LEIE & SCHELDE: 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 & SCHELDE
Largest movements
- Tangible fixed assets -€26,812
down €26,812 (-4.4%), from €603,383 to €576,571
of which Land and buildings: -€16,022
- Debts after one year -€61,186
down €61,186 (-14.8%), from €412,691 to €351,505
- Other debts +€19,795
up €19,795 (+16.1%), from €122,647 to €142,442
- Current portion of long-term debt -€9,734
down €9,734 (-13.7%), from €70,920 to €61,186
- Reserves +€8,192
up €8,192 (+14.3%), from €57,409 to €65,601
- Gross operating margin +€22,371
up €22,371 (+39.0%), from €57,399 to €79,770
- Financial charges +€6,852
up €6,852 (+34.1%), from €20,100 to €26,952
- Taxes +€4,773
up €4,773 (+137%), from €3,494 to €8,267
- Other operating charges +€1,980
up €1,980 (+26.2%), from €7,566 to €9,547
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 | €718,216 | €688,591 | -€29,625 | -4.1% |
| Fixed assets | 21/28 | €712,758 | €685,946 | -€26,812 | -3.8% |
| Tangible fixed assets | 22/27 | €603,383 | €576,571 | -€26,812 | -4.4% |
| Land and buildings | 22 | €572,712 | €556,690 | -€16,022 | -2.8% |
| Plant, machinery and equipment | 23 | €3,671 | €1,881 | -€1,790 | -48.8% |
| Furniture and vehicles | 24 | €27,000 | €18,000 | -€9,000 | -33.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €109,375 | €109,375 | = | 0.0% |
| Current assets | 29/58 | €5,458 | €2,646 | -€2,812 | -51.5% |
| Amounts receivable within one year | 40/41 | €2,435 | €0 | -€2,435 | -100% |
| Trade receivables | 40 | €492 | €0 | -€492 | -100% |
| Other amounts receivable | 41 | €1,943 | €0 | -€1,943 | -100% |
| Cash at bank and in hand | 54/58 | €2,698 | €2,471 | -€228 | -8.4% |
| Deferred charges and accrued income | 490/1 | €325 | €175 | -€150 | -46.2% |
| Total equity and liabilities | 10/49 | €718,216 | €688,591 | -€29,625 | -4.1% |
| Equity | 10/15 | €76,060 | €84,252 | +€8,192 | +10.8% |
| Contributions | 10/11 | €18,561 | €18,561 | = | 0.0% |
| Revaluation surpluses | 12 | €91 | €91 | = | 0.0% |
| Reserves | 13 | €57,409 | €65,601 | +€8,192 | +14.3% |
| Distributable reserves | 133 | €57,409 | €65,601 | +€8,192 | +14.3% |
| Amounts payable | 17/49 | €642,156 | €604,339 | -€37,817 | -5.9% |
| Amounts payable after more than one year | 17 | €412,691 | €351,505 | -€61,186 | -14.8% |
| Financial debts | 170/4 | €412,691 | €351,505 | -€61,186 | -14.8% |
| Amounts payable within one year | 42/48 | €229,465 | €249,484 | +€20,019 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €70,920 | €61,186 | -€9,734 | -13.7% |
| Financial debts | 43 | €25,747 | €30,387 | +€4,640 | +18.0% |
| Credit institutions | 430/8 | €25,747 | €30,387 | +€4,640 | +18.0% |
| Trade debts | 44 | €6,656 | €7,201 | +€544 | +8.2% |
| Suppliers | 440/4 | €6,656 | €7,201 | +€544 | +8.2% |
| Taxes, remuneration and social security | 45 | €3,494 | €8,267 | +€4,773 | +137% |
| Taxes | 450/3 | €3,494 | €8,267 | +€4,773 | +137% |
| Other amounts payable | 47/48 | €122,647 | €142,442 | +€19,795 | +16.1% |
| Accrued charges and deferred income | 492/3 | - | €3,351 | +€3,351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,223 | €26,812 | +€589 | +2.2% |
| Other operating charges | 640/8 | €7,566 | €9,547 | +€1,980 | +26.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €57,399 | €79,770 | +€22,371 | +39.0% |
| Operating profit (loss) | 9901 | €23,610 | €43,411 | +€19,802 | +83.9% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100% |
| Financial charges | 65/66B | €20,100 | €26,952 | +€6,852 | +34.1% |
| Recurring financial charges | 65 | €20,100 | €26,952 | +€6,852 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €3,533 | €16,459 | +€12,926 | +366% |
| Income taxes | 67/77 | €3,494 | €8,267 | +€4,773 | +137% |
| Profit (loss) for the period | 9904 | €39 | €8,192 | +€8,153 | +20,884% |
| Profit (loss) for the period to be appropriated | 9905 | €39 | €8,192 | +€8,153 | +20,884% |
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 29 October 2026 via checked.be.