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
- Tangible fixed assets +€82,009
new in 2025: €82,009
of which Land and buildings: +€74,467
- Current investments -€40,000
down €40,000 (-100%), from €40,000 to €0
- Cash +€22,139
up €22,139 (+41.8%), from €53,005 to €75,144
mainly Net result for the year (+€60,320) and Current investments (+€40,000)
- Receivables within one year -€9,976
down €9,976 (-18.1%), from €55,049 to €45,072
of which Trade receivables: -€40,152
- Profit (loss) carried forward +€60,320
up €60,320 (+111%), from €54,578 to €114,898
- Tax, wage and social debts -€20,018
down €20,018 (-44.3%), from €45,231 to €25,213
of which Taxes: -€20,018
- Short-term financial debts +€15,000
new in 2025: €15,000
- Taxes -€5,588
down €5,588 (-30.1%), from €18,593 to €13,005
- Depreciation +€3,511
new in 2025: €3,511
- Gross operating margin +€2,710
up €2,710 (+3.6%), from €75,327 to €78,037
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 | €159,471 | €212,225 | +€52,754 | +33.1% |
| Fixed assets | 21/28 | €10,000 | €92,009 | +€82,009 | +820% |
| Tangible fixed assets | 22/27 | - | €82,009 | +€82,009 | |
| Land and buildings | 22 | - | €74,467 | +€74,467 | |
| Plant, machinery and equipment | 23 | - | €1,095 | +€1,095 | |
| Furniture and vehicles | 24 | - | €6,448 | +€6,448 | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €149,471 | €120,217 | -€29,255 | -19.6% |
| Amounts receivable within one year | 40/41 | €55,049 | €45,072 | -€9,976 | -18.1% |
| Trade receivables | 40 | €40,152 | €0 | -€40,152 | -100% |
| Other amounts receivable | 41 | €14,896 | €45,072 | +€30,176 | +203% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100% |
| Cash at bank and in hand | 54/58 | €53,005 | €75,144 | +€22,139 | +41.8% |
| Deferred charges and accrued income | 490/1 | €1,418 | €0 | -€1,418 | -100% |
| Total equity and liabilities | 10/49 | €159,471 | €212,225 | +€52,754 | +33.1% |
| Equity | 10/15 | €104,933 | €165,253 | +€60,320 | +57.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €47,855 | €47,855 | = | 0.0% |
| Distributable reserves | 133 | €47,855 | €47,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,578 | €114,898 | +€60,320 | +111% |
| Amounts payable | 17/49 | €54,538 | €46,972 | -€7,566 | -13.9% |
| Amounts payable within one year | 42/48 | €54,538 | €46,972 | -€7,566 | -13.9% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Other loans | 439 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €7,696 | €6,759 | -€937 | -12.2% |
| Suppliers | 440/4 | €7,696 | €6,759 | -€937 | -12.2% |
| Taxes, remuneration and social security | 45 | €45,231 | €25,213 | -€20,018 | -44.3% |
| Taxes | 450/3 | €45,231 | €25,213 | -€20,018 | -44.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,611 | €0 | -€1,611 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,511 | +€3,511 | |
| Other operating charges | 640/8 | €1,601 | €1,207 | -€394 | -24.6% |
| Gross operating margin | 9900 | €75,327 | €78,037 | +€2,710 | +3.6% |
| Operating profit (loss) | 9901 | €73,726 | €73,319 | -€408 | -0.6% |
| Financial income | 75/76B | €3 | €200 | +€197 | +6,567% |
| Recurring financial income | 75 | €3 | €200 | +€197 | +6,567% |
| Financial charges | 65/66B | €558 | €193 | -€365 | -65.4% |
| Recurring financial charges | 65 | €558 | €193 | -€365 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €73,171 | €73,325 | +€154 | +0.2% |
| Income taxes | 67/77 | €18,593 | €13,005 | -€5,588 | -30.1% |
| Profit (loss) for the period | 9904 | €54,578 | €60,320 | +€5,742 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,578 | €60,320 | +€5,742 | +10.5% |
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 24 October 2026 via checked.be.