LEOVAN: 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.
LEOVAN
Largest movements
- Cash +€31,557
up €31,557 (+304%), from €10,378 to €41,935
mainly Depreciation (+€20,931) and Debts after one year (+€19,961)
- Receivables within one year -€7,788
down €7,788 (-21.8%), from €35,659 to €27,871
of which Trade receivables: -€14,131
- Tangible fixed assets +€2,222
up €2,222 (+3.6%), from €61,135 to €63,356
of which Furniture and vehicles: +€10,386
- Debts after one year +€19,961
up €19,961 (+77.5%), from €25,741 to €45,703
- Current portion of long-term debt +€7,796
up €7,796 (+67.2%), from €11,594 to €19,391
- Tax, wage and social debts -€5,960
down €5,960 (-99.4%), from €5,997 to €37
of which Remuneration and social security: -€4,599
- Profit (loss) carried forward +€4,683
up €4,683 (+13.4%), from €35,041 to €39,724
- Accrued charges and deferred income -€1,581
no longer reported in 2025 (was €1,581)
- Gross operating margin +€32,267
up €32,267 (+25.9%), from €124,464 to €156,731
- Staff costs +€14,066
up €14,066 (+13.0%), from €107,950 to €122,017
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 | €113,787 | €138,429 | +€24,642 | +21.7% |
| Fixed assets | 21/28 | €63,385 | €65,606 | +€2,222 | +3.5% |
| Tangible fixed assets | 22/27 | €61,135 | €63,356 | +€2,222 | +3.6% |
| Plant, machinery and equipment | 23 | €26,674 | €18,510 | -€8,164 | -30.6% |
| Furniture and vehicles | 24 | €34,461 | €44,846 | +€10,386 | +30.1% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €50,403 | €72,823 | +€22,420 | +44.5% |
| Amounts receivable within one year | 40/41 | €35,659 | €27,871 | -€7,788 | -21.8% |
| Trade receivables | 40 | €28,284 | €14,153 | -€14,131 | -50.0% |
| Other amounts receivable | 41 | €7,375 | €13,718 | +€6,343 | +86.0% |
| Cash at bank and in hand | 54/58 | €10,378 | €41,935 | +€31,557 | +304% |
| Deferred charges and accrued income | 490/1 | €4,366 | €3,017 | -€1,349 | -30.9% |
| Total equity and liabilities | 10/49 | €113,787 | €138,429 | +€24,642 | +21.7% |
| Equity | 10/15 | €36,041 | €40,724 | +€4,683 | +13.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,041 | €39,724 | +€4,683 | +13.4% |
| Amounts payable | 17/49 | €77,746 | €97,705 | +€19,959 | +25.7% |
| Amounts payable after more than one year | 17 | €25,741 | €45,703 | +€19,961 | +77.5% |
| Financial debts | 170/4 | €25,741 | €45,703 | +€19,961 | +77.5% |
| Amounts payable within one year | 42/48 | €50,424 | €52,003 | +€1,579 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €11,594 | €19,391 | +€7,796 | +67.2% |
| Trade debts | 44 | €26,770 | €27,717 | +€947 | +3.5% |
| Suppliers | 440/4 | €26,770 | €27,717 | +€947 | +3.5% |
| Taxes, remuneration and social security | 45 | €5,997 | €37 | -€5,960 | -99.4% |
| Taxes | 450/3 | €1,399 | €37 | -€1,361 | -97.3% |
| Remuneration and social security | 454/9 | €4,599 | - | -€4,599 | |
| Other amounts payable | 47/48 | €6,062 | €4,858 | -€1,205 | -19.9% |
| Accrued charges and deferred income | 492/3 | €1,581 | - | -€1,581 | |
| Remuneration, social security and pensions | 62 | €107,950 | €122,017 | +€14,066 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,418 | €20,931 | -€487 | -2.3% |
| Other operating charges | 640/8 | €1,191 | €812 | -€379 | -31.8% |
| Non-recurring operating charges | 66A | - | €4,050 | +€4,050 | |
| Gross operating margin | 9900 | €124,464 | €156,731 | +€32,267 | +25.9% |
| Operating profit (loss) | 9901 | -€6,096 | €8,921 | +€15,017 | |
| Financial income | 75/76B | €202 | €154 | -€47 | -23.4% |
| Recurring financial income | 75 | €202 | €154 | -€47 | -23.4% |
| Financial charges | 65/66B | €2,100 | €3,436 | +€1,336 | +63.6% |
| Recurring financial charges | 65 | €2,100 | €3,436 | +€1,336 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,994 | €5,639 | +€13,633 | |
| Income taxes | 67/77 | €38 | €957 | +€919 | +2,410% |
| Profit (loss) for the period | 9904 | -€8,032 | €4,683 | +€12,714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,032 | €4,683 | +€12,714 |
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 14 October 2026 via checked.be.