LEON NIESSEN: 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.
LEON NIESSEN
Largest movements
- Cash +€74,859
up €74,859 (+1,038%), from €7,215 to €82,074
mainly Net result for the year (+€126,430) and Investment in fixed assets (net) (+€48,380)
- Tangible fixed assets -€57,965
down €57,965 (-100%), from €57,965 to €0
of which Land and buildings: -€48,380
- Profit (loss) carried forward +€126,430
up €126,430, from -€70,669 to €55,761
- Other debts -€53,408
down €53,408 (-100%), from €53,408 to €0
- Current portion of long-term debt -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tax, wage and social debts -€5,927
down €5,927 (-53.5%), from €11,077 to €5,150
of which Remuneration and social security: -€10,000
- Gross operating margin +€146,005
up €146,005, from -€3,610 to €142,395
- Taxes +€4,902
up €4,902 (+1,961%), from €250 to €5,152
- Depreciation -€3,350
down €3,350 (-25.9%), from €12,935 to €9,585
- Other operating charges -€1,654
down €1,654 (-59.5%), from €2,782 to €1,128
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 | €65,718 | €82,740 | +€17,022 | +25.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €57,965 | €0 | -€57,965 | -100% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €57,965 | €0 | -€57,965 | -100% |
| Land and buildings | 22 | €48,380 | €0 | -€48,380 | -100% |
| Furniture and vehicles | 24 | €9,585 | €0 | -€9,585 | -100% |
| Current assets | 29/58 | €7,753 | €82,740 | +€74,987 | +967% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €538 | €666 | +€128 | +23.8% |
| Trade receivables | 40 | €538 | €0 | -€538 | -100% |
| Other amounts receivable | 41 | - | €666 | +€666 | |
| Cash at bank and in hand | 54/58 | €7,215 | €82,074 | +€74,859 | +1,038% |
| Total equity and liabilities | 10/49 | €65,718 | €82,740 | +€17,022 | +25.9% |
| Equity | 10/15 | -€48,840 | €77,590 | +€126,430 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,279 | €3,279 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,424 | €1,424 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,669 | €55,761 | +€126,430 | |
| Amounts payable | 17/49 | €114,558 | €5,150 | -€109,408 | -95.5% |
| Amounts payable within one year | 42/48 | €114,558 | €5,150 | -€109,408 | -95.5% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €73 | €0 | -€73 | -100% |
| Suppliers | 440/4 | €73 | €0 | -€73 | -100% |
| Taxes, remuneration and social security | 45 | €11,077 | €5,150 | -€5,927 | -53.5% |
| Taxes | 450/3 | €1,077 | €5,150 | +€4,073 | +378% |
| Remuneration and social security | 454/9 | €10,000 | €0 | -€10,000 | -100% |
| Other amounts payable | 47/48 | €53,408 | €0 | -€53,408 | -100% |
| Non-recurring operating income | 76A | €0 | €151,620 | +€151,620 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,935 | €9,585 | -€3,350 | -25.9% |
| Other operating charges | 640/8 | €2,782 | €1,128 | -€1,654 | -59.5% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | -€3,610 | €142,395 | +€146,005 | |
| Operating profit (loss) | 9901 | -€19,327 | €131,624 | +€150,951 | |
| Financial charges | 65/66B | €40 | €42 | +€2 | +5.0% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,367 | €131,582 | +€150,949 | |
| Income taxes | 67/77 | €250 | €5,152 | +€4,902 | +1,961% |
| Profit (loss) for the period | 9904 | -€19,617 | €126,430 | +€146,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,617 | €126,430 | +€146,047 |
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 24 October 2026 via checked.be.