LEAD2CHANGE: 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.
LEAD2CHANGE
Largest movements
- Cash -€10,138
down €10,138 (-16.9%), from €59,946 to €49,808
mainly Contributions, distributions and other (-€142,353) and Receivables within one year (-€3,095)
- Tangible fixed assets -€9,641
down €9,641 (-24.1%), from €39,972 to €30,331
of which Furniture and vehicles: -€8,884
- Receivables within one year +€3,095
up €3,095 (+15.3%), from €20,285 to €23,380
of which Other amounts receivable: +€3,478
- Reserves -€64,729
down €64,729 (-72.9%), from €88,804 to €24,075
- Other debts +€51,587
up €51,587 (+67,967%), from €76 to €51,663
- Tax, wage and social debts -€2,574
down €2,574 (-22.5%), from €11,423 to €8,849
of which Taxes: -€2,421
- Depreciation +€6,106
up €6,106 (+131%), from €4,659 to €10,765
- Gross operating margin -€5,716
down €5,716 (-4.7%), from €120,996 to €115,280
- Taxes -€3,051
down €3,051 (-10.3%), from €29,615 to €26,564
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 | €120,394 | €104,617 | -€15,777 | -13.1% |
| Fixed assets | 21/28 | €39,972 | €30,331 | -€9,641 | -24.1% |
| Tangible fixed assets | 22/27 | €39,972 | €30,331 | -€9,641 | -24.1% |
| Furniture and vehicles | 24 | €34,672 | €25,788 | -€8,884 | -25.6% |
| Other tangible fixed assets | 26 | €5,300 | €4,543 | -€758 | -14.3% |
| Current assets | 29/58 | €80,422 | €74,286 | -€6,136 | -7.6% |
| Amounts receivable within one year | 40/41 | €20,285 | €23,380 | +€3,095 | +15.3% |
| Trade receivables | 40 | €19,586 | €19,203 | -€383 | -2.0% |
| Other amounts receivable | 41 | €699 | €4,177 | +€3,478 | +497% |
| Cash at bank and in hand | 54/58 | €59,946 | €49,808 | -€10,138 | -16.9% |
| Deferred charges and accrued income | 490/1 | €191 | €1,098 | +€907 | +475% |
| Total equity and liabilities | 10/49 | €120,394 | €104,617 | -€15,777 | -13.1% |
| Equity | 10/15 | €107,404 | €42,675 | -€64,729 | -60.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,804 | €24,075 | -€64,729 | -72.9% |
| Distributable reserves | 133 | €88,804 | €24,075 | -€64,729 | -72.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,990 | €61,942 | +€48,952 | +377% |
| Amounts payable within one year | 42/48 | €12,990 | €61,942 | +€48,952 | +377% |
| Trade debts | 44 | €1,491 | €1,430 | -€61 | -4.1% |
| Suppliers | 440/4 | €1,491 | €1,430 | -€61 | -4.1% |
| Taxes, remuneration and social security | 45 | €11,423 | €8,849 | -€2,574 | -22.5% |
| Taxes | 450/3 | €11,248 | €8,827 | -€2,421 | -21.5% |
| Remuneration and social security | 454/9 | €175 | €22 | -€153 | -87.5% |
| Other amounts payable | 47/48 | €76 | €51,663 | +€51,587 | +67,967% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,659 | €10,765 | +€6,106 | +131% |
| Other operating charges | 640/8 | €563 | €861 | +€298 | +52.9% |
| Non-recurring operating charges | 66A | - | €148 | +€148 | |
| Gross operating margin | 9900 | €120,996 | €115,280 | -€5,716 | -4.7% |
| Operating profit (loss) | 9901 | €115,773 | €103,505 | -€12,268 | -10.6% |
| Financial income | 75/76B | €1,047 | €761 | -€286 | -27.3% |
| Recurring financial income | 75 | €1,047 | €761 | -€286 | -27.3% |
| Financial charges | 65/66B | €30 | €79 | +€48 | +161% |
| Recurring financial charges | 65 | €30 | €79 | +€48 | +161% |
| Profit (loss) for the period before taxes | 9903 | €116,790 | €104,188 | -€12,602 | -10.8% |
| Income taxes | 67/77 | €29,615 | €26,564 | -€3,051 | -10.3% |
| Profit (loss) for the period | 9904 | €87,175 | €77,624 | -€9,551 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,175 | €77,624 | -€9,551 | -11.0% |
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 25 October 2026 via checked.be.