LEONARD en VICTOR: what changed
LEONARD en VICTOR
Largest movements
- Cash -€2,243
down €2,243 (-57.5%), from €3,904 to €1,661
mainly Net result for the year (-€1,970) and Receivables within one year (-€270)
- Receivables within one year +€270
up €270 (+26.6%), from €1,016 to €1,286
of which Other amounts receivable: +€270
- Profit (loss) carried forward -€1,970
down €1,970 (-5.9%), from -€33,623 to -€35,593
- Depreciation -€735
down €735 (-97.1%), from €757 to €22
- Gross operating margin -€515
down €515 (-68.3%), from -€754 to -€1,269
- Other operating charges +€17
up €17 (+2.9%), from €592 to €609
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 | €4,942 | €2,947 | -€1,995 | -40.4% |
| Fixed assets | 21/28 | €22 | - | -€22 | |
| Tangible fixed assets | 22/27 | €22 | - | -€22 | |
| Plant, machinery and equipment | 23 | €22 | - | -€22 | |
| Current assets | 29/58 | €4,920 | €2,947 | -€1,973 | -40.1% |
| Amounts receivable within one year | 40/41 | €1,016 | €1,286 | +€270 | +26.6% |
| Trade receivables | 40 | €746 | €746 | = | 0.0% |
| Other amounts receivable | 41 | €270 | €540 | +€270 | +100% |
| Cash at bank and in hand | 54/58 | €3,904 | €1,661 | -€2,243 | -57.5% |
| Total equity and liabilities | 10/49 | €4,942 | €2,947 | -€1,995 | -40.4% |
| Equity | 10/15 | -€14,589 | -€16,559 | -€1,970 | -13.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €442 | €442 | = | 0.0% |
| Distributable reserves | 133 | €442 | €442 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,623 | -€35,593 | -€1,970 | -5.9% |
| Amounts payable | 17/49 | €19,531 | €19,506 | -€25 | -0.1% |
| Amounts payable within one year | 42/48 | €11,852 | €11,827 | -€25 | -0.2% |
| Trade debts | 44 | €348 | €323 | -€25 | -7.2% |
| Suppliers | 440/4 | €348 | €323 | -€25 | -7.2% |
| Other amounts payable | 47/48 | €11,504 | €11,504 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,679 | €7,679 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €757 | €22 | -€735 | -97.1% |
| Other operating charges | 640/8 | €592 | €609 | +€17 | +2.9% |
| Gross operating margin | 9900 | -€754 | -€1,269 | -€515 | -68.3% |
| Operating profit (loss) | 9901 | -€2,103 | -€1,900 | +€203 | +9.7% |
| Financial charges | 65/66B | €65 | €70 | +€5 | +7.7% |
| Recurring financial charges | 65 | €65 | €70 | +€5 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,168 | -€1,970 | +€198 | +9.1% |
| Profit (loss) for the period | 9904 | -€2,168 | -€1,970 | +€198 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,168 | -€1,970 | +€198 | +9.1% |
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.