LD PROJECT: 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 PROJECT
Largest movements
- Receivables within one year +€1,513
up €1,513 (+125.0%), from €1,210 to €2,723
- Tangible fixed assets -€366
down €366 (-91.0%), from €402 to €36
- Deferred charges and accrued income +€86
new in 2025: €86
- Trade debts +€1,147
up €1,147 (+128.9%), from €890 to €2,037
- Tax, wage and social debts +€297
up €297 (+37.7%), from €788 to €1,084
- Profit (loss) carried forward -€223
down €223 (-2.1%), from -€10,369 to -€10,592
- Other debts +€37
up €37 (+0.5%), from €7,318 to €7,355
- Gross operating margin +€8,191
up €8,191, from -€7,544 to €647
- Other operating charges +€400
new in 2025: €400
- Financial charges -€79
down €79 (-43.0%), from €183 to €104
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 | €1,626 | €2,884 | +€1,258 | +77.3% |
| Fixed assets | 21/28 | €402 | €36 | -€366 | -91.0% |
| Tangible fixed assets | 22/27 | €402 | €36 | -€366 | -91.0% |
| Plant, machinery and equipment | 23 | €402 | €36 | -€366 | -91.0% |
| Current assets | 29/58 | €1,224 | €2,848 | +€1,624 | +132.6% |
| Amounts receivable within one year | 40/41 | €1,210 | €2,723 | +€1,513 | +125.0% |
| Trade receivables | 40 | €1,210 | €2,723 | +€1,513 | +125.0% |
| Cash at bank and in hand | 54/58 | €14 | €39 | +€25 | +178.9% |
| Deferred charges and accrued income | 490/1 | - | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €1,626 | €2,884 | +€1,258 | +77.3% |
| Equity | 10/15 | -€7,369 | -€7,592 | -€223 | -3.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,369 | -€10,592 | -€223 | -2.1% |
| Amounts payable | 17/49 | €8,996 | €10,476 | +€1,480 | +16.5% |
| Amounts payable within one year | 42/48 | €8,996 | €10,476 | +€1,480 | +16.5% |
| Trade debts | 44 | €890 | €2,037 | +€1,147 | +128.9% |
| Suppliers | 440/4 | €890 | €2,037 | +€1,147 | +128.9% |
| Taxes, remuneration and social security | 45 | €788 | €1,084 | +€297 | +37.7% |
| Taxes | 450/3 | €788 | €1,084 | +€297 | +37.7% |
| Other amounts payable | 47/48 | €7,318 | €7,355 | +€37 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €366 | = | 0.0% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€7,544 | €647 | +€8,191 | |
| Operating profit (loss) | 9901 | -€7,910 | -€119 | +€7,791 | +98.5% |
| Financial charges | 65/66B | €183 | €104 | -€79 | -43.0% |
| Recurring financial charges | 65 | €183 | €104 | -€79 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,093 | -€223 | +€7,870 | +97.2% |
| Profit (loss) for the period | 9904 | -€8,093 | -€223 | +€7,870 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,093 | -€223 | +€7,870 | +97.2% |
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.