LDBG: 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.
What changed
LDBG
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€396,264
2024 · €348,908+€47,357
Equity
€1.7m
2024 · €1.3m+€396,264
Cash
€462,953
2024 · €424,303+€38,649
Balance sheet total
€12.6m
2024 · €12.6m+€32,314
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€573,332
down €573,332 (-8.1%), from €7.1m to €6.5m
of which Other amounts payable: -€415,675
- Other debts +€312,439
up €312,439 (+299.6%), from €104,284 to €416,722
- Profit (loss) carried forward +€198,394
up €198,394 (+17.3%), from €1.1m to €1.3m
- Reserves +€197,870
up €197,870 (+106.8%), from €185,240 to €383,110
Income statement
- Gross operating margin +€65,147
up €65,147 (+7.3%), from €889,796 to €954,943
- Taxes +€17,424
up €17,424 (+15.8%), from €110,372 to €127,796
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.
Result 2024
€348,908
Gross operating margin
+€65,147
Depreciation
+€748
Provisions
+€2,398
Other operating charges
-€7,287
Financial charges
+€3,773
Taxes
-€17,424
Result 2025
€396,264
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.
From operations
+€614,326
Investment
-€549
Financing
-€575,127
Cash 2024
€424,303
From operations (derived)
+€614,326
Net result for the year
+€396,264
Depreciation
+€120,099
Receivables within one year
-€105,966
Deferred charges and accrued income
-€7,248
Provisions
-€60,688
Trade debts
-€3,748
Tax, wage and social debts
-€58,399
Other debts
+€312,439
Accrued charges and deferred income
+€21,573
Investment (derived)
-€549
Investment in fixed assets (net)
-€549
Financing
-€575,127
Debts after one year
-€573,332
Current portion of long-term debt
-€1,795
Cash 2025
€462,953
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,612,983 | €12,645,297 | +€32,314 | +0.3% |
| Fixed assets | 21/28 | €12,132,128 | €12,012,578 | -€119,550 | -1.0% |
| Tangible fixed assets | 22/27 | €11,616,167 | €11,496,617 | -€119,550 | -1.0% |
| Land and buildings | 22 | €11,347,092 | €11,283,621 | -€63,471 | -0.6% |
| Plant, machinery and equipment | 23 | €266,933 | €211,520 | -€55,413 | -20.8% |
| Furniture and vehicles | 24 | €2,142 | €1,475 | -€667 | -31.1% |
| Financial fixed assets | 28 | €515,961 | €515,961 | = | 0.0% |
| Current assets | 29/58 | €480,856 | €632,719 | +€151,864 | +31.6% |
| Amounts receivable within one year | 40/41 | €50,426 | €156,393 | +€105,966 | +210.1% |
| Trade receivables | 40 | €50,426 | €156,393 | +€105,966 | +210.1% |
| Cash at bank and in hand | 54/58 | €424,303 | €462,953 | +€38,649 | +9.1% |
| Deferred charges and accrued income | 490/1 | €6,126 | €13,374 | +€7,248 | +118.3% |
| Total equity and liabilities | 10/49 | €12,612,983 | €12,645,297 | +€32,314 | +0.3% |
| Equity | 10/15 | €1,333,798 | €1,730,062 | +€396,264 | +29.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €185,240 | €383,110 | +€197,870 | +106.8% |
| Tax-exempt reserves | 132 | €185,240 | €383,110 | +€197,870 | +106.8% |
| Profit (loss) carried forward | 14 | €1,145,558 | €1,343,952 | +€198,394 | +17.3% |
| Provisions and deferred taxes | 16 | €3,831,869 | €3,771,182 | -€60,688 | -1.6% |
| Provisions for liabilities and charges | 160/5 | €3,831,869 | €3,771,182 | -€60,688 | -1.6% |
| Pensions and similar obligations | 160 | €124,750 | €124,750 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,707,119 | €3,646,432 | -€60,688 | -1.6% |
| Amounts payable | 17/49 | €7,447,316 | €7,144,053 | -€303,263 | -4.1% |
| Amounts payable after more than one year | 17 | €7,063,318 | €6,489,986 | -€573,332 | -8.1% |
| Financial debts | 170/4 | €792,827 | €635,170 | -€157,657 | -19.9% |
| Other amounts payable | 178/9 | €6,270,491 | €5,854,816 | -€415,675 | -6.6% |
| Amounts payable within one year | 42/48 | €382,698 | €631,194 | +€248,496 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €159,453 | €157,657 | -€1,795 | -1.1% |
| Trade debts | 44 | €31,448 | €27,700 | -€3,748 | -11.9% |
| Suppliers | 440/4 | €31,448 | €27,700 | -€3,748 | -11.9% |
| Taxes, remuneration and social security | 45 | €87,514 | €29,115 | -€58,399 | -66.7% |
| Taxes | 450/3 | €87,514 | €23,815 | -€63,699 | -72.8% |
| Remuneration and social security | 454/9 | - | €5,300 | +€5,300 | |
| Other amounts payable | 47/48 | €104,284 | €416,722 | +€312,439 | +299.6% |
| Accrued charges and deferred income | 492/3 | €1,300 | €22,873 | +€21,573 | +1659.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,847 | €120,099 | -€748 | -0.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€58,289 | -€60,688 | -€2,398 | -4.1% |
| Other operating charges | 640/8 | €25,521 | €32,808 | +€7,287 | +28.6% |
| Gross operating margin | 9900 | €889,796 | €954,943 | +€65,147 | +7.3% |
| Operating profit (loss) | 9901 | €801,717 | €862,724 | +€61,007 | +7.6% |
| Financial charges | 65/66B | €342,437 | €338,664 | -€3,773 | -1.1% |
| Recurring financial charges | 65 | €342,437 | €338,664 | -€3,773 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €459,280 | €524,060 | +€64,780 | +14.1% |
| Income taxes | 67/77 | €110,372 | €127,796 | +€17,424 | +15.8% |
| Profit (loss) for the period | 9904 | €348,908 | €396,264 | +€47,357 | +13.6% |
| Transfer to tax-exempt reserves | 689 | €185,240 | €197,870 | +€12,630 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €163,668 | €198,394 | +€34,727 | +21.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.