LEAPS: 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.
LEAPS
Largest movements
- Tangible fixed assets -€360,087
no longer reported in 2025 (was €360,087)
of which Land and buildings: -€272,094
- Debts after one year -€235,000
no longer reported in 2025 (was €235,000)
- Other debts -€112,000
down €112,000 (-69.5%), from €161,112 to €49,112
- Contributions -€18,000
down €18,000 (-90.0%), from €20,000 to €2,000
- Profit (loss) carried forward +€12,567
up €12,567 (+20.4%), from -€61,498 to -€48,931
- Accrued charges and deferred income -€6,726
no longer reported in 2025 (was €6,726)
- Gross operating margin +€20,737
up €20,737, from -€1,898 to €18,839
- Depreciation -€12,083
no longer reported in 2025 (was €12,083)
- Financial charges -€8,804
down €8,804 (-68.9%), from €12,775 to €3,971
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 | €366,106 | €2,181 | -€363,925 | -99.4% |
| Fixed assets | 21/28 | €361,510 | €1,363 | -€360,147 | -99.6% |
| Tangible fixed assets | 22/27 | €360,087 | - | -€360,087 | |
| Land and buildings | 22 | €272,094 | - | -€272,094 | |
| Other tangible fixed assets | 26 | €87,993 | - | -€87,993 | |
| Financial fixed assets | 28 | €1,423 | €1,363 | -€60 | -4.2% |
| Current assets | 29/58 | €4,596 | €818 | -€3,778 | -82.2% |
| Amounts receivable within one year | 40/41 | €2,594 | €300 | -€2,294 | -88.4% |
| Other amounts receivable | 41 | €2,594 | €300 | -€2,294 | -88.4% |
| Cash at bank and in hand | 54/58 | €1,938 | €518 | -€1,420 | -73.3% |
| Deferred charges and accrued income | 490/1 | €64 | - | -€64 | |
| Total equity and liabilities | 10/49 | €366,106 | €2,181 | -€363,925 | -99.4% |
| Equity | 10/15 | -€41,498 | -€46,931 | -€5,433 | -13.1% |
| Contributions | 10/11 | €20,000 | €2,000 | -€18,000 | -90.0% |
| Profit (loss) carried forward | 14 | -€61,498 | -€48,931 | +€12,567 | +20.4% |
| Amounts payable | 17/49 | €407,604 | €49,112 | -€358,492 | -88.0% |
| Amounts payable after more than one year | 17 | €235,000 | - | -€235,000 | |
| Financial debts | 170/4 | €235,000 | - | -€235,000 | |
| Amounts payable within one year | 42/48 | €165,878 | €49,112 | -€116,766 | -70.4% |
| Trade debts | 44 | €4,766 | - | -€4,766 | |
| Suppliers | 440/4 | €4,766 | - | -€4,766 | |
| Other amounts payable | 47/48 | €161,112 | €49,112 | -€112,000 | -69.5% |
| Accrued charges and deferred income | 492/3 | €6,726 | - | -€6,726 | |
| Non-recurring operating income | 76A | - | €33,737 | +€33,737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,083 | - | -€12,083 | |
| Other operating charges | 640/8 | €2,231 | €2,301 | +€70 | +3.1% |
| Gross operating margin | 9900 | -€1,898 | €18,839 | +€20,737 | |
| Operating profit (loss) | 9901 | -€16,212 | €16,538 | +€32,750 | |
| Financial charges | 65/66B | €12,775 | €3,971 | -€8,804 | -68.9% |
| Recurring financial charges | 65 | €12,775 | €3,971 | -€8,804 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,987 | €12,567 | +€41,554 | |
| Profit (loss) for the period | 9904 | -€28,987 | €12,567 | +€41,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,987 | €12,567 | +€41,554 |
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 5 October 2026 via checked.be.