LEYBAERT: what changed
Two fiscal 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.
What changed
LEYBAERT
NACE 01.191, Growing of flowers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€890,827
2024 · €702,666+€188,161
Equity
€4.4m
2024 · €3.6m+€790,827
Cash
€1.1m
2024 · €1.4m-€285,170
Balance sheet total
€8.8m
2024 · €8.5m+€270,315
Largest movements
Assets
- Current investments +€846,483
up €846,483 (+53.2%), from €1.6m to €2.4m
- Cash -€285,170
down €285,170 (-20.1%), from €1.4m to €1.1m
mainly Current investments (-€846,483) and Investment in fixed assets (net) (-€601,144)
- Receivables within one year -€202,804
down €202,804 (-20.8%), from €975,952 to €773,148
of which Other amounts receivable: -€151,144
Equity and liabilities
- Reserves +€768,350
up €768,350 (+37.5%), from €2.1m to €2.8m
of which Tax-exempt reserves: +€568,350
- Debts after one year -€445,058
down €445,058 (-14.5%), from €3.1m to €2.6m
- Trade debts -€234,352
down €234,352 (-20.4%), from €1.1m to €912,175
- Other debts +€135,000
up €135,000 (+283.8%), from €47,563 to €182,563
Income statement
- Gross operating margin +€334,825
up €334,825 (+10.6%), from €3.2m to €3.5m
- Taxes +€87,980
up €87,980 (+38.1%), from €230,726 to €318,705
- Depreciation +€64,692
up €64,692 (+10.5%), from €616,258 to €680,950
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.
Result 2024
€702,666
Gross operating margin
+€334,825
Staff costs
+€2,227
Depreciation
-€64,692
Other operating charges
+€8,070
Other operating items
+€42,900
Financial income
-€16,171
Financial charges
-€31,019
Taxes
-€87,980
Result 2025
€890,827
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.
From operations
+€1.7m
Investment
-€1.4m
Financing
-€544,129
Cash 2024
€1.4m
From operations (derived)
+€1.7m
Net result for the year
+€890,827
Depreciation
+€680,950
Stocks and contracts
+€8,388
Receivables within one year
+€202,804
Trade debts
-€234,352
Tax, wage and social debts
+€24,527
Other debts
+€135,000
Accrued charges and deferred income
-€1,558
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€601,144
Current investments
-€846,483
Financing
-€544,129
Debts after one year
-€445,058
Current portion of long-term debt
+€929
Contributions, distributions and other
-€100,000
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,544,883 | €8,815,198 | +€270,315 | +3.2% |
| Fixed assets | 21/28 | €3,966,874 | €3,887,067 | -€79,807 | -2.0% |
| Tangible fixed assets | 22/27 | €3,963,824 | €3,884,017 | -€79,807 | -2.0% |
| Land and buildings | 22 | €1,842,480 | €3,460,239 | +€1.6m | +87.8% |
| Plant, machinery and equipment | 23 | €405,319 | €350,216 | -€55,103 | -13.6% |
| Furniture and vehicles | 24 | €107,065 | €72,441 | -€34,624 | -32.3% |
| Leasing and similar rights | 25 | €5,609 | €1,122 | -€4,488 | -80.0% |
| Assets under construction and advance payments | 27 | €1,603,351 | €0 | -€1.6m | -100.0% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €4,578,009 | €4,928,131 | +€350,122 | +7.6% |
| Stocks and contracts in progress | 3 | €594,171 | €585,784 | -€8,388 | -1.4% |
| Stocks | 30/36 | €594,171 | €585,784 | -€8,388 | -1.4% |
| Amounts receivable within one year | 40/41 | €975,952 | €773,148 | -€202,804 | -20.8% |
| Trade receivables | 40 | €720,682 | €669,022 | -€51,659 | -7.2% |
| Other amounts receivable | 41 | €255,270 | €104,126 | -€151,144 | -59.2% |
| Current investments | 50/53 | €1,590,273 | €2,436,756 | +€846,483 | +53.2% |
| Cash at bank and in hand | 54/58 | €1,417,613 | €1,132,443 | -€285,170 | -20.1% |
| Total equity and liabilities | 10/49 | €8,544,883 | €8,815,198 | +€270,315 | +3.2% |
| Equity | 10/15 | €3,573,065 | €4,363,892 | +€790,827 | +22.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €2,050,852 | €2,819,202 | +€768,350 | +37.5% |
| Non-distributable reserves | 130/1 | €8,000 | €0 | -€8,000 | -100.0% |
| Reserves not available under the articles | 1311 | €8,000 | €0 | -€8,000 | -100.0% |
| Tax-exempt reserves | 132 | €42,852 | €611,202 | +€568,350 | +1326.3% |
| Distributable reserves | 133 | €2,000,000 | €2,208,000 | +€208,000 | +10.4% |
| Profit (loss) carried forward | 14 | €1,442,212 | €1,464,690 | +€22,477 | +1.6% |
| Amounts payable | 17/49 | €4,971,819 | €4,451,306 | -€520,512 | -10.5% |
| Amounts payable after more than one year | 17 | €3,060,803 | €2,615,745 | -€445,058 | -14.5% |
| Financial debts | 170/4 | €3,060,803 | €2,615,745 | -€445,058 | -14.5% |
| Amounts payable within one year | 42/48 | €1,907,583 | €1,833,687 | -€73,897 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €444,911 | €445,840 | +€929 | +0.2% |
| Trade debts | 44 | €1,146,527 | €912,175 | -€234,352 | -20.4% |
| Suppliers | 440/4 | €1,146,527 | €912,175 | -€234,352 | -20.4% |
| Taxes, remuneration and social security | 45 | €268,582 | €293,109 | +€24,527 | +9.1% |
| Taxes | 450/3 | €105,847 | €139,469 | +€33,623 | +31.8% |
| Remuneration and social security | 454/9 | €162,736 | €153,640 | -€9,096 | -5.6% |
| Other amounts payable | 47/48 | €47,563 | €182,563 | +€135,000 | +283.8% |
| Accrued charges and deferred income | 492/3 | €3,432 | €1,874 | -€1,558 | -45.4% |
| Non-recurring operating income | 76A | €35,475 | €0 | -€35,475 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,598,090 | €1,595,863 | -€2,227 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €616,258 | €680,950 | +€64,692 | +10.5% |
| Other operating charges | 640/8 | €54,759 | €46,688 | -€8,070 | -14.7% |
| Non-recurring operating charges | 66A | €42,900 | €0 | -€42,900 | -100.0% |
| Gross operating margin | 9900 | €3,157,213 | €3,492,038 | +€334,825 | +10.6% |
| Operating profit (loss) | 9901 | €845,206 | €1,168,536 | +€323,330 | +38.3% |
| Financial income | 75/76B | €167,677 | €151,505 | -€16,171 | -9.6% |
| Recurring financial income | 75 | €167,677 | €151,505 | -€16,171 | -9.6% |
| Financial charges | 65/66B | €79,490 | €110,509 | +€31,019 | +39.0% |
| Recurring financial charges | 65 | €79,490 | €110,509 | +€31,019 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €933,392 | €1,209,532 | +€276,140 | +29.6% |
| Income taxes | 67/77 | €230,726 | €318,705 | +€87,980 | +38.1% |
| Profit (loss) for the period | 9904 | €702,666 | €890,827 | +€188,161 | +26.8% |
| Transfer to tax-exempt reserves | 689 | - | €568,350 | +€568,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €702,666 | €322,477 | -€380,189 | -54.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.