Leroy Graphics: 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.
Leroy Graphics
Largest movements
- Tangible fixed assets +€23,188
up €23,188 (+7.0%), from €331,657 to €354,845
of which Plant, machinery and equipment: +€19,574
- Receivables within one year +€10,777
up €10,777 (+18.2%), from €59,210 to €69,987
of which Trade receivables: +€7,044
- Cash -€5,597
down €5,597 (-9.0%), from €61,925 to €56,329
mainly Investment in fixed assets (net) (-€49,588) and Other debts (-€21,781)
- Reserves +€43,254
up €43,254 (+21.6%), from €200,414 to €243,668
- Other debts -€21,781
down €21,781 (-58.1%), from €37,466 to €15,685
- Trade debts +€11,472
up €11,472 (+40.0%), from €28,695 to €40,167
- Debts after one year -€9,050
down €9,050 (-17.4%), from €51,956 to €42,906
- Staff costs +€15,364
up €15,364 (+9.5%), from €162,244 to €177,608
- Gross operating margin +€9,003
up €9,003 (+3.3%), from €269,122 to €278,126
- Financial charges -€6,071
down €6,071 (-54.8%), from €11,081 to €5,010
- Depreciation +€5,842
up €5,842 (+28.4%), from €20,557 to €26,400
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 | €460,323 | €489,770 | +€29,448 | +6.4% |
| Fixed assets | 21/28 | €332,263 | €355,452 | +€23,188 | +7.0% |
| Tangible fixed assets | 22/27 | €331,657 | €354,845 | +€23,188 | +7.0% |
| Land and buildings | 22 | €266,304 | €274,449 | +€8,145 | +3.1% |
| Plant, machinery and equipment | 23 | €35,643 | €55,217 | +€19,574 | +54.9% |
| Furniture and vehicles | 24 | €11,692 | €12,117 | +€425 | +3.6% |
| Leasing and similar rights | 25 | €18,018 | €13,062 | -€4,956 | -27.5% |
| Financial fixed assets | 28 | €607 | €607 | = | 0.0% |
| Current assets | 29/58 | €128,059 | €134,319 | +€6,259 | +4.9% |
| Stocks and contracts in progress | 3 | €3,405 | €3,600 | +€195 | +5.7% |
| Stocks | 30/36 | €3,405 | €3,600 | +€195 | +5.7% |
| Amounts receivable within one year | 40/41 | €59,210 | €69,987 | +€10,777 | +18.2% |
| Trade receivables | 40 | €55,040 | €62,083 | +€7,044 | +12.8% |
| Other amounts receivable | 41 | €4,171 | €7,904 | +€3,733 | +89.5% |
| Cash at bank and in hand | 54/58 | €61,925 | €56,329 | -€5,597 | -9.0% |
| Deferred charges and accrued income | 490/1 | €3,518 | €4,403 | +€884 | +25.1% |
| Total equity and liabilities | 10/49 | €460,323 | €489,770 | +€29,448 | +6.4% |
| Equity | 10/15 | €287,177 | €330,431 | +€43,254 | +15.1% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €200,414 | €243,668 | +€43,254 | +21.6% |
| Distributable reserves | 133 | €200,414 | €243,668 | +€43,254 | +21.6% |
| Amounts payable | 17/49 | €173,145 | €159,339 | -€13,806 | -8.0% |
| Amounts payable after more than one year | 17 | €51,956 | €42,906 | -€9,050 | -17.4% |
| Financial debts | 170/4 | €51,956 | €42,906 | -€9,050 | -17.4% |
| Amounts payable within one year | 42/48 | €121,189 | €115,887 | -€5,303 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €23,438 | €27,459 | +€4,022 | +17.2% |
| Trade debts | 44 | €28,695 | €40,167 | +€11,472 | +40.0% |
| Suppliers | 440/4 | €28,695 | €40,167 | +€11,472 | +40.0% |
| Taxes, remuneration and social security | 45 | €31,591 | €32,576 | +€984 | +3.1% |
| Taxes | 450/3 | €23,253 | €16,874 | -€6,379 | -27.4% |
| Remuneration and social security | 454/9 | €8,339 | €15,702 | +€7,363 | +88.3% |
| Other amounts payable | 47/48 | €37,466 | €15,685 | -€21,781 | -58.1% |
| Accrued charges and deferred income | 492/3 | - | €546 | +€546 | |
| Remuneration, social security and pensions | 62 | €162,244 | €177,608 | +€15,364 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,557 | €26,400 | +€5,842 | +28.4% |
| Other operating charges | 640/8 | €9,382 | €9,425 | +€43 | +0.5% |
| Gross operating margin | 9900 | €269,122 | €278,126 | +€9,003 | +3.3% |
| Operating profit (loss) | 9901 | €76,938 | €64,693 | -€12,245 | -15.9% |
| Financial income | 75/76B | €270 | €459 | +€189 | +69.9% |
| Recurring financial income | 75 | €270 | €459 | +€189 | +69.9% |
| Financial charges | 65/66B | €11,081 | €5,010 | -€6,071 | -54.8% |
| Recurring financial charges | 65 | €11,081 | €5,010 | -€6,071 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | €66,127 | €60,143 | -€5,985 | -9.1% |
| Income taxes | 67/77 | €19,370 | €16,889 | -€2,481 | -12.8% |
| Profit (loss) for the period | 9904 | €46,758 | €43,254 | -€3,504 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,758 | €43,254 | -€3,504 | -7.5% |
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.