L.D.J.: 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.
L.D.J.
Largest movements
- Tangible fixed assets -€115,000
no longer reported in 2025 (was €115,000)
- Receivables within one year +€74,909
up €74,909 (+29.6%), from €252,967 to €327,876
of which Trade receivables: +€47,542
- Deferred charges and accrued income +€15,136
up €15,136 (+15.3%), from €99,073 to €114,209
- Short-term financial debts -€82,274
no longer reported in 2025 (was €82,274)
- Trade debts +€40,387
up €40,387 (+826.0%), from €4,890 to €45,276
- Gross operating margin +€20,031
up €20,031, from -€2,913 to €17,118
- Depreciation -€6,884
no longer reported in 2025 (was €6,884)
- Taxes +€3,905
new in 2025: €3,905
- Financial charges +€3,514
up €3,514 (+75.5%), from €4,657 to €8,171
- Financial income +€2,771
up €2,771 (+13.0%), from €21,374 to €24,145
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 | €1,510,901 | €1,485,946 | -€24,955 | -1.7% |
| Fixed assets | 21/28 | €1,158,858 | €1,043,858 | -€115,000 | -9.9% |
| Tangible fixed assets | 22/27 | €115,000 | - | -€115,000 | |
| Land and buildings | 22 | €115,000 | - | -€115,000 | |
| Financial fixed assets | 28 | €1,043,858 | €1,043,858 | = | 0.0% |
| Current assets | 29/58 | €352,043 | €442,088 | +€90,045 | +25.6% |
| Amounts receivable within one year | 40/41 | €252,967 | €327,876 | +€74,909 | +29.6% |
| Trade receivables | 40 | - | €47,542 | +€47,542 | |
| Other amounts receivable | 41 | €252,967 | €280,334 | +€27,367 | +10.8% |
| Cash at bank and in hand | 54/58 | €3 | €3 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €99,073 | €114,209 | +€15,136 | +15.3% |
| Total equity and liabilities | 10/49 | €1,510,901 | €1,485,946 | -€24,955 | -1.7% |
| Equity | 10/15 | €1,028,474 | €1,041,503 | +€13,028 | +1.3% |
| Reserves | 13 | €1,181,287 | €1,181,287 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,181,287 | €1,181,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,813 | -€139,784 | +€13,028 | +8.5% |
| Provisions and deferred taxes | 16 | €393,762 | €393,762 | = | 0.0% |
| Deferred taxes | 168 | €393,762 | €393,762 | = | 0.0% |
| Amounts payable | 17/49 | €88,664 | €50,681 | -€37,983 | -42.8% |
| Amounts payable within one year | 42/48 | €88,664 | €50,681 | -€37,983 | -42.8% |
| Financial debts | 43 | €82,274 | - | -€82,274 | |
| Credit institutions | 430/8 | €82,274 | - | -€82,274 | |
| Trade debts | 44 | €4,890 | €45,276 | +€40,387 | +826.0% |
| Suppliers | 440/4 | €4,890 | €45,276 | +€40,387 | +826.0% |
| Taxes, remuneration and social security | 45 | - | €3,905 | +€3,905 | |
| Taxes | 450/3 | - | €3,905 | +€3,905 | |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,884 | - | -€6,884 | |
| Other operating charges | 640/8 | €1,286 | €1,160 | -€126 | -9.8% |
| Non-recurring operating charges | 66A | - | €15,000 | +€15,000 | |
| Gross operating margin | 9900 | -€2,913 | €17,118 | +€20,031 | |
| Operating profit (loss) | 9901 | -€11,082 | €958 | +€12,041 | |
| Financial income | 75/76B | €21,374 | €24,145 | +€2,771 | +13.0% |
| Recurring financial income | 75 | €21,374 | €24,145 | +€2,771 | +13.0% |
| Financial charges | 65/66B | €4,657 | €8,171 | +€3,514 | +75.5% |
| Recurring financial charges | 65 | €4,657 | €8,171 | +€3,514 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €5,635 | €16,933 | +€11,298 | +200.5% |
| Income taxes | 67/77 | - | €3,905 | +€3,905 | |
| Profit (loss) for the period | 9904 | €5,635 | €13,028 | +€7,393 | +131.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,635 | €13,028 | +€7,393 | +131.2% |
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.