Leo X: what changed
Two fiscal 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 X
Largest movements
- Receivables within one year +€176,197
up €176,197 (+142.2%), from €123,915 to €300,112
of which Other amounts receivable: +€197,483
- Cash +€69,327
up €69,327 (+11.5%), from €605,366 to €674,693
mainly Net result for the year (+€281,676) and Tax, wage and social debts (+€44,833)
- Reserves +€281,676
up €281,676 (+11.3%), from €2.5m to €2.8m
- Debts after one year -€90,513
down €90,513 (-5.3%), from €1.7m to €1.6m
- Tax, wage and social debts +€44,833
up €44,833 (+1437.6%), from €3,119 to €47,952
of which Taxes: +€42,878
- Gross operating margin +€192,688
up €192,688 (+350.9%), from €54,906 to €247,594
- Financial income +€107,662
up €107,662 (+189.7%), from €56,754 to €164,416
- Taxes +€81,136
up €81,136 (+551.6%), from €14,710 to €95,845
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 | €4,165,342 | €4,400,974 | +€235,632 | +5.7% |
| Fixed assets | 21/28 | €63,683 | €47,706 | -€15,977 | -25.1% |
| Tangible fixed assets | 22/27 | €45,563 | €29,586 | -€15,977 | -35.1% |
| Furniture and vehicles | 24 | €45,563 | €29,586 | -€15,977 | -35.1% |
| Financial fixed assets | 28 | €18,120 | €18,120 | = | 0.0% |
| Current assets | 29/58 | €4,101,660 | €4,353,268 | +€251,608 | +6.1% |
| Amounts receivable after more than one year | 29 | €3,349,122 | €3,349,122 | = | 0.0% |
| Other amounts receivable | 291 | €3,349,122 | €3,349,122 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €123,915 | €300,112 | +€176,197 | +142.2% |
| Trade receivables | 40 | €21,435 | €150 | -€21,285 | -99.3% |
| Other amounts receivable | 41 | €102,479 | €299,962 | +€197,483 | +192.7% |
| Cash at bank and in hand | 54/58 | €605,366 | €674,693 | +€69,327 | +11.5% |
| Deferred charges and accrued income | 490/1 | €23,256 | €29,340 | +€6,084 | +26.2% |
| Total equity and liabilities | 10/49 | €4,165,342 | €4,400,974 | +€235,632 | +5.7% |
| Equity | 10/15 | €2,454,782 | €2,736,459 | +€281,676 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,493,464 | €2,775,141 | +€281,676 | +11.3% |
| Distributable reserves | 133 | €2,493,464 | €2,775,141 | +€281,676 | +11.3% |
| Profit (loss) carried forward | 14 | -€57,282 | -€57,282 | = | 0.0% |
| Amounts payable | 17/49 | €1,710,560 | €1,664,515 | -€46,044 | -2.7% |
| Amounts payable after more than one year | 17 | €1,706,987 | €1,616,474 | -€90,513 | -5.3% |
| Financial debts | 170/4 | €1,706,987 | €1,616,474 | -€90,513 | -5.3% |
| Amounts payable within one year | 42/48 | €3,573 | €48,042 | +€44,469 | +1244.5% |
| Trade debts | 44 | €455 | €90 | -€365 | -80.3% |
| Suppliers | 440/4 | €455 | €90 | -€365 | -80.3% |
| Taxes, remuneration and social security | 45 | €3,119 | €47,952 | +€44,833 | +1437.6% |
| Taxes | 450/3 | €3,119 | €45,996 | +€42,878 | +1374.9% |
| Remuneration and social security | 454/9 | - | €1,956 | +€1,956 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,096 | €15,977 | -€119 | -0.7% |
| Other operating charges | 640/8 | €1,851 | €1,604 | -€247 | -13.3% |
| Gross operating margin | 9900 | €54,906 | €247,594 | +€192,688 | +350.9% |
| Operating profit (loss) | 9901 | €36,960 | €230,013 | +€193,053 | +522.3% |
| Financial income | 75/76B | €56,754 | €164,416 | +€107,662 | +189.7% |
| Recurring financial income | 75 | €56,754 | €164,416 | +€107,662 | +189.7% |
| Financial charges | 65/66B | €17,191 | €16,907 | -€284 | -1.7% |
| Recurring financial charges | 65 | €17,191 | €16,907 | -€284 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €76,522 | €377,522 | +€300,999 | +393.3% |
| Income taxes | 67/77 | €14,710 | €95,845 | +€81,136 | +551.6% |
| Profit (loss) for the period | 9904 | €61,813 | €281,676 | +€219,863 | +355.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,813 | €281,676 | +€219,863 | +355.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.