L.D. FINANCES: 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. FINANCES
Largest movements
- Stocks and contracts +€765,189
up €765,189 (+1,096%), from €69,847 to €835,036
- Receivables within one year +€315,347
new in 2025: €315,347
- Current portion of long-term debt +€1.1m
new in 2025: €1.1m
- Profit (loss) carried forward +€39,010
up €39,010 (+70.2%), from -€55,596 to -€16,586
- Debts after one year -€20,810
down €20,810 (-43.3%), from €48,048 to €27,238
- Gross operating margin +€39,059
up €39,059, from -€7,549 to €31,510
- Financial income +€10,555
new in 2025: €10,555
- Financial charges +€2,556
up €2,556 (+2,387%), from €107 to €2,663
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 | €76,943 | €1,153,894 | +€1.1m | +1,400% |
| Current assets | 29/58 | €76,943 | €1,153,894 | +€1.1m | +1,400% |
| Stocks and contracts in progress | 3 | €69,847 | €835,036 | +€765,189 | +1,096% |
| Stocks | 30/36 | €69,847 | €835,036 | +€765,189 | +1,096% |
| Amounts receivable within one year | 40/41 | - | €315,347 | +€315,347 | |
| Other amounts receivable | 41 | - | €315,347 | +€315,347 | |
| Cash at bank and in hand | 54/58 | €518 | €315 | -€203 | -39.2% |
| Deferred charges and accrued income | 490/1 | €6,578 | €3,196 | -€3,381 | -51.4% |
| Total equity and liabilities | 10/49 | €76,943 | €1,153,894 | +€1.1m | +1,400% |
| Equity | 10/15 | -€32,299 | €6,711 | +€39,010 | |
| Contributions | 10/11 | €23,297 | €23,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,596 | -€16,586 | +€39,010 | +70.2% |
| Amounts payable | 17/49 | €109,242 | €1,147,183 | +€1.0m | +950% |
| Amounts payable after more than one year | 17 | €48,048 | €27,238 | -€20,810 | -43.3% |
| Other amounts payable | 178/9 | €48,048 | €27,238 | -€20,810 | -43.3% |
| Amounts payable within one year | 42/48 | €61,033 | €1,112,881 | +€1.1m | +1,723% |
| Current portion of amounts payable after more than one year | 42 | - | €1,062,640 | +€1.1m | |
| Financial debts | 43 | €38 | €0 | -€38 | -100% |
| Other loans | 439 | €38 | €0 | -€38 | -100% |
| Trade debts | 44 | €60,178 | €50,241 | -€9,937 | -16.5% |
| Suppliers | 440/4 | €60,178 | €50,241 | -€9,937 | -16.5% |
| Other amounts payable | 47/48 | €818 | €0 | -€818 | -100% |
| Accrued charges and deferred income | 492/3 | €161 | €7,064 | +€6,903 | +4,291% |
| Other operating charges | 640/8 | €385 | €392 | +€7 | +1.7% |
| Gross operating margin | 9900 | -€7,549 | €31,510 | +€39,059 | |
| Operating profit (loss) | 9901 | -€7,935 | €31,118 | +€39,053 | |
| Financial income | 75/76B | - | €10,555 | +€10,555 | |
| Recurring financial income | 75 | - | €10,555 | +€10,555 | |
| Financial charges | 65/66B | €107 | €2,663 | +€2,556 | +2,387% |
| Recurring financial charges | 65 | €107 | €2,663 | +€2,556 | +2,387% |
| Profit (loss) for the period before taxes | 9903 | -€8,042 | €39,010 | +€47,052 | |
| Profit (loss) for the period | 9904 | -€8,042 | €39,010 | +€47,052 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,042 | €39,010 | +€47,052 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.