'T LEESGENOT: 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 LEESGENOT
Largest movements
- Cash -€2,295
down €2,295 (-79.0%), from €2,904 to €609
mainly Short-term financial debts (-€11,995) and Other debts (-€8,533)
- Tangible fixed assets -€2,016
down €2,016 (-1.9%), from €107,065 to €105,049
of which Land and buildings: -€3,973
- Short-term financial debts -€11,995
down €11,995 (-90.2%), from €13,301 to €1,306
- Profit (loss) carried forward +€9,401
up €9,401 (+62.9%), from -€14,937 to -€5,536
- Other debts -€8,533
down €8,533 (-11.2%), from €76,150 to €67,617
- Trade debts +€6,589
up €6,589 (+49.4%), from €13,342 to €19,931
- Advances received +€2,244
new in 2025: €2,244
- Gross operating margin +€24,129
up €24,129, from -€3,024 to €21,105
- Taxes +€2,271
up €2,271 (+1,774%), from €128 to €2,399
- Financial charges -€865
down €865 (-27.0%), from €3,209 to €2,344
- Financial income +€387
up €387 (+191%), from €203 to €590
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 | €131,273 | €126,662 | -€4,611 | -3.5% |
| Fixed assets | 21/28 | €107,065 | €105,049 | -€2,016 | -1.9% |
| Tangible fixed assets | 22/27 | €107,065 | €105,049 | -€2,016 | -1.9% |
| Land and buildings | 22 | €106,261 | €102,288 | -€3,973 | -3.7% |
| Plant, machinery and equipment | 23 | - | €2,219 | +€2,219 | |
| Furniture and vehicles | 24 | €804 | €541 | -€262 | -32.6% |
| Current assets | 29/58 | €24,208 | €21,613 | -€2,594 | -10.7% |
| Stocks and contracts in progress | 3 | €8,318 | €7,406 | -€912 | -11.0% |
| Stocks | 30/36 | €8,318 | €7,406 | -€912 | -11.0% |
| Amounts receivable within one year | 40/41 | €10,466 | €11,175 | +€710 | +6.8% |
| Trade receivables | 40 | €4,070 | €6,793 | +€2,723 | +66.9% |
| Other amounts receivable | 41 | €6,396 | €4,382 | -€2,013 | -31.5% |
| Cash at bank and in hand | 54/58 | €2,904 | €609 | -€2,295 | -79.0% |
| Deferred charges and accrued income | 490/1 | €2,520 | €2,423 | -€97 | -3.8% |
| Total equity and liabilities | 10/49 | €131,273 | €126,662 | -€4,611 | -3.5% |
| Equity | 10/15 | €23,933 | €33,334 | +€9,401 | +39.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,270 | €20,270 | = | 0.0% |
| Distributable reserves | 133 | €20,270 | €20,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,937 | -€5,536 | +€9,401 | +62.9% |
| Amounts payable | 17/49 | €107,339 | €93,327 | -€14,012 | -13.1% |
| Amounts payable within one year | 42/48 | €107,339 | €93,327 | -€14,012 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €2,046 | - | -€2,046 | |
| Financial debts | 43 | €13,301 | €1,306 | -€11,995 | -90.2% |
| Credit institutions | 430/8 | €13,301 | €1,306 | -€11,995 | -90.2% |
| Trade debts | 44 | €13,342 | €19,931 | +€6,589 | +49.4% |
| Suppliers | 440/4 | €13,342 | €19,931 | +€6,589 | +49.4% |
| Advances received on contracts in progress | 46 | - | €2,244 | +€2,244 | |
| Taxes, remuneration and social security | 45 | €2,500 | €2,229 | -€271 | -10.8% |
| Taxes | 450/3 | €600 | €629 | +€29 | +4.9% |
| Remuneration and social security | 454/9 | €1,900 | €1,600 | -€300 | -15.8% |
| Other amounts payable | 47/48 | €76,150 | €67,617 | -€8,533 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,030 | €5,131 | +€101 | +2.0% |
| Other operating charges | 640/8 | €2,372 | €2,370 | -€2 | -0.1% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | -€3,024 | €21,105 | +€24,129 | |
| Operating profit (loss) | 9901 | -€10,425 | €13,555 | +€23,980 | |
| Financial income | 75/76B | €203 | €590 | +€387 | +191% |
| Recurring financial income | 75 | €203 | €590 | +€387 | +191% |
| Financial charges | 65/66B | €3,209 | €2,344 | -€865 | -27.0% |
| Recurring financial charges | 65 | €3,209 | €2,344 | -€865 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,432 | €11,800 | +€25,232 | |
| Income taxes | 67/77 | €128 | €2,399 | +€2,271 | +1,774% |
| Profit (loss) for the period | 9904 | -€13,560 | €9,401 | +€22,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,560 | €9,401 | +€22,961 |
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 14 October 2026 via checked.be.