LD WASH: 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 WASH
Largest movements
- Tangible fixed assets -€14,997
down €14,997 (-21.6%), from €69,312 to €54,315
of which Leasing and similar rights: -€15,640
- Cash +€7,228
up €7,228 (+32.9%), from €21,995 to €29,223
mainly Net result for the year (+€40,301) and Depreciation (+€18,352)
- Receivables within one year +€6,327
up €6,327 (+18.0%), from €35,083 to €41,410
of which Other amounts receivable: +€3,171
- Debts after one year -€14,785
down €14,785 (-33.5%), from €44,108 to €29,323
- Reserves +€7,301
up €7,301 (+19.9%), from €36,727 to €44,028
of which Distributable reserves: +€7,301
- Tax, wage and social debts +€3,415
up €3,415 (+30.4%), from €11,224 to €14,638
of which Taxes: +€2,753
- Trade debts +€2,193
up €2,193 (+109%), from €2,017 to €4,210
- Gross operating margin +€16,831
up €16,831 (+19.5%), from €86,157 to €102,988
- Taxes +€4,633
up €4,633 (+3,163%), from €146 to €4,780
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 | €126,750 | €125,524 | -€1,226 | -1.0% |
| Fixed assets | 21/28 | €69,447 | €54,451 | -€14,997 | -21.6% |
| Tangible fixed assets | 22/27 | €69,312 | €54,315 | -€14,997 | -21.6% |
| Plant, machinery and equipment | 23 | €5,213 | €6,561 | +€1,348 | +25.9% |
| Furniture and vehicles | 24 | €2,365 | €1,661 | -€704 | -29.8% |
| Leasing and similar rights | 25 | €61,183 | €45,543 | -€15,640 | -25.6% |
| Other tangible fixed assets | 26 | €550 | €550 | = | 0.0% |
| Financial fixed assets | 28 | €136 | €136 | = | 0.0% |
| Current assets | 29/58 | €57,303 | €71,073 | +€13,771 | +24.0% |
| Amounts receivable within one year | 40/41 | €35,083 | €41,410 | +€6,327 | +18.0% |
| Trade receivables | 40 | €3,702 | €6,858 | +€3,156 | +85.3% |
| Other amounts receivable | 41 | €31,381 | €34,553 | +€3,171 | +10.1% |
| Cash at bank and in hand | 54/58 | €21,995 | €29,223 | +€7,228 | +32.9% |
| Deferred charges and accrued income | 490/1 | €225 | €440 | +€215 | +95.8% |
| Total equity and liabilities | 10/49 | €126,750 | €125,524 | -€1,226 | -1.0% |
| Equity | 10/15 | €55,327 | €62,628 | +€7,301 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,727 | €44,028 | +€7,301 | +19.9% |
| Tax-exempt reserves | 132 | €4,180 | €4,180 | = | 0.0% |
| Distributable reserves | 133 | €32,547 | €39,848 | +€7,301 | +22.4% |
| Amounts payable | 17/49 | €71,423 | €62,896 | -€8,527 | -11.9% |
| Amounts payable after more than one year | 17 | €44,108 | €29,323 | -€14,785 | -33.5% |
| Financial debts | 170/4 | €44,108 | €29,323 | -€14,785 | -33.5% |
| Amounts payable within one year | 42/48 | €27,315 | €33,573 | +€6,257 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €14,075 | €14,375 | +€300 | +2.1% |
| Trade debts | 44 | €2,017 | €4,210 | +€2,193 | +109% |
| Suppliers | 440/4 | €2,017 | €4,210 | +€2,193 | +109% |
| Taxes, remuneration and social security | 45 | €11,224 | €14,638 | +€3,415 | +30.4% |
| Taxes | 450/3 | €5,905 | €8,658 | +€2,753 | +46.6% |
| Remuneration and social security | 454/9 | €5,319 | €5,980 | +€662 | +12.4% |
| Other amounts payable | 47/48 | - | €350 | +€350 | |
| Remuneration, social security and pensions | 62 | €35,601 | €36,065 | +€463 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,806 | €18,352 | +€546 | +3.1% |
| Other operating charges | 640/8 | €2,023 | €2,194 | +€172 | +8.5% |
| Non-recurring operating charges | 66A | €5,612 | - | -€5,612 | |
| Gross operating margin | 9900 | €86,157 | €102,988 | +€16,831 | +19.5% |
| Operating profit (loss) | 9901 | €25,115 | €46,377 | +€21,261 | +84.7% |
| Financial income | 75/76B | €2,587 | €1,618 | -€969 | -37.5% |
| Recurring financial income | 75 | €2,587 | €1,618 | -€969 | -37.5% |
| Financial charges | 65/66B | €3,005 | €2,914 | -€91 | -3.0% |
| Recurring financial charges | 65 | €3,005 | €2,914 | -€91 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €24,698 | €45,081 | +€20,383 | +82.5% |
| Income taxes | 67/77 | €146 | €4,780 | +€4,633 | +3,163% |
| Profit (loss) for the period | 9904 | €24,551 | €40,301 | +€15,750 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,551 | €40,301 | +€15,750 | +64.2% |
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 17 October 2026 via checked.be.