LDC REAL: 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.
LDC REAL
Largest movements
- Receivables within one year +€379,731
new in 2025: €379,731
of which Other amounts receivable: +€305,281
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Cash -€163,368
down €163,368 (-76.2%), from €214,495 to €51,127
mainly Receivables within one year (-€379,731) and Other debts (-€264,056)
- Tangible fixed assets +€7,769
up €7,769 (+58.3%), from €13,319 to €21,088
of which Furniture and vehicles: +€7,207
- Other debts -€264,056
no longer reported in 2025 (was €264,056)
- Profit (loss) carried forward +€228,548
new in 2025: €228,548
- Tax, wage and social debts +€9,205
up €9,205 (+15.5%), from €59,336 to €68,541
- Gross operating margin +€76,593
up €76,593 (+35.0%), from €218,643 to €295,236
- Taxes +€22,004
up €22,004 (+42.6%), from €51,630 to €73,633
- Financial income +€7,271
up €7,271 (+159.8%), from €4,552 to €11,823
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,384 | €454,338 | -€27,045 | -5.6% |
| Fixed assets | 21/28 | €13,652 | €21,471 | +€7,819 | +57.3% |
| Intangible fixed assets | 21 | €333 | €233 | -€100 | -30.0% |
| Tangible fixed assets | 22/27 | €13,319 | €21,088 | +€7,769 | +58.3% |
| Furniture and vehicles | 24 | €13,319 | €20,526 | +€7,207 | +54.1% |
| Other tangible fixed assets | 26 | - | €562 | +€562 | |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €467,731 | €432,867 | -€34,864 | -7.5% |
| Amounts receivable within one year | 40/41 | - | €379,731 | +€379,731 | |
| Trade receivables | 40 | - | €74,450 | +€74,450 | |
| Other amounts receivable | 41 | - | €305,281 | +€305,281 | |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €214,495 | €51,127 | -€163,368 | -76.2% |
| Deferred charges and accrued income | 490/1 | €3,237 | €2,009 | -€1,227 | -37.9% |
| Total equity and liabilities | 10/49 | €481,384 | €454,338 | -€27,045 | -5.6% |
| Equity | 10/15 | €157,000 | €385,548 | +€228,548 | +145.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €156,000 | €156,000 | = | 0.0% |
| Distributable reserves | 133 | €156,000 | €156,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €228,548 | +€228,548 | |
| Amounts payable | 17/49 | €324,384 | €68,790 | -€255,594 | -78.8% |
| Amounts payable within one year | 42/48 | €323,973 | €68,790 | -€255,183 | -78.8% |
| Trade debts | 44 | €580 | €249 | -€331 | -57.1% |
| Suppliers | 440/4 | €580 | €249 | -€331 | -57.1% |
| Taxes, remuneration and social security | 45 | €59,336 | €68,541 | +€9,205 | +15.5% |
| Taxes | 450/3 | €59,336 | €68,541 | +€9,205 | +15.5% |
| Other amounts payable | 47/48 | €264,056 | - | -€264,056 | |
| Accrued charges and deferred income | 492/3 | €411 | - | -€411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,442 | €2,661 | +€1,219 | +84.6% |
| Other operating charges | 640/8 | €1,369 | €1,122 | -€248 | -18.1% |
| Gross operating margin | 9900 | €218,643 | €295,236 | +€76,593 | +35.0% |
| Operating profit (loss) | 9901 | €215,831 | €291,453 | +€75,621 | +35.0% |
| Financial income | 75/76B | €4,552 | €11,823 | +€7,271 | +159.8% |
| Recurring financial income | 75 | €4,552 | €11,823 | +€7,271 | +159.8% |
| Financial charges | 65/66B | €1,214 | €1,094 | -€121 | -9.9% |
| Recurring financial charges | 65 | €1,214 | €1,094 | -€121 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €219,169 | €302,182 | +€83,013 | +37.9% |
| Income taxes | 67/77 | €51,630 | €73,633 | +€22,004 | +42.6% |
| Profit (loss) for the period | 9904 | €167,539 | €228,548 | +€61,009 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €167,539 | €228,548 | +€61,009 | +36.4% |
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 6 October 2026 via checked.be.