LEOPOLD 2 CONSTRUCTION: 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.
LEOPOLD 2 CONSTRUCTION
Largest movements
- Receivables within one year +€34,304
up €34,304 (+233%), from €14,745 to €49,049
of which Trade receivables: +€23,346
- Cash +€9,248
up €9,248 (+9,633%), from €96 to €9,344
mainly Net result for the year (+€87,312) and Trade debts (+€6,535)
- Profit (loss) carried forward +€87,311
up €87,311 (+81.7%), from -€106,917 to -€19,606
- Short-term financial debts -€49,722
no longer reported in 2025 (was €49,722)
- Trade debts +€6,535
up €6,535 (+135%), from €4,840 to €11,375
- Tax, wage and social debts -€753
no longer reported in 2025 (was €753)
- Gross operating margin +€111,363
up €111,363, from -€17,013 to €94,350
- Other operating charges -€8,444
down €8,444 (-79.6%), from €10,614 to €2,170
- Financial charges -€3,113
down €3,113 (-36.8%), from €8,454 to €5,341
of which Financial charges: -€1,869
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 | €15,301 | €58,818 | +€43,517 | +284% |
| Fixed assets | 21/28 | €252 | €96 | -€156 | -61.9% |
| Tangible fixed assets | 22/27 | €156 | - | -€156 | |
| Furniture and vehicles | 24 | €156 | - | -€156 | |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €15,049 | €58,722 | +€43,673 | +290% |
| Amounts receivable within one year | 40/41 | €14,745 | €49,049 | +€34,304 | +233% |
| Trade receivables | 40 | €5,925 | €29,271 | +€23,346 | +394% |
| Other amounts receivable | 41 | €8,820 | €19,778 | +€10,958 | +124% |
| Cash at bank and in hand | 54/58 | €96 | €9,344 | +€9,248 | +9,633% |
| Deferred charges and accrued income | 490/1 | €208 | €329 | +€121 | +58.2% |
| Total equity and liabilities | 10/49 | €15,301 | €58,818 | +€43,517 | +284% |
| Equity | 10/15 | -€41,417 | €45,894 | +€87,311 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,900 | €46,900 | = | 0.0% |
| Distributable reserves | 133 | €46,900 | €46,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,917 | -€19,606 | +€87,311 | +81.7% |
| Amounts payable | 17/49 | €56,718 | €12,924 | -€43,794 | -77.2% |
| Amounts payable within one year | 42/48 | €55,315 | €11,375 | -€43,940 | -79.4% |
| Financial debts | 43 | €49,722 | - | -€49,722 | |
| Credit institutions | 430/8 | €49,722 | - | -€49,722 | |
| Trade debts | 44 | €4,840 | €11,375 | +€6,535 | +135% |
| Suppliers | 440/4 | €4,840 | €11,375 | +€6,535 | +135% |
| Taxes, remuneration and social security | 45 | €753 | - | -€753 | |
| Taxes | 450/3 | €753 | - | -€753 | |
| Accrued charges and deferred income | 492/3 | €1,403 | €1,549 | +€146 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | - | -€470 | |
| Other operating charges | 640/8 | €10,614 | €2,170 | -€8,444 | -79.6% |
| Non-recurring operating charges | 66A | €180 | €120 | -€60 | -33.3% |
| Gross operating margin | 9900 | -€17,013 | €94,350 | +€111,363 | |
| Operating profit (loss) | 9901 | -€28,277 | €92,060 | +€120,337 | |
| Financial income | 75/76B | €305 | €593 | +€288 | +94.4% |
| Recurring financial income | 75 | €305 | €593 | +€288 | +94.4% |
| Financial charges | 65/66B | €8,454 | €5,341 | -€3,113 | -36.8% |
| Recurring financial charges | 65 | €7,054 | €5,185 | -€1,869 | -26.5% |
| Non-recurring financial charges | 66B | €1,400 | €156 | -€1,244 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,426 | €87,312 | +€123,738 | |
| Profit (loss) for the period | 9904 | -€36,426 | €87,312 | +€123,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,426 | €87,312 | +€123,738 |
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 22 October 2026 via checked.be.