LEDZEIPIMM: 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.
LEDZEIPIMM
Largest movements
- Tangible fixed assets -€14,502
down €14,502 (-10.7%), from €135,086 to €120,584
of which Furniture and vehicles: -€11,056
- Receivables within one year +€10,736
up €10,736 (+59.1%), from €18,154 to €28,890
of which Trade receivables: +€10,890
- Cash -€7,552
down €7,552 (-84.5%), from €8,932 to €1,380
mainly Debts after one year (-€15,678) and Receivables within one year (-€10,736)
- Debts after one year -€15,678
down €15,678 (-17.4%), from €90,002 to €74,324
- Trade debts +€2,529
up €2,529 (+379%), from €668 to €3,196
- Gross operating margin -€9,554
down €9,554 (-31.5%), from €30,302 to €20,748
- Financial charges -€622
down €622 (-17.0%), from €3,663 to €3,041
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 | €163,974 | €153,776 | -€10,198 | -6.2% |
| Fixed assets | 21/28 | €135,086 | €120,584 | -€14,502 | -10.7% |
| Tangible fixed assets | 22/27 | €135,086 | €120,584 | -€14,502 | -10.7% |
| Land and buildings | 22 | €102,630 | €99,184 | -€3,447 | -3.4% |
| Furniture and vehicles | 24 | €32,456 | €21,400 | -€11,056 | -34.1% |
| Current assets | 29/58 | €28,888 | €33,192 | +€4,304 | +14.9% |
| Amounts receivable within one year | 40/41 | €18,154 | €28,890 | +€10,736 | +59.1% |
| Trade receivables | 40 | €18,000 | €28,890 | +€10,890 | +60.5% |
| Other amounts receivable | 41 | €154 | - | -€154 | |
| Cash at bank and in hand | 54/58 | €8,932 | €1,380 | -€7,552 | -84.5% |
| Deferred charges and accrued income | 490/1 | €1,802 | €2,922 | +€1,120 | +62.2% |
| Total equity and liabilities | 10/49 | €163,974 | €153,776 | -€10,198 | -6.2% |
| Equity | 10/15 | €39,044 | €40,677 | +€1,632 | +4.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,182 | €28,182 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,182 | €28,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,137 | -€7,505 | +€1,632 | +17.9% |
| Amounts payable | 17/49 | €124,930 | €113,099 | -€11,831 | -9.5% |
| Amounts payable after more than one year | 17 | €90,002 | €74,324 | -€15,678 | -17.4% |
| Financial debts | 170/4 | €90,002 | €74,324 | -€15,678 | -17.4% |
| Amounts payable within one year | 42/48 | €34,927 | €38,775 | +€3,848 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €15,769 | €16,301 | +€532 | +3.4% |
| Trade debts | 44 | €668 | €3,196 | +€2,529 | +379% |
| Suppliers | 440/4 | €668 | €3,196 | +€2,529 | +379% |
| Taxes, remuneration and social security | 45 | €9,444 | €10,122 | +€678 | +7.2% |
| Taxes | 450/3 | €5,047 | €5,725 | +€678 | +13.4% |
| Remuneration and social security | 454/9 | €4,396 | €4,396 | = | 0.0% |
| Other amounts payable | 47/48 | €9,047 | €9,156 | +€109 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,502 | €14,502 | = | 0.0% |
| Other operating charges | 640/8 | €1,412 | €1,456 | +€45 | +3.2% |
| Gross operating margin | 9900 | €30,302 | €20,748 | -€9,554 | -31.5% |
| Operating profit (loss) | 9901 | €14,388 | €4,790 | -€9,598 | -66.7% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €3,663 | €3,041 | -€622 | -17.0% |
| Recurring financial charges | 65 | €3,663 | €3,041 | -€622 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €10,725 | €1,765 | -€8,960 | -83.5% |
| Income taxes | 67/77 | €112 | €132 | +€21 | +18.3% |
| Profit (loss) for the period | 9904 | €10,613 | €1,632 | -€8,981 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,613 | €1,632 | -€8,981 | -84.6% |
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 26 October 2026 via checked.be.