LEAPFUSE: 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.
LEAPFUSE
Largest movements
- Receivables after one year +€918,166
new in 2025: €918,166
- Receivables within one year +€93,648
new in 2025: €93,648
- Tangible fixed assets +€55,157
up €55,157 (+5942.0%), from €928 to €56,086
of which Leasing and similar rights: +€52,620
- Cash +€25,822
up €25,822 (+168.7%), from €15,305 to €41,128
mainly Short-term financial debts (+€1.0m) and Debts after one year (+€40,496)
- Short-term financial debts +€1.0m
new in 2025: €1.0m
- Debts after one year +€40,496
new in 2025: €40,496
- Reserves +€30,089
up €30,089 (+412.8%), from €7,288 to €37,377
- Current portion of long-term debt +€12,392
new in 2025: €12,392
- Gross operating margin +€31,207
up €31,207 (+322.0%), from €9,692 to €40,899
- Taxes +€6,336
up €6,336 (+328.8%), from €1,927 to €8,263
- Financial charges +€2,998
up €2,998 (+2275.8%), from €132 to €3,129
- Financial income +€2,291
new in 2025: €2,291
- Depreciation +€589
up €589 (+203.8%), from €289 to €878
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 | €21,298 | €1,116,808 | +€1.1m | +5143.6% |
| Fixed assets | 21/28 | €5,928 | €60,986 | +€55,057 | +928.7% |
| Tangible fixed assets | 22/27 | €928 | €56,086 | +€55,157 | +5942.0% |
| Plant, machinery and equipment | 23 | - | €639 | +€639 | |
| Furniture and vehicles | 24 | €928 | €2,827 | +€1,898 | +204.5% |
| Leasing and similar rights | 25 | - | €52,620 | +€52,620 | |
| Financial fixed assets | 28 | €5,000 | €4,900 | -€100 | -2.0% |
| Current assets | 29/58 | €15,370 | €1,055,822 | +€1.0m | +6769.3% |
| Amounts receivable after more than one year | 29 | - | €918,166 | +€918,166 | |
| Other amounts receivable | 291 | - | €918,166 | +€918,166 | |
| Amounts receivable within one year | 40/41 | - | €93,648 | +€93,648 | |
| Other amounts receivable | 41 | - | €93,648 | +€93,648 | |
| Cash at bank and in hand | 54/58 | €15,305 | €41,128 | +€25,822 | +168.7% |
| Deferred charges and accrued income | 490/1 | €65 | €2,881 | +€2,816 | +4332.6% |
| Total equity and liabilities | 10/49 | €21,298 | €1,116,808 | +€1.1m | +5143.6% |
| Equity | 10/15 | €12,288 | €42,377 | +€30,089 | +244.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,288 | €37,377 | +€30,089 | +412.8% |
| Distributable reserves | 133 | €7,288 | €37,377 | +€30,089 | +412.8% |
| Amounts payable | 17/49 | €9,010 | €1,074,432 | +€1.1m | +11824.4% |
| Amounts payable after more than one year | 17 | - | €40,496 | +€40,496 | |
| Financial debts | 170/4 | - | €40,496 | +€40,496 | |
| Amounts payable within one year | 42/48 | €9,010 | €1,031,008 | +€1.0m | +11342.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,392 | +€12,392 | |
| Financial debts | 43 | - | €1,000,000 | +€1.0m | |
| Other loans | 439 | - | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €1,438 | €1,297 | -€141 | -9.8% |
| Suppliers | 440/4 | €1,438 | €1,297 | -€141 | -9.8% |
| Taxes, remuneration and social security | 45 | €7,042 | €17,318 | +€10,276 | +145.9% |
| Taxes | 450/3 | €7,042 | €15,569 | +€8,527 | +121.1% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €530 | €0 | -€530 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €2,928 | +€2,928 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289 | €878 | +€589 | +203.8% |
| Other operating charges | 640/8 | €430 | €831 | +€401 | +93.3% |
| Gross operating margin | 9900 | €9,692 | €40,899 | +€31,207 | +322.0% |
| Operating profit (loss) | 9901 | €8,973 | €39,190 | +€30,217 | +336.7% |
| Financial income | 75/76B | - | €2,291 | +€2,291 | |
| Recurring financial income | 75 | - | €2,291 | +€2,291 | |
| Financial charges | 65/66B | €132 | €3,129 | +€2,998 | +2275.8% |
| Recurring financial charges | 65 | €132 | €3,129 | +€2,998 | +2275.8% |
| Profit (loss) for the period before taxes | 9903 | €8,841 | €38,351 | +€29,510 | +333.8% |
| Income taxes | 67/77 | €1,927 | €8,263 | +€6,336 | +328.8% |
| Profit (loss) for the period | 9904 | €6,915 | €30,089 | +€23,174 | +335.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,915 | €30,089 | +€23,174 | +335.1% |
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 10 October 2026 via checked.be.