LEADOUT SOLUTIONS: what changed
Two fiscal 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.
LEADOUT SOLUTIONS
Largest movements
- Tangible fixed assets +€366,557
up €366,557 (+19.7%), from €1.9m to €2.2m
of which Land and buildings: +€416,212
- Receivables within one year +€150,272
up €150,272 (+20.1%), from €749,252 to €899,524
of which Trade receivables: +€180,518
- Trade debts +€205,941
up €205,941 (+49.2%), from €418,939 to €624,880
- Reserves +€102,568
up €102,568 (+12.5%), from €822,172 to €924,741
- Other debts +€80,707
up €80,707 (+1891.3%), from €4,267 to €84,974
- Debts after one year +€74,517
up €74,517 (+5.8%), from €1.3m to €1.3m
- Tax, wage and social debts +€63,848
up €63,848 (+17.8%), from €358,053 to €421,901
of which Remuneration and social security: +€119,561
- Staff costs +€444,219
up €444,219 (+42.1%), from €1.1m to €1.5m
- Gross operating margin +€325,115
up €325,115 (+17.2%), from €1.9m to €2.2m
- Depreciation +€53,619
up €53,619 (+43.3%), from €123,817 to €177,436
- Taxes -€45,679
down €45,679 (-29.4%), from €155,190 to €109,511
- Financial charges +€23,424
up €23,424 (+38.5%), from €60,897 to €84,321
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 | €3,042,293 | €3,590,264 | +€547,971 | +18.0% |
| Fixed assets | 21/28 | €1,864,569 | €2,237,125 | +€372,557 | +20.0% |
| Tangible fixed assets | 22/27 | €1,864,569 | €2,231,125 | +€366,557 | +19.7% |
| Land and buildings | 22 | €1,572,722 | €1,988,934 | +€416,212 | +26.5% |
| Plant, machinery and equipment | 23 | €19,676 | €57,467 | +€37,791 | +192.1% |
| Furniture and vehicles | 24 | €171,383 | €109,838 | -€61,544 | -35.9% |
| Leasing and similar rights | 25 | €100,787 | €74,886 | -€25,901 | -25.7% |
| Financial fixed assets | 28 | €0 | €6,000 | +€6,000 | |
| Current assets | 29/58 | €1,177,725 | €1,353,139 | +€175,415 | +14.9% |
| Amounts receivable within one year | 40/41 | €749,252 | €899,524 | +€150,272 | +20.1% |
| Trade receivables | 40 | €660,724 | €841,241 | +€180,518 | +27.3% |
| Other amounts receivable | 41 | €88,528 | €58,283 | -€30,246 | -34.2% |
| Current investments | 50/53 | €5,250 | €5,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €394,928 | €429,199 | +€34,271 | +8.7% |
| Deferred charges and accrued income | 490/1 | €28,295 | €19,166 | -€9,129 | -32.3% |
| Total equity and liabilities | 10/49 | €3,042,293 | €3,590,264 | +€547,971 | +18.0% |
| Equity | 10/15 | €840,722 | €943,291 | +€102,568 | +12.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €822,172 | €924,741 | +€102,568 | +12.5% |
| Distributable reserves | 133 | €822,172 | €924,741 | +€102,568 | +12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,201,571 | €2,646,974 | +€445,403 | +20.2% |
| Amounts payable after more than one year | 17 | €1,273,806 | €1,348,324 | +€74,517 | +5.8% |
| Financial debts | 170/4 | €1,273,806 | €1,348,324 | +€74,517 | +5.8% |
| Amounts payable within one year | 42/48 | €916,058 | €1,289,497 | +€373,438 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €134,765 | €157,494 | +€22,729 | +16.9% |
| Financial debts | 43 | €35 | €248 | +€213 | +607.6% |
| Credit institutions | 430/8 | - | €213 | +€213 | |
| Other loans | 439 | €35 | €35 | = | 0.0% |
| Trade debts | 44 | €418,939 | €624,880 | +€205,941 | +49.2% |
| Suppliers | 440/4 | €418,939 | €624,880 | +€205,941 | +49.2% |
| Taxes, remuneration and social security | 45 | €358,053 | €421,901 | +€63,848 | +17.8% |
| Taxes | 450/3 | €182,743 | €127,030 | -€55,713 | -30.5% |
| Remuneration and social security | 454/9 | €175,309 | €294,871 | +€119,561 | +68.2% |
| Other amounts payable | 47/48 | €4,267 | €84,974 | +€80,707 | +1891.3% |
| Accrued charges and deferred income | 492/3 | €11,706 | €9,153 | -€2,553 | -21.8% |
| Non-recurring operating income | 76A | €25,190 | €13,714 | -€11,476 | -45.6% |
| Remuneration, social security and pensions | 62 | €1,054,909 | €1,499,128 | +€444,219 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,817 | €177,436 | +€53,619 | +43.3% |
| Other operating charges | 640/8 | €13,176 | €15,515 | +€2,339 | +17.8% |
| Non-recurring operating charges | 66A | €0 | €26,156 | +€26,156 | |
| Gross operating margin | 9900 | €1,887,782 | €2,212,897 | +€325,115 | +17.2% |
| Operating profit (loss) | 9901 | €695,880 | €494,662 | -€201,218 | -28.9% |
| Financial income | 75/76B | €60 | €1,738 | +€1,678 | +2796.5% |
| Recurring financial income | 75 | €60 | €1,738 | +€1,678 | +2796.5% |
| Financial charges | 65/66B | €60,897 | €84,321 | +€23,424 | +38.5% |
| Recurring financial charges | 65 | €60,897 | €84,321 | +€23,424 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €635,043 | €412,079 | -€222,964 | -35.1% |
| Income taxes | 67/77 | €155,190 | €109,511 | -€45,679 | -29.4% |
| Profit (loss) for the period | 9904 | €479,853 | €302,568 | -€177,285 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €479,853 | €302,568 | -€177,285 | -36.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.