LEASELEX: 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.
LEASELEX
Largest movements
- Stocks and contracts +€26.7m
up €26.7m (+21.9%), from €121.8m to €148.6m
of which Stocks: +€16.0m
- Cash +€3.2m
up €3.2m (+54720.9%), from €5,780 to €3.2m
mainly Current portion of long-term debt (+€30.0m) and Trade debts (+€2.6m)
- Receivables within one year +€2.4m
up €2.4m (+19.1%), from €12.7m to €15.2m
of which Trade receivables: +€1.4m
- Current portion of long-term debt +€30.0m
up €30.0m, from €0 to €30.0m
- Debts after one year -€2.7m
down €2.7m (-2.3%), from €116.8m to €114.1m
of which Financial debts: -€25.0m
- Trade debts +€2.6m
up €2.6m (+77.3%), from €3.4m to €6.0m
- Goods and materials +€28.7m
up €28.7m, from -€8.7m to €20.0m
of which Purchases: +€16.3m
- Services and other goods -€10.7m
down €10.7m (-69.7%), from €15.3m to €4.6m
- Taxes -€2.5m
down €2.5m (-72.4%), from €3.5m to €956,444
- Financial charges -€2.1m
down €2.1m (-61.4%), from €3.5m to €1.4m
- Other operating charges -€2.0m
down €2.0m (-96.9%), from €2.0m to €62,626
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 | €134,544,188 | €166,872,111 | +€32.3m | +24.0% |
| Current assets | 29/58 | €134,544,188 | €166,872,111 | +€32.3m | +24.0% |
| Stocks and contracts in progress | 3 | €121,816,118 | €148,551,420 | +€26.7m | +21.9% |
| Stocks | 30/36 | €43,759,918 | €59,756,477 | +€16.0m | +36.6% |
| Property held for sale | 35 | €43,759,918 | €59,756,477 | +€16.0m | +36.6% |
| Contracts in progress | 37 | €78,056,201 | €88,794,943 | +€10.7m | +13.8% |
| Amounts receivable within one year | 40/41 | €12,722,290 | €15,152,314 | +€2.4m | +19.1% |
| Trade receivables | 40 | €278,772 | €1,638,977 | +€1.4m | +487.9% |
| Other amounts receivable | 41 | €12,443,518 | €13,513,337 | +€1.1m | +8.6% |
| Cash at bank and in hand | 54/58 | €5,780 | €3,168,378 | +€3.2m | +54720.9% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €134,544,188 | €166,872,111 | +€32.3m | +24.0% |
| Equity | 10/15 | €10,813,335 | €12,283,510 | +€1.5m | +13.6% |
| Contributions | 10/11 | €4,178,117 | €4,178,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,635,218 | €8,105,393 | +€1.5m | +22.2% |
| Amounts payable | 17/49 | €123,730,853 | €154,588,601 | +€30.9m | +24.9% |
| Amounts payable after more than one year | 17 | €116,816,124 | €114,105,118 | -€2.7m | -2.3% |
| Financial debts | 170/4 | €25,000,000 | €0 | -€25.0m | -100.0% |
| Credit institutions | 173 | €25,000,000 | €0 | -€25.0m | -100.0% |
| Advances received on contracts in progress | 176 | €91,816,124 | €114,105,118 | +€22.3m | +24.3% |
| Amounts payable within one year | 42/48 | €6,816,763 | €40,367,461 | +€33.6m | +492.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €30,000,000 | +€30.0m | |
| Trade debts | 44 | €3,357,062 | €5,951,316 | +€2.6m | +77.3% |
| Suppliers | 440/4 | €3,357,062 | €5,951,316 | +€2.6m | +77.3% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €3,459,700 | €4,416,145 | +€956,444 | +27.6% |
| Taxes | 450/3 | €3,459,700 | €4,416,145 | +€956,444 | +27.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €97,966 | €116,023 | +€18,057 | +18.4% |
| Operating income | 70/76A | €25,024,001 | €27,595,436 | +€2.6m | +10.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €24,766,530 | €26,735,301 | +€2.0m | +7.9% |
| Other operating income | 74 | €257,470 | €860,135 | +€602,664 | +234.1% |
| Operating charges | 60/66A | €8,740,241 | €24,727,357 | +€16.0m | +182.9% |
| Goods for resale, raw materials and consumables | 60 | -€8,656,850 | €20,020,286 | +€28.7m | |
| Purchases | 600/8 | €3,718,306 | €20,020,286 | +€16.3m | +438.4% |
| Change in stocks: decrease (increase) | 609 | -€12,375,156 | - | +€12.4m | |
| Services and other goods | 61 | €15,347,525 | €4,644,445 | -€10.7m | -69.7% |
| Other operating charges | 640/8 | €2,049,566 | €62,626 | -€2.0m | -96.9% |
| Operating profit (loss) | 9901 | €16,283,760 | €2,868,079 | -€13.4m | -82.4% |
| Financial income | 75/76B | €500,553 | €909,588 | +€409,035 | +81.7% |
| Recurring financial income | 75 | €500,553 | €909,588 | +€409,035 | +81.7% |
| Income from current assets | 751 | €500,553 | €909,588 | +€409,035 | +81.7% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -87.5% |
| Financial charges | 65/66B | €3,499,498 | €1,351,048 | -€2.1m | -61.4% |
| Recurring financial charges | 65 | €3,499,498 | €1,351,048 | -€2.1m | -61.4% |
| Debt charges | 650 | €3,328,688 | €1,339,755 | -€2.0m | -59.8% |
| Other financial charges | 652/9 | €170,810 | €11,293 | -€159,518 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | €13,284,815 | €2,426,619 | -€10.9m | -81.7% |
| Income taxes | 67/77 | €3,459,700 | €956,444 | -€2.5m | -72.4% |
| Taxes | 670/3 | €3,459,700 | €956,444 | -€2.5m | -72.4% |
| Profit (loss) for the period | 9904 | €9,825,115 | €1,470,175 | -€8.4m | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,825,115 | €1,470,175 | -€8.4m | -85.0% |
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 9 October 2026 via checked.be.