LD&U: 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&U
Largest movements
- Cash +€8,340
up €8,340 (+547.7%), from €1,523 to €9,863
mainly Net result for the year (+€3,049) and Other debts (+€2,794)
- Receivables within one year -€736
down €736 (-78.0%), from €944 to €208
of which Other amounts receivable: -€612
- Formation expenses -€590
down €590 (-31.1%), from €1,896 to €1,306
- Tangible fixed assets -€405
down €405 (-55.5%), from €730 to €325
- Intangible fixed assets -€390
down €390 (-20.5%), from €1,900 to €1,510
- Profit (loss) carried forward +€3,049
up €3,049 (+28.3%), from -€10,765 to -€7,716
- Other debts +€2,794
up €2,794 (+22.0%), from €12,712 to €15,506
- Trade debts +€484
new in 2025: €484
- Gross operating margin +€11,539
up €11,539, from -€6,980 to €4,559
- Depreciation +€340
up €340 (+32.5%), from €1,045 to €1,385
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
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 | €7,064 | €13,278 | +€6,214 | +88.0% |
| Formation expenses | 20 | €1,896 | €1,306 | -€590 | -31.1% |
| Fixed assets | 21/28 | €2,630 | €1,835 | -€795 | -30.2% |
| Intangible fixed assets | 21 | €1,900 | €1,510 | -€390 | -20.5% |
| Tangible fixed assets | 22/27 | €730 | €325 | -€405 | -55.5% |
| Furniture and vehicles | 24 | €730 | €325 | -€405 | -55.5% |
| Current assets | 29/58 | €2,538 | €10,137 | +€7,599 | +299.3% |
| Amounts receivable within one year | 40/41 | €944 | €208 | -€736 | -78.0% |
| Trade receivables | 40 | €124 | - | -€124 | |
| Other amounts receivable | 41 | €819 | €208 | -€612 | -74.6% |
| Cash at bank and in hand | 54/58 | €1,523 | €9,863 | +€8,340 | +547.7% |
| Deferred charges and accrued income | 490/1 | €72 | €66 | -€6 | -7.8% |
| Total equity and liabilities | 10/49 | €7,064 | €13,278 | +€6,214 | +88.0% |
| Equity | 10/15 | -€5,765 | -€2,716 | +€3,049 | +52.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,765 | -€7,716 | +€3,049 | +28.3% |
| Amounts payable | 17/49 | €12,830 | €15,994 | +€3,164 | +24.7% |
| Amounts payable within one year | 42/48 | €12,712 | €15,994 | +€3,282 | +25.8% |
| Trade debts | 44 | - | €484 | +€484 | |
| Suppliers | 440/4 | - | €484 | +€484 | |
| Taxes, remuneration and social security | 45 | - | €4 | +€4 | |
| Taxes | 450/3 | - | €4 | +€4 | |
| Other amounts payable | 47/48 | €12,712 | €15,506 | +€2,794 | +22.0% |
| Accrued charges and deferred income | 492/3 | €118 | - | -€118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €1,385 | +€340 | +32.5% |
| Other operating charges | 640/8 | €173 | €130 | -€43 | -25.0% |
| Gross operating margin | 9900 | -€6,980 | €4,559 | +€11,539 | |
| Operating profit (loss) | 9901 | -€8,198 | €3,044 | +€11,242 | |
| Financial income | 75/76B | €15 | €60 | +€45 | +297.7% |
| Recurring financial income | 75 | €15 | €60 | +€45 | +297.7% |
| Financial charges | 65/66B | €41 | €54 | +€13 | +31.4% |
| Recurring financial charges | 65 | €41 | €54 | +€13 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,224 | €3,049 | +€11,274 | |
| Profit (loss) for the period | 9904 | -€8,224 | €3,049 | +€11,274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,224 | €3,049 | +€11,274 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.