LDAwans: 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.
LDAwans
Largest movements
- Tangible fixed assets +€245,776
up €245,776 (+379.5%), from €64,760 to €310,536
of which Assets under construction and advance payments: +€230,713
- Cash +€91,065
up €91,065 (+14657.4%), from €621 to €91,686
mainly Debts after one year (+€325,010) and Contributions, distributions and other (+€70,000)
- Receivables within one year +€13,766
up €13,766 (+62.8%), from €21,923 to €35,689
of which Trade receivables: +€33,909
- Formation expenses +€8,901
up €8,901 (+9.8%), from €91,005 to €99,906
- Debts after one year +€325,010
up €325,010 (+233.5%), from €139,200 to €464,210
of which Financial debts: +€325,010
- Contributions +€70,000
up €70,000 (+233.3%), from €30,000 to €100,000
- Profit (loss) carried forward -€43,456
down €43,456 (-182.6%), from -€23,795 to -€67,251
- Depreciation +€16,925
up €16,925 (+169.4%), from €9,991 to €26,916
- Financial income -€5,624
no longer reported in 2025 (was €5,624)
- Gross operating margin +€4,960
up €4,960 (+33.6%), from -€14,775 to -€9,814
- Financial charges +€4,568
up €4,568 (+8700.7%), from €53 to €4,620
- Other operating charges +€1,697
up €1,697 (+416.7%), from €407 to €2,105
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 | €178,310 | €537,817 | +€359,507 | +201.6% |
| Formation expenses | 20 | €91,005 | €99,906 | +€8,901 | +9.8% |
| Fixed assets | 21/28 | €64,760 | €310,536 | +€245,776 | +379.5% |
| Tangible fixed assets | 22/27 | €64,760 | €310,536 | +€245,776 | +379.5% |
| Land and buildings | 22 | €64,760 | €79,823 | +€15,063 | +23.3% |
| Assets under construction and advance payments | 27 | - | €230,713 | +€230,713 | |
| Current assets | 29/58 | €22,545 | €127,375 | +€104,831 | +465.0% |
| Amounts receivable within one year | 40/41 | €21,923 | €35,689 | +€13,766 | +62.8% |
| Trade receivables | 40 | - | €33,909 | +€33,909 | |
| Other amounts receivable | 41 | €21,923 | €1,780 | -€20,143 | -91.9% |
| Cash at bank and in hand | 54/58 | €621 | €91,686 | +€91,065 | +14657.4% |
| Total equity and liabilities | 10/49 | €178,310 | €537,817 | +€359,507 | +201.6% |
| Equity | 10/15 | €6,205 | €32,749 | +€26,544 | +427.8% |
| Contributions | 10/11 | €30,000 | €100,000 | +€70,000 | +233.3% |
| Profit (loss) carried forward | 14 | -€23,795 | -€67,251 | -€43,456 | -182.6% |
| Amounts payable | 17/49 | €172,105 | €505,068 | +€332,962 | +193.5% |
| Amounts payable after more than one year | 17 | €139,200 | €464,210 | +€325,010 | +233.5% |
| Financial debts | 170/4 | - | €325,010 | +€325,010 | |
| Other amounts payable | 178/9 | €139,200 | €139,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,905 | €40,858 | +€7,952 | +24.2% |
| Trade debts | 44 | €31,905 | €36,005 | +€4,100 | +12.8% |
| Suppliers | 440/4 | €31,905 | €36,005 | +€4,100 | +12.8% |
| Other amounts payable | 47/48 | €1,000 | €4,853 | +€3,853 | +385.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,991 | €26,916 | +€16,925 | +169.4% |
| Other operating charges | 640/8 | €407 | €2,105 | +€1,697 | +416.7% |
| Gross operating margin | 9900 | -€14,775 | -€9,814 | +€4,960 | +33.6% |
| Operating profit (loss) | 9901 | -€25,173 | -€38,835 | -€13,662 | -54.3% |
| Financial income | 75/76B | €5,624 | - | -€5,624 | |
| Recurring financial income | 75 | €5,624 | - | -€5,624 | |
| Financial charges | 65/66B | €53 | €4,620 | +€4,568 | +8700.7% |
| Recurring financial charges | 65 | €53 | €4,620 | +€4,568 | +8700.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,602 | -€43,456 | -€23,854 | -121.7% |
| Profit (loss) for the period | 9904 | -€19,602 | -€43,456 | -€23,854 | -121.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,602 | -€43,456 | -€23,854 | -121.7% |
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 6 October 2026 via checked.be.