LD ADVIES: 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.
LD ADVIES
Largest movements
- Current investments +€9,495
up €9,495 (+1.7%), from €562,860 to €572,355
- Reserves +€10,214
up €10,214 (+1.5%), from €679,525 to €689,739
of which Distributable reserves: +€10,214
- Gross operating margin -€35,938
down €35,938 (-62.4%), from €57,570 to €21,633
- Taxes -€10,866
down €10,866 (-57.4%), from €18,934 to €8,068
- Financial charges -€3,614
down €3,614 (-78.7%), from €4,591 to €976
- Financial income +€872
up €872 (+22.9%), from €3,811 to €4,683
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 | €725,773 | €728,474 | +€2,701 | +0.4% |
| Fixed assets | 21/28 | €136,131 | €132,094 | -€4,037 | -3.0% |
| Tangible fixed assets | 22/27 | €136,131 | €132,094 | -€4,037 | -3.0% |
| Land and buildings | 22 | €126,040 | €124,797 | -€1,243 | -1.0% |
| Plant, machinery and equipment | 23 | €10,060 | €7,297 | -€2,763 | -27.5% |
| Furniture and vehicles | 24 | €31 | - | -€31 | |
| Current assets | 29/58 | €589,642 | €596,380 | +€6,738 | +1.1% |
| Amounts receivable within one year | 40/41 | €15,749 | €9,593 | -€6,156 | -39.1% |
| Trade receivables | 40 | €684 | - | -€684 | |
| Other amounts receivable | 41 | €15,065 | €9,593 | -€5,473 | -36.3% |
| Current investments | 50/53 | €562,860 | €572,355 | +€9,495 | +1.7% |
| Cash at bank and in hand | 54/58 | €11,033 | €14,432 | +€3,399 | +30.8% |
| Total equity and liabilities | 10/49 | €725,773 | €728,474 | +€2,701 | +0.4% |
| Equity | 10/15 | €699,938 | €710,152 | +€10,214 | +1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €679,525 | €689,739 | +€10,214 | +1.5% |
| Tax-exempt reserves | 132 | €23,791 | €23,791 | = | 0.0% |
| Distributable reserves | 133 | €655,734 | €665,948 | +€10,214 | +1.6% |
| Profit (loss) carried forward | 14 | €413 | €413 | = | 0.0% |
| Amounts payable | 17/49 | €25,836 | €18,322 | -€7,513 | -29.1% |
| Amounts payable within one year | 42/48 | €21,369 | €17,541 | -€3,828 | -17.9% |
| Trade debts | 44 | €4,099 | €2,844 | -€1,255 | -30.6% |
| Suppliers | 440/4 | €4,099 | €2,844 | -€1,255 | -30.6% |
| Taxes, remuneration and social security | 45 | €5,655 | €4,234 | -€1,422 | -25.1% |
| Taxes | 450/3 | €5,655 | €4,234 | -€1,422 | -25.1% |
| Other amounts payable | 47/48 | €11,615 | €10,463 | -€1,152 | -9.9% |
| Accrued charges and deferred income | 492/3 | €4,466 | €782 | -€3,685 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,561 | €4,037 | +€476 | +13.4% |
| Other operating charges | 640/8 | €3,503 | €3,020 | -€483 | -13.8% |
| Gross operating margin | 9900 | €57,570 | €21,633 | -€35,938 | -62.4% |
| Operating profit (loss) | 9901 | €50,506 | €14,576 | -€35,930 | -71.1% |
| Financial income | 75/76B | €3,811 | €4,683 | +€872 | +22.9% |
| Recurring financial income | 75 | €3,811 | €4,683 | +€872 | +22.9% |
| Financial charges | 65/66B | €4,591 | €976 | -€3,614 | -78.7% |
| Recurring financial charges | 65 | €4,591 | €976 | -€3,614 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €49,726 | €18,283 | -€31,444 | -63.2% |
| Income taxes | 67/77 | €18,934 | €8,068 | -€10,866 | -57.4% |
| Profit (loss) for the period | 9904 | €30,792 | €10,214 | -€20,578 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,792 | €10,214 | -€20,578 | -66.8% |
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 24 October 2026 via checked.be.