LEDICIA: 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.
LEDICIA
Largest movements
- Cash +€54,489
up €54,489 (+83.8%), from €64,995 to €119,485
mainly Net result for the year (+€49,727) and Tax, wage and social debts (+€4,401)
- Reserves +€48,868
up €48,868 (+84.3%), from €57,945 to €106,813
- Tax, wage and social debts +€4,401
up €4,401 (+44.1%), from €9,970 to €14,371
- Other debts +€3,827
up €3,827 (+160.7%), from €2,382 to €6,209
- Trade debts -€2,641
down €2,641 (-94.3%), from €2,801 to €160
- Gross operating margin -€13,474
down €13,474 (-17.3%), from €77,948 to €64,474
- Taxes -€2,908
down €2,908 (-19.0%), from €15,343 to €12,436
- Depreciation -€2,807
down €2,807 (-75.8%), from €3,703 to €895
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 | €78,098 | €132,553 | +€54,454 | +69.7% |
| Formation expenses | 20 | €199 | €0 | -€199 | -100.0% |
| Fixed assets | 21/28 | €2,397 | €1,754 | -€643 | -26.8% |
| Tangible fixed assets | 22/27 | €2,397 | €1,754 | -€643 | -26.8% |
| Furniture and vehicles | 24 | €2,397 | €1,754 | -€643 | -26.8% |
| Current assets | 29/58 | €75,503 | €130,798 | +€55,296 | +73.2% |
| Amounts receivable within one year | 40/41 | €10,507 | €11,314 | +€806 | +7.7% |
| Trade receivables | 40 | €10,486 | €11,314 | +€827 | +7.9% |
| Other amounts receivable | 41 | €21 | €0 | -€21 | -100.0% |
| Cash at bank and in hand | 54/58 | €64,995 | €119,485 | +€54,489 | +83.8% |
| Total equity and liabilities | 10/49 | €78,098 | €132,553 | +€54,454 | +69.7% |
| Equity | 10/15 | €62,945 | €111,813 | +€48,868 | +77.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,945 | €106,813 | +€48,868 | +84.3% |
| Distributable reserves | 133 | €57,945 | €106,813 | +€48,868 | +84.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,153 | €20,739 | +€5,586 | +36.9% |
| Amounts payable within one year | 42/48 | €15,153 | €20,739 | +€5,586 | +36.9% |
| Trade debts | 44 | €2,801 | €160 | -€2,641 | -94.3% |
| Suppliers | 440/4 | €2,801 | €160 | -€2,641 | -94.3% |
| Taxes, remuneration and social security | 45 | €9,970 | €14,371 | +€4,401 | +44.1% |
| Taxes | 450/3 | €9,970 | €14,371 | +€4,401 | +44.1% |
| Other amounts payable | 47/48 | €2,382 | €6,209 | +€3,827 | +160.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,703 | €895 | -€2,807 | -75.8% |
| Non-recurring operating charges | 66A | - | €1,118 | +€1,118 | |
| Gross operating margin | 9900 | €77,948 | €64,474 | -€13,474 | -17.3% |
| Operating profit (loss) | 9901 | €74,246 | €62,461 | -€11,785 | -15.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €124 | €301 | +€177 | +143.4% |
| Recurring financial charges | 65 | €124 | €301 | +€177 | +143.4% |
| Profit (loss) for the period before taxes | 9903 | €74,122 | €62,162 | -€11,959 | -16.1% |
| Income taxes | 67/77 | €15,343 | €12,436 | -€2,908 | -19.0% |
| Profit (loss) for the period | 9904 | €58,778 | €49,727 | -€9,051 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,778 | €49,727 | -€9,051 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.