Paul Van Leemput-IT: 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.
Paul Van Leemput-IT
Largest movements
- Current investments +€43,040
new in 2025: €43,040
- Cash -€25,160
down €25,160 (-36.6%), from €68,788 to €43,627
mainly Current investments (-€43,040) and Debts after one year (-€15,185)
- Tangible fixed assets -€19,645
down €19,645 (-28.9%), from €67,893 to €48,249
of which Furniture and vehicles: -€19,037
- Receivables within one year +€2,087
up €2,087 (+21.9%), from €9,529 to €11,616
- Reserves +€17,964
up €17,964 (+27.9%), from €64,411 to €82,374
- Debts after one year -€15,185
down €15,185 (-38.6%), from €39,330 to €24,145
- Other debts -€1,931
down €1,931 (-40.3%), from €4,785 to €2,855
- Gross operating margin -€1,562
down €1,562 (-3.1%), from €50,324 to €48,762
- Financial charges -€522
down €522 (-16.9%), from €3,095 to €2,573
of which Financial charges: -€646
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 | €146,450 | €146,888 | +€438 | +0.3% |
| Fixed assets | 21/28 | €67,893 | €48,364 | -€19,530 | -28.8% |
| Tangible fixed assets | 22/27 | €67,893 | €48,249 | -€19,645 | -28.9% |
| Plant, machinery and equipment | 23 | €5,123 | €4,516 | -€608 | -11.9% |
| Furniture and vehicles | 24 | €62,770 | €43,733 | -€19,037 | -30.3% |
| Financial fixed assets | 28 | - | €115 | +€115 | |
| Current assets | 29/58 | €78,556 | €98,524 | +€19,967 | +25.4% |
| Amounts receivable within one year | 40/41 | €9,529 | €11,616 | +€2,087 | +21.9% |
| Trade receivables | 40 | €9,529 | €11,616 | +€2,087 | +21.9% |
| Current investments | 50/53 | - | €43,040 | +€43,040 | |
| Cash at bank and in hand | 54/58 | €68,788 | €43,627 | -€25,160 | -36.6% |
| Deferred charges and accrued income | 490/1 | €240 | €240 | = | 0.0% |
| Total equity and liabilities | 10/49 | €146,450 | €146,888 | +€438 | +0.3% |
| Equity | 10/15 | €69,511 | €87,474 | +€17,964 | +25.8% |
| Contributions | 10/11 | €5,100 | €5,100 | = | 0.0% |
| Reserves | 13 | €64,411 | €82,374 | +€17,964 | +27.9% |
| Distributable reserves | 133 | €64,411 | €82,374 | +€17,964 | +27.9% |
| Amounts payable | 17/49 | €76,939 | €59,413 | -€17,526 | -22.8% |
| Amounts payable after more than one year | 17 | €39,330 | €24,145 | -€15,185 | -38.6% |
| Financial debts | 170/4 | €39,330 | €24,145 | -€15,185 | -38.6% |
| Amounts payable within one year | 42/48 | €37,609 | €35,268 | -€2,341 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €14,494 | €15,185 | +€691 | +4.8% |
| Trade debts | 44 | €1,385 | €1,574 | +€188 | +13.6% |
| Suppliers | 440/4 | €1,385 | €1,574 | +€188 | +13.6% |
| Taxes, remuneration and social security | 45 | €16,944 | €15,655 | -€1,289 | -7.6% |
| Taxes | 450/3 | €14,494 | €13,205 | -€1,289 | -8.9% |
| Remuneration and social security | 454/9 | €2,450 | €2,450 | = | 0.0% |
| Other amounts payable | 47/48 | €4,785 | €2,855 | -€1,931 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,190 | €19,645 | +€455 | +2.4% |
| Other operating charges | 640/8 | €517 | €517 | +€1 | +0.1% |
| Gross operating margin | 9900 | €50,324 | €48,762 | -€1,562 | -3.1% |
| Operating profit (loss) | 9901 | €30,618 | €28,600 | -€2,018 | -6.6% |
| Financial income | 75/76B | €0 | €9 | +€9 | +86,300% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +86,300% |
| Financial charges | 65/66B | €3,095 | €2,573 | -€522 | -16.9% |
| Recurring financial charges | 65 | €3,095 | €2,448 | -€646 | -20.9% |
| Non-recurring financial charges | 66B | - | €125 | +€125 | |
| Profit (loss) for the period before taxes | 9903 | €27,523 | €26,036 | -€1,487 | -5.4% |
| Income taxes | 67/77 | €8,412 | €8,072 | -€340 | -4.0% |
| Profit (loss) for the period | 9904 | €19,111 | €17,964 | -€1,147 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,111 | €17,964 | -€1,147 | -6.0% |
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 20 October 2026 via checked.be.