VAN DEN BOGAERT LEON: 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.
VAN DEN BOGAERT LEON
Largest movements
- Tangible fixed assets -€22,290
down €22,290 (-35.3%), from €63,077 to €40,787
of which Furniture and vehicles: -€27,999
- Receivables within one year -€20,520
down €20,520 (-61.5%), from €33,379 to €12,859
of which Trade receivables: -€20,919
- Other debts -€42,985
down €42,985 (-13.2%), from €326,337 to €283,353
- Current portion of long-term debt +€27,587
up €27,587 (+29.1%), from €94,917 to €122,504
- Trade debts -€21,744
down €21,744 (-41.8%), from €52,026 to €30,282
- Gross operating margin +€18,714
up €18,714 (+42.1%), from €44,500 to €63,213
- Financial charges -€5,205
down €5,205 (-17.0%), from €30,585 to €25,380
of which Financial charges: -€5,132
- Depreciation +€1,620
up €1,620 (+5.1%), from €31,750 to €33,370
- Other operating charges -€1,286
down €1,286 (-25.5%), from €5,038 to €3,751
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 | €1,207,553 | €1,167,980 | -€39,573 | -3.3% |
| Fixed assets | 21/28 | €63,097 | €40,807 | -€22,290 | -35.3% |
| Tangible fixed assets | 22/27 | €63,077 | €40,787 | -€22,290 | -35.3% |
| Land and buildings | 22 | €15,711 | €13,215 | -€2,496 | -15.9% |
| Plant, machinery and equipment | 23 | €7,559 | €15,765 | +€8,206 | +109% |
| Furniture and vehicles | 24 | €39,807 | €11,808 | -€27,999 | -70.3% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €1,144,456 | €1,127,172 | -€17,283 | -1.5% |
| Stocks and contracts in progress | 3 | €1,075,125 | €1,078,125 | +€3,000 | +0.3% |
| Stocks | 30/36 | €1,075,125 | €1,078,125 | +€3,000 | +0.3% |
| Amounts receivable within one year | 40/41 | €33,379 | €12,859 | -€20,520 | -61.5% |
| Trade receivables | 40 | €30,275 | €9,356 | -€20,919 | -69.1% |
| Other amounts receivable | 41 | €3,104 | €3,503 | +€399 | +12.8% |
| Cash at bank and in hand | 54/58 | €13,451 | €12,552 | -€899 | -6.7% |
| Deferred charges and accrued income | 490/1 | €22,500 | €23,636 | +€1,136 | +5.0% |
| Total equity and liabilities | 10/49 | €1,207,553 | €1,167,980 | -€39,573 | -3.3% |
| Equity | 10/15 | €492,192 | €492,523 | +€331 | +0.1% |
| Contributions | 10/11 | €172,286 | €172,286 | = | 0.0% |
| Capital | 10 | €172,286 | €172,286 | = | 0.0% |
| Issued capital | 100 | €172,286 | €172,286 | = | 0.0% |
| Reserves | 13 | €533,707 | €533,707 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,229 | €17,229 | = | 0.0% |
| Legal reserve | 130 | €17,229 | €17,229 | = | 0.0% |
| Distributable reserves | 133 | €516,479 | €516,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,802 | -€213,471 | +€331 | +0.2% |
| Amounts payable | 17/49 | €715,361 | €675,457 | -€39,904 | -5.6% |
| Amounts payable after more than one year | 17 | €235,300 | €233,441 | -€1,859 | -0.8% |
| Financial debts | 170/4 | €235,300 | €233,441 | -€1,859 | -0.8% |
| Amounts payable within one year | 42/48 | €480,061 | €442,016 | -€38,045 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €94,917 | €122,504 | +€27,587 | +29.1% |
| Trade debts | 44 | €52,026 | €30,282 | -€21,744 | -41.8% |
| Suppliers | 440/4 | €52,026 | €30,282 | -€21,744 | -41.8% |
| Taxes, remuneration and social security | 45 | €6,780 | €5,877 | -€903 | -13.3% |
| Taxes | 450/3 | €6,780 | €5,877 | -€903 | -13.3% |
| Other amounts payable | 47/48 | €326,337 | €283,353 | -€42,985 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,750 | €33,370 | +€1,620 | +5.1% |
| Other operating charges | 640/8 | €5,038 | €3,751 | -€1,286 | -25.5% |
| Non-recurring operating charges | 66A | €6,983 | €0 | -€6,983 | -100% |
| Gross operating margin | 9900 | €44,500 | €63,213 | +€18,714 | +42.1% |
| Operating profit (loss) | 9901 | €730 | €26,092 | +€25,362 | +3,476% |
| Financial income | 75/76B | €10 | €7 | -€3 | -33.1% |
| Recurring financial income | 75 | €10 | €7 | -€3 | -33.1% |
| Financial charges | 65/66B | €30,585 | €25,380 | -€5,205 | -17.0% |
| Recurring financial charges | 65 | €30,502 | €25,370 | -€5,132 | -16.8% |
| Non-recurring financial charges | 66B | €83 | €10 | -€73 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,845 | €719 | +€30,563 | |
| Income taxes | 67/77 | €342 | €388 | +€46 | +13.5% |
| Profit (loss) for the period | 9904 | -€30,186 | €331 | +€30,517 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,186 | €331 | +€30,517 |
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 1 November 2026 via checked.be.