LEAD2GROW: what changed
What changed
LEAD2GROW
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€8,316
2024 · €90,336-€82,020
Equity
€186,708
2024 · €178,392+€8,316
Cash
€159,281
2024 · €118,814+€40,468
Balance sheet total
€221,836
2024 · €214,036+€7,800
Largest movements
Assets
- Cash +€40,468
up €40,468 (+34.1%), from €118,814 to €159,281
mainly Deferred charges and accrued income (+€21,241) and Investment in fixed assets (net) (+€19,415)
- Financial fixed assets -€40,000
down €40,000 (-99.9%), from €40,025 to €25
- Deferred charges and accrued income -€21,241
down €21,241 (-90.1%), from €23,575 to €2,334
- Receivables within one year +€21,036
up €21,036 (+262%), from €8,044 to €29,080
of which Other amounts receivable: +€16,278
- Tangible fixed assets +€17,742
up €17,742 (+513%), from €3,461 to €21,203
of which Land and buildings: +€18,458
Equity and liabilities
- Reserves +€8,316
up €8,316 (+4.8%), from €172,192 to €180,508
Income statement
- Gross operating margin -€60,501
down €60,501 (-45.8%), from €132,115 to €71,614
- Financial charges +€39,694
up €39,694 (+2,572%), from €1,543 to €41,237
of which Non-recurring financial charges: +€40,000
- Taxes -€33,849
down €33,849 (-90.6%), from €37,381 to €3,532
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€90,336
Gross operating margin
-€60,501
Staff costs
+€585
Depreciation
-€1,248
Other operating charges
+€149
Other operating items
-€15,165
Financial income
+€7
Financial charges
-€39,694
Taxes
+€33,849
Result 2025
€8,316
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,053
Investment
+€14,415
Financing
€0
Cash 2024
€118,814
From operations (derived)
+€26,053
Net result for the year
+€8,316
Depreciation
+€2,843
Receivables after one year
+€15,165
Stocks and contracts
+€40
Receivables within one year
-€21,036
Deferred charges and accrued income
+€21,241
Trade debts
-€1,462
Tax, wage and social debts
+€289
Other debts
+€715
Accrued charges and deferred income
-€59
Investment (derived)
+€14,415
Investment in fixed assets (net)
+€19,415
Current investments
-€5,000
Cash 2025
€159,281
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,036 | €221,836 | +€7,800 | +3.6% |
| Fixed assets | 21/28 | €43,486 | €21,228 | -€22,258 | -51.2% |
| Tangible fixed assets | 22/27 | €3,461 | €21,203 | +€17,742 | +513% |
| Land and buildings | 22 | - | €18,458 | +€18,458 | |
| Plant, machinery and equipment | 23 | €846 | €346 | -€499 | -59.0% |
| Furniture and vehicles | 24 | €2,615 | €2,399 | -€217 | -8.3% |
| Financial fixed assets | 28 | €40,025 | €25 | -€40,000 | -99.9% |
| Current assets | 29/58 | €170,551 | €200,608 | +€30,057 | +17.6% |
| Amounts receivable after more than one year | 29 | €15,165 | €0 | -€15,165 | -100% |
| Trade receivables | 290 | €15,165 | €0 | -€15,165 | -100% |
| Stocks and contracts in progress | 3 | €4,953 | €4,913 | -€40 | -0.8% |
| Stocks | 30/36 | €4,953 | €4,913 | -€40 | -0.8% |
| Amounts receivable within one year | 40/41 | €8,044 | €29,080 | +€21,036 | +262% |
| Trade receivables | 40 | €8,004 | €12,762 | +€4,758 | +59.4% |
| Other amounts receivable | 41 | €40 | €16,318 | +€16,278 | +40,694% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €118,814 | €159,281 | +€40,468 | +34.1% |
| Deferred charges and accrued income | 490/1 | €23,575 | €2,334 | -€21,241 | -90.1% |
| Total equity and liabilities | 10/49 | €214,036 | €221,836 | +€7,800 | +3.6% |
| Equity | 10/15 | €178,392 | €186,708 | +€8,316 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €172,192 | €180,508 | +€8,316 | +4.8% |
| Distributable reserves | 133 | €172,192 | €180,508 | +€8,316 | +4.8% |
| Amounts payable | 17/49 | €35,645 | €35,128 | -€516 | -1.4% |
| Amounts payable within one year | 42/48 | €34,394 | €33,936 | -€458 | -1.3% |
| Trade debts | 44 | €3,419 | €1,956 | -€1,462 | -42.8% |
| Suppliers | 440/4 | €3,419 | €1,956 | -€1,462 | -42.8% |
| Taxes, remuneration and social security | 45 | €14,870 | €15,160 | +€289 | +1.9% |
| Taxes | 450/3 | €14,870 | €14,860 | -€11 | -0.1% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €16,105 | €16,820 | +€715 | +4.4% |
| Accrued charges and deferred income | 492/3 | €1,251 | €1,193 | -€59 | -4.7% |
| Remuneration, social security and pensions | 62 | €585 | €0 | -€585 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,594 | €2,843 | +€1,248 | +78.3% |
| Other operating charges | 640/8 | €676 | €527 | -€149 | -22.0% |
| Non-recurring operating charges | 66A | - | €15,165 | +€15,165 | |
| Gross operating margin | 9900 | €132,115 | €71,614 | -€60,501 | -45.8% |
| Operating profit (loss) | 9901 | €129,260 | €53,079 | -€76,181 | -58.9% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €1,543 | €41,237 | +€39,694 | +2,572% |
| Recurring financial charges | 65 | €1,543 | €1,237 | -€306 | -19.8% |
| Non-recurring financial charges | 66B | - | €40,000 | +€40,000 | |
| Profit (loss) for the period before taxes | 9903 | €127,717 | €11,849 | -€115,868 | -90.7% |
| Income taxes | 67/77 | €37,381 | €3,532 | -€33,849 | -90.6% |
| Profit (loss) for the period | 9904 | €90,336 | €8,316 | -€82,020 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,336 | €8,316 | -€82,020 | -90.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.