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L.E.A.G. CONSTRUCT: what changed

Two fiscal 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.

What changed

L.E.A.G. CONSTRUCT

BE 0718.626.181
NACE 41.001, General construction of residential buildings
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€14,319
2023 · €145,877-€160,196
Equity
€417,178
2023 · €431,497-€14,319
Cash
-
2023 · €7,526-€7,526
Balance sheet total
€1.3m
2023 · €1.1m+€249,982

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€225,014

    up €225,014 (+394.1%), from €57,102 to €282,116

    of which Trade receivables: +€162,492

  • Tangible fixed assets +€46,368

    up €46,368 (+10.1%), from €461,124 to €507,492

    of which Furniture and vehicles: +€76,943

  • Deferred charges and accrued income -€13,874

    no longer reported in 2024 (was €13,874)

Equity and liabilities
  • Trade debts +€225,664

    up €225,664 (+427.5%), from €52,784 to €278,448

  • Tax, wage and social debts -€63,280

    down €63,280 (-68.0%), from €93,089 to €29,809

    of which Taxes: -€62,191

  • Debts after one year +€58,654

    up €58,654 (+13.3%), from €442,594 to €501,248

    of which Financial debts: +€58,654

  • Current portion of long-term debt +€21,272

    up €21,272 (+63.6%), from €33,461 to €54,733

  • Short-term financial debts +€17,196

    new in 2024: €17,196

Income statement
  • Gross operating margin -€248,671

    down €248,671 (-81.7%), from €304,348 to €55,678

  • Taxes -€50,841

    no longer reported in 2024 (was €50,841)

  • Staff costs -€33,000

    down €33,000 (-76.6%), from €43,084 to €10,084

  • Depreciation -€5,377

    down €5,377 (-10.6%), from €50,857 to €45,480

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €145,877
Gross operating margin -€248,671
Staff costs +€33,000
Depreciation +€5,377
Other operating charges -€2,356
Financial income -€199
Financial charges +€1,812
Taxes +€50,841
Result 2024 -€14,319

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations -€12,801
Investment -€91,848
Financing +€97,123
Cash 2023 €7,526
Net result for the year -€14,319
Depreciation +€45,480
Receivables within one year -€225,014
Deferred charges and accrued income +€13,874
Trade debts +€225,664
Tax, wage and social debts -€63,280
Other debts +€882
Accrued charges and deferred income +€3,912
Investment in fixed assets (net) -€91,848
Debts after one year +€58,654
Current portion of long-term debt +€21,272
Short-term financial debts +€17,196
Cash 2024 €0
Every line side by side 47 lines
Line Code 2023 2024 Change %
Total assets 20/58 €1,057,360 €1,307,342 +€249,982 +23.6%
Fixed assets 21/28 €461,124 €507,492 +€46,368 +10.1%
Tangible fixed assets 22/27 €461,124 €507,492 +€46,368 +10.1%
Land and buildings 22 €382,060 €374,542 -€7,518 -2.0%
Plant, machinery and equipment 23 €11,496 €4,994 -€6,503 -56.6%
Furniture and vehicles 24 €4,978 €81,921 +€76,943 +1545.6%
Leasing and similar rights 25 €62,589 €46,035 -€16,554 -26.4%
Current assets 29/58 €596,236 €799,851 +€203,615 +34.2%
Amounts receivable after more than one year 29 €517,734 €517,734 = 0.0%
Other amounts receivable 291 €517,734 €517,734 = 0.0%
Amounts receivable within one year 40/41 €57,102 €282,116 +€225,014 +394.1%
Trade receivables 40 €57,102 €219,594 +€162,492 +284.6%
Other amounts receivable 41 €0 €62,522 +€62,522
Cash at bank and in hand 54/58 €7,526 - -€7,526
Deferred charges and accrued income 490/1 €13,874 - -€13,874
Total equity and liabilities 10/49 €1,057,360 €1,307,342 +€249,982 +23.6%
Equity 10/15 €431,497 €417,178 -€14,319 -3.3%
Contributions 10/11 €18,600 €18,600 = 0.0%
Profit (loss) carried forward 14 €412,897 €398,578 -€14,319 -3.5%
Amounts payable 17/49 €625,863 €890,165 +€264,302 +42.2%
Amounts payable after more than one year 17 €442,594 €501,248 +€58,654 +13.3%
Financial debts 170/4 €342,594 €401,248 +€58,654 +17.1%
Other amounts payable 178/9 €100,000 €100,000 = 0.0%
Amounts payable within one year 42/48 €182,629 €384,364 +€201,736 +110.5%
Current portion of amounts payable after more than one year 42 €33,461 €54,733 +€21,272 +63.6%
Financial debts 43 - €17,196 +€17,196
Other loans 439 - €17,196 +€17,196
Trade debts 44 €52,784 €278,448 +€225,664 +427.5%
Suppliers 440/4 €52,784 €278,448 +€225,664 +427.5%
Taxes, remuneration and social security 45 €93,089 €29,809 -€63,280 -68.0%
Taxes 450/3 €90,151 €27,960 -€62,191 -69.0%
Remuneration and social security 454/9 €2,938 €1,850 -€1,088 -37.0%
Other amounts payable 47/48 €3,295 €4,177 +€882 +26.8%
Accrued charges and deferred income 492/3 €640 €4,552 +€3,912 +611.1%
Remuneration, social security and pensions 62 €43,084 €10,084 -€33,000 -76.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €50,857 €45,480 -€5,377 -10.6%
Other operating charges 640/8 €4,630 €6,986 +€2,356 +50.9%
Gross operating margin 9900 €304,348 €55,678 -€248,671 -81.7%
Operating profit (loss) 9901 €205,777 -€6,873 -€212,650
Financial income 75/76B €203 €5 -€199 -97.8%
Recurring financial income 75 €203 €5 -€199 -97.8%
Financial charges 65/66B €9,263 €7,451 -€1,812 -19.6%
Recurring financial charges 65 €9,263 €7,451 -€1,812 -19.6%
Profit (loss) for the period before taxes 9903 €196,718 -€14,319 -€211,037
Income taxes 67/77 €50,841 - -€50,841
Profit (loss) for the period 9904 €145,877 -€14,319 -€160,196
Profit (loss) for the period to be appropriated 9905 €145,877 -€14,319 -€160,196

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.