FERME LEDOUX LA FORGE: 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.
FERME LEDOUX LA FORGE
Largest movements
- Receivables within one year +€31,952
up €31,952 (+282%), from €11,318 to €43,270
of which Trade receivables: +€32,218
- Tangible fixed assets -€5,162
down €5,162 (-2.2%), from €231,972 to €226,811
of which Plant, machinery and equipment: -€2,960
- Other debts +€118,220
up €118,220 (+166%), from €71,349 to €189,569
- Debts after one year -€45,000
down €45,000 (-30.0%), from €150,000 to €105,000
- Profit (loss) carried forward -€24,261
down €24,261 (-28.7%), from -€84,438 to -€108,699
- Trade debts -€18,457
down €18,457 (-51.1%), from €36,117 to €17,660
- Tax, wage and social debts -€4,000
no longer reported in 2025 (was €4,000)
- Gross operating margin +€75,224
up €75,224, from -€40,384 to €34,840
- Depreciation +€18,468
up €18,468 (+52.5%), from €35,194 to €53,662
- Financial charges +€3,743
up €3,743 (+132%), from €2,828 to €6,571
- Financial income +€905
up €905 (+399%), from €227 to €1,132
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 | €250,028 | €276,531 | +€26,503 | +10.6% |
| Fixed assets | 21/28 | €231,972 | €226,811 | -€5,162 | -2.2% |
| Tangible fixed assets | 22/27 | €231,972 | €226,811 | -€5,162 | -2.2% |
| Plant, machinery and equipment | 23 | €14,056 | €11,096 | -€2,960 | -21.1% |
| Furniture and vehicles | 24 | €217,916 | €215,715 | -€2,202 | -1.0% |
| Current assets | 29/58 | €18,055 | €49,720 | +€31,665 | +175% |
| Amounts receivable within one year | 40/41 | €11,318 | €43,270 | +€31,952 | +282% |
| Trade receivables | 40 | €7,920 | €40,138 | +€32,218 | +407% |
| Other amounts receivable | 41 | €3,397 | €3,131 | -€266 | -7.8% |
| Cash at bank and in hand | 54/58 | €6,737 | €6,450 | -€287 | -4.3% |
| Total equity and liabilities | 10/49 | €250,028 | €276,531 | +€26,503 | +10.6% |
| Equity | 10/15 | -€76,438 | -€100,699 | -€24,261 | -31.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,438 | -€108,699 | -€24,261 | -28.7% |
| Amounts payable | 17/49 | €326,466 | €377,230 | +€50,764 | +15.5% |
| Amounts payable after more than one year | 17 | €150,000 | €105,000 | -€45,000 | -30.0% |
| Financial debts | 170/4 | €150,000 | €105,000 | -€45,000 | -30.0% |
| Amounts payable within one year | 42/48 | €176,466 | €272,230 | +€95,764 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €45,000 | = | 0.0% |
| Trade debts | 44 | €36,117 | €17,660 | -€18,457 | -51.1% |
| Suppliers | 440/4 | €36,117 | €17,660 | -€18,457 | -51.1% |
| Advances received on contracts in progress | 46 | €20,000 | €20,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,000 | - | -€4,000 | |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €71,349 | €189,569 | +€118,220 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,194 | €53,662 | +€18,468 | +52.5% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€40,384 | €34,840 | +€75,224 | |
| Operating profit (loss) | 9901 | -€75,966 | -€18,822 | +€57,144 | +75.2% |
| Financial income | 75/76B | €227 | €1,132 | +€905 | +399% |
| Recurring financial income | 75 | €227 | €1,132 | +€905 | +399% |
| Financial charges | 65/66B | €2,828 | €6,571 | +€3,743 | +132% |
| Recurring financial charges | 65 | €2,828 | €6,571 | +€3,743 | +132% |
| Profit (loss) for the period before taxes | 9903 | -€78,567 | -€24,261 | +€54,306 | +69.1% |
| Profit (loss) for the period | 9904 | -€78,567 | -€24,261 | +€54,306 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,567 | -€24,261 | +€54,306 | +69.1% |
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.