LEO CHRISTIAN: what changed
LEO CHRISTIAN
Largest movements
- Receivables within one year -€57,588
down €57,588 (-54.7%), from €105,318 to €47,730
of which Other amounts receivable: -€40,565
- Cash +€7,100
up €7,100 (+3.2%), from €222,457 to €229,557
mainly Receivables within one year (+€57,588) and Other debts (+€13,317)
- Deferred charges and accrued income +€4,917
up €4,917 (+33.4%), from €14,702 to €19,619
- Tangible fixed assets -€4,739
down €4,739 (-8.7%), from €54,498 to €49,759
of which Land and buildings: -€3,497
- Tax, wage and social debts -€47,270
down €47,270 (-94.7%), from €49,920 to €2,650
of which Taxes: -€38,270
- Other debts +€13,317
new in 2025: €13,317
- Trade debts -€12,743
down €12,743 (-35.4%), from €35,962 to €23,219
- Current portion of long-term debt -€6,739
down €6,739 (-100%), from €6,739 to €0
- Depreciation -€8,182
down €8,182 (-56.2%), from €14,559 to €6,377
- Gross operating margin -€6,104
down €6,104 (-33.3%), from €18,339 to €12,235
- Financial income +€233
up €233 (+66.9%), from €349 to €582
of which Financial income: +€233
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,975 | €356,665 | -€50,310 | -12.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €54,498 | €49,759 | -€4,739 | -8.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €54,498 | €49,759 | -€4,739 | -8.7% |
| Land and buildings | 22 | €44,855 | €41,358 | -€3,497 | -7.8% |
| Plant, machinery and equipment | 23 | €8,697 | €6,464 | -€2,234 | -25.7% |
| Furniture and vehicles | 24 | €946 | €1,937 | +€991 | +105% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €352,477 | €306,906 | -€45,571 | -12.9% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,318 | €47,730 | -€57,588 | -54.7% |
| Trade receivables | 40 | €60,480 | €43,457 | -€17,023 | -28.1% |
| Other amounts receivable | 41 | €44,838 | €4,273 | -€40,565 | -90.5% |
| Cash at bank and in hand | 54/58 | €222,457 | €229,557 | +€7,100 | +3.2% |
| Deferred charges and accrued income | 490/1 | €14,702 | €19,619 | +€4,917 | +33.4% |
| Total equity and liabilities | 10/49 | €406,975 | €356,665 | -€50,310 | -12.4% |
| Equity | 10/15 | €314,355 | €317,479 | +€3,125 | +1.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €33,922 | €37,047 | +€3,125 | +9.2% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €32,022 | €35,147 | +€3,125 | +9.8% |
| Profit (loss) carried forward | 14 | €261,432 | €261,432 | = | 0.0% |
| Amounts payable | 17/49 | €92,621 | €39,186 | -€53,435 | -57.7% |
| Amounts payable within one year | 42/48 | €92,621 | €39,186 | -€53,435 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €6,739 | €0 | -€6,739 | -100% |
| Trade debts | 44 | €35,962 | €23,219 | -€12,743 | -35.4% |
| Suppliers | 440/4 | €35,962 | €23,219 | -€12,743 | -35.4% |
| Taxes, remuneration and social security | 45 | €49,920 | €2,650 | -€47,270 | -94.7% |
| Taxes | 450/3 | €40,920 | €2,650 | -€38,270 | -93.5% |
| Remuneration and social security | 454/9 | €9,000 | €0 | -€9,000 | -100% |
| Other amounts payable | 47/48 | - | €13,317 | +€13,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,559 | €6,377 | -€8,182 | -56.2% |
| Other operating charges | 640/8 | €2,638 | €2,577 | -€61 | -2.3% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €18,339 | €12,235 | -€6,104 | -33.3% |
| Operating profit (loss) | 9901 | €1,143 | €3,281 | +€2,139 | +187% |
| Financial income | 75/76B | €349 | €582 | +€233 | +66.9% |
| Recurring financial income | 75 | €349 | €582 | +€233 | +66.9% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €572 | €469 | -€104 | -18.1% |
| Recurring financial charges | 65 | €572 | €469 | -€104 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €919 | €3,395 | +€2,476 | +269% |
| Income taxes | 67/77 | €241 | €270 | +€29 | +12.2% |
| Profit (loss) for the period | 9904 | €678 | €3,125 | +€2,446 | +361% |
| Profit (loss) for the period to be appropriated | 9905 | €678 | €3,125 | +€2,446 | +361% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.