LEROUX VALENTINE: what changed
What changed
LEROUX VALENTINE
NACE 66.191, Agents and brokers in banking services
filed annual accounts (NBB)
Net result for the year
€103,731
2024 · €97,986+€5,745
Equity
€240,765
2024 · €254,681-€13,917
Cash
€213,961
2024 · €221,378-€7,417
Balance sheet total
€1.2m
2024 · €1.0m+€235,305
Largest movements
Assets
- Tangible fixed assets +€327,962
up €327,962 (+95.0%), from €345,122 to €673,084
of which Land and buildings: +€301,676
- Intangible fixed assets -€101,000
down €101,000 (-23.5%), from €429,416 to €328,416
- Receivables within one year +€16,445
up €16,445, from €0 to €16,445
of which Trade receivables: +€11,445
Equity and liabilities
- Debts after one year +€71,731
up €71,731 (+13.5%), from €530,250 to €601,981
of which Financial debts: +€71,731
- Other debts +€70,000
new in 2025: €70,000
- Tax, wage and social debts +€47,887
up €47,887 (+85.2%), from €56,212 to €104,099
of which Taxes: +€28,620
- Short-term financial debts +€25,000
new in 2025: €25,000
- Trade debts +€23,573
up €23,573 (+427%), from €5,519 to €29,092
Income statement
- Gross operating margin +€23,796
up €23,796 (+3.6%), from €666,388 to €690,184
- Depreciation +€19,041
up €19,041 (+15.6%), from €121,677 to €140,718
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€97,986
Gross operating margin
+€23,796
Staff costs
+€6,149
Depreciation
-€19,041
Other operating charges
-€3,292
Financial income
+€434
Financial charges
-€4,147
Taxes
+€1,845
Result 2025
€103,731
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€362,346
Investment
-€367,679
Financing
-€2,083
Cash 2024
€221,378
From operations (derived)
+€362,346
Net result for the year
+€103,731
Depreciation
+€140,718
Receivables within one year
-€16,445
Smaller working-capital items
+€766
Trade debts
+€23,573
Tax, wage and social debts
+€47,887
Advances received
-€7,883
Other debts
+€70,000
Investment (derived)
-€367,679
Investment in fixed assets (net)
-€367,679
Financing
-€2,083
Debts after one year
+€71,731
Current portion of long-term debt
+€18,832
Short-term financial debts
+€25,000
Contributions, distributions and other
-€117,647
Cash 2025
€213,961
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,011,544 | €1,246,848 | +€235,305 | +23.3% |
| Fixed assets | 21/28 | €774,538 | €1,001,500 | +€226,962 | +29.3% |
| Intangible fixed assets | 21 | €429,416 | €328,416 | -€101,000 | -23.5% |
| Tangible fixed assets | 22/27 | €345,122 | €673,084 | +€327,962 | +95.0% |
| Land and buildings | 22 | €328,216 | €629,893 | +€301,676 | +91.9% |
| Plant, machinery and equipment | 23 | €1,076 | €289 | -€786 | -73.1% |
| Furniture and vehicles | 24 | €15,830 | €42,902 | +€27,071 | +171% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €237,005 | €245,349 | +€8,343 | +3.5% |
| Amounts receivable within one year | 40/41 | €0 | €16,445 | +€16,445 | |
| Trade receivables | 40 | €0 | €11,445 | +€11,445 | |
| Other amounts receivable | 41 | €0 | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €221,378 | €213,961 | -€7,417 | -3.4% |
| Deferred charges and accrued income | 490/1 | €15,627 | €14,942 | -€685 | -4.4% |
| Total equity and liabilities | 10/49 | €1,011,544 | €1,246,848 | +€235,305 | +23.3% |
| Equity | 10/15 | €254,681 | €240,765 | -€13,917 | -5.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €230,000 | €220,000 | -€10,000 | -4.3% |
| Distributable reserves | 133 | €230,000 | €220,000 | -€10,000 | -4.3% |
| Profit (loss) carried forward | 14 | €4,221 | €305 | -€3,917 | -92.8% |
| Amounts payable | 17/49 | €756,862 | €1,006,084 | +€249,221 | +32.9% |
| Amounts payable after more than one year | 17 | €530,250 | €601,981 | +€71,731 | +13.5% |
| Financial debts | 170/4 | €530,250 | €601,981 | +€71,731 | +13.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €226,613 | €404,022 | +€177,409 | +78.3% |
| Current portion of amounts payable after more than one year | 42 | €109,436 | €128,269 | +€18,832 | +17.2% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €5,519 | €29,092 | +€23,573 | +427% |
| Suppliers | 440/4 | €5,519 | €29,092 | +€23,573 | +427% |
| Advances received on contracts in progress | 46 | €55,445 | €47,563 | -€7,883 | -14.2% |
| Taxes, remuneration and social security | 45 | €56,212 | €104,099 | +€47,887 | +85.2% |
| Taxes | 450/3 | €25,173 | €53,793 | +€28,620 | +114% |
| Remuneration and social security | 454/9 | €31,039 | €50,306 | +€19,267 | +62.1% |
| Other amounts payable | 47/48 | - | €70,000 | +€70,000 | |
| Accrued charges and deferred income | 492/3 | - | €81 | +€81 | |
| Remuneration, social security and pensions | 62 | €385,568 | €379,419 | -€6,149 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,677 | €140,718 | +€19,041 | +15.6% |
| Other operating charges | 640/8 | €6,425 | €9,717 | +€3,292 | +51.2% |
| Gross operating margin | 9900 | €666,388 | €690,184 | +€23,796 | +3.6% |
| Operating profit (loss) | 9901 | €152,717 | €160,330 | +€7,613 | +5.0% |
| Financial income | 75/76B | €65 | €499 | +€434 | +671% |
| Recurring financial income | 75 | €65 | €499 | +€434 | +671% |
| Financial charges | 65/66B | €19,986 | €24,134 | +€4,147 | +20.8% |
| Recurring financial charges | 65 | €19,986 | €24,134 | +€4,147 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €132,796 | €136,696 | +€3,900 | +2.9% |
| Income taxes | 67/77 | €34,810 | €32,965 | -€1,845 | -5.3% |
| Profit (loss) for the period | 9904 | €97,986 | €103,731 | +€5,745 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,986 | €103,731 | +€5,745 | +5.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.