De Ledebergse: 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.
De Ledebergse
Largest movements
- Tangible fixed assets -€119,702
down €119,702 (-13.1%), from €914,846 to €795,144
- Cash +€110,272
up €110,272 (+53.1%), from €207,701 to €317,973
mainly Depreciation (+€130,215) and Net result for the year (+€82,355)
- Reserves +€82,355
up €82,355 (+8.7%), from €943,471 to €1.0m
of which Non-distributable reserves: +€92,805
- Other debts -€74,514
no longer reported in 2025 (was €74,514)
- Trade debts -€16,485
down €16,485 (-67.7%), from €24,343 to €7,857
- Gross operating margin -€5,457
down €5,457 (-2.0%), from €276,323 to €270,866
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 | €1,139,832 | €1,122,857 | -€16,975 | -1.5% |
| Fixed assets | 21/28 | €914,846 | €795,144 | -€119,702 | -13.1% |
| Tangible fixed assets | 22/27 | €914,846 | €795,144 | -€119,702 | -13.1% |
| Land and buildings | 22 | €914,846 | €795,144 | -€119,702 | -13.1% |
| Current assets | 29/58 | €224,987 | €327,713 | +€102,727 | +45.7% |
| Amounts receivable within one year | 40/41 | €1,016 | €3,665 | +€2,649 | +260.6% |
| Trade receivables | 40 | €1,016 | €3,665 | +€2,649 | +260.6% |
| Cash at bank and in hand | 54/58 | €207,701 | €317,973 | +€110,272 | +53.1% |
| Deferred charges and accrued income | 490/1 | €16,270 | €6,075 | -€10,195 | -62.7% |
| Total equity and liabilities | 10/49 | €1,139,832 | €1,122,857 | -€16,975 | -1.5% |
| Equity | 10/15 | €1,007,218 | €1,089,573 | +€82,355 | +8.2% |
| Contributions | 10/11 | €63,600 | €63,600 | = | 0.0% |
| Capital | 10 | €63,600 | €63,600 | = | 0.0% |
| Issued capital | 100 | €63,600 | €63,600 | = | 0.0% |
| Reserves | 13 | €943,471 | €1,025,827 | +€82,355 | +8.7% |
| Non-distributable reserves | 130/1 | €468,093 | €560,899 | +€92,805 | +19.8% |
| Legal reserve | 130 | €27,372 | €27,372 | = | 0.0% |
| Other | 1319 | €440,721 | €533,526 | +€92,805 | +21.1% |
| Tax-exempt reserves | 132 | €41,800 | €31,350 | -€10,450 | -25.0% |
| Distributable reserves | 133 | €433,578 | €433,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147 | €147 | = | 0.0% |
| Provisions and deferred taxes | 16 | €13,933 | €10,450 | -€3,483 | -25.0% |
| Deferred taxes | 168 | €13,933 | €10,450 | -€3,483 | -25.0% |
| Amounts payable | 17/49 | €118,681 | €22,834 | -€95,847 | -80.8% |
| Amounts payable within one year | 42/48 | €114,227 | €19,583 | -€94,644 | -82.9% |
| Trade debts | 44 | €24,343 | €7,857 | -€16,485 | -67.7% |
| Suppliers | 440/4 | €24,343 | €7,857 | -€16,485 | -67.7% |
| Taxes, remuneration and social security | 45 | €15,370 | €11,726 | -€3,644 | -23.7% |
| Taxes | 450/3 | €15,370 | €11,726 | -€3,644 | -23.7% |
| Other amounts payable | 47/48 | €74,514 | - | -€74,514 | |
| Accrued charges and deferred income | 492/3 | €4,454 | €3,250 | -€1,203 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,112 | €130,215 | -€1,897 | -1.4% |
| Other operating charges | 640/8 | €20,621 | €19,420 | -€1,200 | -5.8% |
| Non-recurring operating charges | 66A | - | €25 | +€25 | |
| Gross operating margin | 9900 | €276,323 | €270,866 | -€5,457 | -2.0% |
| Operating profit (loss) | 9901 | €123,591 | €121,206 | -€2,385 | -1.9% |
| Financial income | 75/76B | €342 | €1,201 | +€859 | +251.4% |
| Recurring financial income | 75 | €342 | €1,201 | +€859 | +251.4% |
| Financial charges | 65/66B | €251 | €175 | -€76 | -30.2% |
| Recurring financial charges | 65 | €251 | €175 | -€76 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €123,681 | €122,232 | -€1,449 | -1.2% |
| Transfer from deferred taxes | 780 | €3,483 | €3,483 | = | 0.0% |
| Income taxes | 67/77 | €43,828 | €43,360 | -€468 | -1.1% |
| Profit (loss) for the period | 9904 | €83,336 | €82,355 | -€981 | -1.2% |
| Transfer from tax-exempt reserves | 789 | €10,450 | €10,450 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,786 | €92,805 | -€981 | -1.0% |
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 7 October 2026 via checked.be.