LD GROUP: 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 GROUP
Largest movements
- Cash -€8,146
down €8,146 (-62.1%), from €13,107 to €4,962
mainly Receivables within one year (-€5,052) and Net result for the year (-€1,884)
- Receivables within one year +€5,052
up €5,052 (+94.2%), from €5,363 to €10,415
of which Trade receivables: +€3,630
- Reserves -€1,884
down €1,884 (-54.2%), from €3,474 to €1,591
of which Distributable reserves: -€1,888
- Other debts -€1,278
no longer reported in 2025 (was €1,278)
- Gross operating margin -€4,512
down €4,512, from €3,195 to -€1,317
- Taxes -€756
no longer reported in 2025 (was €756)
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 | €18,470 | €15,377 | -€3,093 | -16.7% |
| Current assets | 29/58 | €18,470 | €15,377 | -€3,093 | -16.7% |
| Amounts receivable within one year | 40/41 | €5,363 | €10,415 | +€5,052 | +94.2% |
| Trade receivables | 40 | €4,951 | €8,581 | +€3,630 | +73.3% |
| Other amounts receivable | 41 | €411 | €1,834 | +€1,422 | +345.6% |
| Cash at bank and in hand | 54/58 | €13,107 | €4,962 | -€8,146 | -62.1% |
| Total equity and liabilities | 10/49 | €18,470 | €15,377 | -€3,093 | -16.7% |
| Equity | 10/15 | €15,874 | €13,991 | -€1,884 | -11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,474 | €1,591 | -€1,884 | -54.2% |
| Non-distributable reserves | 130/1 | - | €5 | +€5 | |
| Other | 1319 | - | €5 | +€5 | |
| Distributable reserves | 133 | €3,474 | €1,586 | -€1,888 | -54.3% |
| Amounts payable | 17/49 | €2,595 | €1,386 | -€1,210 | -46.6% |
| Amounts payable within one year | 42/48 | €2,595 | €1,386 | -€1,210 | -46.6% |
| Taxes, remuneration and social security | 45 | €1,317 | €1,386 | +€69 | +5.2% |
| Taxes | 450/3 | €1,317 | €1,386 | +€69 | +5.2% |
| Other amounts payable | 47/48 | €1,278 | - | -€1,278 | |
| Other operating charges | 640/8 | €433 | €462 | +€29 | +6.6% |
| Gross operating margin | 9900 | €3,195 | -€1,317 | -€4,512 | |
| Operating profit (loss) | 9901 | €2,762 | -€1,779 | -€4,541 | |
| Financial charges | 65/66B | €119 | €105 | -€14 | -11.4% |
| Recurring financial charges | 65 | €119 | €105 | -€14 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €2,644 | -€1,884 | -€4,527 | |
| Income taxes | 67/77 | €756 | - | -€756 | |
| Profit (loss) for the period | 9904 | €1,888 | -€1,884 | -€3,772 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,888 | -€1,884 | -€3,772 |
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 7 October 2026 via checked.be.