Ledelier: 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.
Ledelier
Largest movements
- Cash +€16,879
up €16,879 (+49.3%), from €34,227 to €51,106
mainly Net result for the year (+€19,308) and Other debts (+€11,565)
- Receivables within one year -€2,369
down €2,369 (-9.2%), from €25,724 to €23,355
of which Other amounts receivable: -€5,470
- Tangible fixed assets -€1,135
down €1,135 (-28.4%), from €4,001 to €2,866
- Other debts +€11,565
up €11,565 (+227%), from €5,091 to €16,656
- Tax, wage and social debts +€3,950
up €3,950 (+28.4%), from €13,897 to €17,847
of which Taxes: +€3,950
- Trade debts -€1,674
down €1,674 (-24.6%), from €6,814 to €5,139
- Gross operating margin +€16,333
up €16,333 (+155%), from €10,521 to €26,854
- Taxes +€3,626
up €3,626 (+178%), from €2,032 to €5,658
- Other operating charges -€611
down €611 (-48.0%), from €1,272 to €661
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 | €63,952 | €77,327 | +€13,375 | +20.9% |
| Fixed assets | 21/28 | €4,001 | €2,866 | -€1,135 | -28.4% |
| Tangible fixed assets | 22/27 | €4,001 | €2,866 | -€1,135 | -28.4% |
| Furniture and vehicles | 24 | €4,001 | €2,866 | -€1,135 | -28.4% |
| Current assets | 29/58 | €59,951 | €74,461 | +€14,510 | +24.2% |
| Amounts receivable within one year | 40/41 | €25,724 | €23,355 | -€2,369 | -9.2% |
| Trade receivables | 40 | €13,744 | €16,845 | +€3,101 | +22.6% |
| Other amounts receivable | 41 | €11,980 | €6,510 | -€5,470 | -45.7% |
| Cash at bank and in hand | 54/58 | €34,227 | €51,106 | +€16,879 | +49.3% |
| Total equity and liabilities | 10/49 | €63,952 | €77,327 | +€13,375 | +20.9% |
| Equity | 10/15 | €37,685 | €37,685 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,685 | €32,685 | = | 0.0% |
| Distributable reserves | 133 | €32,685 | €32,685 | = | 0.0% |
| Amounts payable | 17/49 | €26,267 | €39,642 | +€13,375 | +50.9% |
| Amounts payable within one year | 42/48 | €25,802 | €39,642 | +€13,841 | +53.6% |
| Trade debts | 44 | €6,814 | €5,139 | -€1,674 | -24.6% |
| Suppliers | 440/4 | €6,814 | €5,139 | -€1,674 | -24.6% |
| Taxes, remuneration and social security | 45 | €13,897 | €17,847 | +€3,950 | +28.4% |
| Taxes | 450/3 | €10,456 | €14,406 | +€3,950 | +37.8% |
| Remuneration and social security | 454/9 | €3,442 | €3,442 | = | 0.0% |
| Other amounts payable | 47/48 | €5,091 | €16,656 | +€11,565 | +227% |
| Accrued charges and deferred income | 492/3 | €466 | - | -€466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,135 | €1,135 | = | 0.0% |
| Other operating charges | 640/8 | €1,272 | €661 | -€611 | -48.0% |
| Gross operating margin | 9900 | €10,521 | €26,854 | +€16,333 | +155% |
| Operating profit (loss) | 9901 | €8,114 | €25,059 | +€16,944 | +209% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €96 | €92 | -€4 | -4.3% |
| Recurring financial charges | 65 | €96 | €92 | -€4 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €8,021 | €24,966 | +€16,945 | +211% |
| Income taxes | 67/77 | €2,032 | €5,658 | +€3,626 | +178% |
| Profit (loss) for the period | 9904 | €5,989 | €19,308 | +€13,319 | +222% |
| Profit (loss) for the period to be appropriated | 9905 | €5,989 | €19,308 | +€13,319 | +222% |
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.