LEONARD IMMO: 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.
LEONARD IMMO
Largest movements
- Stocks and contracts -€190,000
down €190,000 (-54.1%), from €351,500 to €161,500
- Receivables within one year -€5,045
down €5,045 (-49.6%), from €10,168 to €5,123
of which Other amounts receivable: -€4,078
- Short-term financial debts -€104,000
no longer reported in 2025 (was €104,000)
- Other debts -€96,584
down €96,584 (-39.6%), from €243,644 to €147,060
- Profit (loss) carried forward +€5,097
up €5,097 (+58.2%), from €8,757 to €13,854
- Financial charges +€4,101
up €4,101 (+310.2%), from €1,322 to €5,423
- Gross operating margin +€2,644
up €2,644 (+26.3%), from €10,045 to €12,690
- Taxes -€403
down €403 (-19.1%), from €2,116 to €1,712
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 | €363,480 | €169,274 | -€194,206 | -53.4% |
| Formation expenses | 20 | €109 | €0 | -€109 | -100.0% |
| Current assets | 29/58 | €363,371 | €169,274 | -€194,097 | -53.4% |
| Stocks and contracts in progress | 3 | €351,500 | €161,500 | -€190,000 | -54.1% |
| Stocks | 30/36 | €351,500 | €161,500 | -€190,000 | -54.1% |
| Amounts receivable within one year | 40/41 | €10,168 | €5,123 | -€5,045 | -49.6% |
| Trade receivables | 40 | €967 | - | -€967 | |
| Other amounts receivable | 41 | €9,201 | €5,123 | -€4,078 | -44.3% |
| Cash at bank and in hand | 54/58 | €1,703 | €2,651 | +€948 | +55.7% |
| Total equity and liabilities | 10/49 | €363,480 | €169,274 | -€194,206 | -53.4% |
| Equity | 10/15 | €10,757 | €15,854 | +€5,097 | +47.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,757 | €13,854 | +€5,097 | +58.2% |
| Amounts payable | 17/49 | €352,723 | €153,420 | -€199,303 | -56.5% |
| Amounts payable within one year | 42/48 | €352,723 | €153,420 | -€199,303 | -56.5% |
| Financial debts | 43 | €104,000 | - | -€104,000 | |
| Credit institutions | 430/8 | €104,000 | - | -€104,000 | |
| Trade debts | 44 | €2,879 | €2,117 | -€762 | -26.5% |
| Suppliers | 440/4 | €2,879 | €2,117 | -€762 | -26.5% |
| Taxes, remuneration and social security | 45 | €2,200 | €4,244 | +€2,044 | +92.9% |
| Taxes | 450/3 | €2,200 | €4,244 | +€2,044 | +92.9% |
| Other amounts payable | 47/48 | €243,644 | €147,060 | -€96,584 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217 | €109 | -€109 | -50.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €109 | €15 | -€94 | -86.2% |
| Gross operating margin | 9900 | €10,045 | €12,690 | +€2,644 | +26.3% |
| Operating profit (loss) | 9901 | €9,332 | €12,166 | +€2,834 | +30.4% |
| Financial income | 75/76B | €0 | €67 | +€66 | +14053.2% |
| Recurring financial income | 75 | €0 | €66 | +€66 | +13985.1% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,322 | €5,423 | +€4,101 | +310.2% |
| Recurring financial charges | 65 | €1,322 | €5,423 | +€4,101 | +310.2% |
| Profit (loss) for the period before taxes | 9903 | €8,010 | €6,810 | -€1,201 | -15.0% |
| Income taxes | 67/77 | €2,116 | €1,712 | -€403 | -19.1% |
| Profit (loss) for the period | 9904 | €5,895 | €5,097 | -€797 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,895 | €5,097 | -€797 | -13.5% |
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 8 October 2026 via checked.be.