LEI 25: 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 25
Largest movements
- Tangible fixed assets -€25,422
down €25,422 (-2.6%), from €979,789 to €954,366
of which Land and buildings: -€16,695
- Receivables within one year -€14,973
down €14,973 (-99.8%), from €15,000 to €27
- Profit (loss) carried forward -€26,806
down €26,806 (-557%), from -€4,809 to -€31,616
- Debts after one year -€20,272
down €20,272 (-3.9%), from €524,125 to €503,853
- Gross operating margin -€429,982
down €429,982 (-91.1%), from €472,024 to €42,042
- Taxes -€108,774
no longer reported in 2025 (was €108,774)
- Financial charges -€24,345
down €24,345 (-49.9%), from €48,786 to €24,441
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 | €1,019,287 | €975,277 | -€44,010 | -4.3% |
| Fixed assets | 21/28 | €979,789 | €954,366 | -€25,422 | -2.6% |
| Tangible fixed assets | 22/27 | €979,789 | €954,366 | -€25,422 | -2.6% |
| Land and buildings | 22 | €971,061 | €954,366 | -€16,695 | -1.7% |
| Furniture and vehicles | 24 | €8,728 | - | -€8,728 | |
| Current assets | 29/58 | €39,498 | €20,910 | -€18,588 | -47.1% |
| Amounts receivable within one year | 40/41 | €15,000 | €27 | -€14,973 | -99.8% |
| Other amounts receivable | 41 | €15,000 | €27 | -€14,973 | -99.8% |
| Cash at bank and in hand | 54/58 | €24,240 | €20,623 | -€3,617 | -14.9% |
| Deferred charges and accrued income | 490/1 | €258 | €260 | +€2 | +0.7% |
| Total equity and liabilities | 10/49 | €1,019,287 | €975,277 | -€44,010 | -4.3% |
| Equity | 10/15 | €350,859 | €324,053 | -€26,806 | -7.6% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €331,669 | €331,669 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €329,269 | €329,269 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,809 | -€31,616 | -€26,806 | -557% |
| Amounts payable | 17/49 | €668,427 | €651,224 | -€17,204 | -2.6% |
| Amounts payable after more than one year | 17 | €524,125 | €503,853 | -€20,272 | -3.9% |
| Financial debts | 170/4 | €524,125 | €503,853 | -€20,272 | -3.9% |
| Amounts payable within one year | 42/48 | €144,302 | €147,370 | +€3,068 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €19,379 | €20,272 | +€893 | +4.6% |
| Trade debts | 44 | €4,199 | €4,179 | -€19 | -0.5% |
| Suppliers | 440/4 | €4,199 | €4,179 | -€19 | -0.5% |
| Taxes, remuneration and social security | 45 | €23,768 | €23,768 | = | 0.0% |
| Taxes | 450/3 | €23,768 | €23,768 | = | 0.0% |
| Other amounts payable | 47/48 | €96,956 | €99,151 | +€2,195 | +2.3% |
| Non-recurring operating income | 76A | €506,352 | - | -€506,352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,064 | €26,293 | +€229 | +0.9% |
| Other operating charges | 640/8 | €4,764 | €9,386 | +€4,622 | +97.0% |
| Non-recurring operating charges | 66A | - | €8,728 | +€8,728 | |
| Gross operating margin | 9900 | €472,024 | €42,042 | -€429,982 | -91.1% |
| Operating profit (loss) | 9901 | €441,196 | -€2,365 | -€443,562 | |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €48,786 | €24,441 | -€24,345 | -49.9% |
| Recurring financial charges | 65 | €48,786 | €24,441 | -€24,345 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €392,430 | -€26,806 | -€419,236 | |
| Income taxes | 67/77 | €108,774 | - | -€108,774 | |
| Profit (loss) for the period | 9904 | €283,656 | -€26,806 | -€310,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €283,656 | -€26,806 | -€310,462 |
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 20 October 2026 via checked.be.