LEATROP MANAGEMENT: 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.
LEATROP MANAGEMENT
Largest movements
- Receivables after one year +€56,000
up €56,000 (+20.2%), from €277,500 to €333,500
of which Other amounts receivable: +€56,000
- Receivables within one year +€23,988
up €23,988 (+45.3%), from €52,931 to €76,919
of which Trade receivables: +€26,510
- Tangible fixed assets -€4,914
down €4,914 (-40.6%), from €12,101 to €7,187
of which Furniture and vehicles: -€2,828
- Accrued charges and deferred income +€49,493
up €49,493 (+446%), from €11,087 to €60,580
- Reserves +€21,600
up €21,600 (+9.0%), from €241,087 to €262,687
of which Distributable reserves: +€21,600
- Tax, wage and social debts +€17,108
up €17,108 (+84.3%), from €20,287 to €37,394
- Trade debts -€16,799
down €16,799 (-97.9%), from €17,164 to €365
- Current portion of long-term debt +€12,653
new in 2025: €12,653
- Gross operating margin -€25,683
down €25,683 (-35.4%), from €72,542 to €46,859
- Taxes -€8,281
down €8,281 (-40.4%), from €20,507 to €12,225
- Other operating charges +€6,228
up €6,228 (+1,341%), from €464 to €6,692
- Financial charges +€934
up €934 (+10.0%), from €9,301 to €10,234
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.
Derived cash bridge
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 | €342,843 | €421,377 | +€78,534 | +22.9% |
| Fixed assets | 21/28 | €12,101 | €7,187 | -€4,914 | -40.6% |
| Tangible fixed assets | 22/27 | €12,101 | €7,187 | -€4,914 | -40.6% |
| Land and buildings | 22 | €2,561 | €1,172 | -€1,388 | -54.2% |
| Plant, machinery and equipment | 23 | €1,396 | €698 | -€698 | -50.0% |
| Furniture and vehicles | 24 | €8,144 | €5,317 | -€2,828 | -34.7% |
| Current assets | 29/58 | €330,742 | €414,191 | +€83,448 | +25.2% |
| Amounts receivable after more than one year | 29 | €277,500 | €333,500 | +€56,000 | +20.2% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €277,500 | €333,500 | +€56,000 | +20.2% |
| Amounts receivable within one year | 40/41 | €52,931 | €76,919 | +€23,988 | +45.3% |
| Trade receivables | 40 | €46,635 | €73,144 | +€26,510 | +56.8% |
| Other amounts receivable | 41 | €6,297 | €3,775 | -€2,522 | -40.1% |
| Current investments | 50/53 | €0 | €3,244 | +€3,244 | |
| Cash at bank and in hand | 54/58 | €171 | €423 | +€252 | +147% |
| Deferred charges and accrued income | 490/1 | €140 | €106 | -€34 | -24.5% |
| Total equity and liabilities | 10/49 | €342,843 | €421,377 | +€78,534 | +22.9% |
| Equity | 10/15 | €277,593 | €299,302 | +€21,709 | +7.8% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €241,087 | €262,687 | +€21,600 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €239,227 | €260,827 | +€21,600 | +9.0% |
| Profit (loss) carried forward | 14 | €22,106 | €22,216 | +€109 | +0.5% |
| Amounts payable | 17/49 | €65,250 | €122,075 | +€56,825 | +87.1% |
| Amounts payable within one year | 42/48 | €54,163 | €61,495 | +€7,332 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,653 | +€12,653 | |
| Financial debts | 43 | €15,041 | €8,895 | -€6,147 | -40.9% |
| Credit institutions | 430/8 | €15,041 | €8,895 | -€6,147 | -40.9% |
| Trade debts | 44 | €17,164 | €365 | -€16,799 | -97.9% |
| Suppliers | 440/4 | €17,164 | €365 | -€16,799 | -97.9% |
| Taxes, remuneration and social security | 45 | €20,287 | €37,394 | +€17,108 | +84.3% |
| Taxes | 450/3 | €20,287 | €37,394 | +€17,108 | +84.3% |
| Other amounts payable | 47/48 | €1,670 | €2,188 | +€518 | +31.0% |
| Accrued charges and deferred income | 492/3 | €11,087 | €60,580 | +€49,493 | +446% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,724 | €4,914 | +€190 | +4.0% |
| Other operating charges | 640/8 | €464 | €6,692 | +€6,228 | +1,341% |
| Gross operating margin | 9900 | €72,542 | €46,859 | -€25,683 | -35.4% |
| Operating profit (loss) | 9901 | €67,355 | €35,004 | -€32,351 | -48.0% |
| Financial income | 75/76B | €9,497 | €9,165 | -€332 | -3.5% |
| Recurring financial income | 75 | €9,497 | €9,165 | -€332 | -3.5% |
| Financial charges | 65/66B | €9,301 | €10,234 | +€934 | +10.0% |
| Recurring financial charges | 65 | €9,301 | €10,234 | +€934 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €67,551 | €33,934 | -€33,616 | -49.8% |
| Income taxes | 67/77 | €20,507 | €12,225 | -€8,281 | -40.4% |
| Profit (loss) for the period | 9904 | €47,044 | €21,709 | -€25,335 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,044 | €21,709 | -€25,335 | -53.9% |
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 31 October 2026 via checked.be.