LEO-CONSTRUCT: 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-CONSTRUCT
Largest movements
- Tangible fixed assets +€49,831
up €49,831 (+189.2%), from €26,339 to €76,169
of which Furniture and vehicles: +€51,611
- Stocks and contracts -€21,500
no longer reported in 2025 (was €21,500)
- Receivables within one year +€7,408
up €7,408 (+19.9%), from €37,236 to €44,644
of which Trade receivables: +€21,769
- Deferred charges and accrued income +€2,487
new in 2025: €2,487
- Debts after one year +€24,683
up €24,683 (+559.0%), from €4,416 to €29,099
- Current portion of long-term debt +€7,776
up €7,776 (+314.2%), from €2,475 to €10,251
- Trade debts +€6,569
up €6,569 (+33.1%), from €19,866 to €26,435
- Tax, wage and social debts +€3,748
up €3,748 (+295.2%), from €1,270 to €5,017
of which Remuneration and social security: +€4,523
- Profit (loss) carried forward -€3,045
down €3,045 (-26.1%), from €11,671 to €8,626
- Staff costs +€11,095
up €11,095 (+11.9%), from €93,560 to €104,656
- Depreciation +€10,782
up €10,782 (+152.2%), from €7,085 to €17,867
- Gross operating margin +€10,533
up €10,533 (+9.3%), from €113,371 to €123,904
- Taxes -€3,871
down €3,871 (-93.8%), from €4,129 to €258
- Other operating charges +€2,739
up €2,739 (+425.3%), from €644 to €3,384
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 | €117,504 | €157,235 | +€39,731 | +33.8% |
| Fixed assets | 21/28 | €26,364 | €76,194 | +€49,831 | +189.0% |
| Tangible fixed assets | 22/27 | €26,339 | €76,169 | +€49,831 | +189.2% |
| Plant, machinery and equipment | 23 | €3,056 | €1,927 | -€1,129 | -36.9% |
| Furniture and vehicles | 24 | €19,644 | €71,255 | +€51,611 | +262.7% |
| Other tangible fixed assets | 26 | €3,639 | €2,987 | -€652 | -17.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €91,140 | €81,041 | -€10,100 | -11.1% |
| Stocks and contracts in progress | 3 | €21,500 | - | -€21,500 | |
| Contracts in progress | 37 | €21,500 | - | -€21,500 | |
| Amounts receivable within one year | 40/41 | €37,236 | €44,644 | +€7,408 | +19.9% |
| Trade receivables | 40 | €8,705 | €30,473 | +€21,769 | +250.1% |
| Other amounts receivable | 41 | €28,531 | €14,170 | -€14,361 | -50.3% |
| Cash at bank and in hand | 54/58 | €32,405 | €33,910 | +€1,505 | +4.6% |
| Deferred charges and accrued income | 490/1 | - | €2,487 | +€2,487 | |
| Total equity and liabilities | 10/49 | €117,504 | €157,235 | +€39,731 | +33.8% |
| Equity | 10/15 | €89,478 | €86,433 | -€3,045 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,207 | €59,207 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €56,707 | €56,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,671 | €8,626 | -€3,045 | -26.1% |
| Amounts payable | 17/49 | €28,026 | €70,802 | +€42,776 | +152.6% |
| Amounts payable after more than one year | 17 | €4,416 | €29,099 | +€24,683 | +559.0% |
| Financial debts | 170/4 | €4,416 | €29,099 | +€24,683 | +559.0% |
| Amounts payable within one year | 42/48 | €23,610 | €41,703 | +€18,093 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €2,475 | €10,251 | +€7,776 | +314.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €19,866 | €26,435 | +€6,569 | +33.1% |
| Suppliers | 440/4 | €19,866 | €26,435 | +€6,569 | +33.1% |
| Taxes, remuneration and social security | 45 | €1,270 | €5,017 | +€3,748 | +295.2% |
| Taxes | 450/3 | €776 | - | -€776 | |
| Remuneration and social security | 454/9 | €494 | €5,017 | +€4,523 | +915.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €93,560 | €104,656 | +€11,095 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,085 | €17,867 | +€10,782 | +152.2% |
| Other operating charges | 640/8 | €644 | €3,384 | +€2,739 | +425.3% |
| Gross operating margin | 9900 | €113,371 | €123,904 | +€10,533 | +9.3% |
| Operating profit (loss) | 9901 | €12,082 | -€2,002 | -€14,084 | |
| Financial income | 75/76B | €1,251 | €943 | -€308 | -24.6% |
| Recurring financial income | 75 | €1,251 | €943 | -€308 | -24.6% |
| Financial charges | 65/66B | €1,447 | €1,728 | +€281 | +19.4% |
| Recurring financial charges | 65 | €1,447 | €1,728 | +€281 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €11,885 | -€2,787 | -€14,672 | |
| Income taxes | 67/77 | €4,129 | €258 | -€3,871 | -93.8% |
| Profit (loss) for the period | 9904 | €7,756 | -€3,045 | -€10,801 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,756 | -€3,045 | -€10,801 |
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 12 October 2026 via checked.be.