LEDSWER: 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.
LEDSWER
Largest movements
- Financial fixed assets +€960
new in 2025: €960
- Tangible fixed assets -€860
no longer reported in 2025 (was €860)
- Cash +€322
up €322 (+44.2%), from €728 to €1,050
mainly Net result for the year (+€300) and Debts after one year (+€300)
- Debts after one year +€300
new in 2025: €300
- Profit (loss) carried forward +€95
up €95 (+46.3%), from €205 to €300
- Turnover +€7,800
new in 2025: €7,800
- Purchases and services +€7,500
new in 2025: €7,500
- Gross operating margin +€300
new in 2025: €300
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €2,256 | €2,678 | +€422 | +18.7% |
| Formation expenses | 20 | €668 | €668 | = | 0.0% |
| Fixed assets | 21/28 | €860 | €960 | +€100 | +11.6% |
| Tangible fixed assets | 22/27 | €860 | - | -€860 | |
| Other tangible fixed assets | 26 | €860 | - | -€860 | |
| Financial fixed assets | 28 | - | €960 | +€960 | |
| Current assets | 29/58 | €728 | €1,050 | +€322 | +44.2% |
| Cash at bank and in hand | 54/58 | €728 | €1,050 | +€322 | +44.2% |
| Total equity and liabilities | 10/49 | €2,256 | €2,678 | +€422 | +18.7% |
| Equity | 10/15 | €2,205 | €2,300 | +€95 | +4.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205 | €300 | +€95 | +46.3% |
| Provisions and deferred taxes | 16 | €51 | €60 | +€9 | +17.1% |
| Provisions for liabilities and charges | 160/5 | €51 | €60 | +€9 | +17.1% |
| Taxes | 161 | €51 | €60 | +€9 | +17.1% |
| Amounts payable | 17/49 | - | €318 | +€318 | |
| Amounts payable after more than one year | 17 | - | €300 | +€300 | |
| Financial debts | 170/4 | - | €300 | +€300 | |
| Amounts payable within one year | 42/48 | - | €18 | +€18 | |
| Trade debts | 44 | - | €18 | +€18 | |
| Suppliers | 440/4 | - | €18 | +€18 | |
| Turnover | 70 | - | €7,800 | +€7,800 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €7,500 | +€7,500 | |
| Gross operating margin | 9900 | - | €300 | +€300 | |
| Operating profit (loss) | 9901 | - | €300 | +€300 | |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Non-recurring financial income | 76B | - | €34 | +€34 | |
| Financial charges | 65/66B | - | €34 | +€34 | |
| Recurring financial charges | 65 | - | €34 | +€34 | |
| Profit (loss) for the period before taxes | 9903 | - | €300 | +€300 | |
| Transfer from deferred taxes | 780 | - | €60 | +€60 | |
| Income taxes | 67/77 | - | €60 | +€60 | |
| Profit (loss) for the period | 9904 | - | €300 | +€300 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €300 | +€300 |
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 30 September 2026 via checked.be.