LDCO: 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.
LDCO
Largest movements
- Current investments +€6,989
up €6,989 (+35.5%), from €19,713 to €26,702
- Receivables within one year -€2,726
down €2,726 (-49.9%), from €5,463 to €2,738
of which Trade receivables: -€3,254
- Stocks and contracts -€1,765
down €1,765 (-5.8%), from €30,542 to €28,777
- Cash -€1,002
down €1,002 (-23.2%), from €4,313 to €3,311
mainly Current investments (-€6,989) and Net result for the year (-€4,467)
- Accrued charges and deferred income +€6,989
up €6,989 (+51.6%), from €13,540 to €20,529
- Profit (loss) carried forward -€4,467
down €4,467 (-1.6%), from -€274,148 to -€278,615
- Other debts -€1,000
down €1,000 (-0.7%), from €137,356 to €136,356
- Write-downs -€38,751
down €38,751 (-95.6%), from €40,516 to €1,765
- Turnover -€13,400
no longer reported in 2025 (was €13,400)
- Purchases and services -€12,282
no longer reported in 2025 (was €12,282)
- Other operating charges +€1,375
up €1,375 (+242.9%), from €566 to €1,941
- Gross operating margin -€325
down €325 (-50.9%), from -€640 to -€965
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 | €60,032 | €61,527 | +€1,496 | +2.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €60,032 | €61,527 | +€1,496 | +2.5% |
| Stocks and contracts in progress | 3 | €30,542 | €28,777 | -€1,765 | -5.8% |
| Stocks | 30/36 | €30,542 | €28,777 | -€1,765 | -5.8% |
| Amounts receivable within one year | 40/41 | €5,463 | €2,738 | -€2,726 | -49.9% |
| Trade receivables | 40 | €4,222 | €968 | -€3,254 | -77.1% |
| Other amounts receivable | 41 | €1,242 | €1,770 | +€528 | +42.5% |
| Current investments | 50/53 | €19,713 | €26,702 | +€6,989 | +35.5% |
| Cash at bank and in hand | 54/58 | €4,313 | €3,311 | -€1,002 | -23.2% |
| Total equity and liabilities | 10/49 | €60,032 | €61,527 | +€1,496 | +2.5% |
| Equity | 10/15 | -€91,255 | -€95,722 | -€4,467 | -4.9% |
| Contributions | 10/11 | €182,250 | €182,250 | = | 0.0% |
| Capital | 10 | €182,250 | €182,250 | = | 0.0% |
| Issued capital | 100 | €182,250 | €182,250 | = | 0.0% |
| Reserves | 13 | €643 | €643 | = | 0.0% |
| Non-distributable reserves | 130/1 | €643 | €643 | = | 0.0% |
| Legal reserve | 130 | €643 | €643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,148 | -€278,615 | -€4,467 | -1.6% |
| Amounts payable | 17/49 | €151,287 | €157,249 | +€5,962 | +3.9% |
| Amounts payable within one year | 42/48 | €137,747 | €136,720 | -€1,027 | -0.7% |
| Trade debts | 44 | €391 | €364 | -€27 | -6.8% |
| Suppliers | 440/4 | €391 | €364 | -€27 | -6.8% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €137,356 | €136,356 | -€1,000 | -0.7% |
| Accrued charges and deferred income | 492/3 | €13,540 | €20,529 | +€6,989 | +51.6% |
| Turnover | 70 | €13,400 | - | -€13,400 | |
| Goods, raw materials, services and sundry goods | 60/61 | €12,282 | - | -€12,282 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,516 | €1,765 | -€38,751 | -95.6% |
| Other operating charges | 640/8 | €566 | €1,941 | +€1,375 | +242.9% |
| Gross operating margin | 9900 | -€640 | -€965 | -€325 | -50.9% |
| Operating profit (loss) | 9901 | -€41,722 | -€4,672 | +€37,051 | +88.8% |
| Financial income | 75/76B | €407 | €434 | +€27 | +6.5% |
| Recurring financial income | 75 | €407 | €434 | +€27 | +6.5% |
| Financial charges | 65/66B | €198 | €229 | +€31 | +15.7% |
| Recurring financial charges | 65 | €198 | €229 | +€31 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,513 | -€4,467 | +€37,046 | +89.2% |
| Profit (loss) for the period | 9904 | -€41,513 | -€4,467 | +€37,046 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,513 | -€4,467 | +€37,046 | +89.2% |
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 30 September 2026 via checked.be.