LEDOYEN ALEXANDRE: 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.
LEDOYEN ALEXANDRE
Largest movements
- Cash +€92,737
up €92,737 (+62.4%), from €148,676 to €241,413
mainly Net result for the year (+€103,822) and Trade debts (+€21,831)
- Deferred charges and accrued income +€17,520
new in 2025: €17,520
- Receivables within one year +€9,015
up €9,015 (+2,860%), from €315 to €9,330
- Profit (loss) carried forward +€103,822
up €103,822 (+77.4%), from €134,208 to €238,030
- Trade debts +€21,831
up €21,831 (+58,954%), from €37 to €21,868
- Tax, wage and social debts -€5,100
down €5,100 (-53.1%), from €9,600 to €4,500
of which Taxes: -€9,600
- Gross operating margin -€45,063
down €45,063 (-25.4%), from €177,463 to €132,400
- Taxes -€10,201
down €10,201 (-26.7%), from €38,185 to €27,983
- Depreciation -€4,058
down €4,058 (-88.9%), from €4,567 to €509
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 | €148,991 | €269,398 | +€120,407 | +80.8% |
| Fixed assets | 21/28 | - | €1,135 | +€1,135 | |
| Tangible fixed assets | 22/27 | - | €1,135 | +€1,135 | |
| Furniture and vehicles | 24 | - | €1,135 | +€1,135 | |
| Current assets | 29/58 | €148,991 | €268,263 | +€119,272 | +80.1% |
| Amounts receivable within one year | 40/41 | €315 | €9,330 | +€9,015 | +2,860% |
| Other amounts receivable | 41 | €315 | €9,330 | +€9,015 | +2,860% |
| Cash at bank and in hand | 54/58 | €148,676 | €241,413 | +€92,737 | +62.4% |
| Deferred charges and accrued income | 490/1 | - | €17,520 | +€17,520 | |
| Total equity and liabilities | 10/49 | €148,991 | €269,398 | +€120,407 | +80.8% |
| Equity | 10/15 | €139,208 | €243,030 | +€103,822 | +74.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,208 | €238,030 | +€103,822 | +77.4% |
| Amounts payable | 17/49 | €9,783 | €26,368 | +€16,585 | +170% |
| Amounts payable within one year | 42/48 | €9,783 | €26,368 | +€16,585 | +170% |
| Trade debts | 44 | €37 | €21,868 | +€21,831 | +58,954% |
| Suppliers | 440/4 | €37 | €21,868 | +€21,831 | +58,954% |
| Taxes, remuneration and social security | 45 | €9,600 | €4,500 | -€5,100 | -53.1% |
| Taxes | 450/3 | €9,600 | - | -€9,600 | |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €146 | - | -€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,567 | €509 | -€4,058 | -88.9% |
| Gross operating margin | 9900 | €177,463 | €132,400 | -€45,063 | -25.4% |
| Operating profit (loss) | 9901 | €172,895 | €131,891 | -€41,004 | -23.7% |
| Financial income | 75/76B | - | €122 | +€122 | |
| Recurring financial income | 75 | - | €122 | +€122 | |
| Financial charges | 65/66B | €503 | €208 | -€295 | -58.6% |
| Recurring financial charges | 65 | €503 | €208 | -€295 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €172,393 | €131,805 | -€40,588 | -23.5% |
| Income taxes | 67/77 | €38,185 | €27,983 | -€10,201 | -26.7% |
| Profit (loss) for the period | 9904 | €134,208 | €103,822 | -€30,386 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €134,208 | €103,822 | -€30,386 | -22.6% |
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 14 October 2026 via checked.be.