LEOCIEL: 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.
What changed
LEOCIEL
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€341,314
2024 · €305,855+€35,460
Equity
€3.1m
2024 · €2.8m+€341,314
Cash
€584,779
2024 · €561,177+€23,602
Balance sheet total
€3.3m
2024 · €3.1m+€213,638
Largest movements
Assets
- Current investments +€193,961
new in 2025: €193,961
Equity and liabilities
- Reserves +€341,314
up €341,314 (+12.2%), from €2.8m to €3.1m
of which Distributable reserves: +€341,314
- Current portion of long-term debt -€124,032
down €124,032 (-93.2%), from €133,118 to €9,086
Income statement
- Financial income +€85,133
up €85,133 (+47.1%), from €180,863 to €265,996
- Gross operating margin -€46,587
down €46,587 (-19.1%), from €243,981 to €197,394
- Taxes -€9,347
down €9,347 (-10.5%), from €88,821 to €79,474
- Financial charges +€6,746
up €6,746 (+48.1%), from €14,035 to €20,781
- Depreciation +€3,822
up €3,822 (+27.6%), from €13,872 to €17,694
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.
Result 2024
€305,855
Gross operating margin
-€46,587
Depreciation
-€3,822
Other operating charges
-€1,865
Financial income
+€85,133
Financial charges
-€6,746
Taxes
+€9,347
Result 2025
€341,314
raises the resultlowers the result
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.
From operations
+€360,292
Investment
-€203,544
Financing
-€133,145
Cash 2024
€561,177
From operations (derived)
+€360,292
Net result for the year
+€341,314
Depreciation
+€17,694
Receivables within one year
-€1,685
Deferred charges and accrued income
-€2,501
Trade debts
+€777
Tax, wage and social debts
-€1,430
Other debts
+€6,122
Investment (derived)
-€203,544
Investment in fixed assets (net)
-€9,583
Current investments
-€193,961
Financing
-€133,145
Debts after one year
-€9,133
Current portion of long-term debt
-€124,032
Short-term financial debts
+€20
Cash 2025
€584,779
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,084,945 | €3,298,583 | +€213,638 | +6.9% |
| Fixed assets | 21/28 | €2,423,635 | €2,415,525 | -€8,111 | -0.3% |
| Tangible fixed assets | 22/27 | €215,635 | €207,525 | -€8,111 | -3.8% |
| Land and buildings | 22 | €203,621 | €190,796 | -€12,825 | -6.3% |
| Plant, machinery and equipment | 23 | €948 | €575 | -€372 | -39.3% |
| Furniture and vehicles | 24 | €11,067 | €16,154 | +€5,087 | +46.0% |
| Financial fixed assets | 28 | €2,208,000 | €2,208,000 | = | 0.0% |
| Current assets | 29/58 | €661,310 | €883,058 | +€221,749 | +33.5% |
| Amounts receivable within one year | 40/41 | €94,997 | €96,682 | +€1,685 | +1.8% |
| Trade receivables | 40 | €94,997 | €96,367 | +€1,370 | +1.4% |
| Other amounts receivable | 41 | €0 | €314 | +€314 | |
| Current investments | 50/53 | - | €193,961 | +€193,961 | |
| Cash at bank and in hand | 54/58 | €561,177 | €584,779 | +€23,602 | +4.2% |
| Deferred charges and accrued income | 490/1 | €5,136 | €7,637 | +€2,501 | +48.7% |
| Total equity and liabilities | 10/49 | €3,084,945 | €3,298,583 | +€213,638 | +6.9% |
| Equity | 10/15 | €2,804,655 | €3,145,969 | +€341,314 | +12.2% |
| Reserves | 13 | €2,804,655 | €3,145,969 | +€341,314 | +12.2% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,804,655 | €3,145,969 | +€341,314 | +12.2% |
| Amounts payable | 17/49 | €280,290 | €152,614 | -€127,676 | -45.6% |
| Amounts payable after more than one year | 17 | €82,205 | €73,072 | -€9,133 | -11.1% |
| Financial debts | 170/4 | €82,205 | €73,072 | -€9,133 | -11.1% |
| Amounts payable within one year | 42/48 | €198,085 | €79,542 | -€118,543 | -59.8% |
| Current portion of amounts payable after more than one year | 42 | €133,118 | €9,086 | -€124,032 | -93.2% |
| Financial debts | 43 | €0 | €20 | +€20 | |
| Credit institutions | 430/8 | €0 | €20 | +€20 | |
| Trade debts | 44 | €3,187 | €3,964 | +€777 | +24.4% |
| Suppliers | 440/4 | €3,187 | €3,964 | +€777 | +24.4% |
| Taxes, remuneration and social security | 45 | €58,792 | €57,362 | -€1,430 | -2.4% |
| Taxes | 450/3 | €58,792 | €57,362 | -€1,430 | -2.4% |
| Other amounts payable | 47/48 | €2,988 | €9,110 | +€6,122 | +205% |
| Non-recurring operating income | 76A | €23,403 | €5,165 | -€18,238 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,872 | €17,694 | +€3,822 | +27.6% |
| Other operating charges | 640/8 | €2,262 | €4,127 | +€1,865 | +82.4% |
| Gross operating margin | 9900 | €243,981 | €197,394 | -€46,587 | -19.1% |
| Operating profit (loss) | 9901 | €227,847 | €175,573 | -€52,274 | -22.9% |
| Financial income | 75/76B | €180,863 | €265,996 | +€85,133 | +47.1% |
| Recurring financial income | 75 | €180,863 | €265,996 | +€85,133 | +47.1% |
| Financial charges | 65/66B | €14,035 | €20,781 | +€6,746 | +48.1% |
| Recurring financial charges | 65 | €14,035 | €20,781 | +€6,746 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €394,676 | €420,788 | +€26,113 | +6.6% |
| Income taxes | 67/77 | €88,821 | €79,474 | -€9,347 | -10.5% |
| Profit (loss) for the period | 9904 | €305,855 | €341,314 | +€35,460 | +11.6% |
| Transfer from tax-exempt reserves | 789 | €35,600 | €0 | -€35,600 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €341,455 | €341,314 | -€140 | 0.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.