LEODE & CO: 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.
LEODE & CO
Largest movements
- Tangible fixed assets -€15,836
down €15,836 (-25.4%), from €62,402 to €46,566
of which Leasing and similar rights: -€13,953
- Debts after one year -€93,679
down €93,679 (-18.8%), from €498,508 to €404,829
- Other debts +€57,267
up €57,267 (+70.7%), from €80,986 to €138,253
- Tax, wage and social debts +€19,806
up €19,806 (+292%), from €6,771 to €26,577
- Trade debts -€11,463
down €11,463 (-65.3%), from €17,564 to €6,102
- Financial income +€48,818
up €48,818 (+1,114%), from €4,381 to €53,199
- Gross operating margin +€11,107
up €11,107 (+18.9%), from €58,721 to €69,828
- Taxes +€3,180
up €3,180 (+55.3%), from €5,751 to €8,931
- Other operating charges -€3,061
down €3,061 (-56.0%), from €5,468 to €2,408
- Financial charges +€1,195
up €1,195 (+7.9%), from €15,200 to €16,395
of which Non-recurring financial charges: +€2,125
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 | €1,054,875 | €1,036,926 | -€17,949 | -1.7% |
| Fixed assets | 21/28 | €987,552 | €971,716 | -€15,836 | -1.6% |
| Tangible fixed assets | 22/27 | €62,402 | €46,566 | -€15,836 | -25.4% |
| Leasing and similar rights | 25 | €56,997 | €43,044 | -€13,953 | -24.5% |
| Other tangible fixed assets | 26 | €5,406 | €3,523 | -€1,883 | -34.8% |
| Financial fixed assets | 28 | €925,150 | €925,150 | = | 0.0% |
| Current assets | 29/58 | €67,323 | €65,209 | -€2,113 | -3.1% |
| Amounts receivable within one year | 40/41 | €53,588 | €49,136 | -€4,452 | -8.3% |
| Other amounts receivable | 41 | €53,588 | €49,136 | -€4,452 | -8.3% |
| Cash at bank and in hand | 54/58 | €4,801 | €1,804 | -€2,997 | -62.4% |
| Deferred charges and accrued income | 490/1 | €8,934 | €14,269 | +€5,336 | +59.7% |
| Total equity and liabilities | 10/49 | €1,054,875 | €1,036,926 | -€17,949 | -1.7% |
| Equity | 10/15 | €351,423 | €359,864 | +€8,441 | +2.4% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €10,500 | €10,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,500 | €10,500 | = | 0.0% |
| Legal reserve | 130 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,923 | €244,364 | +€8,441 | +3.6% |
| Amounts payable | 17/49 | €703,452 | €677,062 | -€26,390 | -3.8% |
| Amounts payable after more than one year | 17 | €498,508 | €404,829 | -€93,679 | -18.8% |
| Financial debts | 170/4 | €498,508 | €404,829 | -€93,679 | -18.8% |
| Amounts payable within one year | 42/48 | €199,353 | €266,213 | +€66,860 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €94,032 | €95,282 | +€1,250 | +1.3% |
| Trade debts | 44 | €17,564 | €6,102 | -€11,463 | -65.3% |
| Suppliers | 440/4 | €17,564 | €6,102 | -€11,463 | -65.3% |
| Taxes, remuneration and social security | 45 | €6,771 | €26,577 | +€19,806 | +292% |
| Taxes | 450/3 | €6,771 | €26,577 | +€19,806 | +292% |
| Other amounts payable | 47/48 | €80,986 | €138,253 | +€57,267 | +70.7% |
| Accrued charges and deferred income | 492/3 | €5,591 | €6,019 | +€428 | +7.7% |
| Non-recurring operating income | 76A | €82 | €1,717 | +€1,635 | +1,996% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,651 | €15,836 | +€1,185 | +8.1% |
| Other operating charges | 640/8 | €5,468 | €2,408 | -€3,061 | -56.0% |
| Gross operating margin | 9900 | €58,721 | €69,828 | +€11,107 | +18.9% |
| Operating profit (loss) | 9901 | €38,602 | €51,585 | +€12,983 | +33.6% |
| Financial income | 75/76B | €4,381 | €53,199 | +€48,818 | +1,114% |
| Recurring financial income | 75 | €4,381 | €53,199 | +€48,818 | +1,114% |
| Financial charges | 65/66B | €15,200 | €16,395 | +€1,195 | +7.9% |
| Recurring financial charges | 65 | €14,732 | €13,802 | -€930 | -6.3% |
| Non-recurring financial charges | 66B | €468 | €2,593 | +€2,125 | +454% |
| Profit (loss) for the period before taxes | 9903 | €27,783 | €88,389 | +€60,606 | +218% |
| Income taxes | 67/77 | €5,751 | €8,931 | +€3,180 | +55.3% |
| Profit (loss) for the period | 9904 | €22,032 | €79,458 | +€57,426 | +261% |
| Profit (loss) for the period to be appropriated | 9905 | €22,032 | €79,458 | +€57,426 | +261% |
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 23 October 2026 via checked.be.