LEDDIS: what changed
Two fiscal 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.
LEDDIS
Largest movements
- Cash -€35,611
down €35,611 (-59.5%), from €59,811 to €24,200
mainly Debts after one year (-€31,924) and Deferred charges and accrued income (-€10,093)
- Stocks and contracts -€12,087
down €12,087 (-11.5%), from €105,345 to €93,258
- Deferred charges and accrued income +€10,093
up €10,093 (+412.0%), from €2,450 to €12,544
- Tangible fixed assets -€7,103
down €7,103 (-36.4%), from €19,511 to €12,408
of which Furniture and vehicles: -€3,822
- Financial fixed assets +€3,000
up €3,000 (+48.9%), from €6,130 to €9,130
- Debts after one year -€31,924
down €31,924 (-8.3%), from €383,794 to €351,870
of which Financial debts: -€26,924
- Trade debts -€9,161
down €9,161 (-16.5%), from €55,675 to €46,514
- Depreciation -€10,412
down €10,412 (-56.4%), from €18,445 to €8,033
- Gross operating margin +€9,013
up €9,013 (+14.8%), from €60,961 to €69,974
- Staff costs -€4,916
down €4,916 (-10.8%), from €45,603 to €40,687
- Financial charges -€2,637
down €2,637 (-23.1%), from €11,417 to €8,781
- Write-downs +€1,705
up €1,705 (+310.1%), from €550 to €2,255
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 | €285,530 | €243,456 | -€42,074 | -14.7% |
| Fixed assets | 21/28 | €25,641 | €21,538 | -€4,103 | -16.0% |
| Tangible fixed assets | 22/27 | €19,511 | €12,408 | -€7,103 | -36.4% |
| Plant, machinery and equipment | 23 | €346 | - | -€346 | |
| Furniture and vehicles | 24 | €5,504 | €1,682 | -€3,822 | -69.4% |
| Other tangible fixed assets | 26 | €13,661 | €10,726 | -€2,935 | -21.5% |
| Financial fixed assets | 28 | €6,130 | €9,130 | +€3,000 | +48.9% |
| Current assets | 29/58 | €259,889 | €221,918 | -€37,971 | -14.6% |
| Stocks and contracts in progress | 3 | €105,345 | €93,258 | -€12,087 | -11.5% |
| Stocks | 30/36 | €105,345 | €93,258 | -€12,087 | -11.5% |
| Amounts receivable within one year | 40/41 | €92,283 | €91,917 | -€366 | -0.4% |
| Trade receivables | 40 | €70,254 | €69,678 | -€577 | -0.8% |
| Other amounts receivable | 41 | €22,028 | €22,239 | +€211 | +1.0% |
| Cash at bank and in hand | 54/58 | €59,811 | €24,200 | -€35,611 | -59.5% |
| Deferred charges and accrued income | 490/1 | €2,450 | €12,544 | +€10,093 | +412.0% |
| Total equity and liabilities | 10/49 | €285,530 | €243,456 | -€42,074 | -14.7% |
| Equity | 10/15 | -€228,432 | -€225,688 | +€2,744 | +1.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €44 | €44 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44 | €44 | = | 0.0% |
| Legal reserve | 130 | €44 | €44 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308,476 | -€305,732 | +€2,744 | +0.9% |
| Amounts payable | 17/49 | €513,962 | €469,143 | -€44,819 | -8.7% |
| Amounts payable after more than one year | 17 | €383,794 | €351,870 | -€31,924 | -8.3% |
| Financial debts | 170/4 | €153,816 | €126,892 | -€26,924 | -17.5% |
| Other amounts payable | 178/9 | €229,978 | €224,978 | -€5,000 | -2.2% |
| Amounts payable within one year | 42/48 | €129,260 | €116,660 | -€12,600 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €27,771 | €29,111 | +€1,340 | +4.8% |
| Trade debts | 44 | €55,675 | €46,514 | -€9,161 | -16.5% |
| Suppliers | 440/4 | €55,675 | €46,514 | -€9,161 | -16.5% |
| Taxes, remuneration and social security | 45 | €22,467 | €20,304 | -€2,163 | -9.6% |
| Taxes | 450/3 | €15,288 | €16,071 | +€783 | +5.1% |
| Remuneration and social security | 454/9 | €7,179 | €4,233 | -€2,946 | -41.0% |
| Other amounts payable | 47/48 | €23,347 | €20,731 | -€2,616 | -11.2% |
| Accrued charges and deferred income | 492/3 | €908 | €614 | -€294 | -32.4% |
| Remuneration, social security and pensions | 62 | €45,603 | €40,687 | -€4,916 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,445 | €8,033 | -€10,412 | -56.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €550 | €2,255 | +€1,705 | +310.1% |
| Other operating charges | 640/8 | €7,958 | €8,609 | +€651 | +8.2% |
| Gross operating margin | 9900 | €60,961 | €69,974 | +€9,013 | +14.8% |
| Operating profit (loss) | 9901 | -€11,595 | €10,390 | +€21,984 | |
| Financial income | 75/76B | €468 | €1,341 | +€873 | +186.4% |
| Recurring financial income | 75 | €468 | €1,341 | +€873 | +186.4% |
| Financial charges | 65/66B | €11,417 | €8,781 | -€2,637 | -23.1% |
| Recurring financial charges | 65 | €11,417 | €8,781 | -€2,637 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,544 | €2,950 | +€25,494 | |
| Income taxes | 67/77 | €214 | €206 | -€9 | -4.0% |
| Profit (loss) for the period | 9904 | -€22,758 | €2,744 | +€25,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,758 | €2,744 | +€25,502 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.