LEROI STIJN: 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.
LEROI STIJN
Largest movements
- Current investments +€1.8m
up €1.8m (+108%), from €1.7m to €3.5m
- Cash -€1.5m
down €1.5m (-75.8%), from €2.0m to €474,718
mainly Current investments (-€1.8m) and Tax, wage and social debts (-€256,934)
- Receivables within one year -€331,903
down €331,903 (-86.5%), from €383,906 to €52,004
of which Other amounts receivable: -€331,688
- Tax, wage and social debts -€256,934
down €256,934 (-91.0%), from €282,470 to €25,536
of which Taxes: -€256,934
- Trade debts +€229,761
up €229,761 (+459%), from €50,034 to €279,795
- Gross operating margin -€3.3m
down €3.3m (-95.9%), from €3.4m to €140,733
- Taxes -€952,716
down €952,716 (-93.0%), from €1.0m to €72,136
- Staff costs -€250,043
down €250,043 (-100%), from €250,043 to €0
- Financial income +€127,242
up €127,242 (+136%), from €93,349 to €220,591
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 | €4,625,629 | €4,599,417 | -€26,211 | -0.6% |
| Fixed assets | 21/28 | €590,951 | €568,341 | -€22,610 | -3.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €97,545 | €74,935 | -€22,610 | -23.2% |
| Land and buildings | 22 | €77,908 | €57,702 | -€20,206 | -25.9% |
| Plant, machinery and equipment | 23 | €9,987 | €8,701 | -€1,286 | -12.9% |
| Furniture and vehicles | 24 | €1,250 | €132 | -€1,118 | -89.5% |
| Other tangible fixed assets | 26 | €8,400 | €8,400 | = | 0.0% |
| Financial fixed assets | 28 | €493,406 | €493,406 | = | 0.0% |
| Current assets | 29/58 | €4,034,678 | €4,031,077 | -€3,601 | -0.1% |
| Amounts receivable within one year | 40/41 | €383,906 | €52,004 | -€331,903 | -86.5% |
| Trade receivables | 40 | €215 | €0 | -€215 | -100% |
| Other amounts receivable | 41 | €383,691 | €52,004 | -€331,688 | -86.4% |
| Current investments | 50/53 | €1,684,350 | €3,499,534 | +€1.8m | +108% |
| Cash at bank and in hand | 54/58 | €1,962,880 | €474,718 | -€1.5m | -75.8% |
| Deferred charges and accrued income | 490/1 | €3,543 | €4,822 | +€1,279 | +36.1% |
| Total equity and liabilities | 10/49 | €4,625,629 | €4,599,417 | -€26,211 | -0.6% |
| Equity | 10/15 | €4,293,125 | €4,287,577 | -€5,548 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,274,525 | €4,268,977 | -€5,548 | -0.1% |
| Distributable reserves | 133 | €4,274,525 | €4,268,977 | -€5,548 | -0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €332,504 | €311,841 | -€20,663 | -6.2% |
| Amounts payable within one year | 42/48 | €332,504 | €311,841 | -€20,663 | -6.2% |
| Trade debts | 44 | €50,034 | €279,795 | +€229,761 | +459% |
| Suppliers | 440/4 | €50,034 | €279,795 | +€229,761 | +459% |
| Taxes, remuneration and social security | 45 | €282,470 | €25,536 | -€256,934 | -91.0% |
| Taxes | 450/3 | €282,470 | €25,536 | -€256,934 | -91.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €6,510 | +€6,510 | |
| Non-recurring operating income | 76A | €2,643,171 | €0 | -€2.6m | -100% |
| Remuneration, social security and pensions | 62 | €250,043 | €0 | -€250,043 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,402 | €34,666 | -€14,736 | -29.8% |
| Other operating charges | 640/8 | €8,428 | €1,353 | -€7,075 | -84.0% |
| Gross operating margin | 9900 | €3,441,090 | €140,733 | -€3.3m | -95.9% |
| Operating profit (loss) | 9901 | €3,133,217 | €104,714 | -€3.0m | -96.7% |
| Financial income | 75/76B | €93,349 | €220,591 | +€127,242 | +136% |
| Recurring financial income | 75 | €93,349 | €220,591 | +€127,242 | +136% |
| Financial charges | 65/66B | €181 | €6,811 | +€6,630 | +3,653% |
| Recurring financial charges | 65 | €181 | €6,811 | +€6,630 | +3,653% |
| Profit (loss) for the period before taxes | 9903 | €3,226,384 | €318,494 | -€2.9m | -90.1% |
| Income taxes | 67/77 | €1,024,852 | €72,136 | -€952,716 | -93.0% |
| Profit (loss) for the period | 9904 | €2,201,532 | €246,358 | -€2.0m | -88.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,201,532 | €246,358 | -€2.0m | -88.8% |
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 30 October 2026 via checked.be.