LEY LAN VELD: what changed
LEY LAN VELD
Largest movements
- Stocks and contracts +€247,459
up €247,459 (+2,049%), from €12,076 to €259,535
- Cash -€119,520
down €119,520 (-61.4%), from €194,603 to €75,083
mainly Stocks and contracts (-€247,459) and Trade debts (-€38,229)
- Tangible fixed assets -€67,509
down €67,509 (-7.3%), from €923,488 to €855,979
of which Furniture and vehicles: -€45,088
- Receivables within one year -€44,418
down €44,418 (-44.4%), from €100,026 to €55,608
of which Trade receivables: -€37,349
- Reserves +€61,923
up €61,923 (+34.7%), from €178,490 to €240,413
of which Distributable reserves: +€61,923
- Trade debts -€38,229
down €38,229 (-62.7%), from €60,957 to €22,728
- Debts after one year +€36,865
up €36,865 (+9.9%), from €373,687 to €410,552
of which Financial debts: +€36,865
- Short-term financial debts -€29,260
down €29,260 (-14.0%), from €208,511 to €179,251
- Other debts -€16,804
down €16,804 (-29.7%), from €56,574 to €39,769
- Gross operating margin -€231,464
down €231,464 (-49.2%), from €470,083 to €238,619
- Taxes -€41,654
down €41,654 (-61.5%), from €67,740 to €26,086
- Depreciation +€19,538
up €19,538 (+23.3%), from €83,685 to €103,223
- Financial charges -€6,001
down €6,001 (-15.6%), from €38,465 to €32,464
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,295,018 | €1,318,783 | +€23,766 | +1.8% |
| Fixed assets | 21/28 | €927,553 | €861,801 | -€65,752 | -7.1% |
| Tangible fixed assets | 22/27 | €923,488 | €855,979 | -€67,509 | -7.3% |
| Land and buildings | 22 | €671,605 | €657,061 | -€14,544 | -2.2% |
| Plant, machinery and equipment | 23 | €87,659 | €79,782 | -€7,876 | -9.0% |
| Furniture and vehicles | 24 | €164,224 | €119,136 | -€45,088 | -27.5% |
| Financial fixed assets | 28 | €4,065 | €5,822 | +€1,757 | +43.2% |
| Current assets | 29/58 | €367,465 | €456,982 | +€89,518 | +24.4% |
| Stocks and contracts in progress | 3 | €12,076 | €259,535 | +€247,459 | +2,049% |
| Stocks | 30/36 | €12,076 | €259,535 | +€247,459 | +2,049% |
| Amounts receivable within one year | 40/41 | €100,026 | €55,608 | -€44,418 | -44.4% |
| Trade receivables | 40 | €64,080 | €26,731 | -€37,349 | -58.3% |
| Other amounts receivable | 41 | €35,947 | €28,878 | -€7,069 | -19.7% |
| Current investments | 50/53 | €50,613 | €56,605 | +€5,993 | +11.8% |
| Cash at bank and in hand | 54/58 | €194,603 | €75,083 | -€119,520 | -61.4% |
| Deferred charges and accrued income | 490/1 | €10,146 | €10,150 | +€4 | 0.0% |
| Total equity and liabilities | 10/49 | €1,295,018 | €1,318,783 | +€23,766 | +1.8% |
| Equity | 10/15 | €481,586 | €543,509 | +€61,923 | +12.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €178,096 | €178,096 | = | 0.0% |
| Reserves | 13 | €178,490 | €240,413 | +€61,923 | +34.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €178,490 | €240,413 | +€61,923 | +34.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €813,432 | €775,274 | -€38,158 | -4.7% |
| Amounts payable after more than one year | 17 | €373,687 | €410,552 | +€36,865 | +9.9% |
| Financial debts | 170/4 | €323,687 | €360,552 | +€36,865 | +11.4% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €439,744 | €364,722 | -€75,023 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €99,303 | €111,231 | +€11,928 | +12.0% |
| Financial debts | 43 | €208,511 | €179,251 | -€29,260 | -14.0% |
| Credit institutions | 430/8 | €208,511 | €179,251 | -€29,260 | -14.0% |
| Trade debts | 44 | €60,957 | €22,728 | -€38,229 | -62.7% |
| Suppliers | 440/4 | €60,957 | €22,728 | -€38,229 | -62.7% |
| Taxes, remuneration and social security | 45 | €14,399 | €11,742 | -€2,657 | -18.5% |
| Taxes | 450/3 | €11,099 | €8,442 | -€2,657 | -23.9% |
| Remuneration and social security | 454/9 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €56,574 | €39,769 | -€16,804 | -29.7% |
| Non-recurring operating income | 76A | €107 | €0 | -€107 | -100% |
| Remuneration, social security and pensions | 62 | -€2,562 | €0 | +€2,562 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,685 | €103,223 | +€19,538 | +23.3% |
| Other operating charges | 640/8 | €4,695 | €6,996 | +€2,301 | +49.0% |
| Non-recurring operating charges | 66A | - | €9,998 | +€9,998 | |
| Gross operating margin | 9900 | €470,083 | €238,619 | -€231,464 | -49.2% |
| Operating profit (loss) | 9901 | €384,264 | €118,402 | -€265,863 | -69.2% |
| Financial income | 75/76B | €1,060 | €2,072 | +€1,013 | +95.6% |
| Recurring financial income | 75 | €1,060 | €2,072 | +€1,013 | +95.6% |
| Financial charges | 65/66B | €38,465 | €32,464 | -€6,001 | -15.6% |
| Recurring financial charges | 65 | €38,465 | €32,464 | -€6,001 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €346,859 | €88,010 | -€258,849 | -74.6% |
| Income taxes | 67/77 | €67,740 | €26,086 | -€41,654 | -61.5% |
| Profit (loss) for the period | 9904 | €279,119 | €61,923 | -€217,196 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €279,119 | €61,923 | -€217,196 | -77.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.