LEDOUX Joaillier: 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.
LEDOUX Joaillier
Largest movements
- Cash +€39,184
up €39,184 (+46.9%), from €83,621 to €122,805
mainly Other debts (+€148,231) and Net result for the year (+€71,741)
- Deferred charges and accrued income -€13,770
down €13,770 (-99.0%), from €13,915 to €145
- Receivables within one year +€12,505
up €12,505 (+117%), from €10,674 to €23,179
of which Trade receivables: +€7,245
- Other debts +€148,231
up €148,231 (+70.2%), from €211,053 to €359,284
- Reserves -€69,390
down €69,390 (-20.1%), from €345,590 to €276,200
of which Distributable reserves: -€69,390
- Tax, wage and social debts -€11,364
down €11,364 (-13.1%), from €86,469 to €75,105
of which Remuneration and social security: -€8,656
- Trade debts -€11,094
down €11,094 (-29.7%), from €37,383 to €26,289
- Staff costs -€20,550
down €20,550 (-10.4%), from €196,849 to €176,299
- Gross operating margin -€6,640
down €6,640 (-2.0%), from €334,761 to €328,121
- Taxes -€4,845
down €4,845 (-8.9%), from €54,354 to €49,510
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 | €938,383 | €986,507 | +€48,125 | +5.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €57,004 | €64,765 | +€7,761 | +13.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €55,826 | €63,587 | +€7,761 | +13.9% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €9,508 | €6,929 | -€2,579 | -27.1% |
| Other tangible fixed assets | 26 | €46,318 | €56,658 | +€10,340 | +22.3% |
| Financial fixed assets | 28 | €1,178 | €1,178 | = | 0.0% |
| Current assets | 29/58 | €881,378 | €921,743 | +€40,364 | +4.6% |
| Stocks and contracts in progress | 3 | €773,168 | €775,612 | +€2,444 | +0.3% |
| Stocks | 30/36 | €773,168 | €775,612 | +€2,444 | +0.3% |
| Amounts receivable within one year | 40/41 | €10,674 | €23,179 | +€12,505 | +117% |
| Trade receivables | 40 | €10,674 | €17,919 | +€7,245 | +67.9% |
| Other amounts receivable | 41 | - | €5,260 | +€5,260 | |
| Cash at bank and in hand | 54/58 | €83,621 | €122,805 | +€39,184 | +46.9% |
| Deferred charges and accrued income | 490/1 | €13,915 | €145 | -€13,770 | -99.0% |
| Total equity and liabilities | 10/49 | €938,383 | €986,507 | +€48,125 | +5.1% |
| Equity | 10/15 | €603,477 | €525,829 | -€77,649 | -12.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €345,590 | €276,200 | -€69,390 | -20.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €339,390 | €270,000 | -€69,390 | -20.4% |
| Profit (loss) carried forward | 14 | €195,887 | €187,629 | -€8,259 | -4.2% |
| Amounts payable | 17/49 | €334,905 | €460,678 | +€125,773 | +37.6% |
| Amounts payable within one year | 42/48 | €334,905 | €460,678 | +€125,773 | +37.6% |
| Trade debts | 44 | €37,383 | €26,289 | -€11,094 | -29.7% |
| Suppliers | 440/4 | €37,383 | €26,289 | -€11,094 | -29.7% |
| Taxes, remuneration and social security | 45 | €86,469 | €75,105 | -€11,364 | -13.1% |
| Taxes | 450/3 | €50,362 | €47,654 | -€2,708 | -5.4% |
| Remuneration and social security | 454/9 | €36,108 | €27,451 | -€8,656 | -24.0% |
| Other amounts payable | 47/48 | €211,053 | €359,284 | +€148,231 | +70.2% |
| Remuneration, social security and pensions | 62 | €196,849 | €176,299 | -€20,550 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,678 | €8,798 | +€120 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,022 | €1,786 | -€236 | -11.7% |
| Other operating charges | 640/8 | €5,656 | €7,089 | +€1,433 | +25.3% |
| Gross operating margin | 9900 | €334,761 | €328,121 | -€6,640 | -2.0% |
| Operating profit (loss) | 9901 | €121,555 | €134,149 | +€12,594 | +10.4% |
| Financial income | 75/76B | €3,807 | €1,278 | -€2,528 | -66.4% |
| Recurring financial income | 75 | €3,807 | €1,278 | -€2,528 | -66.4% |
| Financial charges | 65/66B | €15,570 | €14,177 | -€1,393 | -8.9% |
| Recurring financial charges | 65 | €15,570 | €14,177 | -€1,393 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €109,792 | €121,251 | +€11,459 | +10.4% |
| Income taxes | 67/77 | €54,354 | €49,510 | -€4,845 | -8.9% |
| Profit (loss) for the period | 9904 | €55,438 | €71,741 | +€16,303 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,438 | €71,741 | +€16,303 | +29.4% |
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 17 October 2026 via checked.be.