Leander: 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.
Leander
Largest movements
- Tangible fixed assets +€12,106
up €12,106 (+243.0%), from €4,981 to €17,087
of which Plant, machinery and equipment: +€9,374
- Cash -€5,977
down €5,977 (-75.5%), from €7,916 to €1,939
mainly Investment in fixed assets (net) (-€15,228) and Tax, wage and social debts (-€10,509)
- Receivables within one year +€5,146
up €5,146 (+15.9%), from €32,328 to €37,474
of which Other amounts receivable: +€3,591
- Deferred charges and accrued income +€580
up €580 (+146.8%), from €395 to €975
- Trade debts +€15,923
up €15,923 (+169.5%), from €9,396 to €25,319
- Tax, wage and social debts -€10,509
down €10,509 (-78.1%), from €13,450 to €2,941
- Reserves +€6,861
up €6,861 (+279.6%), from €2,454 to €9,315
of which Distributable reserves: +€6,861
- Gross operating margin -€3,395
down €3,395 (-19.7%), from €17,228 to €13,833
- Depreciation +€2,553
up €2,553 (+448.7%), from €569 to €3,122
- Taxes +€2,216
up €2,216 (+305.7%), from €725 to €2,941
- Other operating charges -€360
down €360 (-30.1%), from €1,195 to €835
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 | €45,720 | €57,575 | +€11,855 | +25.9% |
| Fixed assets | 21/28 | €5,081 | €17,187 | +€12,106 | +238.3% |
| Tangible fixed assets | 22/27 | €4,981 | €17,087 | +€12,106 | +243.0% |
| Plant, machinery and equipment | 23 | €4,556 | €13,930 | +€9,374 | +205.8% |
| Furniture and vehicles | 24 | €425 | €3,157 | +€2,732 | +642.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €40,639 | €40,388 | -€251 | -0.6% |
| Amounts receivable within one year | 40/41 | €32,328 | €37,474 | +€5,146 | +15.9% |
| Trade receivables | 40 | €32,328 | €33,883 | +€1,555 | +4.8% |
| Other amounts receivable | 41 | - | €3,591 | +€3,591 | |
| Cash at bank and in hand | 54/58 | €7,916 | €1,939 | -€5,977 | -75.5% |
| Deferred charges and accrued income | 490/1 | €395 | €975 | +€580 | +146.8% |
| Total equity and liabilities | 10/49 | €45,720 | €57,575 | +€11,855 | +25.9% |
| Equity | 10/15 | €22,454 | €29,315 | +€6,861 | +30.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,454 | €9,315 | +€6,861 | +279.6% |
| Non-distributable reserves | 130/1 | €90 | €90 | = | 0.0% |
| Legal reserve | 130 | €90 | €90 | = | 0.0% |
| Distributable reserves | 133 | €2,364 | €9,225 | +€6,861 | +290.2% |
| Amounts payable | 17/49 | €23,266 | €28,260 | +€4,994 | +21.5% |
| Amounts payable within one year | 42/48 | €23,266 | €28,260 | +€4,994 | +21.5% |
| Trade debts | 44 | €9,396 | €25,319 | +€15,923 | +169.5% |
| Suppliers | 440/4 | €9,396 | €25,319 | +€15,923 | +169.5% |
| Taxes, remuneration and social security | 45 | €13,450 | €2,941 | -€10,509 | -78.1% |
| Taxes | 450/3 | €13,450 | €2,941 | -€10,509 | -78.1% |
| Other amounts payable | 47/48 | €420 | - | -€420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569 | €3,122 | +€2,553 | +448.7% |
| Other operating charges | 640/8 | €1,195 | €835 | -€360 | -30.1% |
| Gross operating margin | 9900 | €17,228 | €13,833 | -€3,395 | -19.7% |
| Operating profit (loss) | 9901 | €15,464 | €9,876 | -€5,588 | -36.1% |
| Financial charges | 65/66B | €51 | €74 | +€23 | +45.1% |
| Recurring financial charges | 65 | €51 | €74 | +€23 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €15,413 | €9,802 | -€5,611 | -36.4% |
| Income taxes | 67/77 | €725 | €2,941 | +€2,216 | +305.7% |
| Profit (loss) for the period | 9904 | €14,688 | €6,861 | -€7,827 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,688 | €6,861 | -€7,827 | -53.3% |
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 9 October 2026 via checked.be.