LDB Projects: what changed
LDB Projects
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€184,968
up €184,968 (+118%), from €156,296 to €341,264
mainly Current investments (+€200,000)
- Financial fixed assets +€13,183
new in 2025: €13,183
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€15,853
up €15,853 (+81.0%), from -€19,561 to -€3,708
- Financial income +€4,394
new in 2025: €4,394
- Other operating charges -€1,408
down €1,408 (-66.4%), from €2,121 to €713
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,296 | €356,189 | -€108 | 0.0% |
| Fixed assets | 21/28 | - | €13,183 | +€13,183 | |
| Financial fixed assets | 28 | - | €13,183 | +€13,183 | |
| Current assets | 29/58 | €356,296 | €343,006 | -€13,291 | -3.7% |
| Amounts receivable within one year | 40/41 | - | €1,436 | +€1,436 | |
| Other amounts receivable | 41 | - | €1,436 | +€1,436 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €156,296 | €341,264 | +€184,968 | +118% |
| Deferred charges and accrued income | 490/1 | - | €306 | +€306 | |
| Total equity and liabilities | 10/49 | €356,296 | €356,189 | -€108 | 0.0% |
| Equity | 10/15 | -€18,772 | -€18,871 | -€99 | -0.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,772 | -€24,871 | -€99 | -0.4% |
| Amounts payable | 17/49 | €375,068 | €375,060 | -€8 | 0.0% |
| Amounts payable after more than one year | 17 | €375,000 | €375,000 | = | 0.0% |
| Financial debts | 170/4 | €375,000 | €375,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68 | €60 | -€8 | -12.1% |
| Trade debts | 44 | €68 | €60 | -€8 | -12.1% |
| Suppliers | 440/4 | €68 | €60 | -€8 | -12.1% |
| Other operating charges | 640/8 | €2,121 | €713 | -€1,408 | -66.4% |
| Gross operating margin | 9900 | -€19,561 | -€3,708 | +€15,853 | +81.0% |
| Operating profit (loss) | 9901 | -€21,682 | -€4,421 | +€17,261 | +79.6% |
| Financial income | 75/76B | - | €4,394 | +€4,394 | |
| Recurring financial income | 75 | - | €4,394 | +€4,394 | |
| Financial charges | 65/66B | €64 | €73 | +€9 | +14.2% |
| Recurring financial charges | 65 | €64 | €73 | +€9 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,745 | -€99 | +€21,646 | +99.5% |
| Profit (loss) for the period | 9904 | -€21,745 | -€99 | +€21,646 | +99.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,745 | -€99 | +€21,646 | +99.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.