LEDA VISHANDEL: 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.
LEDA VISHANDEL
Largest movements
- Cash +€11,619
up €11,619 (+255%), from €4,563 to €16,182
mainly Other debts (+€10,863) and Depreciation (+€10,811)
- Tangible fixed assets -€10,811
down €10,811 (-13.9%), from €77,606 to €66,795
of which Other tangible fixed assets: -€9,386
- Receivables within one year -€2,887
no longer reported in 2025 (was €2,887)
of which Trade receivables: -€1,743
- Other debts +€10,863
new in 2025: €10,863
- Debts after one year -€9,875
down €9,875 (-13.1%), from €75,128 to €65,254
- Reserves -€7,241
down €7,241 (-14.7%), from €49,380 to €42,139
- Trade debts +€1,995
up €1,995 (+220%), from €907 to €2,902
- Gross operating margin +€9,017
up €9,017 (+64.8%), from €13,922 to €22,939
- Taxes +€1,388
up €1,388 (+1,085%), from €128 to €1,516
- Depreciation -€908
down €908 (-7.8%), from €11,719 to €10,811
- Financial income +€342
up €342 (+32.9%), from €1,041 to €1,383
- Financial charges -€290
down €290 (-7.5%), from €3,843 to €3,553
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 | €156,592 | €154,984 | -€1,609 | -1.0% |
| Fixed assets | 21/28 | €77,606 | €66,795 | -€10,811 | -13.9% |
| Tangible fixed assets | 22/27 | €77,606 | €66,795 | -€10,811 | -13.9% |
| Plant, machinery and equipment | 23 | €2,676 | €1,683 | -€993 | -37.1% |
| Furniture and vehicles | 24 | €1,048 | €616 | -€432 | -41.2% |
| Other tangible fixed assets | 26 | €73,883 | €64,496 | -€9,386 | -12.7% |
| Current assets | 29/58 | €78,986 | €88,188 | +€9,202 | +11.7% |
| Stocks and contracts in progress | 3 | €7,865 | €7,010 | -€855 | -10.9% |
| Stocks | 30/36 | €7,865 | €7,010 | -€855 | -10.9% |
| Amounts receivable within one year | 40/41 | €2,887 | - | -€2,887 | |
| Trade receivables | 40 | €1,743 | - | -€1,743 | |
| Other amounts receivable | 41 | €1,143 | - | -€1,143 | |
| Current investments | 50/53 | €60,677 | €61,760 | +€1,082 | +1.8% |
| Cash at bank and in hand | 54/58 | €4,563 | €16,182 | +€11,619 | +255% |
| Deferred charges and accrued income | 490/1 | €2,994 | €3,237 | +€242 | +8.1% |
| Total equity and liabilities | 10/49 | €156,592 | €154,984 | -€1,609 | -1.0% |
| Equity | 10/15 | €67,980 | €60,739 | -€7,241 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,380 | €42,139 | -€7,241 | -14.7% |
| Distributable reserves | 133 | €49,380 | €42,139 | -€7,241 | -14.7% |
| Amounts payable | 17/49 | €88,613 | €94,245 | +€5,632 | +6.4% |
| Amounts payable after more than one year | 17 | €75,128 | €65,254 | -€9,875 | -13.1% |
| Financial debts | 170/4 | €75,128 | €65,254 | -€9,875 | -13.1% |
| Amounts payable within one year | 42/48 | €12,118 | €26,456 | +€14,337 | +118% |
| Current portion of amounts payable after more than one year | 42 | €9,568 | €9,875 | +€307 | +3.2% |
| Trade debts | 44 | €907 | €2,902 | +€1,995 | +220% |
| Suppliers | 440/4 | €907 | €2,902 | +€1,995 | +220% |
| Taxes, remuneration and social security | 45 | €1,643 | €2,816 | +€1,173 | +71.4% |
| Taxes | 450/3 | €1,643 | €2,816 | +€1,173 | +71.4% |
| Other amounts payable | 47/48 | - | €10,863 | +€10,863 | |
| Accrued charges and deferred income | 492/3 | €1,366 | €2,535 | +€1,169 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,719 | €10,811 | -€908 | -7.8% |
| Other operating charges | 640/8 | €1,741 | €1,682 | -€58 | -3.4% |
| Gross operating margin | 9900 | €13,922 | €22,939 | +€9,017 | +64.8% |
| Operating profit (loss) | 9901 | €462 | €10,446 | +€9,983 | +2,160% |
| Financial income | 75/76B | €1,041 | €1,383 | +€342 | +32.9% |
| Recurring financial income | 75 | €1,041 | €1,383 | +€342 | +32.9% |
| Financial charges | 65/66B | €3,843 | €3,553 | -€290 | -7.5% |
| Recurring financial charges | 65 | €3,843 | €3,553 | -€290 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,340 | €8,275 | +€10,615 | |
| Income taxes | 67/77 | €128 | €1,516 | +€1,388 | +1,085% |
| Profit (loss) for the period | 9904 | -€2,468 | €6,759 | +€9,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,468 | €6,759 | +€9,227 |
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 18 October 2026 via checked.be.