LEOS Academy: 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.
LEOS Academy
Largest movements
- Cash +€7,731
up €7,731 (+19.5%), from €39,597 to €47,329
mainly Net result for the year (+€4,333) and Stocks and contracts (+€2,943)
- Stocks and contracts -€2,943
no longer reported in 2025 (was €2,943)
- Reserves +€4,333
up €4,333 (+14.8%), from €29,285 to €33,618
of which Distributable reserves: +€4,333
- Other debts +€801
up €801 (+65.0%), from €1,233 to €2,035
- Trade debts -€567
down €567 (-33.5%), from €1,690 to €1,124
- Gross operating margin +€7,508
up €7,508, from -€1,955 to €5,553
- Other operating charges -€353
down €353 (-25.2%), from €1,401 to €1,048
- Depreciation +€195
up €195 (+1,162%), from €17 to €212
- Financial income -€108
down €108 (-29.4%), from €367 to €260
- Financial charges -€107
down €107 (-65.9%), from €162 to €55
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 | €43,914 | €48,376 | +€4,462 | +10.2% |
| Fixed assets | 21/28 | €618 | €406 | -€212 | -34.2% |
| Tangible fixed assets | 22/27 | €618 | €406 | -€212 | -34.2% |
| Plant, machinery and equipment | 23 | €618 | €406 | -€212 | -34.2% |
| Current assets | 29/58 | €43,296 | €47,970 | +€4,674 | +10.8% |
| Stocks and contracts in progress | 3 | €2,943 | - | -€2,943 | |
| Stocks | 30/36 | €2,943 | - | -€2,943 | |
| Amounts receivable within one year | 40/41 | €416 | €307 | -€109 | -26.1% |
| Trade receivables | 40 | €336 | €54 | -€282 | -84.0% |
| Other amounts receivable | 41 | €80 | €254 | +€173 | +216% |
| Cash at bank and in hand | 54/58 | €39,597 | €47,329 | +€7,731 | +19.5% |
| Deferred charges and accrued income | 490/1 | €340 | €333 | -€6 | -1.9% |
| Total equity and liabilities | 10/49 | €43,914 | €48,376 | +€4,462 | +10.2% |
| Equity | 10/15 | €40,885 | €45,218 | +€4,333 | +10.6% |
| Contributions | 10/11 | €11,600 | €11,600 | = | 0.0% |
| Reserves | 13 | €29,285 | €33,618 | +€4,333 | +14.8% |
| 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 | €27,425 | €31,758 | +€4,333 | +15.8% |
| Amounts payable | 17/49 | €3,029 | €3,158 | +€129 | +4.3% |
| Amounts payable within one year | 42/48 | €3,029 | €3,158 | +€129 | +4.3% |
| Trade debts | 44 | €1,690 | €1,124 | -€567 | -33.5% |
| Suppliers | 440/4 | €1,690 | €1,124 | -€567 | -33.5% |
| Taxes, remuneration and social security | 45 | €105 | - | -€105 | |
| Taxes | 450/3 | €105 | - | -€105 | |
| Other amounts payable | 47/48 | €1,233 | €2,035 | +€801 | +65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17 | €212 | +€195 | +1,162% |
| Other operating charges | 640/8 | €1,401 | €1,048 | -€353 | -25.2% |
| Gross operating margin | 9900 | -€1,955 | €5,553 | +€7,508 | |
| Operating profit (loss) | 9901 | -€3,373 | €4,293 | +€7,666 | |
| Financial income | 75/76B | €367 | €260 | -€108 | -29.4% |
| Recurring financial income | 75 | €367 | €260 | -€108 | -29.4% |
| Financial charges | 65/66B | €162 | €55 | -€107 | -65.9% |
| Recurring financial charges | 65 | €162 | €55 | -€107 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,168 | €4,498 | +€7,665 | |
| Income taxes | 67/77 | €230 | €165 | -€65 | -28.3% |
| Profit (loss) for the period | 9904 | -€3,398 | €4,333 | +€7,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,398 | €4,333 | +€7,730 |
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 30 October 2026 via checked.be.