LDG CONSTRUCT: 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.
LDG CONSTRUCT
Largest movements
- Receivables within one year -€5,958
down €5,958 (-51.7%), from €11,515 to €5,557
of which Trade receivables: -€7,238
- Tangible fixed assets +€5,517
up €5,517 (+26.4%), from €20,918 to €26,436
of which Furniture and vehicles: +€4,380
- Cash +€4,937
up €4,937 (+15.0%), from €32,845 to €37,782
mainly Debts after one year (+€10,441) and Depreciation (+€8,944)
- Deferred charges and accrued income -€1,442
down €1,442 (-62.3%), from €2,314 to €872
- Debts after one year +€10,441
up €10,441 (+403.9%), from €2,585 to €13,026
- Other debts -€7,825
down €7,825 (-66.2%), from €11,823 to €3,998
- Reserves +€6,426
up €6,426 (+29.2%), from €21,990 to €28,416
- Trade debts -€5,538
down €5,538 (-94.2%), from €5,880 to €342
- Tax, wage and social debts -€3,240
down €3,240 (-31.5%), from €10,278 to €7,039
of which Remuneration and social security: -€1,817
- Gross operating margin -€22,404
down €22,404 (-35.1%), from €63,783 to €41,380
- Staff costs -€6,053
down €6,053 (-21.9%), from €27,612 to €21,560
- Taxes -€3,256
down €3,256 (-53.5%), from €6,089 to €2,834
- Other operating charges +€1,427
new in 2025: €1,427
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 | €67,593 | €70,647 | +€3,054 | +4.5% |
| Fixed assets | 21/28 | €20,918 | €26,436 | +€5,517 | +26.4% |
| Tangible fixed assets | 22/27 | €20,918 | €26,436 | +€5,517 | +26.4% |
| Plant, machinery and equipment | 23 | €624 | €1,762 | +€1,137 | +182.2% |
| Furniture and vehicles | 24 | €20,294 | €24,674 | +€4,380 | +21.6% |
| Current assets | 29/58 | €46,675 | €44,211 | -€2,464 | -5.3% |
| Amounts receivable within one year | 40/41 | €11,515 | €5,557 | -€5,958 | -51.7% |
| Trade receivables | 40 | €11,401 | €4,163 | -€7,238 | -63.5% |
| Other amounts receivable | 41 | €115 | €1,394 | +€1,280 | +1117.3% |
| Cash at bank and in hand | 54/58 | €32,845 | €37,782 | +€4,937 | +15.0% |
| Deferred charges and accrued income | 490/1 | €2,314 | €872 | -€1,442 | -62.3% |
| Total equity and liabilities | 10/49 | €67,593 | €70,647 | +€3,054 | +4.5% |
| Equity | 10/15 | €34,990 | €41,416 | +€6,426 | +18.4% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €21,990 | €28,416 | +€6,426 | +29.2% |
| Distributable reserves | 133 | €21,990 | €28,416 | +€6,426 | +29.2% |
| Amounts payable | 17/49 | €32,603 | €29,231 | -€3,372 | -10.3% |
| Amounts payable after more than one year | 17 | €2,585 | €13,026 | +€10,441 | +403.9% |
| Financial debts | 170/4 | €2,585 | €13,026 | +€10,441 | +403.9% |
| Amounts payable within one year | 42/48 | €30,018 | €16,205 | -€13,813 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €2,037 | €4,826 | +€2,790 | +137.0% |
| Trade debts | 44 | €5,880 | €342 | -€5,538 | -94.2% |
| Suppliers | 440/4 | €5,880 | €342 | -€5,538 | -94.2% |
| Taxes, remuneration and social security | 45 | €10,278 | €7,039 | -€3,240 | -31.5% |
| Taxes | 450/3 | €6,115 | €4,692 | -€1,423 | -23.3% |
| Remuneration and social security | 454/9 | €4,163 | €2,346 | -€1,817 | -43.6% |
| Other amounts payable | 47/48 | €11,823 | €3,998 | -€7,825 | -66.2% |
| Remuneration, social security and pensions | 62 | €27,612 | €21,560 | -€6,053 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,098 | €8,944 | -€154 | -1.7% |
| Other operating charges | 640/8 | - | €1,427 | +€1,427 | |
| Gross operating margin | 9900 | €63,783 | €41,380 | -€22,404 | -35.1% |
| Operating profit (loss) | 9901 | €27,073 | €9,449 | -€17,624 | -65.1% |
| Financial income | 75/76B | €1 | €1 | -€0 | -41.7% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -41.7% |
| Financial charges | 65/66B | €113 | €191 | +€77 | +67.9% |
| Recurring financial charges | 65 | €113 | €191 | +€77 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €26,961 | €9,259 | -€17,702 | -65.7% |
| Income taxes | 67/77 | €6,089 | €2,834 | -€3,256 | -53.5% |
| Profit (loss) for the period | 9904 | €20,872 | €6,426 | -€14,446 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,872 | €6,426 | -€14,446 | -69.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.