Leel Audio: 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.
Leel Audio
Largest movements
- Tangible fixed assets -€20,817
down €20,817 (-41.4%), from €50,283 to €29,466
of which Plant, machinery and equipment: -€15,151
- Intangible fixed assets -€20,200
down €20,200 (-25.0%), from €80,800 to €60,600
- Cash -€11,454
down €11,454 (-29.2%), from €39,256 to €27,802
mainly Trade debts (-€55,999) and Investment in fixed assets (net) (-€4,659)
- Trade debts -€55,999
down €55,999 (-33.6%), from €166,625 to €110,626
- Profit (loss) carried forward +€5,480
up €5,480 (+26.3%), from €20,811 to €26,291
- Other debts -€2,897
down €2,897 (-21.0%), from €13,811 to €10,915
- Gross operating margin -€18,250
down €18,250 (-24.9%), from €73,380 to €55,130
- Taxes -€3,750
down €3,750 (-50.2%), from €7,465 to €3,716
- Depreciation +€821
up €821 (+1.8%), from €44,855 to €45,676
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 | €204,075 | €152,358 | -€51,717 | -25.3% |
| Fixed assets | 21/28 | €131,083 | €90,066 | -€41,017 | -31.3% |
| Intangible fixed assets | 21 | €80,800 | €60,600 | -€20,200 | -25.0% |
| Tangible fixed assets | 22/27 | €50,283 | €29,466 | -€20,817 | -41.4% |
| Plant, machinery and equipment | 23 | €38,950 | €23,799 | -€15,151 | -38.9% |
| Furniture and vehicles | 24 | €11,334 | €5,668 | -€5,666 | -50.0% |
| Current assets | 29/58 | €72,992 | €62,291 | -€10,700 | -14.7% |
| Amounts receivable within one year | 40/41 | €31,970 | €31,801 | -€169 | -0.5% |
| Trade receivables | 40 | €29,435 | €31,016 | +€1,581 | +5.4% |
| Other amounts receivable | 41 | €2,535 | €784 | -€1,750 | -69.1% |
| Cash at bank and in hand | 54/58 | €39,256 | €27,802 | -€11,454 | -29.2% |
| Deferred charges and accrued income | 490/1 | €1,766 | €2,688 | +€922 | +52.2% |
| Total equity and liabilities | 10/49 | €204,075 | €152,358 | -€51,717 | -25.3% |
| Equity | 10/15 | €22,311 | €27,791 | +€5,480 | +24.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,811 | €26,291 | +€5,480 | +26.3% |
| Amounts payable | 17/49 | €181,764 | €124,566 | -€57,198 | -31.5% |
| Amounts payable within one year | 42/48 | €181,764 | €124,566 | -€57,198 | -31.5% |
| Trade debts | 44 | €166,625 | €110,626 | -€55,999 | -33.6% |
| Suppliers | 440/4 | €166,625 | €110,626 | -€55,999 | -33.6% |
| Taxes, remuneration and social security | 45 | €1,328 | €3,026 | +€1,698 | +127.8% |
| Taxes | 450/3 | €1,328 | €3,026 | +€1,698 | +127.8% |
| Other amounts payable | 47/48 | €13,811 | €10,915 | -€2,897 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,855 | €45,676 | +€821 | +1.8% |
| Other operating charges | 640/8 | €117 | €66 | -€51 | -43.9% |
| Gross operating margin | 9900 | €73,380 | €55,130 | -€18,250 | -24.9% |
| Operating profit (loss) | 9901 | €28,408 | €9,389 | -€19,019 | -67.0% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €132 | €218 | +€86 | +65.6% |
| Recurring financial charges | 65 | €132 | €218 | +€86 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | €28,276 | €9,196 | -€19,080 | -67.5% |
| Income taxes | 67/77 | €7,465 | €3,716 | -€3,750 | -50.2% |
| Profit (loss) for the period | 9904 | €20,811 | €5,480 | -€15,331 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,811 | €5,480 | -€15,331 | -73.7% |
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 12 October 2026 via checked.be.