LEEMCO: 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.
LEEMCO
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+33.0%), from €7.2m to €9.6m
- Debts after one year +€2.4m
up €2.4m (+33.0%), from €7.3m to €9.7m
- Other debts +€275,692
up €275,692 (+63.6%), from €433,598 to €709,290
- Profit (loss) carried forward -€261,669
down €261,669 (-15.6%), from -€1.7m to -€1.9m
- Current portion of long-term debt +€115,798
up €115,798 (+49.1%), from €235,627 to €351,425
- Financial charges +€160,793
up €160,793 (+69.9%), from €229,891 to €390,683
- Depreciation +€85,532
up €85,532 (+32.4%), from €263,712 to €349,243
- Taxes -€75,776
down €75,776, from €14,145 to -€61,631
- Other operating charges +€26,995
up €26,995 (+49.9%), from €54,140 to €81,134
- Financial income +€25,408
up €25,408 (+223.6%), from €11,361 to €36,768
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 | €8,938,410 | €11,370,922 | +€2.4m | +27.2% |
| Fixed assets | 21/28 | €7,204,353 | €9,585,321 | +€2.4m | +33.0% |
| Tangible fixed assets | 22/27 | €7,204,353 | €9,585,321 | +€2.4m | +33.0% |
| Land and buildings | 22 | €7,204,353 | €9,585,321 | +€2.4m | +33.0% |
| Current assets | 29/58 | €1,734,058 | €1,785,601 | +€51,544 | +3.0% |
| Amounts receivable within one year | 40/41 | €1,676,977 | €1,722,441 | +€45,464 | +2.7% |
| Trade receivables | 40 | €1,164 | €0 | -€1,164 | -100.0% |
| Other amounts receivable | 41 | €1,675,814 | €1,722,441 | +€46,628 | +2.8% |
| Cash at bank and in hand | 54/58 | €57,081 | €63,160 | +€6,079 | +10.7% |
| Total equity and liabilities | 10/49 | €8,938,410 | €11,370,922 | +€2.4m | +27.2% |
| Equity | 10/15 | €493,682 | €232,013 | -€261,669 | -53.0% |
| Contributions | 10/11 | €100,236 | €100,236 | = | 0.0% |
| Capital | 10 | €100,236 | €100,236 | = | 0.0% |
| Issued capital | 100 | €100,236 | €100,236 | = | 0.0% |
| Revaluation surpluses | 12 | €2,066,694 | €2,066,694 | = | 0.0% |
| Reserves | 13 | €8,703 | €8,703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,491 | €1,491 | = | 0.0% |
| Legal reserve | 130 | €1,491 | €1,491 | = | 0.0% |
| Distributable reserves | 133 | €7,212 | €7,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,681,952 | -€1,943,621 | -€261,669 | -15.6% |
| Amounts payable | 17/49 | €8,444,729 | €11,138,910 | +€2.7m | +31.9% |
| Amounts payable after more than one year | 17 | €7,325,524 | €9,742,986 | +€2.4m | +33.0% |
| Financial debts | 170/4 | €7,325,524 | €9,742,986 | +€2.4m | +33.0% |
| Amounts payable within one year | 42/48 | €1,074,079 | €1,377,742 | +€303,662 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €235,627 | €351,425 | +€115,798 | +49.1% |
| Financial debts | 43 | €14,717 | €4,644 | -€10,072 | -68.4% |
| Credit institutions | 430/8 | €14,717 | €4,644 | -€10,072 | -68.4% |
| Trade debts | 44 | €352,400 | €312,383 | -€40,017 | -11.4% |
| Suppliers | 440/4 | €352,400 | €312,383 | -€40,017 | -11.4% |
| Taxes, remuneration and social security | 45 | €37,738 | €0 | -€37,738 | -100.0% |
| Taxes | 450/3 | €37,738 | €0 | -€37,738 | -100.0% |
| Other amounts payable | 47/48 | €433,598 | €709,290 | +€275,692 | +63.6% |
| Accrued charges and deferred income | 492/3 | €45,125 | €18,182 | -€26,943 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263,712 | €349,243 | +€85,532 | +32.4% |
| Other operating charges | 640/8 | €54,140 | €81,134 | +€26,995 | +49.9% |
| Non-recurring operating charges | 66A | €1,748 | - | -€1,748 | |
| Gross operating margin | 9900 | €460,849 | €460,992 | +€144 | 0.0% |
| Operating profit (loss) | 9901 | €141,250 | €30,615 | -€110,635 | -78.3% |
| Financial income | 75/76B | €11,361 | €36,768 | +€25,408 | +223.6% |
| Recurring financial income | 75 | €11,361 | €36,768 | +€25,408 | +223.6% |
| Financial charges | 65/66B | €229,891 | €390,683 | +€160,793 | +69.9% |
| Recurring financial charges | 65 | €229,891 | €390,683 | +€160,793 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | -€77,280 | -€323,300 | -€246,020 | -318.3% |
| Income taxes | 67/77 | €14,145 | -€61,631 | -€75,776 | |
| Profit (loss) for the period | 9904 | -€91,425 | -€261,669 | -€170,244 | -186.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€91,425 | -€261,669 | -€170,244 | -186.2% |
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 9 October 2026 via checked.be.