Tom Leyssen: 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.
Tom Leyssen
Largest movements
- Cash -€12,806
down €12,806 (-22.5%), from €56,896 to €44,091
mainly Contributions, distributions and other (-€75,000) and Investment in fixed assets (net) (-€19,211)
- Profit (loss) carried forward -€39,815
down €39,815 (-91.6%), from €43,489 to €3,674
- Other debts +€16,719
up €16,719 (+15,213%), from €110 to €16,829
- Debts after one year +€8,987
up €8,987 (+3.6%), from €248,650 to €257,637
- Tax, wage and social debts +€3,623
up €3,623 (+33.3%), from €10,890 to €14,513
- Depreciation -€29,866
down €29,866 (-57.1%), from €52,341 to €22,476
- Gross operating margin +€20,640
up €20,640 (+35.2%), from €58,646 to €79,286
- Taxes +€9,770
up €9,770 (+653%), from €1,496 to €11,265
- Financial charges +€5,567
up €5,567 (+130%), from €4,277 to €9,844
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 | €333,869 | €320,530 | -€13,339 | -4.0% |
| Fixed assets | 21/28 | €273,280 | €270,015 | -€3,265 | -1.2% |
| Tangible fixed assets | 22/27 | €273,280 | €270,015 | -€3,265 | -1.2% |
| Land and buildings | 22 | €252,222 | €254,257 | +€2,035 | +0.8% |
| Plant, machinery and equipment | 23 | €1,148 | €755 | -€394 | -34.3% |
| Furniture and vehicles | 24 | €3,513 | €1,731 | -€1,782 | -50.7% |
| Other tangible fixed assets | 26 | €16,397 | €13,273 | -€3,125 | -19.1% |
| Current assets | 29/58 | €60,589 | €50,515 | -€10,074 | -16.6% |
| Amounts receivable within one year | 40/41 | €329 | €3,304 | +€2,975 | +906% |
| Trade receivables | 40 | €329 | €1,004 | +€675 | +205% |
| Other amounts receivable | 41 | - | €2,300 | +€2,300 | |
| Cash at bank and in hand | 54/58 | €56,896 | €44,091 | -€12,806 | -22.5% |
| Deferred charges and accrued income | 490/1 | €3,364 | €3,121 | -€243 | -7.2% |
| Total equity and liabilities | 10/49 | €333,869 | €320,530 | -€13,339 | -4.0% |
| Equity | 10/15 | €58,489 | €18,674 | -€39,815 | -68.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,489 | €3,674 | -€39,815 | -91.6% |
| Amounts payable | 17/49 | €275,381 | €301,856 | +€26,475 | +9.6% |
| Amounts payable after more than one year | 17 | €248,650 | €257,637 | +€8,987 | +3.6% |
| Financial debts | 170/4 | €248,650 | €257,637 | +€8,987 | +3.6% |
| Amounts payable within one year | 42/48 | €26,731 | €44,219 | +€17,489 | +65.4% |
| Current portion of amounts payable after more than one year | 42 | €14,555 | €12,224 | -€2,330 | -16.0% |
| Trade debts | 44 | €1,176 | €652 | -€523 | -44.5% |
| Suppliers | 440/4 | €1,176 | €652 | -€523 | -44.5% |
| Taxes, remuneration and social security | 45 | €10,890 | €14,513 | +€3,623 | +33.3% |
| Taxes | 450/3 | €10,890 | €14,513 | +€3,623 | +33.3% |
| Other amounts payable | 47/48 | €110 | €16,829 | +€16,719 | +15,213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,341 | €22,476 | -€29,866 | -57.1% |
| Other operating charges | 640/8 | €337 | €516 | +€178 | +52.9% |
| Gross operating margin | 9900 | €58,646 | €79,286 | +€20,640 | +35.2% |
| Operating profit (loss) | 9901 | €5,967 | €56,295 | +€50,327 | +843% |
| Financial charges | 65/66B | €4,277 | €9,844 | +€5,567 | +130% |
| Recurring financial charges | 65 | €4,277 | €9,844 | +€5,567 | +130% |
| Profit (loss) for the period before taxes | 9903 | €1,690 | €46,451 | +€44,761 | +2,648% |
| Income taxes | 67/77 | €1,496 | €11,265 | +€9,770 | +653% |
| Profit (loss) for the period | 9904 | €195 | €35,185 | +€34,991 | +17,988% |
| Profit (loss) for the period to be appropriated | 9905 | €195 | €35,185 | +€34,991 | +17,988% |
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 21 October 2026 via checked.be.