LEYS - WAERENBURGH: 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.
LEYS - WAERENBURGH
Largest movements
- Current investments +€366,109
up €366,109 (+30.6%), from €1.2m to €1.6m
- Tangible fixed assets -€62,523
down €62,523 (-5.0%), from €1.2m to €1.2m
- Cash +€55,594
up €55,594 (+11.8%), from €470,155 to €525,749
mainly Net result for the year (+€615,325) and Depreciation (+€64,190)
- Receivables within one year -€54,087
down €54,087 (-9.9%), from €544,125 to €490,038
of which Other amounts receivable: -€52,049
- Reserves +€365,715
up €365,715 (+10.0%), from €3.6m to €4.0m
of which Distributable reserves: +€618,315
- Other debts -€64,472
no longer reported in 2025 (was €64,472)
- Gross operating margin -€48,357
down €48,357 (-4.9%), from €993,618 to €945,262
- Financial income -€25,023
down €25,023 (-27.1%), from €92,404 to €67,381
- Depreciation +€10,352
up €10,352 (+19.2%), from €53,838 to €64,190
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 | €3,932,553 | €4,220,006 | +€287,453 | +7.3% |
| Fixed assets | 21/28 | €1,249,793 | €1,187,269 | -€62,523 | -5.0% |
| Tangible fixed assets | 22/27 | €1,249,793 | €1,187,269 | -€62,523 | -5.0% |
| Land and buildings | 22 | €1,103,415 | €1,080,075 | -€23,340 | -2.1% |
| Plant, machinery and equipment | 23 | €37,000 | €27,255 | -€9,745 | -26.3% |
| Furniture and vehicles | 24 | €109,378 | €79,939 | -€29,439 | -26.9% |
| Current assets | 29/58 | €2,682,760 | €3,032,737 | +€349,977 | +13.0% |
| Amounts receivable after more than one year | 29 | €355,000 | €355,000 | = | 0.0% |
| Other amounts receivable | 291 | €355,000 | €355,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €544,125 | €490,038 | -€54,087 | -9.9% |
| Trade receivables | 40 | €2,291 | €254 | -€2,038 | -88.9% |
| Other amounts receivable | 41 | €541,834 | €489,785 | -€52,049 | -9.6% |
| Current investments | 50/53 | €1,196,384 | €1,562,493 | +€366,109 | +30.6% |
| Cash at bank and in hand | 54/58 | €470,155 | €525,749 | +€55,594 | +11.8% |
| Deferred charges and accrued income | 490/1 | €117,096 | €99,457 | -€17,639 | -15.1% |
| Total equity and liabilities | 10/49 | €3,932,553 | €4,220,006 | +€287,453 | +7.3% |
| Equity | 10/15 | €3,752,062 | €4,117,777 | +€365,715 | +9.7% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Reserves | 13 | €3,645,862 | €4,011,577 | +€365,715 | +10.0% |
| Tax-exempt reserves | 132 | €736,750 | €484,150 | -€252,600 | -34.3% |
| Distributable reserves | 133 | €2,909,112 | €3,527,427 | +€618,315 | +21.3% |
| Amounts payable | 17/49 | €180,491 | €102,229 | -€78,262 | -43.4% |
| Amounts payable within one year | 42/48 | €161,959 | €80,900 | -€81,059 | -50.0% |
| Trade debts | 44 | €11,127 | €7,878 | -€3,249 | -29.2% |
| Suppliers | 440/4 | €11,127 | €7,878 | -€3,249 | -29.2% |
| Taxes, remuneration and social security | 45 | €86,360 | €73,022 | -€13,339 | -15.4% |
| Taxes | 450/3 | €81,525 | €69,185 | -€12,340 | -15.1% |
| Remuneration and social security | 454/9 | €4,836 | €3,837 | -€999 | -20.7% |
| Other amounts payable | 47/48 | €64,472 | - | -€64,472 | |
| Accrued charges and deferred income | 492/3 | €18,532 | €21,329 | +€2,798 | +15.1% |
| Non-recurring operating income | 76A | €12,113 | - | -€12,113 | |
| Remuneration, social security and pensions | 62 | €16,621 | €14,178 | -€2,443 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,838 | €64,190 | +€10,352 | +19.2% |
| Other operating charges | 640/8 | €1,337 | €2,901 | +€1,564 | +117% |
| Gross operating margin | 9900 | €993,618 | €945,262 | -€48,357 | -4.9% |
| Operating profit (loss) | 9901 | €921,822 | €863,993 | -€57,829 | -6.3% |
| Financial income | 75/76B | €92,404 | €67,381 | -€25,023 | -27.1% |
| Recurring financial income | 75 | €92,404 | €67,381 | -€25,023 | -27.1% |
| Financial charges | 65/66B | €4,345 | €7,493 | +€3,148 | +72.4% |
| Recurring financial charges | 65 | €4,345 | €7,493 | +€3,148 | +72.4% |
| Profit (loss) for the period before taxes | 9903 | €1,009,881 | €923,881 | -€86,000 | -8.5% |
| Income taxes | 67/77 | €302,172 | €308,555 | +€6,383 | +2.1% |
| Profit (loss) for the period | 9904 | €707,708 | €615,325 | -€92,383 | -13.1% |
| Transfer from tax-exempt reserves | 789 | €210,500 | €252,600 | +€42,100 | +20.0% |
| Transfer to tax-exempt reserves | 689 | €210,500 | - | -€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €707,708 | €867,925 | +€160,217 | +22.6% |
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.