LD Conseils: 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 Conseils
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€229,529
down €229,529 (-54.1%), from €424,333 to €194,803
mainly Current investments (-€250,000) and Trade debts (-€8,145)
- Receivables within one year +€6,822
up €6,822 (+16.3%), from €41,858 to €48,679
of which Other amounts receivable: +€4,703
- Reserves +€29,379
up €29,379 (+20.4%), from €144,089 to €173,469
of which Distributable reserves: +€29,379
- Trade debts -€8,145
down €8,145 (-59.7%), from €13,651 to €5,506
- Other debts +€7,485
up €7,485 (+11.9%), from €62,797 to €70,282
- Debts after one year -€7,169
down €7,169 (-41.8%), from €17,161 to €9,992
- Gross operating margin -€5,374
down €5,374 (-9.4%), from €57,333 to €51,959
- Depreciation -€2,288
down €2,288 (-23.1%), from €9,904 to €7,616
- Financial income +€2,092
new in 2025: €2,092
- Taxes +€744
up €744 (+5.1%), from €14,502 to €15,247
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 | €504,879 | €530,395 | +€25,516 | +5.1% |
| Fixed assets | 21/28 | €36,815 | €32,938 | -€3,877 | -10.5% |
| Tangible fixed assets | 22/27 | €35,893 | €32,016 | -€3,877 | -10.8% |
| Plant, machinery and equipment | 23 | €1,173 | €733 | -€440 | -37.5% |
| Furniture and vehicles | 24 | €28,070 | €24,633 | -€3,438 | -12.2% |
| Other tangible fixed assets | 26 | €6,650 | €6,650 | = | 0.0% |
| Financial fixed assets | 28 | €922 | €922 | = | 0.0% |
| Current assets | 29/58 | €468,064 | €497,457 | +€29,393 | +6.3% |
| Amounts receivable within one year | 40/41 | €41,858 | €48,679 | +€6,822 | +16.3% |
| Trade receivables | 40 | €41,858 | €43,976 | +€2,118 | +5.1% |
| Other amounts receivable | 41 | - | €4,703 | +€4,703 | |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €424,333 | €194,803 | -€229,529 | -54.1% |
| Deferred charges and accrued income | 490/1 | €1,874 | €3,974 | +€2,101 | +112.1% |
| Total equity and liabilities | 10/49 | €504,879 | €530,395 | +€25,516 | +5.1% |
| Equity | 10/15 | €392,819 | €422,199 | +€29,379 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €144,089 | €173,469 | +€29,379 | +20.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €142,229 | €171,609 | +€29,379 | +20.7% |
| Profit (loss) carried forward | 14 | €242,530 | €242,530 | = | 0.0% |
| Amounts payable | 17/49 | €112,060 | €108,196 | -€3,864 | -3.4% |
| Amounts payable after more than one year | 17 | €17,161 | €9,992 | -€7,169 | -41.8% |
| Financial debts | 170/4 | €17,161 | €9,992 | -€7,169 | -41.8% |
| Amounts payable within one year | 42/48 | €94,898 | €98,204 | +€3,306 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €6,902 | €7,169 | +€267 | +3.9% |
| Trade debts | 44 | €13,651 | €5,506 | -€8,145 | -59.7% |
| Suppliers | 440/4 | €13,651 | €5,506 | -€8,145 | -59.7% |
| Taxes, remuneration and social security | 45 | €11,548 | €15,247 | +€3,699 | +32.0% |
| Taxes | 450/3 | €11,548 | €15,247 | +€3,699 | +32.0% |
| Other amounts payable | 47/48 | €62,797 | €70,282 | +€7,485 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,904 | €7,616 | -€2,288 | -23.1% |
| Other operating charges | 640/8 | €618 | €638 | +€20 | +3.2% |
| Gross operating margin | 9900 | €57,333 | €51,959 | -€5,374 | -9.4% |
| Operating profit (loss) | 9901 | €46,811 | €43,705 | -€3,105 | -6.6% |
| Financial income | 75/76B | - | €2,092 | +€2,092 | |
| Recurring financial income | 75 | - | €2,092 | +€2,092 | |
| Financial charges | 65/66B | €1,287 | €1,171 | -€117 | -9.1% |
| Recurring financial charges | 65 | €1,287 | €1,171 | -€117 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €45,523 | €44,626 | -€897 | -2.0% |
| Income taxes | 67/77 | €14,502 | €15,247 | +€744 | +5.1% |
| Profit (loss) for the period | 9904 | €31,021 | €29,379 | -€1,642 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,021 | €29,379 | -€1,642 | -5.3% |
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 3 October 2026 via checked.be.