LEDERMO: 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.
LEDERMO
Largest movements
- Cash -€34,793
down €34,793 (-85.9%), from €40,524 to €5,731
mainly Other debts (-€50,600) and Deferred charges and accrued income (-€0)
- Tangible fixed assets -€12,100
down €12,100 (-17.6%), from €68,768 to €56,668
- Other debts -€50,600
down €50,600 (-33.7%), from €150,133 to €99,533
- Profit (loss) carried forward +€3,708
up €3,708 (+1.6%), from -€228,767 to -€225,059
- Gross operating margin +€2,164
up €2,164 (+14.1%), from €15,325 to €17,488
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 | €109,320 | €62,428 | -€46,893 | -42.9% |
| Fixed assets | 21/28 | €68,768 | €56,668 | -€12,100 | -17.6% |
| Tangible fixed assets | 22/27 | €68,768 | €56,668 | -€12,100 | -17.6% |
| Land and buildings | 22 | €68,768 | €56,668 | -€12,100 | -17.6% |
| Current assets | 29/58 | €40,552 | €5,759 | -€34,793 | -85.8% |
| Cash at bank and in hand | 54/58 | €40,524 | €5,731 | -€34,793 | -85.9% |
| Deferred charges and accrued income | 490/1 | €28 | €28 | +€0 | +0.5% |
| Total equity and liabilities | 10/49 | €109,320 | €62,428 | -€46,893 | -42.9% |
| Equity | 10/15 | -€40,813 | -€37,105 | +€3,708 | +9.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €87,954 | €87,954 | = | 0.0% |
| Distributable reserves | 133 | €87,954 | €87,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,767 | -€225,059 | +€3,708 | +1.6% |
| Amounts payable | 17/49 | €150,133 | €99,533 | -€50,600 | -33.7% |
| Amounts payable within one year | 42/48 | €150,133 | €99,533 | -€50,600 | -33.7% |
| Other amounts payable | 47/48 | €150,133 | €99,533 | -€50,600 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,100 | €12,100 | = | 0.0% |
| Other operating charges | 640/8 | €1,564 | €1,609 | +€45 | +2.9% |
| Gross operating margin | 9900 | €15,325 | €17,488 | +€2,164 | +14.1% |
| Operating profit (loss) | 9901 | €1,661 | €3,780 | +€2,119 | +128% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €1,594 | €3,708 | +€2,114 | +133% |
| Profit (loss) for the period | 9904 | €1,594 | €3,708 | +€2,114 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €1,594 | €3,708 | +€2,114 | +133% |
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 18 October 2026 via checked.be.