L.E.O.N.: 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.
L.E.O.N.
Largest movements
- Cash +€41,575
up €41,575 (+44.5%), from €93,458 to €135,033
mainly Other debts (+€72,214) and Net result for the year (+€55,774)
- Tangible fixed assets +€30,173
up €30,173 (+34.0%), from €88,634 to €118,807
of which Furniture and vehicles: +€30,143
- Receivables within one year +€6,005
up €6,005 (+36.3%), from €16,545 to €22,550
of which Other amounts receivable: +€6,005
- Other debts +€72,214
up €72,214 (+17,929%), from €403 to €72,617
- Reserves -€21,807
down €21,807 (-14.6%), from €149,445 to €127,637
- Debts after one year +€19,697
up €19,697 (+719%), from €2,741 to €22,438
of which Financial debts: +€19,697
- Tax, wage and social debts +€10,499
up €10,499 (+179%), from €5,877 to €16,376
of which Taxes: +€10,344
- Gross operating margin +€85,593
up €85,593 (+55.3%), from €154,818 to €240,411
- Staff costs +€22,177
up €22,177 (+21.8%), from €101,824 to €124,001
- Taxes +€17,127
up €17,127 (+317%), from €5,408 to €22,536
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 | €208,048 | €288,627 | +€80,579 | +38.7% |
| Fixed assets | 21/28 | €88,884 | €119,057 | +€30,173 | +33.9% |
| Intangible fixed assets | 21 | €250 | €250 | = | 0.0% |
| Tangible fixed assets | 22/27 | €88,634 | €118,807 | +€30,173 | +34.0% |
| Land and buildings | 22 | €67,813 | €50,860 | -€16,953 | -25.0% |
| Plant, machinery and equipment | 23 | €13,221 | €30,206 | +€16,984 | +128% |
| Furniture and vehicles | 24 | €7,599 | €37,742 | +€30,143 | +397% |
| Current assets | 29/58 | €119,164 | €169,570 | +€50,405 | +42.3% |
| Stocks and contracts in progress | 3 | €7,590 | €10,260 | +€2,670 | +35.2% |
| Stocks | 30/36 | €7,590 | €10,260 | +€2,670 | +35.2% |
| Amounts receivable within one year | 40/41 | €16,545 | €22,550 | +€6,005 | +36.3% |
| Trade receivables | 40 | €2,233 | €2,233 | = | 0.0% |
| Other amounts receivable | 41 | €14,312 | €20,317 | +€6,005 | +42.0% |
| Cash at bank and in hand | 54/58 | €93,458 | €135,033 | +€41,575 | +44.5% |
| Deferred charges and accrued income | 490/1 | €1,572 | €1,727 | +€155 | +9.9% |
| Total equity and liabilities | 10/49 | €208,048 | €288,627 | +€80,579 | +38.7% |
| Equity | 10/15 | €169,445 | €147,637 | -€21,807 | -12.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €149,445 | €127,637 | -€21,807 | -14.6% |
| Distributable reserves | 133 | €149,445 | €127,637 | -€21,807 | -14.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,603 | €140,989 | +€102,386 | +265% |
| Amounts payable after more than one year | 17 | €2,741 | €22,438 | +€19,697 | +719% |
| Financial debts | 170/4 | €0 | €19,697 | +€19,697 | |
| Other amounts payable | 178/9 | €2,741 | €2,741 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,862 | €118,551 | +€82,689 | +231% |
| Current portion of amounts payable after more than one year | 42 | €5,428 | €6,505 | +€1,077 | +19.8% |
| Trade debts | 44 | €24,155 | €23,054 | -€1,101 | -4.6% |
| Suppliers | 440/4 | €24,155 | €23,054 | -€1,101 | -4.6% |
| Taxes, remuneration and social security | 45 | €5,877 | €16,376 | +€10,499 | +179% |
| Taxes | 450/3 | €469 | €10,813 | +€10,344 | +2,205% |
| Remuneration and social security | 454/9 | €5,408 | €5,562 | +€154 | +2.9% |
| Other amounts payable | 47/48 | €403 | €72,617 | +€72,214 | +17,929% |
| Non-recurring operating income | 76A | - | €1,602 | +€1,602 | |
| Remuneration, social security and pensions | 62 | €101,824 | €124,001 | +€22,177 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,892 | €28,898 | -€994 | -3.3% |
| Other operating charges | 640/8 | €7,282 | €7,512 | +€230 | +3.2% |
| Gross operating margin | 9900 | €154,818 | €240,411 | +€85,593 | +55.3% |
| Operating profit (loss) | 9901 | €15,820 | €80,001 | +€64,181 | +406% |
| Financial income | 75/76B | €78 | €98 | +€20 | +26.1% |
| Recurring financial income | 75 | €78 | €98 | +€20 | +26.1% |
| Financial charges | 65/66B | €1,990 | €1,789 | -€201 | -10.1% |
| Recurring financial charges | 65 | €1,990 | €1,789 | -€201 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €13,908 | €78,310 | +€64,402 | +463% |
| Income taxes | 67/77 | €5,408 | €22,536 | +€17,127 | +317% |
| Profit (loss) for the period | 9904 | €8,499 | €55,774 | +€47,275 | +556% |
| Profit (loss) for the period to be appropriated | 9905 | €8,499 | €55,774 | +€47,275 | +556% |
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 20 October 2026 via checked.be.