LEANOR: 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.
LEANOR
Largest movements
- Current investments +€99,393
new in 2025: €99,393
- Cash -€59,542
down €59,542 (-44.9%), from €132,676 to €73,134
mainly Current investments (-€99,393) and Debts after one year (-€29,850)
- Receivables within one year +€15,919
up €15,919 (+72.2%), from €22,042 to €37,961
of which Trade receivables: +€12,550
- Receivables after one year +€10,000
up €10,000 (+95.2%), from €10,500 to €20,500
- Reserves +€100,223
up €100,223 (+51.7%), from €193,835 to €294,058
- Debts after one year -€29,850
down €29,850 (-18.9%), from €157,965 to €128,116
- Tax, wage and social debts -€5,693
down €5,693 (-53.8%), from €10,589 to €4,896
- Gross operating margin -€17,315
down €17,315 (-9.3%), from €186,440 to €169,125
- Taxes -€8,749
down €8,749 (-17.3%), from €50,507 to €41,758
- Financial income -€7,271
down €7,271 (-86.4%), from €8,420 to €1,149
of which Non-recurring financial income: -€7,899
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 | €444,119 | €504,704 | +€60,585 | +13.6% |
| Fixed assets | 21/28 | €271,522 | €266,889 | -€4,633 | -1.7% |
| Intangible fixed assets | 21 | €6,069 | €5,057 | -€1,011 | -16.7% |
| Tangible fixed assets | 22/27 | €265,453 | €261,831 | -€3,622 | -1.4% |
| Land and buildings | 22 | €213,375 | €214,690 | +€1,316 | +0.6% |
| Plant, machinery and equipment | 23 | €46,453 | €41,627 | -€4,826 | -10.4% |
| Furniture and vehicles | 24 | €5,626 | €5,514 | -€112 | -2.0% |
| Current assets | 29/58 | €172,598 | €237,816 | +€65,218 | +37.8% |
| Amounts receivable after more than one year | 29 | €10,500 | €20,500 | +€10,000 | +95.2% |
| Other amounts receivable | 291 | €10,500 | €20,500 | +€10,000 | +95.2% |
| Stocks and contracts in progress | 3 | €7,380 | €6,828 | -€552 | -7.5% |
| Stocks | 30/36 | €7,380 | €6,828 | -€552 | -7.5% |
| Amounts receivable within one year | 40/41 | €22,042 | €37,961 | +€15,919 | +72.2% |
| Trade receivables | 40 | €17,107 | €29,657 | +€12,550 | +73.4% |
| Other amounts receivable | 41 | €4,935 | €8,304 | +€3,369 | +68.3% |
| Current investments | 50/53 | - | €99,393 | +€99,393 | |
| Cash at bank and in hand | 54/58 | €132,676 | €73,134 | -€59,542 | -44.9% |
| Total equity and liabilities | 10/49 | €444,119 | €504,704 | +€60,585 | +13.6% |
| Equity | 10/15 | €198,381 | €298,604 | +€100,223 | +50.5% |
| Contributions | 10/11 | €4,546 | €4,546 | = | 0.0% |
| Reserves | 13 | €193,835 | €294,058 | +€100,223 | +51.7% |
| Distributable reserves | 133 | €193,835 | €294,058 | +€100,223 | +51.7% |
| Amounts payable | 17/49 | €245,738 | €206,100 | -€39,638 | -16.1% |
| Amounts payable after more than one year | 17 | €157,965 | €128,116 | -€29,850 | -18.9% |
| Financial debts | 170/4 | €157,965 | €128,116 | -€29,850 | -18.9% |
| Amounts payable within one year | 42/48 | €87,773 | €77,985 | -€9,788 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €34,466 | €31,793 | -€2,672 | -7.8% |
| Trade debts | 44 | €42,718 | €40,323 | -€2,396 | -5.6% |
| Suppliers | 440/4 | €42,718 | €40,323 | -€2,396 | -5.6% |
| Taxes, remuneration and social security | 45 | €10,589 | €4,896 | -€5,693 | -53.8% |
| Taxes | 450/3 | €10,589 | €4,896 | -€5,693 | -53.8% |
| Other amounts payable | 47/48 | - | €973 | +€973 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,728 | €20,151 | +€1,423 | +7.6% |
| Other operating charges | 640/8 | €2,204 | €2,706 | +€502 | +22.8% |
| Gross operating margin | 9900 | €186,440 | €169,125 | -€17,315 | -9.3% |
| Operating profit (loss) | 9901 | €165,508 | €146,268 | -€19,240 | -11.6% |
| Financial income | 75/76B | €8,420 | €1,149 | -€7,271 | -86.4% |
| Recurring financial income | 75 | €521 | €1,149 | +€628 | +120.5% |
| Non-recurring financial income | 76B | €7,899 | - | -€7,899 | |
| Financial charges | 65/66B | €4,457 | €5,436 | +€979 | +22.0% |
| Recurring financial charges | 65 | €4,457 | €5,436 | +€979 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €169,471 | €141,981 | -€27,490 | -16.2% |
| Income taxes | 67/77 | €50,507 | €41,758 | -€8,749 | -17.3% |
| Profit (loss) for the period | 9904 | €118,964 | €100,223 | -€18,741 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,964 | €100,223 | -€18,741 | -15.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.