LD8: 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.
LD8
Largest movements
- Cash +€290,979
up €290,979 (+241%), from €120,723 to €411,702
mainly Net result for the year (+€225,418) and Tax, wage and social debts (+€70,572)
- Receivables within one year +€18,365
new in 2025: €18,365
- Tangible fixed assets +€13,499
new in 2025: €13,499
of which Furniture and vehicles: +€8,800
- Profit (loss) carried forward +€224,559
up €224,559 (+365%), from €61,573 to €286,132
- Tax, wage and social debts +€70,572
up €70,572 (+191%), from €36,929 to €107,501
- Provisions +€37,298
new in 2025: €37,298
- Trade debts -€8,485
down €8,485 (-45.1%), from €18,829 to €10,344
- Gross operating margin +€271,771
up €271,771 (+346%), from €78,517 to €350,288
- Taxes +€68,715
up €68,715 (+434%), from €15,847 to €84,562
- Provisions +€37,298
new in 2025: €37,298
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 | €121,818 | €445,377 | +€323,559 | +266% |
| Fixed assets | 21/28 | - | €13,499 | +€13,499 | |
| Tangible fixed assets | 22/27 | - | €13,499 | +€13,499 | |
| Plant, machinery and equipment | 23 | - | €1,708 | +€1,708 | |
| Furniture and vehicles | 24 | - | €8,800 | +€8,800 | |
| Other tangible fixed assets | 26 | - | €2,991 | +€2,991 | |
| Current assets | 29/58 | €121,818 | €431,878 | +€310,061 | +255% |
| Amounts receivable within one year | 40/41 | - | €18,365 | +€18,365 | |
| Other amounts receivable | 41 | - | €18,365 | +€18,365 | |
| Cash at bank and in hand | 54/58 | €120,723 | €411,702 | +€290,979 | +241% |
| Deferred charges and accrued income | 490/1 | €1,094 | €1,811 | +€717 | +65.6% |
| Total equity and liabilities | 10/49 | €121,818 | €445,377 | +€323,559 | +266% |
| Equity | 10/15 | €65,073 | €289,632 | +€224,559 | +345% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,573 | €286,132 | +€224,559 | +365% |
| Provisions and deferred taxes | 16 | - | €37,298 | +€37,298 | |
| Provisions for liabilities and charges | 160/5 | - | €37,298 | +€37,298 | |
| Other liabilities and charges | 164/5 | - | €37,298 | +€37,298 | |
| Amounts payable | 17/49 | €56,744 | €118,447 | +€61,703 | +109% |
| Amounts payable within one year | 42/48 | €56,744 | €118,447 | +€61,703 | +109% |
| Trade debts | 44 | €18,829 | €10,344 | -€8,485 | -45.1% |
| Suppliers | 440/4 | €18,829 | €10,344 | -€8,485 | -45.1% |
| Taxes, remuneration and social security | 45 | €36,929 | €107,501 | +€70,572 | +191% |
| Taxes | 450/3 | €36,929 | €107,501 | +€70,572 | +191% |
| Other amounts payable | 47/48 | €987 | €601 | -€385 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €665 | +€665 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €37,298 | +€37,298 | |
| Other operating charges | 640/8 | €256 | €455 | +€199 | +78.0% |
| Gross operating margin | 9900 | €78,517 | €350,288 | +€271,771 | +346% |
| Operating profit (loss) | 9901 | €78,261 | €311,870 | +€233,610 | +299% |
| Financial income | 75/76B | - | €870 | +€870 | |
| Recurring financial income | 75 | - | €870 | +€870 | |
| Financial charges | 65/66B | €7 | €2,760 | +€2,753 | +37,453% |
| Recurring financial charges | 65 | €7 | €2,760 | +€2,753 | +37,453% |
| Profit (loss) for the period before taxes | 9903 | €78,254 | €309,980 | +€231,727 | +296% |
| Income taxes | 67/77 | €15,847 | €84,562 | +€68,715 | +434% |
| Profit (loss) for the period | 9904 | €62,406 | €225,418 | +€163,012 | +261% |
| Profit (loss) for the period to be appropriated | 9905 | €62,406 | €225,418 | +€163,012 | +261% |
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 14 October 2026 via checked.be.