L.D.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.M.
Largest movements
- Receivables within one year +€432,873
up €432,873 (+970%), from €44,604 to €477,476
of which Trade receivables: +€237,140
- Stocks and contracts +€175,940
up €175,940 (+26.2%), from €671,510 to €847,450
- Cash +€158,442
up €158,442 (+208%), from €76,133 to €234,575
mainly Net result for the year (+€414,829) and Trade debts (+€250,905)
- Tangible fixed assets -€74,695
down €74,695 (-12.7%), from €586,356 to €511,661
of which Furniture and vehicles: -€39,329
- Profit (loss) carried forward +€414,829
up €414,829 (+62.8%), from €660,840 to €1.1m
- Trade debts +€250,905
up €250,905 (+446%), from €56,289 to €307,194
- Tax, wage and social debts +€94,496
up €94,496 (+42.9%), from €220,284 to €314,781
of which Taxes: +€93,177
- Debts after one year -€66,576
down €66,576 (-20.1%), from €330,728 to €264,153
- Gross operating margin +€164,421
up €164,421 (+25.4%), from €646,268 to €810,689
- Taxes +€37,644
up €37,644 (+29.8%), from €126,369 to €164,013
- Depreciation +€25,171
up €25,171 (+40.3%), from €62,498 to €87,668
- Staff costs +€21,425
up €21,425 (+22.3%), from €95,887 to €117,313
- Financial income -€14,742
down €14,742 (-70.4%), from €20,937 to €6,195
of which Non-recurring financial income: -€13,329
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,382,153 | €2,074,412 | +€692,259 | +50.1% |
| Fixed assets | 21/28 | €589,906 | €514,911 | -€74,995 | -12.7% |
| Tangible fixed assets | 22/27 | €586,356 | €511,661 | -€74,695 | -12.7% |
| Land and buildings | 22 | €332,075 | €311,862 | -€20,213 | -6.1% |
| Plant, machinery and equipment | 23 | €51,262 | €36,254 | -€15,009 | -29.3% |
| Furniture and vehicles | 24 | €201,962 | €162,633 | -€39,329 | -19.5% |
| Other tangible fixed assets | 26 | €1,057 | €912 | -€144 | -13.7% |
| Financial fixed assets | 28 | €3,550 | €3,250 | -€300 | -8.5% |
| Current assets | 29/58 | €792,247 | €1,559,501 | +€767,254 | +96.8% |
| Stocks and contracts in progress | 3 | €671,510 | €847,450 | +€175,940 | +26.2% |
| Stocks | 30/36 | €671,510 | €847,450 | +€175,940 | +26.2% |
| Amounts receivable within one year | 40/41 | €44,604 | €477,476 | +€432,873 | +970% |
| Trade receivables | 40 | €30,450 | €267,590 | +€237,140 | +779% |
| Other amounts receivable | 41 | €14,154 | €209,886 | +€195,733 | +1,383% |
| Cash at bank and in hand | 54/58 | €76,133 | €234,575 | +€158,442 | +208% |
| Total equity and liabilities | 10/49 | €1,382,153 | €2,074,412 | +€692,259 | +50.1% |
| Equity | 10/15 | €675,100 | €1,089,929 | +€414,829 | +61.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €660,840 | €1,075,669 | +€414,829 | +62.8% |
| Amounts payable | 17/49 | €707,053 | €984,482 | +€277,430 | +39.2% |
| Amounts payable after more than one year | 17 | €330,728 | €264,153 | -€66,576 | -20.1% |
| Financial debts | 170/4 | €330,728 | €264,153 | -€66,576 | -20.1% |
| Amounts payable within one year | 42/48 | €376,324 | €720,330 | +€344,006 | +91.4% |
| Current portion of amounts payable after more than one year | 42 | €65,174 | €67,145 | +€1,971 | +3.0% |
| Trade debts | 44 | €56,289 | €307,194 | +€250,905 | +446% |
| Suppliers | 440/4 | €56,289 | €307,194 | +€250,905 | +446% |
| Taxes, remuneration and social security | 45 | €220,284 | €314,781 | +€94,496 | +42.9% |
| Taxes | 450/3 | €201,342 | €294,519 | +€93,177 | +46.3% |
| Remuneration and social security | 454/9 | €18,942 | €20,262 | +€1,320 | +7.0% |
| Other amounts payable | 47/48 | €34,577 | €31,210 | -€3,367 | -9.7% |
| Remuneration, social security and pensions | 62 | €95,887 | €117,313 | +€21,425 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,498 | €87,668 | +€25,171 | +40.3% |
| Other operating charges | 640/8 | €19,380 | €11,663 | -€7,717 | -39.8% |
| Gross operating margin | 9900 | €646,268 | €810,689 | +€164,421 | +25.4% |
| Operating profit (loss) | 9901 | €468,504 | €594,046 | +€125,542 | +26.8% |
| Financial income | 75/76B | €20,937 | €6,195 | -€14,742 | -70.4% |
| Recurring financial income | 75 | €1,528 | €115 | -€1,413 | -92.5% |
| Non-recurring financial income | 76B | €19,409 | €6,080 | -€13,329 | -68.7% |
| Financial charges | 65/66B | €14,955 | €21,399 | +€6,445 | +43.1% |
| Recurring financial charges | 65 | €14,955 | €20,859 | +€5,905 | +39.5% |
| Non-recurring financial charges | 66B | - | €540 | +€540 | |
| Profit (loss) for the period before taxes | 9903 | €474,486 | €578,842 | +€104,356 | +22.0% |
| Income taxes | 67/77 | €126,369 | €164,013 | +€37,644 | +29.8% |
| Profit (loss) for the period | 9904 | €348,117 | €414,829 | +€66,712 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €348,117 | €414,829 | +€66,712 | +19.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.