LEOSAN: 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.
LEOSAN
Largest movements
- Cash +€47,590
up €47,590 (+56.4%), from €84,411 to €132,001
mainly Net result for the year (+€45,912) and Tax, wage and social debts (+€5,666)
- Stocks and contracts -€1,802
down €1,802 (-11.0%), from €16,436 to €14,634
- Reserves +€45,912
up €45,912 (+1371.9%), from €3,347 to €49,259
of which Distributable reserves: +€45,912
- Trade debts -€6,026
down €6,026 (-70.4%), from €8,563 to €2,536
- Tax, wage and social debts +€5,666
up €5,666 (+89.6%), from €6,322 to €11,988
of which Taxes: +€5,666
- Gross operating margin +€84,496
new in 2025: €84,496
- Taxes +€21,791
new in 2025: €21,791
- Staff costs +€11,351
new in 2025: €11,351
- Depreciation +€3,374
new in 2025: €3,374
- Other operating charges +€2,007
new in 2025: €2,007
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €118,787 | €165,279 | +€46,492 | +39.1% |
| Fixed assets | 21/28 | €17,603 | €18,280 | +€676 | +3.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €10,345 | €11,021 | +€676 | +6.5% |
| Plant, machinery and equipment | 23 | €1,433 | €2,201 | +€768 | +53.6% |
| Furniture and vehicles | 24 | €8,223 | €6,310 | -€1,913 | -23.3% |
| Other tangible fixed assets | 26 | €689 | €2,511 | +€1,821 | +264.1% |
| Financial fixed assets | 28 | €7,258 | €7,258 | = | 0.0% |
| Current assets | 29/58 | €101,183 | €146,999 | +€45,816 | +45.3% |
| Stocks and contracts in progress | 3 | €16,436 | €14,634 | -€1,802 | -11.0% |
| Stocks | 30/36 | €16,436 | €14,634 | -€1,802 | -11.0% |
| Amounts receivable within one year | 40/41 | €336 | €364 | +€28 | +8.5% |
| Other amounts receivable | 41 | €336 | €364 | +€28 | +8.5% |
| Cash at bank and in hand | 54/58 | €84,411 | €132,001 | +€47,590 | +56.4% |
| Total equity and liabilities | 10/49 | €118,787 | €165,279 | +€46,492 | +39.1% |
| Equity | 10/15 | €103,139 | €149,052 | +€45,912 | +44.5% |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Reserves | 13 | €3,347 | €49,259 | +€45,912 | +1371.9% |
| Non-distributable reserves | 130/1 | €3,347 | €3,347 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,347 | €3,347 | = | 0.0% |
| Distributable reserves | 133 | - | €45,912 | +€45,912 | |
| Profit (loss) carried forward | 14 | €66,327 | €66,327 | = | 0.0% |
| Amounts payable | 17/49 | €15,648 | €16,227 | +€580 | +3.7% |
| Amounts payable within one year | 42/48 | €15,648 | €16,227 | +€580 | +3.7% |
| Trade debts | 44 | €8,563 | €2,536 | -€6,026 | -70.4% |
| Suppliers | 440/4 | €8,563 | €2,536 | -€6,026 | -70.4% |
| Taxes, remuneration and social security | 45 | €6,322 | €11,988 | +€5,666 | +89.6% |
| Taxes | 450/3 | €5,878 | €11,544 | +€5,666 | +96.4% |
| Remuneration and social security | 454/9 | €444 | €444 | = | 0.0% |
| Other amounts payable | 47/48 | €763 | €1,703 | +€940 | +123.3% |
| Remuneration, social security and pensions | 62 | - | €11,351 | +€11,351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,374 | +€3,374 | |
| Other operating charges | 640/8 | - | €2,007 | +€2,007 | |
| Gross operating margin | 9900 | - | €84,496 | +€84,496 | |
| Operating profit (loss) | 9901 | - | €67,765 | +€67,765 | |
| Financial charges | 65/66B | - | €62 | +€62 | |
| Recurring financial charges | 65 | - | €62 | +€62 | |
| Profit (loss) for the period before taxes | 9903 | - | €67,703 | +€67,703 | |
| Income taxes | 67/77 | - | €21,791 | +€21,791 | |
| Profit (loss) for the period | 9904 | - | €45,912 | +€45,912 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €45,912 | +€45,912 |
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 4 October 2026 via checked.be.