LEOPOLD VAN EECKE: 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.
LEOPOLD VAN EECKE
Largest movements
- Tangible fixed assets +€3.1m
up €3.1m (+88.1%), from €3.5m to €6.6m
of which Land and buildings: +€2.8m
- Receivables within one year -€99,653
down €99,653 (-96.2%), from €103,545 to €3,892
of which Other amounts receivable: -€102,500
- Other debts +€1.6m
up €1.6m (+15676.1%), from €10,425 to €1.6m
- Debts after one year +€1.5m
new in 2025: €1.5m
- Profit (loss) carried forward -€439,154
down €439,154 (-122.7%), from -€358,039 to -€797,193
- Current portion of long-term debt +€204,625
new in 2025: €204,625
- Depreciation +€255,513
up €255,513 (+210.2%), from €121,566 to €377,079
- Other operating charges +€222,115
up €222,115 (+1080.1%), from €20,565 to €242,679
- Gross operating margin +€22,990
up €22,990 (+13.0%), from €176,481 to €199,471
- Financial charges +€19,012
up €19,012 (+16237.4%), from €117 to €19,130
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 | €3,669,739 | €6,604,427 | +€2.9m | +80.0% |
| Fixed assets | 21/28 | €3,495,590 | €6,574,718 | +€3.1m | +88.1% |
| Tangible fixed assets | 22/27 | €3,495,590 | €6,574,718 | +€3.1m | +88.1% |
| Land and buildings | 22 | €3,045,976 | €5,827,615 | +€2.8m | +91.3% |
| Furniture and vehicles | 24 | €11,402 | €7,814 | -€3,588 | -31.5% |
| Other tangible fixed assets | 26 | €438,212 | €739,289 | +€301,077 | +68.7% |
| Current assets | 29/58 | €174,149 | €29,709 | -€144,440 | -82.9% |
| Amounts receivable within one year | 40/41 | €103,545 | €3,892 | -€99,653 | -96.2% |
| Trade receivables | 40 | €1,045 | €3,892 | +€2,847 | +272.6% |
| Other amounts receivable | 41 | €102,500 | €0 | -€102,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,064 | €24,457 | -€44,607 | -64.6% |
| Deferred charges and accrued income | 490/1 | €1,540 | €1,360 | -€180 | -11.7% |
| Total equity and liabilities | 10/49 | €3,669,739 | €6,604,427 | +€2.9m | +80.0% |
| Equity | 10/15 | €3,649,961 | €3,210,807 | -€439,154 | -12.0% |
| Contributions | 10/11 | €4,008,000 | €4,008,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€358,039 | -€797,193 | -€439,154 | -122.7% |
| Amounts payable | 17/49 | €19,778 | €3,393,621 | +€3.4m | +17058.7% |
| Amounts payable after more than one year | 17 | - | €1,528,487 | +€1.5m | |
| Financial debts | 170/4 | - | €1,528,487 | +€1.5m | |
| Amounts payable within one year | 42/48 | €19,708 | €1,863,914 | +€1.8m | +9357.7% |
| Current portion of amounts payable after more than one year | 42 | - | €204,625 | +€204,625 | |
| Trade debts | 44 | €6,471 | €11,656 | +€5,185 | +80.1% |
| Suppliers | 440/4 | €5,780 | €11,656 | +€5,876 | +101.7% |
| Bills of exchange payable | 441 | €691 | €0 | -€691 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,812 | €3,014 | +€201 | +7.2% |
| Taxes | 450/3 | €2,812 | €3,014 | +€201 | +7.2% |
| Other amounts payable | 47/48 | €10,425 | €1,644,620 | +€1.6m | +15676.1% |
| Accrued charges and deferred income | 492/3 | €70 | €1,220 | +€1,150 | +1642.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,566 | €377,079 | +€255,513 | +210.2% |
| Other operating charges | 640/8 | €20,565 | €242,679 | +€222,115 | +1080.1% |
| Gross operating margin | 9900 | €176,481 | €199,471 | +€22,990 | +13.0% |
| Operating profit (loss) | 9901 | €34,350 | -€420,287 | -€454,638 | |
| Financial income | 75/76B | €40 | €263 | +€222 | +554.6% |
| Recurring financial income | 75 | €40 | €263 | +€222 | +554.6% |
| Financial charges | 65/66B | €117 | €19,130 | +€19,012 | +16237.4% |
| Recurring financial charges | 65 | €117 | €19,130 | +€19,012 | +16237.4% |
| Profit (loss) for the period before taxes | 9903 | €34,273 | -€439,154 | -€473,428 | |
| Profit (loss) for the period | 9904 | €34,273 | -€439,154 | -€473,428 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,273 | -€439,154 | -€473,428 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.