Groep Leopold: 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.
Groep Leopold
Largest movements
- Receivables within one year -€199,957
down €199,957 (-71.0%), from €281,787 to €81,830
of which Other amounts receivable: -€253,051
- Cash +€7,770
up €7,770 (+668%), from €1,162 to €8,932
mainly Receivables within one year (+€199,957) and Net result for the year (+€23,416)
- Deferred charges and accrued income -€4,602
down €4,602 (-100%), from €4,602 to €0
- Tangible fixed assets -€3,876
down €3,876 (-3.9%), from €98,420 to €94,544
of which Land and buildings: -€3,308
- Other debts -€272,244
down €272,244 (-100%), from €272,244 to €0
- Reserves +€23,416
up €23,416 (+89.1%), from €26,275 to €49,692
of which Distributable reserves: +€28,727
- Current portion of long-term debt +€20,612
new in 2025: €20,612
- Trade debts +€19,731
up €19,731 (+228%), from €8,652 to €28,382
- Debts after one year +€17,738
new in 2025: €17,738
- Gross operating margin -€55,569
down €55,569 (-53.6%), from €103,725 to €48,156
- Taxes -€16,919
down €16,919 (-65.9%), from €25,690 to €8,771
- Other operating charges +€4,602
up €4,602 (+66.8%), from €6,886 to €11,488
- Financial income -€3,457
down €3,457 (-100%), from €3,457 to €0
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 | €385,972 | €185,306 | -€200,665 | -52.0% |
| Fixed assets | 21/28 | €98,420 | €94,544 | -€3,876 | -3.9% |
| Tangible fixed assets | 22/27 | €98,420 | €94,544 | -€3,876 | -3.9% |
| Land and buildings | 22 | €96,310 | €93,002 | -€3,308 | -3.4% |
| Plant, machinery and equipment | 23 | €2,111 | €1,542 | -€568 | -26.9% |
| Current assets | 29/58 | €287,551 | €90,762 | -€196,790 | -68.4% |
| Amounts receivable within one year | 40/41 | €281,787 | €81,830 | -€199,957 | -71.0% |
| Trade receivables | 40 | €18,000 | €71,094 | +€53,094 | +295% |
| Other amounts receivable | 41 | €263,787 | €10,736 | -€253,051 | -95.9% |
| Cash at bank and in hand | 54/58 | €1,162 | €8,932 | +€7,770 | +668% |
| Deferred charges and accrued income | 490/1 | €4,602 | €0 | -€4,602 | -100% |
| Total equity and liabilities | 10/49 | €385,972 | €185,306 | -€200,665 | -52.0% |
| Equity | 10/15 | €79,386 | €102,802 | +€23,416 | +29.5% |
| Contributions | 10/11 | €53,110 | €53,110 | = | 0.0% |
| Reserves | 13 | €26,275 | €49,692 | +€23,416 | +89.1% |
| Non-distributable reserves | 130/1 | €5,311 | €0 | -€5,311 | -100% |
| Reserves not available under the articles | 1311 | €5,311 | - | -€5,311 | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | €715 | €715 | = | 0.0% |
| Distributable reserves | 133 | €20,249 | €48,977 | +€28,727 | +142% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €306,586 | €82,504 | -€224,082 | -73.1% |
| Amounts payable after more than one year | 17 | - | €17,738 | +€17,738 | |
| Financial debts | 170/4 | - | €17,738 | +€17,738 | |
| Amounts payable within one year | 42/48 | €306,586 | €57,766 | -€248,820 | -81.2% |
| Current portion of amounts payable after more than one year | 42 | - | €20,612 | +€20,612 | |
| Trade debts | 44 | €8,652 | €28,382 | +€19,731 | +228% |
| Suppliers | 440/4 | €8,652 | €28,382 | +€19,731 | +228% |
| Taxes, remuneration and social security | 45 | €25,690 | €8,771 | -€16,919 | -65.9% |
| Taxes | 450/3 | €25,690 | €8,771 | -€16,919 | -65.9% |
| Other amounts payable | 47/48 | €272,244 | €0 | -€272,244 | -100% |
| Accrued charges and deferred income | 492/3 | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,876 | €3,876 | = | 0.0% |
| Other operating charges | 640/8 | €6,886 | €11,488 | +€4,602 | +66.8% |
| Gross operating margin | 9900 | €103,725 | €48,156 | -€55,569 | -53.6% |
| Operating profit (loss) | 9901 | €92,963 | €32,792 | -€60,170 | -64.7% |
| Financial income | 75/76B | €3,457 | €0 | -€3,457 | -100% |
| Recurring financial income | 75 | €3,457 | €0 | -€3,457 | -100% |
| Financial charges | 65/66B | €158 | €605 | +€447 | +283% |
| Recurring financial charges | 65 | €158 | €605 | +€447 | +283% |
| Profit (loss) for the period before taxes | 9903 | €96,262 | €32,188 | -€64,074 | -66.6% |
| Income taxes | 67/77 | €25,690 | €8,771 | -€16,919 | -65.9% |
| Profit (loss) for the period | 9904 | €70,572 | €23,416 | -€47,156 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,572 | €23,416 | -€47,156 | -66.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.