LEDEGANCK - RIQUET: 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.
LEDEGANCK - RIQUET
Largest movements
- Cash +€6,658
up €6,658 (+35.1%), from €18,991 to €25,649
mainly Net result for the year (+€11,468) and Depreciation (+€4,827)
- Tangible fixed assets +€4,951
up €4,951 (+12.3%), from €40,113 to €45,065
of which Assets under construction and advance payments: +€7,038
- Receivables within one year -€2,353
down €2,353 (-29.0%), from €8,126 to €5,773
of which Trade receivables: -€2,997
- Profit (loss) carried forward +€11,468
up €11,468 (+15.4%), from -€74,301 to -€62,833
- Trade debts -€3,093
down €3,093 (-68.7%), from €4,504 to €1,411
- Debts after one year +€2,717
up €2,717 (+2.8%), from €96,718 to €99,435
of which Financial debts: +€2,717
- Other debts -€1,472
down €1,472 (-7.5%), from €19,678 to €18,206
- Gross operating margin -€2,654
down €2,654 (-10.0%), from €26,458 to €23,803
- Other operating charges +€1,429
up €1,429 (+27.7%), from €5,149 to €6,578
- Depreciation -€885
down €885 (-15.5%), from €5,712 to €4,827
- Financial charges -€570
down €570 (-34.0%), from €1,676 to €1,105
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 | €72,405 | €81,719 | +€9,315 | +12.9% |
| Fixed assets | 21/28 | €40,113 | €45,065 | +€4,951 | +12.3% |
| Tangible fixed assets | 22/27 | €40,113 | €45,065 | +€4,951 | +12.3% |
| Land and buildings | 22 | €16,102 | €13,176 | -€2,926 | -18.2% |
| Plant, machinery and equipment | 23 | €14,936 | €15,775 | +€839 | +5.6% |
| Assets under construction and advance payments | 27 | €9,075 | €16,113 | +€7,038 | +77.6% |
| Current assets | 29/58 | €32,291 | €36,655 | +€4,363 | +13.5% |
| Stocks and contracts in progress | 3 | €4,083 | €4,140 | +€57 | +1.4% |
| Stocks | 30/36 | €4,083 | €4,140 | +€57 | +1.4% |
| Amounts receivable within one year | 40/41 | €8,126 | €5,773 | -€2,353 | -29.0% |
| Trade receivables | 40 | €8,126 | €5,129 | -€2,997 | -36.9% |
| Other amounts receivable | 41 | - | €644 | +€644 | |
| Cash at bank and in hand | 54/58 | €18,991 | €25,649 | +€6,658 | +35.1% |
| Deferred charges and accrued income | 490/1 | €1,092 | €1,093 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €72,405 | €81,719 | +€9,315 | +12.9% |
| Equity | 10/15 | -€53,850 | -€42,382 | +€11,468 | +21.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,301 | -€62,833 | +€11,468 | +15.4% |
| Amounts payable | 17/49 | €126,254 | €124,101 | -€2,154 | -1.7% |
| Amounts payable after more than one year | 17 | €96,718 | €99,435 | +€2,717 | +2.8% |
| Financial debts | 170/4 | €6,718 | €9,435 | +€2,717 | +40.4% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,536 | €24,665 | -€4,871 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €4,813 | €5,049 | +€235 | +4.9% |
| Trade debts | 44 | €4,504 | €1,411 | -€3,093 | -68.7% |
| Suppliers | 440/4 | €4,504 | €1,411 | -€3,093 | -68.7% |
| Taxes, remuneration and social security | 45 | €541 | - | -€541 | |
| Taxes | 450/3 | €541 | - | -€541 | |
| Other amounts payable | 47/48 | €19,678 | €18,206 | -€1,472 | -7.5% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,712 | €4,827 | -€885 | -15.5% |
| Other operating charges | 640/8 | €5,149 | €6,578 | +€1,429 | +27.7% |
| Gross operating margin | 9900 | €26,458 | €23,803 | -€2,654 | -10.0% |
| Operating profit (loss) | 9901 | €15,596 | €12,398 | -€3,198 | -20.5% |
| Financial income | 75/76B | €140 | €175 | +€35 | +25.3% |
| Recurring financial income | 75 | €140 | €175 | +€35 | +25.3% |
| Financial charges | 65/66B | €1,676 | €1,105 | -€570 | -34.0% |
| Recurring financial charges | 65 | €1,676 | €1,105 | -€570 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €14,060 | €11,468 | -€2,592 | -18.4% |
| Profit (loss) for the period | 9904 | €14,060 | €11,468 | -€2,592 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,060 | €11,468 | -€2,592 | -18.4% |
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 29 October 2026 via checked.be.