LDH MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€28,506
up €28,506 (+88.5%), from €32,206 to €60,712
mainly Net result for the year (+€19,609) and Short-term financial debts (+€6,000)
- Receivables within one year -€5,401
down €5,401 (-24.1%), from €22,384 to €16,983
of which Trade receivables: -€13,634
- Profit (loss) carried forward +€19,609
up €19,609 (+55.6%), from €35,284 to €54,893
- Short-term financial debts +€6,000
new in 2025: €6,000
- Trade debts -€3,142
down €3,142 (-82.2%), from €3,821 to €680
- Tax, wage and social debts +€1,017
up €1,017 (+8.0%), from €12,684 to €13,701
of which Remuneration and social security: +€2,000
- Gross operating margin +€8,456
up €8,456 (+45.5%), from €18,601 to €27,057
- Taxes +€3,705
up €3,705 (+97.6%), from €3,795 to €7,499
- Depreciation -€809
no longer reported in 2025 (was €809)
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 | €54,590 | €77,773 | +€23,183 | +42.5% |
| Current assets | 29/58 | €54,590 | €77,773 | +€23,183 | +42.5% |
| Amounts receivable within one year | 40/41 | €22,384 | €16,983 | -€5,401 | -24.1% |
| Trade receivables | 40 | €22,384 | €8,750 | -€13,634 | -60.9% |
| Other amounts receivable | 41 | - | €8,233 | +€8,233 | |
| Cash at bank and in hand | 54/58 | €32,206 | €60,712 | +€28,506 | +88.5% |
| Deferred charges and accrued income | 490/1 | - | €79 | +€79 | |
| Total equity and liabilities | 10/49 | €54,590 | €77,773 | +€23,183 | +42.5% |
| Equity | 10/15 | €37,784 | €57,393 | +€19,609 | +51.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,284 | €54,893 | +€19,609 | +55.6% |
| Amounts payable | 17/49 | €16,806 | €20,380 | +€3,574 | +21.3% |
| Amounts payable within one year | 42/48 | €16,806 | €20,380 | +€3,574 | +21.3% |
| Financial debts | 43 | - | €6,000 | +€6,000 | |
| Credit institutions | 430/8 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | €3,821 | €680 | -€3,142 | -82.2% |
| Suppliers | 440/4 | €3,821 | €680 | -€3,142 | -82.2% |
| Taxes, remuneration and social security | 45 | €12,684 | €13,701 | +€1,017 | +8.0% |
| Taxes | 450/3 | €12,684 | €11,701 | -€983 | -7.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | - | -€809 | |
| Other operating charges | 640/8 | €124 | €89 | -€35 | -28.1% |
| Gross operating margin | 9900 | €18,601 | €27,057 | +€8,456 | +45.5% |
| Operating profit (loss) | 9901 | €17,668 | €26,968 | +€9,300 | +52.6% |
| Financial income | 75/76B | - | €214 | +€214 | |
| Recurring financial income | 75 | - | €214 | +€214 | |
| Financial charges | 65/66B | €145 | €74 | -€72 | -49.4% |
| Recurring financial charges | 65 | €145 | €74 | -€72 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €17,522 | €27,108 | +€9,586 | +54.7% |
| Income taxes | 67/77 | €3,795 | €7,499 | +€3,705 | +97.6% |
| Profit (loss) for the period | 9904 | €13,727 | €19,609 | +€5,882 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,727 | €19,609 | +€5,882 | +42.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.