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
- Cash +€40,192
up €40,192 (+42.1%), from €95,466 to €135,658
mainly Depreciation (+€23,815) and Net result for the year (+€21,441)
- Tangible fixed assets -€19,045
down €19,045 (-3.2%), from €598,686 to €579,641
of which Land and buildings: -€22,472
- Profit (loss) carried forward +€27,747
up €27,747 (+95.2%), from -€29,156 to -€1,409
- Gross operating margin -€1,358
down €1,358 (-2.6%), from €52,030 to €50,671
- Depreciation +€954
up €954 (+4.2%), from €22,861 to €23,815
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 | €844,152 | €865,299 | +€21,146 | +2.5% |
| Fixed assets | 21/28 | €748,686 | €729,641 | -€19,045 | -2.5% |
| Tangible fixed assets | 22/27 | €598,686 | €579,641 | -€19,045 | -3.2% |
| Land and buildings | 22 | €597,907 | €575,435 | -€22,472 | -3.8% |
| Plant, machinery and equipment | 23 | €779 | €4,206 | +€3,426 | +439.6% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €95,466 | €135,658 | +€40,192 | +42.1% |
| Cash at bank and in hand | 54/58 | €95,466 | €135,658 | +€40,192 | +42.1% |
| Total equity and liabilities | 10/49 | €844,152 | €865,299 | +€21,146 | +2.5% |
| Equity | 10/15 | €726,508 | €747,949 | +€21,441 | +3.0% |
| Contributions | 10/11 | €453,645 | €453,645 | = | 0.0% |
| Capital | 10 | €453,645 | €453,645 | = | 0.0% |
| Issued capital | 100 | €453,645 | €453,645 | = | 0.0% |
| Reserves | 13 | €302,019 | €295,713 | -€6,306 | -2.1% |
| Non-distributable reserves | 130/1 | €43,721 | €43,721 | = | 0.0% |
| Legal reserve | 130 | €43,721 | €43,721 | = | 0.0% |
| Tax-exempt reserves | 132 | €258,297 | €251,991 | -€6,306 | -2.4% |
| Profit (loss) carried forward | 14 | -€29,156 | -€1,409 | +€27,747 | +95.2% |
| Provisions and deferred taxes | 16 | €86,099 | €83,997 | -€2,102 | -2.4% |
| Deferred taxes | 168 | €86,099 | €83,997 | -€2,102 | -2.4% |
| Amounts payable | 17/49 | €31,546 | €33,353 | +€1,807 | +5.7% |
| Amounts payable within one year | 42/48 | €30,996 | €32,053 | +€1,057 | +3.4% |
| Trade debts | 44 | €642 | €1,634 | +€992 | +154.4% |
| Suppliers | 440/4 | €642 | €1,634 | +€992 | +154.4% |
| Other amounts payable | 47/48 | €30,354 | €30,419 | +€66 | +0.2% |
| Accrued charges and deferred income | 492/3 | €550 | €1,300 | +€750 | +136.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,861 | €23,815 | +€954 | +4.2% |
| Other operating charges | 640/8 | €7,001 | €7,228 | +€227 | +3.2% |
| Gross operating margin | 9900 | €52,030 | €50,671 | -€1,358 | -2.6% |
| Operating profit (loss) | 9901 | €22,167 | €19,628 | -€2,539 | -11.5% |
| Financial charges | 65/66B | €44 | €289 | +€245 | +564.1% |
| Recurring financial charges | 65 | €44 | €289 | +€245 | +564.1% |
| Profit (loss) for the period before taxes | 9903 | €22,124 | €19,339 | -€2,785 | -12.6% |
| Transfer from deferred taxes | 780 | €2,102 | €2,102 | = | 0.0% |
| Profit (loss) for the period | 9904 | €24,226 | €21,441 | -€2,785 | -11.5% |
| Transfer from tax-exempt reserves | 789 | €6,306 | €6,306 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,532 | €27,747 | -€2,785 | -9.1% |
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 6 October 2026 via checked.be.