Lead Business: 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.
Lead Business
Largest movements
- Cash +€100,493
up €100,493 (+97.2%), from €103,369 to €203,862
mainly Net result for the year (+€169,962) and Deferred charges and accrued income (+€62,900)
- Deferred charges and accrued income -€62,900
down €62,900 (-97.8%), from €64,336 to €1,436
- Receivables within one year -€24,922
down €24,922 (-57.9%), from €43,051 to €18,129
of which Other amounts receivable: -€21,440
- Tangible fixed assets -€12,622
down €12,622 (-22.8%), from €55,320 to €42,698
- Other debts +€18,872
up €18,872 (+12.7%), from €148,404 to €167,276
- Tax, wage and social debts -€15,847
down €15,847 (-46.6%), from €34,014 to €18,167
of which Taxes: -€14,847
- Debts after one year -€8,958
down €8,958 (-31.1%), from €28,772 to €19,814
- Profit (loss) carried forward +€4,962
up €4,962 (+253.7%), from €1,956 to €6,918
- Trade debts +€3,311
up €3,311 (+152.1%), from €2,177 to €5,488
- Gross operating margin +€51,636
up €51,636 (+22.9%), from €225,638 to €277,274
- Financial charges +€32,608
up €32,608 (+1194.4%), from €2,730 to €35,338
- Financial income -€14,294
no longer reported in 2025 (was €14,294)
- Depreciation -€9,921
down €9,921 (-38.1%), from €26,025 to €16,103
- Taxes +€2,914
up €2,914 (+5.6%), from €51,931 to €54,846
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 | €306,245 | €306,295 | +€49 | 0.0% |
| Fixed assets | 21/28 | €95,489 | €82,868 | -€12,622 | -13.2% |
| Tangible fixed assets | 22/27 | €55,320 | €42,698 | -€12,622 | -22.8% |
| Furniture and vehicles | 24 | €55,320 | €42,698 | -€12,622 | -22.8% |
| Financial fixed assets | 28 | €40,169 | €40,169 | = | 0.0% |
| Current assets | 29/58 | €210,756 | €223,427 | +€12,671 | +6.0% |
| Amounts receivable within one year | 40/41 | €43,051 | €18,129 | -€24,922 | -57.9% |
| Trade receivables | 40 | €21,611 | €18,129 | -€3,481 | -16.1% |
| Other amounts receivable | 41 | €21,440 | - | -€21,440 | |
| Cash at bank and in hand | 54/58 | €103,369 | €203,862 | +€100,493 | +97.2% |
| Deferred charges and accrued income | 490/1 | €64,336 | €1,436 | -€62,900 | -97.8% |
| Total equity and liabilities | 10/49 | €306,245 | €306,295 | +€49 | 0.0% |
| Equity | 10/15 | €81,422 | €86,385 | +€4,962 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,867 | €60,867 | = | 0.0% |
| Distributable reserves | 133 | €60,867 | €60,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,956 | €6,918 | +€4,962 | +253.7% |
| Amounts payable | 17/49 | €224,823 | €219,910 | -€4,913 | -2.2% |
| Amounts payable after more than one year | 17 | €28,772 | €19,814 | -€8,958 | -31.1% |
| Financial debts | 170/4 | €28,772 | €19,814 | -€8,958 | -31.1% |
| Amounts payable within one year | 42/48 | €196,051 | €199,888 | +€3,837 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €11,457 | €8,958 | -€2,499 | -21.8% |
| Trade debts | 44 | €2,177 | €5,488 | +€3,311 | +152.1% |
| Suppliers | 440/4 | €2,177 | €5,488 | +€3,311 | +152.1% |
| Taxes, remuneration and social security | 45 | €34,014 | €18,167 | -€15,847 | -46.6% |
| Taxes | 450/3 | €33,014 | €18,167 | -€14,847 | -45.0% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €148,404 | €167,276 | +€18,872 | +12.7% |
| Accrued charges and deferred income | 492/3 | - | €207 | +€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,025 | €16,103 | -€9,921 | -38.1% |
| Other operating charges | 640/8 | €3,481 | €1,024 | -€2,457 | -70.6% |
| Gross operating margin | 9900 | €225,638 | €277,274 | +€51,636 | +22.9% |
| Operating profit (loss) | 9901 | €196,132 | €260,146 | +€64,014 | +32.6% |
| Financial income | 75/76B | €14,294 | - | -€14,294 | |
| Recurring financial income | 75 | €14,294 | - | -€14,294 | |
| Financial charges | 65/66B | €2,730 | €35,338 | +€32,608 | +1194.4% |
| Recurring financial charges | 65 | €2,730 | €35,338 | +€32,608 | +1194.4% |
| Profit (loss) for the period before taxes | 9903 | €207,695 | €224,808 | +€17,113 | +8.2% |
| Income taxes | 67/77 | €51,931 | €54,846 | +€2,914 | +5.6% |
| Profit (loss) for the period | 9904 | €155,764 | €169,962 | +€14,198 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €155,764 | €169,962 | +€14,198 | +9.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.