LEUCO: 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.
What changed
LEUCO
NACE 46.620, Wholesale of machine tools
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,530
2024 · €42,445-€35,915
Equity
€1.0m
2024 · €1.0m+€6,530
Cash
€155,578
2024 · €288,658-€133,080
Balance sheet total
€1.7m
2024 · €1.8m-€91,161
Largest movements
Assets
- Cash -€133,080
down €133,080 (-46.1%), from €288,658 to €155,578
mainly Investment in fixed assets (net) (-€134,952) and Stocks and contracts (-€67,958)
- Stocks and contracts +€67,958
up €67,958 (+23.6%), from €287,981 to €355,939
- Deferred charges and accrued income -€22,435
down €22,435 (-35.6%), from €62,940 to €40,505
Equity and liabilities
- Tax, wage and social debts -€54,858
down €54,858 (-18.9%), from €289,501 to €234,643
of which Taxes: -€51,518
- Other debts -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Trade debts -€27,400
down €27,400 (-16.0%), from €171,560 to €144,160
- Debts after one year +€27,143
up €27,143 (+27.2%), from €99,759 to €126,902
Income statement
- Goods and materials -€291,672
down €291,672 (-12.3%), from €2.4m to €2.1m
of which Purchases: -€262,513
- Turnover -€227,516
down €227,516 (-4.2%), from €5.4m to €5.1m
- Staff costs +€89,097
up €89,097 (+5.4%), from €1.6m to €1.7m
- Services and other goods +€77,332
up €77,332 (+6.5%), from €1.2m to €1.3m
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.
Result 2024
€42,445
Turnover
-€227,516
Other operating income
+€7,976
Goods and materials
+€291,672
Services and other goods
-€77,332
Staff costs
-€89,097
Depreciation
-€5,674
Write-downs
+€49,495
Provisions
-€7,735
Other operating charges
+€1,613
Financial income
-€709
Financial charges
+€8,450
Taxes
+€12,940
Result 2025
€6,530
Cash bridge derived
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.
From operations
-€13,966
Investment
-€134,952
Financing
+€15,837
Cash 2024
€288,658
From operations (derived)
-€13,966
Net result for the year
+€6,530
Depreciation
+€134,809
Stocks and contracts
-€67,958
Receivables within one year
+€3,747
Deferred charges and accrued income
+€22,435
Provisions
+€1,303
Trade debts
-€27,400
Tax, wage and social debts
-€54,858
Other debts
-€40,000
Accrued charges and deferred income
+€7,428
Investment (derived)
-€134,952
Investment in fixed assets (net)
-€134,952
Financing
+€15,837
Debts after one year
+€27,143
Current portion of long-term debt
-€11,181
Short-term financial debts
-€124
Cash 2025
€155,578
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,796,909 | €1,705,749 | -€91,161 | -5.1% |
| Fixed assets | 21/28 | €283,317 | €283,460 | +€143 | +0.1% |
| Intangible fixed assets | 21 | €15,313 | €22,782 | +€7,469 | +48.8% |
| Tangible fixed assets | 22/27 | €267,967 | €260,641 | -€7,326 | -2.7% |
| Plant, machinery and equipment | 23 | €193,110 | €166,156 | -€26,954 | -14.0% |
| Furniture and vehicles | 24 | €30,034 | €62,511 | +€32,477 | +108.1% |
| Other tangible fixed assets | 26 | €44,823 | €31,974 | -€12,849 | -28.7% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Other financial fixed assets | 284/8 | €37 | €37 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €1,513,593 | €1,422,289 | -€91,304 | -6.0% |
| Stocks and contracts in progress | 3 | €287,981 | €355,939 | +€67,958 | +23.6% |
| Stocks | 30/36 | €287,981 | €355,939 | +€67,958 | +23.6% |
| Raw materials and consumables | 30/31 | €96,269 | €139,625 | +€43,356 | +45.0% |
| Goods purchased for resale | 34 | €191,712 | €216,314 | +€24,602 | +12.8% |
| Amounts receivable within one year | 40/41 | €874,014 | €870,267 | -€3,747 | -0.4% |
| Trade receivables | 40 | €858,290 | €866,041 | +€7,751 | +0.9% |
| Other amounts receivable | 41 | €15,724 | €4,226 | -€11,497 | -73.1% |
| Cash at bank and in hand | 54/58 | €288,658 | €155,578 | -€133,080 | -46.1% |
| Deferred charges and accrued income | 490/1 | €62,940 | €40,505 | -€22,435 | -35.6% |
| Total equity and liabilities | 10/49 | €1,796,909 | €1,705,749 | -€91,161 | -5.1% |
| Equity | 10/15 | €1,029,529 | €1,036,059 | +€6,530 | +0.6% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €86,738 | €86,738 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €80,000 | €80,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,738 | €6,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,792 | €149,322 | +€6,530 | +4.6% |
| Provisions and deferred taxes | 16 | €34,601 | €35,904 | +€1,303 | +3.8% |
| Provisions for liabilities and charges | 160/5 | €34,601 | €35,904 | +€1,303 | +3.8% |
| Pensions and similar obligations | 160 | €7,091 | €8,394 | +€1,303 | +18.4% |
| Other liabilities and charges | 164/5 | €27,510 | €27,510 | = | 0.0% |
| Amounts payable | 17/49 | €732,779 | €633,786 | -€98,993 | -13.5% |
| Amounts payable after more than one year | 17 | €99,759 | €126,902 | +€27,143 | +27.2% |
| Financial debts | 170/4 | €99,759 | €126,902 | +€27,143 | +27.2% |
| Credit institutions | 173 | €99,759 | €126,902 | +€27,143 | +27.2% |
| Amounts payable within one year | 42/48 | €624,220 | €490,655 | -€133,564 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €92,842 | €81,661 | -€11,181 | -12.0% |
| Financial debts | 43 | €30,317 | €30,192 | -€124 | -0.4% |
| Credit institutions | 430/8 | €30,317 | €30,192 | -€124 | -0.4% |
| Trade debts | 44 | €171,560 | €144,160 | -€27,400 | -16.0% |
| Suppliers | 440/4 | €171,560 | €144,160 | -€27,400 | -16.0% |
| Taxes, remuneration and social security | 45 | €289,501 | €234,643 | -€54,858 | -18.9% |
| Taxes | 450/3 | €89,212 | €37,695 | -€51,518 | -57.7% |
| Remuneration and social security | 454/9 | €200,289 | €196,948 | -€3,341 | -1.7% |
| Other amounts payable | 47/48 | €40,000 | €0 | -€40,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €8,801 | €16,229 | +€7,428 | +84.4% |
| Operating income | 70/76A | €5,419,862 | €5,200,322 | -€219,540 | -4.1% |
| Turnover | 70 | €5,372,792 | €5,145,276 | -€227,516 | -4.2% |
| Other operating income | 74 | €47,070 | €55,046 | +€7,976 | +16.9% |
| Operating charges | 60/66A | €5,339,876 | €5,176,933 | -€162,943 | -3.1% |
| Goods for resale, raw materials and consumables | 60 | €2,368,611 | €2,076,939 | -€291,672 | -12.3% |
| Purchases | 600/8 | €2,363,971 | €2,101,458 | -€262,513 | -11.1% |
| Change in stocks: decrease (increase) | 609 | €4,640 | -€24,519 | -€29,160 | |
| Services and other goods | 61 | €1,197,495 | €1,274,826 | +€77,332 | +6.5% |
| Remuneration, social security and pensions | 62 | €1,638,476 | €1,727,574 | +€89,097 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,135 | €134,809 | +€5,674 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,901 | -€45,594 | -€49,495 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,432 | €1,303 | +€7,735 | |
| Other operating charges | 640/8 | €8,691 | €7,078 | -€1,613 | -18.6% |
| Operating profit (loss) | 9901 | €79,986 | €23,389 | -€56,597 | -70.8% |
| Financial income | 75/76B | €79,384 | €78,675 | -€709 | -0.9% |
| Recurring financial income | 75 | €79,384 | €78,675 | -€709 | -0.9% |
| Other financial income | 752/9 | €79,384 | €78,675 | -€709 | -0.9% |
| Financial charges | 65/66B | €82,258 | €73,807 | -€8,450 | -10.3% |
| Recurring financial charges | 65 | €82,258 | €73,807 | -€8,450 | -10.3% |
| Debt charges | 650 | €17,047 | €16,928 | -€119 | -0.7% |
| Other financial charges | 652/9 | €65,211 | €56,880 | -€8,331 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €77,112 | €28,257 | -€48,855 | -63.4% |
| Income taxes | 67/77 | €34,667 | €21,727 | -€12,940 | -37.3% |
| Taxes | 670/3 | €34,667 | €21,727 | -€12,940 | -37.3% |
| Profit (loss) for the period | 9904 | €42,445 | €6,530 | -€35,915 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,445 | €6,530 | -€35,915 | -84.6% |
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 9 October 2026 via checked.be.