LDC Construct Belgium: 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 Construct Belgium
Largest movements
- Deferred charges and accrued income +€50,111
up €50,111 (+12,715%), from €394 to €50,505
- Cash -€4,723
no longer reported in 2025 (was €4,723)
mainly Deferred charges and accrued income (-€50,111) and Other debts (-€8,782)
- Receivables within one year +€1,923
up €1,923 (+5.4%), from €35,761 to €37,684
of which Trade receivables: +€11,667
- Stocks and contracts +€1,237
new in 2025: €1,237
- Profit (loss) carried forward +€56,537
up €56,537 (+40.9%), from -€138,332 to -€81,795
- Other debts -€8,782
down €8,782 (-5.6%), from €157,000 to €148,218
- Gross operating margin +€19,344
up €19,344 (+44.1%), from €43,906 to €63,250
- Taxes -€8,554
down €8,554 (-90.0%), from €9,503 to €949
- Staff costs -€794
down €794 (-49.2%), from €1,614 to €820
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 | €50,638 | €99,098 | +€48,460 | +95.7% |
| Fixed assets | 21/28 | €9,760 | €9,672 | -€88 | -0.9% |
| Tangible fixed assets | 22/27 | €8,860 | €8,772 | -€88 | -1.0% |
| Plant, machinery and equipment | 23 | €1,960 | €5,322 | +€3,362 | +172% |
| Furniture and vehicles | 24 | €6,900 | €3,450 | -€3,450 | -50.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €40,878 | €89,426 | +€48,548 | +119% |
| Stocks and contracts in progress | 3 | - | €1,237 | +€1,237 | |
| Stocks | 30/36 | - | €1,237 | +€1,237 | |
| Amounts receivable within one year | 40/41 | €35,761 | €37,684 | +€1,923 | +5.4% |
| Trade receivables | 40 | €20,502 | €32,169 | +€11,667 | +56.9% |
| Other amounts receivable | 41 | €15,259 | €5,515 | -€9,744 | -63.9% |
| Cash at bank and in hand | 54/58 | €4,723 | - | -€4,723 | |
| Deferred charges and accrued income | 490/1 | €394 | €50,505 | +€50,111 | +12,715% |
| Total equity and liabilities | 10/49 | €50,638 | €99,098 | +€48,460 | +95.7% |
| Equity | 10/15 | -€119,732 | -€63,195 | +€56,537 | +47.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€138,332 | -€81,795 | +€56,537 | +40.9% |
| Amounts payable | 17/49 | €170,370 | €162,293 | -€8,077 | -4.7% |
| Amounts payable within one year | 42/48 | €170,370 | €162,293 | -€8,077 | -4.7% |
| Trade debts | 44 | €3,868 | €3,623 | -€245 | -6.3% |
| Suppliers | 440/4 | €3,868 | €3,623 | -€245 | -6.3% |
| Taxes, remuneration and social security | 45 | €9,503 | €10,452 | +€949 | +10.0% |
| Taxes | 450/3 | €9,503 | €10,452 | +€949 | +10.0% |
| Other amounts payable | 47/48 | €157,000 | €148,218 | -€8,782 | -5.6% |
| Remuneration, social security and pensions | 62 | €1,614 | €820 | -€794 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,940 | €3,852 | -€88 | -2.2% |
| Non-recurring operating charges | 66A | - | €1,003 | +€1,003 | |
| Gross operating margin | 9900 | €43,906 | €63,250 | +€19,344 | +44.1% |
| Operating profit (loss) | 9901 | €38,352 | €57,575 | +€19,223 | +50.1% |
| Financial income | 75/76B | €65 | €1 | -€64 | -98.5% |
| Recurring financial income | 75 | €65 | €1 | -€64 | -98.5% |
| Financial charges | 65/66B | €130 | €89 | -€41 | -31.3% |
| Recurring financial charges | 65 | €130 | €89 | -€41 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €38,287 | €57,487 | +€19,200 | +50.1% |
| Income taxes | 67/77 | €9,503 | €949 | -€8,554 | -90.0% |
| Profit (loss) for the period | 9904 | €28,784 | €56,538 | +€27,754 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,784 | €56,538 | +€27,754 | +96.4% |
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 15 October 2026 via checked.be.