LEY: 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.
LEY
Largest movements
- Tangible fixed assets -€45,603
down €45,603 (-7.5%), from €605,123 to €559,520
of which Leasing and similar rights: -€70,805
- Cash +€35,829
up €35,829 (+64.7%), from €55,366 to €91,195
mainly Depreciation (+€45,603) and Other debts (+€33,464)
- Debts after one year -€51,928
down €51,928 (-10.8%), from €479,315 to €427,387
- Other debts +€33,464
up €33,464 (+15.9%), from €210,019 to €243,483
- Reserves +€31,081
up €31,081 (+9.2%), from €338,165 to €369,246
- Accrued charges and deferred income -€28,872
down €28,872 (-100%), from €28,872 to €0
- Tax, wage and social debts +€12,966
up €12,966 (+40.8%), from €31,766 to €44,732
of which Taxes: +€10,087
- Gross operating margin -€17,389
down €17,389 (-12.6%), from €137,875 to €120,486
- Other operating charges -€12,052
down €12,052 (-86.2%), from €13,974 to €1,922
- Financial charges -€4,299
down €4,299 (-12.2%), from €35,369 to €31,070
- Taxes -€2,188
down €2,188 (-16.8%), from €12,999 to €10,811
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 | €1,288,683 | €1,289,676 | +€993 | +0.1% |
| Fixed assets | 21/28 | €1,215,650 | €1,170,047 | -€45,603 | -3.8% |
| Tangible fixed assets | 22/27 | €605,123 | €559,520 | -€45,603 | -7.5% |
| Land and buildings | 22 | €528,505 | €488,516 | -€39,989 | -7.6% |
| Furniture and vehicles | 24 | €5,813 | €199 | -€5,614 | -96.6% |
| Leasing and similar rights | 25 | €70,805 | - | -€70,805 | |
| Other tangible fixed assets | 26 | - | €70,805 | +€70,805 | |
| Financial fixed assets | 28 | €610,527 | €610,527 | -€0 | 0.0% |
| Current assets | 29/58 | €73,033 | €119,629 | +€46,596 | +63.8% |
| Amounts receivable within one year | 40/41 | €17,667 | €28,434 | +€10,767 | +60.9% |
| Trade receivables | 40 | €17,667 | €28,434 | +€10,767 | +60.9% |
| Cash at bank and in hand | 54/58 | €55,366 | €91,195 | +€35,829 | +64.7% |
| Total equity and liabilities | 10/49 | €1,288,683 | €1,289,676 | +€993 | +0.1% |
| Equity | 10/15 | €488,165 | €519,246 | +€31,081 | +6.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €338,165 | €369,246 | +€31,081 | +9.2% |
| Distributable reserves | 133 | €338,165 | €369,246 | +€31,081 | +9.2% |
| Amounts payable | 17/49 | €800,518 | €770,430 | -€30,088 | -3.8% |
| Amounts payable after more than one year | 17 | €479,315 | €427,387 | -€51,928 | -10.8% |
| Financial debts | 170/4 | €479,315 | €427,387 | -€51,928 | -10.8% |
| Amounts payable within one year | 42/48 | €292,331 | €343,043 | +€50,712 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €50,230 | €51,928 | +€1,698 | +3.4% |
| Trade debts | 44 | €316 | €2,899 | +€2,583 | +817% |
| Suppliers | 440/4 | €316 | €2,899 | +€2,583 | +817% |
| Taxes, remuneration and social security | 45 | €31,766 | €44,732 | +€12,966 | +40.8% |
| Taxes | 450/3 | €31,766 | €41,853 | +€10,087 | +31.8% |
| Remuneration and social security | 454/9 | - | €2,879 | +€2,879 | |
| Other amounts payable | 47/48 | €210,019 | €243,483 | +€33,464 | +15.9% |
| Accrued charges and deferred income | 492/3 | €28,872 | €0 | -€28,872 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,403 | €45,603 | +€200 | +0.4% |
| Other operating charges | 640/8 | €13,974 | €1,922 | -€12,052 | -86.2% |
| Gross operating margin | 9900 | €137,875 | €120,486 | -€17,389 | -12.6% |
| Operating profit (loss) | 9901 | €78,498 | €72,962 | -€5,536 | -7.1% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €35,369 | €31,070 | -€4,299 | -12.2% |
| Recurring financial charges | 65 | €35,369 | €31,070 | -€4,299 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €43,129 | €41,892 | -€1,237 | -2.9% |
| Income taxes | 67/77 | €12,999 | €10,811 | -€2,188 | -16.8% |
| Profit (loss) for the period | 9904 | €30,130 | €31,081 | +€951 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,130 | €31,081 | +€951 | +3.2% |
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.