LEADEUR: 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.
LEADEUR
Largest movements
- Cash -€37,814
down €37,814 (-54.1%), from €69,932 to €32,118
mainly Contributions, distributions and other (-€20,000) and Net result for the year (-€10,309)
- Deferred charges and accrued income +€4,436
up €4,436 (+94.9%), from €4,673 to €9,109
- Receivables within one year +€2,951
up €2,951 (+10.2%), from €28,926 to €31,876
of which Other amounts receivable: +€8,530
- Tangible fixed assets -€2,180
down €2,180 (-46.7%), from €4,673 to €2,493
- Reserves -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Profit (loss) carried forward -€10,309
down €10,309, from €161 to -€10,148
- Tax, wage and social debts +€10,187
up €10,187 (+69.3%), from €14,701 to €24,888
of which Remuneration and social security: +€5,934
- Trade debts -€6,417
down €6,417 (-66.8%), from €9,601 to €3,184
- Other debts -€6,083
down €6,083 (-22.9%), from €26,600 to €20,517
- Staff costs +€47,095
up €47,095 (+43.1%), from €109,298 to €156,393
- Gross operating margin -€12,107
down €12,107 (-7.3%), from €164,889 to €152,782
- Taxes -€9,656
down €9,656 (-99.5%), from €9,701 to €45
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 | €114,064 | €81,457 | -€32,607 | -28.6% |
| Fixed assets | 21/28 | €10,533 | €8,353 | -€2,180 | -20.7% |
| Tangible fixed assets | 22/27 | €4,673 | €2,493 | -€2,180 | -46.7% |
| Furniture and vehicles | 24 | €4,673 | €2,493 | -€2,180 | -46.7% |
| Financial fixed assets | 28 | €5,860 | €5,860 | = | 0.0% |
| Current assets | 29/58 | €103,531 | €73,104 | -€30,427 | -29.4% |
| Amounts receivable within one year | 40/41 | €28,926 | €31,876 | +€2,951 | +10.2% |
| Trade receivables | 40 | €6,146 | €567 | -€5,579 | -90.8% |
| Other amounts receivable | 41 | €22,780 | €31,309 | +€8,530 | +37.4% |
| Cash at bank and in hand | 54/58 | €69,932 | €32,118 | -€37,814 | -54.1% |
| Deferred charges and accrued income | 490/1 | €4,673 | €9,109 | +€4,436 | +94.9% |
| Total equity and liabilities | 10/49 | €114,064 | €81,457 | -€32,607 | -28.6% |
| Equity | 10/15 | €63,161 | €32,852 | -€30,309 | -48.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Distributable reserves | 133 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Profit (loss) carried forward | 14 | €161 | -€10,148 | -€10,309 | |
| Amounts payable | 17/49 | €50,902 | €48,605 | -€2,298 | -4.5% |
| Amounts payable within one year | 42/48 | €50,902 | €48,589 | -€2,313 | -4.5% |
| Trade debts | 44 | €9,601 | €3,184 | -€6,417 | -66.8% |
| Suppliers | 440/4 | €9,601 | €3,184 | -€6,417 | -66.8% |
| Taxes, remuneration and social security | 45 | €14,701 | €24,888 | +€10,187 | +69.3% |
| Taxes | 450/3 | €1,400 | €5,653 | +€4,253 | +304% |
| Remuneration and social security | 454/9 | €13,301 | €19,235 | +€5,934 | +44.6% |
| Other amounts payable | 47/48 | €26,600 | €20,517 | -€6,083 | -22.9% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Remuneration, social security and pensions | 62 | €109,298 | €156,393 | +€47,095 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,071 | €2,180 | +€109 | +5.3% |
| Other operating charges | 640/8 | €3,143 | €4,401 | +€1,258 | +40.0% |
| Gross operating margin | 9900 | €164,889 | €152,782 | -€12,107 | -7.3% |
| Operating profit (loss) | 9901 | €50,377 | -€10,192 | -€60,569 | |
| Financial income | 75/76B | €71 | €168 | +€97 | +138% |
| Recurring financial income | 75 | €71 | €168 | +€97 | +138% |
| Financial charges | 65/66B | €56 | €241 | +€185 | +332% |
| Recurring financial charges | 65 | €56 | €241 | +€185 | +332% |
| Profit (loss) for the period before taxes | 9903 | €50,392 | -€10,264 | -€60,656 | |
| Income taxes | 67/77 | €9,701 | €45 | -€9,656 | -99.5% |
| Profit (loss) for the period | 9904 | €40,691 | -€10,309 | -€51,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,691 | -€10,309 | -€51,000 |
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.