RIEN LEENDERS: 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.
RIEN LEENDERS
Largest movements
- Tangible fixed assets -€25,977
down €25,977 (-32.2%), from €80,768 to €54,791
- Receivables within one year +€15,888
up €15,888 (+19.0%), from €83,576 to €99,464
of which Trade receivables: +€12,815
- Deferred charges and accrued income +€5,672
up €5,672, from €0 to €5,672
- Stocks and contracts +€5,500
up €5,500 (+45.3%), from €12,140 to €17,640
- Other debts +€58,512
up €58,512 (+180%), from €32,518 to €91,030
- Reserves -€49,937
down €49,937 (-51.3%), from €97,252 to €47,315
- Debts after one year -€12,612
down €12,612 (-20.5%), from €61,635 to €49,023
of which Financial debts: -€12,612
- Trade debts +€2,932
up €2,932 (+22.7%), from €12,894 to €15,826
- Tax, wage and social debts +€2,374
up €2,374 (+48.4%), from €4,905 to €7,279
- Gross operating margin +€14,561
up €14,561 (+24.0%), from €60,607 to €75,168
- Depreciation +€2,979
up €2,979 (+13.0%), from €22,998 to €25,977
- Taxes +€2,501
up €2,501 (+38.1%), from €6,569 to €9,070
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 | €232,645 | €233,085 | +€440 | +0.2% |
| Fixed assets | 21/28 | €80,768 | €54,791 | -€25,977 | -32.2% |
| Tangible fixed assets | 22/27 | €80,768 | €54,791 | -€25,977 | -32.2% |
| Plant, machinery and equipment | 23 | €16,359 | €12,686 | -€3,673 | -22.5% |
| Furniture and vehicles | 24 | €37,509 | €25,323 | -€12,186 | -32.5% |
| Leasing and similar rights | 25 | €26,900 | €16,782 | -€10,118 | -37.6% |
| Current assets | 29/58 | €151,877 | €178,294 | +€26,417 | +17.4% |
| Stocks and contracts in progress | 3 | €12,140 | €17,640 | +€5,500 | +45.3% |
| Stocks | 30/36 | €12,140 | €17,640 | +€5,500 | +45.3% |
| Amounts receivable within one year | 40/41 | €83,576 | €99,464 | +€15,888 | +19.0% |
| Trade receivables | 40 | €74,861 | €87,676 | +€12,815 | +17.1% |
| Other amounts receivable | 41 | €8,714 | €11,788 | +€3,073 | +35.3% |
| Cash at bank and in hand | 54/58 | €56,161 | €55,518 | -€642 | -1.1% |
| Deferred charges and accrued income | 490/1 | €0 | €5,672 | +€5,672 | |
| Total equity and liabilities | 10/49 | €232,645 | €233,085 | +€440 | +0.2% |
| Equity | 10/15 | €107,252 | €57,315 | -€49,937 | -46.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €97,252 | €47,315 | -€49,937 | -51.3% |
| Distributable reserves | 133 | €97,252 | €47,315 | -€49,937 | -51.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €125,393 | €175,770 | +€50,377 | +40.2% |
| Amounts payable after more than one year | 17 | €61,635 | €49,023 | -€12,612 | -20.5% |
| Financial debts | 170/4 | €31,635 | €19,023 | -€12,612 | -39.9% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,758 | €126,747 | +€62,988 | +98.8% |
| Current portion of amounts payable after more than one year | 42 | €13,442 | €12,612 | -€830 | -6.2% |
| Trade debts | 44 | €12,894 | €15,826 | +€2,932 | +22.7% |
| Suppliers | 440/4 | €12,894 | €15,826 | +€2,932 | +22.7% |
| Taxes, remuneration and social security | 45 | €4,905 | €7,279 | +€2,374 | +48.4% |
| Taxes | 450/3 | €4,905 | €7,279 | +€2,374 | +48.4% |
| Other amounts payable | 47/48 | €32,518 | €91,030 | +€58,512 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,998 | €25,977 | +€2,979 | +13.0% |
| Other operating charges | 640/8 | €1,074 | €917 | -€157 | -14.6% |
| Gross operating margin | 9900 | €60,607 | €75,168 | +€14,561 | +24.0% |
| Operating profit (loss) | 9901 | €36,535 | €48,274 | +€11,739 | +32.1% |
| Financial income | 75/76B | €19 | €119 | +€100 | +522% |
| Recurring financial income | 75 | €19 | €119 | +€100 | +522% |
| Financial charges | 65/66B | €4,631 | €4,259 | -€372 | -8.0% |
| Recurring financial charges | 65 | €4,631 | €4,259 | -€372 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €31,923 | €44,134 | +€12,211 | +38.3% |
| Income taxes | 67/77 | €6,569 | €9,070 | +€2,501 | +38.1% |
| Profit (loss) for the period | 9904 | €25,354 | €35,063 | +€9,709 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,354 | €35,063 | +€9,709 | +38.3% |
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 28 October 2026 via checked.be.