LELAND: 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.
LELAND
Largest movements
- Receivables within one year -€14,218
down €14,218 (-42.5%), from €33,466 to €19,248
of which Trade receivables: -€8,993
- Cash -€9,810
down €9,810 (-76.3%), from €12,861 to €3,051
mainly Net result for the year (-€50,793) and Debts after one year (-€7,728)
- Tangible fixed assets -€8,162
down €8,162 (-4.9%), from €165,624 to €157,462
of which Furniture and vehicles: -€5,954
- Deferred charges and accrued income -€4,400
down €4,400 (-66.7%), from €6,600 to €2,200
- Reserves -€50,793
down €50,793 (-29.4%), from €172,728 to €121,935
of which Distributable reserves: -€50,793
- Other debts +€23,837
up €23,837 (+29.1%), from €81,960 to €105,797
- Debts after one year -€7,728
down €7,728 (-7.1%), from €108,583 to €100,855
- Gross operating margin -€14,513
down €14,513 (-90.5%), from -€16,033 to -€30,545
- Depreciation -€2,762
down €2,762 (-16.3%), from €16,909 to €14,147
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 | €384,000 | €347,410 | -€36,590 | -9.5% |
| Fixed assets | 21/28 | €165,624 | €157,462 | -€8,162 | -4.9% |
| Tangible fixed assets | 22/27 | €165,624 | €157,462 | -€8,162 | -4.9% |
| Land and buildings | 22 | €153,289 | €152,237 | -€1,052 | -0.7% |
| Plant, machinery and equipment | 23 | €3,354 | €2,198 | -€1,156 | -34.5% |
| Furniture and vehicles | 24 | €8,981 | €3,027 | -€5,954 | -66.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €218,376 | €189,948 | -€28,428 | -13.0% |
| Stocks and contracts in progress | 3 | €165,449 | €165,449 | = | 0.0% |
| Stocks | 30/36 | €165,449 | €165,449 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,466 | €19,248 | -€14,218 | -42.5% |
| Trade receivables | 40 | €23,703 | €14,709 | -€8,993 | -37.9% |
| Other amounts receivable | 41 | €9,764 | €4,539 | -€5,225 | -53.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,861 | €3,051 | -€9,810 | -76.3% |
| Deferred charges and accrued income | 490/1 | €6,600 | €2,200 | -€4,400 | -66.7% |
| Total equity and liabilities | 10/49 | €384,000 | €347,410 | -€36,590 | -9.5% |
| Equity | 10/15 | €178,928 | €128,135 | -€50,793 | -28.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €172,728 | €121,935 | -€50,793 | -29.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €170,868 | €120,075 | -€50,793 | -29.7% |
| Amounts payable | 17/49 | €205,072 | €219,275 | +€14,203 | +6.9% |
| Amounts payable after more than one year | 17 | €108,583 | €100,855 | -€7,728 | -7.1% |
| Financial debts | 170/4 | €108,583 | €100,855 | -€7,728 | -7.1% |
| Amounts payable within one year | 42/48 | €96,489 | €118,420 | +€21,931 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €7,460 | €7,728 | +€268 | +3.6% |
| Trade debts | 44 | €4,670 | €4,647 | -€23 | -0.5% |
| Suppliers | 440/4 | €4,670 | €4,647 | -€23 | -0.5% |
| Taxes, remuneration and social security | 45 | €2,398 | €248 | -€2,150 | -89.6% |
| Taxes | 450/3 | €248 | €248 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,150 | €0 | -€2,150 | -100% |
| Other amounts payable | 47/48 | €81,960 | €105,797 | +€23,837 | +29.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,909 | €14,147 | -€2,762 | -16.3% |
| Other operating charges | 640/8 | €2,124 | €1,820 | -€304 | -14.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€16,033 | -€30,545 | -€14,513 | -90.5% |
| Operating profit (loss) | 9901 | -€35,066 | -€46,512 | -€11,447 | -32.6% |
| Financial income | 75/76B | €105 | €52 | -€53 | -50.2% |
| Recurring financial income | 75 | €105 | €52 | -€53 | -50.2% |
| Financial charges | 65/66B | €4,620 | €4,318 | -€303 | -6.5% |
| Recurring financial charges | 65 | €4,620 | €4,318 | -€303 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€39,580 | -€50,777 | -€11,197 | -28.3% |
| Income taxes | 67/77 | €31 | €16 | -€16 | -49.8% |
| Profit (loss) for the period | 9904 | -€39,612 | -€50,793 | -€11,181 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,612 | -€50,793 | -€11,181 | -28.2% |
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 20 October 2026 via checked.be.