LEIEVALLEI: what changed
Two fiscal 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.
LEIEVALLEI
Largest movements
- Tangible fixed assets -€41,813
down €41,813 (-4.4%), from €958,983 to €917,169
- Debts after one year -€49,727
down €49,727 (-48.7%), from €102,053 to €52,326
- Reserves +€12,485
up €12,485 (+5.6%), from €223,843 to €236,328
of which Distributable reserves: +€11,176
- Gross operating margin +€3,719
up €3,719 (+4.2%), from €87,622 to €91,341
- Financial charges -€2,062
down €2,062 (-40.2%), from €5,134 to €3,072
- Taxes +€1,481
up €1,481 (+13.5%), from €10,989 to €12,471
- Other operating charges +€1,111
up €1,111 (+16.6%), from €6,698 to €7,809
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.
Cash bridge derived
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 | €970,933 | €930,637 | -€40,296 | -4.2% |
| Fixed assets | 21/28 | €958,983 | €917,169 | -€41,813 | -4.4% |
| Tangible fixed assets | 22/27 | €958,983 | €917,169 | -€41,813 | -4.4% |
| Land and buildings | 22 | €958,983 | €917,169 | -€41,813 | -4.4% |
| Current assets | 29/58 | €11,950 | €13,467 | +€1,517 | +12.7% |
| Cash at bank and in hand | 54/58 | €9,915 | €11,353 | +€1,439 | +14.5% |
| Deferred charges and accrued income | 490/1 | €2,035 | €2,114 | +€78 | +3.9% |
| Total equity and liabilities | 10/49 | €970,933 | €930,637 | -€40,296 | -4.2% |
| Equity | 10/15 | €800,416 | €812,591 | +€12,176 | +1.5% |
| Contributions | 10/11 | €576,000 | €576,000 | = | 0.0% |
| Capital | 10 | €576,000 | €576,000 | = | 0.0% |
| Issued capital | 100 | €576,000 | €576,000 | = | 0.0% |
| Reserves | 13 | €223,843 | €236,328 | +€12,485 | +5.6% |
| Non-distributable reserves | 130/1 | €11,221 | €12,530 | +€1,309 | +11.7% |
| Legal reserve | 130 | €11,221 | €12,530 | +€1,309 | +11.7% |
| Distributable reserves | 133 | €212,622 | €223,798 | +€11,176 | +5.3% |
| Profit (loss) carried forward | 14 | €572 | €264 | -€309 | -53.9% |
| Amounts payable | 17/49 | €170,517 | €118,045 | -€52,472 | -30.8% |
| Amounts payable after more than one year | 17 | €102,053 | €52,326 | -€49,727 | -48.7% |
| Financial debts | 170/4 | €102,053 | €52,326 | -€49,727 | -48.7% |
| Amounts payable within one year | 42/48 | €66,208 | €64,126 | -€2,083 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €48,963 | €45,481 | -€3,482 | -7.1% |
| Trade debts | 44 | €160 | €100 | -€60 | -37.6% |
| Suppliers | 440/4 | €160 | €100 | -€60 | -37.6% |
| Taxes, remuneration and social security | 45 | €4,618 | €3,207 | -€1,411 | -30.6% |
| Taxes | 450/3 | €4,618 | €3,207 | -€1,411 | -30.6% |
| Other amounts payable | 47/48 | €12,467 | €15,337 | +€2,870 | +23.0% |
| Accrued charges and deferred income | 492/3 | €2,255 | €1,594 | -€662 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,813 | €41,813 | = | 0.0% |
| Other operating charges | 640/8 | €6,698 | €7,809 | +€1,111 | +16.6% |
| Gross operating margin | 9900 | €87,622 | €91,341 | +€3,719 | +4.2% |
| Operating profit (loss) | 9901 | €39,111 | €41,718 | +€2,607 | +6.7% |
| Financial charges | 65/66B | €5,134 | €3,072 | -€2,062 | -40.2% |
| Recurring financial charges | 65 | €5,134 | €3,072 | -€2,062 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €33,977 | €38,647 | +€4,669 | +13.7% |
| Income taxes | 67/77 | €10,989 | €12,471 | +€1,481 | +13.5% |
| Profit (loss) for the period | 9904 | €22,988 | €26,176 | +€3,188 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,988 | €26,176 | +€3,188 | +13.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.