LEYS: 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.
LEYS
Largest movements
- Cash +€182,514
up €182,514 (+37.9%), from €482,092 to €664,606
mainly Depreciation (+€145,340) and Receivables after one year (+€96,000)
- Receivables after one year -€96,000
no longer reported in 2025 (was €96,000)
- Tangible fixed assets -€94,855
down €94,855 (-23.7%), from €399,700 to €304,845
of which Furniture and vehicles: -€99,285
- Receivables within one year -€30,199
down €30,199 (-15.2%), from €198,146 to €167,946
of which Other amounts receivable: -€21,895
- Reserves -€26,368
down €26,368 (-53.9%), from €48,906 to €22,538
of which Distributable reserves: -€26,368
- Other debts -€21,832
down €21,832 (-2.1%), from €1.1m to €1.0m
- Tax, wage and social debts +€14,103
up €14,103 (+939.8%), from €1,501 to €15,603
- Gross operating margin -€63,918
down €63,918 (-33.1%), from €193,015 to €129,097
- Financial income -€14,490
down €14,490 (-85.2%), from €17,011 to €2,521
- Taxes -€13,800
down €13,800 (-95.1%), from €14,511 to €711
- Other operating charges -€2,674
down €2,674 (-19.0%), from €14,078 to €11,404
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,182,814 | €1,148,648 | -€34,165 | -2.9% |
| Fixed assets | 21/28 | €399,700 | €304,845 | -€94,855 | -23.7% |
| Tangible fixed assets | 22/27 | €399,700 | €304,845 | -€94,855 | -23.7% |
| Land and buildings | 22 | €109,061 | €125,185 | +€16,123 | +14.8% |
| Plant, machinery and equipment | 23 | €45,088 | €33,395 | -€11,693 | -25.9% |
| Furniture and vehicles | 24 | €245,550 | €146,266 | -€99,285 | -40.4% |
| Current assets | 29/58 | €783,113 | €843,803 | +€60,690 | +7.7% |
| Amounts receivable after more than one year | 29 | €96,000 | - | -€96,000 | |
| Trade receivables | 290 | €96,000 | - | -€96,000 | |
| Amounts receivable within one year | 40/41 | €198,146 | €167,946 | -€30,199 | -15.2% |
| Trade receivables | 40 | €12,516 | €4,212 | -€8,304 | -66.3% |
| Other amounts receivable | 41 | €185,630 | €163,735 | -€21,895 | -11.8% |
| Cash at bank and in hand | 54/58 | €482,092 | €664,606 | +€182,514 | +37.9% |
| Deferred charges and accrued income | 490/1 | €6,876 | €11,251 | +€4,375 | +63.6% |
| Total equity and liabilities | 10/49 | €1,182,814 | €1,148,648 | -€34,165 | -2.9% |
| Equity | 10/15 | €110,406 | €84,038 | -€26,368 | -23.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €48,906 | €22,538 | -€26,368 | -53.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €42,756 | €16,388 | -€26,368 | -61.7% |
| Amounts payable | 17/49 | €1,072,407 | €1,064,610 | -€7,797 | -0.7% |
| Amounts payable within one year | 42/48 | €1,072,407 | €1,064,610 | -€7,797 | -0.7% |
| Financial debts | 43 | €618 | €854 | +€236 | +38.2% |
| Credit institutions | 430/8 | €618 | €854 | +€236 | +38.2% |
| Trade debts | 44 | €7,545 | €7,242 | -€303 | -4.0% |
| Suppliers | 440/4 | €7,545 | €7,242 | -€303 | -4.0% |
| Taxes, remuneration and social security | 45 | €1,501 | €15,603 | +€14,103 | +939.8% |
| Taxes | 450/3 | €1,501 | €15,603 | +€14,103 | +939.8% |
| Other amounts payable | 47/48 | €1,062,743 | €1,040,911 | -€21,832 | -2.1% |
| Non-recurring operating income | 76A | €181 | €285 | +€105 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,150 | €145,340 | -€811 | -0.6% |
| Other operating charges | 640/8 | €14,078 | €11,404 | -€2,674 | -19.0% |
| Gross operating margin | 9900 | €193,015 | €129,097 | -€63,918 | -33.1% |
| Operating profit (loss) | 9901 | €32,786 | -€27,647 | -€60,433 | |
| Financial income | 75/76B | €17,011 | €2,521 | -€14,490 | -85.2% |
| Recurring financial income | 75 | €17,011 | €2,521 | -€14,490 | -85.2% |
| Financial charges | 65/66B | €596 | €531 | -€65 | -11.0% |
| Recurring financial charges | 65 | €596 | €531 | -€65 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €49,201 | -€25,657 | -€74,858 | |
| Income taxes | 67/77 | €14,511 | €711 | -€13,800 | -95.1% |
| Profit (loss) for the period | 9904 | €34,690 | -€26,368 | -€61,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,690 | -€26,368 | -€61,058 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.