LDB: 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.
LDB
Largest movements
- Cash +€30,394
up €30,394 (+11.7%), from €259,136 to €289,530
mainly Net result for the year (+€20,388) and Receivables within one year (+€11,221)
- Receivables within one year -€11,221
down €11,221 (-75.8%), from €14,811 to €3,590
of which Other amounts receivable: -€9,429
- Current investments -€8,463
down €8,463 (-4.2%), from €202,125 to €193,662
- Tangible fixed assets +€8,449
up €8,449 (+1,286%), from €657 to €9,106
of which Furniture and vehicles: +€6,905
- Reserves +€20,388
up €20,388 (+4.5%), from €448,705 to €469,093
of which Distributable reserves: +€20,388
- Trade debts -€9,962
down €9,962 (-69.0%), from €14,439 to €4,477
- Gross operating margin +€2,780
up €2,780 (+9.1%), from €30,567 to €33,347
- Depreciation +€1,073
up €1,073 (+29,724%), from €4 to €1,077
- Financial income -€759
down €759 (-24.3%), from €3,130 to €2,371
- Financial charges -€620
down €620 (-29.1%), from €2,129 to €1,509
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 | €485,583 | €500,800 | +€15,216 | +3.1% |
| Fixed assets | 21/28 | €657 | €9,106 | +€8,449 | +1,286% |
| Tangible fixed assets | 22/27 | €657 | €9,106 | +€8,449 | +1,286% |
| Plant, machinery and equipment | 23 | €657 | €2,201 | +€1,544 | +235% |
| Furniture and vehicles | 24 | - | €6,905 | +€6,905 | |
| Current assets | 29/58 | €484,927 | €491,694 | +€6,767 | +1.4% |
| Stocks and contracts in progress | 3 | €8,854 | €4,911 | -€3,943 | -44.5% |
| Stocks | 30/36 | €8,854 | €4,911 | -€3,943 | -44.5% |
| Amounts receivable within one year | 40/41 | €14,811 | €3,590 | -€11,221 | -75.8% |
| Trade receivables | 40 | €5,383 | €3,590 | -€1,792 | -33.3% |
| Other amounts receivable | 41 | €9,429 | - | -€9,429 | |
| Current investments | 50/53 | €202,125 | €193,662 | -€8,463 | -4.2% |
| Cash at bank and in hand | 54/58 | €259,136 | €289,530 | +€30,394 | +11.7% |
| Total equity and liabilities | 10/49 | €485,583 | €500,800 | +€15,216 | +3.1% |
| Equity | 10/15 | €467,297 | €487,685 | +€20,388 | +4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €448,705 | €469,093 | +€20,388 | +4.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €446,846 | €467,234 | +€20,388 | +4.6% |
| Amounts payable | 17/49 | €18,286 | €13,115 | -€5,172 | -28.3% |
| Amounts payable within one year | 42/48 | €18,286 | €13,115 | -€5,172 | -28.3% |
| Trade debts | 44 | €14,439 | €4,477 | -€9,962 | -69.0% |
| Suppliers | 440/4 | €14,439 | €4,477 | -€9,962 | -69.0% |
| Taxes, remuneration and social security | 45 | €950 | €2,044 | +€1,094 | +115% |
| Taxes | 450/3 | €0 | €1,094 | +€1,094 | |
| Remuneration and social security | 454/9 | €950 | €950 | = | 0.0% |
| Other amounts payable | 47/48 | €2,897 | €6,593 | +€3,697 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €1,077 | +€1,073 | +29,724% |
| Other operating charges | 640/8 | €828 | €744 | -€84 | -10.1% |
| Gross operating margin | 9900 | €30,567 | €33,347 | +€2,780 | +9.1% |
| Operating profit (loss) | 9901 | €29,736 | €31,526 | +€1,791 | +6.0% |
| Financial income | 75/76B | €3,130 | €2,371 | -€759 | -24.3% |
| Recurring financial income | 75 | €3,130 | €2,371 | -€759 | -24.3% |
| Financial charges | 65/66B | €2,129 | €1,509 | -€620 | -29.1% |
| Recurring financial charges | 65 | €2,129 | €1,509 | -€620 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €30,736 | €32,388 | +€1,652 | +5.4% |
| Income taxes | 67/77 | €11,961 | €12,000 | +€39 | +0.3% |
| Profit (loss) for the period | 9904 | €18,775 | €20,388 | +€1,612 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,775 | €20,388 | +€1,612 | +8.6% |
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.