LEONCIO: 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.
LEONCIO
Largest movements
- Tangible fixed assets +€2.9m
up €2.9m (+307.8%), from €933,000 to €3.8m
- Financial fixed assets -€1.6m
down €1.6m (-100.0%), from €1.6m to €0
- Cash +€58,082
up €58,082 (+118.2%), from €49,129 to €107,210
mainly Debts after one year (+€1.2m) and Current portion of long-term debt (+€78,974)
- Debts after one year +€1.2m
up €1.2m (+80.0%), from €1.5m to €2.6m
of which Financial debts: +€1.1m
- Current portion of long-term debt +€78,974
up €78,974 (+96.1%), from €82,188 to €161,162
- Other debts +€47,150
new in 2025: €47,150
- Accrued charges and deferred income +€43,688
up €43,688 (+69.6%), from €62,727 to €106,414
- Gross operating margin +€65,806
up €65,806 (+166.4%), from €39,556 to €105,361
- Depreciation +€37,298
up €37,298, from €0 to €37,298
- Financial charges +€16,430
up €16,430 (+59.3%), from €27,698 to €44,128
- Other operating charges +€12,014
up €12,014 (+1106.8%), from €1,086 to €13,100
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 | €2,574,191 | €3,918,552 | +€1.3m | +52.2% |
| Fixed assets | 21/28 | €2,524,579 | €3,804,943 | +€1.3m | +50.7% |
| Tangible fixed assets | 22/27 | €933,000 | €3,804,943 | +€2.9m | +307.8% |
| Land and buildings | 22 | €933,000 | €3,804,943 | +€2.9m | +307.8% |
| Financial fixed assets | 28 | €1,591,579 | €0 | -€1.6m | -100.0% |
| Current assets | 29/58 | €49,611 | €113,609 | +€63,997 | +129.0% |
| Amounts receivable within one year | 40/41 | €482 | €1,781 | +€1,298 | +269.2% |
| Trade receivables | 40 | €0 | €943 | +€943 | |
| Other amounts receivable | 41 | €482 | €838 | +€355 | +73.7% |
| Cash at bank and in hand | 54/58 | €49,129 | €107,210 | +€58,082 | +118.2% |
| Deferred charges and accrued income | 490/1 | - | €4,618 | +€4,618 | |
| Total equity and liabilities | 10/49 | €2,574,191 | €3,918,552 | +€1.3m | +52.2% |
| Equity | 10/15 | €971,252 | €979,563 | +€8,312 | +0.9% |
| Contributions | 10/11 | €958,000 | €958,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,252 | €21,563 | +€8,312 | +62.7% |
| Amounts payable | 17/49 | €1,602,939 | €2,938,988 | +€1.3m | +83.3% |
| Amounts payable after more than one year | 17 | €1,454,889 | €2,618,524 | +€1.2m | +80.0% |
| Financial debts | 170/4 | €755,889 | €1,869,524 | +€1.1m | +147.3% |
| Other amounts payable | 178/9 | €699,000 | €749,000 | +€50,000 | +7.2% |
| Amounts payable within one year | 42/48 | €85,324 | €214,050 | +€128,726 | +150.9% |
| Current portion of amounts payable after more than one year | 42 | €82,188 | €161,162 | +€78,974 | +96.1% |
| Trade debts | 44 | €2,440 | €2,461 | +€21 | +0.8% |
| Suppliers | 440/4 | €2,440 | €2,461 | +€21 | +0.8% |
| Advances received on contracts in progress | 46 | - | €2,330 | +€2,330 | |
| Taxes, remuneration and social security | 45 | €695 | €947 | +€252 | +36.2% |
| Taxes | 450/3 | €695 | €947 | +€252 | +36.2% |
| Other amounts payable | 47/48 | - | €47,150 | +€47,150 | |
| Accrued charges and deferred income | 492/3 | €62,727 | €106,414 | +€43,688 | +69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €37,298 | +€37,298 | |
| Other operating charges | 640/8 | €1,086 | €13,100 | +€12,014 | +1106.8% |
| Gross operating margin | 9900 | €39,556 | €105,361 | +€65,806 | +166.4% |
| Operating profit (loss) | 9901 | €38,470 | €54,963 | +€16,493 | +42.9% |
| Financial income | 75/76B | - | €326 | +€326 | |
| Recurring financial income | 75 | - | €326 | +€326 | |
| Financial charges | 65/66B | €27,698 | €44,128 | +€16,430 | +59.3% |
| Recurring financial charges | 65 | €27,698 | €44,128 | +€16,430 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €10,772 | €11,161 | +€389 | +3.6% |
| Income taxes | 67/77 | €2,695 | €2,850 | +€154 | +5.7% |
| Profit (loss) for the period | 9904 | €8,077 | €8,312 | +€235 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,077 | €8,312 | +€235 | +2.9% |
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 7 October 2026 via checked.be.