LEITZ LIONEL: 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.
LEITZ LIONEL
Largest movements
- Cash -€74,109
down €74,109 (-62.9%), from €117,842 to €43,733
mainly Tax, wage and social debts (-€43,824) and Receivables within one year (-€25,013)
- Receivables within one year +€25,013
up €25,013 (+59.2%), from €42,288 to €67,301
of which Other amounts receivable: +€40,680
- Stocks and contracts -€15,552
down €15,552 (-56.2%), from €27,681 to €12,129
- Deferred charges and accrued income -€7,525
down €7,525 (-93.8%), from €8,025 to €500
- Tax, wage and social debts -€43,824
down €43,824 (-88.7%), from €49,385 to €5,561
of which Taxes: -€41,674
- Profit (loss) carried forward -€18,682
down €18,682 (-13.1%), from €142,236 to €123,554
- Trade debts -€12,872
down €12,872 (-52.3%), from €24,600 to €11,728
- Current portion of long-term debt +€7,401
new in 2025: €7,401
- Debts after one year -€3,473
down €3,473 (-9.9%), from €34,928 to €31,455
- Gross operating margin -€41,634
down €41,634 (-95.4%), from €43,641 to €2,008
- Depreciation -€9,609
down €9,609 (-36.4%), from €26,373 to €16,764
- Taxes -€3,026
down €3,026 (-95.7%), from €3,160 to €134
- Other operating charges -€753
down €753 (-46.8%), from €1,611 to €857
- Financial charges +€446
up €446 (+17.9%), from €2,488 to €2,934
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.
Derived cash bridge
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 | €252,149 | €180,699 | -€71,450 | -28.3% |
| Fixed assets | 21/28 | €56,313 | €57,036 | +€723 | +1.3% |
| Tangible fixed assets | 22/27 | €55,563 | €56,286 | +€723 | +1.3% |
| Plant, machinery and equipment | 23 | €6,773 | €2,803 | -€3,970 | -58.6% |
| Furniture and vehicles | 24 | €48,790 | €53,483 | +€4,693 | +9.6% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €195,836 | €123,663 | -€72,173 | -36.9% |
| Stocks and contracts in progress | 3 | €27,681 | €12,129 | -€15,552 | -56.2% |
| Stocks | 30/36 | €27,681 | €12,129 | -€15,552 | -56.2% |
| Amounts receivable within one year | 40/41 | €42,288 | €67,301 | +€25,013 | +59.2% |
| Trade receivables | 40 | €16,823 | €1,156 | -€15,666 | -93.1% |
| Other amounts receivable | 41 | €25,465 | €66,145 | +€40,680 | +160% |
| Cash at bank and in hand | 54/58 | €117,842 | €43,733 | -€74,109 | -62.9% |
| Deferred charges and accrued income | 490/1 | €8,025 | €500 | -€7,525 | -93.8% |
| Total equity and liabilities | 10/49 | €252,149 | €180,699 | -€71,450 | -28.3% |
| Equity | 10/15 | €143,236 | €124,554 | -€18,682 | -13.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,236 | €123,554 | -€18,682 | -13.1% |
| Amounts payable | 17/49 | €108,913 | €56,146 | -€52,768 | -48.4% |
| Amounts payable after more than one year | 17 | €34,928 | €31,455 | -€3,473 | -9.9% |
| Financial debts | 170/4 | €34,928 | €31,455 | -€3,473 | -9.9% |
| Amounts payable within one year | 42/48 | €73,985 | €24,691 | -€49,294 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,401 | +€7,401 | |
| Trade debts | 44 | €24,600 | €11,728 | -€12,872 | -52.3% |
| Suppliers | 440/4 | €24,600 | €11,728 | -€12,872 | -52.3% |
| Taxes, remuneration and social security | 45 | €49,385 | €5,561 | -€43,824 | -88.7% |
| Taxes | 450/3 | €47,235 | €5,561 | -€41,674 | -88.2% |
| Remuneration and social security | 454/9 | €2,150 | - | -€2,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,373 | €16,764 | -€9,609 | -36.4% |
| Other operating charges | 640/8 | €1,611 | €857 | -€753 | -46.8% |
| Gross operating margin | 9900 | €43,641 | €2,008 | -€41,634 | -95.4% |
| Operating profit (loss) | 9901 | €15,658 | -€15,614 | -€31,271 | |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €2,488 | €2,934 | +€446 | +17.9% |
| Recurring financial charges | 65 | €2,488 | €2,934 | +€446 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €13,190 | -€18,548 | -€31,738 | |
| Income taxes | 67/77 | €3,160 | €134 | -€3,026 | -95.7% |
| Profit (loss) for the period | 9904 | €10,030 | -€18,682 | -€28,712 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,030 | -€18,682 | -€28,712 |
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 21 October 2026 via checked.be.