LDC SYSTEMS: 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 SYSTEMS
Largest movements
- Cash -€589,495
down €589,495 (-89.8%), from €656,207 to €66,712
mainly Investment in fixed assets (net) (-€597,161) and Receivables within one year (-€389,683)
- Tangible fixed assets +€557,350
up €557,350 (+1395.9%), from €39,929 to €597,279
of which Assets under construction and advance payments: +€303,775
- Receivables within one year +€389,683
up €389,683 (+1439.4%), from €27,072 to €416,755
of which Trade receivables: +€289,157
- Receivables after one year -€110,000
down €110,000 (-100.0%), from €110,000 to €0
- Trade debts +€268,928
up €268,928 (+1085.5%), from €24,774 to €293,702
- Profit (loss) carried forward -€12,855
down €12,855 (-1.7%), from €768,163 to €755,308
- Depreciation +€34,003
up €34,003 (+585.5%), from €5,808 to €39,811
- Taxes -€8,127
down €8,127 (-35.2%), from €23,069 to €14,942
- Financial income +€3,739
up €3,739 (+460.8%), from €811 to €4,550
- Gross operating margin +€3,305
up €3,305 (+3.9%), from €85,743 to €89,048
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 | €836,554 | €1,084,090 | +€247,536 | +29.6% |
| Fixed assets | 21/28 | €39,929 | €597,279 | +€557,350 | +1395.9% |
| Tangible fixed assets | 22/27 | €39,929 | €597,279 | +€557,350 | +1395.9% |
| Land and buildings | 22 | - | €250,140 | +€250,140 | |
| Furniture and vehicles | 24 | €7,239 | €3,174 | -€4,065 | -56.2% |
| Other tangible fixed assets | 26 | €32,690 | €40,190 | +€7,500 | +22.9% |
| Assets under construction and advance payments | 27 | - | €303,775 | +€303,775 | |
| Current assets | 29/58 | €796,625 | €486,811 | -€309,814 | -38.9% |
| Amounts receivable after more than one year | 29 | €110,000 | €0 | -€110,000 | -100.0% |
| Other amounts receivable | 291 | €110,000 | €0 | -€110,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €27,072 | €416,755 | +€389,683 | +1439.4% |
| Trade receivables | 40 | €3,728 | €292,885 | +€289,157 | +7756.0% |
| Other amounts receivable | 41 | €23,344 | €123,870 | +€100,526 | +430.6% |
| Cash at bank and in hand | 54/58 | €656,207 | €66,712 | -€589,495 | -89.8% |
| Deferred charges and accrued income | 490/1 | €3,346 | €3,343 | -€3 | -0.1% |
| Total equity and liabilities | 10/49 | €836,554 | €1,084,090 | +€247,536 | +29.6% |
| Equity | 10/15 | €788,623 | €775,768 | -€12,855 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €768,163 | €755,308 | -€12,855 | -1.7% |
| Amounts payable | 17/49 | €47,931 | €308,322 | +€260,390 | +543.3% |
| Amounts payable within one year | 42/48 | €47,843 | €307,682 | +€259,840 | +543.1% |
| Trade debts | 44 | €24,774 | €293,702 | +€268,928 | +1085.5% |
| Suppliers | 440/4 | €24,774 | €293,702 | +€268,928 | +1085.5% |
| Taxes, remuneration and social security | 45 | €23,069 | €13,981 | -€9,088 | -39.4% |
| Taxes | 450/3 | €23,069 | €13,981 | -€9,088 | -39.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €88 | €639 | +€551 | +622.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,808 | €39,811 | +€34,003 | +585.5% |
| Other operating charges | 640/8 | €1,269 | €1,594 | +€325 | +25.6% |
| Gross operating margin | 9900 | €85,743 | €89,048 | +€3,305 | +3.9% |
| Operating profit (loss) | 9901 | €78,667 | €47,644 | -€31,023 | -39.4% |
| Financial income | 75/76B | €811 | €4,550 | +€3,739 | +460.8% |
| Recurring financial income | 75 | €811 | €4,550 | +€3,739 | +460.8% |
| Financial charges | 65/66B | €357 | €107 | -€251 | -70.2% |
| Recurring financial charges | 65 | €357 | €107 | -€251 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €79,120 | €52,087 | -€27,033 | -34.2% |
| Income taxes | 67/77 | €23,069 | €14,942 | -€8,127 | -35.2% |
| Profit (loss) for the period | 9904 | €56,052 | €37,145 | -€18,907 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,052 | €37,145 | -€18,907 | -33.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.