LEI: what changed
What changed
LEI
filed annual accounts (NBB)
Net result for the year
€289,196
2024 · -€18,989+€308,184
Equity
€285,759
2024 · -€3,437+€289,196
Cash
€834
2024 · €1,818-€984
Balance sheet total
€386,581
2024 · €233,744+€152,838
Largest movements
Assets
- Receivables within one year +€256,496
new in 2025: €256,496
- Tangible fixed assets -€102,674
no longer reported in 2025 (was €102,674)
Equity and liabilities
- Reserves +€260,000
up €260,000 (+13,985%), from €1,859 to €261,859
of which Distributable reserves: +€260,000
- Debts after one year -€236,701
no longer reported in 2025 (was €236,701)
- Tax, wage and social debts +€99,868
up €99,868 (+20,806%), from €480 to €100,348
- Profit (loss) carried forward +€29,196
up €29,196, from -€23,889 to €5,307
Income statement
- Gross operating margin +€373,057
up €373,057 (+2,043%), from €18,264 to €391,320
- Taxes +€99,388
up €99,388 (+20,706%), from €480 to €99,868
- Staff costs -€27,255
no longer reported in 2025 (was €27,255)
- Depreciation -€7,931
no longer reported in 2025 (was €7,931)
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.
Result 2024
-€18,989
Gross operating margin
+€373,057
Staff costs
+€27,255
Depreciation
+€7,931
Other operating charges
+€255
Financial income
-€8
Financial charges
-€917
Taxes
-€99,388
Result 2025
€289,196
raises the resultlowers the result
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.
From operations
+€133,043
Investment
+€102,674
Financing
-€236,701
Cash 2024
€1,818
From operations (derived)
+€133,043
Net result for the year
+€289,196
Receivables within one year
-€256,496
Trade debts
+€475
Tax, wage and social debts
+€99,868
Investment (derived)
+€102,674
Investment in fixed assets (net)
+€102,674
Financing
-€236,701
Debts after one year
-€236,701
Cash 2025
€834
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,744 | €386,581 | +€152,838 | +65.4% |
| Fixed assets | 21/28 | €231,925 | €129,251 | -€102,674 | -44.3% |
| Tangible fixed assets | 22/27 | €102,674 | - | -€102,674 | |
| Land and buildings | 22 | €102,674 | - | -€102,674 | |
| Financial fixed assets | 28 | €129,251 | €129,251 | = | 0.0% |
| Current assets | 29/58 | €1,818 | €257,330 | +€255,512 | +14,052% |
| Amounts receivable within one year | 40/41 | - | €256,496 | +€256,496 | |
| Other amounts receivable | 41 | - | €256,496 | +€256,496 | |
| Cash at bank and in hand | 54/58 | €1,818 | €834 | -€984 | -54.1% |
| Total equity and liabilities | 10/49 | €233,744 | €386,581 | +€152,838 | +65.4% |
| Equity | 10/15 | -€3,437 | €285,759 | +€289,196 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €261,859 | +€260,000 | +13,985% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €260,000 | +€260,000 | |
| Profit (loss) carried forward | 14 | -€23,889 | €5,307 | +€29,196 | |
| Amounts payable | 17/49 | €237,181 | €100,823 | -€136,358 | -57.5% |
| Amounts payable after more than one year | 17 | €236,701 | - | -€236,701 | |
| Financial debts | 170/4 | €236,701 | - | -€236,701 | |
| Amounts payable within one year | 42/48 | €480 | €100,823 | +€100,343 | +20,905% |
| Trade debts | 44 | - | €475 | +€475 | |
| Suppliers | 440/4 | - | €475 | +€475 | |
| Taxes, remuneration and social security | 45 | €480 | €100,348 | +€99,868 | +20,806% |
| Taxes | 450/3 | €480 | €100,348 | +€99,868 | +20,806% |
| Non-recurring operating income | 76A | - | €397,326 | +€397,326 | |
| Remuneration, social security and pensions | 62 | €27,255 | - | -€27,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,931 | - | -€7,931 | |
| Other operating charges | 640/8 | €1,357 | €1,102 | -€255 | -18.8% |
| Gross operating margin | 9900 | €18,264 | €391,320 | +€373,057 | +2,043% |
| Operating profit (loss) | 9901 | -€18,279 | €390,218 | +€408,497 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €237 | €1,155 | +€917 | +387% |
| Recurring financial charges | 65 | €237 | €1,155 | +€917 | +387% |
| Profit (loss) for the period before taxes | 9903 | -€18,509 | €389,064 | +€407,572 | |
| Income taxes | 67/77 | €480 | €99,868 | +€99,388 | +20,706% |
| Profit (loss) for the period | 9904 | -€18,989 | €289,196 | +€308,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,989 | €289,196 | +€308,184 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 1 November 2026 via checked.be.