LEY CONSULT: 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 CONSULT
Largest movements
- Current investments -€300,000
down €300,000 (-20.0%), from €1.5m to €1.2m
- Receivables within one year -€53,683
down €53,683 (-37.9%), from €141,505 to €87,822
of which Other amounts receivable: -€52,570
- Reserves -€182,090
down €182,090 (-10.3%), from €1.8m to €1.6m
of which Distributable reserves: -€182,090
- Tax, wage and social debts -€116,933
down €116,933 (-36.8%), from €318,033 to €201,100
- Trade debts -€22,972
down €22,972 (-90.8%), from €25,303 to €2,331
- Gross operating margin +€85,159
up €85,159 (+18.8%), from €453,558 to €538,717
- Taxes +€16,644
up €16,644 (+11.2%), from €148,180 to €164,824
- Depreciation +€13,589
up €13,589 (+39.5%), from €34,374 to €47,963
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.
Cash bridge derived
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 | €2,163,921 | €1,832,436 | -€331,485 | -15.3% |
| Fixed assets | 21/28 | €236,378 | €235,876 | -€501 | -0.2% |
| Tangible fixed assets | 22/27 | €236,378 | €235,876 | -€501 | -0.2% |
| Land and buildings | 22 | €75,073 | €67,087 | -€7,986 | -10.6% |
| Plant, machinery and equipment | 23 | - | €2,916 | +€2,916 | |
| Furniture and vehicles | 24 | €77,731 | €58,363 | -€19,368 | -24.9% |
| Other tangible fixed assets | 26 | €83,574 | €107,510 | +€23,936 | +28.6% |
| Current assets | 29/58 | €1,927,544 | €1,596,560 | -€330,983 | -17.2% |
| Amounts receivable after more than one year | 29 | €156,000 | €168,480 | +€12,480 | +8.0% |
| Other amounts receivable | 291 | €156,000 | €168,480 | +€12,480 | +8.0% |
| Amounts receivable within one year | 40/41 | €141,505 | €87,822 | -€53,683 | -37.9% |
| Trade receivables | 40 | €88,935 | €87,822 | -€1,113 | -1.3% |
| Other amounts receivable | 41 | €52,570 | - | -€52,570 | |
| Current investments | 50/53 | €1,500,000 | €1,200,000 | -€300,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €113,355 | €107,944 | -€5,410 | -4.8% |
| Deferred charges and accrued income | 490/1 | €16,684 | €32,314 | +€15,630 | +93.7% |
| Total equity and liabilities | 10/49 | €2,163,921 | €1,832,436 | -€331,485 | -15.3% |
| Equity | 10/15 | €1,802,864 | €1,620,773 | -€182,090 | -10.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,767,911 | €1,585,821 | -€182,090 | -10.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,766,051 | €1,583,961 | -€182,090 | -10.3% |
| Profit (loss) carried forward | 14 | €22,552 | €22,552 | = | 0.0% |
| Amounts payable | 17/49 | €361,058 | €211,663 | -€149,394 | -41.4% |
| Amounts payable after more than one year | 17 | €8,055 | - | -€8,055 | |
| Financial debts | 170/4 | €8,055 | - | -€8,055 | |
| Amounts payable within one year | 42/48 | €353,003 | €211,663 | -€141,340 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €9,667 | €8,055 | -€1,612 | -16.7% |
| Trade debts | 44 | €25,303 | €2,331 | -€22,972 | -90.8% |
| Suppliers | 440/4 | €25,303 | €2,331 | -€22,972 | -90.8% |
| Taxes, remuneration and social security | 45 | €318,033 | €201,100 | -€116,933 | -36.8% |
| Taxes | 450/3 | €318,033 | €201,100 | -€116,933 | -36.8% |
| Other amounts payable | 47/48 | - | €178 | +€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,374 | €47,963 | +€13,589 | +39.5% |
| Other operating charges | 640/8 | €635 | €861 | +€226 | +35.6% |
| Gross operating margin | 9900 | €453,558 | €538,717 | +€85,159 | +18.8% |
| Operating profit (loss) | 9901 | €418,549 | €489,893 | +€71,345 | +17.0% |
| Financial income | 75/76B | €24,277 | €28,110 | +€3,833 | +15.8% |
| Recurring financial income | 75 | €24,277 | €28,110 | +€3,833 | +15.8% |
| Financial charges | 65/66B | €1,980 | €2,570 | +€589 | +29.7% |
| Recurring financial charges | 65 | €1,980 | €2,570 | +€589 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €440,845 | €515,434 | +€74,589 | +16.9% |
| Income taxes | 67/77 | €148,180 | €164,824 | +€16,644 | +11.2% |
| Profit (loss) for the period | 9904 | €292,665 | €350,610 | +€57,945 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €292,665 | €350,610 | +€57,945 | +19.8% |
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 11 October 2026 via checked.be.