LEON FR.: what changed
LEON FR.
Largest movements
- Stocks and contracts -€2,968
down €2,968 (-9.2%), from €32,127 to €29,159
- Receivables within one year -€1,779
down €1,779 (-40.7%), from €4,373 to €2,594
of which Trade receivables: -€1,676
- Tangible fixed assets -€998
no longer reported in 2025 (was €998)
- Cash -€680
down €680 (-40.3%), from €1,688 to €1,008
mainly Other debts (-€9,780) and Deferred charges and accrued income (-€17)
- Other debts -€9,780
down €9,780 (-36.8%), from €26,589 to €16,809
- Profit (loss) carried forward +€2,352
up €2,352 (+22.9%), from -€10,257 to -€7,905
- Trade debts +€1,021
up €1,021 (+30.3%), from €3,369 to €4,389
- Financial income +€8,583
up €8,583 (+5,039%), from €170 to €8,753
- Gross operating margin +€4,309
up €4,309 (+46.7%), from -€9,222 to -€4,914
- Depreciation -€1,988
down €1,988 (-66.6%), from €2,985 to €998
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,161 | €33,753 | -€6,407 | -16.0% |
| Fixed assets | 21/28 | €1,270 | €272 | -€998 | -78.6% |
| Tangible fixed assets | 22/27 | €998 | - | -€998 | |
| Furniture and vehicles | 24 | €998 | - | -€998 | |
| Financial fixed assets | 28 | €272 | €272 | = | 0.0% |
| Current assets | 29/58 | €38,891 | €33,481 | -€5,410 | -13.9% |
| Stocks and contracts in progress | 3 | €32,127 | €29,159 | -€2,968 | -9.2% |
| Stocks | 30/36 | €32,127 | €29,159 | -€2,968 | -9.2% |
| Amounts receivable within one year | 40/41 | €4,373 | €2,594 | -€1,779 | -40.7% |
| Trade receivables | 40 | €2,205 | €529 | -€1,676 | -76.0% |
| Other amounts receivable | 41 | €2,168 | €2,065 | -€104 | -4.8% |
| Cash at bank and in hand | 54/58 | €1,688 | €1,008 | -€680 | -40.3% |
| Deferred charges and accrued income | 490/1 | €703 | €721 | +€17 | +2.4% |
| Total equity and liabilities | 10/49 | €40,161 | €33,753 | -€6,407 | -16.0% |
| Equity | 10/15 | €10,203 | €12,555 | +€2,352 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,257 | -€7,905 | +€2,352 | +22.9% |
| Amounts payable | 17/49 | €29,957 | €21,198 | -€8,759 | -29.2% |
| Amounts payable within one year | 42/48 | €29,957 | €21,198 | -€8,759 | -29.2% |
| Trade debts | 44 | €3,369 | €4,389 | +€1,021 | +30.3% |
| Suppliers | 440/4 | €3,369 | €4,389 | +€1,021 | +30.3% |
| Other amounts payable | 47/48 | €26,589 | €16,809 | -€9,780 | -36.8% |
| Non-recurring operating income | 76A | €3,633 | €2,790 | -€843 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,985 | €998 | -€1,988 | -66.6% |
| Other operating charges | 640/8 | €55 | €55 | = | 0.0% |
| Gross operating margin | 9900 | -€9,222 | -€4,914 | +€4,309 | +46.7% |
| Operating profit (loss) | 9901 | -€12,262 | -€5,966 | +€6,296 | +51.3% |
| Financial income | 75/76B | €170 | €8,753 | +€8,583 | +5,039% |
| Recurring financial income | 75 | €170 | €8,753 | +€8,583 | +5,039% |
| Financial charges | 65/66B | €175 | €212 | +€37 | +20.8% |
| Recurring financial charges | 65 | €175 | €212 | +€37 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,267 | €2,575 | +€14,842 | |
| Income taxes | 67/77 | €217 | €223 | +€6 | +2.8% |
| Profit (loss) for the period | 9904 | -€12,484 | €2,352 | +€14,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,484 | €2,352 | +€14,836 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.