LEOPOLD SQUARE: 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 SQUARE
Largest movements
- Financial fixed assets -€350,000
down €350,000 (-8.8%), from €4.0m to €3.6m
- Debts after one year -€319,383
down €319,383 (-84.6%), from €377,421 to €58,038
- Financial charges -€13,551
down €13,551 (-76.7%), from €17,678 to €4,127
- Gross operating margin -€2,125
down €2,125 (-6.8%), from -€31,315 to -€33,440
- Financial income -€1,780
down €1,780 (-8.6%), from €20,588 to €18,808
- Taxes -€1,090
no longer reported in 2025 (was €1,090)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,998,615 | €3,657,546 | -€341,069 | -8.5% |
| Fixed assets | 21/28 | €3,992,338 | €3,642,338 | -€350,000 | -8.8% |
| Financial fixed assets | 28 | €3,992,338 | €3,642,338 | -€350,000 | -8.8% |
| Current assets | 29/58 | €6,277 | €15,208 | +€8,931 | +142% |
| Amounts receivable within one year | 40/41 | €6,277 | - | -€6,277 | |
| Trade receivables | 40 | €6,277 | - | -€6,277 | |
| Deferred charges and accrued income | 490/1 | - | €15,208 | +€15,208 | |
| Total equity and liabilities | 10/49 | €3,998,615 | €3,657,546 | -€341,069 | -8.5% |
| Equity | 10/15 | €3,610,902 | €3,591,146 | -€19,756 | -0.5% |
| Contributions | 10/11 | €4,198,367 | €4,198,367 | = | 0.0% |
| Capital | 10 | €4,198,367 | €4,198,367 | = | 0.0% |
| Issued capital | 100 | €4,198,367 | €4,198,367 | = | 0.0% |
| Reserves | 13 | €56,701 | €56,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,701 | €56,701 | = | 0.0% |
| Legal reserve | 130 | €56,701 | €56,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€644,166 | -€663,922 | -€19,756 | -3.1% |
| Amounts payable | 17/49 | €387,713 | €66,400 | -€321,313 | -82.9% |
| Amounts payable after more than one year | 17 | €377,421 | €58,038 | -€319,383 | -84.6% |
| Financial debts | 170/4 | €377,421 | €58,038 | -€319,383 | -84.6% |
| Amounts payable within one year | 42/48 | €6,692 | €8,362 | +€1,670 | +25.0% |
| Trade debts | 44 | €6,692 | €8,362 | +€1,670 | +25.0% |
| Suppliers | 440/4 | €6,692 | €8,362 | +€1,670 | +25.0% |
| Accrued charges and deferred income | 492/3 | €3,600 | - | -€3,600 | |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | -€31,315 | -€33,440 | -€2,125 | -6.8% |
| Operating profit (loss) | 9901 | -€32,283 | -€34,438 | -€2,155 | -6.7% |
| Financial income | 75/76B | €20,588 | €18,808 | -€1,780 | -8.6% |
| Recurring financial income | 75 | €20,588 | €18,808 | -€1,780 | -8.6% |
| Financial charges | 65/66B | €17,678 | €4,127 | -€13,551 | -76.7% |
| Recurring financial charges | 65 | €17,678 | €4,127 | -€13,551 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,373 | -€19,757 | +€9,616 | +32.7% |
| Income taxes | 67/77 | €1,090 | - | -€1,090 | |
| Profit (loss) for the period | 9904 | -€30,463 | -€19,757 | +€10,706 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,463 | -€19,757 | +€10,706 | +35.1% |
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 15 October 2026 via checked.be.