Leatex: 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
Leatex
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,926
2024 · €2,372+€7,554
Equity
€99,466
2024 · €89,540+€9,926
Cash
€23,087
2024 · €23,087
Balance sheet total
€2.0m
2024 · €2.0m-€38,889
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Trade debts -€23,730
down €23,730 (-2.4%), from €979,278 to €955,547
Income statement
- Staff costs -€21,103
down €21,103, from €12,989 to -€8,114
- Gross operating margin -€18,713
down €18,713 (-80.1%), from €23,364 to €4,651
- Depreciation -€2,927
down €2,927 (-85.4%), from €3,427 to €500
- Other operating charges -€2,780
down €2,780 (-66.6%), from €4,173 to €1,393
- Taxes +€428
new in 2025: €428
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
€2,372
Gross operating margin
-€18,713
Staff costs
+€21,103
Depreciation
+€2,927
Other operating charges
+€2,780
Financial income
-€374
Financial charges
+€260
Taxes
-€428
Result 2025
€9,926
raises the resultlowers the result
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.
From operations
-€2,954
Investment
+€2,832
Financing
+€122
Cash 2024
€23,087
From operations (derived)
-€2,954
Net result for the year
+€9,926
Depreciation
+€500
Stocks and contracts
+€12,406
Receivables within one year
+€18,152
Deferred charges and accrued income
+€5,000
Trade debts
-€23,730
Tax, wage and social debts
-€9,599
Other debts
-€15,608
Investment (derived)
+€2,832
Investment in fixed assets (net)
+€2,832
Financing
+€122
Short-term financial debts
+€122
Cash 2025
€23,087
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,006,892 | €1,968,003 | -€38,889 | -1.9% |
| Fixed assets | 21/28 | €3,751 | €419 | -€3,332 | -88.8% |
| Tangible fixed assets | 22/27 | €3,751 | €419 | -€3,332 | -88.8% |
| Plant, machinery and equipment | 23 | €919 | €419 | -€500 | -54.4% |
| Furniture and vehicles | 24 | €2,832 | - | -€2,832 | |
| Current assets | 29/58 | €2,003,141 | €1,967,584 | -€35,557 | -1.8% |
| Stocks and contracts in progress | 3 | €747,109 | €734,703 | -€12,406 | -1.7% |
| Stocks | 30/36 | €747,109 | €734,703 | -€12,406 | -1.7% |
| Amounts receivable within one year | 40/41 | €949,636 | €931,484 | -€18,152 | -1.9% |
| Trade receivables | 40 | €887,463 | €869,412 | -€18,051 | -2.0% |
| Other amounts receivable | 41 | €62,173 | €62,072 | -€101 | -0.2% |
| Cash at bank and in hand | 54/58 | €23,087 | €23,087 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €283,309 | €278,309 | -€5,000 | -1.8% |
| Total equity and liabilities | 10/49 | €2,006,892 | €1,968,003 | -€38,889 | -1.9% |
| Equity | 10/15 | €89,540 | €99,466 | +€9,926 | +11.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €81,264 | €81,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €79,405 | €79,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,315 | -€389 | +€9,926 | +96.2% |
| Amounts payable | 17/49 | €1,917,352 | €1,868,537 | -€48,815 | -2.5% |
| Amounts payable within one year | 42/48 | €1,917,352 | €1,868,537 | -€48,815 | -2.5% |
| Financial debts | 43 | €829 | €951 | +€122 | +14.7% |
| Credit institutions | 430/8 | €829 | €951 | +€122 | +14.7% |
| Trade debts | 44 | €979,278 | €955,547 | -€23,730 | -2.4% |
| Suppliers | 440/4 | €979,278 | €955,547 | -€23,730 | -2.4% |
| Taxes, remuneration and social security | 45 | €44,351 | €34,752 | -€9,599 | -21.6% |
| Remuneration and social security | 454/9 | €44,351 | €34,752 | -€9,599 | -21.6% |
| Other amounts payable | 47/48 | €892,895 | €877,287 | -€15,608 | -1.7% |
| Remuneration, social security and pensions | 62 | €12,989 | -€8,114 | -€21,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,427 | €500 | -€2,927 | -85.4% |
| Other operating charges | 640/8 | €4,173 | €1,393 | -€2,780 | -66.6% |
| Gross operating margin | 9900 | €23,364 | €4,651 | -€18,713 | -80.1% |
| Operating profit (loss) | 9901 | €2,776 | €10,872 | +€8,096 | +292% |
| Financial income | 75/76B | €374 | - | -€374 | |
| Recurring financial income | 75 | €374 | - | -€374 | |
| Financial charges | 65/66B | €778 | €518 | -€260 | -33.4% |
| Recurring financial charges | 65 | €778 | €518 | -€260 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €2,372 | €10,354 | +€7,982 | +336% |
| Income taxes | 67/77 | - | €428 | +€428 | |
| Profit (loss) for the period | 9904 | €2,372 | €9,926 | +€7,554 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €2,372 | €9,926 | +€7,554 | +318% |
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 27 October 2026 via checked.be.