LEDATECH: 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.
LEDATECH
Largest movements
- Tangible fixed assets +€35,612
up €35,612 (+291%), from €12,225 to €47,837
of which Furniture and vehicles: +€37,634
- Receivables within one year -€19,507
down €19,507 (-9.6%), from €202,772 to €183,265
of which Trade receivables: -€14,500
- Cash +€4,101
up €4,101 (+7.2%), from €57,182 to €61,283
mainly Net result for the year (+€90,354) and Receivables within one year (+€19,507)
- Tax, wage and social debts -€23,964
down €23,964 (-37.8%), from €63,343 to €39,379
of which Taxes: -€23,226
- Debts after one year +€17,096
new in 2025: €17,096
- Current portion of long-term debt +€13,232
new in 2025: €13,232
- Other debts +€12,638
up €12,638 (+6.9%), from €183,724 to €196,362
- Gross operating margin -€30,852
down €30,852 (-15.3%), from €201,274 to €170,422
- Taxes -€8,717
down €8,717 (-20.6%), from €42,277 to €33,560
- Depreciation +€8,364
up €8,364 (+230%), from €3,638 to €12,002
- Staff costs -€2,027
down €2,027 (-6.0%), from €33,898 to €31,871
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 | €272,178 | €293,286 | +€21,107 | +7.8% |
| Fixed assets | 21/28 | €12,225 | €47,837 | +€35,612 | +291% |
| Tangible fixed assets | 22/27 | €12,225 | €47,837 | +€35,612 | +291% |
| Plant, machinery and equipment | 23 | €2,706 | €1,804 | -€902 | -33.3% |
| Furniture and vehicles | 24 | €7,649 | €45,283 | +€37,634 | +492% |
| Other tangible fixed assets | 26 | €1,870 | €750 | -€1,120 | -59.9% |
| Current assets | 29/58 | €259,954 | €245,449 | -€14,504 | -5.6% |
| Amounts receivable within one year | 40/41 | €202,772 | €183,265 | -€19,507 | -9.6% |
| Trade receivables | 40 | €18,500 | €4,000 | -€14,500 | -78.4% |
| Other amounts receivable | 41 | €184,272 | €179,265 | -€5,007 | -2.7% |
| Cash at bank and in hand | 54/58 | €57,182 | €61,283 | +€4,101 | +7.2% |
| Deferred charges and accrued income | 490/1 | €0 | €902 | +€902 | |
| Total equity and liabilities | 10/49 | €272,178 | €293,286 | +€21,107 | +7.8% |
| Equity | 10/15 | €18,662 | €19,016 | +€354 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62 | €416 | +€354 | +569% |
| Distributable reserves | 133 | €62 | €416 | +€354 | +569% |
| Amounts payable | 17/49 | €253,516 | €274,270 | +€20,754 | +8.2% |
| Amounts payable after more than one year | 17 | - | €17,096 | +€17,096 | |
| Financial debts | 170/4 | - | €17,096 | +€17,096 | |
| Amounts payable within one year | 42/48 | €253,516 | €257,174 | +€3,658 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | - | €13,232 | +€13,232 | |
| Trade debts | 44 | €6,449 | €8,200 | +€1,752 | +27.2% |
| Suppliers | 440/4 | €6,449 | €8,200 | +€1,752 | +27.2% |
| Taxes, remuneration and social security | 45 | €63,343 | €39,379 | -€23,964 | -37.8% |
| Taxes | 450/3 | €62,605 | €39,379 | -€23,226 | -37.1% |
| Remuneration and social security | 454/9 | €738 | - | -€738 | |
| Other amounts payable | 47/48 | €183,724 | €196,362 | +€12,638 | +6.9% |
| Remuneration, social security and pensions | 62 | €33,898 | €31,871 | -€2,027 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,638 | €12,002 | +€8,364 | +230% |
| Other operating charges | 640/8 | €1,173 | €1,331 | +€158 | +13.5% |
| Gross operating margin | 9900 | €201,274 | €170,422 | -€30,852 | -15.3% |
| Operating profit (loss) | 9901 | €162,565 | €125,218 | -€37,348 | -23.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €226 | €1,304 | +€1,078 | +477% |
| Recurring financial charges | 65 | €226 | €1,304 | +€1,078 | +477% |
| Profit (loss) for the period before taxes | 9903 | €162,339 | €123,914 | -€38,426 | -23.7% |
| Income taxes | 67/77 | €42,277 | €33,560 | -€8,717 | -20.6% |
| Profit (loss) for the period | 9904 | €120,062 | €90,354 | -€29,708 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,062 | €90,354 | -€29,708 | -24.7% |
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 14 October 2026 via checked.be.