LEON RENOV: 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 RENOV
Largest movements
- Receivables within one year +€44,385
up €44,385 (+201%), from €22,124 to €66,510
of which Trade receivables: +€43,948
- Cash +€25,726
up €25,726 (+155%), from €16,570 to €42,296
mainly Other debts (+€55,344) and Net result for the year (+€48,657)
- Tangible fixed assets -€4,807
down €4,807 (-51.1%), from €9,409 to €4,601
of which Furniture and vehicles: -€3,634
- Deferred charges and accrued income +€2,348
up €2,348 (+1,123%), from €209 to €2,557
- Other debts +€55,344
up €55,344 (+206%), from €26,875 to €82,219
- Trade debts +€9,465
up €9,465 (+143%), from €6,598 to €16,064
- Tax, wage and social debts +€5,969
up €5,969 (+68.5%), from €8,713 to €14,682
of which Remuneration and social security: +€6,170
- Profit (loss) carried forward -€3,126
no longer reported in 2025 (was €3,126)
- Gross operating margin +€96,034
up €96,034 (+2,464%), from €3,898 to €99,932
- Staff costs +€13,693
up €13,693 (+53.5%), from €25,602 to €39,295
- Taxes +€5,557
new in 2025: €5,557
- Other operating charges -€3,630
down €3,630 (-81.2%), from €4,472 to €842
- Financial charges -€2,375
down €2,375 (-81.9%), from €2,898 to €524
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 | €48,313 | €115,965 | +€67,652 | +140% |
| Fixed assets | 21/28 | €9,409 | €4,601 | -€4,807 | -51.1% |
| Tangible fixed assets | 22/27 | €9,409 | €4,601 | -€4,807 | -51.1% |
| Plant, machinery and equipment | 23 | €3,209 | €2,035 | -€1,174 | -36.6% |
| Furniture and vehicles | 24 | €6,200 | €2,566 | -€3,634 | -58.6% |
| Current assets | 29/58 | €38,904 | €111,364 | +€72,460 | +186% |
| Amounts receivable within one year | 40/41 | €22,124 | €66,510 | +€44,385 | +201% |
| Trade receivables | 40 | €20,681 | €64,629 | +€43,948 | +213% |
| Other amounts receivable | 41 | €1,444 | €1,881 | +€437 | +30.3% |
| Cash at bank and in hand | 54/58 | €16,570 | €42,296 | +€25,726 | +155% |
| Deferred charges and accrued income | 490/1 | €209 | €2,557 | +€2,348 | +1,123% |
| Total equity and liabilities | 10/49 | €48,313 | €115,965 | +€67,652 | +140% |
| Equity | 10/15 | €6,126 | €3,000 | -€3,126 | -51.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,126 | - | -€3,126 | |
| Amounts payable | 17/49 | €42,186 | €112,965 | +€70,779 | +168% |
| Amounts payable within one year | 42/48 | €42,186 | €112,965 | +€70,779 | +168% |
| Trade debts | 44 | €6,598 | €16,064 | +€9,465 | +143% |
| Suppliers | 440/4 | €6,598 | €16,064 | +€9,465 | +143% |
| Taxes, remuneration and social security | 45 | €8,713 | €14,682 | +€5,969 | +68.5% |
| Taxes | 450/3 | €6,154 | €5,954 | -€201 | -3.3% |
| Remuneration and social security | 454/9 | €2,559 | €8,729 | +€6,170 | +241% |
| Other amounts payable | 47/48 | €26,875 | €82,219 | +€55,344 | +206% |
| Remuneration, social security and pensions | 62 | €25,602 | €39,295 | +€13,693 | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,356 | €4,807 | +€452 | +10.4% |
| Other operating charges | 640/8 | €4,472 | €842 | -€3,630 | -81.2% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €3,898 | €99,932 | +€96,034 | +2,464% |
| Operating profit (loss) | 9901 | -€30,532 | €54,738 | +€85,270 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,898 | €524 | -€2,375 | -81.9% |
| Recurring financial charges | 65 | €2,898 | €524 | -€2,375 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | -€33,431 | €54,214 | +€87,645 | |
| Income taxes | 67/77 | - | €5,557 | +€5,557 | |
| Profit (loss) for the period | 9904 | -€33,431 | €48,657 | +€82,088 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,431 | €48,657 | +€82,088 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.