LEOLISE: 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.
LEOLISE
Largest movements
- Tangible fixed assets -€216,987
down €216,987 (-28.4%), from €764,886 to €547,900
of which Other tangible fixed assets: -€118,438
- Receivables within one year -€64,863
down €64,863 (-42.7%), from €151,914 to €87,051
of which Trade receivables: -€65,263
- Intangible fixed assets -€35,490
no longer reported in 2025 (was €35,490)
- Cash +€20,739
up €20,739 (+182%), from €11,384 to €32,123
mainly Depreciation (+€213,355) and Receivables within one year (+€64,863)
- Profit (loss) carried forward -€157,284
down €157,284 (-66.8%), from -€235,391 to -€392,676
- Trade debts -€81,055
down €81,055 (-27.9%), from €290,656 to €209,601
- Other debts -€68,325
down €68,325 (-8.5%), from €808,155 to €739,830
- Tax, wage and social debts +€16,345
up €16,345 (+21.4%), from €76,342 to €92,687
of which Remuneration and social security: +€9,707
- Gross operating margin +€136,247
up €136,247 (+34.3%), from €396,977 to €533,224
- Staff costs +€102,121
up €102,121 (+33.0%), from €309,805 to €411,926
- Financial charges -€15,574
down €15,574 (-35.4%), from €44,001 to €28,427
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 | €1,001,761 | €711,442 | -€290,319 | -29.0% |
| Fixed assets | 21/28 | €800,377 | €547,900 | -€252,477 | -31.5% |
| Intangible fixed assets | 21 | €35,490 | - | -€35,490 | |
| Tangible fixed assets | 22/27 | €764,886 | €547,900 | -€216,987 | -28.4% |
| Plant, machinery and equipment | 23 | €269,579 | €175,601 | -€93,978 | -34.9% |
| Furniture and vehicles | 24 | €14,412 | €9,842 | -€4,570 | -31.7% |
| Other tangible fixed assets | 26 | €480,895 | €362,457 | -€118,438 | -24.6% |
| Current assets | 29/58 | €201,385 | €163,543 | -€37,842 | -18.8% |
| Stocks and contracts in progress | 3 | €38,087 | €44,369 | +€6,282 | +16.5% |
| Stocks | 30/36 | €38,087 | €44,369 | +€6,282 | +16.5% |
| Amounts receivable within one year | 40/41 | €151,914 | €87,051 | -€64,863 | -42.7% |
| Trade receivables | 40 | €151,748 | €86,486 | -€65,263 | -43.0% |
| Other amounts receivable | 41 | €165 | €565 | +€400 | +242% |
| Cash at bank and in hand | 54/58 | €11,384 | €32,123 | +€20,739 | +182% |
| Total equity and liabilities | 10/49 | €1,001,761 | €711,442 | -€290,319 | -29.0% |
| Equity | 10/15 | -€173,391 | -€330,676 | -€157,284 | -90.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€235,391 | -€392,676 | -€157,284 | -66.8% |
| Amounts payable | 17/49 | €1,175,153 | €1,042,118 | -€133,035 | -11.3% |
| Amounts payable within one year | 42/48 | €1,175,153 | €1,042,118 | -€133,035 | -11.3% |
| Trade debts | 44 | €290,656 | €209,601 | -€81,055 | -27.9% |
| Suppliers | 440/4 | €290,656 | €209,601 | -€81,055 | -27.9% |
| Taxes, remuneration and social security | 45 | €76,342 | €92,687 | +€16,345 | +21.4% |
| Taxes | 450/3 | €23,845 | €30,483 | +€6,638 | +27.8% |
| Remuneration and social security | 454/9 | €52,497 | €62,204 | +€9,707 | +18.5% |
| Other amounts payable | 47/48 | €808,155 | €739,830 | -€68,325 | -8.5% |
| Non-recurring operating income | 76A | - | €204 | +€204 | |
| Remuneration, social security and pensions | 62 | €309,805 | €411,926 | +€102,121 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,700 | €213,355 | -€2,345 | -1.1% |
| Other operating charges | 640/8 | €5,635 | €6,923 | +€1,289 | +22.9% |
| Non-recurring operating charges | 66A | - | €29,877 | +€29,877 | |
| Gross operating margin | 9900 | €396,977 | €533,224 | +€136,247 | +34.3% |
| Operating profit (loss) | 9901 | -€134,162 | -€128,858 | +€5,305 | +4.0% |
| Financial charges | 65/66B | €44,001 | €28,427 | -€15,574 | -35.4% |
| Recurring financial charges | 65 | €44,001 | €28,427 | -€15,574 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€178,164 | -€157,284 | +€20,879 | +11.7% |
| Income taxes | 67/77 | €235 | - | -€235 | |
| Profit (loss) for the period | 9904 | -€178,398 | -€157,284 | +€21,114 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,398 | -€157,284 | +€21,114 | +11.8% |
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 18 October 2026 via checked.be.