LEONINO: 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.
LEONINO
Largest movements
- Stocks and contracts +€34,096
up €34,096 (+139.9%), from €24,370 to €58,466
- Receivables within one year -€19,034
down €19,034 (-57.0%), from €33,410 to €14,376
of which Trade receivables: -€18,324
- Deferred charges and accrued income +€17,184
new in 2025: €17,184
- Tangible fixed assets -€14,910
down €14,910 (-16.9%), from €87,971 to €73,061
of which Plant, machinery and equipment: -€24,926
- Cash -€3,855
down €3,855 (-31.1%), from €12,390 to €8,535
mainly Stocks and contracts (-€34,096) and Investment in fixed assets (net) (-€27,194)
- Other debts +€18,777
up €18,777 (+287.2%), from €6,539 to €25,315
- Current portion of long-term debt -€18,211
down €18,211 (-59.2%), from €30,751 to €12,541
- Tax, wage and social debts +€12,580
up €12,580 (+249.5%), from €5,041 to €17,622
of which Remuneration and social security: +€11,424
- Debts after one year -€12,541
down €12,541 (-25.5%), from €49,221 to €36,680
- Reserves +€10,000
up €10,000 (+20.4%), from €49,089 to €59,089
- Staff costs +€60,220
up €60,220 (+260.8%), from €23,093 to €83,313
- Gross operating margin +€59,188
up €59,188 (+67.0%), from €88,282 to €147,471
- Depreciation +€7,324
up €7,324 (+21.1%), from €34,780 to €42,104
- Taxes -€4,128
down €4,128 (-49.4%), from €8,359 to €4,231
- Other operating charges -€2,690
down €2,690 (-50.1%), from €5,372 to €2,682
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 | €162,341 | €175,822 | +€13,481 | +8.3% |
| Fixed assets | 21/28 | €92,171 | €77,261 | -€14,910 | -16.2% |
| Tangible fixed assets | 22/27 | €87,971 | €73,061 | -€14,910 | -16.9% |
| Plant, machinery and equipment | 23 | €86,911 | €61,985 | -€24,926 | -28.7% |
| Furniture and vehicles | 24 | €1,060 | €11,076 | +€10,016 | +945.3% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €70,170 | €98,561 | +€28,391 | +40.5% |
| Stocks and contracts in progress | 3 | €24,370 | €58,466 | +€34,096 | +139.9% |
| Stocks | 30/36 | €24,370 | €58,466 | +€34,096 | +139.9% |
| Amounts receivable within one year | 40/41 | €33,410 | €14,376 | -€19,034 | -57.0% |
| Trade receivables | 40 | €28,790 | €10,466 | -€18,324 | -63.6% |
| Other amounts receivable | 41 | €4,620 | €3,910 | -€710 | -15.4% |
| Cash at bank and in hand | 54/58 | €12,390 | €8,535 | -€3,855 | -31.1% |
| Deferred charges and accrued income | 490/1 | - | €17,184 | +€17,184 | |
| Total equity and liabilities | 10/49 | €162,341 | €175,822 | +€13,481 | +8.3% |
| Equity | 10/15 | €70,744 | €77,128 | +€6,384 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,089 | €59,089 | +€10,000 | +20.4% |
| Distributable reserves | 133 | €49,089 | €59,089 | +€10,000 | +20.4% |
| Profit (loss) carried forward | 14 | €3,054 | -€561 | -€3,616 | |
| Amounts payable | 17/49 | €91,597 | €98,694 | +€7,097 | +7.7% |
| Amounts payable after more than one year | 17 | €49,221 | €36,680 | -€12,541 | -25.5% |
| Financial debts | 170/4 | €49,221 | €36,680 | -€12,541 | -25.5% |
| Amounts payable within one year | 42/48 | €42,376 | €62,014 | +€19,637 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €30,751 | €12,541 | -€18,211 | -59.2% |
| Trade debts | 44 | €45 | €6,536 | +€6,491 | +14441.2% |
| Suppliers | 440/4 | €45 | €6,536 | +€6,491 | +14441.2% |
| Taxes, remuneration and social security | 45 | €5,041 | €17,622 | +€12,580 | +249.5% |
| Taxes | 450/3 | €5,041 | €6,198 | +€1,156 | +22.9% |
| Remuneration and social security | 454/9 | - | €11,424 | +€11,424 | |
| Other amounts payable | 47/48 | €6,539 | €25,315 | +€18,777 | +287.2% |
| Non-recurring operating income | 76A | - | €11,209 | +€11,209 | |
| Remuneration, social security and pensions | 62 | €23,093 | €83,313 | +€60,220 | +260.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,780 | €42,104 | +€7,324 | +21.1% |
| Other operating charges | 640/8 | €5,372 | €2,682 | -€2,690 | -50.1% |
| Gross operating margin | 9900 | €88,282 | €147,471 | +€59,188 | +67.0% |
| Operating profit (loss) | 9901 | €25,038 | €19,373 | -€5,665 | -22.6% |
| Financial income | 75/76B | €349 | €149 | -€200 | -57.4% |
| Recurring financial income | 75 | €349 | €149 | -€200 | -57.4% |
| Financial charges | 65/66B | €5,002 | €4,906 | -€96 | -1.9% |
| Recurring financial charges | 65 | €5,002 | €4,906 | -€96 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €20,384 | €14,615 | -€5,769 | -28.3% |
| Income taxes | 67/77 | €8,359 | €4,231 | -€4,128 | -49.4% |
| Profit (loss) for the period | 9904 | €12,025 | €10,384 | -€1,640 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,025 | €10,384 | -€1,640 | -13.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.