LEIEKANT: 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.
What changed
LEIEKANT
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,923
2024 · -€65,877+€91,800
Equity
€1.4m
2024 · €1.4m+€25,923
Cash
€72,667
2024 · €85,956-€13,289
Balance sheet total
€7.1m
2024 · €5.8m+€1.3m
Largest movements
Assets
- Stocks and contracts +€793,680
new in 2025: €793,680
- Receivables within one year +€450,216
up €450,216 (+285%), from €158,041 to €608,256
of which Other amounts receivable: +€427,680
- Receivables after one year +€122,500
up €122,500 (+11.5%), from €1.1m to €1.2m
- Tangible fixed assets -€96,927
down €96,927 (-3.8%), from €2.5m to €2.4m
of which Other tangible fixed assets: -€82,781
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+42.3%), from €3.1m to €4.4m
- Debts after one year -€78,233
down €78,233 (-6.7%), from €1.2m to €1.1m
Income statement
- Gross operating margin +€68,106
up €68,106 (+48.4%), from €140,753 to €208,860
- Other operating charges -€22,918
down €22,918 (-39.0%), from €58,807 to €35,889
- Financial charges +€20,244
up €20,244 (+73.8%), from €27,444 to €47,688
- Taxes -€17,623
down €17,623 (-93.0%), from €18,943 to €1,320
- Financial income +€8,870
up €8,870 (+193%), from €4,591 to €13,461
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
-€65,877
Gross operating margin
+€68,106
Staff costs
+€1,837
Depreciation
-€7,310
Other operating charges
+€22,918
Financial income
+€8,870
Financial charges
-€20,244
Taxes
+€17,623
Result 2025
€25,923
raises the resultlowers the result
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.
From operations
+€86,323
Investment
-€11,417
Financing
-€88,195
Cash 2024
€85,956
From operations (derived)
+€86,323
Net result for the year
+€25,923
Depreciation
+€108,344
Receivables after one year
-€122,500
Stocks and contracts
-€793,680
Receivables within one year
-€450,216
Deferred charges and accrued income
-€28,289
Trade debts
+€41,648
Tax, wage and social debts
-€19,398
Other debts
+€1.3m
Accrued charges and deferred income
+€13,626
Investment (derived)
-€11,417
Investment in fixed assets (net)
-€11,417
Financing
-€88,195
Debts after one year
-€78,233
Current portion of long-term debt
-€9,962
Cash 2025
€72,667
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,846,507 | €7,130,976 | +€1.3m | +22.0% |
| Fixed assets | 21/28 | €4,475,874 | €4,378,947 | -€96,927 | -2.2% |
| Tangible fixed assets | 22/27 | €2,537,770 | €2,440,843 | -€96,927 | -3.8% |
| Land and buildings | 22 | €147,987 | €138,180 | -€9,807 | -6.6% |
| Furniture and vehicles | 24 | €18,486 | €14,146 | -€4,340 | -23.5% |
| Other tangible fixed assets | 26 | €2,371,297 | €2,288,516 | -€82,781 | -3.5% |
| Financial fixed assets | 28 | €1,938,104 | €1,938,104 | = | 0.0% |
| Current assets | 29/58 | €1,370,633 | €2,752,029 | +€1.4m | +101% |
| Amounts receivable after more than one year | 29 | €1,062,500 | €1,185,000 | +€122,500 | +11.5% |
| Other amounts receivable | 291 | €1,062,500 | €1,185,000 | +€122,500 | +11.5% |
| Stocks and contracts in progress | 3 | - | €793,680 | +€793,680 | |
| Stocks | 30/36 | - | €793,680 | +€793,680 | |
| Amounts receivable within one year | 40/41 | €158,041 | €608,256 | +€450,216 | +285% |
| Trade receivables | 40 | €24,835 | €47,371 | +€22,535 | +90.7% |
| Other amounts receivable | 41 | €133,205 | €560,886 | +€427,680 | +321% |
| Current investments | 50/53 | €63,072 | €63,072 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,956 | €72,667 | -€13,289 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,065 | €29,354 | +€28,289 | +2,657% |
| Total equity and liabilities | 10/49 | €5,846,507 | €7,130,976 | +€1.3m | +22.0% |
| Equity | 10/15 | €1,409,651 | €1,435,574 | +€25,923 | +1.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,413,027 | €1,413,027 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €1,406,777 | €1,406,777 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,877 | -€39,953 | +€25,923 | +39.4% |
| Amounts payable | 17/49 | €4,436,856 | €5,695,402 | +€1.3m | +28.4% |
| Amounts payable after more than one year | 17 | €1,162,956 | €1,084,723 | -€78,233 | -6.7% |
| Financial debts | 170/4 | €1,162,956 | €1,084,723 | -€78,233 | -6.7% |
| Amounts payable within one year | 42/48 | €3,273,900 | €4,597,053 | +€1.3m | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €104,020 | €94,058 | -€9,962 | -9.6% |
| Trade debts | 44 | €52,382 | €94,031 | +€41,648 | +79.5% |
| Suppliers | 440/4 | €52,382 | €94,031 | +€41,648 | +79.5% |
| Taxes, remuneration and social security | 45 | €20,718 | €1,320 | -€19,398 | -93.6% |
| Taxes | 450/3 | €18,300 | €1,320 | -€16,980 | -92.8% |
| Remuneration and social security | 454/9 | €2,418 | - | -€2,418 | |
| Other amounts payable | 47/48 | €3,096,780 | €4,407,644 | +€1.3m | +42.3% |
| Accrued charges and deferred income | 492/3 | - | €13,626 | +€13,626 | |
| Remuneration, social security and pensions | 62 | €4,994 | €3,157 | -€1,837 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,033 | €108,344 | +€7,310 | +7.2% |
| Other operating charges | 640/8 | €58,807 | €35,889 | -€22,918 | -39.0% |
| Gross operating margin | 9900 | €140,753 | €208,860 | +€68,106 | +48.4% |
| Operating profit (loss) | 9901 | -€24,081 | €61,470 | +€85,551 | |
| Financial income | 75/76B | €4,591 | €13,461 | +€8,870 | +193% |
| Recurring financial income | 75 | €4,591 | €13,461 | +€8,870 | +193% |
| Financial charges | 65/66B | €27,444 | €47,688 | +€20,244 | +73.8% |
| Recurring financial charges | 65 | €27,444 | €47,688 | +€20,244 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | -€46,934 | €27,244 | +€74,177 | |
| Income taxes | 67/77 | €18,943 | €1,320 | -€17,623 | -93.0% |
| Profit (loss) for the period | 9904 | -€65,877 | €25,923 | +€91,800 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,877 | €25,923 | +€91,800 |
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 27 October 2026 via checked.be.