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LDCLEAN: 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.

What changed

LDCLEAN

BE 0554.998.564
NACE 42.110, Construction of roads and motorways
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€102,710
2024 · €19,328+€83,382
Equity
€14,489
2024 · €21,778-€7,290
Cash
€103,669
2024 · €50,953+€52,717
Balance sheet total
€270,111
2024 · €162,634+€107,477

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€55,827

    up €55,827 (+482.1%), from €11,580 to €67,407

    of which Furniture and vehicles: +€57,080

  • Cash +€52,717

    up €52,717 (+103.5%), from €50,953 to €103,669

    mainly Net result for the year (+€102,710) and Other debts (+€80,955)

  • Receivables within one year -€3,323

    down €3,323 (-3.5%), from €95,576 to €92,252

    of which Other amounts receivable: -€16,593

Equity and liabilities
  • Other debts +€80,955

    up €80,955 (+101.2%), from €80,000 to €160,955

  • Debts after one year +€44,846

    new in 2025: €44,846

  • Trade debts -€29,719

    down €29,719 (-74.7%), from €39,808 to €10,089

  • Tax, wage and social debts +€11,429

    up €11,429 (+67.6%), from €16,908 to €28,337

    of which Taxes: +€16,654

  • Current portion of long-term debt +€7,707

    up €7,707 (+219.2%), from €3,515 to €11,222

Income statement
  • Gross operating margin +€91,028

    up €91,028 (+87.7%), from €103,817 to €194,845

  • Staff costs -€25,605

    down €25,605 (-33.5%), from €76,513 to €50,908

  • Taxes +€19,850

    up €19,850 (+396.2%), from €5,010 to €24,860

  • Other operating charges +€8,436

    up €8,436 (+978.0%), from €863 to €9,298

  • Depreciation +€2,801

    up €2,801 (+94.3%), from €2,970 to €5,772

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €19,328
Gross operating margin +€91,028
Staff costs +€25,605
Depreciation -€2,801
Other operating charges -€8,436
Financial income -€1,397
Financial charges -€767
Taxes -€19,850
Result 2025 €102,710

Cash bridge derived

cash 2024 to 2025

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.

From operations +€172,322
Investment -€62,158
Financing -€57,447
Cash 2024 €50,953
Net result for the year +€102,710
Depreciation +€5,772
Receivables within one year +€3,323
Deferred charges and accrued income -€1,697
Trade debts -€29,719
Tax, wage and social debts +€11,429
Other debts +€80,955
Accrued charges and deferred income -€451
Investment in fixed assets (net) -€62,158
Debts after one year +€44,846
Current portion of long-term debt +€7,707
Contributions, distributions and other -€110,000
Cash 2025 €103,669
Every line side by side 46 lines
Line Code 2024 2025 Change %
Total assets 20/58 €162,634 €270,111 +€107,477 +66.1%
Fixed assets 21/28 €15,620 €72,007 +€56,387 +361.0%
Tangible fixed assets 22/27 €11,580 €67,407 +€55,827 +482.1%
Land and buildings 22 €2,854 €2,356 -€497 -17.4%
Plant, machinery and equipment 23 €2,279 €1,523 -€756 -33.2%
Furniture and vehicles 24 €6,448 €63,528 +€57,080 +885.2%
Financial fixed assets 28 €4,040 €4,600 +€560 +13.9%
Current assets 29/58 €147,014 €198,104 +€51,090 +34.8%
Amounts receivable within one year 40/41 €95,576 €92,252 -€3,323 -3.5%
Trade receivables 40 €72,663 €85,933 +€13,270 +18.3%
Other amounts receivable 41 €22,913 €6,320 -€16,593 -72.4%
Cash at bank and in hand 54/58 €50,953 €103,669 +€52,717 +103.5%
Deferred charges and accrued income 490/1 €485 €2,182 +€1,697 +349.9%
Total equity and liabilities 10/49 €162,634 €270,111 +€107,477 +66.1%
Equity 10/15 €21,778 €14,489 -€7,290 -33.5%
Contributions 10/11 €12,400 €12,400 = 0.0%
Capital 10 €12,400 - -€12,400
Issued capital 100 €12,400 - -€12,400
Reserves 13 €1,860 €1,860 = 0.0%
Distributable reserves 133 €1,860 €1,860 = 0.0%
Profit (loss) carried forward 14 €7,518 €229 -€7,290 -97.0%
Amounts payable 17/49 €140,856 €255,622 +€114,767 +81.5%
Amounts payable after more than one year 17 - €44,846 +€44,846
Financial debts 170/4 - €44,846 +€44,846
Amounts payable within one year 42/48 €140,231 €210,603 +€70,372 +50.2%
Current portion of amounts payable after more than one year 42 €3,515 €11,222 +€7,707 +219.2%
Trade debts 44 €39,808 €10,089 -€29,719 -74.7%
Suppliers 440/4 €39,808 €10,089 -€29,719 -74.7%
Taxes, remuneration and social security 45 €16,908 €28,337 +€11,429 +67.6%
Taxes 450/3 €10,864 €27,518 +€16,654 +153.3%
Remuneration and social security 454/9 €6,044 €819 -€5,225 -86.5%
Other amounts payable 47/48 €80,000 €160,955 +€80,955 +101.2%
Accrued charges and deferred income 492/3 €625 €173 -€451 -72.2%
Remuneration, social security and pensions 62 €76,513 €50,908 -€25,605 -33.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,970 €5,772 +€2,801 +94.3%
Other operating charges 640/8 €863 €9,298 +€8,436 +978.0%
Gross operating margin 9900 €103,817 €194,845 +€91,028 +87.7%
Operating profit (loss) 9901 €23,471 €128,867 +€105,396 +449.0%
Financial income 75/76B €1,465 €68 -€1,397 -95.4%
Recurring financial income 75 €1,465 €68 -€1,397 -95.4%
Financial charges 65/66B €598 €1,365 +€767 +128.2%
Recurring financial charges 65 €598 €1,365 +€767 +128.2%
Profit (loss) for the period before taxes 9903 €24,338 €127,571 +€103,233 +424.2%
Income taxes 67/77 €5,010 €24,860 +€19,850 +396.2%
Profit (loss) for the period 9904 €19,328 €102,710 +€83,382 +431.4%
Profit (loss) for the period to be appropriated 9905 €19,328 €102,710 +€83,382 +431.4%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.