Leurs Judith: what changed
Leurs Judith
Largest movements
- Cash +€281,936
up €281,936 (+101%), from €277,911 to €559,847
mainly Net result for the year (+€206,360) and Current investments (+€107,387)
- Current investments -€107,387
down €107,387 (-11.0%), from €975,623 to €868,236
- Receivables within one year +€17,017
up €17,017 (+16.2%), from €104,738 to €121,755
of which Other amounts receivable: +€15,506
- Reserves +€206,360
up €206,360 (+15.4%), from €1.3m to €1.5m
- Other debts -€23,997
down €23,997 (-99.5%), from €24,109 to €112
- Gross operating margin -€73,635
down €73,635 (-20.5%), from €358,526 to €284,891
- Taxes -€16,000
down €16,000 (-15.1%), from €106,104 to €90,104
- Financial charges -€13,644
down €13,644 (-84.8%), from €16,093 to €2,449
- Financial income +€9,870
up €9,870 (+56.4%), from €17,503 to €27,373
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,404,864 | €1,584,843 | +€179,979 | +12.8% |
| Fixed assets | 21/28 | €46,592 | €33,676 | -€12,916 | -27.7% |
| Tangible fixed assets | 22/27 | €46,592 | €33,676 | -€12,916 | -27.7% |
| Plant, machinery and equipment | 23 | €1,637 | €1,210 | -€427 | -26.1% |
| Furniture and vehicles | 24 | €44,955 | €32,466 | -€12,489 | -27.8% |
| Current assets | 29/58 | €1,358,272 | €1,551,167 | +€192,895 | +14.2% |
| Amounts receivable within one year | 40/41 | €104,738 | €121,755 | +€17,017 | +16.2% |
| Trade receivables | 40 | €104,738 | €106,249 | +€1,511 | +1.4% |
| Other amounts receivable | 41 | - | €15,506 | +€15,506 | |
| Current investments | 50/53 | €975,623 | €868,236 | -€107,387 | -11.0% |
| Cash at bank and in hand | 54/58 | €277,911 | €559,847 | +€281,936 | +101% |
| Deferred charges and accrued income | 490/1 | - | €1,329 | +€1,329 | |
| Total equity and liabilities | 10/49 | €1,404,864 | €1,584,843 | +€179,979 | +12.8% |
| Equity | 10/15 | €1,351,235 | €1,557,595 | +€206,360 | +15.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,338,835 | €1,545,195 | +€206,360 | +15.4% |
| Distributable reserves | 133 | €1,338,835 | €1,545,195 | +€206,360 | +15.4% |
| Amounts payable | 17/49 | €53,629 | €27,248 | -€26,381 | -49.2% |
| Amounts payable within one year | 42/48 | €53,629 | €27,248 | -€26,381 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €25,140 | €24,950 | -€190 | -0.8% |
| Trade debts | 44 | €1,021 | €819 | -€202 | -19.8% |
| Suppliers | 440/4 | €1,021 | €819 | -€202 | -19.8% |
| Taxes, remuneration and social security | 45 | €3,359 | €1,367 | -€1,992 | -59.3% |
| Taxes | 450/3 | €3,359 | €1,367 | -€1,992 | -59.3% |
| Other amounts payable | 47/48 | €24,109 | €112 | -€23,997 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,816 | €12,916 | +€100 | +0.8% |
| Other operating charges | 640/8 | €387 | €435 | +€48 | +12.4% |
| Gross operating margin | 9900 | €358,526 | €284,891 | -€73,635 | -20.5% |
| Operating profit (loss) | 9901 | €345,323 | €271,540 | -€73,783 | -21.4% |
| Financial income | 75/76B | €17,503 | €27,373 | +€9,870 | +56.4% |
| Recurring financial income | 75 | €17,503 | €27,373 | +€9,870 | +56.4% |
| Financial charges | 65/66B | €16,093 | €2,449 | -€13,644 | -84.8% |
| Recurring financial charges | 65 | €16,093 | €2,449 | -€13,644 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €346,733 | €296,464 | -€50,269 | -14.5% |
| Income taxes | 67/77 | €106,104 | €90,104 | -€16,000 | -15.1% |
| Profit (loss) for the period | 9904 | €240,629 | €206,360 | -€34,269 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €240,629 | €206,360 | -€34,269 | -14.2% |
Next steps
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 2 November 2026 via checked.be.