Leybo-Construct: what changed
Two fiscal 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.
Leybo-Construct
Largest movements
- Stocks and contracts +€300,283
new in 2025: €300,283
- Tangible fixed assets -€35,807
down €35,807 (-18.3%), from €195,482 to €159,675
of which Furniture and vehicles: -€31,868
- Receivables within one year -€21,083
down €21,083 (-6.9%), from €305,541 to €284,458
of which Trade receivables: -€17,602
- Financial fixed assets -€15,000
down €15,000 (-82.9%), from €18,100 to €3,100
- Deferred charges and accrued income -€9,683
down €9,683 (-86.8%), from €11,156 to €1,473
- Short-term financial debts +€169,500
new in 2025: €169,500
- Other debts +€106,556
up €106,556 (+67.6%), from €157,516 to €264,072
- Debts after one year -€39,660
down €39,660 (-30.0%), from €132,242 to €92,582
- Trade debts -€23,323
down €23,323 (-95.2%), from €24,488 to €1,164
- Tax, wage and social debts +€8,831
up €8,831, from €0 to €8,831
of which Taxes: +€8,831
- Gross operating margin +€26,418
up €26,418 (+104.0%), from €25,404 to €51,822
- Depreciation +€17,014
up €17,014 (+66.3%), from €25,652 to €42,665
- Financial charges +€2,446
up €2,446 (+44.2%), from €5,531 to €7,977
- Taxes +€1,690
up €1,690 (+2430.4%), from €70 to €1,760
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,652 | €759,480 | +€221,828 | +41.3% |
| Fixed assets | 21/28 | €213,582 | €162,775 | -€50,807 | -23.8% |
| Tangible fixed assets | 22/27 | €195,482 | €159,675 | -€35,807 | -18.3% |
| Furniture and vehicles | 24 | €160,555 | €128,687 | -€31,868 | -19.8% |
| Other tangible fixed assets | 26 | €34,927 | €30,988 | -€3,939 | -11.3% |
| Financial fixed assets | 28 | €18,100 | €3,100 | -€15,000 | -82.9% |
| Current assets | 29/58 | €324,069 | €596,705 | +€272,635 | +84.1% |
| Stocks and contracts in progress | 3 | - | €300,283 | +€300,283 | |
| Stocks | 30/36 | - | €300,283 | +€300,283 | |
| Amounts receivable within one year | 40/41 | €305,541 | €284,458 | -€21,083 | -6.9% |
| Trade receivables | 40 | €230,763 | €213,160 | -€17,602 | -7.6% |
| Other amounts receivable | 41 | €74,779 | €71,298 | -€3,481 | -4.7% |
| Cash at bank and in hand | 54/58 | €7,372 | €10,490 | +€3,118 | +42.3% |
| Deferred charges and accrued income | 490/1 | €11,156 | €1,473 | -€9,683 | -86.8% |
| Total equity and liabilities | 10/49 | €537,652 | €759,480 | +€221,828 | +41.3% |
| Equity | 10/15 | €184,908 | €183,414 | -€1,494 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,863 | €172,863 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €154,113 | €154,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,555 | -€8,049 | -€1,494 | -22.8% |
| Amounts payable | 17/49 | €352,744 | €576,066 | +€223,323 | +63.3% |
| Amounts payable after more than one year | 17 | €132,242 | €92,582 | -€39,660 | -30.0% |
| Financial debts | 170/4 | €132,242 | €92,582 | -€39,660 | -30.0% |
| Amounts payable within one year | 42/48 | €220,179 | €483,227 | +€263,048 | +119.5% |
| Current portion of amounts payable after more than one year | 42 | €38,176 | €39,660 | +€1,484 | +3.9% |
| Financial debts | 43 | - | €169,500 | +€169,500 | |
| Credit institutions | 430/8 | - | €169,500 | +€169,500 | |
| Trade debts | 44 | €24,488 | €1,164 | -€23,323 | -95.2% |
| Suppliers | 440/4 | €24,488 | €1,164 | -€23,323 | -95.2% |
| Taxes, remuneration and social security | 45 | €0 | €8,831 | +€8,831 | |
| Taxes | 450/3 | €0 | €8,831 | +€8,831 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €157,516 | €264,072 | +€106,556 | +67.6% |
| Accrued charges and deferred income | 492/3 | €323 | €257 | -€66 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,652 | €42,665 | +€17,014 | +66.3% |
| Other operating charges | 640/8 | €915 | €943 | +€28 | +3.1% |
| Gross operating margin | 9900 | €25,404 | €51,822 | +€26,418 | +104.0% |
| Operating profit (loss) | 9901 | -€1,162 | €8,213 | +€9,375 | |
| Financial income | 75/76B | €207 | €29 | -€178 | -85.9% |
| Recurring financial income | 75 | €207 | €29 | -€178 | -85.9% |
| Financial charges | 65/66B | €5,531 | €7,977 | +€2,446 | +44.2% |
| Recurring financial charges | 65 | €5,531 | €7,977 | +€2,446 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,485 | €266 | +€6,751 | |
| Income taxes | 67/77 | €70 | €1,760 | +€1,690 | +2430.4% |
| Profit (loss) for the period | 9904 | -€6,555 | -€1,494 | +€5,061 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,555 | -€1,494 | +€5,061 | +77.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.