LEO FURAT: 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.
LEO FURAT
Largest movements
- Receivables within one year +€3,485
new in 2025: €3,485
- Cash +€918
up €918 (+2,285%), from €40 to €958
mainly Tax, wage and social debts (+€11,216) and Other debts (+€10,115)
- Tangible fixed assets -€203
down €203 (-50.0%), from €405 to €203
- Profit (loss) carried forward -€16,175
down €16,175 (-59.5%), from -€27,187 to -€43,362
- Tax, wage and social debts +€11,216
up €11,216 (+1,678%), from €668 to €11,885
of which Remuneration and social security: +€7,661
- Other debts +€10,115
up €10,115 (+40.4%), from €25,027 to €35,143
- Trade debts -€956
down €956 (-64.3%), from €1,486 to €530
- Gross operating margin +€4,190
up €4,190 (+21.1%), from -€19,847 to -€15,657
- Other operating charges -€228
down €228 (-46.4%), from €490 to €262
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 | €2,995 | €7,196 | +€4,200 | +140% |
| Fixed assets | 21/28 | €2,955 | €2,753 | -€203 | -6.9% |
| Tangible fixed assets | 22/27 | €405 | €203 | -€203 | -50.0% |
| Plant, machinery and equipment | 23 | €405 | €203 | -€203 | -50.0% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €40 | €4,443 | +€4,403 | +10,958% |
| Amounts receivable within one year | 40/41 | - | €3,485 | +€3,485 | |
| Trade receivables | 40 | - | €3,485 | +€3,485 | |
| Cash at bank and in hand | 54/58 | €40 | €958 | +€918 | +2,285% |
| Total equity and liabilities | 10/49 | €2,995 | €7,196 | +€4,200 | +140% |
| Equity | 10/15 | -€24,187 | -€40,362 | -€16,175 | -66.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | -€27,187 | -€43,362 | -€16,175 | -59.5% |
| Amounts payable | 17/49 | €27,182 | €47,557 | +€20,375 | +75.0% |
| Amounts payable within one year | 42/48 | €27,182 | €47,557 | +€20,375 | +75.0% |
| Trade debts | 44 | €1,486 | €530 | -€956 | -64.3% |
| Suppliers | 440/4 | €1,486 | €530 | -€956 | -64.3% |
| Taxes, remuneration and social security | 45 | €668 | €11,885 | +€11,216 | +1,678% |
| Taxes | 450/3 | €668 | €4,223 | +€3,555 | +532% |
| Remuneration and social security | 454/9 | - | €7,661 | +€7,661 | |
| Other amounts payable | 47/48 | €25,027 | €35,143 | +€10,115 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203 | €203 | = | 0.0% |
| Other operating charges | 640/8 | €490 | €262 | -€228 | -46.4% |
| Gross operating margin | 9900 | -€19,847 | -€15,657 | +€4,190 | +21.1% |
| Operating profit (loss) | 9901 | -€20,540 | -€16,122 | +€4,418 | +21.5% |
| Financial charges | 65/66B | €42 | €53 | +€11 | +26.1% |
| Recurring financial charges | 65 | €42 | €53 | +€11 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,582 | -€16,175 | +€4,407 | +21.4% |
| Profit (loss) for the period | 9904 | -€20,582 | -€16,175 | +€4,407 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,582 | -€16,175 | +€4,407 | +21.4% |
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 1 November 2026 via checked.be.