LD Partners: 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 Partners
Largest movements
- Receivables after one year +€30,000
up €30,000 (+18.8%), from €160,000 to €190,000
- Current investments +€30,000
new in 2025: €30,000
- Tangible fixed assets -€15,193
down €15,193 (-28.0%), from €54,315 to €39,121
- Cash -€13,281
down €13,281 (-30.5%), from €43,499 to €30,218
mainly Receivables after one year (-€30,000) and Current investments (-€30,000)
- Receivables within one year +€5,785
up €5,785 (+23.8%), from €24,343 to €30,128
of which Other amounts receivable: +€5,260
- Reserves +€41,600
up €41,600 (+24.7%), from €168,620 to €210,220
of which Distributable reserves: +€41,600
- Debts after one year -€12,194
down €12,194 (-37.4%), from €32,604 to €20,410
- Tax, wage and social debts +€6,870
up €6,870 (+77.6%), from €8,848 to €15,719
- Taxes -€2,606
down €2,606 (-17.0%), from €15,346 to €12,740
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 | €284,967 | €319,736 | +€34,770 | +12.2% |
| Fixed assets | 21/28 | €54,315 | €39,121 | -€15,193 | -28.0% |
| Tangible fixed assets | 22/27 | €54,315 | €39,121 | -€15,193 | -28.0% |
| Furniture and vehicles | 24 | €54,315 | €39,121 | -€15,193 | -28.0% |
| Current assets | 29/58 | €230,652 | €280,615 | +€49,963 | +21.7% |
| Amounts receivable after more than one year | 29 | €160,000 | €190,000 | +€30,000 | +18.8% |
| Other amounts receivable | 291 | €160,000 | €190,000 | +€30,000 | +18.8% |
| Amounts receivable within one year | 40/41 | €24,343 | €30,128 | +€5,785 | +23.8% |
| Trade receivables | 40 | €18,189 | €18,714 | +€525 | +2.9% |
| Other amounts receivable | 41 | €6,154 | €11,414 | +€5,260 | +85.5% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €43,499 | €30,218 | -€13,281 | -30.5% |
| Deferred charges and accrued income | 490/1 | €2,811 | €270 | -€2,541 | -90.4% |
| Total equity and liabilities | 10/49 | €284,967 | €319,736 | +€34,770 | +12.2% |
| Equity | 10/15 | €228,332 | €270,031 | +€41,699 | +18.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €168,620 | €210,220 | +€41,600 | +24.7% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €168,000 | €209,600 | +€41,600 | +24.8% |
| Profit (loss) carried forward | 14 | €53,512 | €53,611 | +€99 | +0.2% |
| Amounts payable | 17/49 | €56,635 | €49,706 | -€6,929 | -12.2% |
| Amounts payable after more than one year | 17 | €32,604 | €20,410 | -€12,194 | -37.4% |
| Financial debts | 170/4 | €32,604 | €20,410 | -€12,194 | -37.4% |
| Amounts payable within one year | 42/48 | €24,031 | €29,296 | +€5,265 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €11,682 | €12,194 | +€512 | +4.4% |
| Trade debts | 44 | €3,501 | €1,090 | -€2,411 | -68.9% |
| Suppliers | 440/4 | €3,501 | €1,090 | -€2,411 | -68.9% |
| Taxes, remuneration and social security | 45 | €8,848 | €15,719 | +€6,870 | +77.6% |
| Taxes | 450/3 | €8,848 | €15,719 | +€6,870 | +77.6% |
| Other amounts payable | 47/48 | - | €293 | +€293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,322 | €16,235 | -€86 | -0.5% |
| Other operating charges | 640/8 | €1,065 | €1,123 | +€59 | +5.5% |
| Gross operating margin | 9900 | €70,255 | €70,021 | -€234 | -0.3% |
| Operating profit (loss) | 9901 | €52,868 | €52,662 | -€206 | -0.4% |
| Financial income | 75/76B | €2,903 | €3,495 | +€592 | +20.4% |
| Recurring financial income | 75 | €2,903 | €3,495 | +€592 | +20.4% |
| Financial charges | 65/66B | €2,208 | €1,718 | -€490 | -22.2% |
| Recurring financial charges | 65 | €2,208 | €1,718 | -€490 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €53,563 | €54,439 | +€876 | +1.6% |
| Income taxes | 67/77 | €15,346 | €12,740 | -€2,606 | -17.0% |
| Profit (loss) for the period | 9904 | €38,217 | €41,699 | +€3,482 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,217 | €41,699 | +€3,482 | +9.1% |
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 4 October 2026 via checked.be.