LEAD-IT: 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.
LEAD-IT
Largest movements
- Cash +€58,657
up €58,657 (+34.1%), from €171,939 to €230,595
mainly Net result for the year (+€38,067) and Trade debts (+€20,135)
- Current investments -€6,990
down €6,990 (-17.5%), from €39,861 to €32,871
- Receivables within one year -€5,027
down €5,027 (-18.0%), from €27,921 to €22,894
of which Trade receivables: -€12,138
- Reserves +€37,000
up €37,000 (+21.8%), from €169,360 to €206,360
- Trade debts +€20,135
up €20,135 (+429%), from €4,696 to €24,831
- Tax, wage and social debts -€11,056
down €11,056 (-27.9%), from €39,566 to €28,510
of which Taxes: -€13,383
- Turnover -€135,050
no longer reported in 2025 (was €135,050)
- Purchases and services -€77,747
no longer reported in 2025 (was €77,747)
- Gross operating margin +€9,534
up €9,534 (+15.5%), from €61,335 to €70,870
- Financial charges +€6,984
up €6,984 (+4,178%), from €167 to €7,151
- Taxes +€2,427
up €2,427 (+11.3%), from €21,486 to €23,913
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 | €242,535 | €290,682 | +€48,147 | +19.9% |
| Fixed assets | 21/28 | €2,172 | €902 | -€1,271 | -58.5% |
| Tangible fixed assets | 22/27 | €2,172 | €902 | -€1,271 | -58.5% |
| Furniture and vehicles | 24 | €2,172 | €902 | -€1,271 | -58.5% |
| Current assets | 29/58 | €240,362 | €289,780 | +€49,418 | +20.6% |
| Amounts receivable within one year | 40/41 | €27,921 | €22,894 | -€5,027 | -18.0% |
| Trade receivables | 40 | €13,740 | €1,602 | -€12,138 | -88.3% |
| Other amounts receivable | 41 | €14,182 | €21,292 | +€7,110 | +50.1% |
| Current investments | 50/53 | €39,861 | €32,871 | -€6,990 | -17.5% |
| Cash at bank and in hand | 54/58 | €171,939 | €230,595 | +€58,657 | +34.1% |
| Deferred charges and accrued income | 490/1 | €642 | €3,420 | +€2,778 | +433% |
| Total equity and liabilities | 10/49 | €242,535 | €290,682 | +€48,147 | +19.9% |
| Equity | 10/15 | €198,273 | €236,340 | +€38,067 | +19.2% |
| Reserves | 13 | €169,360 | €206,360 | +€37,000 | +21.8% |
| Distributable reserves | 133 | €169,360 | €206,360 | +€37,000 | +21.8% |
| Profit (loss) carried forward | 14 | €28,913 | €29,980 | +€1,067 | +3.7% |
| Amounts payable | 17/49 | €44,262 | €54,342 | +€10,080 | +22.8% |
| Amounts payable within one year | 42/48 | €44,262 | €54,342 | +€10,080 | +22.8% |
| Financial debts | 43 | - | €1,001 | +€1,001 | |
| Credit institutions | 430/8 | - | €1,001 | +€1,001 | |
| Trade debts | 44 | €4,696 | €24,831 | +€20,135 | +429% |
| Suppliers | 440/4 | €4,696 | €24,831 | +€20,135 | +429% |
| Taxes, remuneration and social security | 45 | €39,566 | €28,510 | -€11,056 | -27.9% |
| Taxes | 450/3 | €39,379 | €25,996 | -€13,383 | -34.0% |
| Remuneration and social security | 454/9 | €186 | €2,514 | +€2,327 | +1,248% |
| Turnover | 70 | €135,050 | - | -€135,050 | |
| Non-recurring operating income | 76A | €4,032 | - | -€4,032 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,747 | - | -€77,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,599 | €1,271 | -€328 | -20.5% |
| Other operating charges | 640/8 | €1,182 | €1,115 | -€67 | -5.7% |
| Non-recurring operating charges | 66A | - | €283 | +€283 | |
| Gross operating margin | 9900 | €61,335 | €70,870 | +€9,534 | +15.5% |
| Operating profit (loss) | 9901 | €58,555 | €68,202 | +€9,647 | +16.5% |
| Financial income | 75/76B | - | €929 | +€929 | |
| Recurring financial income | 75 | - | €929 | +€929 | |
| Financial charges | 65/66B | €167 | €7,151 | +€6,984 | +4,178% |
| Recurring financial charges | 65 | €167 | €7,151 | +€6,984 | +4,178% |
| Profit (loss) for the period before taxes | 9903 | €58,388 | €61,980 | +€3,592 | +6.2% |
| Income taxes | 67/77 | €21,486 | €23,913 | +€2,427 | +11.3% |
| Profit (loss) for the period | 9904 | €36,902 | €38,067 | +€1,165 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,902 | €38,067 | +€1,165 | +3.2% |
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 28 October 2026 via checked.be.