LÉA ROSE: 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.
LÉA ROSE
Largest movements
- Cash -€140,450
down €140,450 (-89.6%), from €156,793 to €16,342
mainly Current investments (-€64,286) and Receivables within one year (-€42,887)
- Current investments +€64,286
new in 2025: €64,286
- Receivables within one year +€42,887
up €42,887 (+63.5%), from €67,539 to €110,427
of which Other amounts receivable: +€23,080
- Stocks and contracts +€3,913
up €3,913 (+21.4%), from €18,321 to €22,234
- Reserves +€64,286
up €64,286 (+50.2%), from €128,072 to €192,357
of which Non-distributable reserves: +€64,286
- Profit (loss) carried forward -€61,510
down €61,510, from €11,322 to -€50,188
- Current portion of long-term debt -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Debts after one year -€19,000
down €19,000 (-48.1%), from €39,500 to €20,500
- Tax, wage and social debts +€9,852
up €9,852 (+80.4%), from €12,252 to €22,104
- Gross operating margin -€102,484
down €102,484 (-85.2%), from €120,260 to €17,776
- Taxes -€31,428
down €31,428 (-94.2%), from €33,348 to €1,920
- Financial charges +€14,317
up €14,317 (+1355.8%), from €1,056 to €15,373
- Financial income +€2,754
up €2,754 (+214.1%), from €1,286 to €4,041
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.
Cash bridge derived
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 | €245,780 | €215,187 | -€30,592 | -12.4% |
| Fixed assets | 21/28 | €3,127 | €1,898 | -€1,229 | -39.3% |
| Intangible fixed assets | 21 | €1,548 | €917 | -€632 | -40.8% |
| Tangible fixed assets | 22/27 | €1,578 | €981 | -€597 | -37.8% |
| Furniture and vehicles | 24 | €1,578 | €981 | -€597 | -37.8% |
| Current assets | 29/58 | €242,653 | €213,289 | -€29,364 | -12.1% |
| Stocks and contracts in progress | 3 | €18,321 | €22,234 | +€3,913 | +21.4% |
| Stocks | 30/36 | €18,321 | €22,234 | +€3,913 | +21.4% |
| Amounts receivable within one year | 40/41 | €67,539 | €110,427 | +€42,887 | +63.5% |
| Trade receivables | 40 | €67,539 | €87,347 | +€19,808 | +29.3% |
| Other amounts receivable | 41 | €0 | €23,080 | +€23,080 | |
| Current investments | 50/53 | - | €64,286 | +€64,286 | |
| Cash at bank and in hand | 54/58 | €156,793 | €16,342 | -€140,450 | -89.6% |
| Total equity and liabilities | 10/49 | €245,780 | €215,187 | -€30,592 | -12.4% |
| Equity | 10/15 | €144,393 | €147,169 | +€2,776 | +1.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €128,072 | €192,357 | +€64,286 | +50.2% |
| Non-distributable reserves | 130/1 | - | €64,286 | +€64,286 | |
| Own shares acquired | 1312 | - | €64,286 | +€64,286 | |
| Distributable reserves | 133 | €128,072 | €128,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,322 | -€50,188 | -€61,510 | |
| Amounts payable | 17/49 | €101,386 | €68,018 | -€33,368 | -32.9% |
| Amounts payable after more than one year | 17 | €39,500 | €20,500 | -€19,000 | -48.1% |
| Financial debts | 170/4 | €39,500 | €20,500 | -€19,000 | -48.1% |
| Amounts payable within one year | 42/48 | €61,886 | €47,518 | -€14,368 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €0 | -€25,000 | -100.0% |
| Financial debts | 43 | €426 | €507 | +€81 | +19.1% |
| Credit institutions | 430/8 | €426 | €507 | +€81 | +19.1% |
| Trade debts | 44 | €7,526 | €9,060 | +€1,535 | +20.4% |
| Suppliers | 440/4 | €7,526 | €9,060 | +€1,535 | +20.4% |
| Advances received on contracts in progress | 46 | €2,551 | €7,410 | +€4,859 | +190.5% |
| Taxes, remuneration and social security | 45 | €12,252 | €22,104 | +€9,852 | +80.4% |
| Taxes | 450/3 | €12,252 | €22,104 | +€9,852 | +80.4% |
| Other amounts payable | 47/48 | €14,132 | €8,436 | -€5,696 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €844 | €1,229 | +€384 | +45.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,116 | €0 | -€1,116 | -100.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €120,260 | €17,776 | -€102,484 | -85.2% |
| Operating profit (loss) | 9901 | €117,794 | €16,028 | -€101,766 | -86.4% |
| Financial income | 75/76B | €1,286 | €4,041 | +€2,754 | +214.1% |
| Recurring financial income | 75 | €1,286 | €4,041 | +€2,754 | +214.1% |
| Financial charges | 65/66B | €1,056 | €15,373 | +€14,317 | +1355.8% |
| Recurring financial charges | 65 | €1,056 | €15,373 | +€14,317 | +1355.8% |
| Profit (loss) for the period before taxes | 9903 | €118,025 | €4,696 | -€113,329 | -96.0% |
| Income taxes | 67/77 | €33,348 | €1,920 | -€31,428 | -94.2% |
| Profit (loss) for the period | 9904 | €84,677 | €2,776 | -€81,901 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,677 | €2,776 | -€81,901 | -96.7% |
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 10 October 2026 via checked.be.