F-LDS-HOLDING: 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.
F-LDS-HOLDING
Largest movements
- Receivables within one year +€584,603
up €584,603 (+2429.3%), from €24,065 to €608,668
of which Other amounts receivable: +€585,375
- Deferred charges and accrued income +€9,305
new in 2025: €9,305
- Other debts +€516,489
up €516,489 (+412.9%), from €125,101 to €641,590
- Debts after one year +€61,500
up €61,500 (+82.0%), from €75,000 to €136,500
of which Other amounts payable: +€61,500
- Reserves +€20,000
up €20,000 (+100.0%), from €20,000 to €40,000
of which Distributable reserves: +€15,000
- Financial income +€7,457
up €7,457 (+109179.4%), from €7 to €7,464
- Gross operating margin -€5,390
down €5,390 (-13.8%), from €39,011 to €33,621
- Financial charges +€4,267
up €4,267 (+46.3%), from €9,209 to €13,476
- Taxes -€3,630
down €3,630 (-48.4%), from €7,500 to €3,870
- Other operating charges -€427
down €427 (-51.7%), from €827 to €400
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 | €305,440 | €907,530 | +€602,090 | +197.1% |
| Fixed assets | 21/28 | €263,059 | €262,678 | -€382 | -0.1% |
| Tangible fixed assets | 22/27 | €1,559 | €1,178 | -€382 | -24.5% |
| Plant, machinery and equipment | 23 | €1,559 | €1,178 | -€382 | -24.5% |
| Financial fixed assets | 28 | €261,500 | €261,500 | = | 0.0% |
| Current assets | 29/58 | €42,381 | €644,853 | +€602,472 | +1421.6% |
| Amounts receivable within one year | 40/41 | €24,065 | €608,668 | +€584,603 | +2429.3% |
| Trade receivables | 40 | €11,834 | €11,062 | -€772 | -6.5% |
| Other amounts receivable | 41 | €12,231 | €597,606 | +€585,375 | +4786.1% |
| Cash at bank and in hand | 54/58 | €18,316 | €26,880 | +€8,564 | +46.8% |
| Deferred charges and accrued income | 490/1 | - | €9,305 | +€9,305 | |
| Total equity and liabilities | 10/49 | €305,440 | €907,530 | +€602,090 | +197.1% |
| Equity | 10/15 | €82,633 | €105,590 | +€22,957 | +27.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Uncalled capital | 101 | €138,500 | €138,500 | = | 0.0% |
| Reserves | 13 | €20,000 | €40,000 | +€20,000 | +100.0% |
| Non-distributable reserves | 130/1 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Legal reserve | 130 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Distributable reserves | 133 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Profit (loss) carried forward | 14 | €1,133 | €4,090 | +€2,957 | +261.1% |
| Amounts payable | 17/49 | €222,808 | €801,941 | +€579,133 | +259.9% |
| Amounts payable after more than one year | 17 | €75,000 | €136,500 | +€61,500 | +82.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €61,500 | +€61,500 | |
| Amounts payable within one year | 42/48 | €140,961 | €654,495 | +€513,534 | +364.3% |
| Trade debts | 44 | €1,143 | €1,502 | +€359 | +31.4% |
| Suppliers | 440/4 | €1,143 | €1,502 | +€359 | +31.4% |
| Taxes, remuneration and social security | 45 | €14,718 | €11,403 | -€3,315 | -22.5% |
| Taxes | 450/3 | €14,718 | €11,403 | -€3,315 | -22.5% |
| Other amounts payable | 47/48 | €125,101 | €641,590 | +€516,489 | +412.9% |
| Accrued charges and deferred income | 492/3 | €6,846 | €10,945 | +€4,099 | +59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349 | €382 | +€32 | +9.3% |
| Other operating charges | 640/8 | €827 | €400 | -€427 | -51.7% |
| Gross operating margin | 9900 | €39,011 | €33,621 | -€5,390 | -13.8% |
| Operating profit (loss) | 9901 | €37,835 | €32,840 | -€4,995 | -13.2% |
| Financial income | 75/76B | €7 | €7,464 | +€7,457 | +109179.4% |
| Recurring financial income | 75 | €7 | €7,464 | +€7,457 | +109179.4% |
| Financial charges | 65/66B | €9,209 | €13,476 | +€4,267 | +46.3% |
| Recurring financial charges | 65 | €9,209 | €13,476 | +€4,267 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €28,633 | €26,827 | -€1,805 | -6.3% |
| Income taxes | 67/77 | €7,500 | €3,870 | -€3,630 | -48.4% |
| Profit (loss) for the period | 9904 | €21,133 | €22,957 | +€1,825 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,133 | €22,957 | +€1,825 | +8.6% |
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 4 October 2026 via checked.be.