LEIF: 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.
LEIF
Largest movements
- Receivables within one year +€20,518
up €20,518 (+24.1%), from €85,178 to €105,696
of which Trade receivables: +€19,676
- Debts within one year +€68,457
up €68,457 (+97.5%), from €70,228 to €138,684
of which Trade debts: +€61,627
- Profit (loss) carried forward -€63,383
down €63,383 (-5.6%), from €1.1m to €1.1m
- Accrued charges and deferred income +€18,940
new in 2025: €18,940
- Gross operating margin -€238,747
down €238,747, from €178,135 to -€60,612
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 | €1,244,861 | €1,268,874 | +€24,014 | +1.9% |
| Fixed assets | 21/28 | €24,747 | €21,899 | -€2,847 | -11.5% |
| Intangible fixed assets | 21 | €22,506 | €15,503 | -€7,003 | -31.1% |
| Tangible fixed assets | 22/27 | €1,263 | €5,419 | +€4,156 | +329.1% |
| Plant, machinery and equipment | 23 | €733 | €5,154 | +€4,421 | +603.3% |
| Other tangible fixed assets | 26 | €530 | €265 | -€265 | -50.0% |
| Financial fixed assets | 28 | €978 | €978 | = | 0.0% |
| Current assets | 29/58 | €1,220,114 | €1,246,975 | +€26,861 | +2.2% |
| Amounts receivable within one year | 40/41 | €85,178 | €105,696 | +€20,518 | +24.1% |
| Trade receivables | 40 | €85,178 | €104,853 | +€19,676 | +23.1% |
| Other amounts receivable | 41 | - | €843 | +€843 | |
| Current investments | 50/53 | €233,119 | €236,442 | +€3,324 | +1.4% |
| Cash at bank and in hand | 54/58 | €900,954 | €904,757 | +€3,803 | +0.4% |
| Deferred charges and accrued income | 490/1 | €863 | €80 | -€784 | -90.8% |
| Total equity and liabilities | 10/49 | €1,244,861 | €1,268,874 | +€24,014 | +1.9% |
| Equity | 10/15 | €1,174,633 | €1,111,250 | -€63,383 | -5.4% |
| Reserves | 13 | €40,736 | €40,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,133,897 | €1,070,514 | -€63,383 | -5.6% |
| Amounts payable | 17/49 | €70,228 | €157,624 | +€87,397 | +124.4% |
| Amounts payable within one year | 42/48 | €70,228 | €138,684 | +€68,457 | +97.5% |
| Trade debts | 44 | €69,228 | €130,854 | +€61,627 | +89.0% |
| Suppliers | 440/4 | €69,228 | €130,854 | +€61,627 | +89.0% |
| Advances received on contracts in progress | 46 | - | €7,830 | +€7,830 | |
| Accrued charges and deferred income | 492/3 | - | €18,940 | +€18,940 | |
| Remuneration, social security and pensions | 62 | €420 | €285 | -€135 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,767 | €9,103 | -€664 | -6.8% |
| Other operating charges | 640/8 | €1,273 | €435 | -€839 | -65.9% |
| Gross operating margin | 9900 | €178,135 | -€60,612 | -€238,747 | |
| Operating profit (loss) | 9901 | €166,675 | -€70,435 | -€237,109 | |
| Financial income | 75/76B | €5,870 | €7,288 | +€1,419 | +24.2% |
| Recurring financial income | 75 | €1,491 | €3,965 | +€2,474 | +165.9% |
| Non-recurring financial income | 76B | €4,379 | €3,324 | -€1,055 | -24.1% |
| Financial charges | 65/66B | €195 | €237 | +€41 | +21.2% |
| Recurring financial charges | 65 | €195 | €237 | +€41 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €172,349 | -€63,383 | -€235,732 | |
| Profit (loss) for the period | 9904 | €172,349 | -€63,383 | -€235,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €172,349 | -€63,383 | -€235,732 |
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.