LEOLEO: 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.
LEOLEO
Largest movements
- Cash +€12,656
up €12,656 (+20.8%), from €60,721 to €73,378
mainly Net result for the year (+€30,061) and Other debts (+€2,751)
- Tangible fixed assets +€3,302
up €3,302 (+185.9%), from €1,777 to €5,079
of which Plant, machinery and equipment: +€1,743
- Profit (loss) carried forward +€30,061
up €30,061 (+45.5%), from €66,023 to €96,085
- Tax, wage and social debts -€16,557
down €16,557 (-53.8%), from €30,798 to €14,240
of which Taxes: -€9,781
- Other debts +€2,751
up €2,751 (+5986.8%), from €46 to €2,797
- Gross operating margin -€14,642
down €14,642 (-27.2%), from €53,805 to €39,163
- Taxes -€2,970
down €2,970 (-27.6%), from €10,742 to €7,772
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 | €106,327 | €122,709 | +€16,382 | +15.4% |
| Fixed assets | 21/28 | €1,777 | €5,079 | +€3,302 | +185.9% |
| Tangible fixed assets | 22/27 | €1,777 | €5,079 | +€3,302 | +185.9% |
| Plant, machinery and equipment | 23 | - | €1,743 | +€1,743 | |
| Furniture and vehicles | 24 | €1,777 | €3,336 | +€1,559 | +87.8% |
| Current assets | 29/58 | €104,551 | €117,630 | +€13,080 | +12.5% |
| Amounts receivable within one year | 40/41 | €43,742 | €44,165 | +€424 | +1.0% |
| Trade receivables | 40 | €43,742 | €44,165 | +€424 | +1.0% |
| Cash at bank and in hand | 54/58 | €60,721 | €73,378 | +€12,656 | +20.8% |
| Deferred charges and accrued income | 490/1 | €88 | €88 | = | 0.0% |
| Total equity and liabilities | 10/49 | €106,327 | €122,709 | +€16,382 | +15.4% |
| Equity | 10/15 | €69,023 | €99,085 | +€30,061 | +43.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,023 | €96,085 | +€30,061 | +45.5% |
| Amounts payable | 17/49 | €37,304 | €23,625 | -€13,679 | -36.7% |
| Amounts payable within one year | 42/48 | €36,465 | €22,758 | -€13,707 | -37.6% |
| Trade debts | 44 | €5,622 | €5,721 | +€99 | +1.8% |
| Suppliers | 440/4 | €5,622 | €5,721 | +€99 | +1.8% |
| Taxes, remuneration and social security | 45 | €30,798 | €14,240 | -€16,557 | -53.8% |
| Taxes | 450/3 | €24,022 | €14,240 | -€9,781 | -40.7% |
| Remuneration and social security | 454/9 | €6,776 | - | -€6,776 | |
| Other amounts payable | 47/48 | €46 | €2,797 | +€2,751 | +5986.8% |
| Accrued charges and deferred income | 492/3 | €839 | €867 | +€28 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €958 | €601 | -€357 | -37.3% |
| Other operating charges | 640/8 | €391 | €638 | +€247 | +63.0% |
| Gross operating margin | 9900 | €53,805 | €39,163 | -€14,642 | -27.2% |
| Operating profit (loss) | 9901 | €52,455 | €37,924 | -€14,531 | -27.7% |
| Financial charges | 65/66B | €64 | €90 | +€26 | +40.8% |
| Recurring financial charges | 65 | €64 | €90 | +€26 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €52,391 | €37,834 | -€14,557 | -27.8% |
| Income taxes | 67/77 | €10,742 | €7,772 | -€2,970 | -27.6% |
| Profit (loss) for the period | 9904 | €41,649 | €30,061 | -€11,588 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,649 | €30,061 | -€11,588 | -27.8% |
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 29 September 2026 via checked.be.