LD VISION: 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 VISION
Largest movements
- Cash +€4,742
up €4,742 (+102.8%), from €4,614 to €9,357
mainly Other debts (+€16,685) and Depreciation (+€13,509)
- Tangible fixed assets +€4,707
up €4,707 (+5.2%), from €91,300 to €96,006
of which Other tangible fixed assets: +€14,839
- Receivables within one year -€3,704
down €3,704 (-6.0%), from €61,250 to €57,546
of which Trade receivables: -€3,705
- Other debts +€16,685
up €16,685 (+16.4%), from €101,447 to €118,132
- Trade debts -€14,535
down €14,535 (-40.6%), from €35,812 to €21,277
- Tax, wage and social debts +€4,665
up €4,665 (+225.3%), from €2,071 to €6,736
- Financial charges +€3,108
up €3,108 (+711.3%), from €437 to €3,545
- Depreciation +€2,171
up €2,171 (+19.1%), from €11,337 to €13,509
- Gross operating margin +€1,728
up €1,728 (+11.6%), from €14,863 to €16,591
- Other operating charges -€1,569
down €1,569 (-94.4%), from €1,662 to €93
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 | €157,164 | €162,909 | +€5,745 | +3.7% |
| Fixed assets | 21/28 | €91,300 | €96,006 | +€4,707 | +5.2% |
| Tangible fixed assets | 22/27 | €91,300 | €96,006 | +€4,707 | +5.2% |
| Land and buildings | 22 | €75,524 | €73,604 | -€1,920 | -2.5% |
| Furniture and vehicles | 24 | €10,363 | €2,151 | -€8,213 | -79.2% |
| Other tangible fixed assets | 26 | €5,413 | €20,252 | +€14,839 | +274.2% |
| Current assets | 29/58 | €65,864 | €66,903 | +€1,039 | +1.6% |
| Amounts receivable within one year | 40/41 | €61,250 | €57,546 | -€3,704 | -6.0% |
| Trade receivables | 40 | €61,250 | €57,545 | -€3,705 | -6.0% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €4,614 | €9,357 | +€4,742 | +102.8% |
| Total equity and liabilities | 10/49 | €157,164 | €162,909 | +€5,745 | +3.7% |
| Equity | 10/15 | €14,512 | €13,442 | -€1,070 | -7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,452 | €5,382 | -€1,070 | -16.6% |
| Amounts payable | 17/49 | €142,652 | €149,467 | +€6,815 | +4.8% |
| Amounts payable within one year | 42/48 | €142,652 | €149,467 | +€6,815 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €3,322 | €3,322 | = | 0.0% |
| Trade debts | 44 | €35,812 | €21,277 | -€14,535 | -40.6% |
| Suppliers | 440/4 | €35,812 | €21,277 | -€14,535 | -40.6% |
| Taxes, remuneration and social security | 45 | €2,071 | €6,736 | +€4,665 | +225.3% |
| Taxes | 450/3 | €2,071 | €6,736 | +€4,665 | +225.3% |
| Other amounts payable | 47/48 | €101,447 | €118,132 | +€16,685 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,337 | €13,509 | +€2,171 | +19.1% |
| Other operating charges | 640/8 | €1,662 | €93 | -€1,569 | -94.4% |
| Gross operating margin | 9900 | €14,863 | €16,591 | +€1,728 | +11.6% |
| Operating profit (loss) | 9901 | €1,864 | €2,989 | +€1,126 | +60.4% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €437 | €3,545 | +€3,108 | +711.3% |
| Recurring financial charges | 65 | €437 | €3,545 | +€3,108 | +711.3% |
| Profit (loss) for the period before taxes | 9903 | €1,427 | -€538 | -€1,965 | |
| Income taxes | 67/77 | €523 | €532 | +€9 | +1.8% |
| Profit (loss) for the period | 9904 | €904 | -€1,070 | -€1,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €904 | -€1,070 | -€1,974 |
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 1 October 2026 via checked.be.