LEAP: 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.
LEAP
Largest movements
- Receivables within one year +€88,037
up €88,037 (+95.2%), from €92,443 to €180,479
of which Trade receivables: +€80,507
- Cash -€67,944
down €67,944 (-54.4%), from €124,981 to €57,037
mainly Receivables within one year (-€88,037) and Debts after one year (-€79,211)
- Intangible fixed assets -€50,570
down €50,570 (-31.0%), from €162,977 to €112,407
- Deferred charges and accrued income +€11,884
up €11,884 (+54.2%), from €21,923 to €33,807
- Tangible fixed assets +€5,980
up €5,980 (+179.5%), from €3,332 to €9,312
- Debts after one year -€79,211
down €79,211 (-44.4%), from €178,276 to €99,065
- Reserves +€71,203
up €71,203 (+70.9%), from €100,411 to €171,615
- Tax, wage and social debts -€8,634
down €8,634 (-10.6%), from €81,156 to €72,522
of which Taxes: -€13,847
- Gross operating margin +€113,695
up €113,695 (+50.6%), from €224,782 to €338,477
- Taxes +€21,971
up €21,971 (+3412.5%), from €644 to €22,614
- Staff costs +€15,170
up €15,170 (+13.7%), from €111,091 to €126,261
- Write-downs +€4,297
up €4,297 (+1227.7%), from €350 to €4,647
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 | €405,656 | €393,043 | -€12,612 | -3.1% |
| Fixed assets | 21/28 | €166,309 | €121,719 | -€44,590 | -26.8% |
| Intangible fixed assets | 21 | €162,977 | €112,407 | -€50,570 | -31.0% |
| Tangible fixed assets | 22/27 | €3,332 | €9,312 | +€5,980 | +179.5% |
| Furniture and vehicles | 24 | €3,332 | €9,312 | +€5,980 | +179.5% |
| Current assets | 29/58 | €239,347 | €271,324 | +€31,977 | +13.4% |
| Amounts receivable within one year | 40/41 | €92,443 | €180,479 | +€88,037 | +95.2% |
| Trade receivables | 40 | €92,422 | €172,930 | +€80,507 | +87.1% |
| Other amounts receivable | 41 | €20 | €7,550 | +€7,529 | +37109.0% |
| Cash at bank and in hand | 54/58 | €124,981 | €57,037 | -€67,944 | -54.4% |
| Deferred charges and accrued income | 490/1 | €21,923 | €33,807 | +€11,884 | +54.2% |
| Total equity and liabilities | 10/49 | €405,656 | €393,043 | -€12,612 | -3.1% |
| Equity | 10/15 | €100,911 | €172,115 | +€71,203 | +70.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €100,411 | €171,615 | +€71,203 | +70.9% |
| Distributable reserves | 133 | €100,411 | €171,615 | +€71,203 | +70.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €304,744 | €220,929 | -€83,815 | -27.5% |
| Amounts payable after more than one year | 17 | €178,276 | €99,065 | -€79,211 | -44.4% |
| Financial debts | 170/4 | €178,276 | €99,065 | -€79,211 | -44.4% |
| Amounts payable within one year | 42/48 | €126,468 | €121,864 | -€4,605 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €28,799 | €29,211 | +€411 | +1.4% |
| Trade debts | 44 | €12,924 | €16,770 | +€3,846 | +29.8% |
| Suppliers | 440/4 | €12,924 | €16,770 | +€3,846 | +29.8% |
| Taxes, remuneration and social security | 45 | €81,156 | €72,522 | -€8,634 | -10.6% |
| Taxes | 450/3 | €49,340 | €35,493 | -€13,847 | -28.1% |
| Remuneration and social security | 454/9 | €31,816 | €37,029 | +€5,213 | +16.4% |
| Other amounts payable | 47/48 | €3,589 | €3,361 | -€228 | -6.3% |
| Non-recurring operating income | 76A | - | €4,421 | +€4,421 | |
| Remuneration, social security and pensions | 62 | €111,091 | €126,261 | +€15,170 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,247 | €53,499 | -€748 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €350 | €4,647 | +€4,297 | +1227.7% |
| Other operating charges | 640/8 | €5,296 | €4,183 | -€1,113 | -21.0% |
| Non-recurring operating charges | 66A | €265 | €1,132 | +€867 | +327.2% |
| Gross operating margin | 9900 | €224,782 | €338,477 | +€113,695 | +50.6% |
| Operating profit (loss) | 9901 | €53,533 | €148,755 | +€95,222 | +177.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2233.3% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2233.3% |
| Financial charges | 65/66B | €7,340 | €4,938 | -€2,402 | -32.7% |
| Recurring financial charges | 65 | €7,340 | €4,938 | -€2,402 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €46,193 | €143,818 | +€97,624 | +211.3% |
| Income taxes | 67/77 | €644 | €22,614 | +€21,971 | +3412.5% |
| Profit (loss) for the period | 9904 | €45,549 | €121,203 | +€75,654 | +166.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,549 | €121,203 | +€75,654 | +166.1% |
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 8 October 2026 via checked.be.