LEUVEN MANAGEMENT SERVICES: 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.
LEUVEN MANAGEMENT SERVICES
Largest movements
- Cash +€293,098
up €293,098 (+47.1%), from €622,326 to €915,424
mainly Net result for the year (+€249,455) and Receivables within one year (+€225,397)
- Receivables within one year -€225,397
down €225,397 (-69.9%), from €322,634 to €97,237
of which Other amounts receivable: -€150,000
- Tangible fixed assets +€30,179
up €30,179 (+3,719%), from €811 to €30,990
of which Furniture and vehicles: +€28,247
- Reserves +€162,502
up €162,502 (+20.7%), from €786,543 to €949,045
of which Distributable reserves: +€949,045
- Tax, wage and social debts -€57,341
down €57,341 (-90.0%), from €63,740 to €6,399
- Turnover +€75,624
up €75,624 (+20.0%), from €378,008 to €453,632
- Gross operating margin +€74,875
up €74,875 (+27.6%), from €271,382 to €346,257
- Taxes +€22,619
up €22,619 (+25.6%), from €88,486 to €111,106
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 | €947,533 | €1,044,613 | +€97,080 | +10.2% |
| Fixed assets | 21/28 | €811 | €30,990 | +€30,179 | +3,719% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €811 | €30,990 | +€30,179 | +3,719% |
| Plant, machinery and equipment | 23 | €439 | €2,371 | +€1,932 | +440% |
| Furniture and vehicles | 24 | €372 | €28,619 | +€28,247 | +7,584% |
| Current assets | 29/58 | €946,722 | €1,013,623 | +€66,902 | +7.1% |
| Amounts receivable within one year | 40/41 | €322,634 | €97,237 | -€225,397 | -69.9% |
| Trade receivables | 40 | €92,634 | €17,237 | -€75,397 | -81.4% |
| Other amounts receivable | 41 | €230,000 | €80,000 | -€150,000 | -65.2% |
| Cash at bank and in hand | 54/58 | €622,326 | €915,424 | +€293,098 | +47.1% |
| Deferred charges and accrued income | 490/1 | €1,762 | €963 | -€800 | -45.4% |
| Total equity and liabilities | 10/49 | €947,533 | €1,044,613 | +€97,080 | +10.2% |
| Equity | 10/15 | €870,943 | €1,033,445 | +€162,502 | +18.7% |
| Contributions | 10/11 | €84,400 | €84,400 | = | 0.0% |
| Reserves | 13 | €786,543 | €949,045 | +€162,502 | +20.7% |
| Non-distributable reserves | 130/1 | €786,543 | - | -€786,543 | |
| Other | 1319 | €786,543 | - | -€786,543 | |
| Distributable reserves | 133 | - | €949,045 | +€949,045 | |
| Amounts payable | 17/49 | €76,590 | €11,168 | -€65,421 | -85.4% |
| Amounts payable within one year | 42/48 | €76,590 | €11,168 | -€65,421 | -85.4% |
| Trade debts | 44 | €3,172 | €749 | -€2,423 | -76.4% |
| Suppliers | 440/4 | €3,172 | €749 | -€2,423 | -76.4% |
| Taxes, remuneration and social security | 45 | €63,740 | €6,399 | -€57,341 | -90.0% |
| Taxes | 450/3 | €63,740 | €6,399 | -€57,341 | -90.0% |
| Other amounts payable | 47/48 | €9,678 | €4,021 | -€5,657 | -58.5% |
| Turnover | 70 | €378,008 | €453,632 | +€75,624 | +20.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €106,626 | €107,375 | +€749 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €469 | €3,789 | +€3,320 | +708% |
| Other operating charges | 640/8 | €658 | €689 | +€31 | +4.7% |
| Gross operating margin | 9900 | €271,382 | €346,257 | +€74,875 | +27.6% |
| Operating profit (loss) | 9901 | €270,255 | €341,778 | +€71,523 | +26.5% |
| Financial income | 75/76B | €16,593 | €18,843 | +€2,251 | +13.6% |
| Recurring financial income | 75 | €16,593 | €18,843 | +€2,251 | +13.6% |
| Financial charges | 65/66B | €59 | €60 | +€2 | +3.2% |
| Recurring financial charges | 65 | €59 | €60 | +€2 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €286,789 | €360,561 | +€73,772 | +25.7% |
| Income taxes | 67/77 | €88,486 | €111,106 | +€22,619 | +25.6% |
| Profit (loss) for the period | 9904 | €198,303 | €249,455 | +€51,153 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €198,303 | €249,455 | +€51,153 | +25.8% |
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.