LDH IMMO: 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.
LDH IMMO
Largest movements
- Tangible fixed assets +€269,452
up €269,452 (+47.4%), from €568,828 to €838,281
of which Land and buildings: +€251,312
- Receivables within one year -€161,447
down €161,447 (-56.9%), from €283,963 to €122,516
of which Other amounts receivable: -€135,484
- Cash +€47,668
up €47,668 (+1477.1%), from €3,227 to €50,895
mainly Debts after one year (+€220,317) and Receivables within one year (+€161,447)
- Debts after one year +€220,317
up €220,317 (+59.0%), from €373,605 to €593,921
of which Financial debts: +€220,317
- Other debts -€94,533
down €94,533 (-36.9%), from €255,868 to €161,335
- Trade debts +€21,401
up €21,401 (+304.8%), from €7,022 to €28,423
- Other operating charges +€43,335
up €43,335 (+656.8%), from €6,598 to €49,933
- Taxes -€10,654
down €10,654 (-68.4%), from €15,571 to €4,917
- Depreciation -€4,265
down €4,265 (-13.7%), from €31,128 to €26,863
- Gross operating margin -€1,836
down €1,836 (-1.6%), from €113,111 to €111,275
- Staff costs -€1,542
down €1,542 (-8.4%), from €18,302 to €16,760
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 | €864,413 | €1,020,411 | +€155,998 | +18.0% |
| Fixed assets | 21/28 | €568,828 | €838,281 | +€269,452 | +47.4% |
| Tangible fixed assets | 22/27 | €568,828 | €838,281 | +€269,452 | +47.4% |
| Land and buildings | 22 | €543,540 | €794,851 | +€251,312 | +46.2% |
| Furniture and vehicles | 24 | €25,289 | €43,429 | +€18,141 | +71.7% |
| Current assets | 29/58 | €295,585 | €182,130 | -€113,455 | -38.4% |
| Amounts receivable within one year | 40/41 | €283,963 | €122,516 | -€161,447 | -56.9% |
| Trade receivables | 40 | €38,666 | €12,702 | -€25,963 | -67.1% |
| Other amounts receivable | 41 | €245,298 | €109,814 | -€135,484 | -55.2% |
| Cash at bank and in hand | 54/58 | €3,227 | €50,895 | +€47,668 | +1477.1% |
| Deferred charges and accrued income | 490/1 | €8,394 | €8,719 | +€325 | +3.9% |
| Total equity and liabilities | 10/49 | €864,413 | €1,020,411 | +€155,998 | +18.0% |
| Equity | 10/15 | €154,618 | €160,981 | +€6,363 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,018 | €142,381 | +€6,363 | +4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €134,158 | €140,521 | +€6,363 | +4.7% |
| Amounts payable | 17/49 | €709,795 | €859,430 | +€149,635 | +21.1% |
| Amounts payable after more than one year | 17 | €373,605 | €593,921 | +€220,317 | +59.0% |
| Financial debts | 170/4 | €369,705 | €590,021 | +€220,317 | +59.6% |
| Other amounts payable | 178/9 | €3,900 | €3,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €334,650 | €263,301 | -€71,349 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €38,253 | €46,213 | +€7,959 | +20.8% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €7,022 | €28,423 | +€21,401 | +304.8% |
| Suppliers | 440/4 | €7,022 | €28,423 | +€21,401 | +304.8% |
| Taxes, remuneration and social security | 45 | €33,506 | €27,308 | -€6,198 | -18.5% |
| Taxes | 450/3 | €27,685 | €15,496 | -€12,189 | -44.0% |
| Remuneration and social security | 454/9 | €5,822 | €11,812 | +€5,991 | +102.9% |
| Other amounts payable | 47/48 | €255,868 | €161,335 | -€94,533 | -36.9% |
| Accrued charges and deferred income | 492/3 | €1,540 | €2,207 | +€667 | +43.3% |
| Remuneration, social security and pensions | 62 | €18,302 | €16,760 | -€1,542 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,128 | €26,863 | -€4,265 | -13.7% |
| Other operating charges | 640/8 | €6,598 | €49,933 | +€43,335 | +656.8% |
| Gross operating margin | 9900 | €113,111 | €111,275 | -€1,836 | -1.6% |
| Operating profit (loss) | 9901 | €57,083 | €17,719 | -€39,364 | -69.0% |
| Financial income | 75/76B | €7,214 | €7,357 | +€143 | +2.0% |
| Recurring financial income | 75 | €7,214 | €7,357 | +€143 | +2.0% |
| Financial charges | 65/66B | €12,356 | €13,796 | +€1,440 | +11.7% |
| Recurring financial charges | 65 | €12,356 | €13,796 | +€1,440 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €51,941 | €11,280 | -€40,661 | -78.3% |
| Income taxes | 67/77 | €15,571 | €4,917 | -€10,654 | -68.4% |
| Profit (loss) for the period | 9904 | €36,369 | €6,363 | -€30,006 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,369 | €6,363 | -€30,006 | -82.5% |
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 5 October 2026 via checked.be.