’t Lelieblad: 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 Lelieblad
Largest movements
- Receivables within one year -€41,802
down €41,802 (-93.4%), from €44,769 to €2,966
of which Trade receivables: -€35,669
- Cash +€40,336
up €40,336 (+53.9%), from €74,876 to €115,212
mainly Receivables within one year (+€41,802) and Other debts (+€39,535)
- Stocks and contracts -€4,560
down €4,560 (-15.1%), from €30,230 to €25,670
- Tangible fixed assets -€3,034
down €3,034 (-24.3%), from €12,464 to €9,431
of which Furniture and vehicles: -€4,466
- Other debts +€39,535
up €39,535 (+68.2%), from €57,950 to €97,486
- Profit (loss) carried forward -€30,749
no longer reported in 2025 (was €30,749)
- Reserves -€11,636
down €11,636 (-18.5%), from €63,064 to €51,427
- Trade debts -€9,417
down €9,417 (-84.1%), from €11,194 to €1,777
- Tax, wage and social debts +€3,988
new in 2025: €3,988
- Gross operating margin -€13,095
down €13,095 (-34.8%), from €37,600 to €24,505
- Depreciation -€4,230
down €4,230 (-42.9%), from €9,870 to €5,640
- Taxes +€3,341
up €3,341 (+781%), from €428 to €3,768
- Other operating charges -€408
down €408 (-10.4%), from €3,908 to €3,500
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 | €165,956 | €157,678 | -€8,278 | -5.0% |
| Fixed assets | 21/28 | €12,614 | €9,480 | -€3,134 | -24.8% |
| Intangible fixed assets | 21 | €149 | €49 | -€100 | -67.0% |
| Tangible fixed assets | 22/27 | €12,464 | €9,431 | -€3,034 | -24.3% |
| Land and buildings | 22 | €6,312 | €5,543 | -€769 | -12.2% |
| Plant, machinery and equipment | 23 | €156 | €2,358 | +€2,202 | +1,409% |
| Furniture and vehicles | 24 | €5,996 | €1,530 | -€4,466 | -74.5% |
| Current assets | 29/58 | €153,343 | €148,198 | -€5,145 | -3.4% |
| Stocks and contracts in progress | 3 | €30,230 | €25,670 | -€4,560 | -15.1% |
| Stocks | 30/36 | €30,230 | €25,670 | -€4,560 | -15.1% |
| Amounts receivable within one year | 40/41 | €44,769 | €2,966 | -€41,802 | -93.4% |
| Trade receivables | 40 | €38,636 | €2,966 | -€35,669 | -92.3% |
| Other amounts receivable | 41 | €6,133 | - | -€6,133 | |
| Cash at bank and in hand | 54/58 | €74,876 | €115,212 | +€40,336 | +53.9% |
| Deferred charges and accrued income | 490/1 | €3,468 | €4,350 | +€881 | +25.4% |
| Total equity and liabilities | 10/49 | €165,956 | €157,678 | -€8,278 | -5.0% |
| Equity | 10/15 | €96,812 | €54,427 | -€42,385 | -43.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,064 | €51,427 | -€11,636 | -18.5% |
| Distributable reserves | 133 | €63,064 | €51,427 | -€11,636 | -18.5% |
| Profit (loss) carried forward | 14 | €30,749 | - | -€30,749 | |
| Amounts payable | 17/49 | €69,144 | €103,250 | +€34,106 | +49.3% |
| Amounts payable within one year | 42/48 | €69,144 | €103,250 | +€34,106 | +49.3% |
| Trade debts | 44 | €11,194 | €1,777 | -€9,417 | -84.1% |
| Suppliers | 440/4 | €11,194 | €1,777 | -€9,417 | -84.1% |
| Taxes, remuneration and social security | 45 | - | €3,988 | +€3,988 | |
| Taxes | 450/3 | - | €3,988 | +€3,988 | |
| Other amounts payable | 47/48 | €57,950 | €97,486 | +€39,535 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,870 | €5,640 | -€4,230 | -42.9% |
| Other operating charges | 640/8 | €3,908 | €3,500 | -€408 | -10.4% |
| Gross operating margin | 9900 | €37,600 | €24,505 | -€13,095 | -34.8% |
| Operating profit (loss) | 9901 | €23,822 | €15,364 | -€8,457 | -35.5% |
| Financial income | 75/76B | €304 | €492 | +€189 | +62.2% |
| Recurring financial income | 75 | €304 | €492 | +€189 | +62.2% |
| Financial charges | 65/66B | €135 | €162 | +€27 | +20.1% |
| Recurring financial charges | 65 | €135 | €162 | +€27 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €23,991 | €15,695 | -€8,295 | -34.6% |
| Income taxes | 67/77 | €428 | €3,768 | +€3,341 | +781% |
| Profit (loss) for the period | 9904 | €23,563 | €11,927 | -€11,636 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,563 | €11,927 | -€11,636 | -49.4% |
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.