Leroe: 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.
Leroe
Largest movements
- Tangible fixed assets -€417,373
down €417,373 (-87.4%), from €477,510 to €60,137
of which Land and buildings: -€419,303
- Intangible fixed assets -€49,761
down €49,761 (-96.1%), from €51,761 to €2,000
- Cash +€38,809
up €38,809 (+56.1%), from €69,140 to €107,949
mainly Depreciation (+€503,297)
- Debts after one year -€378,245
down €378,245 (-97.7%), from €386,979 to €8,734
- Trade debts -€9,766
down €9,766 (-91.3%), from €10,693 to €927
- Current portion of long-term debt -€9,421
down €9,421 (-32.4%), from €29,093 to €19,672
- Tax, wage and social debts -€8,718
down €8,718 (-22.6%), from €38,497 to €29,779
- Profit (loss) carried forward -€6,644
down €6,644 (-5.3%), from €125,044 to €118,400
- Depreciation +€448,264
up €448,264 (+815%), from €55,033 to €503,297
- Gross operating margin +€371,089
up €371,089 (+71.6%), from €518,520 to €889,609
- Taxes +€17,247
up €17,247 (+200%), from €8,611 to €25,858
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,656 | €185,572 | -€424,084 | -69.6% |
| Fixed assets | 21/28 | €533,716 | €66,652 | -€467,064 | -87.5% |
| Intangible fixed assets | 21 | €51,761 | €2,000 | -€49,761 | -96.1% |
| Tangible fixed assets | 22/27 | €477,510 | €60,137 | -€417,373 | -87.4% |
| Land and buildings | 22 | €435,771 | €16,468 | -€419,303 | -96.2% |
| Plant, machinery and equipment | 23 | €8,391 | €21,625 | +€13,234 | +158% |
| Furniture and vehicles | 24 | €7,218 | €11,980 | +€4,762 | +66.0% |
| Leasing and similar rights | 25 | €26,130 | €10,064 | -€16,066 | -61.5% |
| Financial fixed assets | 28 | €4,445 | €4,515 | +€70 | +1.6% |
| Current assets | 29/58 | €75,940 | €118,920 | +€42,980 | +56.6% |
| Stocks and contracts in progress | 3 | €6,800 | €8,920 | +€2,120 | +31.2% |
| Stocks | 30/36 | €6,800 | €8,920 | +€2,120 | +31.2% |
| Amounts receivable within one year | 40/41 | - | €2,051 | +€2,051 | |
| Trade receivables | 40 | - | €1,889 | +€1,889 | |
| Other amounts receivable | 41 | - | €162 | +€162 | |
| Cash at bank and in hand | 54/58 | €69,140 | €107,949 | +€38,809 | +56.1% |
| Total equity and liabilities | 10/49 | €609,656 | €185,572 | -€424,084 | -69.6% |
| Equity | 10/15 | €133,104 | €126,460 | -€6,644 | -5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,044 | €118,400 | -€6,644 | -5.3% |
| Amounts payable | 17/49 | €476,552 | €59,112 | -€417,440 | -87.6% |
| Amounts payable after more than one year | 17 | €386,979 | €8,734 | -€378,245 | -97.7% |
| Financial debts | 170/4 | €386,979 | €8,734 | -€378,245 | -97.7% |
| Amounts payable within one year | 42/48 | €84,853 | €50,378 | -€34,475 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €29,093 | €19,672 | -€9,421 | -32.4% |
| Trade debts | 44 | €10,693 | €927 | -€9,766 | -91.3% |
| Suppliers | 440/4 | €10,693 | €927 | -€9,766 | -91.3% |
| Taxes, remuneration and social security | 45 | €38,497 | €29,779 | -€8,718 | -22.6% |
| Taxes | 450/3 | €38,497 | €29,779 | -€8,718 | -22.6% |
| Other amounts payable | 47/48 | €6,570 | - | -€6,570 | |
| Accrued charges and deferred income | 492/3 | €4,720 | - | -€4,720 | |
| Remuneration, social security and pensions | 62 | €357,741 | €357,653 | -€88 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,033 | €503,297 | +€448,264 | +815% |
| Gross operating margin | 9900 | €518,520 | €889,609 | +€371,089 | +71.6% |
| Operating profit (loss) | 9901 | €105,746 | €28,659 | -€77,087 | -72.9% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €11,290 | €9,471 | -€1,819 | -16.1% |
| Recurring financial charges | 65 | €11,290 | €9,471 | -€1,819 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €94,456 | €19,214 | -€75,242 | -79.7% |
| Income taxes | 67/77 | €8,611 | €25,858 | +€17,247 | +200% |
| Profit (loss) for the period | 9904 | €85,845 | -€6,644 | -€92,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,845 | -€6,644 | -€92,489 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.