LEDEUX: 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.
LEDEUX
Largest movements
- Receivables within one year +€15,572
up €15,572 (+2.9%), from €539,404 to €554,977
of which Other amounts receivable: +€15,572
- Tangible fixed assets -€13,819
down €13,819 (-5.0%), from €276,379 to €262,560
- Other debts +€13,757
up €13,757 (+1.3%), from €1.1m to €1.1m
- Profit (loss) carried forward -€12,343
down €12,343 (-5.1%), from -€242,682 to -€255,026
- Gross operating margin +€1,703
up €1,703, from -€1,254 to €449
- Financial income +€666
up €666 (+5.9%), from €11,206 to €11,872
- Financial charges +€130
up €130 (+1.2%), from €10,596 to €10,726
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 | €816,247 | €817,542 | +€1,295 | +0.2% |
| Fixed assets | 21/28 | €276,379 | €262,560 | -€13,819 | -5.0% |
| Tangible fixed assets | 22/27 | €276,379 | €262,560 | -€13,819 | -5.0% |
| Other tangible fixed assets | 26 | €276,379 | €262,560 | -€13,819 | -5.0% |
| Current assets | 29/58 | €539,867 | €554,982 | +€15,114 | +2.8% |
| Amounts receivable within one year | 40/41 | €539,404 | €554,977 | +€15,572 | +2.9% |
| Trade receivables | 40 | €16,816 | €16,816 | = | 0.0% |
| Other amounts receivable | 41 | €522,589 | €538,161 | +€15,572 | +3.0% |
| Cash at bank and in hand | 54/58 | €463 | €5 | -€458 | -98.9% |
| Total equity and liabilities | 10/49 | €816,247 | €817,542 | +€1,295 | +0.2% |
| Equity | 10/15 | -€236,482 | -€248,826 | -€12,343 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,682 | -€255,026 | -€12,343 | -5.1% |
| Amounts payable | 17/49 | €1,052,729 | €1,066,368 | +€13,639 | +1.3% |
| Amounts payable within one year | 42/48 | €1,052,729 | €1,066,368 | +€13,639 | +1.3% |
| Trade debts | 44 | €118 | €0 | -€118 | -100% |
| Suppliers | 440/4 | €118 | €0 | -€118 | -100% |
| Other amounts payable | 47/48 | €1,052,611 | €1,066,368 | +€13,757 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,819 | €13,819 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€1,254 | €449 | +€1,703 | |
| Operating profit (loss) | 9901 | -€15,191 | -€13,490 | +€1,701 | +11.2% |
| Financial income | 75/76B | €11,206 | €11,872 | +€666 | +5.9% |
| Recurring financial income | 75 | €11,206 | €11,872 | +€666 | +5.9% |
| Financial charges | 65/66B | €10,596 | €10,726 | +€130 | +1.2% |
| Recurring financial charges | 65 | €10,596 | €10,726 | +€130 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,581 | -€12,343 | +€2,237 | +15.3% |
| Profit (loss) for the period | 9904 | -€14,581 | -€12,343 | +€2,237 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,581 | -€12,343 | +€2,237 | +15.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.