LEENA: 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.
LEENA
Largest movements
- Receivables within one year -€107,955
down €107,955 (-73.7%), from €146,460 to €38,506
of which Other amounts receivable: -€84,114
- Financial fixed assets +€53,721
up €53,721 (+975%), from €5,512 to €59,233
- Tangible fixed assets -€24,804
down €24,804 (-14.6%), from €170,019 to €145,216
of which Other tangible fixed assets: -€16,745
- Cash +€19,066
up €19,066 (+18.4%), from €103,504 to €122,570
mainly Debts after one year (+€204,592) and Receivables within one year (+€107,955)
- Deferred charges and accrued income +€11,606
up €11,606 (+52.5%), from €22,107 to €33,713
- Debts after one year +€204,592
up €204,592 (+89.6%), from €228,450 to €433,042
- Profit (loss) carried forward -€159,383
down €159,383 (-32.9%), from -€485,069 to -€644,452
- Trade debts -€82,183
down €82,183 (-20.8%), from €395,934 to €313,751
- Tax, wage and social debts -€15,773
down €15,773 (-8.2%), from €193,370 to €177,597
of which Remuneration and social security: -€30,387
- Provisions -€10,000
no longer reported in 2025 (was €10,000)
- Turnover -€225,297
down €225,297 (-7.0%), from €3.2m to €3.0m
- Gross operating margin -€151,079
down €151,079 (-11.7%), from €1.3m to €1.1m
- Staff costs -€118,104
down €118,104 (-8.7%), from €1.4m to €1.2m
- Purchases and services -€96,049
down €96,049 (-4.7%), from €2.0m to €2.0m
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 | €522,132 | €473,031 | -€49,102 | -9.4% |
| Fixed assets | 21/28 | €188,831 | €214,442 | +€25,612 | +13.6% |
| Intangible fixed assets | 21 | €13,299 | €9,994 | -€3,305 | -24.9% |
| Tangible fixed assets | 22/27 | €170,019 | €145,216 | -€24,804 | -14.6% |
| Land and buildings | 22 | €1,734 | €573 | -€1,162 | -67.0% |
| Plant, machinery and equipment | 23 | €37,507 | €26,557 | -€10,950 | -29.2% |
| Furniture and vehicles | 24 | €37,857 | €41,909 | +€4,052 | +10.7% |
| Other tangible fixed assets | 26 | €92,921 | €76,176 | -€16,745 | -18.0% |
| Financial fixed assets | 28 | €5,512 | €59,233 | +€53,721 | +975% |
| Current assets | 29/58 | €333,301 | €258,588 | -€74,713 | -22.4% |
| Stocks and contracts in progress | 3 | €61,231 | €63,800 | +€2,569 | +4.2% |
| Stocks | 30/36 | €61,231 | €63,800 | +€2,569 | +4.2% |
| Amounts receivable within one year | 40/41 | €146,460 | €38,506 | -€107,955 | -73.7% |
| Trade receivables | 40 | €42,497 | €18,657 | -€23,841 | -56.1% |
| Other amounts receivable | 41 | €103,963 | €19,849 | -€84,114 | -80.9% |
| Cash at bank and in hand | 54/58 | €103,504 | €122,570 | +€19,066 | +18.4% |
| Deferred charges and accrued income | 490/1 | €22,107 | €33,713 | +€11,606 | +52.5% |
| Total equity and liabilities | 10/49 | €522,132 | €473,031 | -€49,102 | -9.4% |
| Equity | 10/15 | -€336,819 | -€496,202 | -€159,383 | -47.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €86,750 | €86,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €80,600 | €80,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€485,069 | -€644,452 | -€159,383 | -32.9% |
| Provisions and deferred taxes | 16 | €10,000 | - | -€10,000 | |
| Provisions for liabilities and charges | 160/5 | €10,000 | - | -€10,000 | |
| Environmental obligations | 163 | €10,000 | - | -€10,000 | |
| Amounts payable | 17/49 | €848,951 | €969,232 | +€120,281 | +14.2% |
| Amounts payable after more than one year | 17 | €228,450 | €433,042 | +€204,592 | +89.6% |
| Other amounts payable | 178/9 | €228,450 | €433,042 | +€204,592 | +89.6% |
| Amounts payable within one year | 42/48 | €620,501 | €536,190 | -€84,311 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €25,543 | €29,997 | +€4,454 | +17.4% |
| Trade debts | 44 | €395,934 | €313,751 | -€82,183 | -20.8% |
| Suppliers | 440/4 | €395,934 | €313,751 | -€82,183 | -20.8% |
| Taxes, remuneration and social security | 45 | €193,370 | €177,597 | -€15,773 | -8.2% |
| Taxes | 450/3 | €18,434 | €33,048 | +€14,614 | +79.3% |
| Remuneration and social security | 454/9 | €174,936 | €144,549 | -€30,387 | -17.4% |
| Other amounts payable | 47/48 | €5,654 | €14,846 | +€9,191 | +163% |
| Turnover | 70 | €3,215,483 | €2,990,186 | -€225,297 | -7.0% |
| Non-recurring operating income | 76A | €87,119 | €54,796 | -€32,323 | -37.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,046,319 | €1,950,270 | -€96,049 | -4.7% |
| Remuneration, social security and pensions | 62 | €1,357,106 | €1,239,002 | -€118,104 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,145 | €46,160 | +€8,015 | +21.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €4,905 | €11,107 | +€6,202 | +126% |
| Gross operating margin | 9900 | €1,293,819 | €1,142,740 | -€151,079 | -11.7% |
| Operating profit (loss) | 9901 | -€106,337 | -€143,529 | -€37,192 | -35.0% |
| Financial income | 75/76B | €4,295 | €3,455 | -€840 | -19.6% |
| Recurring financial income | 75 | €4,295 | €3,455 | -€840 | -19.6% |
| Financial charges | 65/66B | €12,231 | €19,309 | +€7,078 | +57.9% |
| Recurring financial charges | 65 | €12,231 | €19,309 | +€7,078 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | -€114,273 | -€159,383 | -€45,110 | -39.5% |
| Income taxes | 67/77 | €136 | - | -€136 | |
| Profit (loss) for the period | 9904 | -€114,409 | -€159,383 | -€44,974 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,409 | -€159,383 | -€44,974 | -39.3% |
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 14 October 2026 via checked.be.