LEOPACK: what changed
LEOPACK
Largest movements
- Financial fixed assets +€437,727
up €437,727 (+11.4%), from €3.9m to €4.3m
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Cash +€124,616
up €124,616 (+62.7%), from €198,779 to €323,395
mainly Net result for the year (+€458,118) and Current investments (+€250,000)
- Reserves +€158,119
up €158,119 (+12.1%), from €1.3m to €1.5m
of which Distributable reserves: +€135,213
- Other debts +€150,190
new in 2025: €150,190
- Financial income -€25,434
down €25,434 (-7.0%), from €365,861 to €340,427
- Gross operating margin +€9,009
up €9,009 (+6.4%), from €140,161 to €149,170
- Taxes -€8,993
down €8,993 (-23.2%), from €38,772 to €29,779
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,418,758 | €4,689,442 | +€270,684 | +6.1% |
| Fixed assets | 21/28 | €3,850,561 | €4,288,288 | +€437,727 | +11.4% |
| Financial fixed assets | 28 | €3,850,561 | €4,288,288 | +€437,727 | +11.4% |
| Current assets | 29/58 | €568,197 | €401,154 | -€167,043 | -29.4% |
| Amounts receivable within one year | 40/41 | €118,889 | €77,759 | -€41,130 | -34.6% |
| Trade receivables | 40 | €118,889 | €77,759 | -€41,130 | -34.6% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €198,779 | €323,395 | +€124,616 | +62.7% |
| Deferred charges and accrued income | 490/1 | €529 | - | -€529 | |
| Total equity and liabilities | 10/49 | €4,418,758 | €4,689,442 | +€270,684 | +6.1% |
| Equity | 10/15 | €4,309,703 | €4,467,822 | +€158,119 | +3.7% |
| Contributions | 10/11 | €3,005,000 | €3,005,000 | = | 0.0% |
| Capital | 10 | €3,005,000 | €3,005,000 | = | 0.0% |
| Issued capital | 100 | €3,005,000 | €3,005,000 | = | 0.0% |
| Reserves | 13 | €1,304,703 | €1,462,822 | +€158,119 | +12.1% |
| Non-distributable reserves | 130/1 | €85,557 | €108,463 | +€22,906 | +26.8% |
| Legal reserve | 130 | €85,557 | €108,463 | +€22,906 | +26.8% |
| Distributable reserves | 133 | €1,219,146 | €1,354,359 | +€135,213 | +11.1% |
| Amounts payable | 17/49 | €109,055 | €221,620 | +€112,565 | +103% |
| Amounts payable within one year | 42/48 | €109,055 | €221,620 | +€112,565 | +103% |
| Trade debts | 44 | €101,780 | €63,595 | -€38,185 | -37.5% |
| Suppliers | 440/4 | €101,780 | €63,595 | -€38,185 | -37.5% |
| Taxes, remuneration and social security | 45 | €7,275 | €7,835 | +€560 | +7.7% |
| Taxes | 450/3 | €7,275 | €7,835 | +€560 | +7.7% |
| Other amounts payable | 47/48 | - | €150,190 | +€150,190 | |
| Other operating charges | 640/8 | €2,358 | €1,230 | -€1,128 | -47.8% |
| Gross operating margin | 9900 | €140,161 | €149,170 | +€9,009 | +6.4% |
| Operating profit (loss) | 9901 | €137,803 | €147,940 | +€10,137 | +7.4% |
| Financial income | 75/76B | €365,861 | €340,427 | -€25,434 | -7.0% |
| Recurring financial income | 75 | €365,861 | €340,427 | -€25,434 | -7.0% |
| Financial charges | 65/66B | €1,071 | €470 | -€601 | -56.1% |
| Recurring financial charges | 65 | €1,071 | €470 | -€601 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €502,593 | €487,897 | -€14,696 | -2.9% |
| Income taxes | 67/77 | €38,772 | €29,779 | -€8,993 | -23.2% |
| Profit (loss) for the period | 9904 | €463,821 | €458,118 | -€5,703 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €463,821 | €458,118 | -€5,703 | -1.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.