LEROY & ROGER: 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.
What changed
LEROY & ROGER
NACE 69.103, Activities of bailiffs
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€812,706
2024 · €326,531+€486,176
Equity
€5.9m
2024 · €5.2m+€662,706
Cash
€2.5m
2024 · €2.2m+€333,112
Balance sheet total
€6.8m
2024 · €5.9m+€882,684
Largest movements
Assets
- Cash +€333,112
up €333,112 (+15.4%), from €2.2m to €2.5m
mainly Net result for the year (+€812,706) and Tax, wage and social debts (+€108,543)
- Receivables within one year +€287,688
up €287,688 (+18.0%), from €1.6m to €1.9m
of which Trade receivables: +€275,043
- Current investments +€200,000
up €200,000 (+11.3%), from €1.8m to €2.0m
Equity and liabilities
- Reserves +€662,706
up €662,706 (+18.5%), from €3.6m to €4.3m
of which Tax-exempt reserves: +€332,814
- Tax, wage and social debts +€108,543
up €108,543 (+23.5%), from €462,842 to €571,385
of which Taxes: +€145,737
- Debts after one year +€73,786
up €73,786 (+490%), from €15,061 to €88,847
Income statement
- Gross operating margin +€691,128
up €691,128 (+52.8%), from €1.3m to €2.0m
- Taxes +€170,752
up €170,752 (+106%), from €160,920 to €331,671
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.
Result 2024
€326,531
Gross operating margin
+€691,128
Staff costs
-€14,395
Depreciation
-€10,421
Other operating charges
-€9,703
Financial income
+€470
Financial charges
-€152
Taxes
-€170,752
Result 2025
€812,706
raises the resultlowers the result
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.
From operations
+€796,000
Investment
-€324,485
Financing
-€138,403
Cash 2024
€2.2m
From operations (derived)
+€796,000
Net result for the year
+€812,706
Depreciation
+€74,321
Receivables within one year
-€287,688
Deferred charges and accrued income
-€11,720
Provisions
-€1,708
Trade debts
+€31,339
Tax, wage and social debts
+€108,543
Other debts
+€67,500
Accrued charges and deferred income
+€2,708
Investment (derived)
-€324,485
Investment in fixed assets (net)
-€124,485
Current investments
-€200,000
Financing
-€138,403
Debts after one year
+€73,786
Current portion of long-term debt
-€62,189
Contributions, distributions and other
-€150,000
Cash 2025
€2.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,908,636 | €6,791,321 | +€882,684 | +14.9% |
| Fixed assets | 21/28 | €377,795 | €427,958 | +€50,163 | +13.3% |
| Tangible fixed assets | 22/27 | €377,688 | €427,852 | +€50,163 | +13.3% |
| Land and buildings | 22 | €320,223 | €347,577 | +€27,355 | +8.5% |
| Furniture and vehicles | 24 | €57,466 | €80,275 | +€22,809 | +39.7% |
| Financial fixed assets | 28 | €107 | €107 | = | 0.0% |
| Current assets | 29/58 | €5,530,842 | €6,363,362 | +€832,521 | +15.1% |
| Amounts receivable within one year | 40/41 | €1,595,253 | €1,882,941 | +€287,688 | +18.0% |
| Trade receivables | 40 | €1,575,216 | €1,850,259 | +€275,043 | +17.5% |
| Other amounts receivable | 41 | €20,037 | €32,682 | +€12,645 | +63.1% |
| Current investments | 50/53 | €1,772,628 | €1,972,628 | +€200,000 | +11.3% |
| Cash at bank and in hand | 54/58 | €2,160,563 | €2,493,675 | +€333,112 | +15.4% |
| Deferred charges and accrued income | 490/1 | €2,399 | €14,119 | +€11,720 | +489% |
| Total equity and liabilities | 10/49 | €5,908,636 | €6,791,321 | +€882,684 | +14.9% |
| Equity | 10/15 | €5,236,160 | €5,898,867 | +€662,706 | +12.7% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €3,590,396 | €4,253,102 | +€662,706 | +18.5% |
| Non-distributable reserves | 130/1 | €972,628 | €972,628 | = | 0.0% |
| Own shares acquired | 1312 | €972,628 | €972,628 | = | 0.0% |
| Tax-exempt reserves | 132 | €339,472 | €672,286 | +€332,814 | +98.0% |
| Distributable reserves | 133 | €2,278,296 | €2,608,188 | +€329,893 | +14.5% |
| Profit (loss) carried forward | 14 | €1,245,764 | €1,245,764 | = | 0.0% |
| Provisions and deferred taxes | 16 | €14,646 | €12,937 | -€1,708 | -11.7% |
| Deferred taxes | 168 | €14,646 | €12,937 | -€1,708 | -11.7% |
| Amounts payable | 17/49 | €657,831 | €879,517 | +€221,686 | +33.7% |
| Amounts payable after more than one year | 17 | €15,061 | €88,847 | +€73,786 | +490% |
| Financial debts | 170/4 | €15,061 | €88,847 | +€73,786 | +490% |
| Amounts payable within one year | 42/48 | €614,019 | €759,212 | +€145,193 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €87,454 | €25,265 | -€62,189 | -71.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €51,223 | €82,562 | +€31,339 | +61.2% |
| Suppliers | 440/4 | €51,223 | €82,562 | +€31,339 | +61.2% |
| Taxes, remuneration and social security | 45 | €462,842 | €571,385 | +€108,543 | +23.5% |
| Taxes | 450/3 | €331,830 | €477,567 | +€145,737 | +43.9% |
| Remuneration and social security | 454/9 | €131,012 | €93,818 | -€37,194 | -28.4% |
| Other amounts payable | 47/48 | €12,500 | €80,000 | +€67,500 | +540% |
| Accrued charges and deferred income | 492/3 | €28,750 | €31,458 | +€2,708 | +9.4% |
| Non-recurring operating income | 76A | €5,491 | €0 | -€5,491 | -100% |
| Remuneration, social security and pensions | 62 | €766,273 | €780,668 | +€14,395 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,900 | €74,321 | +€10,421 | +16.3% |
| Other operating charges | 640/8 | €15,805 | €25,508 | +€9,703 | +61.4% |
| Gross operating margin | 9900 | €1,308,001 | €1,999,129 | +€691,128 | +52.8% |
| Operating profit (loss) | 9901 | €462,023 | €1,118,632 | +€656,609 | +142% |
| Financial income | 75/76B | €40,049 | €40,519 | +€470 | +1.2% |
| Recurring financial income | 75 | €40,049 | €40,519 | +€470 | +1.2% |
| Financial charges | 65/66B | €16,330 | €16,482 | +€152 | +0.9% |
| Recurring financial charges | 65 | €16,330 | €16,482 | +€152 | +0.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €485,742 | €1,142,670 | +€656,927 | +135% |
| Transfer from deferred taxes | 780 | €1,708 | €1,708 | = | 0.0% |
| Income taxes | 67/77 | €160,920 | €331,671 | +€170,752 | +106% |
| Profit (loss) for the period | 9904 | €326,531 | €812,706 | +€486,176 | +149% |
| Transfer from tax-exempt reserves | 789 | €121,866 | €3,986 | -€117,880 | -96.7% |
| Transfer to tax-exempt reserves | 689 | €52,625 | €336,800 | +€284,175 | +540% |
| Profit (loss) for the period to be appropriated | 9905 | €395,772 | €479,893 | +€84,121 | +21.3% |
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.