157 | +€1,157 | |
| Other amounts receivable | 41 | €4,965 | €58,770 | +€53,805 | +1083.7% |
| Cash at bank and in hand | 54/58 | €922,822 | €46,985 | -€875,836 | -94.9% |
| Deferred charges and accrued income | 490/1 | €22,799 | €21,515 | -€1,284 | -5.6% |
| Total equity and liabilities | 10/49 | €5,078,865 | €5,501,760 | +€422,895 | +8.3% |
| Equity | 10/15 | €1,008,192 | €939,705 | -€68,487 | -6.8% |
| Contributions | 10/11 | €318,035 | €318,035 | = | 0.0% |
| Reserves | 13 | €690,157 | €621,669 | -€68,487 | -9.9% |
| Tax-exempt reserves | 132 | €520,766 | €502,428 | -€18,338 | -3.5% |
| Distributable reserves | 133 | €169,391 | €119,242 | -€50,149 | -29.6% |
| Provisions and deferred taxes | 16 | €164,748 | €159,582 | -€5,166 | -3.1% |
| Deferred taxes | 168 | €164,748 | €159,582 | -€5,166 | -3.1% |
| Amounts payable | 17/49 | €3,905,925 | €4,402,473 | +€496,548 | +12.7% |
| Amounts payable after more than one year | 17 | €3,313,403 | €3,892,616 | +€579,213 | +17.5% |
| Financial debts | 170/4 | €3,295,628 | €3,878,429 | +€582,801 | +17.7% |
| Other amounts payable | 178/9 | €17,775 | €14,187 | -€3,588 | -20.2% |
| Amounts payable within one year | 42/48 | €563,518 | €473,180 | -€90,338 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €138,796 | €194,116 | +€55,320 | +39.9% |
| Trade debts | 44 | €350,319 | €46,247 | -€304,072 | -86.8% |
| Suppliers | 440/4 | €350,319 | €46,247 | -€304,072 | -86.8% |
| Other amounts payable | 47/48 | €74,402 | €232,817 | +€158,415 | +212.9% |
| Accrued charges and deferred income | 492/3 | €29,004 | €36,677 | +€7,672 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,701 | €197,480 | +€73,780 | +59.6% |
| Other operating charges | 640/8 | €19,138 | €14,594 | -€4,544 | -23.7% |
| Gross operating margin | 9900 | €162,329 | €239,932 | +€77,603 | +47.8% |
| Operating profit (loss) | 9901 | €19,491 | €27,858 | +€8,367 | +42.9% |
| Financial income | 75/76B | €126 | €10,497 | +€10,371 | +8257.4% |
| Recurring financial income | 75 | €126 | €10,497 | +€10,371 | +8257.4% |
| Financial charges | 65/66B | €97,517 | €112,008 | +€14,491 | +14.9% |
| Recurring financial charges | 65 | €97,517 | €112,008 | +€14,491 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€77,900 | -€73,653 | +€4,247 | +5.5% |
| Transfer from deferred taxes | 780 | €4,527 | €5,166 | +€638 | +14.1% |
| Profit (loss) for the period | 9904 | -€73,373 | -€68,487 | +€4,885 | +6.7% |
| Transfer from tax-exempt reserves | 789 | €16,424 | €18,338 | +€1,914 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,949 | -€50,149 | +€6,799 | +11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.