ldcon: 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.
ldcon
Largest movements
- Cash -€34,663
down €34,663 (-89.5%), from €38,720 to €4,057
mainly Net result for the year (-€52,795) and Tax, wage and social debts (-€1,218)
- Tangible fixed assets -€8,752
down €8,752 (-50.3%), from €17,388 to €8,636
- Receivables within one year -€8,455
down €8,455 (-98.2%), from €8,611 to €156
of which Trade receivables: -€5,288
- Deferred charges and accrued income -€1,440
down €1,440 (-93.2%), from €1,545 to €105
- Profit (loss) carried forward -€52,795
down €52,795 (-134.5%), from -€39,258 to -€92,052
- Tax, wage and social debts -€1,218
down €1,218 (-77.2%), from €1,579 to €361
- Other debts +€715
up €715, from €0 to €715
- Gross operating margin -€7,323
down €7,323 (-20.4%), from -€35,849 to -€43,172
- Depreciation +€5,661
up €5,661 (+183.1%), from €3,091 to €8,752
- Other operating charges +€465
up €465 (+369.2%), from €126 to €591
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 | €66,264 | €12,954 | -€53,310 | -80.5% |
| Fixed assets | 21/28 | €17,388 | €8,636 | -€8,752 | -50.3% |
| Tangible fixed assets | 22/27 | €17,388 | €8,636 | -€8,752 | -50.3% |
| Furniture and vehicles | 24 | €17,388 | €8,636 | -€8,752 | -50.3% |
| Current assets | 29/58 | €48,876 | €4,318 | -€44,558 | -91.2% |
| Amounts receivable within one year | 40/41 | €8,611 | €156 | -€8,455 | -98.2% |
| Trade receivables | 40 | €5,288 | €0 | -€5,288 | -100.0% |
| Other amounts receivable | 41 | €3,324 | €156 | -€3,168 | -95.3% |
| Cash at bank and in hand | 54/58 | €38,720 | €4,057 | -€34,663 | -89.5% |
| Deferred charges and accrued income | 490/1 | €1,545 | €105 | -€1,440 | -93.2% |
| Total equity and liabilities | 10/49 | €66,264 | €12,954 | -€53,310 | -80.5% |
| Equity | 10/15 | €64,189 | €11,394 | -€52,795 | -82.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €100,946 | €100,946 | = | 0.0% |
| Distributable reserves | 133 | €100,946 | €100,946 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,258 | -€92,052 | -€52,795 | -134.5% |
| Amounts payable | 17/49 | €2,075 | €1,560 | -€515 | -24.8% |
| Amounts payable within one year | 42/48 | €2,075 | €1,560 | -€515 | -24.8% |
| Trade debts | 44 | €496 | €485 | -€11 | -2.3% |
| Suppliers | 440/4 | €496 | €485 | -€11 | -2.3% |
| Taxes, remuneration and social security | 45 | €1,579 | €361 | -€1,218 | -77.2% |
| Taxes | 450/3 | €1,579 | €361 | -€1,218 | -77.2% |
| Other amounts payable | 47/48 | €0 | €715 | +€715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,091 | €8,752 | +€5,661 | +183.1% |
| Other operating charges | 640/8 | €126 | €591 | +€465 | +369.2% |
| Gross operating margin | 9900 | -€35,849 | -€43,172 | -€7,323 | -20.4% |
| Operating profit (loss) | 9901 | -€39,067 | -€52,515 | -€13,449 | -34.4% |
| Financial income | 75/76B | €283 | €3 | -€280 | -99.1% |
| Recurring financial income | 75 | €283 | €3 | -€280 | -99.1% |
| Financial charges | 65/66B | €286 | €110 | -€177 | -61.7% |
| Recurring financial charges | 65 | €286 | €110 | -€177 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | -€39,070 | -€52,622 | -€13,552 | -34.7% |
| Income taxes | 67/77 | €188 | €173 | -€15 | -8.0% |
| Profit (loss) for the period | 9904 | -€39,258 | -€52,795 | -€13,537 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,258 | -€52,795 | -€13,537 | -34.5% |
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 6 October 2026 via checked.be.