LEO RENOVATION: what changed
LEO RENOVATION
Largest movements
- Cash +€21,414
up €21,414 (+181%), from €11,835 to €33,249
mainly Net result for the year (+€30,306) and Trade debts (+€8,544)
- Tangible fixed assets +€13,817
up €13,817 (+95.0%), from €14,548 to €28,364
of which Furniture and vehicles: +€10,331
- Receivables within one year +€5,414
up €5,414 (+6.7%), from €80,716 to €86,131
of which Trade receivables: +€5,999
- Deferred charges and accrued income -€1,664
down €1,664 (-96.6%), from €1,722 to €59
- Profit (loss) carried forward +€30,306
up €30,306 (+56.6%), from €53,499 to €83,806
- Trade debts +€8,544
up €8,544 (+103%), from €8,290 to €16,834
- Tax, wage and social debts -€2,038
down €2,038 (-7.3%), from €28,083 to €26,045
of which Remuneration and social security: -€6,718
- Accrued charges and deferred income +€1,747
new in 2025: €1,747
- Gross operating margin +€37,355
up €37,355 (+26.0%), from €143,737 to €181,092
- Staff costs +€10,119
up €10,119 (+8.4%), from €120,112 to €130,230
- Taxes +€7,039
up €7,039 (+131%), from €5,377 to €12,416
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 | €108,821 | €147,803 | +€38,982 | +35.8% |
| Fixed assets | 21/28 | €14,548 | €28,364 | +€13,817 | +95.0% |
| Tangible fixed assets | 22/27 | €14,548 | €28,364 | +€13,817 | +95.0% |
| Plant, machinery and equipment | 23 | €1,033 | €4,519 | +€3,486 | +338% |
| Furniture and vehicles | 24 | €13,515 | €23,845 | +€10,331 | +76.4% |
| Current assets | 29/58 | €94,273 | €119,439 | +€25,165 | +26.7% |
| Amounts receivable within one year | 40/41 | €80,716 | €86,131 | +€5,414 | +6.7% |
| Trade receivables | 40 | €72,535 | €78,534 | +€5,999 | +8.3% |
| Other amounts receivable | 41 | €8,181 | €7,597 | -€585 | -7.1% |
| Cash at bank and in hand | 54/58 | €11,835 | €33,249 | +€21,414 | +181% |
| Deferred charges and accrued income | 490/1 | €1,722 | €59 | -€1,664 | -96.6% |
| Total equity and liabilities | 10/49 | €108,821 | €147,803 | +€38,982 | +35.8% |
| Equity | 10/15 | €72,099 | €102,406 | +€30,306 | +42.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,499 | €83,806 | +€30,306 | +56.6% |
| Amounts payable | 17/49 | €36,722 | €45,397 | +€8,676 | +23.6% |
| Amounts payable within one year | 42/48 | €36,722 | €43,650 | +€6,928 | +18.9% |
| Trade debts | 44 | €8,290 | €16,834 | +€8,544 | +103% |
| Suppliers | 440/4 | €8,290 | €16,834 | +€8,544 | +103% |
| Taxes, remuneration and social security | 45 | €28,083 | €26,045 | -€2,038 | -7.3% |
| Taxes | 450/3 | €11,740 | €16,420 | +€4,680 | +39.9% |
| Remuneration and social security | 454/9 | €16,343 | €9,625 | -€6,718 | -41.1% |
| Other amounts payable | 47/48 | €348 | €771 | +€423 | +122% |
| Accrued charges and deferred income | 492/3 | - | €1,747 | +€1,747 | |
| Remuneration, social security and pensions | 62 | €120,112 | €130,230 | +€10,119 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,138 | €7,849 | +€1,712 | +27.9% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €143,737 | €181,092 | +€37,355 | +26.0% |
| Operating profit (loss) | 9901 | €17,100 | €43,012 | +€25,912 | +152% |
| Financial income | 75/76B | €1 | €1 | -€0 | -40.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -40.0% |
| Financial charges | 65/66B | €78 | €290 | +€212 | +273% |
| Recurring financial charges | 65 | €78 | €290 | +€212 | +273% |
| Profit (loss) for the period before taxes | 9903 | €17,023 | €42,722 | +€25,699 | +151% |
| Income taxes | 67/77 | €5,377 | €12,416 | +€7,039 | +131% |
| Profit (loss) for the period | 9904 | €11,646 | €30,306 | +€18,660 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €11,646 | €30,306 | +€18,660 | +160% |
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.