Leburo: 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.
What changed
Leburo
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€92,467
2024 · €18,902+€73,565
Equity
€861,370
2024 · €768,902+€92,467
Cash
€40,224
2024 · €51,571-€11,347
Balance sheet total
€6.1m
2024 · €6.2m-€104,986
Largest movements
Assets
- Tangible fixed assets -€65,530
down €65,530 (-1.1%), from €6.1m to €6.0m
of which Land and buildings: -€47,839
Equity and liabilities
- Debts after one year -€249,361
down €249,361 (-6.0%), from €4.1m to €3.9m
- Other debts +€188,457
up €188,457 (+21.2%), from €890,146 to €1.1m
- Trade debts -€131,867
down €131,867 (-85.2%), from €154,823 to €22,956
- Reserves +€92,400
up €92,400 (+489%), from €18,900 to €111,300
Income statement
- Turnover +€124,630
up €124,630 (+350%), from €35,655 to €160,285
- Services and other goods +€31,546
up €31,546 (+26.2%), from €120,229 to €151,775
- Taxes +€27,784
new in 2025: €27,784
- Financial charges -€11,377
down €11,377 (-6.0%), from €188,769 to €177,393
- Depreciation +€7,130
up €7,130 (+3.3%), from €216,576 to €223,706
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.
Result 2024
€18,902
Turnover
+€124,630
Other operating income
+€4,752
Services and other goods
-€31,546
Depreciation
-€7,130
Other operating charges
+€912
Financial income
-€1,646
Financial charges
+€11,377
Taxes
-€27,784
Result 2025
€92,467
raises the resultlowers the result
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.
From operations
+€386,709
Investment
-€158,266
Financing
-€239,790
Cash 2024
€51,571
From operations (derived)
+€386,709
Net result for the year
+€92,467
Depreciation
+€223,706
Receivables within one year
+€28,199
Trade debts
-€131,867
Tax, wage and social debts
-€14,254
Other debts
+€188,457
Investment (derived)
-€158,266
Investment in fixed assets (net)
-€158,266
Financing
-€239,790
Debts after one year
-€249,361
Current portion of long-term debt
+€9,571
Cash 2025
€40,224
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,237,731 | €6,132,745 | -€104,986 | -1.7% |
| Fixed assets | 21/28 | €6,060,630 | €5,995,191 | -€65,440 | -1.1% |
| Tangible fixed assets | 22/27 | €6,060,630 | €5,995,101 | -€65,530 | -1.1% |
| Land and buildings | 22 | €5,870,686 | €5,822,847 | -€47,839 | -0.8% |
| Plant, machinery and equipment | 23 | €189,945 | €172,253 | -€17,691 | -9.3% |
| Financial fixed assets | 28 | - | €90 | +€90 | |
| Other financial fixed assets | 284/8 | - | €90 | +€90 | |
| Amounts receivable and cash guarantees | 285/8 | - | €90 | +€90 | |
| Current assets | 29/58 | €177,101 | €137,554 | -€39,547 | -22.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €125,530 | €97,331 | -€28,199 | -22.5% |
| Trade receivables | 40 | €124,995 | €97,331 | -€27,665 | -22.1% |
| Other amounts receivable | 41 | €535 | €0 | -€535 | -100% |
| Cash at bank and in hand | 54/58 | €51,571 | €40,224 | -€11,347 | -22.0% |
| Total equity and liabilities | 10/49 | €6,237,731 | €6,132,745 | -€104,986 | -1.7% |
| Equity | 10/15 | €768,902 | €861,370 | +€92,467 | +12.0% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €18,900 | €111,300 | +€92,400 | +489% |
| Distributable reserves | 133 | €18,900 | €111,300 | +€92,400 | +489% |
| Profit (loss) carried forward | 14 | €2 | €70 | +€67 | +2,981% |
| Amounts payable | 17/49 | €5,468,829 | €5,271,375 | -€197,454 | -3.6% |
| Amounts payable after more than one year | 17 | €4,143,788 | €3,894,427 | -€249,361 | -6.0% |
| Financial debts | 170/4 | €4,143,788 | €3,894,427 | -€249,361 | -6.0% |
| Credit institutions | 173 | €4,143,788 | €3,894,427 | -€249,361 | -6.0% |
| Amounts payable within one year | 42/48 | €1,325,041 | €1,376,948 | +€51,907 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €239,790 | €249,361 | +€9,571 | +4.0% |
| Trade debts | 44 | €154,823 | €22,956 | -€131,867 | -85.2% |
| Suppliers | 440/4 | €154,823 | €22,956 | -€131,867 | -85.2% |
| Taxes, remuneration and social security | 45 | €40,282 | €26,028 | -€14,254 | -35.4% |
| Taxes | 450/3 | €40,282 | €26,028 | -€14,254 | -35.4% |
| Other amounts payable | 47/48 | €890,146 | €1,078,603 | +€188,457 | +21.2% |
| Operating income | 70/76A | €593,188 | €722,570 | +€129,382 | +21.8% |
| Turnover | 70 | €35,655 | €160,285 | +€124,630 | +350% |
| Other operating income | 74 | €557,533 | €562,285 | +€4,752 | +0.9% |
| Operating charges | 60/66A | €387,299 | €425,063 | +€37,764 | +9.8% |
| Services and other goods | 61 | €120,229 | €151,775 | +€31,546 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,576 | €223,706 | +€7,130 | +3.3% |
| Other operating charges | 640/8 | €50,494 | €49,582 | -€912 | -1.8% |
| Operating profit (loss) | 9901 | €205,889 | €297,507 | +€91,618 | +44.5% |
| Financial income | 75/76B | €1,782 | €137 | -€1,646 | -92.3% |
| Recurring financial income | 75 | €1,782 | €137 | -€1,646 | -92.3% |
| Income from current assets | 751 | €1,782 | €0 | -€1,782 | -100% |
| Other financial income | 752/9 | - | €137 | +€137 | |
| Financial charges | 65/66B | €188,769 | €177,393 | -€11,377 | -6.0% |
| Recurring financial charges | 65 | €188,769 | €177,393 | -€11,377 | -6.0% |
| Debt charges | 650 | €188,703 | €177,347 | -€11,356 | -6.0% |
| Other financial charges | 652/9 | €66 | €46 | -€20 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €18,902 | €120,251 | +€101,349 | +536% |
| Income taxes | 67/77 | - | €27,784 | +€27,784 | |
| Taxes | 670/3 | - | €27,784 | +€27,784 | |
| Profit (loss) for the period | 9904 | €18,902 | €92,467 | +€73,565 | +389% |
| Profit (loss) for the period to be appropriated | 9905 | €18,902 | €92,467 | +€73,565 | +389% |
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 14 October 2026 via checked.be.