LEDAINE IMMO: 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.
LEDAINE IMMO
Largest movements
- Cash +€166,719
up €166,719 (+363.1%), from €45,920 to €212,639
mainly Debts after one year (+€350,000) and Current investments (+€150,000)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Tangible fixed assets -€50,535
down €50,535 (-2.7%), from €1.9m to €1.8m
- Other debts -€409,413
down €409,413 (-75.4%), from €542,699 to €133,286
- Debts after one year +€350,000
new in 2025: €350,000
- Reserves +€23,330
up €23,330 (+12.1%), from €192,193 to €215,523
of which Distributable reserves: +€23,330
- Gross operating margin -€13,308
down €13,308 (-10.7%), from €124,312 to €111,005
- Financial income -€8,989
down €8,989 (-91.8%), from €9,788 to €800
- Taxes -€8,464
down €8,464 (-39.3%), from €21,546 to €13,082
- Depreciation +€3,688
up €3,688 (+5.3%), from €68,944 to €72,632
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 | €2,085,398 | €2,044,349 | -€41,049 | -2.0% |
| Fixed assets | 21/28 | €1,854,433 | €1,803,898 | -€50,535 | -2.7% |
| Tangible fixed assets | 22/27 | €1,854,433 | €1,803,898 | -€50,535 | -2.7% |
| Land and buildings | 22 | €1,854,433 | €1,803,898 | -€50,535 | -2.7% |
| Current assets | 29/58 | €230,966 | €240,452 | +€9,486 | +4.1% |
| Amounts receivable within one year | 40/41 | €25,067 | €23,204 | -€1,863 | -7.4% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €25,067 | €17,154 | -€7,913 | -31.6% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €45,920 | €212,639 | +€166,719 | +363.1% |
| Deferred charges and accrued income | 490/1 | €9,979 | €4,608 | -€5,371 | -53.8% |
| Total equity and liabilities | 10/49 | €2,085,398 | €2,044,349 | -€41,049 | -2.0% |
| Equity | 10/15 | €1,536,103 | €1,559,433 | +€23,330 | +1.5% |
| Contributions | 10/11 | €256,000 | €256,000 | = | 0.0% |
| Capital | 10 | €256,000 | €256,000 | = | 0.0% |
| Issued capital | 100 | €256,000 | €256,000 | = | 0.0% |
| Reserves | 13 | €192,193 | €215,523 | +€23,330 | +12.1% |
| Non-distributable reserves | 130/1 | €45,600 | €45,600 | = | 0.0% |
| Legal reserve | 130 | €45,600 | €45,600 | = | 0.0% |
| Distributable reserves | 133 | €146,593 | €169,923 | +€23,330 | +15.9% |
| Profit (loss) carried forward | 14 | €1,087,910 | €1,087,910 | = | 0.0% |
| Amounts payable | 17/49 | €549,295 | €484,916 | -€64,380 | -11.7% |
| Amounts payable after more than one year | 17 | - | €350,000 | +€350,000 | |
| Financial debts | 170/4 | - | €350,000 | +€350,000 | |
| Amounts payable within one year | 42/48 | €548,168 | €134,899 | -€413,268 | -75.4% |
| Trade debts | 44 | €5,468 | €563 | -€4,905 | -89.7% |
| Suppliers | 440/4 | €5,468 | €563 | -€4,905 | -89.7% |
| Taxes, remuneration and social security | 45 | €1 | €1,050 | +€1,050 | +209900.0% |
| Taxes | 450/3 | €1 | €1,050 | +€1,050 | +209900.0% |
| Other amounts payable | 47/48 | €542,699 | €133,286 | -€409,413 | -75.4% |
| Accrued charges and deferred income | 492/3 | €1,128 | €17 | -€1,111 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,944 | €72,632 | +€3,688 | +5.3% |
| Other operating charges | 640/8 | €2,248 | €2,398 | +€150 | +6.7% |
| Gross operating margin | 9900 | €124,312 | €111,005 | -€13,308 | -10.7% |
| Operating profit (loss) | 9901 | €53,120 | €35,975 | -€17,145 | -32.3% |
| Financial income | 75/76B | €9,788 | €800 | -€8,989 | -91.8% |
| Recurring financial income | 75 | €9,788 | €800 | -€8,989 | -91.8% |
| Financial charges | 65/66B | €318 | €362 | +€44 | +13.9% |
| Recurring financial charges | 65 | €318 | €362 | +€44 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €62,590 | €36,413 | -€26,178 | -41.8% |
| Income taxes | 67/77 | €21,546 | €13,082 | -€8,464 | -39.3% |
| Profit (loss) for the period | 9904 | €41,045 | €23,330 | -€17,714 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,045 | €23,330 | -€17,714 | -43.2% |
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 12 October 2026 via checked.be.