LEYINVEST: 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.
LEYINVEST
Largest movements
- Receivables within one year +€5.2m
up €5.2m (+131%), from €3.9m to €9.1m
of which Other amounts receivable: +€5.1m
- Cash -€211,540
down €211,540 (-79.4%), from €266,439 to €54,899
mainly Receivables within one year (-€5.2m) and Contributions, distributions and other (-€4.5m)
- Other debts +€4.6m
up €4.6m (+15,170%), from €30,000 to €4.6m
- Debts after one year +€4.0m
up €4.0m (+1,014%), from €389,583 to €4.3m
- Reserves -€3.9m
down €3.9m (-84.6%), from €4.6m to €713,052
of which Distributable reserves: -€3.9m
- Current portion of long-term debt +€219,990
up €219,990 (+80.0%), from €275,000 to €494,990
- Financial charges +€122,766
up €122,766 (+564%), from €21,766 to €144,532
- Financial income +€61,201
up €61,201 (+31.4%), from €195,130 to €256,331
- Other operating charges +€40,077
up €40,077 (+50.3%), from €79,633 to €119,710
- Gross operating margin +€13,098
up €13,098 (+1.5%), from €886,219 to €899,317
- Taxes -€9,446
down €9,446 (-4.1%), from €232,895 to €223,449
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 | €6,316,889 | €11,152,709 | +€4.8m | +76.6% |
| Fixed assets | 21/28 | €2,029,694 | €1,951,326 | -€78,368 | -3.9% |
| Tangible fixed assets | 22/27 | €2,029,694 | €1,951,214 | -€78,480 | -3.9% |
| Land and buildings | 22 | €2,029,694 | €1,951,214 | -€78,480 | -3.9% |
| Financial fixed assets | 28 | - | €112 | +€112 | |
| Current assets | 29/58 | €4,287,195 | €9,201,383 | +€4.9m | +115% |
| Amounts receivable within one year | 40/41 | €3,945,756 | €9,096,484 | +€5.2m | +131% |
| Trade receivables | 40 | €38,435 | €39,178 | +€743 | +1.9% |
| Other amounts receivable | 41 | €3,907,320 | €9,057,306 | +€5.1m | +132% |
| Cash at bank and in hand | 54/58 | €266,439 | €54,899 | -€211,540 | -79.4% |
| Deferred charges and accrued income | 490/1 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Total equity and liabilities | 10/49 | €6,316,889 | €11,152,709 | +€4.8m | +76.6% |
| Equity | 10/15 | €5,022,928 | €1,110,695 | -€3.9m | -77.9% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €4,620,157 | €713,052 | -€3.9m | -84.6% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Distributable reserves | 133 | €4,582,973 | €675,868 | -€3.9m | -85.3% |
| Investment grants | 15 | €30,931 | €25,802 | -€5,129 | -16.6% |
| Provisions and deferred taxes | 16 | €20,620 | €17,200 | -€3,420 | -16.6% |
| Deferred taxes | 168 | €20,620 | €17,200 | -€3,420 | -16.6% |
| Amounts payable | 17/49 | €1,273,340 | €10,024,814 | +€8.8m | +687% |
| Amounts payable after more than one year | 17 | €389,583 | €4,341,482 | +€4.0m | +1,014% |
| Financial debts | 170/4 | €389,583 | €4,341,482 | +€4.0m | +1,014% |
| Amounts payable within one year | 42/48 | €875,057 | €5,674,331 | +€4.8m | +548% |
| Current portion of amounts payable after more than one year | 42 | €275,000 | €494,990 | +€219,990 | +80.0% |
| Trade debts | 44 | €28,237 | €56,647 | +€28,409 | +101% |
| Suppliers | 440/4 | €28,237 | €56,647 | +€28,409 | +101% |
| Advances received on contracts in progress | 46 | €74,902 | €77,858 | +€2,956 | +3.9% |
| Taxes, remuneration and social security | 45 | €466,918 | €463,737 | -€3,181 | -0.7% |
| Taxes | 450/3 | €466,918 | €463,737 | -€3,181 | -0.7% |
| Other amounts payable | 47/48 | €30,000 | €4,581,100 | +€4.6m | +15,170% |
| Accrued charges and deferred income | 492/3 | €8,700 | €9,000 | +€300 | +3.4% |
| Non-recurring operating income | 76A | €428 | - | -€428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,480 | €78,480 | = | 0.0% |
| Other operating charges | 640/8 | €79,633 | €119,710 | +€40,077 | +50.3% |
| Non-recurring operating charges | 66A | €2,911 | - | -€2,911 | |
| Gross operating margin | 9900 | €886,219 | €899,317 | +€13,098 | +1.5% |
| Operating profit (loss) | 9901 | €725,195 | €701,126 | -€24,069 | -3.3% |
| Financial income | 75/76B | €195,130 | €256,331 | +€61,201 | +31.4% |
| Recurring financial income | 75 | €195,130 | €256,331 | +€61,201 | +31.4% |
| Financial charges | 65/66B | €21,766 | €144,532 | +€122,766 | +564% |
| Recurring financial charges | 65 | €21,766 | €144,532 | +€122,766 | +564% |
| Profit (loss) for the period before taxes | 9903 | €898,559 | €812,925 | -€85,634 | -9.5% |
| Transfer from deferred taxes | 780 | €3,420 | €3,420 | = | 0.0% |
| Income taxes | 67/77 | €232,895 | €223,449 | -€9,446 | -4.1% |
| Profit (loss) for the period | 9904 | €669,083 | €592,895 | -€76,188 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €669,083 | €592,895 | -€76,188 | -11.4% |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.