LD MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€224,577
up €224,577 (+82.6%), from €271,798 to €496,375
of which Trade receivables: +€195,727
- Cash +€159,578
up €159,578 (+40.7%), from €391,956 to €551,534
mainly Trade debts (+€321,568) and Depreciation (+€117,315)
- Tangible fixed assets -€91,291
down €91,291 (-22.5%), from €405,974 to €314,683
of which Other tangible fixed assets: -€90,348
- Stocks and contracts -€79,167
down €79,167 (-14.4%), from €548,882 to €469,716
- Trade debts +€321,568
up €321,568 (+32.6%), from €985,291 to €1.3m
- Debts after one year -€99,729
down €99,729 (-46.0%), from €216,684 to €116,954
- Profit (loss) carried forward +€62,984
up €62,984, from -€57,368 to €5,615
- Current portion of long-term debt -€50,960
down €50,960 (-30.9%), from €164,708 to €113,748
- Tax, wage and social debts -€22,693
down €22,693 (-21.9%), from €103,461 to €80,768
of which Taxes: -€15,068
- Gross operating margin +€47,476
up €47,476 (+5.8%), from €823,715 to €871,190
- Depreciation -€40,605
down €40,605 (-25.7%), from €157,920 to €117,315
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,659,351 | €1,881,950 | +€222,599 | +13.4% |
| Fixed assets | 21/28 | €412,331 | €315,245 | -€97,085 | -23.5% |
| Intangible fixed assets | 21 | €1,854 | €0 | -€1,854 | -100% |
| Tangible fixed assets | 22/27 | €405,974 | €314,683 | -€91,291 | -22.5% |
| Plant, machinery and equipment | 23 | €17,016 | €28,656 | +€11,640 | +68.4% |
| Furniture and vehicles | 24 | €5,330 | €4,014 | -€1,316 | -24.7% |
| Leasing and similar rights | 25 | €82,206 | €70,938 | -€11,268 | -13.7% |
| Other tangible fixed assets | 26 | €301,422 | €211,075 | -€90,348 | -30.0% |
| Financial fixed assets | 28 | €4,503 | €563 | -€3,940 | -87.5% |
| Current assets | 29/58 | €1,247,020 | €1,566,705 | +€319,684 | +25.6% |
| Stocks and contracts in progress | 3 | €548,882 | €469,716 | -€79,167 | -14.4% |
| Stocks | 30/36 | €548,882 | €469,716 | -€79,167 | -14.4% |
| Amounts receivable within one year | 40/41 | €271,798 | €496,375 | +€224,577 | +82.6% |
| Trade receivables | 40 | €234,460 | €430,187 | +€195,727 | +83.5% |
| Other amounts receivable | 41 | €37,337 | €66,188 | +€28,850 | +77.3% |
| Cash at bank and in hand | 54/58 | €391,956 | €551,534 | +€159,578 | +40.7% |
| Deferred charges and accrued income | 490/1 | €34,384 | €49,080 | +€14,697 | +42.7% |
| Total equity and liabilities | 10/49 | €1,659,351 | €1,881,950 | +€222,599 | +13.4% |
| Equity | 10/15 | €109,461 | €172,445 | +€62,984 | +57.5% |
| 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% |
| Reserves | 13 | €16,830 | €16,830 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,920 | €9,920 | = | 0.0% |
| Legal reserve | 130 | €9,920 | €9,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,910 | €6,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,368 | €5,615 | +€62,984 | |
| Amounts payable | 17/49 | €1,549,889 | €1,709,505 | +€159,616 | +10.3% |
| Amounts payable after more than one year | 17 | €216,684 | €116,954 | -€99,729 | -46.0% |
| Financial debts | 170/4 | €216,684 | €116,954 | -€99,729 | -46.0% |
| Amounts payable within one year | 42/48 | €1,333,025 | €1,586,980 | +€253,955 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €164,708 | €113,748 | -€50,960 | -30.9% |
| Trade debts | 44 | €985,291 | €1,306,859 | +€321,568 | +32.6% |
| Suppliers | 440/4 | €985,291 | €1,306,859 | +€321,568 | +32.6% |
| Taxes, remuneration and social security | 45 | €103,461 | €80,768 | -€22,693 | -21.9% |
| Taxes | 450/3 | €22,664 | €7,596 | -€15,068 | -66.5% |
| Remuneration and social security | 454/9 | €80,797 | €73,171 | -€7,626 | -9.4% |
| Other amounts payable | 47/48 | €79,565 | €85,606 | +€6,040 | +7.6% |
| Accrued charges and deferred income | 492/3 | €180 | €5,570 | +€5,390 | +2,987% |
| Remuneration, social security and pensions | 62 | €629,207 | €632,431 | +€3,223 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,920 | €117,315 | -€40,605 | -25.7% |
| Other operating charges | 640/8 | €2,531 | €8,527 | +€5,996 | +237% |
| Gross operating margin | 9900 | €823,715 | €871,190 | +€47,476 | +5.8% |
| Operating profit (loss) | 9901 | €34,056 | €112,918 | +€78,862 | +232% |
| Financial income | 75/76B | €543 | €2,118 | +€1,575 | +290% |
| Recurring financial income | 75 | €543 | €2,118 | +€1,575 | +290% |
| Financial charges | 65/66B | €47,017 | €44,220 | -€2,797 | -5.9% |
| Recurring financial charges | 65 | €47,017 | €44,220 | -€2,797 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,417 | €70,817 | +€83,234 | |
| Income taxes | 67/77 | €273 | €7,833 | +€7,560 | +2,770% |
| Profit (loss) for the period | 9904 | -€12,690 | €62,984 | +€75,674 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,690 | €62,984 | +€75,674 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.