LD CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€64,821
down €64,821 (-1.8%), from €3.6m to €3.5m
of which Land and buildings: -€72,150
- Profit (loss) carried forward -€37,483
down €37,483 (-16.1%), from -€233,236 to -€270,719
- Gross operating margin +€23,185
up €23,185 (+57.8%), from €40,102 to €63,287
- Financial charges -€11,071
down €11,071 (-97.8%), from €11,324 to €252
- Other operating charges +€5,213
up €5,213 (+38.8%), from €13,427 to €18,639
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,568,010 | €3,514,405 | -€53,606 | -1.5% |
| Fixed assets | 21/28 | €3,555,880 | €3,491,058 | -€64,821 | -1.8% |
| Tangible fixed assets | 22/27 | €3,555,880 | €3,491,058 | -€64,821 | -1.8% |
| Land and buildings | 22 | €3,507,850 | €3,435,700 | -€72,150 | -2.1% |
| Plant, machinery and equipment | 23 | €48,030 | €55,358 | +€7,329 | +15.3% |
| Current assets | 29/58 | €12,131 | €23,347 | +€11,216 | +92.5% |
| Amounts receivable within one year | 40/41 | €11,237 | €13,761 | +€2,524 | +22.5% |
| Trade receivables | 40 | €3,161 | €0 | -€3,161 | -100.0% |
| Other amounts receivable | 41 | €8,075 | €13,761 | +€5,685 | +70.4% |
| Cash at bank and in hand | 54/58 | €894 | €9,586 | +€8,692 | +971.9% |
| Total equity and liabilities | 10/49 | €3,568,010 | €3,514,405 | -€53,606 | -1.5% |
| Equity | 10/15 | €962,224 | €924,741 | -€37,483 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,162,672 | €1,148,484 | -€14,188 | -1.2% |
| Reserves | 13 | €14,188 | €28,376 | +€14,188 | +100.0% |
| Distributable reserves | 133 | €14,188 | €28,376 | +€14,188 | +100.0% |
| Profit (loss) carried forward | 14 | -€233,236 | -€270,719 | -€37,483 | -16.1% |
| Amounts payable | 17/49 | €2,605,786 | €2,589,663 | -€16,123 | -0.6% |
| Amounts payable within one year | 42/48 | €2,600,106 | €2,583,473 | -€16,633 | -0.6% |
| Trade debts | 44 | €2,010 | €6,675 | +€4,665 | +232.0% |
| Suppliers | 440/4 | €2,010 | €6,675 | +€4,665 | +232.0% |
| Taxes, remuneration and social security | 45 | €76 | €479 | +€403 | +526.8% |
| Taxes | 450/3 | €76 | €479 | +€403 | +526.8% |
| Other amounts payable | 47/48 | €2,598,019 | €2,576,319 | -€21,700 | -0.8% |
| Accrued charges and deferred income | 492/3 | €5,680 | €6,190 | +€510 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,401 | €82,417 | +€16 | 0.0% |
| Other operating charges | 640/8 | €13,427 | €18,639 | +€5,213 | +38.8% |
| Gross operating margin | 9900 | €40,102 | €63,287 | +€23,185 | +57.8% |
| Operating profit (loss) | 9901 | -€55,725 | -€37,769 | +€17,956 | +32.2% |
| Financial income | 75/76B | €87 | €539 | +€452 | +518.6% |
| Recurring financial income | 75 | €87 | €539 | +€452 | +518.6% |
| Financial charges | 65/66B | €11,324 | €252 | -€11,071 | -97.8% |
| Recurring financial charges | 65 | €11,324 | €252 | -€11,071 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | -€66,961 | -€37,483 | +€29,478 | +44.0% |
| Profit (loss) for the period | 9904 | -€66,961 | -€37,483 | +€29,478 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,961 | -€37,483 | +€29,478 | +44.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.