LEASDO: 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.
LEASDO
Largest movements
- Tangible fixed assets -€105,122
down €105,122 (-11.6%), from €903,219 to €798,096
- Current investments +€80,874
up €80,874 (+21.7%), from €372,483 to €453,357
- Cash +€40,262
up €40,262 (+656.7%), from €6,131 to €46,392
mainly Net result for the year (+€417,379) and Investment in fixed assets (net) (+€55,602)
- Debts after one year -€97,790
down €97,790 (-33.6%), from €290,741 to €192,950
of which Financial debts: -€97,790
- Reserves +€58,313
up €58,313 (+11.3%), from €514,721 to €573,034
of which Distributable reserves: +€58,313
- Tax, wage and social debts +€50,315
up €50,315 (+306.7%), from €16,405 to €66,720
of which Taxes: +€50,213
- Gross operating margin +€507,303
up €507,303 (+305.2%), from €166,201 to €673,504
- Taxes +€181,541
up €181,541 (+1368.4%), from €13,266 to €194,808
- Financial income +€50,945
up €50,945 (+283.2%), from €17,986 to €68,931
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 | €1,282,759 | €1,297,846 | +€15,087 | +1.2% |
| Fixed assets | 21/28 | €903,219 | €798,096 | -€105,122 | -11.6% |
| Tangible fixed assets | 22/27 | €903,219 | €798,096 | -€105,122 | -11.6% |
| Land and buildings | 22 | €903,219 | €798,096 | -€105,122 | -11.6% |
| Current assets | 29/58 | €379,540 | €499,749 | +€120,209 | +31.7% |
| Current investments | 50/53 | €372,483 | €453,357 | +€80,874 | +21.7% |
| Cash at bank and in hand | 54/58 | €6,131 | €46,392 | +€40,262 | +656.7% |
| Deferred charges and accrued income | 490/1 | €927 | - | -€927 | |
| Total equity and liabilities | 10/49 | €1,282,759 | €1,297,846 | +€15,087 | +1.2% |
| Equity | 10/15 | €870,101 | €928,414 | +€58,313 | +6.7% |
| Contributions | 10/11 | €355,380 | €355,380 | = | 0.0% |
| Capital | 10 | €355,380 | €355,380 | = | 0.0% |
| Issued capital | 100 | €355,380 | €355,380 | = | 0.0% |
| Reserves | 13 | €514,721 | €573,034 | +€58,313 | +11.3% |
| Non-distributable reserves | 130/1 | €35,538 | €35,538 | -€0 | 0.0% |
| Legal reserve | 130 | €35,538 | €35,538 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €55,042 | €55,042 | = | 0.0% |
| Distributable reserves | 133 | €424,141 | €482,454 | +€58,313 | +13.7% |
| Amounts payable | 17/49 | €412,658 | €369,432 | -€43,227 | -10.5% |
| Amounts payable after more than one year | 17 | €290,741 | €192,950 | -€97,790 | -33.6% |
| Financial debts | 170/4 | €282,674 | €184,883 | -€97,790 | -34.6% |
| Other amounts payable | 178/9 | €8,067 | €8,067 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,522 | €173,781 | +€54,259 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €97,010 | €97,790 | +€780 | +0.8% |
| Trade debts | 44 | €1,362 | €1,061 | -€302 | -22.1% |
| Suppliers | 440/4 | €1,362 | €1,061 | -€302 | -22.1% |
| Taxes, remuneration and social security | 45 | €16,405 | €66,720 | +€50,315 | +306.7% |
| Taxes | 450/3 | €13,553 | €63,767 | +€50,213 | +370.5% |
| Remuneration and social security | 454/9 | €2,851 | €2,953 | +€102 | +3.6% |
| Other amounts payable | 47/48 | €4,745 | €8,210 | +€3,466 | +73.0% |
| Accrued charges and deferred income | 492/3 | €2,396 | €2,700 | +€304 | +12.7% |
| Remuneration, social security and pensions | 62 | €43,031 | €43,644 | +€613 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,008 | €49,520 | -€5,488 | -10.0% |
| Other operating charges | 640/8 | €29,156 | €23,935 | -€5,221 | -17.9% |
| Gross operating margin | 9900 | €166,201 | €673,504 | +€507,303 | +305.2% |
| Operating profit (loss) | 9901 | €39,005 | €556,404 | +€517,399 | +1326.5% |
| Financial income | 75/76B | €17,986 | €68,931 | +€50,945 | +283.2% |
| Recurring financial income | 75 | €17,986 | €68,931 | +€50,945 | +283.2% |
| Financial charges | 65/66B | €9,528 | €13,148 | +€3,620 | +38.0% |
| Recurring financial charges | 65 | €9,528 | €13,148 | +€3,620 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €47,463 | €612,187 | +€564,723 | +1189.8% |
| Income taxes | 67/77 | €13,266 | €194,808 | +€181,541 | +1368.4% |
| Profit (loss) for the period | 9904 | €34,197 | €417,379 | +€383,182 | +1120.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,197 | €417,379 | +€383,182 | +1120.5% |
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 7 October 2026 via checked.be.