LEABELL: 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.
LEABELL
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+790.4%), from €151,042 to €1.3m
of which Other amounts receivable: +€1.2m
- Financial fixed assets +€965,562
up €965,562 (+241.4%), from €400,000 to €1.4m
- Cash +€197,513
up €197,513 (+364.5%), from €54,187 to €251,700
mainly Debts after one year (+€1.5m) and Other debts (+€476,285)
- Debts after one year +€1.5m
up €1.5m (+13345.0%), from €11,119 to €1.5m
- Other debts +€476,285
up €476,285 (+146.5%), from €325,162 to €801,446
- Reserves +€190,598
up €190,598 (+21.6%), from €880,967 to €1.1m
of which Distributable reserves: +€190,598
- Current portion of long-term debt +€150,468
up €150,468 (+453.9%), from €33,152 to €183,619
- Gross operating margin +€78,666
up €78,666 (+26.3%), from €298,605 to €377,271
- Financial charges +€39,388
up €39,388 (+1111.9%), from €3,542 to €42,930
- Taxes +€30,927
up €30,927 (+54.1%), from €57,166 to €88,093
- Financial income +€11,472
up €11,472 (+240.6%), from €4,768 to €16,240
- Depreciation -€6,454
down €6,454 (-16.2%), from €39,887 to €33,434
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 | €1,448,644 | €3,782,679 | +€2.3m | +161.1% |
| Fixed assets | 21/28 | €1,158,976 | €2,108,185 | +€949,209 | +81.9% |
| Tangible fixed assets | 22/27 | €758,976 | €742,623 | -€16,353 | -2.2% |
| Land and buildings | 22 | €752,096 | €735,549 | -€16,547 | -2.2% |
| Plant, machinery and equipment | 23 | €655 | €932 | +€277 | +42.3% |
| Furniture and vehicles | 24 | €5,713 | €5,732 | +€19 | +0.3% |
| Other tangible fixed assets | 26 | €512 | €409 | -€103 | -20.0% |
| Financial fixed assets | 28 | €400,000 | €1,365,562 | +€965,562 | +241.4% |
| Current assets | 29/58 | €289,669 | €1,674,494 | +€1.4m | +478.1% |
| Amounts receivable after more than one year | 29 | €11,119 | - | -€11,119 | |
| Other amounts receivable | 291 | €11,119 | - | -€11,119 | |
| Amounts receivable within one year | 40/41 | €151,042 | €1,344,887 | +€1.2m | +790.4% |
| Trade receivables | 40 | €278 | - | -€278 | |
| Other amounts receivable | 41 | €150,764 | €1,344,887 | +€1.2m | +792.0% |
| Current investments | 50/53 | €57,858 | €57,858 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,187 | €251,700 | +€197,513 | +364.5% |
| Deferred charges and accrued income | 490/1 | €15,462 | €20,049 | +€4,587 | +29.7% |
| Total equity and liabilities | 10/49 | €1,448,644 | €3,782,679 | +€2.3m | +161.1% |
| Equity | 10/15 | €992,519 | €1,183,117 | +€190,598 | +19.2% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €880,967 | €1,071,565 | +€190,598 | +21.6% |
| Non-distributable reserves | 130/1 | €38,958 | €38,958 | = | 0.0% |
| Legal reserve | 130 | €38,958 | €38,958 | = | 0.0% |
| Distributable reserves | 133 | €842,009 | €1,032,607 | +€190,598 | +22.6% |
| Amounts payable | 17/49 | €456,125 | €2,599,562 | +€2.1m | +469.9% |
| Amounts payable after more than one year | 17 | €11,119 | €1,495,000 | +€1.5m | +13345.0% |
| Financial debts | 170/4 | €11,119 | €1,495,000 | +€1.5m | +13345.0% |
| Amounts payable within one year | 42/48 | €400,884 | €1,043,533 | +€642,649 | +160.3% |
| Current portion of amounts payable after more than one year | 42 | €33,152 | €183,619 | +€150,468 | +453.9% |
| Trade debts | 44 | €29,806 | €29,256 | -€549 | -1.8% |
| Suppliers | 440/4 | €29,806 | €29,256 | -€549 | -1.8% |
| Advances received on contracts in progress | 46 | €4,000 | - | -€4,000 | |
| Taxes, remuneration and social security | 45 | €8,765 | €29,211 | +€20,446 | +233.3% |
| Taxes | 450/3 | €6,939 | €29,211 | +€22,271 | +320.9% |
| Remuneration and social security | 454/9 | €1,826 | - | -€1,826 | |
| Other amounts payable | 47/48 | €325,162 | €801,446 | +€476,285 | +146.5% |
| Accrued charges and deferred income | 492/3 | €44,122 | €61,029 | +€16,907 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,887 | €33,434 | -€6,454 | -16.2% |
| Other operating charges | 640/8 | €34,424 | €38,455 | +€4,030 | +11.7% |
| Gross operating margin | 9900 | €298,605 | €377,271 | +€78,666 | +26.3% |
| Operating profit (loss) | 9901 | €224,293 | €305,382 | +€81,089 | +36.2% |
| Financial income | 75/76B | €4,768 | €16,240 | +€11,472 | +240.6% |
| Recurring financial income | 75 | €4,768 | €16,240 | +€11,472 | +240.6% |
| Financial charges | 65/66B | €3,542 | €42,930 | +€39,388 | +1111.9% |
| Recurring financial charges | 65 | €3,542 | €42,930 | +€39,388 | +1111.9% |
| Profit (loss) for the period before taxes | 9903 | €225,519 | €278,692 | +€53,173 | +23.6% |
| Income taxes | 67/77 | €57,166 | €88,093 | +€30,927 | +54.1% |
| Profit (loss) for the period | 9904 | €168,352 | €190,598 | +€22,246 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €168,352 | €190,598 | +€22,246 | +13.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.