Leroi & Partners: 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.
Leroi & Partners
Largest movements
- Intangible fixed assets -€367,591
down €367,591 (-12.3%), from €3.0m to €2.6m
- Cash +€88,390
up €88,390 (+32.1%), from €275,649 to €364,040
mainly Net result for the year (+€502,457) and Depreciation (+€429,496)
- Debts after one year -€778,227
down €778,227 (-36.2%), from €2.1m to €1.4m
- Reserves +€402,457
up €402,457 (+74.2%), from €542,151 to €944,607
- Advances received +€73,589
new in 2025: €73,589
- Gross operating margin +€779,336
up €779,336 (+70.1%), from €1.1m to €1.9m
- Staff costs +€363,485
up €363,485 (+108%), from €336,398 to €699,882
- Depreciation +€185,688
up €185,688 (+76.2%), from €243,807 to €429,496
- Taxes +€49,700
up €49,700 (+50.8%), from €97,914 to €147,614
- Financial charges +€48,837
up €48,837 (+83.2%), from €58,702 to €107,539
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 | €3,468,436 | €3,164,301 | -€304,135 | -8.8% |
| Fixed assets | 21/28 | €3,147,407 | €2,768,860 | -€378,547 | -12.0% |
| Intangible fixed assets | 21 | €2,988,902 | €2,621,311 | -€367,591 | -12.3% |
| Tangible fixed assets | 22/27 | €158,504 | €147,549 | -€10,955 | -6.9% |
| Plant, machinery and equipment | 23 | €1,499 | €1,852 | +€352 | +23.5% |
| Furniture and vehicles | 24 | €152,911 | €142,505 | -€10,406 | -6.8% |
| Other tangible fixed assets | 26 | €4,094 | €3,192 | -€902 | -22.0% |
| Current assets | 29/58 | €321,029 | €395,441 | +€74,411 | +23.2% |
| Amounts receivable within one year | 40/41 | €35,374 | €16,247 | -€19,127 | -54.1% |
| Trade receivables | 40 | €35,138 | €16,247 | -€18,892 | -53.8% |
| Other amounts receivable | 41 | €235 | - | -€235 | |
| Cash at bank and in hand | 54/58 | €275,649 | €364,040 | +€88,390 | +32.1% |
| Deferred charges and accrued income | 490/1 | €10,006 | €15,154 | +€5,148 | +51.4% |
| Total equity and liabilities | 10/49 | €3,468,436 | €3,164,301 | -€304,135 | -8.8% |
| Equity | 10/15 | €612,151 | €1,014,607 | +€402,457 | +65.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €542,151 | €944,607 | +€402,457 | +74.2% |
| Distributable reserves | 133 | €542,151 | €944,607 | +€402,457 | +74.2% |
| Amounts payable | 17/49 | €2,856,285 | €2,149,693 | -€706,592 | -24.7% |
| Amounts payable after more than one year | 17 | €2,149,922 | €1,371,695 | -€778,227 | -36.2% |
| Financial debts | 170/4 | €2,149,922 | €1,371,695 | -€778,227 | -36.2% |
| Amounts payable within one year | 42/48 | €706,363 | €777,998 | +€71,635 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €338,239 | €364,547 | +€26,308 | +7.8% |
| Trade debts | 44 | €7,476 | €676 | -€6,799 | -91.0% |
| Suppliers | 440/4 | €7,476 | €676 | -€6,799 | -91.0% |
| Advances received on contracts in progress | 46 | - | €73,589 | +€73,589 | |
| Taxes, remuneration and social security | 45 | €234,627 | €239,185 | +€4,558 | +1.9% |
| Taxes | 450/3 | €179,297 | €136,840 | -€42,456 | -23.7% |
| Remuneration and social security | 454/9 | €55,330 | €102,345 | +€47,015 | +85.0% |
| Other amounts payable | 47/48 | €126,022 | €100,000 | -€26,022 | -20.6% |
| Non-recurring operating income | 76A | €4,961 | - | -€4,961 | |
| Remuneration, social security and pensions | 62 | €336,398 | €699,882 | +€363,485 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,807 | €429,496 | +€185,688 | +76.2% |
| Other operating charges | 640/8 | €3,758 | €6,182 | +€2,424 | +64.5% |
| Gross operating margin | 9900 | €1,111,572 | €1,890,908 | +€779,336 | +70.1% |
| Operating profit (loss) | 9901 | €527,609 | €755,348 | +€227,739 | +43.2% |
| Financial income | 75/76B | - | €2,262 | +€2,262 | |
| Recurring financial income | 75 | - | €2,262 | +€2,262 | |
| Financial charges | 65/66B | €58,702 | €107,539 | +€48,837 | +83.2% |
| Recurring financial charges | 65 | €58,702 | €107,539 | +€48,837 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | €468,906 | €650,071 | +€181,164 | +38.6% |
| Income taxes | 67/77 | €97,914 | €147,614 | +€49,700 | +50.8% |
| Profit (loss) for the period | 9904 | €370,993 | €502,457 | +€131,464 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €370,993 | €502,457 | +€131,464 | +35.4% |
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 20 October 2026 via checked.be.