LEADERU: 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.
LEADERU
Largest movements
- Tangible fixed assets -€38,200
down €38,200 (-96.6%), from €39,535 to €1,335
- Cash +€27,679
up €27,679 (+130.5%), from €21,210 to €48,889
mainly Investment in fixed assets (net) (+€37,671) and Net result for the year (+€21,209)
- Receivables within one year -€12,385
down €12,385 (-8.4%), from €147,095 to €134,710
of which Trade receivables: -€56,143
- Trade debts -€50,343
down €50,343 (-79.0%), from €63,719 to €13,375
of which Suppliers: -€44,093
- Reserves +€21,209
up €21,209 (+22.9%), from €92,687 to €113,897
- Tax, wage and social debts +€11,917
up €11,917 (+30.7%), from €38,820 to €50,737
- Accrued charges and deferred income -€6,094
down €6,094 (-59.0%), from €10,320 to €4,226
- Gross operating margin -€82,579
down €82,579 (-66.8%), from €123,602 to €41,022
- Taxes -€25,885
down €25,885 (-70.8%), from €36,543 to €10,658
- Other operating charges +€7,274
up €7,274 (+264.9%), from €2,746 to €10,021
- Financial charges +€5,208
up €5,208 (+222.5%), from €2,340 to €7,548
- Financial income +€2,109
up €2,109 (+30.9%), from €6,833 to €8,942
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 | €208,546 | €185,235 | -€23,311 | -11.2% |
| Fixed assets | 21/28 | €39,735 | €1,535 | -€38,200 | -96.1% |
| Tangible fixed assets | 22/27 | €39,535 | €1,335 | -€38,200 | -96.6% |
| Furniture and vehicles | 24 | €39,535 | €1,335 | -€38,200 | -96.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €168,811 | €183,699 | +€14,889 | +8.8% |
| Amounts receivable within one year | 40/41 | €147,095 | €134,710 | -€12,385 | -8.4% |
| Trade receivables | 40 | €63,129 | €6,986 | -€56,143 | -88.9% |
| Other amounts receivable | 41 | €83,967 | €127,724 | +€43,758 | +52.1% |
| Cash at bank and in hand | 54/58 | €21,210 | €48,889 | +€27,679 | +130.5% |
| Deferred charges and accrued income | 490/1 | €506 | €100 | -€406 | -80.2% |
| Total equity and liabilities | 10/49 | €208,546 | €185,235 | -€23,311 | -11.2% |
| Equity | 10/15 | €95,687 | €116,897 | +€21,209 | +22.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,687 | €113,897 | +€21,209 | +22.9% |
| Distributable reserves | 133 | €92,687 | €113,897 | +€21,209 | +22.9% |
| Amounts payable | 17/49 | €112,858 | €68,338 | -€44,520 | -39.4% |
| Amounts payable within one year | 42/48 | €102,538 | €64,112 | -€38,426 | -37.5% |
| Trade debts | 44 | €63,719 | €13,375 | -€50,343 | -79.0% |
| Suppliers | 440/4 | €57,469 | €13,375 | -€44,093 | -76.7% |
| Bills of exchange payable | 441 | €6,250 | - | -€6,250 | |
| Taxes, remuneration and social security | 45 | €38,820 | €50,737 | +€11,917 | +30.7% |
| Taxes | 450/3 | €38,820 | €50,737 | +€11,917 | +30.7% |
| Accrued charges and deferred income | 492/3 | €10,320 | €4,226 | -€6,094 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,382 | €529 | -€853 | -61.7% |
| Other operating charges | 640/8 | €2,746 | €10,021 | +€7,274 | +264.9% |
| Gross operating margin | 9900 | €123,602 | €41,022 | -€82,579 | -66.8% |
| Operating profit (loss) | 9901 | €119,473 | €30,473 | -€89,000 | -74.5% |
| Financial income | 75/76B | €6,833 | €8,942 | +€2,109 | +30.9% |
| Recurring financial income | 75 | €6,833 | €8,942 | +€2,109 | +30.9% |
| Financial charges | 65/66B | €2,340 | €7,548 | +€5,208 | +222.5% |
| Recurring financial charges | 65 | €2,340 | €7,548 | +€5,208 | +222.5% |
| Profit (loss) for the period before taxes | 9903 | €123,967 | €31,868 | -€92,099 | -74.3% |
| Income taxes | 67/77 | €36,543 | €10,658 | -€25,885 | -70.8% |
| Profit (loss) for the period | 9904 | €87,423 | €21,209 | -€66,214 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,423 | €21,209 | -€66,214 | -75.7% |
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 10 October 2026 via checked.be.