LDC PROPERTIES: 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 PROPERTIES
Largest movements
- Tangible fixed assets -€75,667
down €75,667 (-4.4%), from €1.7m to €1.6m
of which Land and buildings: -€49,762
- Receivables within one year +€60,862
up €60,862 (+43.9%), from €138,580 to €199,442
of which Other amounts receivable: +€86,862
- Deferred charges and accrued income +€23,738
up €23,738 (+671%), from €3,538 to €27,276
- Reserves +€70,842
up €70,842 (+60.2%), from €117,707 to €188,550
of which Distributable reserves: +€70,842
- Debts after one year -€64,710
down €64,710 (-6.0%), from €1.1m to €1.0m
- Current portion of long-term debt +€35,159
up €35,159 (+55.8%), from €62,967 to €98,126
- Tax, wage and social debts -€30,054
down €30,054 (-34.3%), from €87,498 to €57,444
of which Taxes: -€31,054
- Gross operating margin -€68,816
down €68,816 (-22.9%), from €300,508 to €231,692
- Taxes -€26,823
down €26,823 (-43.0%), from €62,344 to €35,521
- Financial income +€3,588
up €3,588 (+85.6%), from €4,194 to €7,781
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 | €1,860,813 | €1,882,193 | +€21,380 | +1.1% |
| Fixed assets | 21/28 | €1,708,374 | €1,632,707 | -€75,667 | -4.4% |
| Tangible fixed assets | 22/27 | €1,708,374 | €1,632,707 | -€75,667 | -4.4% |
| Land and buildings | 22 | €1,501,347 | €1,451,585 | -€49,762 | -3.3% |
| Plant, machinery and equipment | 23 | - | €2,571 | +€2,571 | |
| Furniture and vehicles | 24 | €27,641 | €15,449 | -€12,192 | -44.1% |
| Other tangible fixed assets | 26 | €179,386 | €163,102 | -€16,284 | -9.1% |
| Current assets | 29/58 | €152,439 | €249,486 | +€97,047 | +63.7% |
| Amounts receivable within one year | 40/41 | €138,580 | €199,442 | +€60,862 | +43.9% |
| Trade receivables | 40 | €26,000 | - | -€26,000 | |
| Other amounts receivable | 41 | €112,580 | €199,442 | +€86,862 | +77.2% |
| Cash at bank and in hand | 54/58 | €10,321 | €22,768 | +€12,447 | +121% |
| Deferred charges and accrued income | 490/1 | €3,538 | €27,276 | +€23,738 | +671% |
| Total equity and liabilities | 10/49 | €1,860,813 | €1,882,193 | +€21,380 | +1.1% |
| Equity | 10/15 | €450,158 | €521,000 | +€70,842 | +15.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €117,707 | €188,550 | +€70,842 | +60.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €111,510 | €182,352 | +€70,842 | +63.5% |
| Profit (loss) carried forward | 14 | €270,478 | €270,478 | = | 0.0% |
| Amounts payable | 17/49 | €1,410,655 | €1,361,193 | -€49,463 | -3.5% |
| Amounts payable after more than one year | 17 | €1,069,692 | €1,004,982 | -€64,710 | -6.0% |
| Financial debts | 170/4 | €1,069,692 | €1,004,982 | -€64,710 | -6.0% |
| Amounts payable within one year | 42/48 | €339,814 | €355,061 | +€15,247 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €62,967 | €98,126 | +€35,159 | +55.8% |
| Trade debts | 44 | €5,125 | €7,987 | +€2,862 | +55.8% |
| Suppliers | 440/4 | €5,125 | €7,987 | +€2,862 | +55.8% |
| Taxes, remuneration and social security | 45 | €87,498 | €57,444 | -€30,054 | -34.3% |
| Taxes | 450/3 | €87,498 | €56,444 | -€31,054 | -35.5% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €184,223 | €191,504 | +€7,281 | +4.0% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,347 | €86,294 | +€947 | +1.1% |
| Other operating charges | 640/8 | €5,220 | €5,991 | +€771 | +14.8% |
| Gross operating margin | 9900 | €300,508 | €231,692 | -€68,816 | -22.9% |
| Operating profit (loss) | 9901 | €209,942 | €139,407 | -€70,535 | -33.6% |
| Financial income | 75/76B | €4,194 | €7,781 | +€3,588 | +85.6% |
| Recurring financial income | 75 | €4,194 | €7,781 | +€3,588 | +85.6% |
| Financial charges | 65/66B | €40,282 | €40,825 | +€544 | +1.3% |
| Recurring financial charges | 65 | €40,282 | €40,825 | +€544 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €173,854 | €106,363 | -€67,490 | -38.8% |
| Income taxes | 67/77 | €62,344 | €35,521 | -€26,823 | -43.0% |
| Profit (loss) for the period | 9904 | €111,510 | €70,842 | -€40,668 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €111,510 | €70,842 | -€40,668 | -36.5% |
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 18 October 2026 via checked.be.