CHEZ LEO: 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.
CHEZ LEO
Largest movements
- Receivables within one year +€21,528
up €21,528 (+92.1%), from €23,372 to €44,899
of which Other amounts receivable: +€21,545
- Cash -€9,699
down €9,699 (-38.1%), from €25,432 to €15,733
mainly Receivables within one year (-€21,528) and Debts after one year (-€19,024)
- Reserves +€20,304
up €20,304 (+63.4%), from €32,006 to €52,309
of which Distributable reserves: +€20,304
- Debts after one year -€19,024
down €19,024 (-28.0%), from €67,856 to €48,832
- Current portion of long-term debt +€4,294
up €4,294 (+18.2%), from €23,655 to €27,949
- Trade debts +€3,281
up €3,281 (+14.3%), from €22,888 to €26,169
- Tax, wage and social debts +€2,111
up €2,111 (+11.1%), from €19,016 to €21,127
- Gross operating margin -€5,345
down €5,345 (-10.2%), from €52,224 to €46,879
- Taxes -€3,454
down €3,454 (-29.2%), from €11,827 to €8,373
- Depreciation +€2,015
up €2,015 (+34.6%), from €5,830 to €7,844
- Financial charges -€1,519
down €1,519 (-14.2%), from €10,705 to €9,187
- Financial income +€1,276
up €1,276 (+295%), from €432 to €1,708
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 | €199,256 | €210,222 | +€10,966 | +5.5% |
| Fixed assets | 21/28 | €148,339 | €147,174 | -€1,166 | -0.8% |
| Tangible fixed assets | 22/27 | €148,339 | €147,174 | -€1,166 | -0.8% |
| Land and buildings | 22 | €95,000 | €95,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €52,768 | €52,016 | -€752 | -1.4% |
| Furniture and vehicles | 24 | €571 | €158 | -€413 | -72.3% |
| Current assets | 29/58 | €50,917 | €63,048 | +€12,132 | +23.8% |
| Stocks and contracts in progress | 3 | €422 | €428 | +€6 | +1.4% |
| Stocks | 30/36 | €422 | €428 | +€6 | +1.4% |
| Amounts receivable within one year | 40/41 | €23,372 | €44,899 | +€21,528 | +92.1% |
| Trade receivables | 40 | €17 | - | -€17 | |
| Other amounts receivable | 41 | €23,355 | €44,899 | +€21,545 | +92.2% |
| Cash at bank and in hand | 54/58 | €25,432 | €15,733 | -€9,699 | -38.1% |
| Deferred charges and accrued income | 490/1 | €1,691 | €1,988 | +€297 | +17.6% |
| Total equity and liabilities | 10/49 | €199,256 | €210,222 | +€10,966 | +5.5% |
| Equity | 10/15 | €65,841 | €86,145 | +€20,304 | +30.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €32,006 | €52,309 | +€20,304 | +63.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,950 | €7,950 | = | 0.0% |
| Distributable reserves | 133 | €22,196 | €42,499 | +€20,304 | +91.5% |
| Profit (loss) carried forward | 14 | €21,435 | €21,435 | = | 0.0% |
| Amounts payable | 17/49 | €133,415 | €124,077 | -€9,337 | -7.0% |
| Amounts payable after more than one year | 17 | €67,856 | €48,832 | -€19,024 | -28.0% |
| Financial debts | 170/4 | €67,856 | €48,832 | -€19,024 | -28.0% |
| Amounts payable within one year | 42/48 | €65,559 | €75,246 | +€9,687 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €23,655 | €27,949 | +€4,294 | +18.2% |
| Trade debts | 44 | €22,888 | €26,169 | +€3,281 | +14.3% |
| Suppliers | 440/4 | €22,888 | €26,169 | +€3,281 | +14.3% |
| Taxes, remuneration and social security | 45 | €19,016 | €21,127 | +€2,111 | +11.1% |
| Taxes | 450/3 | €19,016 | €21,127 | +€2,111 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,830 | €7,844 | +€2,015 | +34.6% |
| Other operating charges | 640/8 | €2,098 | €2,879 | +€781 | +37.2% |
| Gross operating margin | 9900 | €52,224 | €46,879 | -€5,345 | -10.2% |
| Operating profit (loss) | 9901 | €44,296 | €36,155 | -€8,141 | -18.4% |
| Financial income | 75/76B | €432 | €1,708 | +€1,276 | +295% |
| Recurring financial income | 75 | €432 | €1,708 | +€1,276 | +295% |
| Financial charges | 65/66B | €10,705 | €9,187 | -€1,519 | -14.2% |
| Recurring financial charges | 65 | €10,705 | €9,187 | -€1,519 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €34,023 | €28,676 | -€5,346 | -15.7% |
| Income taxes | 67/77 | €11,827 | €8,373 | -€3,454 | -29.2% |
| Profit (loss) for the period | 9904 | €22,196 | €20,304 | -€1,892 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,196 | €20,304 | -€1,892 | -8.5% |
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 21 October 2026 via checked.be.