LDC: 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.
LDC
Largest movements
- Cash +€8,539
up €8,539 (+29.2%), from €29,253 to €37,792
mainly Net result for the year (+€17,806) and Depreciation (+€7,975)
- Tangible fixed assets -€7,975
down €7,975 (-31.5%), from €25,301 to €17,325
- Receivables within one year +€5,552
up €5,552 (+80.7%), from €6,882 to €12,434
- Receivables after one year +€3,000
new in 2025: €3,000
- Reserves +€17,806
up €17,806 (+72.0%), from €24,727 to €42,533
- Debts after one year -€7,287
down €7,287 (-47.0%), from €15,492 to €8,205
- Other debts -€1,137
down €1,137 (-72.4%), from €1,571 to €434
- Gross operating margin -€6,085
down €6,085 (-14.5%), from €41,873 to €35,788
- Other operating charges +€986
up €986 (+87.3%), from €1,130 to €2,116
- Depreciation +€581
up €581 (+7.9%), from €7,395 to €7,975
- Taxes -€531
down €531 (-7.0%), from €7,624 to €7,093
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 | €61,435 | €70,552 | +€9,117 | +14.8% |
| Fixed assets | 21/28 | €25,301 | €17,325 | -€7,975 | -31.5% |
| Tangible fixed assets | 22/27 | €25,301 | €17,325 | -€7,975 | -31.5% |
| Furniture and vehicles | 24 | €25,301 | €17,325 | -€7,975 | -31.5% |
| Current assets | 29/58 | €36,135 | €53,226 | +€17,092 | +47.3% |
| Amounts receivable after more than one year | 29 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 291 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €6,882 | €12,434 | +€5,552 | +80.7% |
| Trade receivables | 40 | €6,882 | €12,434 | +€5,552 | +80.7% |
| Cash at bank and in hand | 54/58 | €29,253 | €37,792 | +€8,539 | +29.2% |
| Total equity and liabilities | 10/49 | €61,435 | €70,552 | +€9,117 | +14.8% |
| Equity | 10/15 | €29,727 | €47,533 | +€17,806 | +59.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,727 | €42,533 | +€17,806 | +72.0% |
| Distributable reserves | 133 | €24,727 | €42,533 | +€17,806 | +72.0% |
| Amounts payable | 17/49 | €31,708 | €23,019 | -€8,690 | -27.4% |
| Amounts payable after more than one year | 17 | €15,492 | €8,205 | -€7,287 | -47.0% |
| Financial debts | 170/4 | €15,492 | €8,205 | -€7,287 | -47.0% |
| Amounts payable within one year | 42/48 | €16,217 | €14,814 | -€1,403 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €7,022 | €7,287 | +€265 | +3.8% |
| Taxes, remuneration and social security | 45 | €7,624 | €7,093 | -€531 | -7.0% |
| Taxes | 450/3 | €7,624 | €7,093 | -€531 | -7.0% |
| Other amounts payable | 47/48 | €1,571 | €434 | -€1,137 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,395 | €7,975 | +€581 | +7.9% |
| Other operating charges | 640/8 | €1,130 | €2,116 | +€986 | +87.3% |
| Gross operating margin | 9900 | €41,873 | €35,788 | -€6,085 | -14.5% |
| Operating profit (loss) | 9901 | €33,349 | €25,697 | -€7,652 | -22.9% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €998 | €887 | -€110 | -11.1% |
| Recurring financial charges | 65 | €998 | €887 | -€110 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €32,351 | €24,899 | -€7,451 | -23.0% |
| Income taxes | 67/77 | €7,624 | €7,093 | -€531 | -7.0% |
| Profit (loss) for the period | 9904 | €24,727 | €17,806 | -€6,921 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,727 | €17,806 | -€6,921 | -28.0% |
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 19 October 2026 via checked.be.