LDB MANAGEMENT: 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 MANAGEMENT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€21,573
up €21,573 (+209%), from €10,312 to €31,885
- Debts after one year -€16,098
down €16,098 (-17.7%), from €90,848 to €74,750
of which Financial debts: -€9,798
- Tax, wage and social debts -€5,372
down €5,372 (-25.7%), from €20,892 to €15,520
of which Taxes: -€6,597
- Other debts +€4,616
up €4,616 (+276%), from €1,672 to €6,288
- Trade debts -€4,014
down €4,014 (-45.6%), from €8,806 to €4,792
of which Suppliers: -€4,134
- Gross operating margin +€18,071
up €18,071 (+108%), from €16,693 to €34,764
- Taxes +€6,198
up €6,198 (+148%), from €4,179 to €10,377
- Other operating charges -€4,187
down €4,187 (-71.8%), from €5,829 to €1,642
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 | €248,992 | €250,348 | +€1,355 | +0.5% |
| Fixed assets | 21/28 | €245,233 | €245,120 | -€113 | 0.0% |
| Tangible fixed assets | 22/27 | €233 | €120 | -€113 | -48.5% |
| Furniture and vehicles | 24 | €233 | €120 | -€113 | -48.5% |
| Financial fixed assets | 28 | €245,000 | €245,000 | = | 0.0% |
| Current assets | 29/58 | €3,760 | €5,228 | +€1,468 | +39.0% |
| Amounts receivable within one year | 40/41 | €3,561 | €1,794 | -€1,767 | -49.6% |
| Trade receivables | 40 | €3,561 | €1,794 | -€1,767 | -49.6% |
| Cash at bank and in hand | 54/58 | €41 | €1,941 | +€1,900 | +4,606% |
| Deferred charges and accrued income | 490/1 | €158 | €1,493 | +€1,335 | +845% |
| Total equity and liabilities | 10/49 | €248,992 | €250,348 | +€1,355 | +0.5% |
| Equity | 10/15 | €116,312 | €137,885 | +€21,573 | +18.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €71,000 | €71,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €67,500 | €67,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,312 | €31,885 | +€21,573 | +209% |
| Amounts payable | 17/49 | €132,681 | €112,463 | -€20,218 | -15.2% |
| Amounts payable after more than one year | 17 | €90,848 | €74,750 | -€16,098 | -17.7% |
| Financial debts | 170/4 | €9,798 | - | -€9,798 | |
| Other amounts payable | 178/9 | €81,050 | €74,750 | -€6,300 | -7.8% |
| Amounts payable within one year | 42/48 | €41,833 | €36,398 | -€5,435 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €10,463 | €9,798 | -€666 | -6.4% |
| Trade debts | 44 | €8,806 | €4,792 | -€4,014 | -45.6% |
| Suppliers | 440/4 | €8,806 | €4,672 | -€4,134 | -46.9% |
| Bills of exchange payable | 441 | - | €120 | +€120 | |
| Taxes, remuneration and social security | 45 | €20,892 | €15,520 | -€5,372 | -25.7% |
| Taxes | 450/3 | €20,892 | €14,295 | -€6,597 | -31.6% |
| Remuneration and social security | 454/9 | - | €1,225 | +€1,225 | |
| Other amounts payable | 47/48 | €1,672 | €6,288 | +€4,616 | +276% |
| Accrued charges and deferred income | 492/3 | - | €1,315 | +€1,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106 | €113 | +€7 | +6.7% |
| Other operating charges | 640/8 | €5,829 | €1,642 | -€4,187 | -71.8% |
| Gross operating margin | 9900 | €16,693 | €34,764 | +€18,071 | +108% |
| Operating profit (loss) | 9901 | €10,759 | €33,009 | +€22,250 | +207% |
| Financial income | 75/76B | €2 | €1 | -€0 | -12.6% |
| Recurring financial income | 75 | €2 | €1 | -€0 | -12.6% |
| Financial charges | 65/66B | €1,199 | €1,060 | -€139 | -11.6% |
| Recurring financial charges | 65 | €1,199 | €1,060 | -€139 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €9,562 | €31,950 | +€22,389 | +234% |
| Income taxes | 67/77 | €4,179 | €10,377 | +€6,198 | +148% |
| Profit (loss) for the period | 9904 | €5,382 | €21,573 | +€16,191 | +301% |
| Profit (loss) for the period to be appropriated | 9905 | €5,382 | €21,573 | +€16,191 | +301% |
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 16 October 2026 via checked.be.