LEYS: 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.
What changed
LEYS
NACE 28.299, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€82,804
2024 · €183,630-€100,826
Equity
€836,480
2024 · €1.2m-€334,542
Cash
€20,760
2024 · €49,969-€29,209
Balance sheet total
€3.3m
2024 · €3.7m-€453,610
Largest movements
Assets
- Tangible fixed assets -€297,737
down €297,737 (-18.2%), from €1.6m to €1.3m
of which Land and buildings: -€434,290
- Receivables after one year -€189,072
down €189,072 (-47.2%), from €400,450 to €211,378
- Intangible fixed assets +€70,523
up €70,523 (+972%), from €7,256 to €77,779
Equity and liabilities
- Revaluation surpluses -€218,113
down €218,113 (-100%), from €218,113 to €0
- Debts after one year -€110,485
down €110,485 (-12.5%), from €885,313 to €774,829
- Trade debts -€78,103
down €78,103 (-27.9%), from €279,683 to €201,580
- Contributions -€76,722
down €76,722 (-19.7%), from €390,000 to €313,278
- Current portion of long-term debt +€41,903
up €41,903 (+10.8%), from €387,204 to €429,107
Income statement
- Gross operating margin -€163,227
down €163,227 (-9.7%), from €1.7m to €1.5m
- Depreciation -€58,591
down €58,591 (-16.9%), from €346,361 to €287,770
- Other operating charges +€21,494
up €21,494 (+108%), from €19,823 to €41,317
- Financial charges -€18,336
down €18,336 (-16.7%), from €109,552 to €91,216
of which Financial charges: -€18,336
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
€183,630
Gross operating margin
-€163,227
Staff costs
-€4,697
Depreciation
+€58,591
Other operating charges
-€21,494
Financial income
+€11,667
Financial charges
+€18,336
Taxes
-€2
Result 2025
€82,804
raises the resultlowers the result
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.
From operations
+€519,774
Investment
-€60,556
Financing
-€488,427
Cash 2024
€49,969
From operations (derived)
+€519,774
Net result for the year
+€82,804
Depreciation
+€287,770
Receivables after one year
+€189,072
Stocks and contracts
-€4,125
Receivables within one year
+€11,854
Deferred charges and accrued income
+€386
Trade debts
-€78,103
Tax, wage and social debts
+€28,501
Accrued charges and deferred income
+€1,615
Investment (derived)
-€60,556
Investment in fixed assets (net)
-€60,556
Financing
-€488,427
Debts after one year
-€110,485
Current portion of long-term debt
+€41,903
Short-term financial debts
-€2,500
Contributions, distributions and other
-€417,346
Cash 2025
€20,760
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,744,558 | €3,290,948 | -€453,610 | -12.1% |
| Fixed assets | 21/28 | €1,646,775 | €1,419,561 | -€227,214 | -13.8% |
| Intangible fixed assets | 21 | €7,256 | €77,779 | +€70,523 | +972% |
| Tangible fixed assets | 22/27 | €1,639,519 | €1,341,782 | -€297,737 | -18.2% |
| Land and buildings | 22 | €434,290 | €0 | -€434,290 | -100% |
| Plant, machinery and equipment | 23 | €831,108 | €792,414 | -€38,694 | -4.7% |
| Furniture and vehicles | 24 | €40,218 | €28,072 | -€12,146 | -30.2% |
| Leasing and similar rights | 25 | €333,904 | €521,297 | +€187,393 | +56.1% |
| Current assets | 29/58 | €2,097,783 | €1,871,387 | -€226,396 | -10.8% |
| Amounts receivable after more than one year | 29 | €400,450 | €211,378 | -€189,072 | -47.2% |
| Other amounts receivable | 291 | €400,450 | €211,378 | -€189,072 | -47.2% |
| Stocks and contracts in progress | 3 | €1,023,273 | €1,027,398 | +€4,125 | +0.4% |
| Stocks | 30/36 | €601,096 | €573,632 | -€27,464 | -4.6% |
| Contracts in progress | 37 | €422,177 | €453,767 | +€31,590 | +7.5% |
| Amounts receivable within one year | 40/41 | €623,705 | €611,851 | -€11,854 | -1.9% |
| Trade receivables | 40 | €602,438 | €559,995 | -€42,443 | -7.0% |
| Other amounts receivable | 41 | €21,266 | €51,855 | +€30,589 | +144% |
| Cash at bank and in hand | 54/58 | €49,969 | €20,760 | -€29,209 | -58.5% |
| Deferred charges and accrued income | 490/1 | €386 | €0 | -€386 | -100% |
| Total equity and liabilities | 10/49 | €3,744,558 | €3,290,948 | -€453,610 | -12.1% |
| Equity | 10/15 | €1,171,022 | €836,480 | -€334,542 | -28.6% |
| Contributions | 10/11 | €390,000 | €313,278 | -€76,722 | -19.7% |
| Capital | 10 | €390,000 | €313,278 | -€76,722 | -19.7% |
| Issued capital | 100 | €390,000 | €313,278 | -€76,722 | -19.7% |
| Revaluation surpluses | 12 | €218,113 | €0 | -€218,113 | -100% |
| Reserves | 13 | €562,000 | €520,442 | -€41,558 | -7.4% |
| Non-distributable reserves | 130/1 | €39,000 | €31,328 | -€7,672 | -19.7% |
| Legal reserve | 130 | €39,000 | €31,328 | -€7,672 | -19.7% |
| Distributable reserves | 133 | €523,000 | €489,114 | -€33,886 | -6.5% |
| Profit (loss) carried forward | 14 | €908 | €2,760 | +€1,852 | +204% |
| Amounts payable | 17/49 | €2,573,537 | €2,454,468 | -€119,069 | -4.6% |
| Amounts payable after more than one year | 17 | €885,313 | €774,829 | -€110,485 | -12.5% |
| Financial debts | 170/4 | €885,313 | €774,829 | -€110,485 | -12.5% |
| Amounts payable within one year | 42/48 | €1,671,224 | €1,661,025 | -€10,199 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €387,204 | €429,107 | +€41,903 | +10.8% |
| Financial debts | 43 | €890,000 | €887,500 | -€2,500 | -0.3% |
| Credit institutions | 430/8 | €890,000 | €887,500 | -€2,500 | -0.3% |
| Trade debts | 44 | €279,683 | €201,580 | -€78,103 | -27.9% |
| Suppliers | 440/4 | €279,683 | €201,580 | -€78,103 | -27.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €114,337 | €142,838 | +€28,501 | +24.9% |
| Taxes | 450/3 | €7,591 | €21,265 | +€13,673 | +180% |
| Remuneration and social security | 454/9 | €106,746 | €121,573 | +€14,827 | +13.9% |
| Accrued charges and deferred income | 492/3 | €16,999 | €18,614 | +€1,615 | +9.5% |
| Non-recurring operating income | 76A | - | €113,292 | +€113,292 | |
| Remuneration, social security and pensions | 62 | €1,025,414 | €1,030,111 | +€4,697 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346,361 | €287,770 | -€58,591 | -16.9% |
| Other operating charges | 640/8 | €19,823 | €41,317 | +€21,494 | +108% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,681,986 | €1,518,758 | -€163,227 | -9.7% |
| Operating profit (loss) | 9901 | €290,387 | €159,560 | -€130,827 | -45.1% |
| Financial income | 75/76B | €2,969 | €14,636 | +€11,667 | +393% |
| Recurring financial income | 75 | €2,969 | €14,636 | +€11,667 | +393% |
| Financial charges | 65/66B | €109,552 | €91,216 | -€18,336 | -16.7% |
| Recurring financial charges | 65 | €109,552 | €91,216 | -€18,336 | -16.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €183,804 | €82,980 | -€100,824 | -54.9% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | €183,630 | €82,804 | -€100,826 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €183,630 | €82,804 | -€100,826 | -54.9% |
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 13 October 2026 via checked.be.