LD&J: 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&J
Largest movements
- Receivables within one year +€181,164
up €181,164 (+10835.2%), from €1,672 to €182,836
of which Other amounts receivable: +€152,020
- Cash -€134,224
down €134,224 (-65.6%), from €204,688 to €70,464
mainly Receivables within one year (-€181,164) and Other debts (-€5,204)
- Profit (loss) carried forward +€32,199
new in 2025: €32,199
- Tax, wage and social debts +€22,397
up €22,397 (+2023.2%), from €1,107 to €23,504
- Other debts -€5,204
no longer reported in 2025 (was €5,204)
- Gross operating margin +€49,125
up €49,125 (+38378.9%), from €128 to €49,253
- Taxes +€11,809
up €11,809 (+4456.2%), from €265 to €12,074
- Financial charges +€1,832
up €1,832 (+125.9%), from €1,455 to €3,287
- Depreciation +€614
up €614 (+68.5%), from €896 to €1,510
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 | €209,033 | €257,771 | +€48,738 | +23.3% |
| Fixed assets | 21/28 | €2,673 | €4,471 | +€1,798 | +67.3% |
| Tangible fixed assets | 22/27 | €2,673 | €4,471 | +€1,798 | +67.3% |
| Plant, machinery and equipment | 23 | €609 | - | -€609 | |
| Furniture and vehicles | 24 | €2,064 | €4,471 | +€2,407 | +116.6% |
| Current assets | 29/58 | €206,360 | €253,300 | +€46,940 | +22.7% |
| Amounts receivable within one year | 40/41 | €1,672 | €182,836 | +€181,164 | +10835.2% |
| Trade receivables | 40 | €1,672 | €30,816 | +€29,144 | +1743.1% |
| Other amounts receivable | 41 | - | €152,020 | +€152,020 | |
| Cash at bank and in hand | 54/58 | €204,688 | €70,464 | -€134,224 | -65.6% |
| Total equity and liabilities | 10/49 | €209,033 | €257,771 | +€48,738 | +23.3% |
| Equity | 10/15 | €200,590 | €232,789 | +€32,199 | +16.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €197,090 | €197,090 | = | 0.0% |
| Non-distributable reserves | 130/1 | €350 | - | -€350 | |
| Reserves not available under the articles | 1311 | €350 | - | -€350 | |
| Distributable reserves | 133 | €196,740 | €197,090 | +€350 | +0.2% |
| Profit (loss) carried forward | 14 | - | €32,199 | +€32,199 | |
| Amounts payable | 17/49 | €8,443 | €24,982 | +€16,539 | +195.9% |
| Amounts payable within one year | 42/48 | €6,527 | €23,880 | +€17,353 | +265.9% |
| Trade debts | 44 | €216 | €376 | +€160 | +74.1% |
| Suppliers | 440/4 | €216 | €376 | +€160 | +74.1% |
| Taxes, remuneration and social security | 45 | €1,107 | €23,504 | +€22,397 | +2023.2% |
| Taxes | 450/3 | €1,107 | €23,504 | +€22,397 | +2023.2% |
| Other amounts payable | 47/48 | €5,204 | - | -€5,204 | |
| Accrued charges and deferred income | 492/3 | €1,916 | €1,102 | -€814 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €896 | €1,510 | +€614 | +68.5% |
| Other operating charges | 640/8 | €255 | €183 | -€72 | -28.2% |
| Gross operating margin | 9900 | €128 | €49,253 | +€49,125 | +38378.9% |
| Operating profit (loss) | 9901 | -€1,023 | €47,560 | +€48,583 | |
| Financial charges | 65/66B | €1,455 | €3,287 | +€1,832 | +125.9% |
| Recurring financial charges | 65 | €1,455 | €3,287 | +€1,832 | +125.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,478 | €44,273 | +€46,751 | |
| Income taxes | 67/77 | €265 | €12,074 | +€11,809 | +4456.2% |
| Profit (loss) for the period | 9904 | -€2,743 | €32,199 | +€34,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,743 | €32,199 | +€34,942 |
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 6 October 2026 via checked.be.