LDH: what changed
Two financial 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.
LDH
Largest movements
- Receivables after one year -€21,500
down €21,500 (-100%), from €21,500 to €0
- Current investments +€20,000
new in 2025: €20,000
- Cash -€11,452
down €11,452 (-32.8%), from €34,952 to €23,500
mainly Contributions, distributions and other (-€64,070) and Current investments (-€20,000)
- Receivables within one year -€8,465
down €8,465 (-59.9%), from €14,133 to €5,668
of which Trade receivables: -€10,891
- Tangible fixed assets +€8,325
up €8,325 (+398%), from €2,090 to €10,415
of which Furniture and vehicles: +€6,179
- Profit (loss) carried forward -€64,070
down €64,070 (-100%), from €64,070 to €0
- Other debts +€21,436
up €21,436 (+15,710%), from €136 to €21,572
- Tax, wage and social debts +€17,385
up €17,385 (+1,989%), from €874 to €18,259
- Reserves +€13,600
new in 2025: €13,600
- Accrued charges and deferred income -€1,436
down €1,436 (-78.9%), from €1,819 to €383
- Gross operating margin -€19,374
down €19,374 (-44.7%), from €43,303 to €23,928
- Taxes -€3,300
down €3,300 (-37.2%), from €8,874 to €5,574
- Depreciation +€835
up €835 (+121%), from €690 to €1,525
- Financial income -€645
down €645 (-100%), from €645 to €0
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.
Derived cash bridge
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 | €72,825 | €60,307 | -€12,518 | -17.2% |
| Fixed assets | 21/28 | €2,090 | €10,415 | +€8,325 | +398% |
| Tangible fixed assets | 22/27 | €2,090 | €10,415 | +€8,325 | +398% |
| Land and buildings | 22 | - | €2,145 | +€2,145 | |
| Furniture and vehicles | 24 | €2,090 | €8,270 | +€6,179 | +296% |
| Current assets | 29/58 | €70,735 | €49,893 | -€20,843 | -29.5% |
| Amounts receivable after more than one year | 29 | €21,500 | €0 | -€21,500 | -100% |
| Other amounts receivable | 291 | €21,500 | €0 | -€21,500 | -100% |
| Amounts receivable within one year | 40/41 | €14,133 | €5,668 | -€8,465 | -59.9% |
| Trade receivables | 40 | €14,133 | €3,242 | -€10,891 | -77.1% |
| Other amounts receivable | 41 | - | €2,426 | +€2,426 | |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €34,952 | €23,500 | -€11,452 | -32.8% |
| Deferred charges and accrued income | 490/1 | €150 | €724 | +€574 | +383% |
| Total equity and liabilities | 10/49 | €72,825 | €60,307 | -€12,518 | -17.2% |
| Equity | 10/15 | €67,070 | €16,600 | -€50,470 | -75.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €13,600 | +€13,600 | |
| Distributable reserves | 133 | - | €13,600 | +€13,600 | |
| Profit (loss) carried forward | 14 | €64,070 | €0 | -€64,070 | -100% |
| Amounts payable | 17/49 | €5,755 | €43,707 | +€37,952 | +659% |
| Amounts payable within one year | 42/48 | €3,936 | €43,324 | +€39,388 | +1,001% |
| Trade debts | 44 | €2,926 | €3,492 | +€567 | +19.4% |
| Suppliers | 440/4 | €2,926 | €3,492 | +€567 | +19.4% |
| Taxes, remuneration and social security | 45 | €874 | €18,259 | +€17,385 | +1,989% |
| Taxes | 450/3 | €874 | €18,259 | +€17,385 | +1,989% |
| Other amounts payable | 47/48 | €136 | €21,572 | +€21,436 | +15,710% |
| Accrued charges and deferred income | 492/3 | €1,819 | €383 | -€1,436 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €1,525 | +€835 | +121% |
| Other operating charges | 640/8 | €147 | €534 | +€388 | +264% |
| Gross operating margin | 9900 | €43,303 | €23,928 | -€19,374 | -44.7% |
| Operating profit (loss) | 9901 | €42,465 | €21,869 | -€20,597 | -48.5% |
| Financial income | 75/76B | €645 | €0 | -€645 | -100% |
| Recurring financial income | 75 | €645 | €0 | -€645 | -100% |
| Financial charges | 65/66B | €2,511 | €2,695 | +€184 | +7.3% |
| Recurring financial charges | 65 | €2,511 | €2,695 | +€184 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €40,599 | €19,174 | -€21,426 | -52.8% |
| Income taxes | 67/77 | €8,874 | €5,574 | -€3,300 | -37.2% |
| Profit (loss) for the period | 9904 | €31,725 | €13,600 | -€18,125 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,725 | €13,600 | -€18,125 | -57.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.