LEROU IJZERWAREN: 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.
LEROU IJZERWAREN
Largest movements
- Tangible fixed assets -€277,532
down €277,532 (-7.5%), from €3.7m to €3.4m
of which Land and buildings: -€277,830
- Receivables within one year -€73,404
down €73,404 (-6.4%), from €1.2m to €1.1m
of which Other amounts receivable: -€39,958
- Cash -€69,910
down €69,910 (-19.4%), from €360,050 to €290,140
mainly Trade debts (-€171,762) and Debts after one year (-€154,150)
- Trade debts -€171,762
down €171,762 (-94.8%), from €181,181 to €9,419
- Debts after one year -€154,150
down €154,150 (-7.9%), from €1.9m to €1.8m
- Reserves -€141,660
down €141,660 (-5.8%), from €2.5m to €2.3m
of which Tax-exempt reserves: -€141,660
- Profit (loss) carried forward +€72,048
up €72,048 (+8.5%), from -€846,813 to -€774,765
- Depreciation +€43,010
up €43,010 (+93.8%), from €45,870 to €88,881
- Gross operating margin +€26,083
up €26,083 (+235%), from €11,077 to €37,160
- Taxes +€20,056
up €20,056 (+1,060%), from €1,892 to €21,948
- Financial charges +€16,961
up €16,961 (+56.0%), from €30,261 to €47,222
- Financial income -€13,697
down €13,697 (-43.0%), from €31,870 to €18,173
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 | €5,267,074 | €4,819,468 | -€447,606 | -8.5% |
| Fixed assets | 21/28 | €3,700,520 | €3,422,988 | -€277,532 | -7.5% |
| Tangible fixed assets | 22/27 | €3,700,520 | €3,422,988 | -€277,532 | -7.5% |
| Land and buildings | 22 | €3,698,084 | €3,420,254 | -€277,830 | -7.5% |
| Plant, machinery and equipment | 23 | €2,436 | €1,918 | -€517 | -21.2% |
| Furniture and vehicles | 24 | - | €815 | +€815 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,566,554 | €1,396,480 | -€170,074 | -10.9% |
| Amounts receivable within one year | 40/41 | €1,153,992 | €1,080,587 | -€73,404 | -6.4% |
| Trade receivables | 40 | €44,221 | €10,775 | -€33,446 | -75.6% |
| Other amounts receivable | 41 | €1,109,771 | €1,069,813 | -€39,958 | -3.6% |
| Current investments | 50/53 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €360,050 | €290,140 | -€69,910 | -19.4% |
| Deferred charges and accrued income | 490/1 | €2,512 | €753 | -€1,759 | -70.0% |
| Total equity and liabilities | 10/49 | €5,267,074 | €4,819,468 | -€447,606 | -8.5% |
| Equity | 10/15 | €2,501,136 | €2,431,523 | -€69,612 | -2.8% |
| Contributions | 10/11 | €893,504 | €893,504 | = | 0.0% |
| Capital | 10 | €893,504 | €893,504 | = | 0.0% |
| Issued capital | 100 | €893,504 | €893,504 | = | 0.0% |
| Reserves | 13 | €2,454,446 | €2,312,785 | -€141,660 | -5.8% |
| Non-distributable reserves | 130/1 | €101,636 | €101,636 | = | 0.0% |
| Legal reserve | 130 | €101,636 | €101,636 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,782,379 | €1,640,719 | -€141,660 | -7.9% |
| Distributable reserves | 133 | €570,430 | €570,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€846,813 | -€774,765 | +€72,048 | +8.5% |
| Provisions and deferred taxes | 16 | €572,318 | €525,098 | -€47,220 | -8.3% |
| Deferred taxes | 168 | €572,318 | €525,098 | -€47,220 | -8.3% |
| Amounts payable | 17/49 | €2,193,620 | €1,862,847 | -€330,773 | -15.1% |
| Amounts payable after more than one year | 17 | €1,945,723 | €1,791,573 | -€154,150 | -7.9% |
| Financial debts | 170/4 | €1,945,723 | €1,791,573 | -€154,150 | -7.9% |
| Amounts payable within one year | 42/48 | €238,974 | €61,842 | -€177,132 | -74.1% |
| Current portion of amounts payable after more than one year | 42 | €46,502 | €45,007 | -€1,495 | -3.2% |
| Trade debts | 44 | €181,181 | €9,419 | -€171,762 | -94.8% |
| Suppliers | 440/4 | €181,181 | €9,419 | -€171,762 | -94.8% |
| Advances received on contracts in progress | 46 | €0 | €7,382 | +€7,382 | |
| Taxes, remuneration and social security | 45 | €3,851 | €33 | -€3,817 | -99.1% |
| Taxes | 450/3 | €3,363 | €33 | -€3,329 | -99.0% |
| Remuneration and social security | 454/9 | €488 | €0 | -€488 | -100% |
| Other amounts payable | 47/48 | €7,440 | €0 | -€7,440 | -100% |
| Accrued charges and deferred income | 492/3 | €8,923 | €9,432 | +€509 | +5.7% |
| Non-recurring operating income | 76A | €18,676 | €0 | -€18,676 | -100% |
| Remuneration, social security and pensions | 62 | €5,019 | €2,419 | -€2,600 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,870 | €88,881 | +€43,010 | +93.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,293 | €11,698 | -€595 | -4.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,077 | €37,160 | +€26,083 | +235% |
| Operating profit (loss) | 9901 | -€52,105 | -€65,837 | -€13,732 | -26.4% |
| Financial income | 75/76B | €31,870 | €18,173 | -€13,697 | -43.0% |
| Recurring financial income | 75 | €31,870 | €18,173 | -€13,697 | -43.0% |
| Financial charges | 65/66B | €30,261 | €47,222 | +€16,961 | +56.0% |
| Recurring financial charges | 65 | €30,261 | €47,222 | +€16,961 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | -€50,496 | -€94,885 | -€44,389 | -87.9% |
| Transfer from deferred taxes | 780 | €9,269 | €47,220 | +€37,951 | +409% |
| Income taxes | 67/77 | €1,892 | €21,948 | +€20,056 | +1,060% |
| Profit (loss) for the period | 9904 | -€43,118 | -€69,612 | -€26,494 | -61.4% |
| Transfer from tax-exempt reserves | 789 | €27,808 | €141,660 | +€113,852 | +409% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,310 | €72,048 | +€87,358 |
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 22 October 2026 via checked.be.