LEOPOLD BV: 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 BV
Largest movements
- Receivables within one year +€10,713
up €10,713 (+166%), from €6,467 to €17,180
of which Trade receivables: +€16,496
- Cash +€6,171
up €6,171 (+15.1%), from €40,783 to €46,954
mainly Net result for the year (+€10,982) and Trade debts (+€7,527)
- Profit (loss) carried forward +€10,982
up €10,982 (+23.3%), from -€47,148 to -€36,166
- Trade debts +€7,527
up €7,527 (+811%), from €928 to €8,455
- Other debts -€5,380
down €5,380 (-7.0%), from €76,811 to €71,431
- Tax, wage and social debts +€3,960
new in 2025: €3,960
- Gross operating margin +€6,832
up €6,832 (+116%), from €5,898 to €12,731
- Depreciation +€649
up €649 (+445%), from €146 to €795
- Financial charges -€197
down €197 (-72.3%), from €273 to €76
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 | €49,191 | €66,279 | +€17,089 | +34.7% |
| Fixed assets | 21/28 | €1,940 | €2,145 | +€205 | +10.6% |
| Tangible fixed assets | 22/27 | €1,940 | €2,145 | +€205 | +10.6% |
| Plant, machinery and equipment | 23 | €1,084 | €1,612 | +€528 | +48.7% |
| Furniture and vehicles | 24 | €856 | €532 | -€324 | -37.8% |
| Current assets | 29/58 | €47,251 | €64,134 | +€16,884 | +35.7% |
| Amounts receivable within one year | 40/41 | €6,467 | €17,180 | +€10,713 | +166% |
| Trade receivables | 40 | €684 | €17,180 | +€16,496 | +2,413% |
| Other amounts receivable | 41 | €5,783 | - | -€5,783 | |
| Cash at bank and in hand | 54/58 | €40,783 | €46,954 | +€6,171 | +15.1% |
| Total equity and liabilities | 10/49 | €49,191 | €66,279 | +€17,089 | +34.7% |
| Equity | 10/15 | -€28,548 | -€17,566 | +€10,982 | +38.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,148 | -€36,166 | +€10,982 | +23.3% |
| Amounts payable | 17/49 | €77,738 | €83,845 | +€6,107 | +7.9% |
| Amounts payable within one year | 42/48 | €77,738 | €83,845 | +€6,107 | +7.9% |
| Trade debts | 44 | €928 | €8,455 | +€7,527 | +811% |
| Suppliers | 440/4 | €928 | €8,455 | +€7,527 | +811% |
| Taxes, remuneration and social security | 45 | - | €3,960 | +€3,960 | |
| Taxes | 450/3 | - | €3,960 | +€3,960 | |
| Other amounts payable | 47/48 | €76,811 | €71,431 | -€5,380 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146 | €795 | +€649 | +445% |
| Other operating charges | 640/8 | €960 | €878 | -€83 | -8.6% |
| Gross operating margin | 9900 | €5,898 | €12,731 | +€6,832 | +116% |
| Operating profit (loss) | 9901 | €4,792 | €11,057 | +€6,266 | +131% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €273 | €76 | -€197 | -72.3% |
| Recurring financial charges | 65 | €273 | €76 | -€197 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €4,528 | €10,982 | +€6,454 | +143% |
| Profit (loss) for the period | 9904 | €4,528 | €10,982 | +€6,454 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €4,528 | €10,982 | +€6,454 | +143% |
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 13 October 2026 via checked.be.