LEOTIC: 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.
LEOTIC
Largest movements
- Receivables within one year -€244,969
down €244,969 (-68.6%), from €357,028 to €112,059
of which Other amounts receivable: -€203,031
- Tangible fixed assets -€72,262
down €72,262 (-4.3%), from €1.7m to €1.6m
of which Land and buildings: -€41,858
- Cash +€45,595
up €45,595 (+116.6%), from €39,089 to €84,684
mainly Net result for the year (+€677,036) and Receivables within one year (+€244,969)
- Other debts -€290,060
down €290,060 (-96.4%), from €300,949 to €10,889
- Reserves +€89,000
up €89,000 (+6.2%), from €1.4m to €1.5m
- Debts after one year -€65,527
down €65,527 (-8.5%), from €775,210 to €709,683
of which Financial debts: -€65,527
- Financial income -€625,000
down €625,000 (-51.0%), from €1.2m to €600,000
- Gross operating margin -€161,813
down €161,813 (-45.1%), from €358,567 to €196,754
- Depreciation -€47,604
down €47,604 (-39.7%), from €119,866 to €72,262
- Taxes -€31,174
down €31,174 (-61.5%), from €50,655 to €19,481
- Financial charges +€12,445
up €12,445 (+138.0%), from €9,020 to €21,466
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,629,746 | €2,358,708 | -€271,038 | -10.3% |
| Fixed assets | 21/28 | €2,229,746 | €2,157,484 | -€72,262 | -3.2% |
| Tangible fixed assets | 22/27 | €1,679,746 | €1,607,484 | -€72,262 | -4.3% |
| Land and buildings | 22 | €1,556,425 | €1,514,567 | -€41,858 | -2.7% |
| Furniture and vehicles | 24 | €123,321 | €92,916 | -€30,404 | -24.7% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €400,000 | €201,225 | -€198,776 | -49.7% |
| Amounts receivable within one year | 40/41 | €357,028 | €112,059 | -€244,969 | -68.6% |
| Trade receivables | 40 | €53,178 | €11,239 | -€41,938 | -78.9% |
| Other amounts receivable | 41 | €303,850 | €100,819 | -€203,031 | -66.8% |
| Cash at bank and in hand | 54/58 | €39,089 | €84,684 | +€45,595 | +116.6% |
| Deferred charges and accrued income | 490/1 | €3,883 | €4,482 | +€598 | +15.4% |
| Total equity and liabilities | 10/49 | €2,629,746 | €2,358,708 | -€271,038 | -10.3% |
| Equity | 10/15 | €1,464,992 | €1,553,792 | +€88,800 | +6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,441,000 | €1,530,000 | +€89,000 | +6.2% |
| Distributable reserves | 133 | €1,441,000 | €1,530,000 | +€89,000 | +6.2% |
| Profit (loss) carried forward | 14 | €3,992 | €3,792 | -€200 | -5.0% |
| Amounts payable | 17/49 | €1,164,755 | €804,916 | -€359,838 | -30.9% |
| Amounts payable after more than one year | 17 | €775,210 | €709,683 | -€65,527 | -8.5% |
| Financial debts | 170/4 | €775,210 | €709,683 | -€65,527 | -8.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €387,416 | €93,018 | -€294,399 | -76.0% |
| Current portion of amounts payable after more than one year | 42 | €64,704 | €65,527 | +€823 | +1.3% |
| Trade debts | 44 | €5,732 | €2,495 | -€3,237 | -56.5% |
| Suppliers | 440/4 | €5,732 | €2,495 | -€3,237 | -56.5% |
| Taxes, remuneration and social security | 45 | €16,031 | €14,107 | -€1,924 | -12.0% |
| Taxes | 450/3 | €13,431 | €14,107 | +€676 | +5.0% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100.0% |
| Other amounts payable | 47/48 | €300,949 | €10,889 | -€290,060 | -96.4% |
| Accrued charges and deferred income | 492/3 | €2,129 | €2,216 | +€87 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,866 | €72,262 | -€47,604 | -39.7% |
| Other operating charges | 640/8 | €8,177 | €6,510 | -€1,667 | -20.4% |
| Gross operating margin | 9900 | €358,567 | €196,754 | -€161,813 | -45.1% |
| Operating profit (loss) | 9901 | €230,524 | €117,982 | -€112,542 | -48.8% |
| Financial income | 75/76B | €1,225,000 | €600,000 | -€625,000 | -51.0% |
| Recurring financial income | 75 | €1,225,000 | €600,000 | -€625,000 | -51.0% |
| Financial charges | 65/66B | €9,020 | €21,466 | +€12,445 | +138.0% |
| Recurring financial charges | 65 | €9,020 | €21,466 | +€12,445 | +138.0% |
| Profit (loss) for the period before taxes | 9903 | €1,446,503 | €696,516 | -€749,987 | -51.8% |
| Income taxes | 67/77 | €50,655 | €19,481 | -€31,174 | -61.5% |
| Profit (loss) for the period | 9904 | €1,395,849 | €677,036 | -€718,813 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,395,849 | €677,036 | -€718,813 | -51.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.