LEO MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€12,464
new in 2025: €12,464
- Receivables within one year -€4,272
down €4,272 (-83.7%), from €5,106 to €833
of which Trade receivables: -€5,106
- Financial fixed assets +€1,000
new in 2025: €1,000
- Cash -€564
down €564 (-2.7%), from €20,864 to €20,300
mainly Investment in fixed assets (net) (-€16,267) and Net result for the year (-€8,982)
- Deferred charges and accrued income +€406
new in 2025: €406
- Tax, wage and social debts +€13,312
up €13,312 (+1,850%), from €720 to €14,031
of which Remuneration and social security: +€9,646
- Profit (loss) carried forward -€8,982
down €8,982 (-83.5%), from €10,754 to €1,772
- Trade debts +€4,705
up €4,705 (+236%), from €1,996 to €6,700
- Staff costs +€73,577
new in 2025: €73,577
- Gross operating margin +€65,532
up €65,532 (+1,564%), from €4,189 to €69,721
- Depreciation +€2,802
new in 2025: €2,802
- Other operating charges +€1,142
up €1,142 (+114%), from €998 to €2,140
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 | €25,970 | €35,004 | +€9,034 | +34.8% |
| Fixed assets | 21/28 | - | €13,464 | +€13,464 | |
| Tangible fixed assets | 22/27 | - | €12,464 | +€12,464 | |
| Furniture and vehicles | 24 | - | €12,464 | +€12,464 | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €25,970 | €21,540 | -€4,430 | -17.1% |
| Amounts receivable within one year | 40/41 | €5,106 | €833 | -€4,272 | -83.7% |
| Trade receivables | 40 | €5,106 | €0 | -€5,106 | -100% |
| Other amounts receivable | 41 | - | €833 | +€833 | |
| Cash at bank and in hand | 54/58 | €20,864 | €20,300 | -€564 | -2.7% |
| Deferred charges and accrued income | 490/1 | - | €406 | +€406 | |
| Total equity and liabilities | 10/49 | €25,970 | €35,004 | +€9,034 | +34.8% |
| Equity | 10/15 | €23,254 | €14,272 | -€8,982 | -38.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,754 | €1,772 | -€8,982 | -83.5% |
| Amounts payable | 17/49 | €2,715 | €20,732 | +€18,016 | +664% |
| Amounts payable within one year | 42/48 | €2,715 | €20,732 | +€18,016 | +664% |
| Trade debts | 44 | €1,996 | €6,700 | +€4,705 | +236% |
| Suppliers | 440/4 | €1,996 | €6,700 | +€4,705 | +236% |
| Taxes, remuneration and social security | 45 | €720 | €14,031 | +€13,312 | +1,850% |
| Taxes | 450/3 | €720 | €4,386 | +€3,666 | +509% |
| Remuneration and social security | 454/9 | - | €9,646 | +€9,646 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €73,577 | +€73,577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,802 | +€2,802 | |
| Other operating charges | 640/8 | €998 | €2,140 | +€1,142 | +114% |
| Gross operating margin | 9900 | €4,189 | €69,721 | +€65,532 | +1,564% |
| Operating profit (loss) | 9901 | €3,191 | -€8,798 | -€11,989 | |
| Financial income | 75/76B | - | €572 | +€572 | |
| Recurring financial income | 75 | - | €572 | +€572 | |
| Financial charges | 65/66B | €495 | €622 | +€127 | +25.7% |
| Recurring financial charges | 65 | €495 | €622 | +€127 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €2,697 | -€8,848 | -€11,544 | |
| Income taxes | 67/77 | €720 | €135 | -€585 | -81.3% |
| Profit (loss) for the period | 9904 | €1,977 | -€8,982 | -€10,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,977 | -€8,982 | -€10,959 |
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 17 October 2026 via checked.be.