LDG BUSINESS: what changed
LDG BUSINESS
Largest movements
- Receivables within one year +€5,428
up €5,428 (+113%), from €4,808 to €10,237
of which Other amounts receivable: +€4,233
- Tangible fixed assets -€2,421
down €2,421 (-43.2%), from €5,602 to €3,181
of which Plant, machinery and equipment: -€1,900
- Cash -€1,193
down €1,193 (-45.4%), from €2,628 to €1,435
mainly Net result for the year (-€9,086) and Receivables within one year (-€5,428)
- Other debts +€13,053
up €13,053 (+267%), from €4,897 to €17,949
- Profit (loss) carried forward -€9,086
down €9,086 (-113%), from -€8,009 to -€17,094
- Trade debts -€1,371
down €1,371 (-9.6%), from €14,257 to €12,886
- Tax, wage and social debts -€705
down €705 (-52.2%), from €1,352 to €646
- Turnover -€19,075
down €19,075 (-13.7%), from €138,911 to €119,835
- Purchases and services -€18,477
down €18,477 (-13.8%), from €133,966 to €115,489
- Staff costs +€4,170
up €4,170 (+48.3%), from €8,630 to €12,800
- Gross operating margin +€1,802
up €1,802 (+36.4%), from €4,945 to €6,746
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,697 | €15,588 | +€1,891 | +13.8% |
| Fixed assets | 21/28 | €5,602 | €3,181 | -€2,421 | -43.2% |
| Tangible fixed assets | 22/27 | €5,602 | €3,181 | -€2,421 | -43.2% |
| Plant, machinery and equipment | 23 | €3,800 | €1,900 | -€1,900 | -50.0% |
| Furniture and vehicles | 24 | €1,802 | €1,281 | -€521 | -28.9% |
| Current assets | 29/58 | €8,095 | €12,407 | +€4,311 | +53.3% |
| Stocks and contracts in progress | 3 | €659 | €735 | +€76 | +11.5% |
| Stocks | 30/36 | €659 | €735 | +€76 | +11.5% |
| Amounts receivable within one year | 40/41 | €4,808 | €10,237 | +€5,428 | +113% |
| Trade receivables | 40 | - | €1,195 | +€1,195 | |
| Other amounts receivable | 41 | €4,808 | €9,042 | +€4,233 | +88.0% |
| Cash at bank and in hand | 54/58 | €2,628 | €1,435 | -€1,193 | -45.4% |
| Total equity and liabilities | 10/49 | €13,697 | €15,588 | +€1,891 | +13.8% |
| Equity | 10/15 | -€6,809 | -€15,894 | -€9,086 | -133% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,009 | -€17,094 | -€9,086 | -113% |
| Amounts payable | 17/49 | €20,506 | €31,482 | +€10,976 | +53.5% |
| Amounts payable within one year | 42/48 | €20,506 | €31,482 | +€10,976 | +53.5% |
| Trade debts | 44 | €14,257 | €12,886 | -€1,371 | -9.6% |
| Suppliers | 440/4 | €14,257 | €12,886 | -€1,371 | -9.6% |
| Taxes, remuneration and social security | 45 | €1,352 | €646 | -€705 | -52.2% |
| Remuneration and social security | 454/9 | €1,352 | €646 | -€705 | -52.2% |
| Other amounts payable | 47/48 | €4,897 | €17,949 | +€13,053 | +267% |
| Turnover | 70 | €138,911 | €119,835 | -€19,075 | -13.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €133,966 | €115,489 | -€18,477 | -13.8% |
| Remuneration, social security and pensions | 62 | €8,630 | €12,800 | +€4,170 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,421 | €2,421 | = | 0.0% |
| Other operating charges | 640/8 | €1,767 | €463 | -€1,304 | -73.8% |
| Gross operating margin | 9900 | €4,945 | €6,746 | +€1,802 | +36.4% |
| Operating profit (loss) | 9901 | -€7,873 | -€8,938 | -€1,065 | -13.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €135 | €149 | +€13 | +10.0% |
| Recurring financial charges | 65 | €135 | €149 | +€13 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,009 | -€9,086 | -€1,077 | -13.4% |
| Profit (loss) for the period | 9904 | -€8,009 | -€9,086 | -€1,077 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,009 | -€9,086 | -€1,077 | -13.4% |
Next steps
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 1 November 2026 via checked.be.