Leonardo the Vinchy: 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 the Vinchy
Largest movements
- Cash +€7,964
up €7,964 (+13.9%), from €57,431 to €65,394
mainly Net result for the year (+€8,556) and Other debts (+€3,076)
- Receivables within one year -€2,815
down €2,815 (-55.6%), from €5,059 to €2,244
of which Trade receivables: -€3,130
- Reserves +€8,556
up €8,556 (+15.2%), from €56,161 to €64,717
- Tax, wage and social debts -€5,850
down €5,850 (-87.6%), from €6,681 to €832
of which Remuneration and social security: -€3,750
- Other debts +€3,076
new in 2026: €3,076
- Accrued charges and deferred income -€939
down €939 (-73.5%), from €1,277 to €338
- Gross operating margin -€48,303
down €48,303 (-81.2%), from €59,451 to €11,148
- Taxes -€2,648
down €2,648 (-92.1%), from €2,874 to €226
- Depreciation +€1,763
up €1,763 (+453%), from €389 to €2,152
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,860 | €72,093 | +€5,233 | +7.8% |
| Fixed assets | 21/28 | €4,370 | €4,455 | +€85 | +1.9% |
| Tangible fixed assets | 22/27 | €4,370 | €4,455 | +€85 | +1.9% |
| Furniture and vehicles | 24 | €4,370 | €4,455 | +€85 | +1.9% |
| Current assets | 29/58 | €62,490 | €67,638 | +€5,148 | +8.2% |
| Amounts receivable within one year | 40/41 | €5,059 | €2,244 | -€2,815 | -55.6% |
| Trade receivables | 40 | €4,257 | €1,126 | -€3,130 | -73.5% |
| Other amounts receivable | 41 | €803 | €1,118 | +€315 | +39.2% |
| Cash at bank and in hand | 54/58 | €57,431 | €65,394 | +€7,964 | +13.9% |
| Total equity and liabilities | 10/49 | €66,860 | €72,093 | +€5,233 | +7.8% |
| Equity | 10/15 | €58,561 | €67,117 | +€8,556 | +14.6% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €56,161 | €64,717 | +€8,556 | +15.2% |
| Distributable reserves | 133 | €56,161 | €64,717 | +€8,556 | +15.2% |
| Amounts payable | 17/49 | €8,299 | €4,976 | -€3,323 | -40.0% |
| Amounts payable within one year | 42/48 | €7,022 | €4,638 | -€2,384 | -34.0% |
| Trade debts | 44 | €341 | €730 | +€389 | +114% |
| Suppliers | 440/4 | €341 | €730 | +€389 | +114% |
| Taxes, remuneration and social security | 45 | €6,681 | €832 | -€5,850 | -87.6% |
| Taxes | 450/3 | €2,931 | €832 | -€2,100 | -71.6% |
| Remuneration and social security | 454/9 | €3,750 | - | -€3,750 | |
| Other amounts payable | 47/48 | - | €3,076 | +€3,076 | |
| Accrued charges and deferred income | 492/3 | €1,277 | €338 | -€939 | -73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389 | €2,152 | +€1,763 | +453% |
| Gross operating margin | 9900 | €59,451 | €11,148 | -€48,303 | -81.2% |
| Operating profit (loss) | 9901 | €59,062 | €8,995 | -€50,067 | -84.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €27 | €212 | +€186 | +699% |
| Recurring financial charges | 65 | €27 | €212 | +€186 | +699% |
| Profit (loss) for the period before taxes | 9903 | €59,035 | €8,783 | -€50,252 | -85.1% |
| Income taxes | 67/77 | €2,874 | €226 | -€2,648 | -92.1% |
| Profit (loss) for the period | 9904 | €56,161 | €8,556 | -€47,604 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,161 | €8,556 | -€47,604 | -84.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.