Sara Leysen: 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.
Sara Leysen
Largest movements
- Cash +€66,020
up €66,020 (+232%), from €28,451 to €94,472
mainly Receivables within one year (+€37,486) and Net result for the year (+€31,591)
- Receivables within one year -€37,486
down €37,486 (-85.5%), from €43,866 to €6,379
of which Trade receivables: -€37,492
- Deferred charges and accrued income +€1,280
up €1,280 (+526%), from €243 to €1,524
- Reserves +€31,591
up €31,591 (+76.2%), from €41,474 to €73,065
- Other debts +€5,553
up €5,553 (+34.0%), from €16,337 to €21,891
- Tax, wage and social debts -€5,432
down €5,432 (-44.5%), from €12,212 to €6,780
- Trade debts -€3,279
down €3,279 (-92.1%), from €3,559 to €280
- Gross operating margin -€18,031
down €18,031 (-29.7%), from €60,631 to €42,600
- Depreciation -€5,678
down €5,678 (-84.7%), from €6,708 to €1,029
- Taxes -€3,290
down €3,290 (-29.0%), from €11,363 to €8,074
- Financial charges +€1,238
up €1,238 (+835%), from €148 to €1,387
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 | €76,582 | €105,015 | +€28,434 | +37.1% |
| Fixed assets | 21/28 | €2,998 | €1,969 | -€1,029 | -34.3% |
| Tangible fixed assets | 22/27 | €2,998 | €1,969 | -€1,029 | -34.3% |
| Furniture and vehicles | 24 | €2,998 | €1,969 | -€1,029 | -34.3% |
| Current assets | 29/58 | €73,584 | €103,047 | +€29,463 | +40.0% |
| Stocks and contracts in progress | 3 | €1,024 | €672 | -€351 | -34.3% |
| Stocks | 30/36 | €1,024 | €672 | -€351 | -34.3% |
| Amounts receivable within one year | 40/41 | €43,866 | €6,379 | -€37,486 | -85.5% |
| Trade receivables | 40 | €43,777 | €6,286 | -€37,492 | -85.6% |
| Other amounts receivable | 41 | €88 | €94 | +€6 | +6.4% |
| Cash at bank and in hand | 54/58 | €28,451 | €94,472 | +€66,020 | +232% |
| Deferred charges and accrued income | 490/1 | €243 | €1,524 | +€1,280 | +526% |
| Total equity and liabilities | 10/49 | €76,582 | €105,015 | +€28,434 | +37.1% |
| Equity | 10/15 | €44,474 | €76,065 | +€31,591 | +71.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,474 | €73,065 | +€31,591 | +76.2% |
| Distributable reserves | 133 | €41,474 | €73,065 | +€31,591 | +76.2% |
| Amounts payable | 17/49 | €32,108 | €28,951 | -€3,157 | -9.8% |
| Amounts payable within one year | 42/48 | €32,108 | €28,951 | -€3,157 | -9.8% |
| Trade debts | 44 | €3,559 | €280 | -€3,279 | -92.1% |
| Suppliers | 440/4 | €3,559 | €280 | -€3,279 | -92.1% |
| Taxes, remuneration and social security | 45 | €12,212 | €6,780 | -€5,432 | -44.5% |
| Taxes | 450/3 | €12,212 | €6,780 | -€5,432 | -44.5% |
| Other amounts payable | 47/48 | €16,337 | €21,891 | +€5,553 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,708 | €1,029 | -€5,678 | -84.7% |
| Other operating charges | 640/8 | €940 | €520 | -€420 | -44.7% |
| Gross operating margin | 9900 | €60,631 | €42,600 | -€18,031 | -29.7% |
| Operating profit (loss) | 9901 | €52,983 | €41,051 | -€11,933 | -22.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €148 | €1,387 | +€1,238 | +835% |
| Recurring financial charges | 65 | €148 | €1,387 | +€1,238 | +835% |
| Profit (loss) for the period before taxes | 9903 | €52,837 | €39,664 | -€13,173 | -24.9% |
| Income taxes | 67/77 | €11,363 | €8,074 | -€3,290 | -29.0% |
| Profit (loss) for the period | 9904 | €41,474 | €31,591 | -€9,883 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,474 | €31,591 | -€9,883 | -23.8% |
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 26 October 2026 via checked.be.