LEODETIM: 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.
LEODETIM
Largest movements
- Cash -€1.0m
down €1.0m (-72.2%), from €1.4m to €398,076
mainly Net result for the year (-€1.1m) and Trade debts (-€772,239)
- Stocks and contracts -€242,633
down €242,633 (-90.2%), from €269,064 to €26,431
- Receivables within one year -€228,885
down €228,885 (-79.9%), from €286,392 to €57,507
of which Other amounts receivable: -€178,847
- Tangible fixed assets -€45,269
down €45,269 (-15.6%), from €289,442 to €244,173
of which Plant, machinery and equipment: -€28,158
- Profit (loss) carried forward -€1.1m
down €1.1m (-61.3%), from -€1.8m to -€3.0m
- Trade debts -€772,239
down €772,239 (-23.3%), from €3.3m to €2.5m
- Other debts +€424,000
up €424,000 (+68.6%), from €617,819 to €1.0m
- Current portion of long-term debt -€31,308
down €31,308 (-52.1%), from €60,047 to €28,739
- Debts after one year -€28,707
down €28,707 (-52.3%), from €54,864 to €26,157
of which Financial debts: -€28,707
- Gross operating margin +€252,867
up €252,867 (+41.1%), from -€615,359 to -€362,491
- Financial charges +€190,572
up €190,572 (+96.1%), from €198,234 to €388,806
of which Non-recurring financial charges: +€162,066
- Staff costs -€74,889
down €74,889 (-24.0%), from €311,815 to €236,926
- Financial income +€47,582
up €47,582 (+36.1%), from €131,807 to €179,389
- Depreciation -€13,003
down €13,003 (-20.5%), from €63,480 to €50,477
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,299,160 | €731,739 | -€1.6m | -68.2% |
| Formation expenses | 20 | €682 | €282 | -€400 | -58.7% |
| Fixed assets | 21/28 | €301,598 | €247,763 | -€53,836 | -17.9% |
| Tangible fixed assets | 22/27 | €289,442 | €244,173 | -€45,269 | -15.6% |
| Land and buildings | 22 | €7,196 | €10,307 | +€3,111 | +43.2% |
| Plant, machinery and equipment | 23 | €215,105 | €186,946 | -€28,158 | -13.1% |
| Furniture and vehicles | 24 | €29,898 | €14,862 | -€15,036 | -50.3% |
| Other tangible fixed assets | 26 | €37,243 | €32,058 | -€5,185 | -13.9% |
| Financial fixed assets | 28 | €12,156 | €3,590 | -€8,567 | -70.5% |
| Current assets | 29/58 | €1,996,880 | €483,694 | -€1.5m | -75.8% |
| Stocks and contracts in progress | 3 | €269,064 | €26,431 | -€242,633 | -90.2% |
| Stocks | 30/36 | €269,064 | €26,431 | -€242,633 | -90.2% |
| Amounts receivable within one year | 40/41 | €286,392 | €57,507 | -€228,885 | -79.9% |
| Trade receivables | 40 | €78,292 | €28,253 | -€50,038 | -63.9% |
| Other amounts receivable | 41 | €208,100 | €29,254 | -€178,847 | -85.9% |
| Cash at bank and in hand | 54/58 | €1,430,594 | €398,076 | -€1.0m | -72.2% |
| Deferred charges and accrued income | 490/1 | €10,830 | €1,681 | -€9,149 | -84.5% |
| Total equity and liabilities | 10/49 | €2,299,160 | €731,739 | -€1.6m | -68.2% |
| Equity | 10/15 | -€1,775,443 | -€2,909,962 | -€1.1m | -63.9% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €1,959 | €1,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,959 | €1,959 | = | 0.0% |
| Legal reserve | 130 | €1,959 | €1,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,849,402 | -€2,983,920 | -€1.1m | -61.3% |
| Amounts payable | 17/49 | €4,074,603 | €3,641,700 | -€432,903 | -10.6% |
| Amounts payable after more than one year | 17 | €54,864 | €26,157 | -€28,707 | -52.3% |
| Financial debts | 170/4 | €50,469 | €21,762 | -€28,707 | -56.9% |
| Other amounts payable | 178/9 | €4,395 | €4,395 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,019,739 | €3,615,543 | -€404,196 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €60,047 | €28,739 | -€31,308 | -52.1% |
| Trade debts | 44 | €3,314,325 | €2,542,086 | -€772,239 | -23.3% |
| Suppliers | 440/4 | €3,314,325 | €2,542,086 | -€772,239 | -23.3% |
| Taxes, remuneration and social security | 45 | €27,548 | €2,898 | -€24,650 | -89.5% |
| Taxes | 450/3 | €2,823 | €2,898 | +€75 | +2.7% |
| Remuneration and social security | 454/9 | €24,725 | - | -€24,725 | |
| Other amounts payable | 47/48 | €617,819 | €1,041,819 | +€424,000 | +68.6% |
| Non-recurring operating income | 76A | €3,366 | €209 | -€3,157 | -93.8% |
| Remuneration, social security and pensions | 62 | €311,815 | €236,926 | -€74,889 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,480 | €50,477 | -€13,003 | -20.5% |
| Other operating charges | 640/8 | €12,292 | €3,855 | -€8,437 | -68.6% |
| Non-recurring operating charges | 66A | €11,370 | €271,277 | +€259,907 | +2,286% |
| Gross operating margin | 9900 | -€615,359 | -€362,491 | +€252,867 | +41.1% |
| Operating profit (loss) | 9901 | -€1,014,315 | -€925,026 | +€89,289 | +8.8% |
| Financial income | 75/76B | €131,807 | €179,389 | +€47,582 | +36.1% |
| Recurring financial income | 75 | €131,807 | €179,389 | +€47,582 | +36.1% |
| Financial charges | 65/66B | €198,234 | €388,806 | +€190,572 | +96.1% |
| Recurring financial charges | 65 | €172,348 | €200,854 | +€28,506 | +16.5% |
| Non-recurring financial charges | 66B | €25,886 | €187,952 | +€162,066 | +626% |
| Profit (loss) for the period before taxes | 9903 | -€1,080,743 | -€1,134,443 | -€53,701 | -5.0% |
| Income taxes | 67/77 | €140 | €75 | -€65 | -46.3% |
| Profit (loss) for the period | 9904 | -€1,080,883 | -€1,134,519 | -€53,636 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,080,883 | -€1,134,519 | -€53,636 | -5.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.