LEDES: 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.
LEDES
Largest movements
- Tangible fixed assets -€22,601
down €22,601 (-3.6%), from €626,648 to €604,047
of which Land and buildings: -€22,191
- Receivables within one year -€10,810
no longer reported in 2024 (was €10,810)
- Other debts -€19,059
down €19,059 (-4.5%), from €424,002 to €404,943
- Profit (loss) carried forward -€10,506
down €10,506 (-19.0%), from €55,404 to €44,898
- Gross operating margin -€4,968
down €4,968 (-23.5%), from €21,171 to €16,203
- Financial charges +€747
up €747 (+623%), from €120 to €867
- Other operating charges +€440
up €440 (+13.4%), from €3,283 to €3,723
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,247 | €639,264 | -€28,983 | -4.3% |
| Fixed assets | 21/28 | €626,648 | €604,047 | -€22,601 | -3.6% |
| Tangible fixed assets | 22/27 | €626,648 | €604,047 | -€22,601 | -3.6% |
| Land and buildings | 22 | €626,238 | €604,047 | -€22,191 | -3.5% |
| Furniture and vehicles | 24 | €410 | - | -€410 | |
| Current assets | 29/58 | €41,599 | €35,217 | -€6,382 | -15.3% |
| Amounts receivable within one year | 40/41 | €10,810 | - | -€10,810 | |
| Trade receivables | 40 | €10,810 | - | -€10,810 | |
| Cash at bank and in hand | 54/58 | €30,789 | €35,217 | +€4,428 | +14.4% |
| Total equity and liabilities | 10/49 | €668,247 | €639,264 | -€28,983 | -4.3% |
| Equity | 10/15 | €244,245 | €233,739 | -€10,506 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,241 | €170,241 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €364 | €364 | = | 0.0% |
| Distributable reserves | 133 | €168,017 | €168,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,404 | €44,898 | -€10,506 | -19.0% |
| Amounts payable | 17/49 | €424,002 | €405,525 | -€18,477 | -4.4% |
| Amounts payable within one year | 42/48 | €424,002 | €405,525 | -€18,477 | -4.4% |
| Trade debts | 44 | - | €582 | +€582 | |
| Suppliers | 440/4 | - | €582 | +€582 | |
| Other amounts payable | 47/48 | €424,002 | €404,943 | -€19,059 | -4.5% |
| Non-recurring operating income | 76A | - | €56 | +€56 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,310 | €22,119 | -€191 | -0.9% |
| Other operating charges | 640/8 | €3,283 | €3,723 | +€440 | +13.4% |
| Gross operating margin | 9900 | €21,171 | €16,203 | -€4,968 | -23.5% |
| Operating profit (loss) | 9901 | -€4,422 | -€9,639 | -€5,217 | -118% |
| Financial charges | 65/66B | €120 | €867 | +€747 | +623% |
| Recurring financial charges | 65 | €120 | €867 | +€747 | +623% |
| Profit (loss) for the period before taxes | 9903 | -€4,542 | -€10,506 | -€5,964 | -131% |
| Profit (loss) for the period | 9904 | -€4,542 | -€10,506 | -€5,964 | -131% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,542 | -€10,506 | -€5,964 | -131% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.