Leading Worlds: 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 Worlds
Largest movements
- Cash +€95,828
up €95,828 (+31.2%), from €307,134 to €402,961
mainly Net result for the year (+€67,556) and Depreciation (+€24,281)
- Tangible fixed assets -€24,281
down €24,281 (-5.9%), from €410,051 to €385,771
of which Land and buildings: -€19,872
- Receivables within one year -€23,647
down €23,647 (-77.0%), from €30,729 to €7,082
of which Trade receivables: -€17,897
- Current investments +€8,290
up €8,290 (+85.2%), from €9,733 to €18,022
- Profit (loss) carried forward +€67,556
up €67,556 (+9.6%), from €701,555 to €769,110
- Trade debts -€9,473
down €9,473 (-30.7%), from €30,874 to €21,401
- Gross operating margin -€14,731
down €14,731 (-11.0%), from €133,359 to €118,628
- Depreciation +€11,016
up €11,016 (+83.0%), from €13,265 to €24,281
- Other operating charges -€3,411
down €3,411 (-52.9%), from €6,450 to €3,039
- Taxes +€2,288
up €2,288 (+10.4%), from €21,992 to €24,279
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 | €760,276 | €817,782 | +€57,507 | +7.6% |
| Fixed assets | 21/28 | €412,680 | €388,400 | -€24,281 | -5.9% |
| Tangible fixed assets | 22/27 | €410,051 | €385,771 | -€24,281 | -5.9% |
| Land and buildings | 22 | €385,856 | €365,984 | -€19,872 | -5.2% |
| Furniture and vehicles | 24 | €24,195 | €19,787 | -€4,408 | -18.2% |
| Financial fixed assets | 28 | €2,629 | €2,629 | = | 0.0% |
| Current assets | 29/58 | €347,595 | €429,383 | +€81,787 | +23.5% |
| Amounts receivable within one year | 40/41 | €30,729 | €7,082 | -€23,647 | -77.0% |
| Trade receivables | 40 | €19,979 | €2,082 | -€17,897 | -89.6% |
| Other amounts receivable | 41 | €10,750 | €5,000 | -€5,750 | -53.5% |
| Current investments | 50/53 | €9,733 | €18,022 | +€8,290 | +85.2% |
| Cash at bank and in hand | 54/58 | €307,134 | €402,961 | +€95,828 | +31.2% |
| Deferred charges and accrued income | 490/1 | - | €1,317 | +€1,317 | |
| Total equity and liabilities | 10/49 | €760,276 | €817,782 | +€57,507 | +7.6% |
| Equity | 10/15 | €709,615 | €777,170 | +€67,556 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €701,555 | €769,110 | +€67,556 | +9.6% |
| Amounts payable | 17/49 | €50,661 | €40,612 | -€10,049 | -19.8% |
| Amounts payable after more than one year | 17 | - | €2,600 | +€2,600 | |
| Other amounts payable | 178/9 | - | €2,600 | +€2,600 | |
| Amounts payable within one year | 42/48 | €50,661 | €38,012 | -€12,649 | -25.0% |
| Trade debts | 44 | €30,874 | €21,401 | -€9,473 | -30.7% |
| Suppliers | 440/4 | €30,874 | €21,401 | -€9,473 | -30.7% |
| Taxes, remuneration and social security | 45 | €13,713 | €9,467 | -€4,246 | -31.0% |
| Taxes | 450/3 | €13,713 | €9,423 | -€4,290 | -31.3% |
| Remuneration and social security | 454/9 | - | €44 | +€44 | |
| Other amounts payable | 47/48 | €6,074 | €7,144 | +€1,070 | +17.6% |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,265 | €24,281 | +€11,016 | +83.0% |
| Other operating charges | 640/8 | €6,450 | €3,039 | -€3,411 | -52.9% |
| Gross operating margin | 9900 | €133,359 | €118,628 | -€14,731 | -11.0% |
| Operating profit (loss) | 9901 | €113,644 | €91,308 | -€22,336 | -19.7% |
| Financial income | 75/76B | €139 | €577 | +€437 | +314% |
| Recurring financial income | 75 | €139 | €577 | +€437 | +314% |
| Financial charges | 65/66B | €173 | €49 | -€123 | -71.4% |
| Recurring financial charges | 65 | €173 | €49 | -€123 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €113,610 | €91,835 | -€21,775 | -19.2% |
| Income taxes | 67/77 | €21,992 | €24,279 | +€2,288 | +10.4% |
| Profit (loss) for the period | 9904 | €91,619 | €67,556 | -€24,063 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,619 | €67,556 | -€24,063 | -26.3% |
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 20 October 2026 via checked.be.