LDBV: 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.
LDBV
Largest movements
- Current investments +€400,833
new in 2025: €400,833
- Tangible fixed assets +€272,887
up €272,887 (+11,087%), from €2,461 to €275,348
of which Leasing and similar rights: +€230,077
- Cash -€201,526
down €201,526 (-80.3%), from €250,915 to €49,389
mainly Current investments (-€400,833) and Investment in fixed assets (net) (-€282,384)
- Debts after one year +€252,064
new in 2025: €252,064
- Profit (loss) carried forward +€168,190
up €168,190 (+79.7%), from €210,992 to €379,182
- Tax, wage and social debts +€43,727
up €43,727 (+67.1%), from €65,124 to €108,851
- Current portion of long-term debt +€9,814
new in 2025: €9,814
- Other operating charges +€27,983
up €27,983 (+4,766%), from €587 to €28,571
- Gross operating margin +€15,609
up €15,609 (+6.3%), from €249,722 to €265,332
- Financial charges +€10,413
up €10,413 (+23,938%), from €44 to €10,457
- Depreciation +€9,291
up €9,291 (+4,497%), from €207 to €9,497
- Taxes -€9,119
down €9,119 (-15.5%), from €58,926 to €49,807
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 | €282,500 | €757,737 | +€475,237 | +168% |
| Fixed assets | 21/28 | €2,461 | €275,348 | +€272,887 | +11,087% |
| Tangible fixed assets | 22/27 | €2,461 | €275,348 | +€272,887 | +11,087% |
| Land and buildings | 22 | - | €37,812 | +€37,812 | |
| Furniture and vehicles | 24 | €2,461 | €7,460 | +€4,998 | +203% |
| Leasing and similar rights | 25 | - | €230,077 | +€230,077 | |
| Current assets | 29/58 | €280,038 | €482,388 | +€202,350 | +72.3% |
| Current investments | 50/53 | - | €400,833 | +€400,833 | |
| Cash at bank and in hand | 54/58 | €250,915 | €49,389 | -€201,526 | -80.3% |
| Deferred charges and accrued income | 490/1 | €29,123 | €32,167 | +€3,044 | +10.5% |
| Total equity and liabilities | 10/49 | €282,500 | €757,737 | +€475,237 | +168% |
| Equity | 10/15 | €214,992 | €383,182 | +€168,190 | +78.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,992 | €379,182 | +€168,190 | +79.7% |
| Amounts payable | 17/49 | €67,508 | €374,555 | +€307,047 | +455% |
| Amounts payable after more than one year | 17 | - | €252,064 | +€252,064 | |
| Financial debts | 170/4 | - | €252,064 | +€252,064 | |
| Amounts payable within one year | 42/48 | €67,508 | €122,491 | +€54,983 | +81.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,814 | +€9,814 | |
| Trade debts | 44 | €24 | €58 | +€35 | +146% |
| Suppliers | 440/4 | €24 | €58 | +€35 | +146% |
| Taxes, remuneration and social security | 45 | €65,124 | €108,851 | +€43,727 | +67.1% |
| Taxes | 450/3 | €65,124 | €108,851 | +€43,727 | +67.1% |
| Other amounts payable | 47/48 | €2,360 | €3,767 | +€1,407 | +59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €9,497 | +€9,291 | +4,497% |
| Other operating charges | 640/8 | €587 | €28,571 | +€27,983 | +4,766% |
| Gross operating margin | 9900 | €249,722 | €265,332 | +€15,609 | +6.3% |
| Operating profit (loss) | 9901 | €248,929 | €227,264 | -€21,665 | -8.7% |
| Financial income | 75/76B | - | €1,190 | +€1,190 | |
| Recurring financial income | 75 | - | €1,190 | +€1,190 | |
| Financial charges | 65/66B | €44 | €10,457 | +€10,413 | +23,938% |
| Recurring financial charges | 65 | €44 | €10,457 | +€10,413 | +23,938% |
| Profit (loss) for the period before taxes | 9903 | €248,885 | €217,997 | -€30,888 | -12.4% |
| Income taxes | 67/77 | €58,926 | €49,807 | -€9,119 | -15.5% |
| Profit (loss) for the period | 9904 | €189,959 | €168,190 | -€21,769 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €189,959 | €168,190 | -€21,769 | -11.5% |
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 14 October 2026 via checked.be.