LD SOLUTION: 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 SOLUTION
Largest movements
- Cash -€47,715
down €47,715 (-26.6%), from €179,282 to €131,567
mainly Investment in fixed assets (net) (-€47,311) and Contributions, distributions and other (-€25,000)
- Tangible fixed assets +€38,711
up €38,711 (+206%), from €18,832 to €57,543
of which Furniture and vehicles: +€44,338
- Receivables within one year +€24,499
up €24,499 (+141%), from €17,433 to €41,932
of which Trade receivables: +€16,177
- Reserves +€12,695
up €12,695 (+7.7%), from €165,604 to €178,298
- Other debts -€5,694
down €5,694 (-17.5%), from €32,581 to €26,887
- Trade debts +€3,978
up €3,978 (+151%), from €2,638 to €6,616
- Tax, wage and social debts +€3,649
up €3,649 (+157%), from €2,323 to €5,972
of which Remuneration and social security: +€4,722
- Gross operating margin -€4,482
down €4,482 (-6.5%), from €68,875 to €64,392
- Other operating charges +€1,484
up €1,484 (+5,489%), from €27 to €1,511
- Taxes -€1,322
down €1,322 (-7.5%), from €17,699 to €16,376
- Depreciation +€1,032
up €1,032 (+13.6%), from €7,568 to €8,600
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.
Derived cash bridge
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 | €215,546 | €231,434 | +€15,887 | +7.4% |
| Fixed assets | 21/28 | €18,832 | €57,543 | +€38,711 | +206% |
| Tangible fixed assets | 22/27 | €18,832 | €57,543 | +€38,711 | +206% |
| Land and buildings | 22 | €790 | €26 | -€764 | -96.7% |
| Plant, machinery and equipment | 23 | €2,768 | €2,551 | -€217 | -7.8% |
| Furniture and vehicles | 24 | €1,167 | €45,506 | +€44,338 | +3,798% |
| Other tangible fixed assets | 26 | €14,106 | €9,460 | -€4,646 | -32.9% |
| Current assets | 29/58 | €196,715 | €173,891 | -€22,824 | -11.6% |
| Amounts receivable within one year | 40/41 | €17,433 | €41,932 | +€24,499 | +141% |
| Trade receivables | 40 | €17,132 | €33,309 | +€16,177 | +94.4% |
| Other amounts receivable | 41 | €301 | €8,623 | +€8,322 | +2,761% |
| Cash at bank and in hand | 54/58 | €179,282 | €131,567 | -€47,715 | -26.6% |
| Deferred charges and accrued income | 490/1 | - | €392 | +€392 | |
| Total equity and liabilities | 10/49 | €215,546 | €231,434 | +€15,887 | +7.4% |
| Equity | 10/15 | €178,004 | €190,698 | +€12,695 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,604 | €178,298 | +€12,695 | +7.7% |
| Distributable reserves | 133 | €165,604 | €178,298 | +€12,695 | +7.7% |
| Amounts payable | 17/49 | €37,543 | €40,736 | +€3,193 | +8.5% |
| Amounts payable within one year | 42/48 | €37,543 | €39,476 | +€1,933 | +5.1% |
| Trade debts | 44 | €2,638 | €6,616 | +€3,978 | +151% |
| Suppliers | 440/4 | €2,638 | €6,616 | +€3,978 | +151% |
| Taxes, remuneration and social security | 45 | €2,323 | €5,972 | +€3,649 | +157% |
| Taxes | 450/3 | €2,323 | €1,250 | -€1,073 | -46.2% |
| Remuneration and social security | 454/9 | - | €4,722 | +€4,722 | |
| Other amounts payable | 47/48 | €32,581 | €26,887 | -€5,694 | -17.5% |
| Accrued charges and deferred income | 492/3 | - | €1,260 | +€1,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,568 | €8,600 | +€1,032 | +13.6% |
| Other operating charges | 640/8 | €27 | €1,511 | +€1,484 | +5,489% |
| Non-recurring operating charges | 66A | €77 | - | -€77 | |
| Gross operating margin | 9900 | €68,875 | €64,392 | -€4,482 | -6.5% |
| Operating profit (loss) | 9901 | €61,202 | €54,282 | -€6,921 | -11.3% |
| Financial income | 75/76B | €9 | €7 | -€2 | -18.2% |
| Recurring financial income | 75 | €9 | €7 | -€2 | -18.2% |
| Financial charges | 65/66B | €166 | €218 | +€52 | +31.0% |
| Recurring financial charges | 65 | €166 | €218 | +€52 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €61,045 | €54,071 | -€6,974 | -11.4% |
| Income taxes | 67/77 | €17,699 | €16,376 | -€1,322 | -7.5% |
| Profit (loss) for the period | 9904 | €43,346 | €37,695 | -€5,652 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,346 | €37,695 | -€5,652 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.