LEAL CONCEPT: 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.
LEAL CONCEPT
Largest movements
- Receivables within one year +€22,550
new in 2025: €22,550
- Tangible fixed assets -€14,461
down €14,461 (-5.2%), from €279,282 to €264,821
- Other debts +€14,053
up €14,053 (+13.5%), from €103,740 to €117,793
- Debts after one year -€11,367
down €11,367 (-4.1%), from €278,308 to €266,941
- Profit (loss) carried forward +€4,245
up €4,245 (+3.6%), from -€119,026 to -€114,781
- Gross operating margin +€45,212
up €45,212, from -€20,631 to €24,581
- Financial charges -€1,422
down €1,422 (-28.4%), from €5,009 to €3,587
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.
Derived cash bridge
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 | €281,907 | €287,966 | +€6,060 | +2.1% |
| Fixed assets | 21/28 | €279,282 | €264,821 | -€14,461 | -5.2% |
| Tangible fixed assets | 22/27 | €279,282 | €264,821 | -€14,461 | -5.2% |
| Land and buildings | 22 | €279,282 | €264,821 | -€14,461 | -5.2% |
| Current assets | 29/58 | €2,625 | €23,146 | +€20,521 | +782% |
| Amounts receivable within one year | 40/41 | - | €22,550 | +€22,550 | |
| Other amounts receivable | 41 | - | €22,550 | +€22,550 | |
| Cash at bank and in hand | 54/58 | €2,523 | €484 | -€2,039 | -80.8% |
| Deferred charges and accrued income | 490/1 | €101 | €111 | +€10 | +9.9% |
| Total equity and liabilities | 10/49 | €281,907 | €287,966 | +€6,060 | +2.1% |
| Equity | 10/15 | -€116,526 | -€112,281 | +€4,245 | +3.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,026 | -€114,781 | +€4,245 | +3.6% |
| Amounts payable | 17/49 | €398,433 | €400,248 | +€1,815 | +0.5% |
| Amounts payable after more than one year | 17 | €278,308 | €266,941 | -€11,367 | -4.1% |
| Financial debts | 170/4 | €278,308 | €266,941 | -€11,367 | -4.1% |
| Amounts payable within one year | 42/48 | €120,125 | €133,307 | +€13,182 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €11,227 | €11,367 | +€140 | +1.2% |
| Trade debts | 44 | €5,158 | €4,147 | -€1,011 | -19.6% |
| Suppliers | 440/4 | €5,158 | €4,147 | -€1,011 | -19.6% |
| Other amounts payable | 47/48 | €103,740 | €117,793 | +€14,053 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,461 | €14,461 | = | 0.0% |
| Other operating charges | 640/8 | €1,361 | €1,405 | +€43 | +3.2% |
| Gross operating margin | 9900 | -€20,631 | €24,581 | +€45,212 | |
| Operating profit (loss) | 9901 | -€36,454 | €8,716 | +€45,169 | |
| Financial charges | 65/66B | €5,009 | €3,587 | -€1,422 | -28.4% |
| Recurring financial charges | 65 | €5,009 | €3,587 | -€1,422 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€41,463 | €5,129 | +€46,592 | |
| Profit (loss) for the period | 9904 | -€41,463 | €5,129 | +€46,592 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,463 | €5,129 | +€46,592 |
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 13 October 2026 via checked.be.