Leeff: what changed
Two fiscal 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.
Leeff
Largest movements
- Stocks and contracts -€186,209
down €186,209 (-29.0%), from €642,583 to €456,374
- Receivables within one year -€27,571
down €27,571 (-82.3%), from €33,498 to €5,927
of which Other amounts receivable: -€30,263
- Tangible fixed assets -€11,935
down €11,935 (-29.7%), from €40,250 to €28,316
- Current portion of long-term debt -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Debts after one year +€302,500
up €302,500 (+158.4%), from €191,000 to €493,500
- Profit (loss) carried forward -€10,392
down €10,392 (-4.7%), from -€222,527 to -€232,919
- Gross operating margin +€107,141
up €107,141, from -€91,375 to €15,766
- Financial charges -€19,289
down €19,289 (-60.4%), from €31,913 to €12,623
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 | €725,447 | €505,103 | -€220,345 | -30.4% |
| Fixed assets | 21/28 | €40,250 | €28,316 | -€11,935 | -29.7% |
| Tangible fixed assets | 22/27 | €40,250 | €28,316 | -€11,935 | -29.7% |
| Furniture and vehicles | 24 | €40,250 | €28,316 | -€11,935 | -29.7% |
| Current assets | 29/58 | €685,197 | €476,787 | -€208,410 | -30.4% |
| Stocks and contracts in progress | 3 | €642,583 | €456,374 | -€186,209 | -29.0% |
| Stocks | 30/36 | €642,583 | €456,374 | -€186,209 | -29.0% |
| Amounts receivable within one year | 40/41 | €33,498 | €5,927 | -€27,571 | -82.3% |
| Trade receivables | 40 | €106 | €2,798 | +€2,692 | +2545.8% |
| Other amounts receivable | 41 | €33,392 | €3,129 | -€30,263 | -90.6% |
| Cash at bank and in hand | 54/58 | €8,043 | €13,535 | +€5,493 | +68.3% |
| Deferred charges and accrued income | 490/1 | €1,074 | €951 | -€123 | -11.4% |
| Total equity and liabilities | 10/49 | €725,447 | €505,103 | -€220,345 | -30.4% |
| Equity | 10/15 | €18,331 | €7,940 | -€10,392 | -56.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,258 | €222,258 | = | 0.0% |
| 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 | €220,398 | €220,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€222,527 | -€232,919 | -€10,392 | -4.7% |
| Amounts payable | 17/49 | €707,116 | €497,163 | -€209,953 | -29.7% |
| Amounts payable after more than one year | 17 | €191,000 | €493,500 | +€302,500 | +158.4% |
| Financial debts | 170/4 | €191,000 | €493,500 | +€302,500 | +158.4% |
| Amounts payable within one year | 42/48 | €516,116 | €3,663 | -€512,453 | -99.3% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €0 | -€500,000 | -100.0% |
| Trade debts | 44 | €6,630 | €1,504 | -€5,126 | -77.3% |
| Suppliers | 440/4 | €6,630 | €1,504 | -€5,126 | -77.3% |
| Taxes, remuneration and social security | 45 | €5,492 | €140 | -€5,352 | -97.5% |
| Taxes | 450/3 | €2,966 | €140 | -€2,826 | -95.3% |
| Remuneration and social security | 454/9 | €2,526 | €0 | -€2,526 | -100.0% |
| Other amounts payable | 47/48 | €3,994 | €2,020 | -€1,974 | -49.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,161 | €11,935 | -€226 | -1.9% |
| Other operating charges | 640/8 | €2,041 | €1,460 | -€581 | -28.5% |
| Gross operating margin | 9900 | -€91,375 | €15,766 | +€107,141 | |
| Operating profit (loss) | 9901 | -€105,576 | €2,371 | +€107,948 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €31,913 | €12,623 | -€19,289 | -60.4% |
| Recurring financial charges | 65 | €31,913 | €12,623 | -€19,289 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | -€137,489 | -€10,252 | +€127,237 | +92.5% |
| Income taxes | 67/77 | €146 | €140 | -€6 | -4.4% |
| Profit (loss) for the period | 9904 | -€137,635 | -€10,392 | +€127,243 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,635 | -€10,392 | +€127,243 | +92.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.