LD Food: 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 Food
Largest movements
- Tangible fixed assets +€596,447
up €596,447 (+284%), from €210,143 to €806,590
of which Furniture and vehicles: +€387,380
- Receivables within one year +€576,295
up €576,295 (+1,102%), from €52,298 to €628,593
of which Trade receivables: +€542,478
- Deferred charges and accrued income +€150,939
up €150,939 (+6,649%), from €2,270 to €153,209
- Stocks and contracts -€125,414
down €125,414 (-30.4%), from €412,766 to €287,352
- Cash +€72,924
up €72,924 (+95.2%), from €76,597 to €149,522
mainly Trade debts (+€1.0m) and Other debts (+€465,488)
- Trade debts +€1.0m
up €1.0m (+75.8%), from €1.4m to €2.4m
- Other debts +€465,488
up €465,488 (+525%), from €88,737 to €554,225
- Profit (loss) carried forward -€83,063
down €83,063 (-7.3%), from -€1.1m to -€1.2m
- Current portion of long-term debt -€70,576
down €70,576 (-48.3%), from €146,080 to €75,504
- Debts after one year -€56,804
down €56,804 (-93.7%), from €60,604 to €3,800
of which Financial debts: -€56,804
- Gross operating margin +€1.0m
up €1.0m, from -€321,567 to €719,796
- Financial income -€523,445
down €523,445 (-95.1%), from €550,358 to €26,913
of which Non-recurring financial income: -€550,000
- Financial charges +€151,220
up €151,220 (+488%), from €31,004 to €182,224
of which Financial charges: +€100,654
- Depreciation +€70,883
up €70,883 (+57.2%), from €123,988 to €194,871
- Staff costs +€61,632
up €61,632 (+17.0%), from €363,449 to €425,081
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €754,074 | €2,047,624 | +€1.3m | +172% |
| Formation expenses | 20 | - | €18,732 | +€18,732 | |
| Fixed assets | 21/28 | €210,143 | €810,216 | +€600,073 | +286% |
| Tangible fixed assets | 22/27 | €210,143 | €806,590 | +€596,447 | +284% |
| Land and buildings | 22 | €15,798 | €154,482 | +€138,683 | +878% |
| Plant, machinery and equipment | 23 | €14,816 | €244,034 | +€229,218 | +1,547% |
| Furniture and vehicles | 24 | €20,694 | €408,074 | +€387,380 | +1,872% |
| Other tangible fixed assets | 26 | €158,835 | - | -€158,835 | |
| Financial fixed assets | 28 | - | €3,626 | +€3,626 | |
| Current assets | 29/58 | €543,931 | €1,218,676 | +€674,745 | +124% |
| Stocks and contracts in progress | 3 | €412,766 | €287,352 | -€125,414 | -30.4% |
| Stocks | 30/36 | €412,766 | €287,352 | -€125,414 | -30.4% |
| Amounts receivable within one year | 40/41 | €52,298 | €628,593 | +€576,295 | +1,102% |
| Trade receivables | 40 | €41,299 | €583,777 | +€542,478 | +1,314% |
| Other amounts receivable | 41 | €10,998 | €44,816 | +€33,817 | +307% |
| Cash at bank and in hand | 54/58 | €76,597 | €149,522 | +€72,924 | +95.2% |
| Deferred charges and accrued income | 490/1 | €2,270 | €153,209 | +€150,939 | +6,649% |
| Total equity and liabilities | 10/49 | €754,074 | €2,047,624 | +€1.3m | +172% |
| Equity | 10/15 | -€990,707 | -€1,073,770 | -€83,063 | -8.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,140,707 | -€1,223,770 | -€83,063 | -7.3% |
| Amounts payable | 17/49 | €1,744,781 | €3,121,394 | +€1.4m | +78.9% |
| Amounts payable after more than one year | 17 | €60,604 | €3,800 | -€56,804 | -93.7% |
| Financial debts | 170/4 | €56,804 | - | -€56,804 | |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,683,998 | €3,074,977 | +€1.4m | +82.6% |
| Current portion of amounts payable after more than one year | 42 | €146,080 | €75,504 | -€70,576 | -48.3% |
| Trade debts | 44 | €1,371,303 | €2,410,794 | +€1.0m | +75.8% |
| Suppliers | 440/4 | €1,371,303 | €2,410,794 | +€1.0m | +75.8% |
| Taxes, remuneration and social security | 45 | €77,879 | €34,455 | -€43,424 | -55.8% |
| Taxes | 450/3 | €43,253 | €250 | -€43,003 | -99.4% |
| Remuneration and social security | 454/9 | €34,626 | €34,205 | -€421 | -1.2% |
| Other amounts payable | 47/48 | €88,737 | €554,225 | +€465,488 | +525% |
| Accrued charges and deferred income | 492/3 | €180 | €42,617 | +€42,437 | +23,617% |
| Non-recurring operating income | 76A | - | €502,595 | +€502,595 | |
| Remuneration, social security and pensions | 62 | €363,449 | €425,081 | +€61,632 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,988 | €194,871 | +€70,883 | +57.2% |
| Other operating charges | 640/8 | €9,349 | €22,207 | +€12,858 | +138% |
| Non-recurring operating charges | 66A | - | €5,139 | +€5,139 | |
| Gross operating margin | 9900 | -€321,567 | €719,796 | +€1.0m | |
| Operating profit (loss) | 9901 | -€818,353 | €72,498 | +€890,851 | |
| Financial income | 75/76B | €550,358 | €26,913 | -€523,445 | -95.1% |
| Recurring financial income | 75 | €358 | €26,913 | +€26,555 | +7,421% |
| Non-recurring financial income | 76B | €550,000 | - | -€550,000 | |
| Financial charges | 65/66B | €31,004 | €182,224 | +€151,220 | +488% |
| Recurring financial charges | 65 | €31,004 | €131,658 | +€100,654 | +325% |
| Non-recurring financial charges | 66B | - | €50,566 | +€50,566 | |
| Profit (loss) for the period before taxes | 9903 | -€298,999 | -€82,813 | +€216,186 | +72.3% |
| Income taxes | 67/77 | - | €250 | +€250 | |
| Profit (loss) for the period | 9904 | -€298,999 | -€83,063 | +€215,936 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€298,999 | -€83,063 | +€215,936 | +72.2% |
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 31 October 2026 via checked.be.