LEAMAR: 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.
LEAMAR
Largest movements
- Deferred charges and accrued income -€9,098
down €9,098 (-66.4%), from €13,695 to €4,597
- Cash +€6,158
up €6,158 (+19.2%), from €31,998 to €38,156
mainly Trade debts (+€40,162) and Deferred charges and accrued income (+€9,098)
- Tangible fixed assets +€4,646
up €4,646 (+464%), from €1,001 to €5,646
of which Plant, machinery and equipment: +€5,203
- Receivables within one year -€3,359
down €3,359 (-44.4%), from €7,573 to €4,214
of which Trade receivables: -€6,500
- Trade debts +€40,162
up €40,162 (+81.3%), from €49,398 to €89,560
- Profit (loss) carried forward -€31,919
down €31,919 (-44.6%), from -€71,574 to -€103,493
- Debts after one year -€9,943
down €9,943 (-100%), from €9,943 to €0
- Tax, wage and social debts -€886
down €886 (-2.1%), from €42,196 to €41,310
of which Remuneration and social security: -€7,804
- Staff costs -€79,180
down €79,180 (-27.3%), from €289,605 to €210,425
- Gross operating margin -€35,844
down €35,844 (-16.0%), from €224,658 to €188,814
- Financial charges +€3,708
up €3,708 (+111%), from €3,345 to €7,053
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 | €71,480 | €69,828 | -€1,653 | -2.3% |
| Fixed assets | 21/28 | €1,001 | €5,646 | +€4,646 | +464% |
| Tangible fixed assets | 22/27 | €1,001 | €5,646 | +€4,646 | +464% |
| Plant, machinery and equipment | 23 | €37 | €5,240 | +€5,203 | +13,956% |
| Furniture and vehicles | 24 | €963 | €406 | -€557 | -57.8% |
| Current assets | 29/58 | €70,480 | €64,182 | -€6,298 | -8.9% |
| Stocks and contracts in progress | 3 | €17,215 | €17,215 | = | 0.0% |
| Stocks | 30/36 | €17,215 | €17,215 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,573 | €4,214 | -€3,359 | -44.4% |
| Trade receivables | 40 | €6,828 | €328 | -€6,500 | -95.2% |
| Other amounts receivable | 41 | €745 | €3,886 | +€3,141 | +422% |
| Cash at bank and in hand | 54/58 | €31,998 | €38,156 | +€6,158 | +19.2% |
| Deferred charges and accrued income | 490/1 | €13,695 | €4,597 | -€9,098 | -66.4% |
| Total equity and liabilities | 10/49 | €71,480 | €69,828 | -€1,653 | -2.3% |
| Equity | 10/15 | -€47,574 | -€79,493 | -€31,919 | -67.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,574 | -€103,493 | -€31,919 | -44.6% |
| Amounts payable | 17/49 | €119,054 | €149,320 | +€30,266 | +25.4% |
| Amounts payable after more than one year | 17 | €9,943 | €0 | -€9,943 | -100% |
| Financial debts | 170/4 | €9,943 | €0 | -€9,943 | -100% |
| Amounts payable within one year | 42/48 | €108,929 | €149,320 | +€40,392 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €17,108 | €17,660 | +€552 | +3.2% |
| Trade debts | 44 | €49,398 | €89,560 | +€40,162 | +81.3% |
| Suppliers | 440/4 | €49,398 | €89,560 | +€40,162 | +81.3% |
| Taxes, remuneration and social security | 45 | €42,196 | €41,310 | -€886 | -2.1% |
| Taxes | 450/3 | €12,681 | €19,599 | +€6,918 | +54.5% |
| Remuneration and social security | 454/9 | €29,514 | €21,710 | -€7,804 | -26.4% |
| Other amounts payable | 47/48 | €227 | €791 | +€564 | +249% |
| Accrued charges and deferred income | 492/3 | €183 | €0 | -€183 | -100% |
| Remuneration, social security and pensions | 62 | €289,605 | €210,425 | -€79,180 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924 | €696 | -€228 | -24.7% |
| Other operating charges | 640/8 | €2,424 | €2,763 | +€339 | +14.0% |
| Gross operating margin | 9900 | €224,658 | €188,814 | -€35,844 | -16.0% |
| Operating profit (loss) | 9901 | -€68,295 | -€25,070 | +€43,225 | +63.3% |
| Financial income | 75/76B | €1 | €204 | +€202 | +13,680% |
| Recurring financial income | 75 | €1 | €204 | +€202 | +13,680% |
| Financial charges | 65/66B | €3,345 | €7,053 | +€3,708 | +111% |
| Recurring financial charges | 65 | €3,345 | €7,053 | +€3,708 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€71,638 | -€31,919 | +€39,719 | +55.4% |
| Profit (loss) for the period | 9904 | -€71,638 | -€31,919 | +€39,719 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,638 | -€31,919 | +€39,719 | +55.4% |
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.