LEANCO: 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.
LEANCO
Largest movements
- Receivables within one year -€91,385
down €91,385 (-44.8%), from €204,083 to €112,698
of which Trade receivables: -€57,506
- Tangible fixed assets +€38,765
up €38,765 (+5.9%), from €660,169 to €698,934
of which Land and buildings: +€41,141
- Current investments -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Reserves -€128,212
down €128,212 (-38.2%), from €335,258 to €207,046
of which Distributable reserves: -€126,160
- Other debts +€63,418
up €63,418 (+70.1%), from €90,453 to €153,871
- Trade debts -€14,404
down €14,404 (-74.0%), from €19,474 to €5,071
- Tax, wage and social debts -€13,335
down €13,335 (-86.2%), from €15,469 to €2,134
- Debts after one year +€12,913
up €12,913 (+3.6%), from €357,158 to €370,071
- Gross operating margin +€15,435
up €15,435 (+23.4%), from €65,856 to €81,291
- Depreciation +€6,994
up €6,994 (+27.3%), from €25,579 to €32,573
- Financial charges +€5,210
up €5,210 (+32.3%), from €16,145 to €21,355
- Other operating charges +€1,396
up €1,396 (+29.2%), from €4,781 to €6,177
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 | €896,061 | €823,206 | -€72,854 | -8.1% |
| Fixed assets | 21/28 | €660,209 | €698,974 | +€38,765 | +5.9% |
| Tangible fixed assets | 22/27 | €660,169 | €698,934 | +€38,765 | +5.9% |
| Land and buildings | 22 | €648,179 | €689,320 | +€41,141 | +6.3% |
| Plant, machinery and equipment | 23 | €1,558 | €407 | -€1,151 | -73.9% |
| Furniture and vehicles | 24 | €9,013 | €7,788 | -€1,225 | -13.6% |
| Other tangible fixed assets | 26 | €1,419 | €1,419 | = | 0.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €235,852 | €124,232 | -€111,619 | -47.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €204,083 | €112,698 | -€91,385 | -44.8% |
| Trade receivables | 40 | €60,630 | €3,124 | -€57,506 | -94.8% |
| Other amounts receivable | 41 | €143,453 | €109,574 | -€33,879 | -23.6% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,122 | €11,369 | +€5,247 | +85.7% |
| Deferred charges and accrued income | 490/1 | €647 | €166 | -€481 | -74.3% |
| Total equity and liabilities | 10/49 | €896,061 | €823,206 | -€72,854 | -8.1% |
| Equity | 10/15 | €353,858 | €225,646 | -€128,212 | -36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335,258 | €207,046 | -€128,212 | -38.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €54,485 | €52,433 | -€2,052 | -3.8% |
| Distributable reserves | 133 | €280,773 | €154,613 | -€126,160 | -44.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €18,162 | €17,478 | -€684 | -3.8% |
| Deferred taxes | 168 | €18,162 | €17,478 | -€684 | -3.8% |
| Amounts payable | 17/49 | €524,041 | €580,083 | +€56,042 | +10.7% |
| Amounts payable after more than one year | 17 | €357,158 | €370,071 | +€12,913 | +3.6% |
| Financial debts | 170/4 | €357,158 | €370,071 | +€12,913 | +3.6% |
| Amounts payable within one year | 42/48 | €166,217 | €209,961 | +€43,743 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €36,757 | €43,828 | +€7,071 | +19.2% |
| Financial debts | 43 | €4,065 | €5,058 | +€993 | +24.4% |
| Credit institutions | 430/8 | €4,065 | €5,058 | +€993 | +24.4% |
| Trade debts | 44 | €19,474 | €5,071 | -€14,404 | -74.0% |
| Suppliers | 440/4 | €19,474 | €5,071 | -€14,404 | -74.0% |
| Taxes, remuneration and social security | 45 | €15,469 | €2,134 | -€13,335 | -86.2% |
| Taxes | 450/3 | €15,469 | €2,134 | -€13,335 | -86.2% |
| Other amounts payable | 47/48 | €90,453 | €153,871 | +€63,418 | +70.1% |
| Accrued charges and deferred income | 492/3 | €665 | €51 | -€615 | -92.4% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,579 | €32,573 | +€6,994 | +27.3% |
| Other operating charges | 640/8 | €4,781 | €6,177 | +€1,396 | +29.2% |
| Non-recurring operating charges | 66A | €275 | €35 | -€240 | -87.4% |
| Gross operating margin | 9900 | €65,856 | €81,291 | +€15,435 | +23.4% |
| Operating profit (loss) | 9901 | €35,221 | €42,507 | +€7,286 | +20.7% |
| Financial income | 75/76B | €6,908 | €6,193 | -€715 | -10.4% |
| Recurring financial income | 75 | €6,908 | €6,193 | -€715 | -10.4% |
| Financial charges | 65/66B | €16,145 | €21,355 | +€5,210 | +32.3% |
| Recurring financial charges | 65 | €16,145 | €21,355 | +€5,210 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €25,984 | €27,345 | +€1,361 | +5.2% |
| Transfer from deferred taxes | 780 | €684 | €684 | = | 0.0% |
| Income taxes | 67/77 | €8,811 | €9,011 | +€200 | +2.3% |
| Profit (loss) for the period | 9904 | €17,858 | €19,019 | +€1,161 | +6.5% |
| Transfer from tax-exempt reserves | 789 | €2,052 | €2,052 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,910 | €21,071 | +€1,161 | +5.8% |
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 11 October 2026 via checked.be.