LDF Création: what changed
What changed
LDF Création
NACE 74.120, Graphic design and visual communication
filed annual accounts (NBB)
Net result for the year
-€38,788
2024 · €5,232-€44,020
Equity
-€31,247
2024 · €8,149-€39,396
Cash
€29,450
2024 · €30,217-€767
Balance sheet total
€249,315
2024 · €172,305+€77,010
Largest movements
Assets
- Stocks and contracts +€87,166
up €87,166 (+81.7%), from €106,643 to €193,808
of which Stocks: +€87,166
- Intangible fixed assets -€5,287
down €5,287 (-24.0%), from €22,021 to €16,735
- Receivables within one year -€4,485
down €4,485 (-68.2%), from €6,574 to €2,089
of which Trade receivables: -€6,006
Equity and liabilities
- Other debts +€113,913
up €113,913 (+87.7%), from €129,885 to €243,798
- Profit (loss) carried forward -€38,788
new in 2025: -€38,788
- Trade debts +€4,302
up €4,302 (+395%), from €1,090 to €5,392
Income statement
- Gross operating margin -€43,055
down €43,055, from €10,735 to -€32,321
- Depreciation +€1,385
up €1,385 (+26.9%), from €5,156 to €6,542
- Taxes -€966
down €966 (-100%), from €966 to €0
- Other operating charges +€538
up €538 (+1,169%), from €46 to €584
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,232
Gross operating margin
-€43,055
Depreciation
-€1,385
Other operating charges
-€538
Financial income
+€0
Financial charges
-€8
Taxes
+€966
Result 2025
-€38,788
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2,538
Investment
-€2,392
Financing
-€913
Cash 2024
€30,217
From operations (derived)
+€2,538
Net result for the year
-€38,788
Depreciation
+€6,542
Stocks and contracts
-€87,166
Receivables within one year
+€4,485
Deferred charges and accrued income
+€754
Smaller working-capital items
-€135
Trade debts
+€4,302
Tax, wage and social debts
-€1,369
Other debts
+€113,913
Investment (derived)
-€2,392
Investment in fixed assets (net)
-€2,392
Financing
-€913
Short-term financial debts
-€305
Contributions, distributions and other
-€608
Cash 2025
€29,450
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,305 | €249,315 | +€77,010 | +44.7% |
| Fixed assets | 21/28 | €28,012 | €23,862 | -€4,150 | -14.8% |
| Intangible fixed assets | 21 | €22,021 | €16,735 | -€5,287 | -24.0% |
| Tangible fixed assets | 22/27 | €5,990 | €7,127 | +€1,137 | +19.0% |
| Furniture and vehicles | 24 | €4,524 | €5,814 | +€1,290 | +28.5% |
| Other tangible fixed assets | 26 | €1,466 | €1,313 | -€153 | -10.5% |
| Current assets | 29/58 | €144,294 | €225,453 | +€81,159 | +56.2% |
| Stocks and contracts in progress | 3 | €106,643 | €193,808 | +€87,166 | +81.7% |
| Stocks | 30/36 | €54,320 | €141,486 | +€87,166 | +160% |
| Contracts in progress | 37 | €52,323 | €52,323 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,574 | €2,089 | -€4,485 | -68.2% |
| Trade receivables | 40 | €6,574 | €568 | -€6,006 | -91.4% |
| Other amounts receivable | 41 | - | €1,521 | +€1,521 | |
| Cash at bank and in hand | 54/58 | €30,217 | €29,450 | -€767 | -2.5% |
| Deferred charges and accrued income | 490/1 | €860 | €106 | -€754 | -87.7% |
| Total equity and liabilities | 10/49 | €172,305 | €249,315 | +€77,010 | +44.7% |
| Equity | 10/15 | €8,149 | -€31,247 | -€39,396 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €6,181 | €6,181 | = | 0.0% |
| Distributable reserves | 133 | €6,181 | €6,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€38,788 | -€38,788 | |
| Investment grants | 15 | €1,868 | €1,260 | -€608 | -32.5% |
| Provisions and deferred taxes | 16 | €467 | €315 | -€152 | -32.5% |
| Deferred taxes | 168 | €467 | €315 | -€152 | -32.5% |
| Amounts payable | 17/49 | €163,690 | €280,247 | +€116,558 | +71.2% |
| Amounts payable within one year | 42/48 | €163,690 | €280,230 | +€116,541 | +71.2% |
| Financial debts | 43 | €322 | €16 | -€305 | -95.0% |
| Other loans | 439 | €322 | €16 | -€305 | -95.0% |
| Trade debts | 44 | €1,090 | €5,392 | +€4,302 | +395% |
| Suppliers | 440/4 | €1,090 | €5,392 | +€4,302 | +395% |
| Advances received on contracts in progress | 46 | €30,058 | €30,058 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,336 | €966 | -€1,369 | -58.6% |
| Taxes | 450/3 | €2,336 | €966 | -€1,369 | -58.6% |
| Other amounts payable | 47/48 | €129,885 | €243,798 | +€113,913 | +87.7% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,156 | €6,542 | +€1,385 | +26.9% |
| Other operating charges | 640/8 | €46 | €584 | +€538 | +1,169% |
| Gross operating margin | 9900 | €10,735 | -€32,321 | -€43,055 | |
| Operating profit (loss) | 9901 | €5,532 | -€39,446 | -€44,978 | |
| Financial income | 75/76B | €608 | €608 | +€0 | 0.0% |
| Recurring financial income | 75 | €608 | €608 | +€0 | 0.0% |
| Financial charges | 65/66B | €94 | €102 | +€8 | +8.8% |
| Recurring financial charges | 65 | €94 | €102 | +€8 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €6,046 | -€38,940 | -€44,987 | |
| Transfer from deferred taxes | 780 | €152 | €152 | = | 0.0% |
| Income taxes | 67/77 | €966 | €0 | -€966 | -100% |
| Profit (loss) for the period | 9904 | €5,232 | -€38,788 | -€44,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,232 | -€38,788 | -€44,020 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.