L.E.D.L.C.: 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.
L.E.D.L.C.
Largest movements
- Tangible fixed assets -€12,424
down €12,424 (-16.0%), from €77,688 to €65,264
of which Plant, machinery and equipment: -€9,001
- Stocks and contracts +€6,163
up €6,163 (+208.5%), from €2,956 to €9,120
- Cash -€3,059
down €3,059 (-14.9%), from €20,471 to €17,413
mainly Other debts (-€8,397) and Stocks and contracts (-€6,163)
- Receivables within one year -€1,882
down €1,882 (-31.0%), from €6,079 to €4,198
of which Other amounts receivable: -€2,911
- Other debts -€8,397
down €8,397 (-12.3%), from €68,302 to €59,905
- Profit (loss) carried forward -€4,322
down €4,322 (-25.3%), from €17,100 to €12,779
- Tax, wage and social debts +€1,669
up €1,669 (+3826.8%), from €44 to €1,713
- Gross operating margin -€5,328
down €5,328 (-31.2%), from €17,065 to €11,737
- Purchases and services +€3,509
up €3,509 (+10.9%), from €32,199 to €35,708
- Turnover -€1,819
down €1,819 (-3.7%), from €49,263 to €47,444
- Depreciation -€594
down €594 (-3.8%), from €15,446 to €14,852
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 | €107,245 | €96,043 | -€11,202 | -10.4% |
| Fixed assets | 21/28 | €77,738 | €65,313 | -€12,424 | -16.0% |
| Tangible fixed assets | 22/27 | €77,688 | €65,264 | -€12,424 | -16.0% |
| Land and buildings | 22 | €1,254 | €896 | -€358 | -28.6% |
| Plant, machinery and equipment | 23 | €49,025 | €40,024 | -€9,001 | -18.4% |
| Furniture and vehicles | 24 | €23,347 | €18,678 | -€4,669 | -20.0% |
| Other tangible fixed assets | 26 | €4,062 | €5,667 | +€1,604 | +39.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €29,507 | €30,730 | +€1,223 | +4.1% |
| Stocks and contracts in progress | 3 | €2,956 | €9,120 | +€6,163 | +208.5% |
| Stocks | 30/36 | €2,956 | €9,120 | +€6,163 | +208.5% |
| Amounts receivable within one year | 40/41 | €6,079 | €4,198 | -€1,882 | -31.0% |
| Trade receivables | 40 | €3,169 | €4,198 | +€1,029 | +32.5% |
| Other amounts receivable | 41 | €2,911 | - | -€2,911 | |
| Cash at bank and in hand | 54/58 | €20,471 | €17,413 | -€3,059 | -14.9% |
| Total equity and liabilities | 10/49 | €107,245 | €96,043 | -€11,202 | -10.4% |
| Equity | 10/15 | €38,185 | €33,864 | -€4,322 | -11.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,085 | €1,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,085 | €1,085 | = | 0.0% |
| Legal reserve | 130 | €1,085 | €1,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,100 | €12,779 | -€4,322 | -25.3% |
| Amounts payable | 17/49 | €69,060 | €62,180 | -€6,880 | -10.0% |
| Amounts payable within one year | 42/48 | €69,060 | €62,180 | -€6,880 | -10.0% |
| Trade debts | 44 | €714 | €561 | -€153 | -21.4% |
| Suppliers | 440/4 | €714 | €561 | -€153 | -21.4% |
| Taxes, remuneration and social security | 45 | €44 | €1,713 | +€1,669 | +3826.8% |
| Taxes | 450/3 | €44 | €1,713 | +€1,669 | +3826.8% |
| Other amounts payable | 47/48 | €68,302 | €59,905 | -€8,397 | -12.3% |
| Turnover | 70 | €49,263 | €47,444 | -€1,819 | -3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,199 | €35,708 | +€3,509 | +10.9% |
| Remuneration, social security and pensions | 62 | €220 | €134 | -€86 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,446 | €14,852 | -€594 | -3.8% |
| Other operating charges | 640/8 | €728 | €1,062 | +€334 | +45.8% |
| Gross operating margin | 9900 | €17,065 | €11,737 | -€5,328 | -31.2% |
| Operating profit (loss) | 9901 | €669 | -€4,312 | -€4,982 | |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €31 | €36 | +€5 | +16.2% |
| Recurring financial charges | 65 | €31 | €36 | +€5 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €639 | -€4,322 | -€4,960 | |
| Income taxes | 67/77 | €359 | - | -€359 | |
| Profit (loss) for the period | 9904 | €280 | -€4,322 | -€4,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €280 | -€4,322 | -€4,602 |
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.