LEOCATA CARMELO: 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.
LEOCATA CARMELO
Largest movements
- Tangible fixed assets +€47,127
up €47,127 (+112%), from €42,079 to €89,206
of which Other tangible fixed assets: +€50,296
- Current investments +€38,031
up €38,031 (+159%), from €23,904 to €61,935
- Stocks and contracts -€9,598
down €9,598 (-81.1%), from €11,838 to €2,240
- Receivables within one year +€4,271
up €4,271 (+6.5%), from €65,982 to €70,253
of which Other amounts receivable: +€3,316
- Debts after one year +€74,139
up €74,139 (+603%), from €12,286 to €86,425
- Current portion of long-term debt +€18,936
up €18,936 (+320%), from €5,921 to €24,857
- Trade debts -€7,214
down €7,214 (-15.1%), from €47,923 to €40,709
- Advances received -€4,650
down €4,650 (-53.8%), from €8,650 to €4,000
- Accrued charges and deferred income -€3,170
down €3,170 (-76.0%), from €4,170 to €1,000
- Gross operating margin +€12,211
up €12,211 (+117%), from €10,468 to €22,679
- Depreciation -€714
down €714 (-3.6%), from €20,110 to €19,396
- Financial charges +€683
up €683 (+21.4%), from €3,194 to €3,877
- Staff costs +€565
new in 2025: €565
- Taxes +€254
up €254 (+197%), from €129 to €383
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 | €167,862 | €245,331 | +€77,469 | +46.2% |
| Fixed assets | 21/28 | €42,106 | €90,733 | +€48,627 | +115% |
| Tangible fixed assets | 22/27 | €42,079 | €89,206 | +€47,127 | +112% |
| Plant, machinery and equipment | 23 | €5,019 | €3,179 | -€1,840 | -36.7% |
| Furniture and vehicles | 24 | €9,859 | €3,273 | -€6,586 | -66.8% |
| Leasing and similar rights | 25 | - | €5,257 | +€5,257 | |
| Other tangible fixed assets | 26 | €27,201 | €77,497 | +€50,296 | +185% |
| Financial fixed assets | 28 | €27 | €1,527 | +€1,500 | +5,556% |
| Current assets | 29/58 | €125,756 | €154,598 | +€28,842 | +22.9% |
| Stocks and contracts in progress | 3 | €11,838 | €2,240 | -€9,598 | -81.1% |
| Stocks | 30/36 | €11,838 | €2,240 | -€9,598 | -81.1% |
| Amounts receivable within one year | 40/41 | €65,982 | €70,253 | +€4,271 | +6.5% |
| Trade receivables | 40 | €46,163 | €47,118 | +€955 | +2.1% |
| Other amounts receivable | 41 | €19,819 | €23,135 | +€3,316 | +16.7% |
| Current investments | 50/53 | €23,904 | €61,935 | +€38,031 | +159% |
| Cash at bank and in hand | 54/58 | €17,850 | €16,219 | -€1,631 | -9.1% |
| Deferred charges and accrued income | 490/1 | €6,182 | €3,951 | -€2,231 | -36.1% |
| Total equity and liabilities | 10/49 | €167,862 | €245,331 | +€77,469 | +46.2% |
| Equity | 10/15 | €87,292 | €85,249 | -€2,043 | -2.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €57,000 | €55,000 | -€2,000 | -3.5% |
| Distributable reserves | 133 | €57,000 | €55,000 | -€2,000 | -3.5% |
| Profit (loss) carried forward | 14 | €292 | €249 | -€43 | -14.7% |
| Amounts payable | 17/49 | €80,570 | €160,082 | +€79,512 | +98.7% |
| Amounts payable after more than one year | 17 | €12,286 | €86,425 | +€74,139 | +603% |
| Financial debts | 170/4 | €12,286 | €86,425 | +€74,139 | +603% |
| Amounts payable within one year | 42/48 | €64,114 | €72,657 | +€8,543 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €5,921 | €24,857 | +€18,936 | +320% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €47,923 | €40,709 | -€7,214 | -15.1% |
| Suppliers | 440/4 | €47,923 | €40,709 | -€7,214 | -15.1% |
| Advances received on contracts in progress | 46 | €8,650 | €4,000 | -€4,650 | -53.8% |
| Taxes, remuneration and social security | 45 | €1,620 | €141 | -€1,479 | -91.3% |
| Taxes | 450/3 | €417 | €141 | -€276 | -66.2% |
| Remuneration and social security | 454/9 | €1,203 | - | -€1,203 | |
| Other amounts payable | 47/48 | - | €2,939 | +€2,939 | |
| Accrued charges and deferred income | 492/3 | €4,170 | €1,000 | -€3,170 | -76.0% |
| Remuneration, social security and pensions | 62 | - | €565 | +€565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,110 | €19,396 | -€714 | -3.6% |
| Other operating charges | 640/8 | €2,286 | €2,057 | -€229 | -10.0% |
| Gross operating margin | 9900 | €10,468 | €22,679 | +€12,211 | +117% |
| Operating profit (loss) | 9901 | -€11,928 | €661 | +€12,589 | |
| Financial income | 75/76B | €1,347 | €1,556 | +€209 | +15.5% |
| Recurring financial income | 75 | €1,347 | €1,556 | +€209 | +15.5% |
| Financial charges | 65/66B | €3,194 | €3,877 | +€683 | +21.4% |
| Recurring financial charges | 65 | €3,194 | €3,877 | +€683 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,775 | -€1,660 | +€12,115 | +87.9% |
| Income taxes | 67/77 | €129 | €383 | +€254 | +197% |
| Profit (loss) for the period | 9904 | -€13,904 | -€2,043 | +€11,861 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,904 | -€2,043 | +€11,861 | +85.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.