LD Sourcing: 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 Sourcing
Largest movements
- Receivables within one year -€5,708
down €5,708 (-99.7%), from €5,724 to €16
of which Trade receivables: -€5,685
- Current investments +€4,230
up €4,230 (+10.9%), from €38,760 to €42,990
- Profit (loss) carried forward -€1,183
down €1,183 (-6.7%), from €17,715 to €16,531
- Trade debts -€552
down €552 (-57.3%), from €962 to €410
- Gross operating margin -€12,466
down €12,466, from €12,095 to -€371
- Taxes -€2,826
no longer reported in 2025 (was €2,826)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,003 | €43,268 | -€1,735 | -3.9% |
| Formation expenses | 20 | €519 | €262 | -€257 | -49.6% |
| Current assets | 29/58 | €44,484 | €43,006 | -€1,478 | -3.3% |
| Amounts receivable within one year | 40/41 | €5,724 | €16 | -€5,708 | -99.7% |
| Trade receivables | 40 | €5,685 | €0 | -€5,685 | -100.0% |
| Other amounts receivable | 41 | €39 | €16 | -€23 | -58.8% |
| Current investments | 50/53 | €38,760 | €42,990 | +€4,230 | +10.9% |
| Total equity and liabilities | 10/49 | €45,003 | €43,268 | -€1,735 | -3.9% |
| Equity | 10/15 | €42,715 | €41,531 | -€1,183 | -2.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,715 | €16,531 | -€1,183 | -6.7% |
| Amounts payable | 17/49 | €2,288 | €1,737 | -€552 | -24.1% |
| Amounts payable within one year | 42/48 | €2,288 | €1,737 | -€552 | -24.1% |
| Trade debts | 44 | €962 | €410 | -€552 | -57.3% |
| Suppliers | 440/4 | €962 | €410 | -€552 | -57.3% |
| Taxes, remuneration and social security | 45 | €1,326 | €1,326 | = | 0.0% |
| Taxes | 450/3 | €1,326 | €1,326 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | €257 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €12,095 | -€371 | -€12,466 | |
| Operating profit (loss) | 9901 | €11,451 | -€1,028 | -€12,478 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €145 | €155 | +€10 | +6.9% |
| Recurring financial charges | 65 | €145 | €155 | +€10 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €11,305 | -€1,183 | -€12,488 | |
| Income taxes | 67/77 | €2,826 | - | -€2,826 | |
| Profit (loss) for the period | 9904 | €8,479 | -€1,183 | -€9,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,479 | -€1,183 | -€9,662 |
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 7 October 2026 via checked.be.