VAN LEEUWEN 117: what changed
VAN LEEUWEN 117
Largest movements
- Tangible fixed assets +€226,501
up €226,501 (+88.1%), from €257,135 to €483,636
of which Land and buildings: +€228,110
- Receivables within one year -€21,389
down €21,389 (-95.1%), from €22,500 to €1,111
of which Trade receivables: -€22,500
- Cash -€21,316
down €21,316 (-51.1%), from €41,742 to €20,426
mainly Investment in fixed assets (net) (-€253,125) and Tax, wage and social debts (-€6,095)
- Debts after one year +€191,392
up €191,392 (+78.2%), from €244,698 to €436,090
- Tax, wage and social debts -€6,095
down €6,095 (-92.9%), from €6,561 to €466
- Depreciation +€14,214
up €14,214 (+115%), from €12,410 to €26,624
- Taxes -€3,745
down €3,745, from €3,678 to -€67
- Gross operating margin -€2,520
down €2,520 (-7.6%), from €32,988 to €30,469
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,752 | €507,066 | +€185,314 | +57.6% |
| Fixed assets | 21/28 | €257,135 | €483,636 | +€226,501 | +88.1% |
| Tangible fixed assets | 22/27 | €257,135 | €483,636 | +€226,501 | +88.1% |
| Land and buildings | 22 | €244,519 | €472,628 | +€228,110 | +93.3% |
| Plant, machinery and equipment | 23 | €12,616 | €11,008 | -€1,608 | -12.7% |
| Current assets | 29/58 | €64,617 | €23,430 | -€41,187 | -63.7% |
| Amounts receivable within one year | 40/41 | €22,500 | €1,111 | -€21,389 | -95.1% |
| Trade receivables | 40 | €22,500 | - | -€22,500 | |
| Other amounts receivable | 41 | - | €1,111 | +€1,111 | |
| Cash at bank and in hand | 54/58 | €41,742 | €20,426 | -€21,316 | -51.1% |
| Deferred charges and accrued income | 490/1 | €376 | €1,894 | +€1,518 | +404% |
| Total equity and liabilities | 10/49 | €321,752 | €507,066 | +€185,314 | +57.6% |
| Equity | 10/15 | €66,710 | €68,958 | +€2,249 | +3.4% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,710 | €23,958 | +€2,249 | +10.4% |
| Amounts payable | 17/49 | €255,043 | €438,108 | +€183,065 | +71.8% |
| Amounts payable after more than one year | 17 | €244,698 | €436,090 | +€191,392 | +78.2% |
| Other amounts payable | 178/9 | €244,698 | €436,090 | +€191,392 | +78.2% |
| Amounts payable within one year | 42/48 | €10,344 | €2,018 | -€8,327 | -80.5% |
| Trade debts | 44 | €3,784 | €1,552 | -€2,232 | -59.0% |
| Suppliers | 440/4 | €3,784 | €1,552 | -€2,232 | -59.0% |
| Taxes, remuneration and social security | 45 | €6,561 | €466 | -€6,095 | -92.9% |
| Taxes | 450/3 | €6,561 | €466 | -€6,095 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,410 | €26,624 | +€14,214 | +115% |
| Other operating charges | 640/8 | €1,625 | €1,663 | +€38 | +2.3% |
| Gross operating margin | 9900 | €32,988 | €30,469 | -€2,520 | -7.6% |
| Operating profit (loss) | 9901 | €18,953 | €2,182 | -€16,771 | -88.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,700% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,700% |
| Profit (loss) for the period before taxes | 9903 | €18,953 | €2,182 | -€16,771 | -88.5% |
| Income taxes | 67/77 | €3,678 | -€67 | -€3,745 | |
| Profit (loss) for the period | 9904 | €15,275 | €2,249 | -€13,026 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,275 | €2,249 | -€13,026 | -85.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.