'T LEEMHOF: 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.
'T LEEMHOF
Largest movements
- Tangible fixed assets +€13,070
up €13,070 (+11.8%), from €111,139 to €124,210
of which Land and buildings: +€14,063
- Cash -€11,160
down €11,160 (-32.8%), from €33,974 to €22,814
mainly Investment in fixed assets (net) (-€22,920) and Other debts (-€10,558)
- Reserves +€12,337
up €12,337 (+17.1%), from €72,027 to €84,365
- Other debts -€10,558
down €10,558 (-46.4%), from €22,742 to €12,184
- Depreciation +€576
up €576 (+6.2%), from €9,273 to €9,849
- Gross operating margin -€543
down €543 (-1.8%), from €29,931 to €29,388
- Taxes -€352
down €352 (-5.8%), from €6,109 to €5,757
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 | €146,644 | €147,500 | +€856 | +0.6% |
| Fixed assets | 21/28 | €111,139 | €124,210 | +€13,070 | +11.8% |
| Tangible fixed assets | 22/27 | €111,139 | €124,210 | +€13,070 | +11.8% |
| Land and buildings | 22 | €108,162 | €122,225 | +€14,063 | +13.0% |
| Plant, machinery and equipment | 23 | €2,977 | €1,985 | -€992 | -33.3% |
| Current assets | 29/58 | €35,505 | €23,290 | -€12,215 | -34.4% |
| Amounts receivable within one year | 40/41 | €1,531 | €476 | -€1,055 | -68.9% |
| Other amounts receivable | 41 | €1,531 | €476 | -€1,055 | -68.9% |
| Cash at bank and in hand | 54/58 | €33,974 | €22,814 | -€11,160 | -32.8% |
| Total equity and liabilities | 10/49 | €146,644 | €147,500 | +€856 | +0.6% |
| Equity | 10/15 | €119,309 | €131,646 | +€12,337 | +10.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €72,027 | €84,365 | +€12,337 | +17.1% |
| Distributable reserves | 133 | €72,027 | €84,365 | +€12,337 | +17.1% |
| Profit (loss) carried forward | 14 | €28,690 | €28,690 | = | 0.0% |
| Amounts payable | 17/49 | €27,335 | €15,853 | -€11,482 | -42.0% |
| Amounts payable within one year | 42/48 | €27,335 | €15,853 | -€11,482 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €2,047 | €1,693 | -€354 | -17.3% |
| Trade debts | 44 | €180 | €186 | +€7 | +3.7% |
| Suppliers | 440/4 | €180 | €186 | +€7 | +3.7% |
| Taxes, remuneration and social security | 45 | €2,366 | €1,790 | -€576 | -24.3% |
| Taxes | 450/3 | €2,366 | €1,790 | -€576 | -24.3% |
| Other amounts payable | 47/48 | €22,742 | €12,184 | -€10,558 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,273 | €9,849 | +€576 | +6.2% |
| Other operating charges | 640/8 | €1,244 | €1,291 | +€47 | +3.8% |
| Gross operating margin | 9900 | €29,931 | €29,388 | -€543 | -1.8% |
| Operating profit (loss) | 9901 | €19,414 | €18,247 | -€1,166 | -6.0% |
| Financial charges | 65/66B | €214 | €153 | -€61 | -28.7% |
| Recurring financial charges | 65 | €214 | €153 | -€61 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €19,200 | €18,095 | -€1,105 | -5.8% |
| Income taxes | 67/77 | €6,109 | €5,757 | -€352 | -5.8% |
| Profit (loss) for the period | 9904 | €13,091 | €12,337 | -€753 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,091 | €12,337 | -€753 | -5.8% |
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 31 October 2026 via checked.be.