Leeloo: 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.
Leeloo
Largest movements
- Cash -€38,251
down €38,251 (-21.0%), from €181,715 to €143,464
mainly Investment in fixed assets (net) (-€46,599) and Debts after one year (-€24,003)
- Tangible fixed assets +€20,409
up €20,409 (+16.6%), from €122,859 to €143,268
of which Furniture and vehicles: +€35,519
- Stocks and contracts +€6,622
up €6,622 (+194.7%), from €3,401 to €10,023
- Debts after one year -€24,003
down €24,003 (-22.0%), from €109,313 to €85,310
- Reserves +€12,647
up €12,647 (+9.0%), from €140,900 to €153,546
of which Distributable reserves: +€12,647
- Depreciation +€4,805
up €4,805 (+22.5%), from €21,385 to €26,190
- Gross operating margin -€4,657
down €4,657 (-8.3%), from €56,337 to €51,679
- Taxes +€3,356
up €3,356 (+294.5%), from €1,140 to €4,496
- Financial charges -€1,138
down €1,138 (-13.1%), from €8,652 to €7,514
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 | €313,554 | €302,549 | -€11,005 | -3.5% |
| Fixed assets | 21/28 | €122,859 | €143,268 | +€20,409 | +16.6% |
| Tangible fixed assets | 22/27 | €122,859 | €143,268 | +€20,409 | +16.6% |
| Land and buildings | 22 | €122,859 | €101,802 | -€21,057 | -17.1% |
| Plant, machinery and equipment | 23 | - | €5,947 | +€5,947 | |
| Furniture and vehicles | 24 | - | €35,519 | +€35,519 | |
| Current assets | 29/58 | €190,695 | €159,281 | -€31,414 | -16.5% |
| Stocks and contracts in progress | 3 | €3,401 | €10,023 | +€6,622 | +194.7% |
| Stocks | 30/36 | €3,401 | €10,023 | +€6,622 | +194.7% |
| Amounts receivable within one year | 40/41 | €5,579 | €5,794 | +€215 | +3.9% |
| Trade receivables | 40 | €4,181 | €5,750 | +€1,569 | +37.5% |
| Other amounts receivable | 41 | €1,398 | €45 | -€1,353 | -96.8% |
| Cash at bank and in hand | 54/58 | €181,715 | €143,464 | -€38,251 | -21.0% |
| Total equity and liabilities | 10/49 | €313,554 | €302,549 | -€11,005 | -3.5% |
| Equity | 10/15 | €159,500 | €172,146 | +€12,647 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,900 | €153,546 | +€12,647 | +9.0% |
| Tax-exempt reserves | 132 | €11,007 | €11,007 | = | 0.0% |
| Distributable reserves | 133 | €129,893 | €142,539 | +€12,647 | +9.7% |
| Amounts payable | 17/49 | €154,054 | €130,403 | -€23,651 | -15.4% |
| Amounts payable after more than one year | 17 | €109,313 | €85,310 | -€24,003 | -22.0% |
| Financial debts | 170/4 | €109,313 | €85,310 | -€24,003 | -22.0% |
| Amounts payable within one year | 42/48 | €44,107 | €44,566 | +€459 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €24,559 | €25,944 | +€1,385 | +5.6% |
| Trade debts | 44 | €5,466 | €3,430 | -€2,036 | -37.2% |
| Suppliers | 440/4 | €5,466 | €3,430 | -€2,036 | -37.2% |
| Taxes, remuneration and social security | 45 | €7,434 | €9,191 | +€1,758 | +23.6% |
| Taxes | 450/3 | €5,934 | €7,691 | +€1,758 | +29.6% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €6,649 | €6,000 | -€649 | -9.8% |
| Accrued charges and deferred income | 492/3 | €634 | €527 | -€107 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,385 | €26,190 | +€4,805 | +22.5% |
| Other operating charges | 640/8 | €2,211 | €2,022 | -€189 | -8.5% |
| Gross operating margin | 9900 | €56,337 | €51,679 | -€4,657 | -8.3% |
| Operating profit (loss) | 9901 | €32,741 | €23,468 | -€9,273 | -28.3% |
| Financial income | 75/76B | €1,026 | €1,189 | +€163 | +15.9% |
| Recurring financial income | 75 | €1,026 | €1,189 | +€163 | +15.9% |
| Financial charges | 65/66B | €8,652 | €7,514 | -€1,138 | -13.1% |
| Recurring financial charges | 65 | €8,652 | €7,514 | -€1,138 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €25,116 | €17,143 | -€7,973 | -31.7% |
| Income taxes | 67/77 | €1,140 | €4,496 | +€3,356 | +294.5% |
| Profit (loss) for the period | 9904 | €23,976 | €12,647 | -€11,329 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,976 | €12,647 | -€11,329 | -47.3% |
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 3 October 2026 via checked.be.