Ledar: 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.
Ledar
Largest movements
- Tangible fixed assets -€27,891
down €27,891 (-41.1%), from €67,787 to €39,897
of which Furniture and vehicles: -€26,346
- Receivables within one year -€6,368
down €6,368 (-44.3%), from €14,390 to €8,021
of which Trade receivables: -€6,368
- Debts after one year -€15,481
down €15,481 (-43.2%), from €35,831 to €20,351
- Profit (loss) carried forward -€9,654
new in 2025: -€9,654
- Reserves -€9,139
no longer reported in 2025 (was €9,139)
- Tax, wage and social debts +€3,142
up €3,142 (+34.0%), from €9,247 to €12,389
of which Remuneration and social security: +€5,456
- Accrued charges and deferred income -€962
no longer reported in 2025 (was €962)
- Gross operating margin -€9,961
down €9,961 (-39.9%), from €24,958 to €14,997
- Depreciation -€1,145
down €1,145 (-3.9%), from €29,036 to €27,891
- Other operating charges -€826
down €826 (-24.9%), from €3,314 to €2,488
- Financial charges -€504
down €504 (-13.9%), from €3,631 to €3,127
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 | €83,918 | €50,815 | -€33,103 | -39.4% |
| Fixed assets | 21/28 | €68,477 | €40,587 | -€27,891 | -40.7% |
| Tangible fixed assets | 22/27 | €67,787 | €39,897 | -€27,891 | -41.1% |
| Plant, machinery and equipment | 23 | €2,662 | €1,117 | -€1,545 | -58.0% |
| Furniture and vehicles | 24 | €65,125 | €38,779 | -€26,346 | -40.5% |
| Financial fixed assets | 28 | €690 | €690 | = | 0.0% |
| Current assets | 29/58 | €15,441 | €10,228 | -€5,212 | -33.8% |
| Amounts receivable within one year | 40/41 | €14,390 | €8,021 | -€6,368 | -44.3% |
| Trade receivables | 40 | €14,377 | €8,009 | -€6,368 | -44.3% |
| Other amounts receivable | 41 | €12 | €12 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8 | €472 | +€464 | +6050.2% |
| Deferred charges and accrued income | 490/1 | €1,043 | €1,735 | +€692 | +66.3% |
| Total equity and liabilities | 10/49 | €83,918 | €50,815 | -€33,103 | -39.4% |
| Equity | 10/15 | €15,339 | -€3,454 | -€18,793 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,139 | - | -€9,139 | |
| Distributable reserves | 133 | €9,139 | - | -€9,139 | |
| Profit (loss) carried forward | 14 | - | -€9,654 | -€9,654 | |
| Amounts payable | 17/49 | €68,579 | €54,269 | -€14,310 | -20.9% |
| Amounts payable after more than one year | 17 | €35,831 | €20,351 | -€15,481 | -43.2% |
| Financial debts | 170/4 | €35,831 | €20,351 | -€15,481 | -43.2% |
| Amounts payable within one year | 42/48 | €31,786 | €33,918 | +€2,133 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €14,804 | €15,481 | +€677 | +4.6% |
| Financial debts | 43 | €2,297 | €1,717 | -€580 | -25.2% |
| Credit institutions | 430/8 | €2,297 | €1,717 | -€580 | -25.2% |
| Trade debts | 44 | €1,608 | €987 | -€620 | -38.6% |
| Suppliers | 440/4 | €1,608 | €987 | -€620 | -38.6% |
| Taxes, remuneration and social security | 45 | €9,247 | €12,389 | +€3,142 | +34.0% |
| Taxes | 450/3 | €5,410 | €3,096 | -€2,314 | -42.8% |
| Remuneration and social security | 454/9 | €3,837 | €9,292 | +€5,456 | +142.2% |
| Other amounts payable | 47/48 | €3,831 | €3,344 | -€487 | -12.7% |
| Accrued charges and deferred income | 492/3 | €962 | - | -€962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,036 | €27,891 | -€1,145 | -3.9% |
| Other operating charges | 640/8 | €3,314 | €2,488 | -€826 | -24.9% |
| Gross operating margin | 9900 | €24,958 | €14,997 | -€9,961 | -39.9% |
| Operating profit (loss) | 9901 | -€7,392 | -€15,382 | -€7,991 | -108.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,631 | €3,127 | -€504 | -13.9% |
| Recurring financial charges | 65 | €3,631 | €3,127 | -€504 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,023 | -€18,510 | -€7,487 | -67.9% |
| Income taxes | 67/77 | €316 | €283 | -€33 | -10.3% |
| Profit (loss) for the period | 9904 | -€11,339 | -€18,793 | -€7,454 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,339 | -€18,793 | -€7,454 | -65.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.