LEODREAM: what changed
Two fiscal 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.
LEODREAM
Largest movements
- Tangible fixed assets +€33,392
up €33,392 (+1502.4%), from €2,223 to €35,614
of which Furniture and vehicles: +€34,158
- Stocks and contracts +€4,164
new in 2025: €4,164
- Cash -€1,926
down €1,926 (-8.2%), from €23,423 to €21,497
mainly Investment in fixed assets (net) (-€40,905) and Stocks and contracts (-€4,164)
- Receivables within one year -€1,845
down €1,845 (-79.8%), from €2,313 to €468
of which Trade receivables: -€1,833
- Debts after one year +€17,531
new in 2025: €17,531
- Current portion of long-term debt +€5,488
new in 2025: €5,488
- Tax, wage and social debts +€4,569
up €4,569 (+33.1%), from €13,804 to €18,373
of which Remuneration and social security: +€5,899
- Profit (loss) carried forward +€4,200
up €4,200, from -€4,057 to €143
- Trade debts +€1,832
up €1,832 (+22.3%), from €8,212 to €10,044
- Staff costs -€10,646
no longer reported in 2025 (was €10,646)
- Gross operating margin +€7,796
up €7,796 (+83.4%), from €9,345 to €17,140
- Depreciation +€7,436
up €7,436 (+9594.3%), from €78 to €7,513
- Financial charges +€1,465
up €1,465 (+561.0%), from €261 to €1,726
- Taxes +€513
new in 2025: €513
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.
Cash bridge derived
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 | €27,959 | €61,743 | +€33,784 | +120.8% |
| Fixed assets | 21/28 | €2,223 | €35,614 | +€33,392 | +1502.4% |
| Tangible fixed assets | 22/27 | €2,223 | €35,614 | +€33,392 | +1502.4% |
| Plant, machinery and equipment | 23 | €2,223 | €1,456 | -€767 | -34.5% |
| Furniture and vehicles | 24 | - | €34,158 | +€34,158 | |
| Current assets | 29/58 | €25,737 | €26,129 | +€393 | +1.5% |
| Stocks and contracts in progress | 3 | - | €4,164 | +€4,164 | |
| Stocks | 30/36 | - | €4,164 | +€4,164 | |
| Amounts receivable within one year | 40/41 | €2,313 | €468 | -€1,845 | -79.8% |
| Trade receivables | 40 | €2,076 | €243 | -€1,833 | -88.3% |
| Other amounts receivable | 41 | €237 | €226 | -€12 | -5.0% |
| Cash at bank and in hand | 54/58 | €23,423 | €21,497 | -€1,926 | -8.2% |
| Total equity and liabilities | 10/49 | €27,959 | €61,743 | +€33,784 | +120.8% |
| Equity | 10/15 | €5,943 | €10,143 | +€4,200 | +70.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,057 | €143 | +€4,200 | |
| Amounts payable | 17/49 | €22,016 | €51,600 | +€29,584 | +134.4% |
| Amounts payable after more than one year | 17 | - | €17,531 | +€17,531 | |
| Financial debts | 170/4 | - | €17,531 | +€17,531 | |
| Amounts payable within one year | 42/48 | €22,016 | €34,069 | +€12,053 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,488 | +€5,488 | |
| Trade debts | 44 | €8,212 | €10,044 | +€1,832 | +22.3% |
| Suppliers | 440/4 | €8,212 | €10,044 | +€1,832 | +22.3% |
| Taxes, remuneration and social security | 45 | €13,804 | €18,373 | +€4,569 | +33.1% |
| Taxes | 450/3 | €3,717 | €2,387 | -€1,330 | -35.8% |
| Remuneration and social security | 454/9 | €10,087 | €15,986 | +€5,899 | +58.5% |
| Other amounts payable | 47/48 | - | €164 | +€164 | |
| Remuneration, social security and pensions | 62 | €10,646 | - | -€10,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78 | €7,513 | +€7,436 | +9594.3% |
| Other operating charges | 640/8 | €2,930 | €3,188 | +€258 | +8.8% |
| Gross operating margin | 9900 | €9,345 | €17,140 | +€7,796 | +83.4% |
| Operating profit (loss) | 9901 | -€4,309 | €6,439 | +€10,748 | |
| Financial charges | 65/66B | €261 | €1,726 | +€1,465 | +561.0% |
| Recurring financial charges | 65 | €261 | €1,726 | +€1,465 | +561.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,570 | €4,713 | +€9,283 | |
| Income taxes | 67/77 | - | €513 | +€513 | |
| Profit (loss) for the period | 9904 | -€4,570 | €4,200 | +€8,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,570 | €4,200 | +€8,769 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.