LEADKING Belgium: 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.
LEADKING Belgium
Largest movements
- Stocks and contracts +€580,400
new in 2025: €580,400
- Receivables within one year +€227,219
up €227,219 (+1,420%), from €16,000 to €243,219
of which Trade receivables: +€234,219
- Cash +€222,976
up €222,976 (+170%), from €131,401 to €354,377
mainly Trade debts (+€1.0m) and Depreciation (+€1,027)
- Trade debts +€1.0m
up €1.0m (+1,454%), from €71,816 to €1.1m
- Staff costs +€2,385
up €2,385 (+7.6%), from €31,457 to €33,842
- Financial charges +€558
up €558 (+90.0%), from €620 to €1,177
- Gross operating margin -€478
down €478 (-1.3%), from €37,456 to €36,978
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 | €149,741 | €1,179,195 | +€1.0m | +687% |
| Fixed assets | 21/28 | €2,225 | €1,198 | -€1,027 | -46.2% |
| Tangible fixed assets | 22/27 | €2,225 | €1,198 | -€1,027 | -46.2% |
| Furniture and vehicles | 24 | €2,225 | €1,198 | -€1,027 | -46.2% |
| Current assets | 29/58 | €147,515 | €1,177,996 | +€1.0m | +699% |
| Stocks and contracts in progress | 3 | - | €580,400 | +€580,400 | |
| Stocks | 30/36 | - | €580,400 | +€580,400 | |
| Amounts receivable within one year | 40/41 | €16,000 | €243,219 | +€227,219 | +1,420% |
| Trade receivables | 40 | €9,000 | €243,219 | +€234,219 | +2,602% |
| Other amounts receivable | 41 | €7,000 | €0 | -€7,000 | -100% |
| Cash at bank and in hand | 54/58 | €131,401 | €354,377 | +€222,976 | +170% |
| Deferred charges and accrued income | 490/1 | €114 | €0 | -€114 | -100% |
| Total equity and liabilities | 10/49 | €149,741 | €1,179,195 | +€1.0m | +687% |
| Equity | 10/15 | €10,633 | €10,884 | +€251 | +2.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,633 | €9,884 | +€251 | +2.6% |
| Amounts payable | 17/49 | €139,108 | €1,168,311 | +€1.0m | +740% |
| Amounts payable within one year | 42/48 | €139,108 | €1,168,311 | +€1.0m | +740% |
| Trade debts | 44 | €71,816 | €1,116,119 | +€1.0m | +1,454% |
| Suppliers | 440/4 | €71,816 | €1,116,119 | +€1.0m | +1,454% |
| Taxes, remuneration and social security | 45 | €25,852 | €19,686 | -€6,166 | -23.9% |
| Taxes | 450/3 | €22,095 | €14,738 | -€7,356 | -33.3% |
| Remuneration and social security | 454/9 | €3,758 | €4,948 | +€1,190 | +31.7% |
| Other amounts payable | 47/48 | €41,439 | €32,506 | -€8,933 | -21.6% |
| Remuneration, social security and pensions | 62 | €31,457 | €33,842 | +€2,385 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €720 | €1,027 | +€308 | +42.8% |
| Other operating charges | 640/8 | €387 | €416 | +€28 | +7.3% |
| Gross operating margin | 9900 | €37,456 | €36,978 | -€478 | -1.3% |
| Operating profit (loss) | 9901 | €4,892 | €1,692 | -€3,199 | -65.4% |
| Financial charges | 65/66B | €620 | €1,177 | +€558 | +90.0% |
| Recurring financial charges | 65 | €620 | €1,177 | +€558 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €4,272 | €515 | -€3,757 | -87.9% |
| Income taxes | 67/77 | €241 | €264 | +€24 | +9.8% |
| Profit (loss) for the period | 9904 | €4,031 | €251 | -€3,781 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,031 | €251 | -€3,781 | -93.8% |
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 21 October 2026 via checked.be.