LEADER CONSTRUCT: 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.
What changed
LEADER CONSTRUCT
NACE 43.310, Plastering work
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€10,257
2023 · €13,548-€3,291
Equity
€1.0m
2023 · €1.0m+€10,257
Cash
€136,281
2023 · €84,082+€52,200
Balance sheet total
€2.3m
2023 · €1.9m+€388,373
Largest movements
Assets
- Receivables within one year +€519,953
up €519,953 (+60.1%), from €865,760 to €1.4m
of which Trade receivables: +€478,083
- Deferred charges and accrued income -€168,015
down €168,015 (-20.9%), from €805,108 to €637,093
- Cash +€52,200
up €52,200 (+62.1%), from €84,082 to €136,281
mainly Trade debts (+€426,233) and Deferred charges and accrued income (+€168,015)
Equity and liabilities
- Trade debts +€426,233
up €426,233 (+85.6%), from €497,866 to €924,099
- Short-term financial debts -€30,000
down €30,000 (-17.6%), from €170,000 to €140,000
Income statement
- Staff costs +€71,912
up €71,912 (+27.6%), from €260,985 to €332,898
- Gross operating margin +€48,649
up €48,649 (+13.5%), from €359,854 to €408,503
- Other operating charges -€16,885
down €16,885 (-67.0%), from €25,220 to €8,335
- Financial charges -€10,347
down €10,347 (-21.3%), from €48,508 to €38,161
From the 2023 result to the 2024 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.
Result 2023
€13,548
Gross operating margin
+€48,649
Staff costs
-€71,912
Depreciation
-€1,861
Write-downs
-€1,736
Other operating charges
+€16,885
Financial income
-€2,182
Financial charges
+€10,347
Taxes
-€1,481
Result 2024
€10,257
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€111,515
Investment
-€9,103
Financing
-€50,212
Cash 2023
€84,082
From operations (derived)
+€111,515
Net result for the year
+€10,257
Depreciation
+€14,208
Receivables after one year
+€10,846
Stocks and contracts
-€186
Receivables within one year
-€519,953
Deferred charges and accrued income
+€168,015
Trade debts
+€426,233
Tax, wage and social debts
+€2,095
Investment (derived)
-€9,103
Investment in fixed assets (net)
-€9,103
Financing
-€50,212
Debts after one year
-€4,000
Current portion of long-term debt
-€16,212
Short-term financial debts
-€30,000
Cash 2024
€136,281
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,895,293 | €2,283,666 | +€388,373 | +20.5% |
| Fixed assets | 21/28 | €39,653 | €34,548 | -€5,105 | -12.9% |
| Tangible fixed assets | 22/27 | €37,269 | €32,164 | -€5,105 | -13.7% |
| Plant, machinery and equipment | 23 | €7,772 | €8,987 | +€1,216 | +15.6% |
| Furniture and vehicles | 24 | €5,963 | €6,050 | +€87 | +1.5% |
| Leasing and similar rights | 25 | €23,534 | €17,126 | -€6,408 | -27.2% |
| Financial fixed assets | 28 | €2,384 | €2,384 | = | 0.0% |
| Current assets | 29/58 | €1,855,640 | €2,249,118 | +€393,478 | +21.2% |
| Amounts receivable after more than one year | 29 | €51,256 | €40,411 | -€10,846 | -21.2% |
| Other amounts receivable | 291 | €51,256 | €40,411 | -€10,846 | -21.2% |
| Stocks and contracts in progress | 3 | €49,434 | €49,620 | +€186 | +0.4% |
| Stocks | 30/36 | €49,434 | €49,620 | +€186 | +0.4% |
| Amounts receivable within one year | 40/41 | €865,760 | €1,385,713 | +€519,953 | +60.1% |
| Trade receivables | 40 | €750,808 | €1,228,891 | +€478,083 | +63.7% |
| Other amounts receivable | 41 | €114,952 | €156,822 | +€41,870 | +36.4% |
| Cash at bank and in hand | 54/58 | €84,082 | €136,281 | +€52,200 | +62.1% |
| Deferred charges and accrued income | 490/1 | €805,108 | €637,093 | -€168,015 | -20.9% |
| Total equity and liabilities | 10/49 | €1,895,293 | €2,283,666 | +€388,373 | +20.5% |
| Equity | 10/15 | €1,027,324 | €1,037,582 | +€10,257 | +1.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €48,870 | €48,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €42,720 | €42,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €916,954 | €927,212 | +€10,257 | +1.1% |
| Amounts payable | 17/49 | €867,968 | €1,246,084 | +€378,116 | +43.6% |
| Amounts payable after more than one year | 17 | €9,912 | €5,912 | -€4,000 | -40.4% |
| Financial debts | 170/4 | €9,912 | €5,912 | -€4,000 | -40.4% |
| Amounts payable within one year | 42/48 | €858,056 | €1,240,172 | +€382,116 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €170,212 | €154,000 | -€16,212 | -9.5% |
| Financial debts | 43 | €170,000 | €140,000 | -€30,000 | -17.6% |
| Credit institutions | 430/8 | €170,000 | €140,000 | -€30,000 | -17.6% |
| Trade debts | 44 | €497,866 | €924,099 | +€426,233 | +85.6% |
| Suppliers | 440/4 | €497,866 | €924,099 | +€426,233 | +85.6% |
| Taxes, remuneration and social security | 45 | €19,978 | €22,073 | +€2,095 | +10.5% |
| Taxes | 450/3 | €1,103 | €2,779 | +€1,676 | +152.0% |
| Remuneration and social security | 454/9 | €18,875 | €19,294 | +€419 | +2.2% |
| Remuneration, social security and pensions | 62 | €260,985 | €332,898 | +€71,912 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,347 | €14,208 | +€1,861 | +15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,736 | - | +€1,736 | |
| Other operating charges | 640/8 | €25,220 | €8,335 | -€16,885 | -67.0% |
| Gross operating margin | 9900 | €359,854 | €408,503 | +€48,649 | +13.5% |
| Operating profit (loss) | 9901 | €63,038 | €53,063 | -€9,976 | -15.8% |
| Financial income | 75/76B | €5,274 | €3,093 | -€2,182 | -41.4% |
| Recurring financial income | 75 | €5,274 | €3,093 | -€2,182 | -41.4% |
| Financial charges | 65/66B | €48,508 | €38,161 | -€10,347 | -21.3% |
| Recurring financial charges | 65 | €48,508 | €38,161 | -€10,347 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €19,805 | €17,994 | -€1,811 | -9.1% |
| Income taxes | 67/77 | €6,256 | €7,737 | +€1,481 | +23.7% |
| Profit (loss) for the period | 9904 | €13,548 | €10,257 | -€3,291 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,548 | €10,257 | -€3,291 | -24.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.