LEONTINE: 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.
LEONTINE
Largest movements
- Cash -€53,895
down €53,895 (-57.8%), from €93,276 to €39,381
mainly Investment in fixed assets (net) (-€30,000) and Other debts (-€20,536)
- Tangible fixed assets +€27,364
up €27,364 (+8888.3%), from €308 to €27,671
of which Furniture and vehicles: +€20,457
- Other debts -€20,536
down €20,536 (-74.3%), from €27,627 to €7,092
- Tax, wage and social debts -€8,557
no longer reported in 2025 (was €8,557)
- Reserves +€5,564
up €5,564 (+8.9%), from €62,417 to €67,980
of which Distributable reserves: +€7,424
- Accrued charges and deferred income -€1,793
down €1,793 (-57.3%), from €3,127 to €1,335
- Gross operating margin -€4,695
down €4,695 (-25.3%), from €18,543 to €13,849
- Depreciation +€2,335
up €2,335 (+775.2%), from €301 to €2,636
- Financial income -€938
down €938 (-66.7%), from €1,407 to €469
- Financial charges -€697
down €697 (-32.8%), from €2,127 to €1,431
- Taxes -€626
down €626 (-12.9%), from €4,851 to €4,225
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 | €115,508 | €89,238 | -€26,270 | -22.7% |
| Fixed assets | 21/28 | €308 | €27,671 | +€27,364 | +8888.3% |
| Tangible fixed assets | 22/27 | €308 | €27,671 | +€27,364 | +8888.3% |
| Plant, machinery and equipment | 23 | €308 | €7,214 | +€6,907 | +2243.4% |
| Furniture and vehicles | 24 | - | €20,457 | +€20,457 | |
| Current assets | 29/58 | €115,200 | €61,566 | -€53,633 | -46.6% |
| Amounts receivable within one year | 40/41 | €2,239 | €2,598 | +€359 | +16.0% |
| Other amounts receivable | 41 | €2,239 | €2,598 | +€359 | +16.0% |
| Cash at bank and in hand | 54/58 | €93,276 | €39,381 | -€53,895 | -57.8% |
| Deferred charges and accrued income | 490/1 | €19,684 | €19,587 | -€97 | -0.5% |
| Total equity and liabilities | 10/49 | €115,508 | €89,238 | -€26,270 | -22.7% |
| Equity | 10/15 | €74,917 | €80,480 | +€5,564 | +7.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €62,417 | €67,980 | +€5,564 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €60,557 | €67,980 | +€7,424 | +12.3% |
| Amounts payable | 17/49 | €40,591 | €8,758 | -€31,834 | -78.4% |
| Amounts payable within one year | 42/48 | €37,464 | €7,423 | -€30,041 | -80.2% |
| Trade debts | 44 | €1,280 | €331 | -€948 | -74.1% |
| Suppliers | 440/4 | €1,280 | €331 | -€948 | -74.1% |
| Taxes, remuneration and social security | 45 | €8,557 | - | -€8,557 | |
| Taxes | 450/3 | €8,557 | - | -€8,557 | |
| Other amounts payable | 47/48 | €27,627 | €7,092 | -€20,536 | -74.3% |
| Accrued charges and deferred income | 492/3 | €3,127 | €1,335 | -€1,793 | -57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €2,636 | +€2,335 | +775.2% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €18,543 | €13,849 | -€4,695 | -25.3% |
| Operating profit (loss) | 9901 | €17,793 | €10,750 | -€7,042 | -39.6% |
| Financial income | 75/76B | €1,407 | €469 | -€938 | -66.7% |
| Recurring financial income | 75 | €1,407 | €469 | -€938 | -66.7% |
| Financial charges | 65/66B | €2,127 | €1,431 | -€697 | -32.8% |
| Recurring financial charges | 65 | €2,127 | €1,431 | -€697 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €17,072 | €9,789 | -€7,283 | -42.7% |
| Income taxes | 67/77 | €4,851 | €4,225 | -€626 | -12.9% |
| Profit (loss) for the period | 9904 | €12,221 | €5,564 | -€6,658 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,221 | €5,564 | -€6,658 | -54.5% |
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 12 October 2026 via checked.be.