ETS LEROY: 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.
ETS LEROY
Largest movements
- Tangible fixed assets +€36,154
up €36,154 (+113%), from €31,895 to €68,049
of which Plant, machinery and equipment: +€22,761
- Cash +€6,165
up €6,165 (+116%), from €5,332 to €11,497
mainly Other debts (+€44,080) and Depreciation (+€19,649)
- Receivables within one year +€2,634
up €2,634 (+92.6%), from €2,844 to €5,478
- Deferred charges and accrued income -€1,259
down €1,259 (-78.4%), from €1,605 to €346
- Other debts +€44,080
up €44,080 (+563%), from €7,828 to €51,908
- Profit (loss) carried forward -€9,031
down €9,031 (-66.5%), from -€13,582 to -€22,613
- Current portion of long-term debt +€5,804
up €5,804 (+63.0%), from €9,207 to €15,011
- Debts after one year +€4,722
up €4,722 (+33.0%), from €14,319 to €19,041
- Trade debts -€2,415
down €2,415 (-88.9%), from €2,715 to €301
- Depreciation +€9,374
up €9,374 (+91.2%), from €10,276 to €19,649
- Gross operating margin -€2,119
down €2,119 (-13.7%), from €15,501 to €13,382
- Financial charges +€276
up €276 (+15.2%), from €1,810 to €2,086
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 | €41,676 | €85,369 | +€43,693 | +105% |
| Fixed assets | 21/28 | €31,895 | €68,049 | +€36,154 | +113% |
| Tangible fixed assets | 22/27 | €31,895 | €68,049 | +€36,154 | +113% |
| Plant, machinery and equipment | 23 | €26,908 | €49,669 | +€22,761 | +84.6% |
| Furniture and vehicles | 24 | - | €3,324 | +€3,324 | |
| Other tangible fixed assets | 26 | €4,987 | €15,056 | +€10,069 | +202% |
| Current assets | 29/58 | €9,781 | €17,321 | +€7,540 | +77.1% |
| Amounts receivable within one year | 40/41 | €2,844 | €5,478 | +€2,634 | +92.6% |
| Trade receivables | 40 | €2,844 | €5,478 | +€2,634 | +92.6% |
| Cash at bank and in hand | 54/58 | €5,332 | €11,497 | +€6,165 | +116% |
| Deferred charges and accrued income | 490/1 | €1,605 | €346 | -€1,259 | -78.4% |
| Total equity and liabilities | 10/49 | €41,676 | €85,369 | +€43,693 | +105% |
| Equity | 10/15 | €5,289 | -€3,742 | -€9,031 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €271 | €271 | = | 0.0% |
| Distributable reserves | 133 | €271 | €271 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,582 | -€22,613 | -€9,031 | -66.5% |
| Amounts payable | 17/49 | €36,388 | €89,111 | +€52,724 | +145% |
| Amounts payable after more than one year | 17 | €14,319 | €19,041 | +€4,722 | +33.0% |
| Financial debts | 170/4 | €14,319 | €19,041 | +€4,722 | +33.0% |
| Amounts payable within one year | 42/48 | €21,886 | €69,972 | +€48,085 | +220% |
| Current portion of amounts payable after more than one year | 42 | €9,207 | €15,011 | +€5,804 | +63.0% |
| Trade debts | 44 | €2,715 | €301 | -€2,415 | -88.9% |
| Suppliers | 440/4 | €2,715 | €301 | -€2,415 | -88.9% |
| Taxes, remuneration and social security | 45 | €2,137 | €2,752 | +€616 | +28.8% |
| Taxes | 450/3 | €2,137 | €2,752 | +€616 | +28.8% |
| Other amounts payable | 47/48 | €7,828 | €51,908 | +€44,080 | +563% |
| Accrued charges and deferred income | 492/3 | €182 | €98 | -€84 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,276 | €19,649 | +€9,374 | +91.2% |
| Other operating charges | 640/8 | €634 | €683 | +€49 | +7.7% |
| Gross operating margin | 9900 | €15,501 | €13,382 | -€2,119 | -13.7% |
| Operating profit (loss) | 9901 | €4,591 | -€6,950 | -€11,541 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +50,000% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +50,000% |
| Financial charges | 65/66B | €1,810 | €2,086 | +€276 | +15.2% |
| Recurring financial charges | 65 | €1,810 | €2,086 | +€276 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €2,781 | -€9,031 | -€11,812 | |
| Profit (loss) for the period | 9904 | €2,781 | -€9,031 | -€11,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,781 | -€9,031 | -€11,812 |
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 17 October 2026 via checked.be.