L.D.B.M.: 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.M.
Largest movements
- Cash -€17,063
down €17,063 (-40.8%), from €41,866 to €24,803
mainly Debts after one year (-€24,330) and Other debts (-€22,401)
- Intangible fixed assets -€13,447
down €13,447 (-84.9%), from €15,829 to €2,383
- Tangible fixed assets -€11,849
down €11,849 (-19.9%), from €59,515 to €47,666
of which Other tangible fixed assets: -€10,065
- Receivables within one year +€8,560
up €8,560 (+15.6%), from €54,930 to €63,490
of which Trade receivables: +€5,770
- Stocks and contracts +€8,250
up €8,250 (+19.1%), from €43,299 to €51,549
- Debts after one year -€24,330
down €24,330 (-43.9%), from €55,382 to €31,052
- Other debts -€22,401
down €22,401 (-99.8%), from €22,441 to €40
- Reserves +€19,990
up €19,990 (+32.4%), from €61,646 to €81,636
of which Distributable reserves: +€19,990
- Tax, wage and social debts -€2,551
down €2,551 (-8.8%), from €28,848 to €26,297
of which Taxes: -€5,519
- Accrued charges and deferred income +€2,359
up €2,359 (+114%), from €2,078 to €4,437
- Gross operating margin +€4,234
up €4,234 (+1.6%), from €269,367 to €273,601
- Financial charges +€4,233
up €4,233 (+38.1%), from €11,122 to €15,355
- Staff costs +€3,295
up €3,295 (+1.7%), from €188,482 to €191,777
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 | €229,024 | €203,067 | -€25,956 | -11.3% |
| Fixed assets | 21/28 | €75,992 | €50,696 | -€25,296 | -33.3% |
| Intangible fixed assets | 21 | €15,829 | €2,383 | -€13,447 | -84.9% |
| Tangible fixed assets | 22/27 | €59,515 | €47,666 | -€11,849 | -19.9% |
| Plant, machinery and equipment | 23 | €6,126 | €6,019 | -€106 | -1.7% |
| Furniture and vehicles | 24 | €3,290 | €1,612 | -€1,678 | -51.0% |
| Other tangible fixed assets | 26 | €50,100 | €40,035 | -€10,065 | -20.1% |
| Financial fixed assets | 28 | €647 | €647 | = | 0.0% |
| Current assets | 29/58 | €153,032 | €152,371 | -€661 | -0.4% |
| Stocks and contracts in progress | 3 | €43,299 | €51,549 | +€8,250 | +19.1% |
| Stocks | 30/36 | €43,299 | €51,549 | +€8,250 | +19.1% |
| Amounts receivable within one year | 40/41 | €54,930 | €63,490 | +€8,560 | +15.6% |
| Trade receivables | 40 | €11,618 | €17,388 | +€5,770 | +49.7% |
| Other amounts receivable | 41 | €43,312 | €46,102 | +€2,789 | +6.4% |
| Cash at bank and in hand | 54/58 | €41,866 | €24,803 | -€17,063 | -40.8% |
| Deferred charges and accrued income | 490/1 | €12,936 | €12,529 | -€407 | -3.1% |
| Total equity and liabilities | 10/49 | €229,024 | €203,067 | -€25,956 | -11.3% |
| Equity | 10/15 | €92,870 | €112,860 | +€19,990 | +21.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €61,646 | €81,636 | +€19,990 | +32.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €61,646 | €81,636 | +€19,990 | +32.4% |
| Profit (loss) carried forward | 14 | €224 | €224 | = | 0.0% |
| Amounts payable | 17/49 | €136,154 | €90,207 | -€45,946 | -33.7% |
| Amounts payable after more than one year | 17 | €55,382 | €31,052 | -€24,330 | -43.9% |
| Financial debts | 170/4 | €55,382 | €31,052 | -€24,330 | -43.9% |
| Amounts payable within one year | 42/48 | €78,694 | €54,719 | -€23,976 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €25,007 | €24,330 | -€677 | -2.7% |
| Trade debts | 44 | €2,399 | €4,052 | +€1,653 | +68.9% |
| Suppliers | 440/4 | €2,399 | €4,052 | +€1,653 | +68.9% |
| Taxes, remuneration and social security | 45 | €28,848 | €26,297 | -€2,551 | -8.8% |
| Taxes | 450/3 | €8,890 | €3,372 | -€5,519 | -62.1% |
| Remuneration and social security | 454/9 | €19,958 | €22,926 | +€2,968 | +14.9% |
| Other amounts payable | 47/48 | €22,441 | €40 | -€22,401 | -99.8% |
| Accrued charges and deferred income | 492/3 | €2,078 | €4,437 | +€2,359 | +114% |
| Remuneration, social security and pensions | 62 | €188,482 | €191,777 | +€3,295 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,403 | €34,764 | -€638 | -1.8% |
| Other operating charges | 640/8 | €3,412 | €4,341 | +€929 | +27.2% |
| Gross operating margin | 9900 | €269,367 | €273,601 | +€4,234 | +1.6% |
| Operating profit (loss) | 9901 | €42,071 | €42,719 | +€648 | +1.5% |
| Financial income | 75/76B | €4,751 | €4,857 | +€105 | +2.2% |
| Recurring financial income | 75 | €4,751 | €4,857 | +€105 | +2.2% |
| Financial charges | 65/66B | €11,122 | €15,355 | +€4,233 | +38.1% |
| Recurring financial charges | 65 | €11,122 | €15,355 | +€4,233 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €35,701 | €32,221 | -€3,480 | -9.7% |
| Income taxes | 67/77 | €14,138 | €12,231 | -€1,907 | -13.5% |
| Profit (loss) for the period | 9904 | €21,563 | €19,990 | -€1,573 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,563 | €19,990 | -€1,573 | -7.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.