Leomel: 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.
Leomel
Largest movements
- Tangible fixed assets -€156,191
down €156,191 (-6.7%), from €2.3m to €2.2m
of which Land and buildings: -€136,811
- Cash +€53,091
up €53,091 (+29.2%), from €181,619 to €234,710
mainly Net result for the year (+€174,463) and Depreciation (+€160,260)
- Reserves +€174,463
up €174,463 (+93.8%), from €185,973 to €360,437
- Other debts -€134,944
down €134,944 (-7.8%), from €1.7m to €1.6m
- Trade debts -€85,648
down €85,648 (-81.5%), from €105,041 to €19,392
- Debts after one year -€60,000
down €60,000 (-18.2%), from €330,000 to €270,000
- Gross operating margin +€174,198
up €174,198 (+58.2%), from €299,094 to €473,292
- Taxes +€57,365
up €57,365, from €0 to €57,365
- Depreciation -€13,655
down €13,655 (-7.9%), from €173,915 to €160,260
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 | €2,533,149 | €2,426,483 | -€106,666 | -4.2% |
| Fixed assets | 21/28 | €2,334,289 | €2,178,026 | -€156,263 | -6.7% |
| Intangible fixed assets | 21 | €118 | €46 | -€72 | -61.4% |
| Tangible fixed assets | 22/27 | €2,334,171 | €2,177,980 | -€156,191 | -6.7% |
| Land and buildings | 22 | €2,298,565 | €2,161,754 | -€136,811 | -6.0% |
| Plant, machinery and equipment | 23 | €19,975 | €9,538 | -€10,438 | -52.3% |
| Furniture and vehicles | 24 | €15,631 | €6,688 | -€8,942 | -57.2% |
| Current assets | 29/58 | €198,860 | €248,457 | +€49,597 | +24.9% |
| Amounts receivable within one year | 40/41 | €11,724 | €8,573 | -€3,151 | -26.9% |
| Trade receivables | 40 | €1,861 | €3,908 | +€2,047 | +110.0% |
| Other amounts receivable | 41 | €9,863 | €4,665 | -€5,198 | -52.7% |
| Cash at bank and in hand | 54/58 | €181,619 | €234,710 | +€53,091 | +29.2% |
| Deferred charges and accrued income | 490/1 | €5,517 | €5,175 | -€342 | -6.2% |
| Total equity and liabilities | 10/49 | €2,533,149 | €2,426,483 | -€106,666 | -4.2% |
| Equity | 10/15 | €285,973 | €460,437 | +€174,463 | +61.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €185,973 | €360,437 | +€174,463 | +93.8% |
| Distributable reserves | 133 | €185,973 | €360,437 | +€174,463 | +93.8% |
| Amounts payable | 17/49 | €2,247,176 | €1,966,047 | -€281,129 | -12.5% |
| Amounts payable after more than one year | 17 | €330,000 | €270,000 | -€60,000 | -18.2% |
| Financial debts | 170/4 | €330,000 | €270,000 | -€60,000 | -18.2% |
| Amounts payable within one year | 42/48 | €1,906,820 | €1,687,178 | -€219,642 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €105,041 | €19,392 | -€85,648 | -81.5% |
| Suppliers | 440/4 | €105,041 | €19,392 | -€85,648 | -81.5% |
| Taxes, remuneration and social security | 45 | €5,202 | €6,152 | +€950 | +18.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €5,202 | €6,152 | +€950 | +18.3% |
| Other amounts payable | 47/48 | €1,736,577 | €1,601,633 | -€134,944 | -7.8% |
| Accrued charges and deferred income | 492/3 | €10,356 | €8,869 | -€1,487 | -14.4% |
| Remuneration, social security and pensions | 62 | €51,964 | €52,928 | +€964 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,915 | €160,260 | -€13,655 | -7.9% |
| Other operating charges | 640/8 | €14,076 | €14,673 | +€597 | +4.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €299,094 | €473,292 | +€174,198 | +58.2% |
| Operating profit (loss) | 9901 | €59,139 | €245,431 | +€186,292 | +315.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €15,851 | €13,603 | -€2,249 | -14.2% |
| Recurring financial charges | 65 | €15,851 | €13,603 | -€2,249 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €43,287 | €231,828 | +€188,541 | +435.6% |
| Income taxes | 67/77 | €0 | €57,365 | +€57,365 | |
| Profit (loss) for the period | 9904 | €43,287 | €174,463 | +€131,176 | +303.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,287 | €174,463 | +€131,176 | +303.0% |
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 9 October 2026 via checked.be.