LDK - Lesandré: 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.
LDK - Lesandré
Largest movements
- Tangible fixed assets -€30,378
down €30,378 (-33.2%), from €91,514 to €61,136
of which Furniture and vehicles: -€36,516
- Cash -€15,512
down €15,512 (-95.3%), from €16,277 to €765
mainly Debts after one year (-€31,511) and Net result for the year (-€10,102)
- Receivables within one year +€2,409
up €2,409 (+9.5%), from €25,428 to €27,838
- Debts after one year -€31,511
down €31,511 (-54.9%), from €57,435 to €25,924
- Profit (loss) carried forward -€10,102
down €10,102, from €0 to -€10,102
- Tax, wage and social debts -€2,933
down €2,933 (-14.8%), from €19,769 to €16,835
of which Taxes: -€2,933
- Trade debts +€1,876
up €1,876 (+28.3%), from €6,639 to €8,516
- Current portion of long-term debt +€1,442
up €1,442 (+4.8%), from €30,069 to €31,511
- Gross operating margin -€30,921
down €30,921 (-48.5%), from €63,747 to €32,825
- Taxes -€3,384
down €3,384 (-79.0%), from €4,284 to €900
- Financial charges -€804
down €804 (-27.2%), from €2,955 to €2,152
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 | €135,748 | €92,484 | -€43,264 | -31.9% |
| Fixed assets | 21/28 | €91,514 | €61,136 | -€30,378 | -33.2% |
| Tangible fixed assets | 22/27 | €91,514 | €61,136 | -€30,378 | -33.2% |
| Plant, machinery and equipment | 23 | €5,516 | €11,654 | +€6,138 | +111.3% |
| Furniture and vehicles | 24 | €85,999 | €49,482 | -€36,516 | -42.5% |
| Current assets | 29/58 | €44,234 | €31,348 | -€12,886 | -29.1% |
| Amounts receivable within one year | 40/41 | €25,428 | €27,838 | +€2,409 | +9.5% |
| Trade receivables | 40 | €25,428 | €27,838 | +€2,409 | +9.5% |
| Cash at bank and in hand | 54/58 | €16,277 | €765 | -€15,512 | -95.3% |
| Deferred charges and accrued income | 490/1 | €2,528 | €2,745 | +€217 | +8.6% |
| Total equity and liabilities | 10/49 | €135,748 | €92,484 | -€43,264 | -31.9% |
| Equity | 10/15 | €14,164 | €4,062 | -€10,102 | -71.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,164 | €9,164 | = | 0.0% |
| Distributable reserves | 133 | €9,164 | €9,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€10,102 | -€10,102 | |
| Amounts payable | 17/49 | €121,585 | €88,422 | -€33,162 | -27.3% |
| Amounts payable after more than one year | 17 | €57,435 | €25,924 | -€31,511 | -54.9% |
| Financial debts | 170/4 | €57,435 | €25,924 | -€31,511 | -54.9% |
| Amounts payable within one year | 42/48 | €63,513 | €62,498 | -€1,014 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €30,069 | €31,511 | +€1,442 | +4.8% |
| Trade debts | 44 | €6,639 | €8,516 | +€1,876 | +28.3% |
| Suppliers | 440/4 | €6,639 | €8,516 | +€1,876 | +28.3% |
| Taxes, remuneration and social security | 45 | €19,769 | €16,835 | -€2,933 | -14.8% |
| Taxes | 450/3 | €16,769 | €13,835 | -€2,933 | -17.5% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,035 | €5,636 | -€1,399 | -19.9% |
| Accrued charges and deferred income | 492/3 | €637 | - | -€637 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,224 | €37,794 | +€570 | +1.5% |
| Other operating charges | 640/8 | €1,895 | €2,081 | +€187 | +9.9% |
| Gross operating margin | 9900 | €63,747 | €32,825 | -€30,921 | -48.5% |
| Operating profit (loss) | 9901 | €24,628 | -€7,050 | -€31,678 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,955 | €2,152 | -€804 | -27.2% |
| Recurring financial charges | 65 | €2,955 | €2,152 | -€804 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €21,673 | -€9,202 | -€30,875 | |
| Income taxes | 67/77 | €4,284 | €900 | -€3,384 | -79.0% |
| Profit (loss) for the period | 9904 | €17,389 | -€10,102 | -€27,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,389 | -€10,102 | -€27,491 |
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.