Leeway: 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.
Leeway
Largest movements
- Current investments +€46,160
new in 2025: €46,160
- Receivables within one year -€26,530
down €26,530 (-60.6%), from €43,804 to €17,274
of which Other amounts receivable: -€30,534
- Cash +€26,274
up €26,274 (+26.3%), from €100,006 to €126,280
mainly Net result for the year (+€47,116) and Receivables within one year (+€26,530)
- Reserves +€47,116
up €47,116 (+49.6%), from €94,977 to €142,093
- Tax, wage and social debts -€15,753
down €15,753 (-33.2%), from €47,430 to €31,677
- Other debts +€14,608
new in 2025: €14,608
- Gross operating margin -€64,581
down €64,581 (-48.2%), from €133,998 to €69,417
- Taxes -€19,053
down €19,053 (-49.4%), from €38,547 to €19,494
- Financial charges +€2,115
up €2,115 (+5565.8%), from €38 to €2,153
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 | €145,407 | €191,647 | +€46,240 | +31.8% |
| Fixed assets | 21/28 | €1,597 | €1,933 | +€336 | +21.0% |
| Tangible fixed assets | 22/27 | €1,402 | €1,738 | +€336 | +24.0% |
| Furniture and vehicles | 24 | €1,402 | €1,738 | +€336 | +24.0% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €143,810 | €189,714 | +€45,904 | +31.9% |
| Amounts receivable within one year | 40/41 | €43,804 | €17,274 | -€26,530 | -60.6% |
| Trade receivables | 40 | €13,270 | €17,274 | +€4,004 | +30.2% |
| Other amounts receivable | 41 | €30,534 | - | -€30,534 | |
| Current investments | 50/53 | - | €46,160 | +€46,160 | |
| Cash at bank and in hand | 54/58 | €100,006 | €126,280 | +€26,274 | +26.3% |
| Total equity and liabilities | 10/49 | €145,407 | €191,647 | +€46,240 | +31.8% |
| Equity | 10/15 | €97,977 | €145,093 | +€47,116 | +48.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €94,977 | €142,093 | +€47,116 | +49.6% |
| Distributable reserves | 133 | €94,977 | €142,093 | +€47,116 | +49.6% |
| Amounts payable | 17/49 | €47,430 | €46,554 | -€876 | -1.8% |
| Amounts payable within one year | 42/48 | €47,430 | €46,554 | -€876 | -1.8% |
| Trade debts | 44 | - | €269 | +€269 | |
| Suppliers | 440/4 | - | €269 | +€269 | |
| Taxes, remuneration and social security | 45 | €47,430 | €31,677 | -€15,753 | -33.2% |
| Taxes | 450/3 | €47,430 | €31,677 | -€15,753 | -33.2% |
| Other amounts payable | 47/48 | - | €14,608 | +€14,608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637 | €1,099 | +€462 | +72.5% |
| Other operating charges | 640/8 | €734 | €208 | -€526 | -71.7% |
| Gross operating margin | 9900 | €133,998 | €69,417 | -€64,581 | -48.2% |
| Operating profit (loss) | 9901 | €132,627 | €68,110 | -€64,517 | -48.6% |
| Financial income | 75/76B | €935 | €653 | -€282 | -30.2% |
| Recurring financial income | 75 | €935 | €653 | -€282 | -30.2% |
| Financial charges | 65/66B | €38 | €2,153 | +€2,115 | +5565.8% |
| Recurring financial charges | 65 | €38 | €2,153 | +€2,115 | +5565.8% |
| Profit (loss) for the period before taxes | 9903 | €133,524 | €66,610 | -€66,914 | -50.1% |
| Income taxes | 67/77 | €38,547 | €19,494 | -€19,053 | -49.4% |
| Profit (loss) for the period | 9904 | €94,977 | €47,116 | -€47,861 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,977 | €47,116 | -€47,861 | -50.4% |
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 8 October 2026 via checked.be.