Ledeveld: what changed
Two fiscal 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.
Ledeveld
Largest movements
- Tangible fixed assets -€23,956
down €23,956 (-2.7%), from €891,228 to €867,272
of which Land and buildings: -€21,119
- Profit (loss) carried forward -€14,906
down €14,906 (-10.1%), from -€147,744 to -€162,650
- Revaluation surpluses -€12,821
down €12,821 (-2.2%), from €576,947 to €564,126
- Reserves +€12,821
up €12,821 (+20.0%), from €64,105 to €76,926
- Depreciation +€2,328
up €2,328 (+9.3%), from €25,153 to €27,482
- Gross operating margin -€583
down €583 (-3.5%), from €16,681 to €16,098
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.
Cash bridge derived
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 | €894,398 | €869,242 | -€25,156 | -2.8% |
| Fixed assets | 21/28 | €891,228 | €867,272 | -€23,956 | -2.7% |
| Tangible fixed assets | 22/27 | €891,228 | €867,272 | -€23,956 | -2.7% |
| Land and buildings | 22 | €871,923 | €850,804 | -€21,119 | -2.4% |
| Plant, machinery and equipment | 23 | €10,461 | €8,753 | -€1,708 | -16.3% |
| Furniture and vehicles | 24 | €8,844 | €7,716 | -€1,128 | -12.8% |
| Current assets | 29/58 | €3,171 | €1,970 | -€1,200 | -37.9% |
| Amounts receivable within one year | 40/41 | €2,640 | €227 | -€2,413 | -91.4% |
| Trade receivables | 40 | €2,640 | €227 | -€2,413 | -91.4% |
| Cash at bank and in hand | 54/58 | €97 | €1,297 | +€1,200 | +1236.2% |
| Deferred charges and accrued income | 490/1 | €434 | €446 | +€12 | +2.9% |
| Total equity and liabilities | 10/49 | €894,398 | €869,242 | -€25,156 | -2.8% |
| Equity | 10/15 | €649,309 | €634,402 | -€14,906 | -2.3% |
| Contributions | 10/11 | €156,000 | €156,000 | = | 0.0% |
| Capital | 10 | €156,000 | €156,000 | = | 0.0% |
| Issued capital | 100 | €156,000 | €156,000 | = | 0.0% |
| Revaluation surpluses | 12 | €576,947 | €564,126 | -€12,821 | -2.2% |
| Reserves | 13 | €64,105 | €76,926 | +€12,821 | +20.0% |
| Distributable reserves | 133 | €64,105 | €76,926 | +€12,821 | +20.0% |
| Profit (loss) carried forward | 14 | -€147,744 | -€162,650 | -€14,906 | -10.1% |
| Amounts payable | 17/49 | €245,090 | €234,840 | -€10,250 | -4.2% |
| Amounts payable within one year | 42/48 | €245,090 | €234,840 | -€10,250 | -4.2% |
| Advances received on contracts in progress | 46 | €23,611 | €17,284 | -€6,327 | -26.8% |
| Other amounts payable | 47/48 | €221,479 | €217,556 | -€3,923 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,153 | €27,482 | +€2,328 | +9.3% |
| Other operating charges | 640/8 | €3,569 | €3,477 | -€91 | -2.6% |
| Gross operating margin | 9900 | €16,681 | €16,098 | -€583 | -3.5% |
| Operating profit (loss) | 9901 | -€12,041 | -€14,861 | -€2,820 | -23.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €51 | €45 | -€6 | -11.9% |
| Recurring financial charges | 65 | €51 | €45 | -€6 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,092 | -€14,906 | -€2,814 | -23.3% |
| Profit (loss) for the period | 9904 | -€12,092 | -€14,906 | -€2,814 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,092 | -€14,906 | -€2,814 | -23.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.