LD Warehousing: 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 Warehousing
Largest movements
- Receivables within one year +€78,664
up €78,664 (+148.4%), from €53,024 to €131,688
of which Trade receivables: +€77,914
- Cash -€15,637
down €15,637 (-23.7%), from €65,903 to €50,266
mainly Receivables within one year (-€78,664) and Current portion of long-term debt (-€15,319)
- Deferred charges and accrued income -€3,750
down €3,750 (-100.0%), from €3,750 to €0
- Tangible fixed assets -€2,072
down €2,072 (-30.4%), from €6,822 to €4,749
of which Plant, machinery and equipment: -€1,049
- Trade debts +€28,811
up €28,811 (+133.1%), from €21,652 to €50,463
- Tax, wage and social debts +€23,826
up €23,826 (+55.9%), from €42,587 to €66,413
of which Taxes: +€16,732
- Current portion of long-term debt -€15,319
down €15,319 (-100.0%), from €15,319 to €0
- Reserves +€10,286
up €10,286 (+26.5%), from €38,867 to €49,153
- Profit (loss) carried forward +€9,720
up €9,720, from -€9,720 to €0
- Gross operating margin +€86,193
up €86,193 (+30.2%), from €285,204 to €371,397
- Staff costs +€54,562
up €54,562 (+18.7%), from €291,135 to €345,696
- Taxes +€3,896
new in 2025: €3,896
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 | €129,499 | €186,704 | +€57,205 | +44.2% |
| Fixed assets | 21/28 | €6,822 | €4,749 | -€2,072 | -30.4% |
| Tangible fixed assets | 22/27 | €6,822 | €4,749 | -€2,072 | -30.4% |
| Plant, machinery and equipment | 23 | €3,846 | €2,798 | -€1,049 | -27.3% |
| Furniture and vehicles | 24 | €2,975 | €1,952 | -€1,023 | -34.4% |
| Current assets | 29/58 | €122,678 | €181,955 | +€59,277 | +48.3% |
| Amounts receivable within one year | 40/41 | €53,024 | €131,688 | +€78,664 | +148.4% |
| Trade receivables | 40 | €50,096 | €128,010 | +€77,914 | +155.5% |
| Other amounts receivable | 41 | €2,928 | €3,678 | +€750 | +25.6% |
| Cash at bank and in hand | 54/58 | €65,903 | €50,266 | -€15,637 | -23.7% |
| Deferred charges and accrued income | 490/1 | €3,750 | €0 | -€3,750 | -100.0% |
| Total equity and liabilities | 10/49 | €129,499 | €186,704 | +€57,205 | +44.2% |
| Equity | 10/15 | €47,747 | €67,753 | +€20,006 | +41.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,867 | €49,153 | +€10,286 | +26.5% |
| Distributable reserves | 133 | €38,867 | €49,153 | +€10,286 | +26.5% |
| Profit (loss) carried forward | 14 | -€9,720 | €0 | +€9,720 | |
| Amounts payable | 17/49 | €81,752 | €118,951 | +€37,199 | +45.5% |
| Amounts payable within one year | 42/48 | €81,752 | €118,951 | +€37,199 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €15,319 | €0 | -€15,319 | -100.0% |
| Financial debts | 43 | €2,073 | €2,075 | +€1 | +0.1% |
| Credit institutions | 430/8 | €2,073 | €2,075 | +€1 | +0.1% |
| Trade debts | 44 | €21,652 | €50,463 | +€28,811 | +133.1% |
| Suppliers | 440/4 | €21,652 | €50,463 | +€28,811 | +133.1% |
| Taxes, remuneration and social security | 45 | €42,587 | €66,413 | +€23,826 | +55.9% |
| Taxes | 450/3 | €24,911 | €41,643 | +€16,732 | +67.2% |
| Remuneration and social security | 454/9 | €17,676 | €24,770 | +€7,094 | +40.1% |
| Other amounts payable | 47/48 | €121 | €0 | -€121 | -100.0% |
| Remuneration, social security and pensions | 62 | €291,135 | €345,696 | +€54,562 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,286 | €2,072 | -€214 | -9.4% |
| Other operating charges | 640/8 | €1,136 | €1,190 | +€54 | +4.7% |
| Gross operating margin | 9900 | €285,204 | €371,397 | +€86,193 | +30.2% |
| Operating profit (loss) | 9901 | -€9,353 | €22,439 | +€31,792 | |
| Financial income | 75/76B | €101 | €1,879 | +€1,777 | +1757.1% |
| Recurring financial income | 75 | €101 | €1,879 | +€1,777 | +1757.1% |
| Financial charges | 65/66B | €468 | €416 | -€52 | -11.2% |
| Recurring financial charges | 65 | €468 | €416 | -€52 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,720 | €23,902 | +€33,622 | |
| Income taxes | 67/77 | - | €3,896 | +€3,896 | |
| Profit (loss) for the period | 9904 | -€9,720 | €20,006 | +€29,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,720 | €20,006 | +€29,726 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.