LEALE: 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.
LEALE
Largest movements
- Cash -€15,939
down €15,939 (-66.4%), from €23,993 to €8,053
mainly Tax, wage and social debts (-€8,364) and Trade debts (-€8,205)
- Tangible fixed assets -€15,359
down €15,359 (-21.6%), from €71,028 to €55,669
of which Furniture and vehicles: -€10,186
- Receivables within one year +€5,016
up €5,016 (+22.3%), from €22,522 to €27,538
of which Other amounts receivable: +€4,521
- Stocks and contracts -€3,237
down €3,237 (-4.0%), from €81,112 to €77,874
- Intangible fixed assets -€3,110
down €3,110 (-25.9%), from €12,030 to €8,920
- Tax, wage and social debts -€8,364
down €8,364 (-39.3%), from €21,285 to €12,922
of which Taxes: -€8,603
- Trade debts -€8,205
down €8,205 (-9.3%), from €87,888 to €79,683
- Other debts +€7,253
up €7,253 (+66.4%), from €10,930 to €18,183
- Debts after one year -€6,719
down €6,719 (-18.5%), from €36,287 to €29,567
- Current portion of long-term debt -€6,444
down €6,444 (-42.6%), from €15,129 to €8,685
- Write-downs -€10,304
down €10,304, from €6,194 to -€4,110
- Staff costs +€6,045
up €6,045 (+9.2%), from €65,630 to €71,675
- Gross operating margin +€5,076
up €5,076 (+6.3%), from €80,320 to €85,396
- Taxes +€2,199
up €2,199 (+501.3%), from €439 to €2,638
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 | €211,599 | €179,777 | -€31,822 | -15.0% |
| Fixed assets | 21/28 | €83,108 | €64,638 | -€18,469 | -22.2% |
| Intangible fixed assets | 21 | €12,030 | €8,920 | -€3,110 | -25.9% |
| Tangible fixed assets | 22/27 | €71,028 | €55,669 | -€15,359 | -21.6% |
| Furniture and vehicles | 24 | €26,670 | €16,484 | -€10,186 | -38.2% |
| Other tangible fixed assets | 26 | €44,358 | €39,184 | -€5,173 | -11.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €128,491 | €115,139 | -€13,352 | -10.4% |
| Stocks and contracts in progress | 3 | €81,112 | €77,874 | -€3,237 | -4.0% |
| Stocks | 30/36 | €81,112 | €77,874 | -€3,237 | -4.0% |
| Amounts receivable within one year | 40/41 | €22,522 | €27,538 | +€5,016 | +22.3% |
| Trade receivables | 40 | €12,897 | €13,392 | +€495 | +3.8% |
| Other amounts receivable | 41 | €9,625 | €14,146 | +€4,521 | +47.0% |
| Cash at bank and in hand | 54/58 | €23,993 | €8,053 | -€15,939 | -66.4% |
| Deferred charges and accrued income | 490/1 | €865 | €1,673 | +€808 | +93.4% |
| Total equity and liabilities | 10/49 | €211,599 | €179,777 | -€31,822 | -15.0% |
| Equity | 10/15 | €28,048 | €19,209 | -€8,839 | -31.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €19,786 | €19,786 | = | 0.0% |
| Distributable reserves | 133 | €19,786 | €19,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,060 | -€27,099 | -€6,040 | -28.7% |
| Investment grants | 15 | €10,730 | €7,931 | -€2,799 | -26.1% |
| Amounts payable | 17/49 | €183,551 | €160,568 | -€22,983 | -12.5% |
| Amounts payable after more than one year | 17 | €36,287 | €29,567 | -€6,719 | -18.5% |
| Financial debts | 170/4 | €36,287 | €29,567 | -€6,719 | -18.5% |
| Amounts payable within one year | 42/48 | €147,264 | €131,000 | -€16,264 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €15,129 | €8,685 | -€6,444 | -42.6% |
| Financial debts | 43 | €12,031 | €11,527 | -€504 | -4.2% |
| Credit institutions | 430/8 | €12,031 | €11,527 | -€504 | -4.2% |
| Trade debts | 44 | €87,888 | €79,683 | -€8,205 | -9.3% |
| Suppliers | 440/4 | €87,888 | €79,683 | -€8,205 | -9.3% |
| Taxes, remuneration and social security | 45 | €21,285 | €12,922 | -€8,364 | -39.3% |
| Taxes | 450/3 | €11,396 | €2,793 | -€8,603 | -75.5% |
| Remuneration and social security | 454/9 | €9,889 | €10,128 | +€239 | +2.4% |
| Other amounts payable | 47/48 | €10,930 | €18,183 | +€7,253 | +66.4% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €65,630 | €71,675 | +€6,045 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,611 | €18,469 | -€142 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,194 | -€4,110 | -€10,304 | |
| Other operating charges | 640/8 | €2,170 | €2,168 | -€2 | -0.1% |
| Gross operating margin | 9900 | €80,320 | €85,396 | +€5,076 | +6.3% |
| Operating profit (loss) | 9901 | -€12,285 | -€2,806 | +€9,479 | +77.2% |
| Financial income | 75/76B | €3,057 | €3,013 | -€45 | -1.5% |
| Recurring financial income | 75 | €3,057 | €3,013 | -€45 | -1.5% |
| Financial charges | 65/66B | €3,656 | €3,608 | -€47 | -1.3% |
| Recurring financial charges | 65 | €3,656 | €3,608 | -€47 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,884 | -€3,402 | +€9,482 | +73.6% |
| Income taxes | 67/77 | €439 | €2,638 | +€2,199 | +501.3% |
| Profit (loss) for the period | 9904 | -€13,323 | -€6,040 | +€7,283 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,323 | -€6,040 | +€7,283 | +54.7% |
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 29 September 2026 via checked.be.