LEDERWAREN SAHAN: 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.
LEDERWAREN SAHAN
Largest movements
- Receivables within one year +€25,568
up €25,568 (+1,066%), from €2,398 to €27,966
of which Other amounts receivable: +€27,966
- Stocks and contracts -€20,054
down €20,054 (-28.8%), from €69,547 to €49,493
- Tangible fixed assets -€10,431
down €10,431 (-9.7%), from €108,039 to €97,608
of which Furniture and vehicles: -€10,431
- Current investments -€4,680
down €4,680 (-100%), from €4,680 to €0
- Cash +€4,531
up €4,531 (+14.7%), from €30,748 to €35,279
mainly Stocks and contracts (+€20,054) and Net result for the year (+€11,108)
- Reserves +€11,108
up €11,108 (+7.2%), from €154,996 to €166,104
of which Distributable reserves: +€46,295
- Current portion of long-term debt -€8,177
down €8,177 (-100%), from €8,177 to €0
- Other debts -€4,302
down €4,302 (-100%), from €4,302 to €0
- Tax, wage and social debts -€3,852
down €3,852 (-15.7%), from €24,475 to €20,623
of which Taxes: -€8,352
- Gross operating margin -€25,434
down €25,434 (-60.2%), from €42,283 to €16,849
- Depreciation -€5,327
down €5,327 (-100%), from €5,327 to €0
- Financial charges +€3,830
new in 2025: €3,830
- Financial income +€2,732
new in 2025: €2,732
- Other operating charges +€2,502
new in 2025: €2,502
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 | €215,412 | €210,347 | -€5,065 | -2.4% |
| Fixed assets | 21/28 | €108,039 | €97,608 | -€10,431 | -9.7% |
| Tangible fixed assets | 22/27 | €108,039 | €97,608 | -€10,431 | -9.7% |
| Land and buildings | 22 | €97,608 | €97,608 | +€0 | 0.0% |
| Furniture and vehicles | 24 | €10,431 | €0 | -€10,431 | -100% |
| Current assets | 29/58 | €107,373 | €112,739 | +€5,366 | +5.0% |
| Stocks and contracts in progress | 3 | €69,547 | €49,493 | -€20,054 | -28.8% |
| Stocks | 30/36 | €69,547 | €49,493 | -€20,054 | -28.8% |
| Amounts receivable within one year | 40/41 | €2,398 | €27,966 | +€25,568 | +1,066% |
| Trade receivables | 40 | €2,398 | €0 | -€2,398 | -100% |
| Other amounts receivable | 41 | - | €27,966 | +€27,966 | |
| Current investments | 50/53 | €4,680 | €0 | -€4,680 | -100% |
| Cash at bank and in hand | 54/58 | €30,748 | €35,279 | +€4,531 | +14.7% |
| Total equity and liabilities | 10/49 | €215,412 | €210,347 | -€5,065 | -2.4% |
| Equity | 10/15 | €173,596 | €184,704 | +€11,108 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,996 | €166,104 | +€11,108 | +7.2% |
| Non-distributable reserves | 130/1 | €37,047 | €1,860 | -€35,187 | -95.0% |
| Reserves not available under the articles | 1311 | €37,047 | €1,860 | -€35,187 | -95.0% |
| Tax-exempt reserves | 132 | €12,140 | €12,140 | = | 0.0% |
| Distributable reserves | 133 | €105,809 | €152,104 | +€46,295 | +43.8% |
| Amounts payable | 17/49 | €41,816 | €25,643 | -€16,173 | -38.7% |
| Amounts payable within one year | 42/48 | €41,816 | €25,643 | -€16,173 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €8,177 | €0 | -€8,177 | -100% |
| Financial debts | 43 | €37 | - | -€37 | |
| Credit institutions | 430/8 | €37 | - | -€37 | |
| Trade debts | 44 | €4,825 | €5,020 | +€195 | +4.0% |
| Suppliers | 440/4 | €4,825 | €5,020 | +€195 | +4.0% |
| Taxes, remuneration and social security | 45 | €24,475 | €20,623 | -€3,852 | -15.7% |
| Taxes | 450/3 | €24,475 | €16,123 | -€8,352 | -34.1% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €4,302 | €0 | -€4,302 | -100% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,327 | €0 | -€5,327 | -100% |
| Other operating charges | 640/8 | - | €2,502 | +€2,502 | |
| Non-recurring operating charges | 66A | - | €1,831 | +€1,831 | |
| Gross operating margin | 9900 | €42,283 | €16,849 | -€25,434 | -60.2% |
| Operating profit (loss) | 9901 | €36,956 | €12,516 | -€24,440 | -66.1% |
| Financial income | 75/76B | - | €2,732 | +€2,732 | |
| Recurring financial income | 75 | - | €2,732 | +€2,732 | |
| Financial charges | 65/66B | - | €3,830 | +€3,830 | |
| Recurring financial charges | 65 | - | €3,830 | +€3,830 | |
| Profit (loss) for the period before taxes | 9903 | €36,956 | €11,418 | -€25,538 | -69.1% |
| Income taxes | 67/77 | - | €311 | +€311 | |
| Profit (loss) for the period | 9904 | €36,956 | €11,108 | -€25,848 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,956 | €11,108 | -€25,848 | -69.9% |
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 21 October 2026 via checked.be.