LEON!: 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.
LEON!
Largest movements
- Financial fixed assets +€875,000
up €875,000 (+19337.0%), from €4,525 to €879,525
- Receivables within one year -€121,795
down €121,795 (-89.4%), from €136,179 to €14,385
of which Other amounts receivable: -€61,621
- Deferred charges and accrued income -€80,184
down €80,184 (-64.9%), from €123,553 to €43,368
- Tangible fixed assets +€79,384
up €79,384 (+7.0%), from €1.1m to €1.2m
of which Furniture and vehicles: +€65,839
- Other debts +€903,832
up €903,832 (+1158.3%), from €78,030 to €981,862
- Reserves -€796,483
down €796,483 (-58.6%), from €1.4m to €563,452
of which Distributable reserves: -€878,961
- Short-term financial debts +€600,000
new in 2025: €600,000
- Debts after one year +€121,774
up €121,774 (+42.3%), from €287,682 to €409,456
- Trade debts -€117,056
down €117,056 (-94.3%), from €124,096 to €7,040
- Depreciation +€26,598
up €26,598 (+62.0%), from €42,890 to €69,487
- Taxes -€17,048
down €17,048 (-21.0%), from €81,333 to €64,285
- Gross operating margin +€3,851
up €3,851 (+1.3%), from €299,012 to €302,863
- Financial charges +€3,499
up €3,499 (+38.3%), from €9,129 to €12,628
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 | €2,118,779 | €2,849,139 | +€730,359 | +34.5% |
| Fixed assets | 21/28 | €1,133,057 | €2,087,441 | +€954,384 | +84.2% |
| Tangible fixed assets | 22/27 | €1,128,532 | €1,207,916 | +€79,384 | +7.0% |
| Land and buildings | 22 | €1,101,404 | €1,083,697 | -€17,707 | -1.6% |
| Plant, machinery and equipment | 23 | €2,518 | €2,115 | -€403 | -16.0% |
| Furniture and vehicles | 24 | €24,610 | €90,449 | +€65,839 | +267.5% |
| Leasing and similar rights | 25 | - | €31,655 | +€31,655 | |
| Financial fixed assets | 28 | €4,525 | €879,525 | +€875,000 | +19337.0% |
| Current assets | 29/58 | €985,722 | €761,698 | -€224,024 | -22.7% |
| Amounts receivable after more than one year | 29 | €643,083 | €643,083 | = | 0.0% |
| Other amounts receivable | 291 | €643,083 | €643,083 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €136,179 | €14,385 | -€121,795 | -89.4% |
| Trade receivables | 40 | €64,130 | €3,956 | -€60,174 | -93.8% |
| Other amounts receivable | 41 | €72,049 | €10,428 | -€61,621 | -85.5% |
| Cash at bank and in hand | 54/58 | €82,907 | €60,862 | -€22,045 | -26.6% |
| Deferred charges and accrued income | 490/1 | €123,553 | €43,368 | -€80,184 | -64.9% |
| Total equity and liabilities | 10/49 | €2,118,779 | €2,849,139 | +€730,359 | +34.5% |
| Equity | 10/15 | €1,544,733 | €748,250 | -€796,483 | -51.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,359,935 | €563,452 | -€796,483 | -58.6% |
| Tax-exempt reserves | 132 | €40,819 | €123,297 | +€82,478 | +202.1% |
| Distributable reserves | 133 | €1,319,115 | €440,155 | -€878,961 | -66.6% |
| Profit (loss) carried forward | 14 | €166,199 | €166,199 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,461 | €10,007 | -€454 | -4.3% |
| Deferred taxes | 168 | €10,461 | €10,007 | -€454 | -4.3% |
| Amounts payable | 17/49 | €563,585 | €2,090,881 | +€1.5m | +271.0% |
| Amounts payable after more than one year | 17 | €287,682 | €409,456 | +€121,774 | +42.3% |
| Financial debts | 170/4 | €287,682 | €409,456 | +€121,774 | +42.3% |
| Amounts payable within one year | 42/48 | €275,903 | €1,677,128 | +€1.4m | +507.9% |
| Current portion of amounts payable after more than one year | 42 | €43,684 | €71,147 | +€27,463 | +62.9% |
| Financial debts | 43 | - | €600,000 | +€600,000 | |
| Credit institutions | 430/8 | - | €600,000 | +€600,000 | |
| Trade debts | 44 | €124,096 | €7,040 | -€117,056 | -94.3% |
| Suppliers | 440/4 | €124,096 | €7,040 | -€117,056 | -94.3% |
| Taxes, remuneration and social security | 45 | €30,093 | €17,079 | -€13,014 | -43.2% |
| Taxes | 450/3 | €30,093 | €17,079 | -€13,014 | -43.2% |
| Other amounts payable | 47/48 | €78,030 | €981,862 | +€903,832 | +1158.3% |
| Accrued charges and deferred income | 492/3 | - | €4,298 | +€4,298 | |
| Non-recurring operating income | 76A | €34,359 | - | -€34,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,890 | €69,487 | +€26,598 | +62.0% |
| Other operating charges | 640/8 | €10,263 | €11,566 | +€1,303 | +12.7% |
| Gross operating margin | 9900 | €299,012 | €302,863 | +€3,851 | +1.3% |
| Operating profit (loss) | 9901 | €245,859 | €221,809 | -€24,050 | -9.8% |
| Financial income | 75/76B | €21,032 | €20,028 | -€1,004 | -4.8% |
| Recurring financial income | 75 | €21,032 | €20,028 | -€1,004 | -4.8% |
| Financial charges | 65/66B | €9,129 | €12,628 | +€3,499 | +38.3% |
| Recurring financial charges | 65 | €9,129 | €12,628 | +€3,499 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €257,763 | €229,210 | -€28,553 | -11.1% |
| Transfer from deferred taxes | 780 | €454 | €454 | = | 0.0% |
| Income taxes | 67/77 | €81,333 | €64,285 | -€17,048 | -21.0% |
| Profit (loss) for the period | 9904 | €176,884 | €165,379 | -€11,505 | -6.5% |
| Transfer from tax-exempt reserves | 789 | €1,772 | €1,722 | -€50 | -2.8% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €178,656 | €82,901 | -€95,755 | -53.6% |
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 12 October 2026 via checked.be.