De Lediaan: what changed
What changed
De Lediaan
NACE 68.122, Development of non-residential building projects
filed annual accounts (NBB)
Net result for the year
€364,606
2024 · -€310,269+€674,876
Equity
€31,674
2024 · -€332,933+€364,606
Cash
€261,220
2024 · €448,920-€187,700
Balance sheet total
€39.9m
2024 · €13.5m+€26.4m
Largest movements
Assets
- Stocks and contracts +€26.6m
up €26.6m (+231%), from €11.5m to €38.1m
Equity and liabilities
- Advances received +€20.9m
new in 2025: €20.9m
- Debts after one year +€6.2m
up €6.2m (+62.4%), from €10.0m to €16.2m
- Trade debts -€595,975
down €595,975 (-37.4%), from €1.6m to €997,549
Income statement
- Gross operating margin +€828,238
up €828,238 (+2,125%), from €38,984 to €867,223
- Financial charges +€154,783
up €154,783 (+44.5%), from €347,863 to €502,646
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€310,269
Gross operating margin
+€828,238
Other operating charges
+€144
Financial income
+€1,823
Financial charges
-€154,783
Taxes
-€547
Result 2025
€364,606
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€6.4m
Investment
-€2,000
Financing
+€6.2m
Cash 2024
€448,920
From operations (derived)
-€6.4m
Net result for the year
+€364,606
Stocks and contracts
-€26.6m
Receivables within one year
-€98,446
Smaller working-capital items
+€63,184
Provisions
-€352,500
Trade debts
-€595,975
Advances received
+€20.9m
Accrued charges and deferred income
-€165,000
Investment (derived)
-€2,000
Investment in fixed assets (net)
-€2,000
Financing
+€6.2m
Debts after one year
+€6.2m
Cash 2025
€261,220
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,505,741 | €39,939,776 | +€26.4m | +196% |
| Fixed assets | 21/28 | €2,300 | €4,300 | +€2,000 | +87.0% |
| Financial fixed assets | 28 | €2,300 | €4,300 | +€2,000 | +87.0% |
| Current assets | 29/58 | €13,503,441 | €39,935,476 | +€26.4m | +196% |
| Stocks and contracts in progress | 3 | €11,502,990 | €38,053,657 | +€26.6m | +231% |
| Contracts in progress | 37 | €11,502,990 | €38,053,657 | +€26.6m | +231% |
| Amounts receivable within one year | 40/41 | €1,404,893 | €1,503,339 | +€98,446 | +7.0% |
| Trade receivables | 40 | €620,682 | €1,462,368 | +€841,686 | +136% |
| Other amounts receivable | 41 | €784,211 | €40,971 | -€743,240 | -94.8% |
| Cash at bank and in hand | 54/58 | €448,920 | €261,220 | -€187,700 | -41.8% |
| Deferred charges and accrued income | 490/1 | €146,638 | €117,260 | -€29,378 | -20.0% |
| Total equity and liabilities | 10/49 | €13,505,741 | €39,939,776 | +€26.4m | +196% |
| Equity | 10/15 | -€332,933 | €31,674 | +€364,606 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,433 | -€29,826 | +€364,606 | +92.4% |
| Provisions and deferred taxes | 16 | €470,000 | €117,500 | -€352,500 | -75.0% |
| Provisions for liabilities and charges | 160/5 | €470,000 | €117,500 | -€352,500 | -75.0% |
| Environmental obligations | 163 | €470,000 | €117,500 | -€352,500 | -75.0% |
| Amounts payable | 17/49 | €13,368,674 | €39,790,602 | +€26.4m | +198% |
| Amounts payable after more than one year | 17 | €10,000,000 | €16,241,996 | +€6.2m | +62.4% |
| Financial debts | 170/4 | €10,000,000 | €16,241,996 | +€6.2m | +62.4% |
| Amounts payable within one year | 42/48 | €3,203,674 | €23,548,606 | +€20.3m | +635% |
| Trade debts | 44 | €1,593,524 | €997,549 | -€595,975 | -37.4% |
| Suppliers | 440/4 | €1,593,524 | €997,549 | -€595,975 | -37.4% |
| Advances received on contracts in progress | 46 | - | €20,907,101 | +€20.9m | |
| Other amounts payable | 47/48 | €1,610,150 | €1,643,957 | +€33,807 | +2.1% |
| Accrued charges and deferred income | 492/3 | €165,000 | - | -€165,000 | |
| Other operating charges | 640/8 | €1,390 | €1,246 | -€144 | -10.4% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €38,984 | €867,223 | +€828,238 | +2,125% |
| Operating profit (loss) | 9901 | €37,594 | €865,976 | +€828,382 | +2,203% |
| Financial income | 75/76B | €0 | €1,823 | +€1,823 | +2,603,843% |
| Recurring financial income | 75 | €0 | €1,823 | +€1,823 | +2,603,843% |
| Financial charges | 65/66B | €347,863 | €502,646 | +€154,783 | +44.5% |
| Recurring financial charges | 65 | €347,863 | €502,646 | +€154,783 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | -€310,269 | €365,153 | +€675,422 | |
| Income taxes | 67/77 | - | €547 | +€547 | |
| Profit (loss) for the period | 9904 | -€310,269 | €364,606 | +€674,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€310,269 | €364,606 | +€674,876 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.