LDB Law: 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 Law
Largest movements
- Cash +€36,387
up €36,387 (+46.2%), from €78,723 to €115,110
mainly Net result for the year (+€30,886) and Tax, wage and social debts (+€3,296)
- Reserves +€30,886
up €30,886 (+49.8%), from €62,042 to €92,927
- Tax, wage and social debts +€3,296
up €3,296 (+29.1%), from €11,329 to €14,625
- Other debts +€1,949
up €1,949 (+119.9%), from €1,626 to €3,574
- Gross operating margin +€8,385
up €8,385 (+26.1%), from €32,071 to €40,457
- Taxes +€1,669
up €1,669 (+24.0%), from €6,942 to €8,611
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 | €82,635 | €118,670 | +€36,035 | +43.6% |
| Fixed assets | 21/28 | €791 | €606 | -€185 | -23.4% |
| Tangible fixed assets | 22/27 | €791 | €606 | -€185 | -23.4% |
| Furniture and vehicles | 24 | €791 | €606 | -€185 | -23.4% |
| Current assets | 29/58 | €81,844 | €118,064 | +€36,220 | +44.3% |
| Amounts receivable within one year | 40/41 | €3,121 | €2,834 | -€287 | -9.2% |
| Trade receivables | 40 | €3,121 | €2,834 | -€287 | -9.2% |
| Cash at bank and in hand | 54/58 | €78,723 | €115,110 | +€36,387 | +46.2% |
| Deferred charges and accrued income | 490/1 | €0 | €120 | +€120 | |
| Total equity and liabilities | 10/49 | €82,635 | €118,670 | +€36,035 | +43.6% |
| Equity | 10/15 | €64,542 | €95,427 | +€30,886 | +47.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €62,042 | €92,927 | +€30,886 | +49.8% |
| Distributable reserves | 133 | €62,042 | €92,927 | +€30,886 | +49.8% |
| Amounts payable | 17/49 | €18,093 | €23,243 | +€5,149 | +28.5% |
| Amounts payable within one year | 42/48 | €18,070 | €23,243 | +€5,173 | +28.6% |
| Trade debts | 44 | €5,116 | €5,043 | -€72 | -1.4% |
| Suppliers | 440/4 | €5,116 | €5,043 | -€72 | -1.4% |
| Taxes, remuneration and social security | 45 | €11,329 | €14,625 | +€3,296 | +29.1% |
| Taxes | 450/3 | €11,329 | €14,625 | +€3,296 | +29.1% |
| Other amounts payable | 47/48 | €1,626 | €3,574 | +€1,949 | +119.9% |
| Accrued charges and deferred income | 492/3 | €24 | €0 | -€24 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €185 | +€51 | +38.3% |
| Other operating charges | 640/8 | €137 | €286 | +€148 | +108.1% |
| Gross operating margin | 9900 | €32,071 | €40,457 | +€8,385 | +26.1% |
| Operating profit (loss) | 9901 | €31,800 | €39,986 | +€8,186 | +25.7% |
| Financial charges | 65/66B | €575 | €489 | -€86 | -15.0% |
| Recurring financial charges | 65 | €575 | €489 | -€86 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €31,225 | €39,497 | +€8,272 | +26.5% |
| Income taxes | 67/77 | €6,942 | €8,611 | +€1,669 | +24.0% |
| Profit (loss) for the period | 9904 | €24,283 | €30,886 | +€6,603 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,283 | €30,886 | +€6,603 | +27.2% |
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 4 October 2026 via checked.be.