LEONVERIMMO: 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.
LEONVERIMMO
Largest movements
- Tangible fixed assets +€316,993
up €316,993 (+48.7%), from €650,680 to €967,673
- Receivables within one year -€42,883
down €42,883 (-10.0%), from €428,102 to €385,219
of which Other amounts receivable: -€52,890
- Reserves +€210,287
up €210,287 (+41.3%), from €509,443 to €719,730
of which Tax-exempt reserves: +€197,785
- Provisions +€62,008
up €62,008 (+38.2%), from €162,174 to €224,182
- Debts after one year -€15,500
down €15,500 (-25.1%), from €61,775 to €46,275
of which Financial debts: -€15,500
- Trade debts +€13,932
up €13,932 (+1440.0%), from €968 to €14,900
- Gross operating margin +€294,503
up €294,503 (+786.7%), from €37,436 to €331,939
- Depreciation +€16,185
up €16,185 (+37.8%), from €42,772 to €58,956
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 | €1,116,827 | €1,379,635 | +€262,808 | +23.5% |
| Fixed assets | 21/28 | €651,180 | €968,173 | +€316,993 | +48.7% |
| Tangible fixed assets | 22/27 | €650,680 | €967,673 | +€316,993 | +48.7% |
| Land and buildings | 22 | €650,680 | €967,673 | +€316,993 | +48.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €465,647 | €411,462 | -€54,185 | -11.6% |
| Amounts receivable within one year | 40/41 | €428,102 | €385,219 | -€42,883 | -10.0% |
| Trade receivables | 40 | - | €10,007 | +€10,007 | |
| Other amounts receivable | 41 | €428,102 | €375,211 | -€52,890 | -12.4% |
| Cash at bank and in hand | 54/58 | €24,716 | €13,050 | -€11,665 | -47.2% |
| Deferred charges and accrued income | 490/1 | €12,830 | €13,193 | +€363 | +2.8% |
| Total equity and liabilities | 10/49 | €1,116,827 | €1,379,635 | +€262,808 | +23.5% |
| Equity | 10/15 | €872,910 | €1,078,650 | +€205,740 | +23.6% |
| Contributions | 10/11 | €310,706 | €310,706 | = | 0.0% |
| Capital | 10 | €310,706 | €310,706 | = | 0.0% |
| Issued capital | 100 | €310,706 | €310,706 | = | 0.0% |
| Reserves | 13 | €509,443 | €719,730 | +€210,287 | +41.3% |
| Non-distributable reserves | 130/1 | €31,071 | €31,071 | = | 0.0% |
| Legal reserve | 130 | €31,071 | €31,071 | = | 0.0% |
| Tax-exempt reserves | 132 | €352,302 | €550,087 | +€197,785 | +56.1% |
| Distributable reserves | 133 | €126,071 | €138,573 | +€12,502 | +9.9% |
| Investment grants | 15 | €52,761 | €48,214 | -€4,547 | -8.6% |
| Provisions and deferred taxes | 16 | €162,174 | €224,182 | +€62,008 | +38.2% |
| Deferred taxes | 168 | €162,174 | €224,182 | +€62,008 | +38.2% |
| Amounts payable | 17/49 | €81,743 | €76,803 | -€4,940 | -6.0% |
| Amounts payable after more than one year | 17 | €61,775 | €46,275 | -€15,500 | -25.1% |
| Financial debts | 170/4 | €50,376 | €34,876 | -€15,500 | -30.8% |
| Other amounts payable | 178/9 | €11,400 | €11,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,967 | €30,400 | +€10,432 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €19,000 | €15,500 | -€3,500 | -18.4% |
| Trade debts | 44 | €968 | €14,900 | +€13,932 | +1440.0% |
| Suppliers | 440/4 | €968 | €14,900 | +€13,932 | +1440.0% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,772 | €58,956 | +€16,185 | +37.8% |
| Other operating charges | 640/8 | €13,513 | €15,014 | +€1,501 | +11.1% |
| Gross operating margin | 9900 | €37,436 | €331,939 | +€294,503 | +786.7% |
| Operating profit (loss) | 9901 | -€18,848 | €257,969 | +€276,817 | |
| Financial income | 75/76B | €17,347 | €17,431 | +€84 | +0.5% |
| Recurring financial income | 75 | €17,347 | €17,431 | +€84 | +0.5% |
| Financial charges | 65/66B | €1,438 | €1,103 | -€335 | -23.3% |
| Recurring financial charges | 65 | €1,438 | €1,103 | -€335 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,939 | €274,297 | +€277,236 | |
| Transfer from deferred taxes | 780 | €8,225 | €11,647 | +€3,422 | +41.6% |
| Transfer to deferred taxes | 680 | - | €73,655 | +€73,655 | |
| Income taxes | 67/77 | €1,630 | €2,003 | +€373 | +22.9% |
| Profit (loss) for the period | 9904 | €3,656 | €210,287 | +€206,631 | +5652.2% |
| Transfer from tax-exempt reserves | 789 | €12,911 | €23,180 | +€10,269 | +79.5% |
| Transfer to tax-exempt reserves | 689 | - | €220,965 | +€220,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,567 | €12,502 | -€4,065 | -24.5% |
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.