LEIESTROOM: 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.
LEIESTROOM
Largest movements
- Tangible fixed assets +€4.9m
up €4.9m (+365%), from €1.4m to €6.3m
of which Assets under construction and advance payments: +€4.8m
- Cash -€2.0m
down €2.0m (-100%), from €2.0m to €0
mainly Investment in fixed assets (net) (-€5.5m) and Deferred charges and accrued income (-€1.0m)
- Receivables within one year -€1.7m
down €1.7m (-74.5%), from €2.3m to €578,577
of which Trade receivables: -€1.5m
- Deferred charges and accrued income +€1.0m
up €1.0m (+355%), from €291,449 to €1.3m
- Current investments +€951,412
new in 2025: €951,412
- Other debts +€3.2m
up €3.2m (+1,071%), from €302,388 to €3.5m
- Trade debts -€907,205
down €907,205 (-75.7%), from €1.2m to €291,708
- Reserves +€520,417
up €520,417 (+33.0%), from €1.6m to €2.1m
of which Distributable reserves: +€520,417
- Investment grants -€175,000
down €175,000 (-32.7%), from €535,909 to €360,909
- Accrued charges and deferred income +€160,509
up €160,509 (+81.5%), from €196,987 to €357,496
- Gross operating margin -€1.3m
down €1.3m (-59.7%), from €2.2m to €902,579
- Write-downs -€70,219
down €70,219, from €47,950 to -€22,269
- Depreciation -€66,863
down €66,863 (-10.5%), from €637,731 to €570,868
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 | €6,324,818 | €9,162,319 | +€2.8m | +44.9% |
| Fixed assets | 21/28 | €1,355,469 | €6,296,806 | +€4.9m | +365% |
| Tangible fixed assets | 22/27 | €1,355,469 | €6,296,806 | +€4.9m | +365% |
| Land and buildings | 22 | €1,136,970 | €1,333,001 | +€196,032 | +17.2% |
| Plant, machinery and equipment | 23 | €4,603 | €2,715 | -€1,888 | -41.0% |
| Furniture and vehicles | 24 | €69,723 | €41,222 | -€28,501 | -40.9% |
| Assets under construction and advance payments | 27 | €144,173 | €4,919,868 | +€4.8m | +3,312% |
| Current assets | 29/58 | €4,969,350 | €2,865,513 | -€2.1m | -42.3% |
| Stocks and contracts in progress | 3 | €414,417 | €8,180 | -€406,237 | -98.0% |
| Stocks | 30/36 | €414,417 | €8,180 | -€406,237 | -98.0% |
| Amounts receivable within one year | 40/41 | €2,267,254 | €578,577 | -€1.7m | -74.5% |
| Trade receivables | 40 | €1,940,399 | €450,977 | -€1.5m | -76.8% |
| Other amounts receivable | 41 | €326,855 | €127,600 | -€199,255 | -61.0% |
| Current investments | 50/53 | - | €951,412 | +€951,412 | |
| Cash at bank and in hand | 54/58 | €1,996,230 | €0 | -€2.0m | -100% |
| Deferred charges and accrued income | 490/1 | €291,449 | €1,327,344 | +€1.0m | +355% |
| Total equity and liabilities | 10/49 | €6,324,818 | €9,162,319 | +€2.8m | +44.9% |
| Equity | 10/15 | €4,626,531 | €4,971,948 | +€345,417 | +7.5% |
| Contributions | 10/11 | €2,515,623 | €2,515,623 | = | 0.0% |
| Capital | 10 | €2,515,623 | €2,515,623 | = | 0.0% |
| Issued capital | 100 | €2,515,623 | €2,515,623 | = | 0.0% |
| Reserves | 13 | €1,574,999 | €2,095,416 | +€520,417 | +33.0% |
| Non-distributable reserves | 130/1 | €251,562 | €251,562 | = | 0.0% |
| Legal reserve | 130 | €251,562 | €251,562 | = | 0.0% |
| Distributable reserves | 133 | €1,323,437 | €1,843,854 | +€520,417 | +39.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €535,909 | €360,909 | -€175,000 | -32.7% |
| Amounts payable | 17/49 | €1,698,287 | €4,190,371 | +€2.5m | +147% |
| Amounts payable within one year | 42/48 | €1,501,300 | €3,832,875 | +€2.3m | +155% |
| Trade debts | 44 | €1,198,912 | €291,708 | -€907,205 | -75.7% |
| Suppliers | 440/4 | €1,198,912 | €291,708 | -€907,205 | -75.7% |
| Other amounts payable | 47/48 | €302,388 | €3,541,167 | +€3.2m | +1,071% |
| Accrued charges and deferred income | 492/3 | €196,987 | €357,496 | +€160,509 | +81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637,731 | €570,868 | -€66,863 | -10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,950 | -€22,269 | -€70,219 | |
| Other operating charges | 640/8 | €20,896 | €17,061 | -€3,835 | -18.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,239,542 | €902,579 | -€1.3m | -59.7% |
| Operating profit (loss) | 9901 | €1,532,965 | €336,919 | -€1.2m | -78.0% |
| Financial income | 75/76B | €186,174 | €187,083 | +€909 | +0.5% |
| Recurring financial income | 75 | €186,174 | €187,083 | +€909 | +0.5% |
| Financial charges | 65/66B | €1,100 | €3,585 | +€2,484 | +226% |
| Recurring financial charges | 65 | €1,100 | €3,585 | +€2,484 | +226% |
| Profit (loss) for the period before taxes | 9903 | €1,718,038 | €520,417 | -€1.2m | -69.7% |
| Income taxes | 67/77 | €18,141 | €0 | -€18,141 | -100% |
| Profit (loss) for the period | 9904 | €1,699,898 | €520,417 | -€1.2m | -69.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,699,898 | €520,417 | -€1.2m | -69.4% |
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 13 October 2026 via checked.be.