LEDAF SERVICES & CONSULTING: 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.
LEDAF SERVICES & CONSULTING
Largest movements
- Cash +€32,503
up €32,503 (+95.6%), from €34,007 to €66,510
mainly Net result for the year (+€113,218) and Depreciation (+€28,679)
- Tangible fixed assets +€18,388
up €18,388 (+8.0%), from €229,618 to €248,006
of which Land and buildings: +€23,714
- Receivables after one year -€15,000
no longer reported in 2025 (was €15,000)
- Receivables within one year +€6,263
up €6,263 (+15.6%), from €40,109 to €46,372
of which Trade receivables: +€10,589
- Profit (loss) carried forward +€53,218
up €53,218 (+91.3%), from €58,304 to €111,522
- Debts after one year -€17,425
down €17,425 (-12.0%), from €145,455 to €128,030
- Other debts +€5,318
new in 2025: €5,318
- Gross operating margin +€113,040
up €113,040 (+159%), from €70,974 to €184,014
- Staff costs +€25,559
new in 2025: €25,559
- Depreciation +€5,149
up €5,149 (+21.9%), from €23,530 to €28,679
- Taxes +€2,901
up €2,901 (+27.9%), from €10,404 to €13,305
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 | €363,734 | €405,888 | +€42,154 | +11.6% |
| Fixed assets | 21/28 | €274,618 | €293,006 | +€18,388 | +6.7% |
| Tangible fixed assets | 22/27 | €229,618 | €248,006 | +€18,388 | +8.0% |
| Land and buildings | 22 | €224,292 | €248,006 | +€23,714 | +10.6% |
| Plant, machinery and equipment | 23 | €624 | - | -€624 | |
| Other tangible fixed assets | 26 | €4,702 | - | -€4,702 | |
| Financial fixed assets | 28 | €45,000 | €45,000 | = | 0.0% |
| Current assets | 29/58 | €89,116 | €112,882 | +€23,766 | +26.7% |
| Amounts receivable after more than one year | 29 | €15,000 | - | -€15,000 | |
| Trade receivables | 290 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €40,109 | €46,372 | +€6,263 | +15.6% |
| Trade receivables | 40 | €35,783 | €46,372 | +€10,589 | +29.6% |
| Other amounts receivable | 41 | €4,326 | - | -€4,326 | |
| Cash at bank and in hand | 54/58 | €34,007 | €66,510 | +€32,503 | +95.6% |
| Total equity and liabilities | 10/49 | €363,734 | €405,888 | +€42,154 | +11.6% |
| Equity | 10/15 | €188,330 | €241,548 | +€53,218 | +28.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €101,466 | €101,466 | +€0 | 0.0% |
| Reserves | 13 | €9,960 | €9,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,100 | €8,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,304 | €111,522 | +€53,218 | +91.3% |
| Amounts payable | 17/49 | €175,404 | €164,340 | -€11,064 | -6.3% |
| Amounts payable after more than one year | 17 | €145,455 | €128,030 | -€17,425 | -12.0% |
| Financial debts | 170/4 | €145,455 | €128,030 | -€17,425 | -12.0% |
| Amounts payable within one year | 42/48 | €29,949 | €36,310 | +€6,361 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €17,425 | €16,375 | -€1,050 | -6.0% |
| Trade debts | 44 | €2,120 | €1,312 | -€808 | -38.1% |
| Suppliers | 440/4 | €2,120 | €1,312 | -€808 | -38.1% |
| Taxes, remuneration and social security | 45 | €10,404 | €13,305 | +€2,901 | +27.9% |
| Taxes | 450/3 | €10,404 | €13,305 | +€2,901 | +27.9% |
| Other amounts payable | 47/48 | - | €5,318 | +€5,318 | |
| Remuneration, social security and pensions | 62 | - | €25,559 | +€25,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,530 | €28,679 | +€5,149 | +21.9% |
| Non-recurring operating charges | 66A | €1,939 | - | -€1,939 | |
| Gross operating margin | 9900 | €70,974 | €184,014 | +€113,040 | +159% |
| Operating profit (loss) | 9901 | €45,505 | €129,776 | +€84,271 | +185% |
| Financial charges | 65/66B | €3,888 | €3,253 | -€635 | -16.3% |
| Recurring financial charges | 65 | €3,888 | €3,253 | -€635 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €41,617 | €126,523 | +€84,906 | +204% |
| Income taxes | 67/77 | €10,404 | €13,305 | +€2,901 | +27.9% |
| Profit (loss) for the period | 9904 | €31,213 | €113,218 | +€82,005 | +263% |
| Profit (loss) for the period to be appropriated | 9905 | €31,213 | €113,218 | +€82,005 | +263% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.