LD STANDING: 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 STANDING
Largest movements
- Receivables within one year +€6,627
up €6,627 (+49.0%), from €13,529 to €20,156
- Cash +€5,943
up €5,943 (+332%), from €1,788 to €7,731
mainly Debts after one year (+€11,422) and Net result for the year (+€11,192)
- Deferred charges and accrued income +€3,181
up €3,181 (+942%), from €338 to €3,519
- Tangible fixed assets +€1,421
up €1,421 (+4.7%), from €30,470 to €31,891
of which Other tangible fixed assets: +€3,900
- Stocks and contracts +€742
up €742 (+27.5%), from €2,700 to €3,442
- Trade debts -€23,223
down €23,223 (-72.0%), from €32,263 to €9,040
- Debts after one year +€11,422
up €11,422 (+217%), from €5,255 to €16,677
- Profit (loss) carried forward +€11,192
up €11,192 (+46.1%), from -€24,286 to -€13,094
- Other debts +€9,977
new in 2025: €9,977
- Tax, wage and social debts +€5,113
up €5,113 (+55.1%), from €9,284 to €14,397
of which Taxes: +€3,858
- Gross operating margin +€23,197
up €23,197 (+126%), from €18,469 to €41,666
- Staff costs +€19,454
new in 2025: €19,454
- Depreciation +€5,160
up €5,160 (+224%), from €2,301 to €7,461
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 | €48,825 | €66,739 | +€17,914 | +36.7% |
| Fixed assets | 21/28 | €30,470 | €31,891 | +€1,421 | +4.7% |
| Tangible fixed assets | 22/27 | €30,470 | €31,891 | +€1,421 | +4.7% |
| Plant, machinery and equipment | 23 | €24,508 | €19,508 | -€5,000 | -20.4% |
| Furniture and vehicles | 24 | - | €2,521 | +€2,521 | |
| Other tangible fixed assets | 26 | €5,962 | €9,862 | +€3,900 | +65.4% |
| Current assets | 29/58 | €18,355 | €34,848 | +€16,493 | +89.9% |
| Stocks and contracts in progress | 3 | €2,700 | €3,442 | +€742 | +27.5% |
| Stocks | 30/36 | €2,700 | €3,442 | +€742 | +27.5% |
| Amounts receivable within one year | 40/41 | €13,529 | €20,156 | +€6,627 | +49.0% |
| Other amounts receivable | 41 | €13,529 | €20,156 | +€6,627 | +49.0% |
| Cash at bank and in hand | 54/58 | €1,788 | €7,731 | +€5,943 | +332% |
| Deferred charges and accrued income | 490/1 | €338 | €3,519 | +€3,181 | +942% |
| Total equity and liabilities | 10/49 | €48,825 | €66,739 | +€17,914 | +36.7% |
| Equity | 10/15 | -€5,686 | €5,506 | +€11,192 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,286 | -€13,094 | +€11,192 | +46.1% |
| Amounts payable | 17/49 | €54,510 | €61,233 | +€6,723 | +12.3% |
| Amounts payable after more than one year | 17 | €5,255 | €16,677 | +€11,422 | +217% |
| Financial debts | 170/4 | €5,255 | €16,677 | +€11,422 | +217% |
| Amounts payable within one year | 42/48 | €48,985 | €44,443 | -€4,542 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €5,938 | €8,970 | +€3,032 | +51.1% |
| Financial debts | 43 | €1,500 | €2,059 | +€559 | +37.3% |
| Credit institutions | 430/8 | €1,500 | €2,059 | +€559 | +37.3% |
| Trade debts | 44 | €32,263 | €9,040 | -€23,223 | -72.0% |
| Suppliers | 440/4 | €32,263 | €9,040 | -€23,223 | -72.0% |
| Taxes, remuneration and social security | 45 | €9,284 | €14,397 | +€5,113 | +55.1% |
| Taxes | 450/3 | €5,278 | €9,136 | +€3,858 | +73.1% |
| Remuneration and social security | 454/9 | €4,005 | €5,261 | +€1,256 | +31.4% |
| Other amounts payable | 47/48 | - | €9,977 | +€9,977 | |
| Accrued charges and deferred income | 492/3 | €271 | €114 | -€157 | -58.1% |
| Remuneration, social security and pensions | 62 | - | €19,454 | +€19,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,301 | €7,461 | +€5,160 | +224% |
| Other operating charges | 640/8 | €876 | €834 | -€42 | -4.8% |
| Non-recurring operating charges | 66A | €1,345 | €614 | -€731 | -54.3% |
| Gross operating margin | 9900 | €18,469 | €41,666 | +€23,197 | +126% |
| Operating profit (loss) | 9901 | €13,947 | €13,302 | -€644 | -4.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -88.2% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -88.2% |
| Financial charges | 65/66B | €1,822 | €2,056 | +€234 | +12.9% |
| Recurring financial charges | 65 | €1,822 | €2,056 | +€234 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €12,126 | €11,247 | -€879 | -7.3% |
| Income taxes | 67/77 | - | €55 | +€55 | |
| Profit (loss) for the period | 9904 | €12,126 | €11,192 | -€934 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,126 | €11,192 | -€934 | -7.7% |
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 15 October 2026 via checked.be.