LEIE CONSULT: 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.
LEIE CONSULT
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+117%), from €1.4m to €3.1m
of which Land and buildings: +€1.7m
- Cash -€282,318
down €282,318 (-83.9%), from €336,338 to €54,020
mainly Investment in fixed assets (net) (-€1.7m) and Tax, wage and social debts (-€5,618)
- Debts after one year +€1.2m
up €1.2m (+49.1%), from €2.4m to €3.6m
- Current portion of long-term debt +€97,500
up €97,500 (+22.2%), from €439,976 to €537,476
- Financial income -€384,892
down €384,892 (-87.4%), from €440,628 to €55,736
- Gross operating margin +€80,313
up €80,313 (+71.0%), from €113,116 to €193,429
- Financial charges +€36,020
up €36,020 (+36.5%), from €98,709 to €134,729
- Taxes -€28,509
down €28,509 (-88.2%), from €32,328 to €3,819
- Depreciation -€27,549
down €27,549 (-28.9%), from €95,319 to €67,770
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 | €5,044,138 | €6,417,824 | +€1.4m | +27.2% |
| Fixed assets | 21/28 | €4,125,007 | €5,777,556 | +€1.7m | +40.1% |
| Tangible fixed assets | 22/27 | €1,417,507 | €3,070,056 | +€1.7m | +117% |
| Land and buildings | 22 | €1,361,974 | €3,028,913 | +€1.7m | +122% |
| Plant, machinery and equipment | 23 | €560 | - | -€560 | |
| Furniture and vehicles | 24 | €51,651 | €38,391 | -€13,260 | -25.7% |
| Other tangible fixed assets | 26 | €3,322 | €2,752 | -€570 | -17.2% |
| Financial fixed assets | 28 | €2,707,500 | €2,707,500 | = | 0.0% |
| Current assets | 29/58 | €919,131 | €640,268 | -€278,863 | -30.3% |
| Amounts receivable after more than one year | 29 | €580,000 | €580,000 | = | 0.0% |
| Other amounts receivable | 291 | €580,000 | €580,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €336,338 | €54,020 | -€282,318 | -83.9% |
| Deferred charges and accrued income | 490/1 | €2,793 | €6,248 | +€3,455 | +124% |
| Total equity and liabilities | 10/49 | €5,044,138 | €6,417,824 | +€1.4m | +27.2% |
| Equity | 10/15 | €1,301,875 | €1,337,991 | +€36,116 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,283,275 | €1,319,391 | +€36,116 | +2.8% |
| Distributable reserves | 133 | €1,283,275 | €1,319,391 | +€36,116 | +2.8% |
| Amounts payable | 17/49 | €3,742,263 | €5,079,833 | +€1.3m | +35.7% |
| Amounts payable after more than one year | 17 | €2,412,667 | €3,597,653 | +€1.2m | +49.1% |
| Financial debts | 170/4 | €2,412,667 | €3,597,653 | +€1.2m | +49.1% |
| Amounts payable within one year | 42/48 | €1,329,596 | €1,465,680 | +€136,084 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €439,976 | €537,476 | +€97,500 | +22.2% |
| Trade debts | 44 | €220 | €6,181 | +€5,961 | +2,710% |
| Suppliers | 440/4 | €220 | €6,181 | +€5,961 | +2,710% |
| Taxes, remuneration and social security | 45 | €40,865 | €35,247 | -€5,618 | -13.7% |
| Taxes | 450/3 | €40,865 | €35,247 | -€5,618 | -13.7% |
| Other amounts payable | 47/48 | €848,535 | €886,776 | +€38,241 | +4.5% |
| Accrued charges and deferred income | 492/3 | - | €16,500 | +€16,500 | |
| Non-recurring operating income | 76A | €14,000 | - | -€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,319 | €67,770 | -€27,549 | -28.9% |
| Other operating charges | 640/8 | €6,234 | €6,171 | -€63 | -1.0% |
| Non-recurring operating charges | 66A | - | €560 | +€560 | |
| Gross operating margin | 9900 | €113,116 | €193,429 | +€80,313 | +71.0% |
| Operating profit (loss) | 9901 | €11,563 | €118,928 | +€107,365 | +929% |
| Financial income | 75/76B | €440,628 | €55,736 | -€384,892 | -87.4% |
| Recurring financial income | 75 | €440,628 | €55,736 | -€384,892 | -87.4% |
| Financial charges | 65/66B | €98,709 | €134,729 | +€36,020 | +36.5% |
| Recurring financial charges | 65 | €98,709 | €134,729 | +€36,020 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €353,482 | €39,935 | -€313,547 | -88.7% |
| Income taxes | 67/77 | €32,328 | €3,819 | -€28,509 | -88.2% |
| Profit (loss) for the period | 9904 | €321,154 | €36,116 | -€285,038 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €321,154 | €36,116 | -€285,038 | -88.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.