Leisure United: what changed
What changed
Leisure United
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€68,249
2025 · €42,908+€25,341
Equity
€53,930
2025 · €30,681+€23,249
Cash
€103,793
2025 · €80,159+€23,634
Balance sheet total
€553,218
2025 · €482,759+€70,459
Largest movements
Assets
- Tangible fixed assets +€35,525
up €35,525 (+705%), from €5,036 to €40,560
of which Land and buildings: +€38,667
- Cash +€23,634
up €23,634 (+29.5%), from €80,159 to €103,793
mainly Net result for the year (+€68,249) and Other debts (+€35,511)
- Receivables within one year +€10,829
up €10,829 (+9.4%), from €115,594 to €126,423
of which Trade receivables: +€6,135
Equity and liabilities
- Other debts +€35,511
up €35,511 (+23.9%), from €148,668 to €184,179
- Reserves +€13,957
up €13,957 (+39.9%), from €34,973 to €48,930
- Profit (loss) carried forward +€9,292
up €9,292, from -€9,292 to €0
- Trade debts +€8,697
up €8,697 (+10.0%), from €86,887 to €95,585
- Tax, wage and social debts +€6,293
up €6,293 (+50.6%), from €12,440 to €18,734
of which Taxes: +€6,293
Income statement
- Gross operating margin +€45,263
up €45,263 (+98.2%), from €46,103 to €91,366
- Taxes +€20,059
up €20,059 (+778%), from €2,580 to €22,639
- Depreciation +€1,333
up €1,333 (+42.4%), from €3,142 to €4,475
- Other operating charges -€1,256
down €1,256 (-44.2%), from €2,843 to €1,588
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€42,908
Gross operating margin
+€45,263
Staff costs
-€372
Depreciation
-€1,333
Other operating charges
+€1,256
Financial income
+€557
Financial charges
+€29
Taxes
-€20,059
Result 2026
€68,249
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€111,925
Investment
-€40,000
Financing
-€48,291
Cash 2025
€80,159
From operations (derived)
+€111,925
Net result for the year
+€68,249
Depreciation
+€4,475
Receivables within one year
-€10,829
Deferred charges and accrued income
-€471
Trade debts
+€8,697
Tax, wage and social debts
+€6,293
Other debts
+€35,511
Accrued charges and deferred income
-€0
Investment (derived)
-€40,000
Investment in fixed assets (net)
-€40,000
Financing
-€48,291
Debts after one year
-€1,647
Current portion of long-term debt
-€1,645
Contributions, distributions and other
-€45,000
Cash 2026
€103,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,759 | €553,218 | +€70,459 | +14.6% |
| Fixed assets | 21/28 | €5,036 | €40,560 | +€35,525 | +705% |
| Tangible fixed assets | 22/27 | €5,036 | €40,560 | +€35,525 | +705% |
| Land and buildings | 22 | - | €38,667 | +€38,667 | |
| Leasing and similar rights | 25 | €5,036 | €1,894 | -€3,142 | -62.4% |
| Current assets | 29/58 | €477,724 | €512,658 | +€34,934 | +7.3% |
| Amounts receivable after more than one year | 29 | €275,000 | €275,000 | = | 0.0% |
| Other amounts receivable | 291 | €275,000 | €275,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €115,594 | €126,423 | +€10,829 | +9.4% |
| Trade receivables | 40 | €80,439 | €86,574 | +€6,135 | +7.6% |
| Other amounts receivable | 41 | €35,155 | €39,849 | +€4,694 | +13.4% |
| Cash at bank and in hand | 54/58 | €80,159 | €103,793 | +€23,634 | +29.5% |
| Deferred charges and accrued income | 490/1 | €6,971 | €7,442 | +€471 | +6.8% |
| Total equity and liabilities | 10/49 | €482,759 | €553,218 | +€70,459 | +14.6% |
| Equity | 10/15 | €30,681 | €53,930 | +€23,249 | +75.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,973 | €48,930 | +€13,957 | +39.9% |
| Distributable reserves | 133 | €34,973 | €48,930 | +€13,957 | +39.9% |
| Profit (loss) carried forward | 14 | -€9,292 | €0 | +€9,292 | |
| Provisions and deferred taxes | 16 | €198,025 | €198,025 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €198,025 | €198,025 | = | 0.0% |
| Other liabilities and charges | 164/5 | €198,025 | €198,025 | = | 0.0% |
| Amounts payable | 17/49 | €254,054 | €301,263 | +€47,210 | +18.6% |
| Amounts payable after more than one year | 17 | €1,647 | €0 | -€1,647 | -100% |
| Financial debts | 170/4 | €1,647 | €0 | -€1,647 | -100% |
| Amounts payable within one year | 42/48 | €251,290 | €300,147 | +€48,857 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €3,294 | €1,650 | -€1,645 | -49.9% |
| Trade debts | 44 | €86,887 | €95,585 | +€8,697 | +10.0% |
| Suppliers | 440/4 | €86,887 | €95,585 | +€8,697 | +10.0% |
| Taxes, remuneration and social security | 45 | €12,440 | €18,734 | +€6,293 | +50.6% |
| Taxes | 450/3 | €12,440 | €18,734 | +€6,293 | +50.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €148,668 | €184,179 | +€35,511 | +23.9% |
| Accrued charges and deferred income | 492/3 | €1,117 | €1,117 | -€0 | 0.0% |
| Remuneration, social security and pensions | 62 | -€372 | €0 | +€372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,142 | €4,475 | +€1,333 | +42.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,843 | €1,588 | -€1,256 | -44.2% |
| Gross operating margin | 9900 | €46,103 | €91,366 | +€45,263 | +98.2% |
| Operating profit (loss) | 9901 | €40,490 | €85,303 | +€44,813 | +111% |
| Financial income | 75/76B | €6,892 | €7,449 | +€557 | +8.1% |
| Recurring financial income | 75 | €6,892 | €7,449 | +€557 | +8.1% |
| Financial charges | 65/66B | €1,893 | €1,864 | -€29 | -1.6% |
| Recurring financial charges | 65 | €1,893 | €1,864 | -€29 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €45,488 | €90,888 | +€45,400 | +99.8% |
| Income taxes | 67/77 | €2,580 | €22,639 | +€20,059 | +778% |
| Profit (loss) for the period | 9904 | €42,908 | €68,249 | +€25,341 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,908 | €68,249 | +€25,341 | +59.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.