LEO AND CO: 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.
LEO AND CO
Largest movements
- Receivables within one year +€3,877
up €3,877 (+13.8%), from €28,026 to €31,903
of which Trade receivables: +€10,521
- Tangible fixed assets -€1,027
down €1,027 (-50.7%), from €2,026 to €999
of which Furniture and vehicles: -€572
- Cash +€703
up €703 (+2.9%), from €23,986 to €24,689
mainly Net result for the year (+€17,169) and Tax, wage and social debts (+€5,603)
- Reserves +€17,000
up €17,000 (+914%), from €1,860 to €18,860
of which Distributable reserves: +€17,000
- Profit (loss) carried forward -€12,831
down €12,831 (-83.2%), from €15,424 to €2,593
- Other debts -€7,000
down €7,000 (-35.0%), from €20,000 to €13,000
- Tax, wage and social debts +€5,603
up €5,603 (+64.4%), from €8,700 to €14,302
of which Remuneration and social security: +€2,963
- Gross operating margin +€8,712
up €8,712 (+43.7%), from €19,947 to €28,659
- Taxes +€3,600
up €3,600 (+63.1%), from €5,709 to €9,309
- Financial income -€551
down €551 (-47.0%), from €1,172 to €621
- Depreciation -€371
down €371 (-26.5%), from €1,398 to €1,027
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 | €56,168 | €59,765 | +€3,596 | +6.4% |
| Fixed assets | 21/28 | €2,116 | €1,089 | -€1,027 | -48.6% |
| Tangible fixed assets | 22/27 | €2,026 | €999 | -€1,027 | -50.7% |
| Furniture and vehicles | 24 | €1,078 | €506 | -€572 | -53.1% |
| Other tangible fixed assets | 26 | €948 | €493 | -€455 | -48.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €54,052 | €58,676 | +€4,624 | +8.6% |
| Amounts receivable within one year | 40/41 | €28,026 | €31,903 | +€3,877 | +13.8% |
| Trade receivables | 40 | €12,611 | €23,132 | +€10,521 | +83.4% |
| Other amounts receivable | 41 | €15,415 | €8,771 | -€6,644 | -43.1% |
| Cash at bank and in hand | 54/58 | €23,986 | €24,689 | +€703 | +2.9% |
| Deferred charges and accrued income | 490/1 | €2,040 | €2,084 | +€44 | +2.1% |
| Total equity and liabilities | 10/49 | €56,168 | €59,765 | +€3,596 | +6.4% |
| Equity | 10/15 | €23,484 | €27,653 | +€4,169 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €18,860 | +€17,000 | +914% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €17,000 | +€17,000 | |
| Profit (loss) carried forward | 14 | €15,424 | €2,593 | -€12,831 | -83.2% |
| Amounts payable | 17/49 | €32,684 | €32,111 | -€573 | -1.8% |
| Amounts payable within one year | 42/48 | €32,684 | €31,684 | -€999 | -3.1% |
| Trade debts | 44 | €3,984 | €4,382 | +€398 | +10.0% |
| Suppliers | 440/4 | €3,984 | €4,382 | +€398 | +10.0% |
| Taxes, remuneration and social security | 45 | €8,700 | €14,302 | +€5,603 | +64.4% |
| Taxes | 450/3 | €8,700 | €11,339 | +€2,639 | +30.3% |
| Remuneration and social security | 454/9 | - | €2,963 | +€2,963 | |
| Other amounts payable | 47/48 | €20,000 | €13,000 | -€7,000 | -35.0% |
| Accrued charges and deferred income | 492/3 | - | €427 | +€427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,398 | €1,027 | -€371 | -26.5% |
| Other operating charges | 640/8 | €1,550 | €1,577 | +€27 | +1.7% |
| Gross operating margin | 9900 | €19,947 | €28,659 | +€8,712 | +43.7% |
| Operating profit (loss) | 9901 | €16,998 | €26,054 | +€9,056 | +53.3% |
| Financial income | 75/76B | €1,172 | €621 | -€551 | -47.0% |
| Recurring financial income | 75 | €1,172 | €621 | -€551 | -47.0% |
| Financial charges | 65/66B | €280 | €198 | -€82 | -29.4% |
| Recurring financial charges | 65 | €280 | €198 | -€82 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €17,890 | €26,478 | +€8,588 | +48.0% |
| Income taxes | 67/77 | €5,709 | €9,309 | +€3,600 | +63.1% |
| Profit (loss) for the period | 9904 | €12,181 | €17,169 | +€4,988 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,181 | €17,169 | +€4,988 | +40.9% |
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 30 October 2026 via checked.be.