LeaderLink: 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.
LeaderLink
Largest movements
- Tangible fixed assets -€4,666
down €4,666 (-49.4%), from €9,441 to €4,775
of which Furniture and vehicles: -€4,041
- Cash -€2,799
down €2,799 (-19.9%), from €14,056 to €11,257
mainly Tax, wage and social debts (-€4,740) and Trade debts (-€3,334)
- Receivables within one year +€2,205
up €2,205 (+20.4%), from €10,792 to €12,997
of which Trade receivables: +€2,959
- Tax, wage and social debts -€4,740
down €4,740 (-79.3%), from €5,974 to €1,235
of which Remuneration and social security: -€2,400
- Reserves +€3,826
up €3,826 (+33.8%), from €11,336 to €15,161
- Trade debts -€3,334
down €3,334 (-70.3%), from €4,745 to €1,411
- Short-term financial debts -€606
down €606 (-33.1%), from €1,828 to €1,222
- Other debts -€406
down €406 (-100.0%), from €406 to €0
- Gross operating margin -€5,761
down €5,761 (-32.4%), from €17,775 to €12,015
- Depreciation +€4,120
up €4,120 (+233.5%), from €1,764 to €5,885
- Taxes -€1,848
down €1,848 (-52.3%), from €3,533 to €1,685
- Staff costs -€607
down €607 (-100.0%), from €607 to €0
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 | €34,289 | €29,029 | -€5,260 | -15.3% |
| Fixed assets | 21/28 | €9,441 | €4,775 | -€4,666 | -49.4% |
| Tangible fixed assets | 22/27 | €9,441 | €4,775 | -€4,666 | -49.4% |
| Plant, machinery and equipment | 23 | €2,239 | €1,614 | -€625 | -27.9% |
| Furniture and vehicles | 24 | €7,203 | €3,162 | -€4,041 | -56.1% |
| Current assets | 29/58 | €24,847 | €24,253 | -€594 | -2.4% |
| Amounts receivable within one year | 40/41 | €10,792 | €12,997 | +€2,205 | +20.4% |
| Trade receivables | 40 | €9,160 | €12,119 | +€2,959 | +32.3% |
| Other amounts receivable | 41 | €1,632 | €877 | -€755 | -46.2% |
| Cash at bank and in hand | 54/58 | €14,056 | €11,257 | -€2,799 | -19.9% |
| Total equity and liabilities | 10/49 | €34,289 | €29,029 | -€5,260 | -15.3% |
| Equity | 10/15 | €21,336 | €25,161 | +€3,826 | +17.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €11,336 | €15,161 | +€3,826 | +33.8% |
| Distributable reserves | 133 | €11,336 | €15,161 | +€3,826 | +33.8% |
| Amounts payable | 17/49 | €12,953 | €3,867 | -€9,086 | -70.1% |
| Amounts payable within one year | 42/48 | €12,953 | €3,867 | -€9,086 | -70.1% |
| Financial debts | 43 | €1,828 | €1,222 | -€606 | -33.1% |
| Credit institutions | 430/8 | €1,828 | €1,222 | -€606 | -33.1% |
| Trade debts | 44 | €4,745 | €1,411 | -€3,334 | -70.3% |
| Suppliers | 440/4 | €4,745 | €1,411 | -€3,334 | -70.3% |
| Taxes, remuneration and social security | 45 | €5,974 | €1,235 | -€4,740 | -79.3% |
| Taxes | 450/3 | €3,574 | €1,235 | -€2,340 | -65.5% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100.0% |
| Other amounts payable | 47/48 | €406 | €0 | -€406 | -100.0% |
| Remuneration, social security and pensions | 62 | €607 | €0 | -€607 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,764 | €5,885 | +€4,120 | +233.5% |
| Other operating charges | 640/8 | €396 | €387 | -€9 | -2.3% |
| Gross operating margin | 9900 | €17,775 | €12,015 | -€5,761 | -32.4% |
| Operating profit (loss) | 9901 | €15,008 | €5,743 | -€9,265 | -61.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €140 | €233 | +€93 | +66.6% |
| Recurring financial charges | 65 | €140 | €233 | +€93 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €14,868 | €5,510 | -€9,358 | -62.9% |
| Income taxes | 67/77 | €3,533 | €1,685 | -€1,848 | -52.3% |
| Profit (loss) for the period | 9904 | €11,336 | €3,826 | -€7,510 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,336 | €3,826 | -€7,510 | -66.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.