shaping.the.leaf: 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.
shaping.the.leaf
Largest movements
- Tangible fixed assets -€29,151
down €29,151 (-7.9%), from €370,875 to €341,724
of which Furniture and vehicles: -€17,843
- Cash -€28,976
down €28,976 (-21.0%), from €138,096 to €109,121
mainly Contributions, distributions and other (-€264,500) and Current portion of long-term debt (-€18,970)
- Reserves -€194,500
down €194,500 (-100.0%), from €194,500 to €0
- Other debts +€166,897
up €166,897 (+248.7%), from €67,114 to €234,011
- Current portion of long-term debt -€18,970
down €18,970 (-61.5%), from €30,863 to €11,893
- Debts after one year -€11,893
down €11,893 (-5.5%), from €217,078 to €205,186
- Financial income -€9,149
down €9,149 (-97.6%), from €9,374 to €225
- Financial charges -€2,346
down €2,346 (-25.0%), from €9,397 to €7,051
- Taxes -€1,732
down €1,732 (-8.4%), from €20,630 to €18,899
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 | €551,257 | €493,187 | -€58,070 | -10.5% |
| Fixed assets | 21/28 | €371,160 | €342,009 | -€29,151 | -7.9% |
| Tangible fixed assets | 22/27 | €370,875 | €341,724 | -€29,151 | -7.9% |
| Land and buildings | 22 | €334,772 | €327,406 | -€7,365 | -2.2% |
| Plant, machinery and equipment | 23 | €1,582 | €2,927 | +€1,345 | +85.0% |
| Furniture and vehicles | 24 | €17,843 | €0 | -€17,843 | -100.0% |
| Other tangible fixed assets | 26 | €16,678 | €11,391 | -€5,288 | -31.7% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €180,097 | €151,178 | -€28,919 | -16.1% |
| Amounts receivable within one year | 40/41 | €35,396 | €33,892 | -€1,503 | -4.2% |
| Trade receivables | 40 | €35,396 | €32,791 | -€2,605 | -7.4% |
| Other amounts receivable | 41 | €0 | €1,101 | +€1,101 | |
| Current investments | 50/53 | €6,553 | €6,553 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €138,096 | €109,121 | -€28,976 | -21.0% |
| Deferred charges and accrued income | 490/1 | €52 | €1,612 | +€1,561 | +3015.5% |
| Total equity and liabilities | 10/49 | €551,257 | €493,187 | -€58,070 | -10.5% |
| Equity | 10/15 | €213,231 | €18,998 | -€194,232 | -91.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €194,500 | €0 | -€194,500 | -100.0% |
| Distributable reserves | 133 | €194,500 | €0 | -€194,500 | -100.0% |
| Profit (loss) carried forward | 14 | €131 | €398 | +€268 | +204.4% |
| Amounts payable | 17/49 | €338,026 | €474,188 | +€136,162 | +40.3% |
| Amounts payable after more than one year | 17 | €217,078 | €205,186 | -€11,893 | -5.5% |
| Financial debts | 170/4 | €217,078 | €205,186 | -€11,893 | -5.5% |
| Amounts payable within one year | 42/48 | €119,955 | €263,823 | +€143,868 | +119.9% |
| Current portion of amounts payable after more than one year | 42 | €30,863 | €11,893 | -€18,970 | -61.5% |
| Trade debts | 44 | €1,245 | €1,333 | +€88 | +7.1% |
| Suppliers | 440/4 | €1,245 | €1,333 | +€88 | +7.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €20,733 | €16,585 | -€4,148 | -20.0% |
| Taxes | 450/3 | €16,833 | €16,585 | -€248 | -1.5% |
| Remuneration and social security | 454/9 | €3,900 | €0 | -€3,900 | -100.0% |
| Other amounts payable | 47/48 | €67,114 | €234,011 | +€166,897 | +248.7% |
| Accrued charges and deferred income | 492/3 | €993 | €5,180 | +€4,188 | +421.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,155 | €32,892 | -€1,263 | -3.7% |
| Other operating charges | 640/8 | €913 | €1,068 | +€155 | +17.0% |
| Gross operating margin | 9900 | €131,059 | €129,952 | -€1,107 | -0.8% |
| Operating profit (loss) | 9901 | €95,991 | €95,992 | +€1 | 0.0% |
| Financial income | 75/76B | €9,374 | €225 | -€9,149 | -97.6% |
| Recurring financial income | 75 | €9,374 | €225 | -€9,149 | -97.6% |
| Financial charges | 65/66B | €9,397 | €7,051 | -€2,346 | -25.0% |
| Recurring financial charges | 65 | €9,397 | €7,051 | -€2,346 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €95,968 | €89,166 | -€6,802 | -7.1% |
| Income taxes | 67/77 | €20,630 | €18,899 | -€1,732 | -8.4% |
| Profit (loss) for the period | 9904 | €75,338 | €70,268 | -€5,070 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,338 | €70,268 | -€5,070 | -6.7% |
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.