LCDD: 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.
LCDD
Largest movements
- Cash -€15,151
down €15,151 (-65.7%), from €23,047 to €7,896
mainly Net result for the year (-€23,297) and Contributions, distributions and other (-€23,077)
- Tangible fixed assets -€12,013
down €12,013 (-28.5%), from €42,100 to €30,086
of which Furniture and vehicles: -€6,908
- Deferred charges and accrued income -€3,405
down €3,405 (-48.1%), from €7,084 to €3,680
- Stocks and contracts -€1,886
down €1,886 (-9.7%), from €19,469 to €17,583
- Receivables within one year +€1,452
new in 2025: €1,452
- Profit (loss) carried forward -€36,259
down €36,259, from €11,409 to -€24,850
- Investment grants -€10,115
down €10,115 (-70.0%), from €14,450 to €4,335
- Other debts +€9,352
up €9,352 (+90.0%), from €10,389 to €19,741
- Trade debts +€7,753
up €7,753 (+541.0%), from €1,433 to €9,186
- Tax, wage and social debts -€1,749
down €1,749 (-6.4%), from €27,430 to €25,681
of which Remuneration and social security: -€5,821
- Gross operating margin -€51,855
down €51,855 (-62.4%), from €83,162 to €31,307
- Staff costs -€9,651
down €9,651 (-23.8%), from €40,606 to €30,956
- Taxes -€5,304
down €5,304 (-55.8%), from €9,500 to €4,196
- Financial charges +€3,940
up €3,940 (+402.8%), from €978 to €4,918
- Other operating charges +€2,401
up €2,401 (+150.8%), from €1,592 to €3,992
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 | €95,300 | €64,297 | -€31,002 | -32.5% |
| Fixed assets | 21/28 | €45,700 | €33,686 | -€12,013 | -26.3% |
| Tangible fixed assets | 22/27 | €42,100 | €30,086 | -€12,013 | -28.5% |
| Furniture and vehicles | 24 | €26,082 | €19,174 | -€6,908 | -26.5% |
| Other tangible fixed assets | 26 | €16,018 | €10,913 | -€5,105 | -31.9% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €49,600 | €30,611 | -€18,989 | -38.3% |
| Stocks and contracts in progress | 3 | €19,469 | €17,583 | -€1,886 | -9.7% |
| Stocks | 30/36 | €19,469 | €17,583 | -€1,886 | -9.7% |
| Amounts receivable within one year | 40/41 | - | €1,452 | +€1,452 | |
| Trade receivables | 40 | - | €1,452 | +€1,452 | |
| Cash at bank and in hand | 54/58 | €23,047 | €7,896 | -€15,151 | -65.7% |
| Deferred charges and accrued income | 490/1 | €7,084 | €3,680 | -€3,405 | -48.1% |
| Total equity and liabilities | 10/49 | €95,300 | €64,297 | -€31,002 | -32.5% |
| Equity | 10/15 | €55,859 | €9,485 | -€46,374 | -83.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,409 | -€24,850 | -€36,259 | |
| Investment grants | 15 | €14,450 | €4,335 | -€10,115 | -70.0% |
| Amounts payable | 17/49 | €39,441 | €54,812 | +€15,372 | +39.0% |
| Amounts payable within one year | 42/48 | €39,441 | €54,607 | +€15,167 | +38.5% |
| Financial debts | 43 | €189 | - | -€189 | |
| Credit institutions | 430/8 | €189 | - | -€189 | |
| Trade debts | 44 | €1,433 | €9,186 | +€7,753 | +541.0% |
| Suppliers | 440/4 | €1,433 | €9,186 | +€7,753 | +541.0% |
| Taxes, remuneration and social security | 45 | €27,430 | €25,681 | -€1,749 | -6.4% |
| Taxes | 450/3 | €14,251 | €18,323 | +€4,072 | +28.6% |
| Remuneration and social security | 454/9 | €13,179 | €7,358 | -€5,821 | -44.2% |
| Other amounts payable | 47/48 | €10,389 | €19,741 | +€9,352 | +90.0% |
| Accrued charges and deferred income | 492/3 | - | €205 | +€205 | |
| Remuneration, social security and pensions | 62 | €40,606 | €30,956 | -€9,651 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,175 | €12,000 | -€175 | -1.4% |
| Other operating charges | 640/8 | €1,592 | €3,992 | +€2,401 | +150.8% |
| Gross operating margin | 9900 | €83,162 | €31,307 | -€51,855 | -62.4% |
| Operating profit (loss) | 9901 | €28,789 | -€15,640 | -€44,430 | |
| Financial income | 75/76B | €0 | €1,458 | +€1,458 | +14580600.0% |
| Recurring financial income | 75 | €0 | €1,458 | +€1,458 | +14580600.0% |
| Financial charges | 65/66B | €978 | €4,918 | +€3,940 | +402.8% |
| Recurring financial charges | 65 | €978 | €4,918 | +€3,940 | +402.8% |
| Profit (loss) for the period before taxes | 9903 | €27,811 | -€19,101 | -€46,912 | |
| Income taxes | 67/77 | €9,500 | €4,196 | -€5,304 | -55.8% |
| Profit (loss) for the period | 9904 | €18,311 | -€23,297 | -€41,608 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,311 | -€23,297 | -€41,608 |
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 7 October 2026 via checked.be.