LEORENO: 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.
LEORENO
Largest movements
- Receivables within one year +€18,574
up €18,574 (+167.0%), from €11,119 to €29,692
of which Other amounts receivable: +€20,397
- Cash +€17,812
up €17,812 (+149.6%), from €11,910 to €29,723
mainly Tax, wage and social debts (+€33,051) and Net result for the year (+€22,518)
- Tangible fixed assets +€15,505
up €15,505 (+78.8%), from €19,665 to €35,170
of which Furniture and vehicles: +€11,892
- Stocks and contracts +€5,947
new in 2025: €5,947
- Tax, wage and social debts +€33,051
new in 2025: €33,051
of which Taxes: +€27,217
- Reserves +€16,573
up €16,573 (+61.3%), from €27,026 to €43,599
of which Distributable reserves: +€16,573
- Other debts +€9,015
up €9,015 (+29.9%), from €30,114 to €39,129
- Trade debts -€6,746
down €6,746 (-82.8%), from €8,149 to €1,403
- Profit (loss) carried forward +€5,946
no longer reported in 2025 (was -€5,946)
- Gross operating margin +€18,845
up €18,845 (+91.9%), from €20,501 to €39,346
- Taxes +€8,877
new in 2025: €8,877
- Depreciation +€4,386
up €4,386 (+182.8%), from €2,399 to €6,785
- Staff costs -€523
no longer reported in 2025 (was €523)
- Other operating charges +€440
up €440 (+128.9%), from €341 to €781
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 | €77,944 | €135,782 | +€57,838 | +74.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €20,415 | €35,920 | +€15,505 | +76.0% |
| Tangible fixed assets | 22/27 | €19,665 | €35,170 | +€15,505 | +78.8% |
| Plant, machinery and equipment | 23 | €14,721 | €18,334 | +€3,613 | +24.5% |
| Furniture and vehicles | 24 | €4,944 | €16,836 | +€11,892 | +240.6% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €57,529 | €99,862 | +€42,333 | +73.6% |
| Amounts receivable after more than one year | 29 | €34,500 | €34,500 | = | 0.0% |
| Other amounts receivable | 291 | €34,500 | €34,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €5,947 | +€5,947 | |
| Stocks | 30/36 | - | €5,947 | +€5,947 | |
| Amounts receivable within one year | 40/41 | €11,119 | €29,692 | +€18,574 | +167.0% |
| Trade receivables | 40 | €7,231 | €5,408 | -€1,823 | -25.2% |
| Other amounts receivable | 41 | €3,888 | €24,285 | +€20,397 | +524.6% |
| Cash at bank and in hand | 54/58 | €11,910 | €29,723 | +€17,812 | +149.6% |
| Total equity and liabilities | 10/49 | €77,944 | €135,782 | +€57,838 | +74.2% |
| Equity | 10/15 | €39,681 | €62,199 | +€22,518 | +56.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,026 | €43,599 | +€16,573 | +61.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,166 | €41,739 | +€16,573 | +65.9% |
| Profit (loss) carried forward | 14 | -€5,946 | - | +€5,946 | |
| Amounts payable | 17/49 | €38,263 | €73,583 | +€35,319 | +92.3% |
| Amounts payable within one year | 42/48 | €38,263 | €73,583 | +€35,319 | +92.3% |
| Trade debts | 44 | €8,149 | €1,403 | -€6,746 | -82.8% |
| Suppliers | 440/4 | €8,149 | €1,403 | -€6,746 | -82.8% |
| Taxes, remuneration and social security | 45 | - | €33,051 | +€33,051 | |
| Taxes | 450/3 | - | €27,217 | +€27,217 | |
| Remuneration and social security | 454/9 | - | €5,833 | +€5,833 | |
| Other amounts payable | 47/48 | €30,114 | €39,129 | +€9,015 | +29.9% |
| Remuneration, social security and pensions | 62 | €523 | - | -€523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,399 | €6,785 | +€4,386 | +182.8% |
| Other operating charges | 640/8 | €341 | €781 | +€440 | +128.9% |
| Gross operating margin | 9900 | €20,501 | €39,346 | +€18,845 | +91.9% |
| Operating profit (loss) | 9901 | €17,238 | €31,780 | +€14,542 | +84.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €109 | €384 | +€275 | +251.4% |
| Recurring financial charges | 65 | €109 | €384 | +€275 | +251.4% |
| Profit (loss) for the period before taxes | 9903 | €17,129 | €31,396 | +€14,267 | +83.3% |
| Income taxes | 67/77 | - | €8,877 | +€8,877 | |
| Profit (loss) for the period | 9904 | €17,129 | €22,518 | +€5,390 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,129 | €22,518 | +€5,390 | +31.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.