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LD TECHNIC: 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.

What changed

LD TECHNIC

BE 0823.176.048
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€118,313
2024 · €113,183+€5,130
Equity
€469,754
2024 · €526,442-€56,687
Cash
€666,979
2024 · €687,869-€20,891
Balance sheet total
€749,417
2024 · €765,408-€15,991

Largest movements

2024 to 2025
Assets
  • Cash -€20,891

    down €20,891 (-3.0%), from €687,869 to €666,979

    mainly Contributions, distributions and other (-€175,000) and Other debts (-€28,708)

Equity and liabilities
  • Provisions +€95,080

    up €95,080 (+285.6%), from €33,289 to €128,369

  • Reserves -€50,000

    down €50,000 (-11.4%), from €436,860 to €386,860

    of which Non-distributable reserves: -€50,000

  • Other debts -€28,708

    down €28,708 (-22.5%), from €127,841 to €99,133

  • Tax, wage and social debts -€26,549

    down €26,549 (-35.0%), from €75,947 to €49,398

Income statement
  • Gross operating margin +€16,491

    up €16,491 (+10.3%), from €159,344 to €175,836

  • Taxes +€11,273

    up €11,273 (+24.9%), from €45,279 to €56,552

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €113,183
Gross operating margin +€16,491
Depreciation +€29
Other operating charges -€85
Financial income -€55
Financial charges +€22
Taxes -€11,273
Result 2025 €118,313

Cash bridge derived

cash 2024 to 2025

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.

From operations +€154,109
Investment €0
Financing -€175,000
Cash 2024 €687,869
Net result for the year +€118,313
Receivables within one year -€4,900
Provisions +€95,080
Trade debts +€873
Tax, wage and social debts -€26,549
Other debts -€28,708
Contributions, distributions and other -€175,000
Cash 2025 €666,979
Every line side by side 43 lines
Line Code 2024 2025 Change %
Total assets 20/58 €765,408 €749,417 -€15,991 -2.1%
Fixed assets 21/28 €0 - =
Tangible fixed assets 22/27 €0 - =
Furniture and vehicles 24 €0 - =
Leasing and similar rights 25 €0 - =
Current assets 29/58 €765,408 €749,417 -€15,991 -2.1%
Amounts receivable within one year 40/41 €77,538 €82,438 +€4,900 +6.3%
Trade receivables 40 €77,538 €82,438 +€4,900 +6.3%
Other amounts receivable 41 €0 - =
Current investments 50/53 - €0 =
Cash at bank and in hand 54/58 €687,869 €666,979 -€20,891 -3.0%
Total equity and liabilities 10/49 €765,408 €749,417 -€15,991 -2.1%
Equity 10/15 €526,442 €469,754 -€56,687 -10.8%
Contributions 10/11 €18,600 €18,600 = 0.0%
Outside capital 11 €18,600 €18,600 = 0.0%
Other 1109/19 €18,600 €18,600 = 0.0%
Reserves 13 €436,860 €386,860 -€50,000 -11.4%
Non-distributable reserves 130/1 €435,000 €385,000 -€50,000 -11.5%
Other 1319 €435,000 €385,000 -€50,000 -11.5%
Distributable reserves 133 €1,860 €1,860 = 0.0%
Profit (loss) carried forward 14 €70,982 €64,294 -€6,687 -9.4%
Provisions and deferred taxes 16 €33,289 €128,369 +€95,080 +285.6%
Provisions for liabilities and charges 160/5 €33,289 €128,369 +€95,080 +285.6%
Pensions and similar obligations 160 €33,289 €128,369 +€95,080 +285.6%
Amounts payable 17/49 €205,677 €151,293 -€54,384 -26.4%
Amounts payable within one year 42/48 €205,677 €151,293 -€54,384 -26.4%
Trade debts 44 €1,890 €2,762 +€873 +46.2%
Suppliers 440/4 €1,890 €2,762 +€873 +46.2%
Taxes, remuneration and social security 45 €75,947 €49,398 -€26,549 -35.0%
Taxes 450/3 €75,947 €49,398 -€26,549 -35.0%
Other amounts payable 47/48 €127,841 €99,133 -€28,708 -22.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €29 - -€29
Other operating charges 640/8 €778 €863 +€85 +10.9%
Gross operating margin 9900 €159,344 €175,836 +€16,491 +10.3%
Operating profit (loss) 9901 €158,537 €174,973 +€16,435 +10.4%
Financial income 75/76B €66 €11 -€55 -83.1%
Recurring financial income 75 €66 €11 -€55 -83.1%
Financial charges 65/66B €141 €119 -€22 -15.8%
Recurring financial charges 65 €141 €119 -€22 -15.8%
Profit (loss) for the period before taxes 9903 €158,462 €174,865 +€16,403 +10.4%
Income taxes 67/77 €45,279 €56,552 +€11,273 +24.9%
Profit (loss) for the period 9904 €113,183 €118,313 +€5,130 +4.5%
Profit (loss) for the period to be appropriated 9905 €113,183 €118,313 +€5,130 +4.5%

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 28 September 2026 via checked.be.