Lein & Debeuf: 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.
Lein & Debeuf
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€20,654
up €20,654 (+6.5%), from €318,840 to €339,494
mainly Net result for the year (+€212,786) and Current investments (+€200,000)
- Profit (loss) carried forward -€287,214
down €287,214 (-66.4%), from €432,446 to €145,232
- Other debts +€98,941
up €98,941 (+19.7%), from €502,571 to €601,511
- Gross operating margin +€10,730
up €10,730 (+3.2%), from €331,319 to €342,049
- Financial income -€7,719
down €7,719 (-60.6%), from €12,732 to €5,013
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 | €1,650,712 | €1,452,507 | -€198,205 | -12.0% |
| Fixed assets | 21/28 | €1,081,406 | €1,066,583 | -€14,824 | -1.4% |
| Tangible fixed assets | 22/27 | €498,657 | €483,834 | -€14,824 | -3.0% |
| Land and buildings | 22 | €488,032 | €473,441 | -€14,591 | -3.0% |
| Furniture and vehicles | 24 | - | €1,523 | +€1,523 | |
| Other tangible fixed assets | 26 | €10,625 | €8,870 | -€1,755 | -16.5% |
| Financial fixed assets | 28 | €582,749 | €582,749 | = | 0.0% |
| Current assets | 29/58 | €569,305 | €385,924 | -€183,382 | -32.2% |
| Amounts receivable within one year | 40/41 | €44,597 | €40,613 | -€3,984 | -8.9% |
| Trade receivables | 40 | €8,288 | €5,120 | -€3,168 | -38.2% |
| Other amounts receivable | 41 | €36,309 | €35,493 | -€816 | -2.2% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €318,840 | €339,494 | +€20,654 | +6.5% |
| Deferred charges and accrued income | 490/1 | €5,869 | €5,817 | -€51 | -0.9% |
| Total equity and liabilities | 10/49 | €1,650,712 | €1,452,507 | -€198,205 | -12.0% |
| Equity | 10/15 | €1,132,279 | €845,065 | -€287,214 | -25.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €634,833 | €634,833 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,166 | €17,166 | = | 0.0% |
| Distributable reserves | 133 | €611,167 | €611,167 | = | 0.0% |
| Profit (loss) carried forward | 14 | €432,446 | €145,232 | -€287,214 | -66.4% |
| Amounts payable | 17/49 | €518,433 | €607,442 | +€89,009 | +17.2% |
| Amounts payable within one year | 42/48 | €518,433 | €607,442 | +€89,009 | +17.2% |
| Trade debts | 44 | €5,884 | €5,931 | +€47 | +0.8% |
| Suppliers | 440/4 | €5,884 | €5,931 | +€47 | +0.8% |
| Taxes, remuneration and social security | 45 | €9,978 | - | -€9,978 | |
| Taxes | 450/3 | €9,978 | - | -€9,978 | |
| Other amounts payable | 47/48 | €502,571 | €601,511 | +€98,941 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,347 | €16,637 | +€290 | +1.8% |
| Other operating charges | 640/8 | €44,688 | €44,578 | -€110 | -0.2% |
| Gross operating margin | 9900 | €331,319 | €342,049 | +€10,730 | +3.2% |
| Operating profit (loss) | 9901 | €270,285 | €280,834 | +€10,550 | +3.9% |
| Financial income | 75/76B | €12,732 | €5,013 | -€7,719 | -60.6% |
| Recurring financial income | 75 | €12,732 | €5,013 | -€7,719 | -60.6% |
| Financial charges | 65/66B | €405 | €474 | +€69 | +17.0% |
| Recurring financial charges | 65 | €405 | €474 | +€69 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €282,612 | €285,373 | +€2,761 | +1.0% |
| Income taxes | 67/77 | €73,798 | €72,588 | -€1,210 | -1.6% |
| Profit (loss) for the period | 9904 | €208,814 | €212,786 | +€3,972 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €208,814 | €212,786 | +€3,972 | +1.9% |
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 9 October 2026 via checked.be.