LEADING EDGE: 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.
LEADING EDGE
Largest movements
- Cash -€16,047
down €16,047 (-26.6%), from €60,339 to €44,291
mainly Net result for the year (-€13,412) and Other debts (-€10,274)
- Tangible fixed assets -€10,500
down €10,500 (-23.9%), from €43,956 to €33,455
of which Furniture and vehicles: -€10,027
- Profit (loss) carried forward -€11,531
new in 2025: -€11,531
- Other debts -€10,274
down €10,274 (-65.0%), from €15,811 to €5,537
- Tax, wage and social debts -€2,681
down €2,681 (-78.3%), from €3,423 to €741
- Reserves -€1,881
down €1,881 (-2.6%), from €72,445 to €70,564
- Gross operating margin -€69,665
down €69,665, from €67,789 to -€1,877
- Taxes -€17,894
down €17,894 (-99.0%), from €18,071 to €177
- Depreciation +€1,955
up €1,955 (+22.9%), from €8,546 to €10,500
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 | €105,278 | €79,158 | -€26,120 | -24.8% |
| Fixed assets | 21/28 | €43,956 | €33,455 | -€10,500 | -23.9% |
| Tangible fixed assets | 22/27 | €43,956 | €33,455 | -€10,500 | -23.9% |
| Plant, machinery and equipment | 23 | €2,203 | €1,730 | -€473 | -21.5% |
| Furniture and vehicles | 24 | €41,753 | €31,725 | -€10,027 | -24.0% |
| Current assets | 29/58 | €61,322 | €45,703 | -€15,620 | -25.5% |
| Amounts receivable within one year | 40/41 | €983 | €1,411 | +€428 | +43.5% |
| Trade receivables | 40 | €650 | €168 | -€482 | -74.2% |
| Other amounts receivable | 41 | €333 | €1,244 | +€910 | +273% |
| Cash at bank and in hand | 54/58 | €60,339 | €44,291 | -€16,047 | -26.6% |
| Total equity and liabilities | 10/49 | €105,278 | €79,158 | -€26,120 | -24.8% |
| Equity | 10/15 | €85,329 | €71,917 | -€13,412 | -15.7% |
| Contributions | 10/11 | €12,884 | €12,884 | = | 0.0% |
| Reserves | 13 | €72,445 | €70,564 | -€1,881 | -2.6% |
| Distributable reserves | 133 | €72,445 | €70,564 | -€1,881 | -2.6% |
| Profit (loss) carried forward | 14 | - | -€11,531 | -€11,531 | |
| Amounts payable | 17/49 | €19,949 | €7,241 | -€12,708 | -63.7% |
| Amounts payable within one year | 42/48 | €19,949 | €7,241 | -€12,708 | -63.7% |
| Trade debts | 44 | €715 | €963 | +€248 | +34.7% |
| Suppliers | 440/4 | €715 | €963 | +€248 | +34.7% |
| Taxes, remuneration and social security | 45 | €3,423 | €741 | -€2,681 | -78.3% |
| Taxes | 450/3 | €3,423 | €741 | -€2,681 | -78.3% |
| Other amounts payable | 47/48 | €15,811 | €5,537 | -€10,274 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,546 | €10,500 | +€1,955 | +22.9% |
| Other operating charges | 640/8 | €618 | €673 | +€55 | +9.0% |
| Gross operating margin | 9900 | €67,789 | -€1,877 | -€69,665 | |
| Operating profit (loss) | 9901 | €58,625 | -€13,050 | -€71,675 | |
| Financial charges | 65/66B | €121 | €186 | +€65 | +53.6% |
| Recurring financial charges | 65 | €121 | €186 | +€65 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €58,505 | -€13,235 | -€71,740 | |
| Income taxes | 67/77 | €18,071 | €177 | -€17,894 | -99.0% |
| Profit (loss) for the period | 9904 | €40,434 | -€13,412 | -€53,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,434 | -€13,412 | -€53,846 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.