LDH RENOVATIONS: 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 RENOVATIONS
Largest movements
- Receivables within one year -€44,787
down €44,787 (-7.1%), from €629,543 to €584,755
of which Other amounts receivable: -€60,497
- Cash -€34,340
down €34,340 (-28.6%), from €119,989 to €85,649
mainly Other debts (-€124,765) and Investment in fixed assets (net) (-€41,822)
- Deferred charges and accrued income +€23,438
up €23,438 (+1,280%), from €1,831 to €25,270
- Tangible fixed assets -€11,920
down €11,920 (-9.4%), from €126,679 to €114,759
of which Furniture and vehicles: -€42,968
- Other debts -€124,765
down €124,765 (-53.0%), from €235,256 to €110,491
- Trade debts +€25,099
up €25,099 (+8.5%), from €294,872 to €319,971
- Reserves +€15,012
up €15,012 (+5.4%), from €275,852 to €290,863
- Debts after one year +€12,736
up €12,736 (+29.1%), from €43,832 to €56,567
- Gross operating margin -€67,752
down €67,752 (-44.5%), from €152,166 to €84,413
- Other operating charges -€22,516
down €22,516 (-92.5%), from €24,337 to €1,821
- Depreciation +€19,130
up €19,130 (+52.5%), from €36,412 to €55,543
- Taxes -€18,708
down €18,708 (-74.1%), from €25,243 to €6,535
- Financial charges -€4,584
down €4,584 (-36.4%), from €12,585 to €8,002
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 | €880,986 | €811,577 | -€69,409 | -7.9% |
| Fixed assets | 21/28 | €129,623 | €115,902 | -€13,720 | -10.6% |
| Intangible fixed assets | 21 | €2,944 | €1,144 | -€1,800 | -61.1% |
| Tangible fixed assets | 22/27 | €126,679 | €114,759 | -€11,920 | -9.4% |
| Plant, machinery and equipment | 23 | €5,335 | €36,382 | +€31,047 | +582% |
| Furniture and vehicles | 24 | €121,344 | €78,376 | -€42,968 | -35.4% |
| Current assets | 29/58 | €751,363 | €695,674 | -€55,689 | -7.4% |
| Amounts receivable within one year | 40/41 | €629,543 | €584,755 | -€44,787 | -7.1% |
| Trade receivables | 40 | €522,219 | €537,929 | +€15,710 | +3.0% |
| Other amounts receivable | 41 | €107,324 | €46,827 | -€60,497 | -56.4% |
| Cash at bank and in hand | 54/58 | €119,989 | €85,649 | -€34,340 | -28.6% |
| Deferred charges and accrued income | 490/1 | €1,831 | €25,270 | +€23,438 | +1,280% |
| Total equity and liabilities | 10/49 | €880,986 | €811,577 | -€69,409 | -7.9% |
| Equity | 10/15 | €280,852 | €295,863 | +€15,012 | +5.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €275,852 | €290,863 | +€15,012 | +5.4% |
| Distributable reserves | 133 | €275,852 | €290,863 | +€15,012 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €600,135 | €515,714 | -€84,421 | -14.1% |
| Amounts payable after more than one year | 17 | €43,832 | €56,567 | +€12,736 | +29.1% |
| Financial debts | 170/4 | €43,832 | €56,567 | +€12,736 | +29.1% |
| Amounts payable within one year | 42/48 | €549,183 | €451,789 | -€97,394 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €15,229 | €19,826 | +€4,597 | +30.2% |
| Trade debts | 44 | €294,872 | €319,971 | +€25,099 | +8.5% |
| Suppliers | 440/4 | €294,872 | €319,971 | +€25,099 | +8.5% |
| Taxes, remuneration and social security | 45 | €3,826 | €1,501 | -€2,325 | -60.8% |
| Taxes | 450/3 | €3,826 | €1,501 | -€2,325 | -60.8% |
| Other amounts payable | 47/48 | €235,256 | €110,491 | -€124,765 | -53.0% |
| Accrued charges and deferred income | 492/3 | €7,119 | €7,357 | +€237 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,412 | €55,543 | +€19,130 | +52.5% |
| Other operating charges | 640/8 | €24,337 | €1,821 | -€22,516 | -92.5% |
| Gross operating margin | 9900 | €152,166 | €84,413 | -€67,752 | -44.5% |
| Operating profit (loss) | 9901 | €91,417 | €27,050 | -€64,367 | -70.4% |
| Financial income | 75/76B | €5,619 | €2,498 | -€3,120 | -55.5% |
| Recurring financial income | 75 | €5,619 | €2,498 | -€3,120 | -55.5% |
| Financial charges | 65/66B | €12,585 | €8,002 | -€4,584 | -36.4% |
| Recurring financial charges | 65 | €12,585 | €8,002 | -€4,584 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €84,450 | €21,546 | -€62,904 | -74.5% |
| Income taxes | 67/77 | €25,243 | €6,535 | -€18,708 | -74.1% |
| Profit (loss) for the period | 9904 | €59,207 | €15,012 | -€44,196 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,207 | €15,012 | -€44,196 | -74.6% |
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 30 October 2026 via checked.be.