Leslie Totté: 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 Totté
Largest movements
- Receivables within one year +€100,784
up €100,784 (+106%), from €95,502 to €196,285
of which Other amounts receivable: +€95,006
- Tangible fixed assets -€19,144
down €19,144 (-100%), from €19,144 to €0
- Cash +€4,318
up €4,318 (+4.0%), from €107,783 to €112,101
mainly Other debts (+€200,000) and Net result for the year (+€101,923)
- Other debts +€200,000
new in 2025: €200,000
- Profit (loss) carried forward -€98,077
down €98,077 (-58.8%), from €166,689 to €68,612
- Debts after one year -€9,611
down €9,611 (-51.1%), from €18,817 to €9,206
- Trade debts -€8,231
down €8,231 (-70.7%), from €11,635 to €3,404
- Gross operating margin +€71,375
up €71,375 (+93.0%), from €76,775 to €148,149
- Taxes +€18,145
up €18,145 (+147%), from €12,312 to €30,456
- Depreciation -€5,304
down €5,304 (-21.7%), from €24,448 to €19,144
- Financial income +€3,065
up €3,065 (+72.8%), from €4,210 to €7,275
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 | €223,564 | €309,833 | +€86,269 | +38.6% |
| Fixed assets | 21/28 | €20,144 | €1,446 | -€18,698 | -92.8% |
| Tangible fixed assets | 22/27 | €19,144 | €0 | -€19,144 | -100% |
| Furniture and vehicles | 24 | €19,144 | €0 | -€19,144 | -100% |
| Financial fixed assets | 28 | €1,000 | €1,446 | +€446 | +44.6% |
| Current assets | 29/58 | €203,420 | €308,387 | +€104,967 | +51.6% |
| Amounts receivable within one year | 40/41 | €95,502 | €196,285 | +€100,784 | +106% |
| Trade receivables | 40 | €21,920 | €27,698 | +€5,778 | +26.4% |
| Other amounts receivable | 41 | €73,582 | €168,587 | +€95,006 | +129% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €107,783 | €112,101 | +€4,318 | +4.0% |
| Deferred charges and accrued income | 490/1 | €135 | €0 | -€135 | -100% |
| Total equity and liabilities | 10/49 | €223,564 | €309,833 | +€86,269 | +38.6% |
| Equity | 10/15 | €167,689 | €69,612 | -€98,077 | -58.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,689 | €68,612 | -€98,077 | -58.8% |
| Amounts payable | 17/49 | €55,875 | €240,221 | +€184,346 | +330% |
| Amounts payable after more than one year | 17 | €18,817 | €9,206 | -€9,611 | -51.1% |
| Financial debts | 170/4 | €18,817 | €9,206 | -€9,611 | -51.1% |
| Amounts payable within one year | 42/48 | €37,058 | €231,015 | +€193,957 | +523% |
| Current portion of amounts payable after more than one year | 42 | €10,227 | €9,611 | -€616 | -6.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,635 | €3,404 | -€8,231 | -70.7% |
| Suppliers | 440/4 | €11,635 | €3,404 | -€8,231 | -70.7% |
| Taxes, remuneration and social security | 45 | €15,195 | €18,000 | +€2,805 | +18.5% |
| Taxes | 450/3 | €15,195 | €18,000 | +€2,805 | +18.5% |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,448 | €19,144 | -€5,304 | -21.7% |
| Other operating charges | 640/8 | €1,862 | €1,942 | +€80 | +4.3% |
| Gross operating margin | 9900 | €76,775 | €148,149 | +€71,375 | +93.0% |
| Operating profit (loss) | 9901 | €50,464 | €127,063 | +€76,598 | +152% |
| Financial income | 75/76B | €4,210 | €7,275 | +€3,065 | +72.8% |
| Recurring financial income | 75 | €4,210 | €7,275 | +€3,065 | +72.8% |
| Financial charges | 65/66B | €1,822 | €1,959 | +€137 | +7.5% |
| Recurring financial charges | 65 | €1,822 | €1,959 | +€137 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €52,852 | €132,379 | +€79,527 | +150% |
| Income taxes | 67/77 | €12,312 | €30,456 | +€18,145 | +147% |
| Profit (loss) for the period | 9904 | €40,541 | €101,923 | +€61,382 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €40,541 | €101,923 | +€61,382 | +151% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.