LEOCAM: 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.
LEOCAM
Largest movements
- Tangible fixed assets -€11,396
down €11,396 (-3.6%), from €317,916 to €306,520
of which Land and buildings: -€9,099
- Cash +€7,776
up €7,776 (+88.6%), from €8,778 to €16,554
mainly Other debts (+€66,796) and Net result for the year (+€31,603)
- Other debts +€66,796
up €66,796 (+125.0%), from €53,457 to €120,253
- Profit (loss) carried forward -€40,275
down €40,275 (-100.0%), from €40,275 to €0
- Reserves -€16,000
down €16,000 (-100.0%), from €16,000 to €0
- Debts after one year -€11,428
down €11,428 (-5.6%), from €205,164 to €193,736
- Depreciation -€14,169
down €14,169 (-53.4%), from €26,542 to €12,373
- Gross operating margin -€9,856
down €9,856 (-13.2%), from €74,891 to €65,035
- Financial charges -€2,501
down €2,501 (-22.1%), from €11,317 to €8,816
- Financial income -€1,261
down €1,261 (-100.0%), from €1,261 to €0
- Taxes +€845
up €845 (+10.4%), from €8,159 to €9,004
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 | €348,476 | €345,203 | -€3,274 | -0.9% |
| Fixed assets | 21/28 | €317,916 | €306,520 | -€11,396 | -3.6% |
| Tangible fixed assets | 22/27 | €317,916 | €306,520 | -€11,396 | -3.6% |
| Land and buildings | 22 | €301,780 | €292,681 | -€9,099 | -3.0% |
| Plant, machinery and equipment | 23 | €12,829 | €11,053 | -€1,776 | -13.8% |
| Furniture and vehicles | 24 | €3,306 | €2,786 | -€521 | -15.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €30,560 | €38,682 | +€8,122 | +26.6% |
| Amounts receivable within one year | 40/41 | €15,974 | €17,546 | +€1,572 | +9.8% |
| Trade receivables | 40 | €15,974 | €17,546 | +€1,572 | +9.8% |
| Cash at bank and in hand | 54/58 | €8,778 | €16,554 | +€7,776 | +88.6% |
| Deferred charges and accrued income | 490/1 | €5,808 | €4,582 | -€1,225 | -21.1% |
| Total equity and liabilities | 10/49 | €348,476 | €345,203 | -€3,274 | -0.9% |
| Equity | 10/15 | €58,275 | €2,000 | -€56,275 | -96.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €0 | -€16,000 | -100.0% |
| Distributable reserves | 133 | €16,000 | €0 | -€16,000 | -100.0% |
| Profit (loss) carried forward | 14 | €40,275 | €0 | -€40,275 | -100.0% |
| Amounts payable | 17/49 | €290,201 | €343,203 | +€53,001 | +18.3% |
| Amounts payable after more than one year | 17 | €205,164 | €193,736 | -€11,428 | -5.6% |
| Financial debts | 170/4 | €205,164 | €193,736 | -€11,428 | -5.6% |
| Amounts payable within one year | 42/48 | €78,480 | €144,844 | +€66,364 | +84.6% |
| Current portion of amounts payable after more than one year | 42 | €11,249 | €11,428 | +€179 | +1.6% |
| Trade debts | 44 | €2,663 | €2,601 | -€62 | -2.3% |
| Suppliers | 440/4 | €2,663 | €2,601 | -€62 | -2.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,111 | €10,562 | -€549 | -4.9% |
| Taxes | 450/3 | €11,061 | €10,562 | -€499 | -4.5% |
| Remuneration and social security | 454/9 | €50 | €0 | -€50 | -100.0% |
| Other amounts payable | 47/48 | €53,457 | €120,253 | +€66,796 | +125.0% |
| Accrued charges and deferred income | 492/3 | €6,558 | €4,622 | -€1,935 | -29.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,542 | €12,373 | -€14,169 | -53.4% |
| Other operating charges | 640/8 | €2,588 | €3,239 | +€651 | +25.1% |
| Gross operating margin | 9900 | €74,891 | €65,035 | -€9,856 | -13.2% |
| Operating profit (loss) | 9901 | €45,760 | €49,423 | +€3,663 | +8.0% |
| Financial income | 75/76B | €1,261 | €0 | -€1,261 | -100.0% |
| Recurring financial income | 75 | €1,261 | €0 | -€1,261 | -100.0% |
| Financial charges | 65/66B | €11,317 | €8,816 | -€2,501 | -22.1% |
| Recurring financial charges | 65 | €11,317 | €8,816 | -€2,501 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €35,705 | €40,607 | +€4,902 | +13.7% |
| Income taxes | 67/77 | €8,159 | €9,004 | +€845 | +10.4% |
| Profit (loss) for the period | 9904 | €27,546 | €31,603 | +€4,057 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,546 | €31,603 | +€4,057 | +14.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.