L.D.B. GROEP: 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.
L.D.B. GROEP
Largest movements
- Cash +€19,785
up €19,785 (+90.7%), from €21,820 to €41,605
mainly Other debts (+€21,568) and Net result for the year (+€17,296)
- Receivables within one year -€13,197
down €13,197 (-8.5%), from €155,046 to €141,849
of which Trade receivables: -€13,197
- Tangible fixed assets -€5,014
down €5,014 (-6.5%), from €76,631 to €71,617
- Profit (loss) carried forward -€187,510
down €187,510 (-100%), from €187,510 to €0
- Reserves +€184,806
up €184,806 (+614%), from €30,099 to €214,904
- Trade debts -€23,670
down €23,670 (-98.3%), from €24,069 to €400
- Other debts +€21,568
up €21,568 (+1,797%), from €1,200 to €22,768
- Tax, wage and social debts +€6,783
up €6,783 (+840%), from €808 to €7,590
- Gross operating margin +€19,897
up €19,897 (+70.3%), from €28,323 to €48,220
- Taxes +€7,987
up €7,987 (+989%), from €808 to €8,795
- Write-downs -€936
down €936 (-5.4%), from €17,486 to €16,550
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 | €253,497 | €255,474 | +€1,977 | +0.8% |
| Fixed assets | 21/28 | €76,631 | €71,617 | -€5,014 | -6.5% |
| Tangible fixed assets | 22/27 | €76,631 | €71,617 | -€5,014 | -6.5% |
| Land and buildings | 22 | €76,631 | €71,617 | -€5,014 | -6.5% |
| Current assets | 29/58 | €176,865 | €183,857 | +€6,992 | +4.0% |
| Amounts receivable within one year | 40/41 | €155,046 | €141,849 | -€13,197 | -8.5% |
| Trade receivables | 40 | €149,217 | €136,020 | -€13,197 | -8.8% |
| Other amounts receivable | 41 | €5,829 | €5,829 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,820 | €41,605 | +€19,785 | +90.7% |
| Deferred charges and accrued income | 490/1 | - | €404 | +€404 | |
| Total equity and liabilities | 10/49 | €253,497 | €255,474 | +€1,977 | +0.8% |
| Equity | 10/15 | €226,419 | €223,715 | -€2,704 | -1.2% |
| Contributions | 10/11 | €8,811 | €8,811 | = | 0.0% |
| Reserves | 13 | €30,099 | €214,904 | +€184,806 | +614% |
| Distributable reserves | 133 | €30,099 | €214,904 | +€184,806 | +614% |
| Profit (loss) carried forward | 14 | €187,510 | €0 | -€187,510 | -100% |
| Amounts payable | 17/49 | €27,077 | €31,759 | +€4,681 | +17.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €26,077 | €30,759 | +€4,681 | +18.0% |
| Trade debts | 44 | €24,069 | €400 | -€23,670 | -98.3% |
| Suppliers | 440/4 | €24,069 | €400 | -€23,670 | -98.3% |
| Taxes, remuneration and social security | 45 | €808 | €7,590 | +€6,783 | +840% |
| Taxes | 450/3 | €808 | €7,590 | +€6,783 | +840% |
| Other amounts payable | 47/48 | €1,200 | €22,768 | +€21,568 | +1,797% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,747 | €5,014 | +€268 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,486 | €16,550 | -€936 | -5.4% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Non-recurring operating charges | 66A | €2,532 | €0 | -€2,532 | -100% |
| Gross operating margin | 9900 | €28,323 | €48,220 | +€19,897 | +70.3% |
| Operating profit (loss) | 9901 | €3,108 | €26,194 | +€23,086 | +743% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €144 | €103 | -€41 | -28.6% |
| Recurring financial charges | 65 | €144 | €103 | -€41 | -28.6% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €2,964 | €26,091 | +€23,127 | +780% |
| Income taxes | 67/77 | €808 | €8,795 | +€7,987 | +989% |
| Profit (loss) for the period | 9904 | €2,157 | €17,296 | +€15,139 | +702% |
| Profit (loss) for the period to be appropriated | 9905 | €2,157 | €17,296 | +€15,139 | +702% |
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.