LEEVANEER: 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.
What changed
LEEVANEER
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,592
2024 · €11,671+€6,921
Equity
€1.9m
2024 · €1.8m+€18,592
Cash
€79,421
2024 · €65,732+€13,689
Balance sheet total
€4.5m
2024 · €4.6m-€105,442
Largest movements
Assets
- Tangible fixed assets -€107,069
down €107,069 (-2.4%), from €4.5m to €4.4m
Equity and liabilities
- Short-term financial debts -€123,647
down €123,647 (-10.3%), from €1.2m to €1.1m
- Advances received +€105,000
new in 2025: €105,000
- Debts after one year -€100,965
down €100,965 (-7.4%), from €1.4m to €1.3m
Income statement
- Gross operating margin +€6,851
up €6,851 (+3.3%), from €207,033 to €213,885
- Financial charges -€4,353
down €4,353 (-7.5%), from €57,878 to €53,525
- Taxes +€3,230
up €3,230 (+59.3%), from €5,447 to €8,676
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.
Result 2024
€11,671
Gross operating margin
+€6,851
Other operating charges
-€734
Financial income
-€319
Financial charges
+€4,353
Taxes
-€3,230
Result 2025
€18,592
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.
From operations
+€237,356
Investment
€0
Financing
-€223,667
Cash 2024
€65,732
From operations (derived)
+€237,356
Net result for the year
+€18,592
Depreciation
+€107,069
Receivables within one year
+€12,096
Smaller working-capital items
+€267
Advances received
+€105,000
Other debts
+€3,760
Accrued charges and deferred income
-€9,427
Financing
-€223,667
Debts after one year
-€100,965
Current portion of long-term debt
+€944
Short-term financial debts
-€123,647
Cash 2025
€79,421
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,630,264 | €4,524,822 | -€105,442 | -2.3% |
| Fixed assets | 21/28 | €4,547,713 | €4,440,644 | -€107,069 | -2.4% |
| Tangible fixed assets | 22/27 | €4,547,713 | €4,440,644 | -€107,069 | -2.4% |
| Land and buildings | 22 | €4,547,713 | €4,440,644 | -€107,069 | -2.4% |
| Current assets | 29/58 | €82,551 | €84,178 | +€1,627 | +2.0% |
| Amounts receivable within one year | 40/41 | €13,487 | €1,391 | -€12,096 | -89.7% |
| Other amounts receivable | 41 | €13,487 | €1,391 | -€12,096 | -89.7% |
| Cash at bank and in hand | 54/58 | €65,732 | €79,421 | +€13,689 | +20.8% |
| Deferred charges and accrued income | 490/1 | €3,333 | €3,367 | +€34 | +1.0% |
| Total equity and liabilities | 10/49 | €4,630,264 | €4,524,822 | -€105,442 | -2.3% |
| Equity | 10/15 | €1,844,414 | €1,863,006 | +€18,592 | +1.0% |
| Contributions | 10/11 | €1,450,550 | €1,450,550 | = | 0.0% |
| Reserves | 13 | €389,119 | €407,711 | +€18,592 | +4.8% |
| Distributable reserves | 133 | €389,119 | €407,711 | +€18,592 | +4.8% |
| Profit (loss) carried forward | 14 | €4,746 | €4,746 | = | 0.0% |
| Amounts payable | 17/49 | €2,785,850 | €2,661,816 | -€124,034 | -4.5% |
| Amounts payable after more than one year | 17 | €1,368,351 | €1,267,386 | -€100,965 | -7.4% |
| Financial debts | 170/4 | €1,368,351 | €1,267,386 | -€100,965 | -7.4% |
| Amounts payable within one year | 42/48 | €1,364,360 | €1,350,718 | -€13,642 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €100,020 | €100,965 | +€944 | +0.9% |
| Financial debts | 43 | €1,201,441 | €1,077,795 | -€123,647 | -10.3% |
| Other loans | 439 | €1,201,441 | €1,077,795 | -€123,647 | -10.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | - | €105,000 | +€105,000 | |
| Taxes, remuneration and social security | 45 | €3,904 | €4,204 | +€301 | +7.7% |
| Taxes | 450/3 | €3,904 | €4,204 | +€301 | +7.7% |
| Other amounts payable | 47/48 | €58,994 | €62,754 | +€3,760 | +6.4% |
| Accrued charges and deferred income | 492/3 | €53,140 | €43,712 | -€9,427 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,069 | €107,069 | = | 0.0% |
| Other operating charges | 640/8 | €25,526 | €26,260 | +€734 | +2.9% |
| Gross operating margin | 9900 | €207,033 | €213,885 | +€6,851 | +3.3% |
| Operating profit (loss) | 9901 | €74,439 | €80,557 | +€6,118 | +8.2% |
| Financial income | 75/76B | €557 | €237 | -€319 | -57.4% |
| Recurring financial income | 75 | €557 | €237 | -€319 | -57.4% |
| Financial charges | 65/66B | €57,878 | €53,525 | -€4,353 | -7.5% |
| Recurring financial charges | 65 | €57,878 | €53,525 | -€4,353 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €17,118 | €27,268 | +€10,151 | +59.3% |
| Income taxes | 67/77 | €5,447 | €8,676 | +€3,230 | +59.3% |
| Profit (loss) for the period | 9904 | €11,671 | €18,592 | +€6,921 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,671 | €18,592 | +€6,921 | +59.3% |
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 30 September 2026 via checked.be.