LEDEJE: what changed
What changed
LEDEJE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€281,023
2024 · €392,961-€111,939
Equity
€1.3m
2024 · €1.1m+€281,023
Cash
€560,114
2024 · €2,996+€557,118
Balance sheet total
€2.2m
2024 · €2.0m+€225,486
Largest movements
Assets
- Cash +€557,118
up €557,118 (+18,595%), from €2,996 to €560,114
mainly Net result for the year (+€281,023) and Depreciation (+€233,145)
- Tangible fixed assets -€222,258
down €222,258 (-13.9%), from €1.6m to €1.4m
- Receivables within one year -€119,640
down €119,640 (-32.3%), from €370,768 to €251,128
of which Trade receivables: -€111,703
Equity and liabilities
- Profit (loss) carried forward +€375,723
up €375,723 (+139%), from €269,770 to €645,493
- Reserves -€94,700
down €94,700 (-13.7%), from €690,186 to €595,486
of which Tax-exempt reserves: -€94,700
- Accrued charges and deferred income -€86,761
no longer reported in 2025 (was €86,761)
- Tax, wage and social debts +€57,172
new in 2025: €57,172
- Debts after one year -€52,298
down €52,298 (-18.1%), from €289,101 to €236,803
Income statement
- Other operating charges +€158,930
up €158,930 (+463%), from €34,295 to €193,225
- Taxes +€55,185
new in 2025: €55,185
- Gross operating margin -€53,729
down €53,729 (-6.7%), from €803,920 to €750,191
- Financial charges -€28,064
down €28,064 (-63.9%), from €43,942 to €15,878
- Depreciation +€20,363
up €20,363 (+9.6%), from €212,782 to €233,145
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€392,961
Gross operating margin
-€53,729
Depreciation
-€20,363
Other operating charges
-€158,930
Other operating items
-€7,015
Financial income
+€2,356
Financial charges
+€28,064
Taxes
-€55,185
Deferred taxes and other
+€152,863
Result 2025
€281,023
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€611,228
Investment
-€10,887
Financing
-€43,223
Cash 2024
€2,996
From operations (derived)
+€611,228
Net result for the year
+€281,023
Depreciation
+€233,145
Receivables within one year
+€119,640
Deferred charges and accrued income
-€10,266
Provisions
-€33,069
Trade debts
+€24,761
Tax, wage and social debts
+€57,172
Other debts
+€25,583
Accrued charges and deferred income
-€86,761
Investment (derived)
-€10,887
Investment in fixed assets (net)
-€10,887
Financing
-€43,223
Debts after one year
-€52,298
Current portion of long-term debt
+€9,076
Contributions, distributions and other
-€0
Cash 2025
€560,114
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,000,964 | €2,226,450 | +€225,486 | +11.3% |
| Fixed assets | 21/28 | €1,602,809 | €1,380,551 | -€222,258 | -13.9% |
| Tangible fixed assets | 22/27 | €1,602,809 | €1,380,551 | -€222,258 | -13.9% |
| Land and buildings | 22 | €1,602,809 | €1,380,551 | -€222,258 | -13.9% |
| Current assets | 29/58 | €398,155 | €845,899 | +€447,744 | +112% |
| Amounts receivable within one year | 40/41 | €370,768 | €251,128 | -€119,640 | -32.3% |
| Trade receivables | 40 | €146,657 | €34,954 | -€111,703 | -76.2% |
| Other amounts receivable | 41 | €224,112 | €216,174 | -€7,938 | -3.5% |
| Cash at bank and in hand | 54/58 | €2,996 | €560,114 | +€557,118 | +18,595% |
| Deferred charges and accrued income | 490/1 | €24,390 | €34,657 | +€10,266 | +42.1% |
| Total equity and liabilities | 10/49 | €2,000,964 | €2,226,450 | +€225,486 | +11.3% |
| Equity | 10/15 | €1,067,004 | €1,348,027 | +€281,023 | +26.3% |
| Contributions | 10/11 | €107,047 | €107,047 | = | 0.0% |
| Capital | 10 | €107,047 | €107,047 | = | 0.0% |
| Issued capital | 100 | €107,047 | €107,047 | = | 0.0% |
| Reserves | 13 | €690,186 | €595,486 | -€94,700 | -13.7% |
| Non-distributable reserves | 130/1 | €10,705 | €10,705 | = | 0.0% |
| Legal reserve | 130 | €10,705 | €10,705 | = | 0.0% |
| Tax-exempt reserves | 132 | €465,914 | €371,214 | -€94,700 | -20.3% |
| Distributable reserves | 133 | €213,568 | €213,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,770 | €645,493 | +€375,723 | +139% |
| Provisions and deferred taxes | 16 | €172,329 | €139,260 | -€33,069 | -19.2% |
| Deferred taxes | 168 | €172,329 | €139,260 | -€33,069 | -19.2% |
| Amounts payable | 17/49 | €761,631 | €739,163 | -€22,467 | -2.9% |
| Amounts payable after more than one year | 17 | €289,101 | €236,803 | -€52,298 | -18.1% |
| Financial debts | 170/4 | €289,101 | €236,803 | -€52,298 | -18.1% |
| Amounts payable within one year | 42/48 | €385,769 | €502,361 | +€116,592 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €109,498 | €118,574 | +€9,076 | +8.3% |
| Trade debts | 44 | €49,816 | €74,577 | +€24,761 | +49.7% |
| Suppliers | 440/4 | €49,816 | €74,577 | +€24,761 | +49.7% |
| Taxes, remuneration and social security | 45 | - | €57,172 | +€57,172 | |
| Taxes | 450/3 | - | €57,172 | +€57,172 | |
| Other amounts payable | 47/48 | €226,455 | €252,038 | +€25,583 | +11.3% |
| Accrued charges and deferred income | 492/3 | €86,761 | - | -€86,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,782 | €233,145 | +€20,363 | +9.6% |
| Other operating charges | 640/8 | €34,295 | €193,225 | +€158,930 | +463% |
| Non-recurring operating charges | 66A | €156 | €7,171 | +€7,015 | +4,501% |
| Gross operating margin | 9900 | €803,920 | €750,191 | -€53,729 | -6.7% |
| Operating profit (loss) | 9901 | €556,687 | €316,650 | -€240,036 | -43.1% |
| Financial income | 75/76B | €10 | €2,366 | +€2,356 | +23,557% |
| Recurring financial income | 75 | €10 | €2,366 | +€2,356 | +23,557% |
| Financial charges | 65/66B | €43,942 | €15,878 | -€28,064 | -63.9% |
| Recurring financial charges | 65 | €43,942 | €15,878 | -€28,064 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | €512,755 | €303,138 | -€209,617 | -40.9% |
| Transfer from deferred taxes | 780 | €20,296 | €33,069 | +€12,772 | +62.9% |
| Transfer to deferred taxes | 680 | €140,090 | - | -€140,090 | |
| Income taxes | 67/77 | - | €55,185 | +€55,185 | |
| Profit (loss) for the period | 9904 | €392,961 | €281,023 | -€111,939 | -28.5% |
| Transfer from tax-exempt reserves | 789 | €56,383 | €94,700 | +€38,317 | +68.0% |
| Transfer to tax-exempt reserves | 689 | €420,270 | - | -€420,270 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,074 | €375,723 | +€346,649 | +1,192% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.