LESLIE H: 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.
LESLIE H
Largest movements
- Stocks and contracts -€4,984
down €4,984 (-35.3%), from €14,110 to €9,126
- Receivables within one year +€1,195
new in 2025: €1,195
- Tangible fixed assets -€1,143
down €1,143 (-18.4%), from €6,225 to €5,082
of which Other tangible fixed assets: -€1,065
- Cash -€518
down €518 (-35.2%), from €1,473 to €955
mainly Debts after one year (-€11,443) and Receivables within one year (-€1,195)
- Deferred charges and accrued income -€289
down €289 (-76.2%), from €379 to €90
- Debts after one year -€11,443
down €11,443 (-40.5%), from €28,254 to €16,811
- Profit (loss) carried forward +€4,884
up €4,884 (+15.0%), from -€32,519 to -€27,635
- Tax, wage and social debts +€835
up €835 (+78.5%), from €1,064 to €1,899
- Gross operating margin -€2,048
down €2,048 (-22.5%), from €9,103 to €7,056
- Depreciation -€1,989
down €1,989 (-57.1%), from €3,484 to €1,494
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 | €22,687 | €16,948 | -€5,739 | -25.3% |
| Fixed assets | 21/28 | €6,725 | €5,582 | -€1,143 | -17.0% |
| Tangible fixed assets | 22/27 | €6,225 | €5,082 | -€1,143 | -18.4% |
| Plant, machinery and equipment | 23 | €366 | €214 | -€151 | -41.4% |
| Furniture and vehicles | 24 | €531 | €605 | +€74 | +13.9% |
| Other tangible fixed assets | 26 | €5,328 | €4,263 | -€1,065 | -20.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €15,962 | €11,366 | -€4,596 | -28.8% |
| Stocks and contracts in progress | 3 | €14,110 | €9,126 | -€4,984 | -35.3% |
| Stocks | 30/36 | €14,110 | €9,126 | -€4,984 | -35.3% |
| Amounts receivable within one year | 40/41 | - | €1,195 | +€1,195 | |
| Trade receivables | 40 | - | €1,195 | +€1,195 | |
| Cash at bank and in hand | 54/58 | €1,473 | €955 | -€518 | -35.2% |
| Deferred charges and accrued income | 490/1 | €379 | €90 | -€289 | -76.2% |
| Total equity and liabilities | 10/49 | €22,687 | €16,948 | -€5,739 | -25.3% |
| Equity | 10/15 | -€7,519 | -€2,635 | +€4,884 | +65.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,519 | -€27,635 | +€4,884 | +15.0% |
| Amounts payable | 17/49 | €30,206 | €19,583 | -€10,623 | -35.2% |
| Amounts payable after more than one year | 17 | €28,254 | €16,811 | -€11,443 | -40.5% |
| Financial debts | 170/4 | €28,254 | €16,811 | -€11,443 | -40.5% |
| Amounts payable within one year | 42/48 | €1,952 | €2,772 | +€820 | +42.0% |
| Trade debts | 44 | €888 | €873 | -€15 | -1.7% |
| Suppliers | 440/4 | €888 | €873 | -€15 | -1.7% |
| Taxes, remuneration and social security | 45 | €1,064 | €1,899 | +€835 | +78.5% |
| Taxes | 450/3 | €1,064 | €1,899 | +€835 | +78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,484 | €1,494 | -€1,989 | -57.1% |
| Other operating charges | 640/8 | €529 | €542 | +€12 | +2.3% |
| Gross operating margin | 9900 | €9,103 | €7,056 | -€2,048 | -22.5% |
| Operating profit (loss) | 9901 | €5,090 | €5,019 | -€71 | -1.4% |
| Financial income | 75/76B | €8 | €0 | -€7 | -98.7% |
| Recurring financial income | 75 | €8 | €0 | -€7 | -98.7% |
| Financial charges | 65/66B | €219 | €135 | -€84 | -38.4% |
| Recurring financial charges | 65 | €219 | €135 | -€84 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €4,879 | €4,884 | +€6 | +0.1% |
| Profit (loss) for the period | 9904 | €4,879 | €4,884 | +€6 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,879 | €4,884 | +€6 | +0.1% |
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 21 October 2026 via checked.be.