LEEHO: 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.
LEEHO
Largest movements
- Cash -€5,623
down €5,623 (-71.7%), from €7,846 to €2,223
mainly Other debts (-€14,452) and Tax, wage and social debts (-€2,433)
- Tangible fixed assets -€2,820
down €2,820 (-39.0%), from €7,232 to €4,412
- Stocks and contracts -€1,416
down €1,416 (-36.2%), from €3,916 to €2,500
- Receivables within one year -€910
down €910 (-62.3%), from €1,460 to €550
- Other debts -€14,452
down €14,452 (-90.4%), from €15,985 to €1,533
- Profit (loss) carried forward +€8,334
up €8,334 (+55.5%), from -€15,023 to -€6,689
- Tax, wage and social debts -€2,433
no longer reported in 2025 (was €2,433)
- Trade debts -€2,217
down €2,217 (-24.5%), from €9,058 to €6,841
- Staff costs -€17,228
down €17,228 (-27.3%), from €63,087 to €45,859
- Gross operating margin -€10,739
down €10,739 (-15.5%), from €69,131 to €58,392
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 | €32,454 | €21,686 | -€10,769 | -33.2% |
| Fixed assets | 21/28 | €19,232 | €16,412 | -€2,820 | -14.7% |
| Tangible fixed assets | 22/27 | €7,232 | €4,412 | -€2,820 | -39.0% |
| Plant, machinery and equipment | 23 | €7,232 | €4,412 | -€2,820 | -39.0% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €13,222 | €5,273 | -€7,949 | -60.1% |
| Stocks and contracts in progress | 3 | €3,916 | €2,500 | -€1,416 | -36.2% |
| Stocks | 30/36 | €3,916 | €2,500 | -€1,416 | -36.2% |
| Amounts receivable within one year | 40/41 | €1,460 | €550 | -€910 | -62.3% |
| Other amounts receivable | 41 | €1,460 | €550 | -€910 | -62.3% |
| Cash at bank and in hand | 54/58 | €7,846 | €2,223 | -€5,623 | -71.7% |
| Total equity and liabilities | 10/49 | €32,454 | €21,686 | -€10,769 | -33.2% |
| Equity | 10/15 | €4,977 | €13,311 | +€8,334 | +167.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,023 | -€6,689 | +€8,334 | +55.5% |
| Amounts payable | 17/49 | €27,477 | €8,375 | -€19,103 | -69.5% |
| Amounts payable within one year | 42/48 | €27,477 | €8,375 | -€19,103 | -69.5% |
| Trade debts | 44 | €9,058 | €6,841 | -€2,217 | -24.5% |
| Suppliers | 440/4 | €9,058 | €6,841 | -€2,217 | -24.5% |
| Taxes, remuneration and social security | 45 | €2,433 | - | -€2,433 | |
| Remuneration and social security | 454/9 | €2,433 | - | -€2,433 | |
| Other amounts payable | 47/48 | €15,985 | €1,533 | -€14,452 | -90.4% |
| Remuneration, social security and pensions | 62 | €63,087 | €45,859 | -€17,228 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,820 | €2,820 | = | 0.0% |
| Other operating charges | 640/8 | €184 | €285 | +€101 | +54.8% |
| Gross operating margin | 9900 | €69,131 | €58,392 | -€10,739 | -15.5% |
| Operating profit (loss) | 9901 | €3,040 | €9,429 | +€6,389 | +210.2% |
| Financial charges | 65/66B | €1,335 | €1,095 | -€240 | -18.0% |
| Recurring financial charges | 65 | €1,335 | €1,095 | -€240 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €1,705 | €8,334 | +€6,629 | +388.9% |
| Profit (loss) for the period | 9904 | €1,705 | €8,334 | +€6,629 | +388.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,705 | €8,334 | +€6,629 | +388.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.