L.D.N. SERVICES: 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.N. SERVICES
Largest movements
- Cash -€15,224
down €15,224 (-35.8%), from €42,568 to €27,344
mainly Net result for the year (-€37,381) and Investment in fixed assets (net) (-€21,047)
- Stocks and contracts -€4,646
down €4,646 (-52.1%), from €8,914 to €4,268
- Tangible fixed assets -€2,475
down €2,475 (-1.5%), from €160,310 to €157,836
of which Furniture and vehicles: -€15,381
- Profit (loss) carried forward -€37,381
down €37,381 (-54.9%), from -€68,073 to -€105,455
- Other debts +€25,674
up €25,674 (+129%), from €19,961 to €45,635
- Debts after one year -€6,277
down €6,277 (-11.3%), from €55,694 to €49,417
- Current portion of long-term debt -€4,442
down €4,442 (-41.4%), from €10,719 to €6,277
- Trade debts -€4,163
down €4,163 (-55.5%), from €7,495 to €3,332
- Gross operating margin +€12,876
up €12,876 (+58.7%), from -€21,945 to -€9,069
- Depreciation +€2,255
up €2,255 (+10.6%), from €21,267 to €23,522
- Financial charges +€1,111
up €1,111 (+71.1%), from €1,564 to €2,675
- Financial income -€608
down €608 (-83.3%), from €730 to €122
- Other operating charges -€544
down €544 (-23.3%), from €2,339 to €1,795
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 | €226,319 | €201,216 | -€25,103 | -11.1% |
| Fixed assets | 21/28 | €160,720 | €158,246 | -€2,475 | -1.5% |
| Tangible fixed assets | 22/27 | €160,310 | €157,836 | -€2,475 | -1.5% |
| Land and buildings | 22 | €112,185 | €127,039 | +€14,854 | +13.2% |
| Plant, machinery and equipment | 23 | €3,589 | €1,641 | -€1,948 | -54.3% |
| Furniture and vehicles | 24 | €44,537 | €29,156 | -€15,381 | -34.5% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €65,599 | €42,970 | -€22,629 | -34.5% |
| Stocks and contracts in progress | 3 | €8,914 | €4,268 | -€4,646 | -52.1% |
| Stocks | 30/36 | €8,914 | €4,268 | -€4,646 | -52.1% |
| Amounts receivable within one year | 40/41 | €6,291 | €4,284 | -€2,007 | -31.9% |
| Trade receivables | 40 | €2,180 | €1,999 | -€181 | -8.3% |
| Other amounts receivable | 41 | €4,111 | €2,285 | -€1,826 | -44.4% |
| Cash at bank and in hand | 54/58 | €42,568 | €27,344 | -€15,224 | -35.8% |
| Deferred charges and accrued income | 490/1 | €7,825 | €7,074 | -€751 | -9.6% |
| Total equity and liabilities | 10/49 | €226,319 | €201,216 | -€25,103 | -11.1% |
| Equity | 10/15 | €129,340 | €91,958 | -€37,381 | -28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,813 | €178,813 | = | 0.0% |
| Distributable reserves | 133 | €178,813 | €178,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,073 | -€105,455 | -€37,381 | -54.9% |
| Amounts payable | 17/49 | €96,979 | €109,257 | +€12,278 | +12.7% |
| Amounts payable after more than one year | 17 | €55,694 | €49,417 | -€6,277 | -11.3% |
| Financial debts | 170/4 | €55,694 | €49,417 | -€6,277 | -11.3% |
| Amounts payable within one year | 42/48 | €41,261 | €59,820 | +€18,559 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €10,719 | €6,277 | -€4,442 | -41.4% |
| Trade debts | 44 | €7,495 | €3,332 | -€4,163 | -55.5% |
| Suppliers | 440/4 | €7,495 | €3,332 | -€4,163 | -55.5% |
| Taxes, remuneration and social security | 45 | €3,085 | €4,575 | +€1,490 | +48.3% |
| Taxes | 450/3 | €386 | €878 | +€492 | +128% |
| Remuneration and social security | 454/9 | €2,699 | €3,696 | +€997 | +37.0% |
| Other amounts payable | 47/48 | €19,961 | €45,635 | +€25,674 | +129% |
| Accrued charges and deferred income | 492/3 | €25 | €21 | -€4 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,267 | €23,522 | +€2,255 | +10.6% |
| Other operating charges | 640/8 | €2,339 | €1,795 | -€544 | -23.3% |
| Gross operating margin | 9900 | -€21,945 | -€9,069 | +€12,876 | +58.7% |
| Operating profit (loss) | 9901 | -€45,551 | -€34,385 | +€11,165 | +24.5% |
| Financial income | 75/76B | €730 | €122 | -€608 | -83.3% |
| Recurring financial income | 75 | €730 | €122 | -€608 | -83.3% |
| Financial charges | 65/66B | €1,564 | €2,675 | +€1,111 | +71.1% |
| Recurring financial charges | 65 | €1,564 | €2,675 | +€1,111 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,384 | -€36,939 | +€9,445 | +20.4% |
| Income taxes | 67/77 | €554 | €443 | -€111 | -20.0% |
| Profit (loss) for the period | 9904 | -€46,937 | -€37,381 | +€9,556 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,937 | -€37,381 | +€9,556 | +20.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.