LEONE BELGIUM: 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.
LEONE BELGIUM
Largest movements
- Stocks and contracts -€9,271
down €9,271 (-66.6%), from €13,931 to €4,659
of which Stocks: -€9,271
- Tangible fixed assets +€2,111
up €2,111, from €0 to €2,111
of which Plant, machinery and equipment: +€2,111
- Receivables within one year +€769
up €769 (+302%), from €254 to €1,023
of which Trade receivables: +€769
- Cash +€729
up €729 (+11.7%), from €6,213 to €6,942
mainly Stocks and contracts (+€9,271) and Other debts (+€6,434)
- Trade debts -€10,449
down €10,449 (-84.9%), from €12,305 to €1,856
- Other debts +€6,434
up €6,434 (+97.4%), from €6,608 to €13,042
- Profit (loss) carried forward -€1,233
down €1,233 (-9.4%), from -€13,140 to -€14,374
- Tax, wage and social debts -€415
down €415 (-18.7%), from €2,226 to €1,811
- Financial income -€3,795
down €3,795 (-99.3%), from €3,821 to €26
of which Non-recurring financial income: -€3,820
- Gross operating margin +€737
up €737 (+73.4%), from -€1,004 to -€267
- Other operating charges +€400
up €400, from €0 to €400
- Depreciation +€318
new in 2025: €318
- Financial charges -€174
down €174 (-38.8%), from €448 to €274
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 | €20,398 | €14,735 | -€5,663 | -27.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €2,111 | +€2,111 | |
| Tangible fixed assets | 22/27 | €0 | €2,111 | +€2,111 | |
| Plant, machinery and equipment | 23 | - | €2,111 | +€2,111 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €20,398 | €12,624 | -€7,774 | -38.1% |
| Stocks and contracts in progress | 3 | €13,931 | €4,659 | -€9,271 | -66.6% |
| Stocks | 30/36 | €13,931 | €4,659 | -€9,271 | -66.6% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €254 | €1,023 | +€769 | +302% |
| Trade receivables | 40 | €254 | €1,023 | +€769 | +302% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €6,213 | €6,942 | +€729 | +11.7% |
| Total equity and liabilities | 10/49 | €20,398 | €14,735 | -€5,663 | -27.8% |
| Equity | 10/15 | -€740 | -€1,974 | -€1,233 | -167% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,140 | -€14,374 | -€1,233 | -9.4% |
| Amounts payable | 17/49 | €21,139 | €16,709 | -€4,430 | -21.0% |
| Amounts payable within one year | 42/48 | €21,139 | €16,709 | -€4,430 | -21.0% |
| Trade debts | 44 | €12,305 | €1,856 | -€10,449 | -84.9% |
| Suppliers | 440/4 | €12,305 | €1,856 | -€10,449 | -84.9% |
| Taxes, remuneration and social security | 45 | €2,226 | €1,811 | -€415 | -18.7% |
| Taxes | 450/3 | €2,226 | €1,811 | -€415 | -18.7% |
| Other amounts payable | 47/48 | €6,608 | €13,042 | +€6,434 | +97.4% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €0 | €10,055 | +€10,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €318 | +€318 | |
| Other operating charges | 640/8 | €0 | €400 | +€400 | |
| Gross operating margin | 9900 | -€1,004 | -€267 | +€737 | +73.4% |
| Operating profit (loss) | 9901 | -€1,004 | -€985 | +€19 | +1.9% |
| Financial income | 75/76B | €3,821 | €26 | -€3,795 | -99.3% |
| Recurring financial income | 75 | €1 | €26 | +€25 | +2,232% |
| Non-recurring financial income | 76B | €3,820 | - | -€3,820 | |
| Financial charges | 65/66B | €448 | €274 | -€174 | -38.8% |
| Recurring financial charges | 65 | €448 | €274 | -€174 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €2,369 | -€1,233 | -€3,602 | |
| Profit (loss) for the period | 9904 | €2,369 | -€1,233 | -€3,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,369 | -€1,233 | -€3,602 |
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 29 October 2026 via checked.be.