LD TOITURES: 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 TOITURES
Largest movements
- Receivables within one year +€38,203
up €38,203 (+32.8%), from €116,344 to €154,548
of which Other amounts receivable: +€31,958
- Tangible fixed assets +€8,239
up €8,239 (+37.2%), from €22,134 to €30,372
of which Furniture and vehicles: +€6,384
- Cash -€4,899
down €4,899 (-99.8%), from €4,908 to €9
mainly Contributions, distributions and other (-€49,350) and Receivables within one year (-€38,203)
- Other debts +€49,350
new in 2025: €49,350
- Profit (loss) carried forward -€24,420
down €24,420 (-92.3%), from €26,467 to €2,047
- Reserves +€19,650
up €19,650 (+61.0%), from €32,210 to €51,860
of which Distributable reserves: +€21,510
- Tax, wage and social debts +€17,106
up €17,106 (+5,431%), from €315 to €17,421
- Trade debts -€7,112
down €7,112 (-17.2%), from €41,246 to €34,134
- Gross operating margin +€77,902
up €77,902 (+486%), from €16,043 to €93,945
- Taxes +€16,372
up €16,372 (+10,494%), from €156 to €16,528
- Financial charges +€11,801
up €11,801 (+227%), from €5,208 to €17,009
of which Non-recurring financial charges: +€11,402
- Other operating charges +€1,656
up €1,656 (+143%), from €1,155 to €2,811
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 | €143,463 | €186,067 | +€42,604 | +29.7% |
| Fixed assets | 21/28 | €22,211 | €30,449 | +€8,239 | +37.1% |
| Tangible fixed assets | 22/27 | €22,134 | €30,372 | +€8,239 | +37.2% |
| Plant, machinery and equipment | 23 | €4,569 | €6,423 | +€1,855 | +40.6% |
| Furniture and vehicles | 24 | €17,565 | €23,949 | +€6,384 | +36.3% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €121,252 | €155,618 | +€34,366 | +28.3% |
| Amounts receivable within one year | 40/41 | €116,344 | €154,548 | +€38,203 | +32.8% |
| Trade receivables | 40 | €47,014 | €53,258 | +€6,245 | +13.3% |
| Other amounts receivable | 41 | €69,331 | €101,289 | +€31,958 | +46.1% |
| Cash at bank and in hand | 54/58 | €4,908 | €9 | -€4,899 | -99.8% |
| Deferred charges and accrued income | 490/1 | - | €1,061 | +€1,061 | |
| Total equity and liabilities | 10/49 | €143,463 | €186,067 | +€42,604 | +29.7% |
| Equity | 10/15 | €74,877 | €70,107 | -€4,770 | -6.4% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €32,210 | €51,860 | +€19,650 | +61.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €30,350 | €51,860 | +€21,510 | +70.9% |
| Profit (loss) carried forward | 14 | €26,467 | €2,047 | -€24,420 | -92.3% |
| Amounts payable | 17/49 | €68,586 | €115,961 | +€47,374 | +69.1% |
| Amounts payable after more than one year | 17 | €6,305 | - | -€6,305 | |
| Financial debts | 170/4 | €6,305 | - | -€6,305 | |
| Amounts payable within one year | 42/48 | €62,281 | €115,961 | +€53,679 | +86.2% |
| Current portion of amounts payable after more than one year | 42 | €8,235 | €6,305 | -€1,930 | -23.4% |
| Financial debts | 43 | €12,485 | €8,751 | -€3,734 | -29.9% |
| Credit institutions | 430/8 | €12,485 | €8,751 | -€3,734 | -29.9% |
| Trade debts | 44 | €41,246 | €34,134 | -€7,112 | -17.2% |
| Suppliers | 440/4 | €41,246 | €34,134 | -€7,112 | -17.2% |
| Taxes, remuneration and social security | 45 | €315 | €17,421 | +€17,106 | +5,431% |
| Taxes | 450/3 | €315 | €17,421 | +€17,106 | +5,431% |
| Other amounts payable | 47/48 | - | €49,350 | +€49,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,395 | €13,019 | +€624 | +5.0% |
| Other operating charges | 640/8 | €1,155 | €2,811 | +€1,656 | +143% |
| Gross operating margin | 9900 | €16,043 | €93,945 | +€77,902 | +486% |
| Operating profit (loss) | 9901 | €2,493 | €78,115 | +€75,623 | +3,034% |
| Financial income | 75/76B | €58 | €2 | -€57 | -97.2% |
| Recurring financial income | 75 | €58 | €2 | -€57 | -97.2% |
| Financial charges | 65/66B | €5,208 | €17,009 | +€11,801 | +227% |
| Recurring financial charges | 65 | €5,208 | €5,607 | +€399 | +7.7% |
| Non-recurring financial charges | 66B | - | €11,402 | +€11,402 | |
| Profit (loss) for the period before taxes | 9903 | -€2,657 | €61,108 | +€63,765 | |
| Income taxes | 67/77 | €156 | €16,528 | +€16,372 | +10,494% |
| Profit (loss) for the period | 9904 | -€2,813 | €44,580 | +€47,393 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,813 | €44,580 | +€47,393 |
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 20 October 2026 via checked.be.