LEEDEC: 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.
LEEDEC
Largest movements
- Receivables within one year -€20,461
down €20,461 (-100.0%), from €20,461 to €0
of which Trade receivables: -€20,461
- Tangible fixed assets +€7,249
up €7,249 (+1.5%), from €473,331 to €480,580
- Debts after one year -€26,034
down €26,034 (-9.0%), from €287,800 to €261,765
- Reserves +€13,978
up €13,978 (+14.7%), from €94,884 to €108,863
- Taxes -€4,469
down €4,469 (-76.2%), from €5,867 to €1,398
- Financial charges -€2,402
down €2,402 (-45.6%), from €5,265 to €2,864
- Depreciation +€1,899
up €1,899 (+12.2%), from €15,609 to €17,508
- Gross operating margin +€394
up €394 (+1.1%), from €37,079 to €37,472
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 | €496,763 | €486,032 | -€10,732 | -2.2% |
| Fixed assets | 21/28 | €473,331 | €480,580 | +€7,249 | +1.5% |
| Tangible fixed assets | 22/27 | €473,331 | €480,580 | +€7,249 | +1.5% |
| Land and buildings | 22 | €473,331 | €480,580 | +€7,249 | +1.5% |
| Current assets | 29/58 | €23,433 | €5,452 | -€17,981 | -76.7% |
| Amounts receivable within one year | 40/41 | €20,461 | €0 | -€20,461 | -100.0% |
| Trade receivables | 40 | €20,461 | €0 | -€20,461 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,972 | €5,452 | +€2,480 | +83.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €496,763 | €486,032 | -€10,732 | -2.2% |
| Equity | 10/15 | €113,015 | €126,994 | +€13,978 | +12.4% |
| Contributions | 10/11 | €3,717 | €3,717 | = | 0.0% |
| Reserves | 13 | €94,884 | €108,863 | +€13,978 | +14.7% |
| Distributable reserves | 133 | €94,884 | €108,863 | +€13,978 | +14.7% |
| Profit (loss) carried forward | 14 | €14,415 | €14,415 | = | 0.0% |
| Amounts payable | 17/49 | €383,748 | €359,038 | -€24,710 | -6.4% |
| Amounts payable after more than one year | 17 | €287,800 | €261,765 | -€26,034 | -9.0% |
| Financial debts | 170/4 | €287,800 | €261,765 | -€26,034 | -9.0% |
| Amounts payable within one year | 42/48 | €95,948 | €97,272 | +€1,324 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €25,801 | €26,034 | +€234 | +0.9% |
| Trade debts | 44 | €0 | €400 | +€400 | |
| Suppliers | 440/4 | €0 | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €1,574 | €2,264 | +€691 | +43.9% |
| Taxes | 450/3 | €1,574 | €2,264 | +€691 | +43.9% |
| Other amounts payable | 47/48 | €68,574 | €68,574 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,609 | €17,508 | +€1,899 | +12.2% |
| Other operating charges | 640/8 | €1,672 | €1,725 | +€53 | +3.2% |
| Gross operating margin | 9900 | €37,079 | €37,472 | +€394 | +1.1% |
| Operating profit (loss) | 9901 | €19,798 | €18,240 | -€1,558 | -7.9% |
| Financial charges | 65/66B | €5,265 | €2,864 | -€2,402 | -45.6% |
| Recurring financial charges | 65 | €5,265 | €2,864 | -€2,402 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €14,532 | €15,376 | +€844 | +5.8% |
| Income taxes | 67/77 | €5,867 | €1,398 | -€4,469 | -76.2% |
| Profit (loss) for the period | 9904 | €8,666 | €13,978 | +€5,313 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,666 | €13,978 | +€5,313 | +61.3% |
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 10 October 2026 via checked.be.