LEANDRO: 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.
LEANDRO
Largest movements
- Receivables within one year -€26,127
down €26,127 (-46.6%), from €56,057 to €29,930
- Tangible fixed assets -€4,362
down €4,362 (-29.8%), from €14,655 to €10,293
- Stocks and contracts -€2,992
down €2,992 (-6.0%), from €49,527 to €46,535
- Short-term financial debts -€17,880
down €17,880 (-95.9%), from €18,652 to €772
- Other debts -€10,687
down €10,687 (-20.1%), from €53,039 to €42,352
- Profit (loss) carried forward +€8,511
up €8,511, from -€2,336 to €6,175
- Debts after one year -€6,265
no longer reported in 2025 (was €6,265)
- Advances received -€4,188
down €4,188 (-73.1%), from €5,733 to €1,544
- Write-downs +€20,335
new in 2025: €20,335
- Gross operating margin +€20,200
up €20,200 (+59.0%), from €34,223 to €54,423
- Taxes +€2,774
new in 2025: €2,774
- Staff costs +€2,594
up €2,594 (+20.5%), from €12,667 to €15,261
- Financial charges -€2,103
down €2,103 (-67.9%), from €3,099 to €996
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 | €145,602 | €112,953 | -€32,648 | -22.4% |
| Fixed assets | 21/28 | €17,880 | €13,518 | -€4,362 | -24.4% |
| Tangible fixed assets | 22/27 | €14,655 | €10,293 | -€4,362 | -29.8% |
| Land and buildings | 22 | €8,091 | €6,377 | -€1,714 | -21.2% |
| Plant, machinery and equipment | 23 | €3,415 | €2,947 | -€468 | -13.7% |
| Furniture and vehicles | 24 | €3,150 | €970 | -€2,180 | -69.2% |
| Financial fixed assets | 28 | €3,225 | €3,225 | = | 0.0% |
| Current assets | 29/58 | €127,722 | €99,435 | -€28,286 | -22.1% |
| Stocks and contracts in progress | 3 | €49,527 | €46,535 | -€2,992 | -6.0% |
| Stocks | 30/36 | €49,527 | €46,535 | -€2,992 | -6.0% |
| Amounts receivable within one year | 40/41 | €56,057 | €29,930 | -€26,127 | -46.6% |
| Trade receivables | 40 | €56,057 | €29,930 | -€26,127 | -46.6% |
| Cash at bank and in hand | 54/58 | €21,493 | €21,913 | +€419 | +2.0% |
| Deferred charges and accrued income | 490/1 | €645 | €1,058 | +€413 | +64.1% |
| Total equity and liabilities | 10/49 | €145,602 | €112,953 | -€32,648 | -22.4% |
| Equity | 10/15 | €12,664 | €21,175 | +€8,511 | +67.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,336 | €6,175 | +€8,511 | |
| Amounts payable | 17/49 | €132,937 | €91,779 | -€41,159 | -31.0% |
| Amounts payable after more than one year | 17 | €6,265 | - | -€6,265 | |
| Financial debts | 170/4 | €6,265 | - | -€6,265 | |
| Amounts payable within one year | 42/48 | €126,672 | €91,779 | -€34,893 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €9,241 | €6,265 | -€2,976 | -32.2% |
| Financial debts | 43 | €18,652 | €772 | -€17,880 | -95.9% |
| Credit institutions | 430/8 | €18,652 | €772 | -€17,880 | -95.9% |
| Trade debts | 44 | €27,081 | €27,421 | +€340 | +1.3% |
| Suppliers | 440/4 | €27,081 | €27,421 | +€340 | +1.3% |
| Advances received on contracts in progress | 46 | €5,733 | €1,544 | -€4,188 | -73.1% |
| Taxes, remuneration and social security | 45 | €12,925 | €13,424 | +€499 | +3.9% |
| Taxes | 450/3 | €7,654 | €9,689 | +€2,035 | +26.6% |
| Remuneration and social security | 454/9 | €5,271 | €3,735 | -€1,536 | -29.1% |
| Other amounts payable | 47/48 | €53,039 | €42,352 | -€10,687 | -20.1% |
| Remuneration, social security and pensions | 62 | €12,667 | €15,261 | +€2,594 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,839 | €6,282 | -€557 | -8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,335 | +€20,335 | |
| Other operating charges | 640/8 | €850 | €272 | -€578 | -68.0% |
| Gross operating margin | 9900 | €34,223 | €54,423 | +€20,200 | +59.0% |
| Operating profit (loss) | 9901 | €13,866 | €12,272 | -€1,594 | -11.5% |
| Financial income | 75/76B | €0 | €9 | +€8 | +14150.0% |
| Recurring financial income | 75 | €0 | €9 | +€8 | +14150.0% |
| Financial charges | 65/66B | €3,099 | €996 | -€2,103 | -67.9% |
| Recurring financial charges | 65 | €3,099 | €996 | -€2,103 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €10,767 | €11,285 | +€517 | +4.8% |
| Income taxes | 67/77 | - | €2,774 | +€2,774 | |
| Profit (loss) for the period | 9904 | €10,767 | €8,511 | -€2,257 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,767 | €8,511 | -€2,257 | -21.0% |
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 10 October 2026 via checked.be.