LDB Technics: 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 Technics
Largest movements
- Receivables within one year -€81,092
down €81,092 (-31.5%), from €257,316 to €176,223
of which Trade receivables: -€70,762
- Tangible fixed assets -€56,436
down €56,436 (-58.0%), from €97,253 to €40,817
of which Furniture and vehicles: -€39,267
- Cash +€28,108
up €28,108 (+37.5%), from €74,892 to €103,000
mainly Other debts (+€242,210) and Receivables within one year (+€81,092)
- Stocks and contracts -€13,836
down €13,836 (-18.8%), from €73,644 to €59,809
of which Contracts in progress: -€20,000
- Reserves -€260,809
down €260,809 (-90.1%), from €289,542 to €28,732
- Other debts +€242,210
up €242,210 (+15138.3%), from €1,600 to €243,810
- Current portion of long-term debt -€54,929
down €54,929 (-91.2%), from €60,239 to €5,310
- Trade debts -€31,391
down €31,391 (-27.4%), from €114,439 to €83,048
- Tax, wage and social debts -€9,386
down €9,386 (-66.5%), from €14,108 to €4,723
of which Remuneration and social security: -€9,386
- Gross operating margin -€23,748
down €23,748 (-9.3%), from €256,428 to €232,681
- Depreciation -€6,176
down €6,176 (-18.4%), from €33,547 to €27,371
- Taxes -€5,926
down €5,926 (-46.7%), from €12,691 to €6,765
- Staff costs -€3,403
down €3,403 (-2.1%), from €161,321 to €157,917
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 | €506,603 | €384,223 | -€122,380 | -24.2% |
| Fixed assets | 21/28 | €97,298 | €40,862 | -€56,436 | -58.0% |
| Tangible fixed assets | 22/27 | €97,253 | €40,817 | -€56,436 | -58.0% |
| Land and buildings | 22 | €1,572 | €372 | -€1,200 | -76.4% |
| Plant, machinery and equipment | 23 | €33,459 | €17,490 | -€15,969 | -47.7% |
| Furniture and vehicles | 24 | €62,222 | €22,956 | -€39,267 | -63.1% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €409,306 | €343,361 | -€65,945 | -16.1% |
| Stocks and contracts in progress | 3 | €73,644 | €59,809 | -€13,836 | -18.8% |
| Stocks | 30/36 | €53,644 | €59,809 | +€6,164 | +11.5% |
| Contracts in progress | 37 | €20,000 | €0 | -€20,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €257,316 | €176,223 | -€81,092 | -31.5% |
| Trade receivables | 40 | €235,116 | €164,354 | -€70,762 | -30.1% |
| Other amounts receivable | 41 | €22,200 | €11,869 | -€10,331 | -46.5% |
| Cash at bank and in hand | 54/58 | €74,892 | €103,000 | +€28,108 | +37.5% |
| Deferred charges and accrued income | 490/1 | €3,454 | €4,329 | +€875 | +25.3% |
| Total equity and liabilities | 10/49 | €506,603 | €384,223 | -€122,380 | -24.2% |
| Equity | 10/15 | €308,142 | €47,332 | -€260,809 | -84.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €289,542 | €28,732 | -€260,809 | -90.1% |
| Distributable reserves | 133 | €289,542 | €28,732 | -€260,809 | -90.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €198,462 | €336,891 | +€138,429 | +69.8% |
| Amounts payable after more than one year | 17 | €5,310 | €0 | -€5,310 | -100.0% |
| Financial debts | 170/4 | €5,310 | €0 | -€5,310 | -100.0% |
| Amounts payable within one year | 42/48 | €190,387 | €336,891 | +€146,504 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €60,239 | €5,310 | -€54,929 | -91.2% |
| Trade debts | 44 | €114,439 | €83,048 | -€31,391 | -27.4% |
| Suppliers | 440/4 | €114,439 | €83,048 | -€31,391 | -27.4% |
| Taxes, remuneration and social security | 45 | €14,108 | €4,723 | -€9,386 | -66.5% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €11,108 | €1,723 | -€9,386 | -84.5% |
| Other amounts payable | 47/48 | €1,600 | €243,810 | +€242,210 | +15138.3% |
| Accrued charges and deferred income | 492/3 | €2,765 | €0 | -€2,765 | -100.0% |
| Non-recurring operating income | 76A | €0 | €17,410 | +€17,410 | |
| Remuneration, social security and pensions | 62 | €161,321 | €157,917 | -€3,403 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,547 | €27,371 | -€6,176 | -18.4% |
| Other operating charges | 640/8 | €1,875 | €1,438 | -€437 | -23.3% |
| Non-recurring operating charges | 66A | - | €17,947 | +€17,947 | |
| Gross operating margin | 9900 | €256,428 | €232,681 | -€23,748 | -9.3% |
| Operating profit (loss) | 9901 | €59,686 | €28,008 | -€31,678 | -53.1% |
| Financial charges | 65/66B | €2,666 | €1,552 | -€1,114 | -41.8% |
| Recurring financial charges | 65 | €2,666 | €1,552 | -€1,114 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €57,020 | €26,456 | -€30,564 | -53.6% |
| Income taxes | 67/77 | €12,691 | €6,765 | -€5,926 | -46.7% |
| Profit (loss) for the period | 9904 | €44,329 | €19,691 | -€24,638 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,329 | €19,691 | -€24,638 | -55.6% |
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 10 October 2026 via checked.be.