LEBA: 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.
LEBA
Largest movements
- Financial fixed assets -€400,000
down €400,000 (-100%), from €400,000 to €0
- Tangible fixed assets +€352,034
up €352,034 (+24.8%), from €1.4m to €1.8m
- Cash +€49,002
up €49,002 (+748%), from €6,551 to €55,553
mainly Depreciation (+€66,393) and Trade debts (+€18,288)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€275,682
down €275,682 (-72.7%), from €379,122 to €103,440
- Other operating charges -€64,650
down €64,650 (-84.1%), from €76,888 to €12,237
- Financial charges +€12,777
up €12,777 (+70.7%), from €18,073 to €30,850
- Depreciation +€5,887
up €5,887 (+9.7%), from €60,506 to €66,393
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 | €1,836,095 | €1,838,997 | +€2,903 | +0.2% |
| Fixed assets | 21/28 | €1,820,712 | €1,772,745 | -€47,967 | -2.6% |
| Tangible fixed assets | 22/27 | €1,420,712 | €1,772,745 | +€352,034 | +24.8% |
| Land and buildings | 22 | €1,420,712 | €1,772,745 | +€352,034 | +24.8% |
| Financial fixed assets | 28 | €400,000 | €0 | -€400,000 | -100% |
| Current assets | 29/58 | €15,383 | €66,252 | +€50,869 | +331% |
| Amounts receivable within one year | 40/41 | €8,831 | €10,699 | +€1,867 | +21.1% |
| Trade receivables | 40 | €8,831 | €10,699 | +€1,867 | +21.1% |
| Cash at bank and in hand | 54/58 | €6,551 | €55,553 | +€49,002 | +748% |
| Total equity and liabilities | 10/49 | €1,836,095 | €1,838,997 | +€2,903 | +0.2% |
| Equity | 10/15 | €343,038 | €338,943 | -€4,094 | -1.2% |
| Contributions | 10/11 | €88,002 | €88,002 | = | 0.0% |
| Contributions outside capital | 11 | €88,002 | €88,002 | = | 0.0% |
| Other | 1109/19 | €88,002 | €88,002 | = | 0.0% |
| Reserves | 13 | €257,930 | €250,145 | -€7,785 | -3.0% |
| Non-distributable reserves | 130/1 | €8,800 | €8,800 | = | 0.0% |
| Legal reserve | 130 | €8,800 | €0 | -€8,800 | -100% |
| Reserves not available under the articles | 1311 | - | €8,800 | +€8,800 | |
| Tax-exempt reserves | 132 | €249,130 | €241,345 | -€7,785 | -3.1% |
| Profit (loss) carried forward | 14 | -€2,895 | €796 | +€3,691 | |
| Provisions and deferred taxes | 16 | €652,871 | €645,924 | -€6,946 | -1.1% |
| Provisions for liabilities and charges | 160/5 | €590,588 | €585,588 | -€5,000 | -0.8% |
| Other liabilities and charges | 164/5 | €590,588 | €585,588 | -€5,000 | -0.8% |
| Deferred taxes | 168 | €62,282 | €60,336 | -€1,946 | -3.1% |
| Amounts payable | 17/49 | €840,186 | €854,130 | +€13,943 | +1.7% |
| Amounts payable within one year | 42/48 | €840,186 | €854,130 | +€13,943 | +1.7% |
| Trade debts | 44 | - | €18,288 | +€18,288 | |
| Suppliers | 440/4 | - | €18,288 | +€18,288 | |
| Other amounts payable | 47/48 | €840,186 | €835,842 | -€4,344 | -0.5% |
| Non-recurring operating income | 76A | €326,144 | €5,000 | -€321,144 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,506 | €66,393 | +€5,887 | +9.7% |
| Other operating charges | 640/8 | €76,888 | €12,237 | -€64,650 | -84.1% |
| Gross operating margin | 9900 | €379,122 | €103,440 | -€275,682 | -72.7% |
| Operating profit (loss) | 9901 | €241,728 | €24,810 | -€216,919 | -89.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €18,073 | €30,850 | +€12,777 | +70.7% |
| Recurring financial charges | 65 | €18,073 | €30,850 | +€12,777 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €223,656 | -€6,041 | -€229,696 | |
| Transfer from deferred taxes | 780 | €1,946 | €1,946 | = | 0.0% |
| Transfer to deferred taxes | 680 | €64,229 | €0 | -€64,229 | -100% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €161,373 | -€4,094 | -€165,468 | |
| Transfer from tax-exempt reserves | 789 | €7,785 | €7,785 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €256,915 | €0 | -€256,915 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,757 | €3,691 | +€91,448 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.