LEDA: 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.
What changed
LEDA
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€92,901
2024 · €108,434-€15,534
Equity
€1.3m
2024 · €1.3m+€32,901
Cash
€366,825
2024 · €276,197+€90,628
Balance sheet total
€3.0m
2024 · €3.1m-€141,933
Largest movements
Assets
- Tangible fixed assets -€138,840
down €138,840 (-6.6%), from €2.1m to €2.0m
of which Leasing and similar rights: -€112,369
- Receivables within one year -€117,869
down €117,869 (-23.3%), from €505,240 to €387,371
of which Trade receivables: -€133,592
- Cash +€90,628
up €90,628 (+32.8%), from €276,197 to €366,825
mainly Depreciation (+€146,109) and Receivables within one year (+€117,869)
Equity and liabilities
- Debts after one year -€108,718
down €108,718 (-7.5%), from €1.4m to €1.3m
- Other debts -€75,067
down €75,067 (-52.3%), from €143,415 to €68,348
- Short-term financial debts +€41,770
new in 2025: €41,770
- Profit (loss) carried forward +€32,901
up €32,901 (+2.9%), from €1.2m to €1.2m
Income statement
- Turnover -€2.8m
no longer reported in 2025 (was €2.8m)
- Purchases and services -€2.2m
no longer reported in 2025 (was €2.2m)
- Staff costs +€46,414
up €46,414 (+18.6%), from €249,622 to €296,036
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.
Result 2024
€108,434
Gross operating margin
+€22,199
Staff costs
-€46,414
Depreciation
-€1,884
Other operating charges
-€567
Financial income
-€5,877
Financial charges
+€11,875
Taxes
+€5,134
Result 2025
€92,901
raises the resultlowers the result
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.
From operations
+€220,483
Investment
-€5,320
Financing
-€124,536
Cash 2024
€276,197
From operations (derived)
+€220,483
Net result for the year
+€92,901
Depreciation
+€146,109
Stocks and contracts
-€23,792
Receivables within one year
+€117,869
Deferred charges and accrued income
-€2,306
Trade debts
-€8,625
Tax, wage and social debts
-€26,606
Other debts
-€75,067
Investment (derived)
-€5,320
Investment in fixed assets (net)
-€5,320
Financing
-€124,536
Debts after one year
-€108,718
Current portion of long-term debt
+€2,412
Short-term financial debts
+€41,770
Contributions, distributions and other
-€60,000
Cash 2025
€366,825
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,138,433 | €2,996,500 | -€141,933 | -4.5% |
| Fixed assets | 21/28 | €2,121,297 | €1,980,507 | -€140,790 | -6.6% |
| Tangible fixed assets | 22/27 | €2,119,222 | €1,980,382 | -€138,840 | -6.6% |
| Plant, machinery and equipment | 23 | €89,291 | €66,048 | -€23,243 | -26.0% |
| Furniture and vehicles | 24 | €26,073 | €22,844 | -€3,228 | -12.4% |
| Leasing and similar rights | 25 | €2,003,858 | €1,891,489 | -€112,369 | -5.6% |
| Financial fixed assets | 28 | €2,075 | €125 | -€1,950 | -94.0% |
| Current assets | 29/58 | €1,017,136 | €1,015,993 | -€1,143 | -0.1% |
| Stocks and contracts in progress | 3 | €233,514 | €257,305 | +€23,792 | +10.2% |
| Stocks | 30/36 | €233,514 | €257,305 | +€23,792 | +10.2% |
| Amounts receivable within one year | 40/41 | €505,240 | €387,371 | -€117,869 | -23.3% |
| Trade receivables | 40 | €364,669 | €231,078 | -€133,592 | -36.6% |
| Other amounts receivable | 41 | €140,571 | €156,294 | +€15,723 | +11.2% |
| Cash at bank and in hand | 54/58 | €276,197 | €366,825 | +€90,628 | +32.8% |
| Deferred charges and accrued income | 490/1 | €2,185 | €4,491 | +€2,306 | +106% |
| Total equity and liabilities | 10/49 | €3,138,433 | €2,996,500 | -€141,933 | -4.5% |
| Equity | 10/15 | €1,266,517 | €1,299,418 | +€32,901 | +2.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | - | €80,000 | +€80,000 | |
| Issued capital | 100 | - | €80,000 | +€80,000 | |
| Reserves | 13 | €35,728 | €35,728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,806 | €8,806 | = | 0.0% |
| Distributable reserves | 133 | €18,922 | €18,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,150,789 | €1,183,690 | +€32,901 | +2.9% |
| Amounts payable | 17/49 | €1,871,916 | €1,697,082 | -€174,834 | -9.3% |
| Amounts payable after more than one year | 17 | €1,445,311 | €1,336,593 | -€108,718 | -7.5% |
| Financial debts | 170/4 | €1,445,311 | €1,336,593 | -€108,718 | -7.5% |
| Amounts payable within one year | 42/48 | €426,593 | €360,477 | -€66,116 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €106,306 | €108,718 | +€2,412 | +2.3% |
| Financial debts | 43 | - | €41,770 | +€41,770 | |
| Credit institutions | 430/8 | - | €41,770 | +€41,770 | |
| Trade debts | 44 | €99,143 | €90,518 | -€8,625 | -8.7% |
| Suppliers | 440/4 | €99,143 | €90,518 | -€8,625 | -8.7% |
| Taxes, remuneration and social security | 45 | €77,729 | €51,123 | -€26,606 | -34.2% |
| Taxes | 450/3 | €58,760 | €28,853 | -€29,907 | -50.9% |
| Remuneration and social security | 454/9 | €18,969 | €22,270 | +€3,301 | +17.4% |
| Other amounts payable | 47/48 | €143,415 | €68,348 | -€75,067 | -52.3% |
| Accrued charges and deferred income | 492/3 | €12 | €12 | = | 0.0% |
| Turnover | 70 | €2,792,078 | - | -€2.8m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,220,456 | - | -€2.2m | |
| Remuneration, social security and pensions | 62 | €249,622 | €296,036 | +€46,414 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,226 | €146,109 | +€1,884 | +1.3% |
| Other operating charges | 640/8 | €20,487 | €21,053 | +€567 | +2.8% |
| Gross operating margin | 9900 | €571,622 | €593,821 | +€22,199 | +3.9% |
| Operating profit (loss) | 9901 | €157,288 | €130,622 | -€26,666 | -17.0% |
| Financial income | 75/76B | €13,623 | €7,746 | -€5,877 | -43.1% |
| Recurring financial income | 75 | €13,623 | €7,746 | -€5,877 | -43.1% |
| Financial charges | 65/66B | €45,887 | €34,011 | -€11,875 | -25.9% |
| Recurring financial charges | 65 | €45,887 | €34,011 | -€11,875 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €125,024 | €104,356 | -€20,668 | -16.5% |
| Income taxes | 67/77 | €16,590 | €11,456 | -€5,134 | -30.9% |
| Profit (loss) for the period | 9904 | €108,434 | €92,901 | -€15,534 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,434 | €92,901 | -€15,534 | -14.3% |
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 13 October 2026 via checked.be.