LEITZ OLIVIER: 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 OLIVIER
Largest movements
- Tangible fixed assets -€80,031
down €80,031 (-15.0%), from €535,268 to €455,237
of which Land and buildings: -€50,703
- Receivables within one year -€10,234
down €10,234 (-47.2%), from €21,681 to €11,447
of which Trade receivables: -€10,245
- Debts after one year -€66,175
down €66,175 (-21.5%), from €307,955 to €241,780
- Current portion of long-term debt -€18,015
down €18,015 (-21.4%), from €84,190 to €66,175
- Profit (loss) carried forward +€16,529
up €16,529 (+914%), from €1,809 to €18,338
- Tax, wage and social debts -€8,366
down €8,366 (-36.6%), from €22,846 to €14,480
of which Remuneration and social security: -€4,788
- Accrued charges and deferred income -€6,923
down €6,923 (-98.7%), from €7,012 to €89
- Staff costs -€49,782
down €49,782 (-23.4%), from €212,906 to €163,123
- Depreciation -€6,979
down €6,979 (-7.6%), from €92,412 to €85,434
- Financial charges -€3,556
down €3,556 (-28.5%), from €12,471 to €8,915
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €618,593 | €531,677 | -€86,915 | -14.1% |
| Fixed assets | 21/28 | €535,513 | €455,482 | -€80,031 | -14.9% |
| Tangible fixed assets | 22/27 | €535,268 | €455,237 | -€80,031 | -15.0% |
| Land and buildings | 22 | €455,085 | €404,382 | -€50,703 | -11.1% |
| Plant, machinery and equipment | 23 | €74,112 | €50,709 | -€23,404 | -31.6% |
| Furniture and vehicles | 24 | €6,070 | €146 | -€5,924 | -97.6% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €83,079 | €76,195 | -€6,885 | -8.3% |
| Stocks and contracts in progress | 3 | €829 | €777 | -€52 | -6.3% |
| Stocks | 30/36 | €829 | €777 | -€52 | -6.3% |
| Amounts receivable within one year | 40/41 | €21,681 | €11,447 | -€10,234 | -47.2% |
| Trade receivables | 40 | €21,681 | €11,435 | -€10,245 | -47.3% |
| Other amounts receivable | 41 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €56,688 | €60,370 | +€3,682 | +6.5% |
| Deferred charges and accrued income | 490/1 | €3,882 | €3,600 | -€281 | -7.2% |
| Total equity and liabilities | 10/49 | €618,593 | €531,677 | -€86,915 | -14.1% |
| Equity | 10/15 | €33,222 | €47,369 | +€14,147 | +42.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,888 | €1,888 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28 | €28 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,809 | €18,338 | +€16,529 | +914% |
| Investment grants | 15 | €17,125 | €14,743 | -€2,382 | -13.9% |
| Amounts payable | 17/49 | €585,370 | €484,308 | -€101,062 | -17.3% |
| Amounts payable after more than one year | 17 | €307,955 | €241,780 | -€66,175 | -21.5% |
| Financial debts | 170/4 | €307,955 | €241,780 | -€66,175 | -21.5% |
| Amounts payable within one year | 42/48 | €270,403 | €242,438 | -€27,965 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €84,190 | €66,175 | -€18,015 | -21.4% |
| Trade debts | 44 | €21,283 | €19,645 | -€1,638 | -7.7% |
| Suppliers | 440/4 | €21,283 | €19,645 | -€1,638 | -7.7% |
| Taxes, remuneration and social security | 45 | €22,846 | €14,480 | -€8,366 | -36.6% |
| Taxes | 450/3 | €5,529 | €1,952 | -€3,578 | -64.7% |
| Remuneration and social security | 454/9 | €17,317 | €12,529 | -€4,788 | -27.7% |
| Other amounts payable | 47/48 | €142,084 | €142,139 | +€55 | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,012 | €89 | -€6,923 | -98.7% |
| Remuneration, social security and pensions | 62 | €212,906 | €163,123 | -€49,782 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,412 | €85,434 | -€6,979 | -7.6% |
| Other operating charges | 640/8 | €4,771 | €4,708 | -€64 | -1.3% |
| Gross operating margin | 9900 | €278,702 | €276,971 | -€1,731 | -0.6% |
| Operating profit (loss) | 9901 | -€31,388 | €23,706 | +€55,094 | |
| Financial income | 75/76B | €2,383 | €2,383 | +€0 | 0.0% |
| Recurring financial income | 75 | €2,383 | €2,383 | +€0 | 0.0% |
| Financial charges | 65/66B | €12,471 | €8,915 | -€3,556 | -28.5% |
| Recurring financial charges | 65 | €12,471 | €8,915 | -€3,556 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€41,476 | €17,175 | +€58,651 | |
| Income taxes | 67/77 | €640 | €646 | +€5 | +0.8% |
| Profit (loss) for the period | 9904 | -€42,116 | €16,529 | +€58,646 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,116 | €16,529 | +€58,646 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.