LEONARDO LEASE: 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.
LEONARDO LEASE
Largest movements
- Receivables after one year +€3.4m
up €3.4m (+72.8%), from €4.7m to €8.1m
- Tangible fixed assets +€1.1m
up €1.1m (+115%), from €975,000 to €2.1m
- Receivables within one year +€1.0m
up €1.0m (+163%), from €626,523 to €1.7m
of which Trade receivables: +€1.0m
- Current investments -€260,000
down €260,000 (-100%), from €260,000 to €0
- Debts after one year +€4.7m
new in 2025: €4.7m
- Profit (loss) carried forward +€402,667
up €402,667 (+635%), from €63,405 to €466,072
- Gross operating margin +€662,175
up €662,175 (+794%), from €83,369 to €745,544
- Financial charges +€212,611
up €212,611 (+622,944%), from €34 to €212,645
- Taxes +€115,748
up €115,748 (+548%), from €21,135 to €136,883
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 | €6,708,472 | €11,934,487 | +€5.2m | +77.9% |
| Fixed assets | 21/28 | €975,000 | €2,100,000 | +€1.1m | +115% |
| Tangible fixed assets | 22/27 | €975,000 | €2,100,000 | +€1.1m | +115% |
| Other tangible fixed assets | 26 | €975,000 | €2,100,000 | +€1.1m | +115% |
| Current assets | 29/58 | €5,733,472 | €9,834,487 | +€4.1m | +71.5% |
| Amounts receivable after more than one year | 29 | €4,669,210 | €8,068,051 | +€3.4m | +72.8% |
| Trade receivables | 290 | €4,669,210 | €8,068,051 | +€3.4m | +72.8% |
| Amounts receivable within one year | 40/41 | €626,523 | €1,650,490 | +€1.0m | +163% |
| Trade receivables | 40 | €615,967 | €1,648,992 | +€1.0m | +168% |
| Other amounts receivable | 41 | €10,555 | €1,498 | -€9,057 | -85.8% |
| Current investments | 50/53 | €260,000 | €0 | -€260,000 | -100% |
| Cash at bank and in hand | 54/58 | €177,740 | €108,688 | -€69,052 | -38.9% |
| Deferred charges and accrued income | 490/1 | - | €7,259 | +€7,259 | |
| Total equity and liabilities | 10/49 | €6,708,472 | €11,934,487 | +€5.2m | +77.9% |
| Equity | 10/15 | €6,663,405 | €7,066,072 | +€402,667 | +6.0% |
| Contributions | 10/11 | €6,600,000 | €6,600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,405 | €466,072 | +€402,667 | +635% |
| Amounts payable | 17/49 | €45,067 | €4,868,415 | +€4.8m | +10,703% |
| Amounts payable after more than one year | 17 | - | €4,675,500 | +€4.7m | |
| Financial debts | 170/4 | - | €4,675,500 | +€4.7m | |
| Amounts payable within one year | 42/48 | €45,067 | €143,624 | +€98,556 | +219% |
| Trade debts | 44 | €24,294 | €63,385 | +€39,091 | +161% |
| Suppliers | 440/4 | €24,294 | €63,385 | +€39,091 | +161% |
| Taxes, remuneration and social security | 45 | €20,773 | €80,238 | +€59,465 | +286% |
| Taxes | 450/3 | €20,773 | €80,238 | +€59,465 | +286% |
| Accrued charges and deferred income | 492/3 | - | €49,291 | +€49,291 | |
| Gross operating margin | 9900 | €83,369 | €745,544 | +€662,175 | +794% |
| Operating profit (loss) | 9901 | €83,369 | €745,544 | +€662,175 | +794% |
| Financial income | 75/76B | €1,205 | €6,652 | +€5,447 | +452% |
| Recurring financial income | 75 | €1,205 | €6,652 | +€5,447 | +452% |
| Financial charges | 65/66B | €34 | €212,645 | +€212,611 | +622,944% |
| Recurring financial charges | 65 | €34 | €212,645 | +€212,611 | +622,944% |
| Profit (loss) for the period before taxes | 9903 | €84,540 | €539,551 | +€455,011 | +538% |
| Income taxes | 67/77 | €21,135 | €136,883 | +€115,748 | +548% |
| Profit (loss) for the period | 9904 | €63,405 | €402,667 | +€339,263 | +535% |
| Profit (loss) for the period to be appropriated | 9905 | €63,405 | €402,667 | +€339,263 | +535% |
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.