LDC3: 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.
LDC3
Largest movements
- Receivables within one year -€436,472
down €436,472 (-76.8%), from €568,391 to €131,919
- Cash +€94,053
up €94,053 (+1028.3%), from €9,146 to €103,199
mainly Receivables within one year (+€436,472) and Current portion of long-term debt (+€117,396)
- Other debts -€355,000
no longer reported in 2025 (was €355,000)
- Debts after one year -€137,812
down €137,812 (-35.5%), from €387,812 to €250,000
- Current portion of long-term debt +€117,396
up €117,396 (+575.0%), from €20,417 to €137,812
- Profit (loss) carried forward +€36,422
up €36,422 (+62.7%), from -€58,112 to -€21,690
- Financial income +€49,363
up €49,363 (+1330.2%), from €3,711 to €53,074
- Financial charges -€10,451
down €10,451 (-42.3%), from €24,716 to €14,266
- Gross operating margin +€8,138
up €8,138 (+86.0%), from -€9,461 to -€1,323
- Purchases and services -€8,138
down €8,138 (-86.0%), from €9,461 to €1,323
- Taxes +€758
no longer reported in 2025 (was -€758)
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 | €1,169,735 | €825,741 | -€343,994 | -29.4% |
| Fixed assets | 21/28 | €350,000 | €350,000 | = | 0.0% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €819,735 | €475,741 | -€343,994 | -42.0% |
| Amounts receivable within one year | 40/41 | €568,391 | €131,919 | -€436,472 | -76.8% |
| Other amounts receivable | 41 | €568,391 | €131,919 | -€436,472 | -76.8% |
| Current investments | 50/53 | €242,198 | €240,624 | -€1,574 | -0.6% |
| Cash at bank and in hand | 54/58 | €9,146 | €103,199 | +€94,053 | +1028.3% |
| Total equity and liabilities | 10/49 | €1,169,735 | €825,741 | -€343,994 | -29.4% |
| Equity | 10/15 | €401,038 | €437,460 | +€36,422 | +9.1% |
| Contributions | 10/11 | €459,150 | €459,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,112 | -€21,690 | +€36,422 | +62.7% |
| Amounts payable | 17/49 | €768,697 | €388,282 | -€380,415 | -49.5% |
| Amounts payable after more than one year | 17 | €387,812 | €250,000 | -€137,812 | -35.5% |
| Financial debts | 170/4 | €387,812 | €250,000 | -€137,812 | -35.5% |
| Amounts payable within one year | 42/48 | €380,885 | €138,282 | -€242,603 | -63.7% |
| Current portion of amounts payable after more than one year | 42 | €20,417 | €137,812 | +€117,396 | +575.0% |
| Trade debts | 44 | €5,468 | €469 | -€4,999 | -91.4% |
| Suppliers | 440/4 | €5,468 | €469 | -€4,999 | -91.4% |
| Other amounts payable | 47/48 | €355,000 | - | -€355,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,461 | €1,323 | -€8,138 | -86.0% |
| Other operating charges | 640/8 | €446 | €1,063 | +€617 | +138.2% |
| Gross operating margin | 9900 | -€9,461 | -€1,323 | +€8,138 | +86.0% |
| Operating profit (loss) | 9901 | -€9,908 | -€2,386 | +€7,521 | +75.9% |
| Financial income | 75/76B | €3,711 | €53,074 | +€49,363 | +1330.2% |
| Recurring financial income | 75 | €3,711 | €53,074 | +€49,363 | +1330.2% |
| Financial charges | 65/66B | €24,716 | €14,266 | -€10,451 | -42.3% |
| Recurring financial charges | 65 | €24,716 | €14,266 | -€10,451 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,913 | €36,422 | +€67,335 | |
| Income taxes | 67/77 | -€758 | - | +€758 | |
| Profit (loss) for the period | 9904 | -€30,155 | €36,422 | +€66,577 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,155 | €36,422 | +€66,577 |
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 12 October 2026 via checked.be.