LEAF & MORE: 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.
LEAF & MORE
Largest movements
- Cash +€133,722
up €133,722 (+78.3%), from €170,704 to €304,426
mainly Trade debts (+€290,644) and Net result for the year (+€56,043)
- Receivables within one year +€62,320
up €62,320 (+54.4%), from €114,664 to €176,984
of which Trade receivables: +€60,493
- Trade debts +€290,644
up €290,644 (+480.7%), from €60,466 to €351,110
- Reserves -€98,957
down €98,957 (-58.7%), from €168,643 to €69,686
- Tax, wage and social debts +€16,239
up €16,239 (+531.2%), from €3,057 to €19,296
- Other debts -€15,116
down €15,116 (-23.6%), from €64,152 to €49,036
- Gross operating margin -€73,582
down €73,582 (-46.3%), from €158,898 to €85,316
- Financial charges +€17,232
up €17,232 (+192.8%), from €8,937 to €26,169
- Financial income +€12,833
up €12,833 (+113.9%), from €11,267 to €24,100
- Taxes +€3,155
up €3,155 (+13.5%), from €23,394 to €26,549
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 | €314,918 | €509,410 | +€194,492 | +61.8% |
| Current assets | 29/58 | €314,918 | €509,410 | +€194,492 | +61.8% |
| Amounts receivable within one year | 40/41 | €114,664 | €176,984 | +€62,320 | +54.4% |
| Trade receivables | 40 | €59,459 | €119,952 | +€60,493 | +101.7% |
| Other amounts receivable | 41 | €55,205 | €57,032 | +€1,827 | +3.3% |
| Current investments | 50/53 | €28,000 | €28,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €170,704 | €304,426 | +€133,722 | +78.3% |
| Deferred charges and accrued income | 490/1 | €1,550 | €0 | -€1,550 | -100.0% |
| Total equity and liabilities | 10/49 | €314,918 | €509,410 | +€194,492 | +61.8% |
| Equity | 10/15 | €187,243 | €88,286 | -€98,957 | -52.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,643 | €69,686 | -€98,957 | -58.7% |
| Distributable reserves | 133 | €168,643 | €69,686 | -€98,957 | -58.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €127,676 | €421,124 | +€293,448 | +229.8% |
| Amounts payable within one year | 42/48 | €127,676 | €421,124 | +€293,448 | +229.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,681 | +€1,681 | |
| Trade debts | 44 | €60,466 | €351,110 | +€290,644 | +480.7% |
| Suppliers | 440/4 | €60,466 | €351,110 | +€290,644 | +480.7% |
| Taxes, remuneration and social security | 45 | €3,057 | €19,296 | +€16,239 | +531.2% |
| Taxes | 450/3 | €3,057 | €19,296 | +€16,239 | +531.2% |
| Other amounts payable | 47/48 | €64,152 | €49,036 | -€15,116 | -23.6% |
| Other operating charges | 640/8 | €779 | €654 | -€125 | -16.0% |
| Gross operating margin | 9900 | €158,898 | €85,316 | -€73,582 | -46.3% |
| Operating profit (loss) | 9901 | €158,119 | €84,662 | -€73,457 | -46.5% |
| Financial income | 75/76B | €11,267 | €24,100 | +€12,833 | +113.9% |
| Recurring financial income | 75 | €11,267 | €24,100 | +€12,833 | +113.9% |
| Financial charges | 65/66B | €8,937 | €26,169 | +€17,232 | +192.8% |
| Recurring financial charges | 65 | €8,937 | €26,169 | +€17,232 | +192.8% |
| Profit (loss) for the period before taxes | 9903 | €160,449 | €82,593 | -€77,856 | -48.5% |
| Income taxes | 67/77 | €23,394 | €26,549 | +€3,155 | +13.5% |
| Profit (loss) for the period | 9904 | €137,055 | €56,043 | -€81,011 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €137,055 | €56,043 | -€81,011 | -59.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.