LD: 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.
LD
Largest movements
- Tangible fixed assets +€27,700
up €27,700 (+498.9%), from €5,552 to €33,253
of which Furniture and vehicles: +€32,728
- Cash +€24,276
up €24,276 (+24.3%), from €99,845 to €124,120
mainly Net result for the year (+€62,998) and Other debts (+€43,823)
- Other debts +€43,823
up €43,823 (+1586.6%), from €2,762 to €46,585
- Profit (loss) carried forward +€8,193
up €8,193 (+14.9%), from €54,805 to €62,998
- Tax, wage and social debts +€3,202
up €3,202 (+46.8%), from €6,847 to €10,049
- Trade debts -€2,292
down €2,292 (-99.2%), from €2,310 to €18
- Gross operating margin +€16,511
up €16,511 (+23.8%), from €69,336 to €85,847
- Depreciation +€5,592
up €5,592 (+640.1%), from €874 to €6,466
- Taxes +€2,394
up €2,394 (+17.2%), from €13,910 to €16,304
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 | €105,397 | €158,322 | +€52,926 | +50.2% |
| Fixed assets | 21/28 | €5,552 | €33,253 | +€27,700 | +498.9% |
| Tangible fixed assets | 22/27 | €5,552 | €33,253 | +€27,700 | +498.9% |
| Plant, machinery and equipment | 23 | €5,552 | €525 | -€5,028 | -90.5% |
| Furniture and vehicles | 24 | - | €32,728 | +€32,728 | |
| Current assets | 29/58 | €99,845 | €125,070 | +€25,225 | +25.3% |
| Amounts receivable within one year | 40/41 | - | €950 | +€950 | |
| Other amounts receivable | 41 | - | €950 | +€950 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €99,845 | €124,120 | +€24,276 | +24.3% |
| Total equity and liabilities | 10/49 | €105,397 | €158,322 | +€52,926 | +50.2% |
| Equity | 10/15 | €93,478 | €101,671 | +€8,193 | +8.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €36,673 | €36,673 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,673 | €36,673 | = | 0.0% |
| Other | 1319 | €36,673 | €36,673 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,805 | €62,998 | +€8,193 | +14.9% |
| Amounts payable | 17/49 | €11,919 | €56,652 | +€44,733 | +375.3% |
| Amounts payable within one year | 42/48 | €11,919 | €56,652 | +€44,733 | +375.3% |
| Trade debts | 44 | €2,310 | €18 | -€2,292 | -99.2% |
| Suppliers | 440/4 | €2,310 | €18 | -€2,292 | -99.2% |
| Taxes, remuneration and social security | 45 | €6,847 | €10,049 | +€3,202 | +46.8% |
| Taxes | 450/3 | €6,847 | €10,049 | +€3,202 | +46.8% |
| Other amounts payable | 47/48 | €2,762 | €46,585 | +€43,823 | +1586.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €874 | €6,466 | +€5,592 | +640.1% |
| Other operating charges | 640/8 | €77 | €663 | +€586 | +759.8% |
| Gross operating margin | 9900 | €69,336 | €85,847 | +€16,511 | +23.8% |
| Operating profit (loss) | 9901 | €68,385 | €78,718 | +€10,333 | +15.1% |
| Financial income | 75/76B | €491 | €626 | +€135 | +27.4% |
| Recurring financial income | 75 | €491 | €626 | +€135 | +27.4% |
| Financial charges | 65/66B | €161 | €42 | -€119 | -73.9% |
| Recurring financial charges | 65 | €161 | €42 | -€119 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €68,716 | €79,302 | +€10,586 | +15.4% |
| Income taxes | 67/77 | €13,910 | €16,304 | +€2,394 | +17.2% |
| Profit (loss) for the period | 9904 | €54,805 | €62,998 | +€8,193 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,805 | €62,998 | +€8,193 | +14.9% |
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 28 September 2026 via checked.be.