LDB SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets -€63,205
down €63,205 (-13.0%), from €485,948 to €422,743
of which Furniture and vehicles: -€47,429
- Cash +€28,964
up €28,964 (+94.8%), from €30,556 to €59,520
mainly Depreciation (+€76,108) and Other debts (+€45,000)
- Receivables within one year -€13,192
down €13,192 (-21.1%), from €62,503 to €49,312
of which Trade receivables: -€35,587
- Debts after one year -€71,702
down €71,702 (-29.3%), from €244,840 to €173,138
- Other debts +€45,000
new in 2025: €45,000
- Tax, wage and social debts -€14,476
down €14,476 (-61.3%), from €23,617 to €9,141
of which Taxes: -€11,495
- Gross operating margin -€10,293
down €10,293 (-7.1%), from €144,672 to €134,378
- Taxes -€6,314
down €6,314 (-44.6%), from €14,143 to €7,828
- Depreciation +€5,078
up €5,078 (+7.1%), from €71,031 to €76,108
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 | €594,442 | €548,631 | -€45,811 | -7.7% |
| Fixed assets | 21/28 | €486,491 | €423,240 | -€63,251 | -13.0% |
| Tangible fixed assets | 22/27 | €485,948 | €422,743 | -€63,205 | -13.0% |
| Land and buildings | 22 | €189,595 | €183,760 | -€5,835 | -3.1% |
| Plant, machinery and equipment | 23 | €59,879 | €52,919 | -€6,960 | -11.6% |
| Furniture and vehicles | 24 | €196,375 | €148,945 | -€47,429 | -24.2% |
| Other tangible fixed assets | 26 | €1,437 | €806 | -€631 | -43.9% |
| Assets under construction and advance payments | 27 | €38,663 | €36,313 | -€2,350 | -6.1% |
| Financial fixed assets | 28 | €543 | €497 | -€46 | -8.5% |
| Current assets | 29/58 | €107,951 | €125,391 | +€17,440 | +16.2% |
| Amounts receivable within one year | 40/41 | €62,503 | €49,312 | -€13,192 | -21.1% |
| Trade receivables | 40 | €47,324 | €11,737 | -€35,587 | -75.2% |
| Other amounts receivable | 41 | €15,180 | €37,575 | +€22,395 | +147.5% |
| Cash at bank and in hand | 54/58 | €30,556 | €59,520 | +€28,964 | +94.8% |
| Deferred charges and accrued income | 490/1 | €14,892 | €16,559 | +€1,667 | +11.2% |
| Total equity and liabilities | 10/49 | €594,442 | €548,631 | -€45,811 | -7.7% |
| Equity | 10/15 | €243,830 | €238,350 | -€5,481 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €230,260 | €224,760 | -€5,500 | -2.4% |
| Distributable reserves | 133 | €230,260 | €224,760 | -€5,500 | -2.4% |
| Profit (loss) carried forward | 14 | -€5,030 | -€5,010 | +€19 | +0.4% |
| Amounts payable | 17/49 | €350,612 | €310,281 | -€40,331 | -11.5% |
| Amounts payable after more than one year | 17 | €244,840 | €173,138 | -€71,702 | -29.3% |
| Financial debts | 170/4 | €244,840 | €173,138 | -€71,702 | -29.3% |
| Amounts payable within one year | 42/48 | €104,778 | €136,517 | +€31,738 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €69,947 | €71,702 | +€1,755 | +2.5% |
| Trade debts | 44 | €11,215 | €10,674 | -€541 | -4.8% |
| Suppliers | 440/4 | €11,215 | €10,674 | -€541 | -4.8% |
| Taxes, remuneration and social security | 45 | €23,617 | €9,141 | -€14,476 | -61.3% |
| Taxes | 450/3 | €20,636 | €9,141 | -€11,495 | -55.7% |
| Remuneration and social security | 454/9 | €2,981 | - | -€2,981 | |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €993 | €626 | -€367 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,031 | €76,108 | +€5,078 | +7.1% |
| Other operating charges | 640/8 | €2,775 | €3,173 | +€397 | +14.3% |
| Gross operating margin | 9900 | €144,672 | €134,378 | -€10,293 | -7.1% |
| Operating profit (loss) | 9901 | €70,865 | €55,097 | -€15,768 | -22.3% |
| Financial income | 75/76B | €1 | €15 | +€15 | +2900.0% |
| Recurring financial income | 75 | €1 | €15 | +€15 | +2900.0% |
| Financial charges | 65/66B | €9,194 | €7,765 | -€1,429 | -15.5% |
| Recurring financial charges | 65 | €9,194 | €7,765 | -€1,429 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €61,672 | €47,347 | -€14,325 | -23.2% |
| Income taxes | 67/77 | €14,143 | €7,828 | -€6,314 | -44.6% |
| Profit (loss) for the period | 9904 | €47,529 | €39,519 | -€8,010 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,529 | €39,519 | -€8,010 | -16.9% |
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 30 September 2026 via checked.be.