LD NOT: 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 NOT
Largest movements
- Tangible fixed assets -€17,905
down €17,905 (-32.1%), from €55,836 to €37,931
of which Furniture and vehicles: -€18,251
- Cash +€17,761
up €17,761 (+20.7%), from €85,852 to €103,613
mainly Net result for the year (+€53,333) and Depreciation (+€19,104)
- Deferred charges and accrued income +€2,989
up €2,989 (+139.8%), from €2,139 to €5,128
- Receivables within one year +€2,822
up €2,822 (+22.6%), from €12,508 to €15,331
of which Trade receivables: +€15,125
- Reserves +€53,333
up €53,333 (+712.8%), from €7,482 to €60,815
- Other debts -€48,801
down €48,801 (-35.0%), from €139,276 to €90,475
- Gross operating margin +€55,062
up €55,062 (+154.0%), from €35,744 to €90,805
- Taxes +€9,303
up €9,303 (+124.2%), from €7,492 to €16,794
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 | €156,335 | €162,003 | +€5,667 | +3.6% |
| Fixed assets | 21/28 | €55,836 | €37,931 | -€17,905 | -32.1% |
| Tangible fixed assets | 22/27 | €55,836 | €37,931 | -€17,905 | -32.1% |
| Plant, machinery and equipment | 23 | €1,306 | €1,652 | +€346 | +26.5% |
| Furniture and vehicles | 24 | €54,530 | €36,279 | -€18,251 | -33.5% |
| Current assets | 29/58 | €100,499 | €124,071 | +€23,572 | +23.5% |
| Amounts receivable within one year | 40/41 | €12,508 | €15,331 | +€2,822 | +22.6% |
| Trade receivables | 40 | - | €15,125 | +€15,125 | |
| Other amounts receivable | 41 | €12,508 | €206 | -€12,303 | -98.4% |
| Cash at bank and in hand | 54/58 | €85,852 | €103,613 | +€17,761 | +20.7% |
| Deferred charges and accrued income | 490/1 | €2,139 | €5,128 | +€2,989 | +139.8% |
| Total equity and liabilities | 10/49 | €156,335 | €162,003 | +€5,667 | +3.6% |
| Equity | 10/15 | €9,982 | €63,315 | +€53,333 | +534.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,482 | €60,815 | +€53,333 | +712.8% |
| Distributable reserves | 133 | €7,482 | €60,815 | +€53,333 | +712.8% |
| Amounts payable | 17/49 | €146,353 | €98,688 | -€47,665 | -32.6% |
| Amounts payable within one year | 42/48 | €146,353 | €98,688 | -€47,665 | -32.6% |
| Trade debts | 44 | - | €568 | +€568 | |
| Suppliers | 440/4 | - | €568 | +€568 | |
| Taxes, remuneration and social security | 45 | €7,077 | €7,645 | +€568 | +8.0% |
| Taxes | 450/3 | €7,077 | €7,645 | +€568 | +8.0% |
| Other amounts payable | 47/48 | €139,276 | €90,475 | -€48,801 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,860 | €19,104 | +€244 | +1.3% |
| Other operating charges | 640/8 | €1,870 | €1,535 | -€336 | -17.9% |
| Gross operating margin | 9900 | €35,744 | €90,805 | +€55,062 | +154.0% |
| Operating profit (loss) | 9901 | €15,013 | €70,167 | +€55,154 | +367.4% |
| Financial income | 75/76B | €0 | €1 | +€0 | +4900.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +4900.0% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.4% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €14,974 | €70,127 | +€55,153 | +368.3% |
| Income taxes | 67/77 | €7,492 | €16,794 | +€9,303 | +124.2% |
| Profit (loss) for the period | 9904 | €7,482 | €53,333 | +€45,850 | +612.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,482 | €53,333 | +€45,850 | +612.8% |
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 5 October 2026 via checked.be.