LEAFICON: 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.
LEAFICON
Largest movements
- Receivables within one year +€166,290
up €166,290 (+135.1%), from €123,084 to €289,374
- Cash -€163,749
down €163,749 (-35.5%), from €461,841 to €298,092
mainly Debts after one year (-€404,313) and Receivables within one year (-€166,290)
- Financial fixed assets +€129,440
up €129,440 (+13.8%), from €935,960 to €1.1m
- Tangible fixed assets -€24,360
down €24,360 (-4.2%), from €585,679 to €561,319
of which Land and buildings: -€23,014
- Debts after one year -€404,313
down €404,313 (-40.3%), from €1.0m to €600,000
- Reserves +€357,917
up €357,917 (+37.0%), from €966,375 to €1.3m
of which Distributable reserves: +€357,917
- Other debts +€142,776
new in 2025: €142,776
- Trade debts +€129,482
new in 2025: €129,482
- Short-term financial debts -€64,320
down €64,320 (-24.3%), from €264,320 to €200,000
- Financial income -€75,188
down €75,188 (-15.3%), from €490,995 to €415,807
of which Non-recurring financial income: -€335,108
- Financial charges +€28,887
up €28,887 (+1583.3%), from €1,824 to €30,711
- Purchases and services -€12,498
down €12,498 (-67.0%), from €18,657 to €6,159
- Gross operating margin +€8,101
up €8,101, from -€7,660 to €441
- Turnover +€6,600
new in 2025: €6,600
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 | €2,305,642 | €2,413,263 | +€107,621 | +4.7% |
| Fixed assets | 21/28 | €1,521,639 | €1,626,719 | +€105,080 | +6.9% |
| Tangible fixed assets | 22/27 | €585,679 | €561,319 | -€24,360 | -4.2% |
| Land and buildings | 22 | €583,072 | €560,058 | -€23,014 | -3.9% |
| Plant, machinery and equipment | 23 | €2,607 | €1,261 | -€1,346 | -51.6% |
| Financial fixed assets | 28 | €935,960 | €1,065,400 | +€129,440 | +13.8% |
| Current assets | 29/58 | €784,003 | €786,544 | +€2,541 | +0.3% |
| Amounts receivable within one year | 40/41 | €123,084 | €289,374 | +€166,290 | +135.1% |
| Other amounts receivable | 41 | €123,084 | €289,374 | +€166,290 | +135.1% |
| Current investments | 50/53 | €199,078 | €199,078 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €461,841 | €298,092 | -€163,749 | -35.5% |
| Total equity and liabilities | 10/49 | €2,305,642 | €2,413,263 | +€107,621 | +4.7% |
| Equity | 10/15 | €978,775 | €1,336,692 | +€357,917 | +36.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €6,150 | €6,150 | = | 0.0% |
| Reserves | 13 | €966,375 | €1,324,292 | +€357,917 | +37.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €964,515 | €1,322,432 | +€357,917 | +37.1% |
| Amounts payable | 17/49 | €1,326,868 | €1,076,571 | -€250,297 | -18.9% |
| Amounts payable after more than one year | 17 | €1,004,313 | €600,000 | -€404,313 | -40.3% |
| Financial debts | 170/4 | €1,004,313 | €600,000 | -€404,313 | -40.3% |
| Amounts payable within one year | 42/48 | €320,370 | €476,571 | +€156,201 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €56,050 | €4,313 | -€51,737 | -92.3% |
| Financial debts | 43 | €264,320 | €200,000 | -€64,320 | -24.3% |
| Other loans | 439 | €264,320 | €200,000 | -€64,320 | -24.3% |
| Trade debts | 44 | - | €129,482 | +€129,482 | |
| Suppliers | 440/4 | - | €129,482 | +€129,482 | |
| Other amounts payable | 47/48 | - | €142,776 | +€142,776 | |
| Accrued charges and deferred income | 492/3 | €2,185 | - | -€2,185 | |
| Turnover | 70 | - | €6,600 | +€6,600 | |
| Non-recurring operating income | 76A | €10,997 | - | -€10,997 | |
| Goods, raw materials, services and sundry goods | 60/61 | €18,657 | €6,159 | -€12,498 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,360 | €24,360 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,091 | €3,260 | +€169 | +5.5% |
| Gross operating margin | 9900 | -€7,660 | €441 | +€8,101 | |
| Operating profit (loss) | 9901 | -€35,111 | -€27,179 | +€7,932 | +22.6% |
| Financial income | 75/76B | €490,995 | €415,807 | -€75,188 | -15.3% |
| Recurring financial income | 75 | €94,580 | €354,500 | +€259,920 | +274.8% |
| Non-recurring financial income | 76B | €396,415 | €61,307 | -€335,108 | -84.5% |
| Financial charges | 65/66B | €1,824 | €30,711 | +€28,887 | +1583.3% |
| Recurring financial charges | 65 | €1,824 | €30,711 | +€28,887 | +1583.3% |
| Profit (loss) for the period before taxes | 9903 | €454,060 | €357,917 | -€96,143 | -21.2% |
| Profit (loss) for the period | 9904 | €454,060 | €357,917 | -€96,143 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €454,060 | €357,917 | -€96,143 | -21.2% |
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 12 October 2026 via checked.be.