LEPPENS MARK: 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.
LEPPENS MARK
Largest movements
- Tangible fixed assets -€20,636
down €20,636 (-5.6%), from €367,685 to €347,049
of which Furniture and vehicles: -€11,416
- Cash +€6,316
up €6,316 (+25.9%), from €24,362 to €30,677
mainly Depreciation (+€20,636) and Net result for the year (+€7,565)
- Debts after one year -€20,338
down €20,338 (-16.6%), from €122,222 to €101,884
- Reserves +€7,000
up €7,000 (+3.6%), from €192,000 to €199,000
- Current portion of long-term debt -€6,171
down €6,171 (-26.8%), from €23,010 to €16,838
- Tax, wage and social debts +€6,126
up €6,126 (+54.1%), from €11,314 to €17,440
of which Remuneration and social security: +€3,113
- Gross operating margin -€9,784
down €9,784 (-19.1%), from €51,349 to €41,566
- Taxes -€1,790
down €1,790 (-28.3%), from €6,314 to €4,525
- Depreciation -€1,601
down €1,601 (-7.2%), from €22,237 to €20,636
- Financial charges -€993
down €993 (-14.8%), from €6,710 to €5,717
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 | €422,080 | €409,239 | -€12,841 | -3.0% |
| Fixed assets | 21/28 | €367,685 | €347,049 | -€20,636 | -5.6% |
| Tangible fixed assets | 22/27 | €367,685 | €347,049 | -€20,636 | -5.6% |
| Land and buildings | 22 | €323,684 | €314,924 | -€8,760 | -2.7% |
| Plant, machinery and equipment | 23 | €1,738 | €1,279 | -€460 | -26.4% |
| Furniture and vehicles | 24 | €42,263 | €30,846 | -€11,416 | -27.0% |
| Current assets | 29/58 | €54,395 | €62,190 | +€7,795 | +14.3% |
| Amounts receivable within one year | 40/41 | €30,003 | €31,512 | +€1,509 | +5.0% |
| Trade receivables | 40 | €24,318 | €28,037 | +€3,719 | +15.3% |
| Other amounts receivable | 41 | €5,686 | €3,475 | -€2,210 | -38.9% |
| Cash at bank and in hand | 54/58 | €24,362 | €30,677 | +€6,316 | +25.9% |
| Deferred charges and accrued income | 490/1 | €30 | - | -€30 | |
| Total equity and liabilities | 10/49 | €422,080 | €409,239 | -€12,841 | -3.0% |
| Equity | 10/15 | €263,963 | €271,528 | +€7,565 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,000 | €199,000 | +€7,000 | +3.6% |
| Distributable reserves | 133 | €192,000 | €199,000 | +€7,000 | +3.6% |
| Profit (loss) carried forward | 14 | €53,363 | €53,928 | +€565 | +1.1% |
| Amounts payable | 17/49 | €158,117 | €137,711 | -€20,406 | -12.9% |
| Amounts payable after more than one year | 17 | €122,222 | €101,884 | -€20,338 | -16.6% |
| Financial debts | 170/4 | €122,222 | €101,884 | -€20,338 | -16.6% |
| Amounts payable within one year | 42/48 | €35,895 | €35,827 | -€68 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €23,010 | €16,838 | -€6,171 | -26.8% |
| Trade debts | 44 | €1,478 | €897 | -€581 | -39.3% |
| Suppliers | 440/4 | €1,478 | €897 | -€581 | -39.3% |
| Taxes, remuneration and social security | 45 | €11,314 | €17,440 | +€6,126 | +54.1% |
| Taxes | 450/3 | €11,314 | €14,327 | +€3,013 | +26.6% |
| Remuneration and social security | 454/9 | - | €3,113 | +€3,113 | |
| Other amounts payable | 47/48 | €92 | €651 | +€559 | +605.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,237 | €20,636 | -€1,601 | -7.2% |
| Other operating charges | 640/8 | €3,123 | €3,123 | +€0 | 0.0% |
| Gross operating margin | 9900 | €51,349 | €41,566 | -€9,784 | -19.1% |
| Operating profit (loss) | 9901 | €25,990 | €17,807 | -€8,183 | -31.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -78.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -78.9% |
| Financial charges | 65/66B | €6,710 | €5,717 | -€993 | -14.8% |
| Recurring financial charges | 65 | €6,710 | €5,717 | -€993 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €19,280 | €12,090 | -€7,190 | -37.3% |
| Income taxes | 67/77 | €6,314 | €4,525 | -€1,790 | -28.3% |
| Profit (loss) for the period | 9904 | €12,965 | €7,565 | -€5,400 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,965 | €7,565 | -€5,400 | -41.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.