LEYENDECKER: 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.
LEYENDECKER
Largest movements
- Tangible fixed assets -€73,928
down €73,928 (-8.4%), from €881,920 to €807,992
of which Land and buildings: -€54,014
- Receivables within one year +€63,751
up €63,751 (+47.3%), from €134,716 to €198,467
of which Other amounts receivable: +€101,963
- Cash -€55,877
down €55,877 (-40.4%), from €138,261 to €82,383
mainly Contributions, distributions and other (-€125,198) and Debts after one year (-€114,646)
- Reserves -€123,079
down €123,079 (-62.2%), from €198,000 to €74,921
- Other debts +€118,122
up €118,122 (+790%), from €14,957 to €133,079
- Debts after one year -€114,646
down €114,646 (-29.7%), from €385,762 to €271,116
- Trade debts +€51,082
up €51,082 (+379%), from €13,492 to €64,574
- Profit (loss) carried forward +€47,137
up €47,137 (+12.5%), from €376,213 to €423,350
- Gross operating margin +€18,439
up €18,439 (+6.5%), from €283,439 to €301,878
- Staff costs +€17,461
up €17,461 (+13.2%), from €132,638 to €150,098
- Depreciation +€6,538
up €6,538 (+9.0%), from €72,867 to €79,405
- Financial income +€4,965
up €4,965 (+77.4%), from €6,418 to €11,383
- Taxes +€4,905
up €4,905 (+70.8%), from €6,927 to €11,832
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 | €1,201,544 | €1,135,514 | -€66,029 | -5.5% |
| Fixed assets | 21/28 | €895,076 | €821,148 | -€73,928 | -8.3% |
| Tangible fixed assets | 22/27 | €881,920 | €807,992 | -€73,928 | -8.4% |
| Land and buildings | 22 | €807,594 | €753,580 | -€54,014 | -6.7% |
| Furniture and vehicles | 24 | €74,327 | €54,412 | -€19,914 | -26.8% |
| Financial fixed assets | 28 | €13,156 | €13,156 | = | 0.0% |
| Current assets | 29/58 | €306,468 | €314,367 | +€7,899 | +2.6% |
| Stocks and contracts in progress | 3 | €32,500 | €32,500 | = | 0.0% |
| Stocks | 30/36 | €32,500 | €32,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €134,716 | €198,467 | +€63,751 | +47.3% |
| Trade receivables | 40 | €66,157 | €27,945 | -€38,212 | -57.8% |
| Other amounts receivable | 41 | €68,559 | €170,522 | +€101,963 | +149% |
| Cash at bank and in hand | 54/58 | €138,261 | €82,383 | -€55,877 | -40.4% |
| Deferred charges and accrued income | 490/1 | €991 | €1,016 | +€25 | +2.5% |
| Total equity and liabilities | 10/49 | €1,201,544 | €1,135,514 | -€66,029 | -5.5% |
| Equity | 10/15 | €600,571 | €522,510 | -€78,061 | -13.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €198,000 | €74,921 | -€123,079 | -62.2% |
| Distributable reserves | 133 | €198,000 | €74,921 | -€123,079 | -62.2% |
| Profit (loss) carried forward | 14 | €376,213 | €423,350 | +€47,137 | +12.5% |
| Investment grants | 15 | €6,358 | €4,239 | -€2,119 | -33.3% |
| Amounts payable | 17/49 | €600,973 | €613,004 | +€12,032 | +2.0% |
| Amounts payable after more than one year | 17 | €385,762 | €271,116 | -€114,646 | -29.7% |
| Financial debts | 170/4 | €385,762 | €271,116 | -€114,646 | -29.7% |
| Amounts payable within one year | 42/48 | €215,210 | €341,888 | +€126,678 | +58.9% |
| Current portion of amounts payable after more than one year | 42 | €160,475 | €129,646 | -€30,829 | -19.2% |
| Trade debts | 44 | €13,492 | €64,574 | +€51,082 | +379% |
| Suppliers | 440/4 | €13,492 | €64,574 | +€51,082 | +379% |
| Advances received on contracts in progress | 46 | €18,226 | - | -€18,226 | |
| Taxes, remuneration and social security | 45 | €8,061 | €14,589 | +€6,529 | +81.0% |
| Taxes | 450/3 | €3,196 | €10,027 | +€6,831 | +214% |
| Remuneration and social security | 454/9 | €4,864 | €4,562 | -€302 | -6.2% |
| Other amounts payable | 47/48 | €14,957 | €133,079 | +€118,122 | +790% |
| Remuneration, social security and pensions | 62 | €132,638 | €150,098 | +€17,461 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,867 | €79,405 | +€6,538 | +9.0% |
| Other operating charges | 640/8 | €10,527 | €7,704 | -€2,823 | -26.8% |
| Gross operating margin | 9900 | €283,439 | €301,878 | +€18,439 | +6.5% |
| Operating profit (loss) | 9901 | €67,407 | €64,671 | -€2,737 | -4.1% |
| Financial income | 75/76B | €6,418 | €11,383 | +€4,965 | +77.4% |
| Recurring financial income | 75 | €6,418 | €11,383 | +€4,965 | +77.4% |
| Financial charges | 65/66B | €19,217 | €17,084 | -€2,133 | -11.1% |
| Recurring financial charges | 65 | €19,217 | €17,084 | -€2,133 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €54,608 | €58,969 | +€4,362 | +8.0% |
| Income taxes | 67/77 | €6,927 | €11,832 | +€4,905 | +70.8% |
| Profit (loss) for the period | 9904 | €47,680 | €47,137 | -€544 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,680 | €47,137 | -€544 | -1.1% |
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 27 October 2026 via checked.be.