LDAR: 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.
LDAR
Largest movements
- Receivables within one year +€17,594
up €17,594 (+33.9%), from €51,925 to €69,519
of which Other amounts receivable: +€11,619
- Tangible fixed assets -€6,670
down €6,670 (-48.3%), from €13,797 to €7,127
- Reserves +€19,000
up €19,000 (+29.2%), from €65,000 to €84,000
- Trade debts -€6,434
down €6,434 (-84.8%), from €7,588 to €1,153
- Tax, wage and social debts -€5,449
down €5,449 (-88.8%), from €6,138 to €689
- Profit (loss) carried forward +€3,017
up €3,017 (+3.3%), from €91,432 to €94,449
- Gross operating margin -€3,196
down €3,196 (-7.9%), from €40,361 to €37,165
- Taxes -€2,972
down €2,972 (-23.4%), from €12,709 to €9,738
- Financial income +€592
up €592 (+33.7%), from €1,758 to €2,350
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 | €178,222 | €188,356 | +€10,134 | +5.7% |
| Fixed assets | 21/28 | €14,979 | €8,309 | -€6,670 | -44.5% |
| Tangible fixed assets | 22/27 | €13,797 | €7,127 | -€6,670 | -48.3% |
| Furniture and vehicles | 24 | €13,797 | €7,127 | -€6,670 | -48.3% |
| Financial fixed assets | 28 | €1,183 | €1,183 | = | 0.0% |
| Current assets | 29/58 | €163,243 | €180,047 | +€16,804 | +10.3% |
| Amounts receivable within one year | 40/41 | €51,925 | €69,519 | +€17,594 | +33.9% |
| Trade receivables | 40 | €18,793 | €24,769 | +€5,975 | +31.8% |
| Other amounts receivable | 41 | €33,131 | €44,751 | +€11,619 | +35.1% |
| Cash at bank and in hand | 54/58 | €110,517 | €109,707 | -€809 | -0.7% |
| Deferred charges and accrued income | 490/1 | €802 | €820 | +€19 | +2.4% |
| Total equity and liabilities | 10/49 | €178,222 | €188,356 | +€10,134 | +5.7% |
| Equity | 10/15 | €164,497 | €186,514 | +€22,017 | +13.4% |
| Contributions | 10/11 | €8,065 | €8,065 | = | 0.0% |
| Reserves | 13 | €65,000 | €84,000 | +€19,000 | +29.2% |
| Distributable reserves | 133 | €65,000 | €84,000 | +€19,000 | +29.2% |
| Profit (loss) carried forward | 14 | €91,432 | €94,449 | +€3,017 | +3.3% |
| Amounts payable | 17/49 | €13,726 | €1,843 | -€11,883 | -86.6% |
| Amounts payable within one year | 42/48 | €13,726 | €1,843 | -€11,883 | -86.6% |
| Trade debts | 44 | €7,588 | €1,153 | -€6,434 | -84.8% |
| Suppliers | 440/4 | €7,588 | €1,153 | -€6,434 | -84.8% |
| Taxes, remuneration and social security | 45 | €6,138 | €689 | -€5,449 | -88.8% |
| Taxes | 450/3 | €6,138 | €689 | -€5,449 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,670 | €6,670 | = | 0.0% |
| Other operating charges | 640/8 | €896 | €916 | +€20 | +2.2% |
| Gross operating margin | 9900 | €40,361 | €37,165 | -€3,196 | -7.9% |
| Operating profit (loss) | 9901 | €32,795 | €29,579 | -€3,216 | -9.8% |
| Financial income | 75/76B | €1,758 | €2,350 | +€592 | +33.7% |
| Recurring financial income | 75 | €1,758 | €2,350 | +€592 | +33.7% |
| Financial charges | 65/66B | €121 | €174 | +€53 | +44.0% |
| Recurring financial charges | 65 | €121 | €174 | +€53 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €34,432 | €31,755 | -€2,678 | -7.8% |
| Income taxes | 67/77 | €12,709 | €9,738 | -€2,972 | -23.4% |
| Profit (loss) for the period | 9904 | €21,723 | €22,017 | +€294 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,723 | €22,017 | +€294 | +1.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.