LEDENT BRAM: 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.
LEDENT BRAM
Largest movements
- Receivables within one year +€62,453
up €62,453 (+141%), from €44,267 to €106,720
of which Trade receivables: +€62,398
- Cash -€59,638
down €59,638 (-43.7%), from €136,548 to €76,910
mainly Receivables within one year (-€62,453) and Contributions, distributions and other (-€25,500)
- Tangible fixed assets -€13,155
down €13,155 (-10.5%), from €125,799 to €112,644
of which Land and buildings: -€13,726
- Other debts +€12,885
up €12,885 (+4,114%), from €313 to €13,198
- Debts after one year -€11,736
down €11,736 (-15.0%), from €78,179 to €66,444
- Trade debts -€7,543
down €7,543 (-9.6%), from €78,936 to €71,394
- Reserves +€6,200
up €6,200 (+8.1%), from €76,310 to €82,510
- Tax, wage and social debts -€4,840
down €4,840 (-10.6%), from €45,588 to €40,748
of which Remuneration and social security: -€3,972
- Staff costs -€16,074
down €16,074 (-10.2%), from €158,226 to €142,152
- Gross operating margin -€16,021
down €16,021 (-7.1%), from €226,955 to €210,933
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 | €313,608 | €304,442 | -€9,166 | -2.9% |
| Fixed assets | 21/28 | €125,909 | €112,754 | -€13,155 | -10.4% |
| Tangible fixed assets | 22/27 | €125,799 | €112,644 | -€13,155 | -10.5% |
| Land and buildings | 22 | €121,865 | €108,139 | -€13,726 | -11.3% |
| Plant, machinery and equipment | 23 | €2,895 | €3,985 | +€1,091 | +37.7% |
| Furniture and vehicles | 24 | €1,039 | €520 | -€520 | -50.0% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €187,699 | €191,688 | +€3,989 | +2.1% |
| Stocks and contracts in progress | 3 | €6,011 | €6,011 | = | 0.0% |
| Stocks | 30/36 | €6,011 | €6,011 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,267 | €106,720 | +€62,453 | +141% |
| Trade receivables | 40 | €36,981 | €99,379 | +€62,398 | +169% |
| Other amounts receivable | 41 | €7,286 | €7,341 | +€55 | +0.8% |
| Cash at bank and in hand | 54/58 | €136,548 | €76,910 | -€59,638 | -43.7% |
| Deferred charges and accrued income | 490/1 | €874 | €2,048 | +€1,174 | +134% |
| Total equity and liabilities | 10/49 | €313,608 | €304,442 | -€9,166 | -2.9% |
| Equity | 10/15 | €94,676 | €100,893 | +€6,217 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,310 | €82,510 | +€6,200 | +8.1% |
| Distributable reserves | 133 | €76,310 | €82,510 | +€6,200 | +8.1% |
| Profit (loss) carried forward | 14 | €12,166 | €12,183 | +€17 | +0.1% |
| Amounts payable | 17/49 | €218,932 | €203,549 | -€15,383 | -7.0% |
| Amounts payable after more than one year | 17 | €78,179 | €66,444 | -€11,736 | -15.0% |
| Financial debts | 170/4 | €78,179 | €66,444 | -€11,736 | -15.0% |
| Amounts payable within one year | 42/48 | €140,753 | €137,105 | -€3,648 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €15,915 | €11,765 | -€4,150 | -26.1% |
| Trade debts | 44 | €78,936 | €71,394 | -€7,543 | -9.6% |
| Suppliers | 440/4 | €78,936 | €71,394 | -€7,543 | -9.6% |
| Taxes, remuneration and social security | 45 | €45,588 | €40,748 | -€4,840 | -10.6% |
| Taxes | 450/3 | €26,844 | €25,976 | -€868 | -3.2% |
| Remuneration and social security | 454/9 | €18,744 | €14,772 | -€3,972 | -21.2% |
| Other amounts payable | 47/48 | €313 | €13,198 | +€12,885 | +4,114% |
| Remuneration, social security and pensions | 62 | €158,226 | €142,152 | -€16,074 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,607 | €15,272 | -€1,335 | -8.0% |
| Other operating charges | 640/8 | €1,709 | €3,370 | +€1,661 | +97.2% |
| Gross operating margin | 9900 | €226,955 | €210,933 | -€16,021 | -7.1% |
| Operating profit (loss) | 9901 | €50,413 | €50,139 | -€274 | -0.5% |
| Financial income | 75/76B | €0 | €43 | +€42 | +16,952% |
| Recurring financial income | 75 | €0 | €43 | +€42 | +16,952% |
| Financial charges | 65/66B | €2,001 | €2,630 | +€629 | +31.4% |
| Recurring financial charges | 65 | €2,001 | €2,630 | +€629 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €48,412 | €47,552 | -€861 | -1.8% |
| Income taxes | 67/77 | €14,673 | €15,834 | +€1,161 | +7.9% |
| Profit (loss) for the period | 9904 | €33,739 | €31,717 | -€2,022 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,739 | €31,717 | -€2,022 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.