LEO: what changed
Two fiscal 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.
LEO
Largest movements
- Receivables within one year -€30,223
down €30,223 (-28.0%), from €107,914 to €77,690
of which Trade receivables: -€30,223
- Tangible fixed assets -€2,055
down €2,055 (-70.7%), from €2,908 to €853
of which Land and buildings: -€2,120
- Deferred charges and accrued income +€1,582
up €1,582 (+72.8%), from €2,174 to €3,757
- Profit (loss) carried forward -€63,522
down €63,522 (-51.4%), from -€123,500 to -€187,022
- Tax, wage and social debts +€38,079
up €38,079 (+128.9%), from €29,544 to €67,624
of which Remuneration and social security: +€19,762
- Trade debts -€23,920
down €23,920 (-32.0%), from €74,660 to €50,740
- Other debts +€14,373
up €14,373 (+58.3%), from €24,664 to €39,036
- Short-term financial debts +€4,104
new in 2025: €4,104
- Turnover -€329,980
down €329,980 (-100.0%), from €329,980 to €0
- Purchases and services -€187,803
down €187,803 (-100.0%), from €187,803 to €0
- Gross operating margin -€39,135
down €39,135 (-25.1%), from €156,142 to €117,007
- Staff costs +€4,670
up €4,670 (+2.9%), from €163,365 to €168,034
- Financial charges +€3,372
up €3,372 (+362.5%), from €930 to €4,302
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 | €131,103 | €100,217 | -€30,886 | -23.6% |
| Fixed assets | 21/28 | €2,908 | €853 | -€2,055 | -70.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,908 | €853 | -€2,055 | -70.7% |
| Land and buildings | 22 | €2,214 | €94 | -€2,120 | -95.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €695 | €760 | +€65 | +9.4% |
| Current assets | 29/58 | €128,195 | €99,364 | -€28,831 | -22.5% |
| Amounts receivable within one year | 40/41 | €107,914 | €77,690 | -€30,223 | -28.0% |
| Trade receivables | 40 | €107,334 | €77,111 | -€30,223 | -28.2% |
| Other amounts receivable | 41 | €579 | €579 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,107 | €17,917 | -€190 | -1.1% |
| Deferred charges and accrued income | 490/1 | €2,174 | €3,757 | +€1,582 | +72.8% |
| Total equity and liabilities | 10/49 | €131,103 | €100,217 | -€30,886 | -23.6% |
| Equity | 10/15 | €2,235 | -€61,287 | -€63,522 | |
| Contributions | 10/11 | €18,850 | €18,850 | = | 0.0% |
| Reserves | 13 | €106,885 | €106,885 | = | 0.0% |
| Distributable reserves | 133 | €106,885 | €106,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,500 | -€187,022 | -€63,522 | -51.4% |
| Amounts payable | 17/49 | €128,868 | €161,504 | +€32,636 | +25.3% |
| Amounts payable within one year | 42/48 | €128,868 | €161,504 | +€32,636 | +25.3% |
| Financial debts | 43 | - | €4,104 | +€4,104 | |
| Credit institutions | 430/8 | - | €4,104 | +€4,104 | |
| Trade debts | 44 | €74,660 | €50,740 | -€23,920 | -32.0% |
| Suppliers | 440/4 | €74,660 | €50,740 | -€23,920 | -32.0% |
| Taxes, remuneration and social security | 45 | €29,544 | €67,624 | +€38,079 | +128.9% |
| Taxes | 450/3 | €7,257 | €25,574 | +€18,318 | +252.4% |
| Remuneration and social security | 454/9 | €22,288 | €42,049 | +€19,762 | +88.7% |
| Other amounts payable | 47/48 | €24,664 | €39,036 | +€14,373 | +58.3% |
| Turnover | 70 | €329,980 | €0 | -€329,980 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €187,803 | €0 | -€187,803 | -100.0% |
| Remuneration, social security and pensions | 62 | €163,365 | €168,034 | +€4,670 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,509 | €3,270 | -€239 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,596 | +€1,596 | |
| Other operating charges | 640/8 | €1,734 | €3,182 | +€1,448 | +83.5% |
| Gross operating margin | 9900 | €156,142 | €117,007 | -€39,135 | -25.1% |
| Operating profit (loss) | 9901 | -€12,466 | -€59,076 | -€46,610 | -373.9% |
| Financial income | 75/76B | €15 | €240 | +€224 | +1454.9% |
| Recurring financial income | 75 | €15 | €240 | +€224 | +1454.9% |
| Financial charges | 65/66B | €930 | €4,302 | +€3,372 | +362.5% |
| Recurring financial charges | 65 | €930 | €4,302 | +€3,372 | +362.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,381 | -€63,138 | -€49,757 | -371.9% |
| Income taxes | 67/77 | €289 | €384 | +€95 | +33.0% |
| Profit (loss) for the period | 9904 | -€13,670 | -€63,522 | -€49,852 | -364.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,670 | -€63,522 | -€49,852 | -364.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.