LDB: 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.
LDB
Largest movements
- Cash -€25,744
down €25,744 (-92.9%), from €27,723 to €1,979
mainly Net result for the year (-€26,339) and Trade debts (-€23,545)
- Tangible fixed assets -€1,336
down €1,336 (-39.5%), from €3,381 to €2,045
of which Furniture and vehicles: -€1,013
- Other debts +€33,285
up €33,285 (+141.1%), from €23,591 to €56,876
- Profit (loss) carried forward -€26,339
down €26,339 (-114.2%), from -€23,055 to -€49,394
- Trade debts -€23,545
down €23,545 (-95.6%), from €24,627 to €1,082
- Tax, wage and social debts -€10,266
no longer reported in 2025 (was €10,266)
of which Remuneration and social security: -€9,504
- Gross operating margin -€52,093
down €52,093 (-62.6%), from €83,264 to €31,171
- Staff costs -€22,675
down €22,675 (-31.5%), from €72,056 to €49,381
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 | €37,428 | €10,564 | -€26,865 | -71.8% |
| Fixed assets | 21/28 | €9,496 | €8,160 | -€1,336 | -14.1% |
| Tangible fixed assets | 22/27 | €3,381 | €2,045 | -€1,336 | -39.5% |
| Plant, machinery and equipment | 23 | €837 | €514 | -€323 | -38.6% |
| Furniture and vehicles | 24 | €2,544 | €1,531 | -€1,013 | -39.8% |
| Financial fixed assets | 28 | €6,115 | €6,115 | = | 0.0% |
| Current assets | 29/58 | €27,933 | €2,404 | -€25,529 | -91.4% |
| Amounts receivable within one year | 40/41 | €88 | €425 | +€337 | +381.3% |
| Other amounts receivable | 41 | €88 | €425 | +€337 | +381.3% |
| Cash at bank and in hand | 54/58 | €27,723 | €1,979 | -€25,744 | -92.9% |
| Deferred charges and accrued income | 490/1 | €122 | - | -€122 | |
| Total equity and liabilities | 10/49 | €37,428 | €10,564 | -€26,865 | -71.8% |
| Equity | 10/15 | -€21,055 | -€47,394 | -€26,339 | -125.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,055 | -€49,394 | -€26,339 | -114.2% |
| Amounts payable | 17/49 | €58,484 | €57,958 | -€526 | -0.9% |
| Amounts payable within one year | 42/48 | €58,484 | €57,958 | -€526 | -0.9% |
| Trade debts | 44 | €24,627 | €1,082 | -€23,545 | -95.6% |
| Suppliers | 440/4 | €24,627 | €1,082 | -€23,545 | -95.6% |
| Taxes, remuneration and social security | 45 | €10,266 | - | -€10,266 | |
| Taxes | 450/3 | €762 | - | -€762 | |
| Remuneration and social security | 454/9 | €9,504 | - | -€9,504 | |
| Other amounts payable | 47/48 | €23,591 | €56,876 | +€33,285 | +141.1% |
| Remuneration, social security and pensions | 62 | €72,056 | €49,381 | -€22,675 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,087 | €1,336 | +€248 | +22.8% |
| Other operating charges | 640/8 | €4,589 | €4,867 | +€278 | +6.1% |
| Gross operating margin | 9900 | €83,264 | €31,171 | -€52,093 | -62.6% |
| Operating profit (loss) | 9901 | €5,531 | -€24,413 | -€29,944 | |
| Financial charges | 65/66B | €2,194 | €1,926 | -€268 | -12.2% |
| Recurring financial charges | 65 | €2,194 | €1,926 | -€268 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €3,337 | -€26,339 | -€29,676 | |
| Profit (loss) for the period | 9904 | €3,337 | -€26,339 | -€29,676 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,337 | -€26,339 | -€29,676 |
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 9 October 2026 via checked.be.