LEI: 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.
LEI
Largest movements
- Receivables within one year +€256,496
new in 2025: €256,496
- Tangible fixed assets -€102,674
no longer reported in 2025 (was €102,674)
- Reserves +€260,000
up €260,000 (+13,985%), from €1,859 to €261,859
of which Distributable reserves: +€260,000
- Debts after one year -€236,701
no longer reported in 2025 (was €236,701)
- Tax, wage and social debts +€99,868
up €99,868 (+20,806%), from €480 to €100,348
- Profit (loss) carried forward +€29,196
up €29,196, from -€23,889 to €5,307
- Gross operating margin +€373,057
up €373,057 (+2,043%), from €18,264 to €391,320
- Taxes +€99,388
up €99,388 (+20,706%), from €480 to €99,868
- Staff costs -€27,255
no longer reported in 2025 (was €27,255)
- Depreciation -€7,931
no longer reported in 2025 (was €7,931)
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 | €233,744 | €386,581 | +€152,838 | +65.4% |
| Fixed assets | 21/28 | €231,925 | €129,251 | -€102,674 | -44.3% |
| Tangible fixed assets | 22/27 | €102,674 | - | -€102,674 | |
| Land and buildings | 22 | €102,674 | - | -€102,674 | |
| Financial fixed assets | 28 | €129,251 | €129,251 | = | 0.0% |
| Current assets | 29/58 | €1,818 | €257,330 | +€255,512 | +14,052% |
| Amounts receivable within one year | 40/41 | - | €256,496 | +€256,496 | |
| Other amounts receivable | 41 | - | €256,496 | +€256,496 | |
| Cash at bank and in hand | 54/58 | €1,818 | €834 | -€984 | -54.1% |
| Total equity and liabilities | 10/49 | €233,744 | €386,581 | +€152,838 | +65.4% |
| Equity | 10/15 | -€3,437 | €285,759 | +€289,196 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €261,859 | +€260,000 | +13,985% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €260,000 | +€260,000 | |
| Profit (loss) carried forward | 14 | -€23,889 | €5,307 | +€29,196 | |
| Amounts payable | 17/49 | €237,181 | €100,823 | -€136,358 | -57.5% |
| Amounts payable after more than one year | 17 | €236,701 | - | -€236,701 | |
| Financial debts | 170/4 | €236,701 | - | -€236,701 | |
| Amounts payable within one year | 42/48 | €480 | €100,823 | +€100,343 | +20,905% |
| Trade debts | 44 | - | €475 | +€475 | |
| Suppliers | 440/4 | - | €475 | +€475 | |
| Taxes, remuneration and social security | 45 | €480 | €100,348 | +€99,868 | +20,806% |
| Taxes | 450/3 | €480 | €100,348 | +€99,868 | +20,806% |
| Non-recurring operating income | 76A | - | €397,326 | +€397,326 | |
| Remuneration, social security and pensions | 62 | €27,255 | - | -€27,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,931 | - | -€7,931 | |
| Other operating charges | 640/8 | €1,357 | €1,102 | -€255 | -18.8% |
| Gross operating margin | 9900 | €18,264 | €391,320 | +€373,057 | +2,043% |
| Operating profit (loss) | 9901 | -€18,279 | €390,218 | +€408,497 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €237 | €1,155 | +€917 | +387% |
| Recurring financial charges | 65 | €237 | €1,155 | +€917 | +387% |
| Profit (loss) for the period before taxes | 9903 | -€18,509 | €389,064 | +€407,572 | |
| Income taxes | 67/77 | €480 | €99,868 | +€99,388 | +20,706% |
| Profit (loss) for the period | 9904 | -€18,989 | €289,196 | +€308,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,989 | €289,196 | +€308,184 |
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 14 October 2026 via checked.be.