LEALEX: 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.
LEALEX
Largest movements
- Receivables within one year +€91,200
up €91,200 (+253%), from €36,094 to €127,293
of which Other amounts receivable: +€78,055
- Tangible fixed assets -€43,648
down €43,648 (-12.1%), from €360,386 to €316,738
of which Furniture and vehicles: -€25,596
- Cash -€16,086
down €16,086 (-11.5%), from €140,175 to €124,089
mainly Receivables within one year (-€91,200) and Contributions, distributions and other (-€48,415)
- Other debts +€48,415
new in 2025: €48,415
- Debts after one year -€17,503
down €17,503 (-16.8%), from €103,907 to €86,404
- Accrued charges and deferred income -€8,667
down €8,667 (-37.0%), from €23,392 to €14,726
- Current portion of long-term debt +€8,283
up €8,283 (+25.2%), from €32,843 to €41,126
- Turnover +€773,383
new in 2025: €773,383
- Purchases and services +€543,340
new in 2025: €543,340
- Staff costs +€67,754
up €67,754 (+230%), from €29,494 to €97,248
- Gross operating margin +€35,994
up €35,994 (+16.7%), from €216,109 to €252,103
- Depreciation +€13,566
up €13,566 (+24.0%), from €56,435 to €70,001
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 | €570,915 | €595,282 | +€24,367 | +4.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €360,386 | €316,738 | -€43,648 | -12.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €360,386 | €316,738 | -€43,648 | -12.1% |
| Land and buildings | 22 | €212,960 | €199,295 | -€13,664 | -6.4% |
| Plant, machinery and equipment | 23 | €43,729 | €39,340 | -€4,388 | -10.0% |
| Furniture and vehicles | 24 | €103,698 | €78,102 | -€25,596 | -24.7% |
| Current assets | 29/58 | €210,529 | €278,544 | +€68,016 | +32.3% |
| Stocks and contracts in progress | 3 | €23,321 | €19,850 | -€3,471 | -14.9% |
| Stocks | 30/36 | €23,321 | €19,850 | -€3,471 | -14.9% |
| Amounts receivable within one year | 40/41 | €36,094 | €127,293 | +€91,200 | +253% |
| Trade receivables | 40 | - | €13,144 | +€13,144 | |
| Other amounts receivable | 41 | €36,094 | €114,149 | +€78,055 | +216% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €140,175 | €124,089 | -€16,086 | -11.5% |
| Deferred charges and accrued income | 490/1 | €10,939 | €7,312 | -€3,627 | -33.2% |
| Total equity and liabilities | 10/49 | €570,915 | €595,282 | +€24,367 | +4.3% |
| Equity | 10/15 | €370,946 | €365,950 | -€4,996 | -1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €358,546 | €353,550 | -€4,996 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €356,686 | €351,690 | -€4,996 | -1.4% |
| Amounts payable | 17/49 | €199,969 | €229,332 | +€29,363 | +14.7% |
| Amounts payable after more than one year | 17 | €103,907 | €86,404 | -€17,503 | -16.8% |
| Financial debts | 170/4 | €103,907 | €86,404 | -€17,503 | -16.8% |
| Amounts payable within one year | 42/48 | €72,669 | €128,202 | +€55,533 | +76.4% |
| Current portion of amounts payable after more than one year | 42 | €32,843 | €41,126 | +€8,283 | +25.2% |
| Financial debts | 43 | €14,136 | €12,530 | -€1,605 | -11.4% |
| Credit institutions | 430/8 | €14,136 | €12,530 | -€1,605 | -11.4% |
| Trade debts | 44 | €5,541 | €9,045 | +€3,505 | +63.3% |
| Suppliers | 440/4 | €5,541 | €9,045 | +€3,505 | +63.3% |
| Taxes, remuneration and social security | 45 | €20,150 | €17,085 | -€3,065 | -15.2% |
| Taxes | 450/3 | €16,170 | €4,342 | -€11,828 | -73.1% |
| Remuneration and social security | 454/9 | €3,980 | €12,743 | +€8,763 | +220% |
| Other amounts payable | 47/48 | - | €48,415 | +€48,415 | |
| Accrued charges and deferred income | 492/3 | €23,392 | €14,726 | -€8,667 | -37.0% |
| Turnover | 70 | - | €773,383 | +€773,383 | |
| Non-recurring operating income | 76A | €14,077 | - | -€14,077 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €543,340 | +€543,340 | |
| Remuneration, social security and pensions | 62 | €29,494 | €97,248 | +€67,754 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,435 | €70,001 | +€13,566 | +24.0% |
| Other operating charges | 640/8 | €15,492 | €8,812 | -€6,679 | -43.1% |
| Gross operating margin | 9900 | €216,109 | €252,103 | +€35,994 | +16.7% |
| Operating profit (loss) | 9901 | €114,688 | €76,041 | -€38,647 | -33.7% |
| Financial income | 75/76B | €703 | €1,338 | +€635 | +90.3% |
| Recurring financial income | 75 | €703 | €1,338 | +€635 | +90.3% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €2,863 | €3,411 | +€548 | +19.2% |
| Recurring financial charges | 65 | €2,863 | €3,411 | +€548 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €112,528 | €73,968 | -€38,560 | -34.3% |
| Income taxes | 67/77 | €38,860 | €30,549 | -€8,311 | -21.4% |
| Profit (loss) for the period | 9904 | €73,668 | €43,419 | -€30,249 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,668 | €43,419 | -€30,249 | -41.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.