LDHS: 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.
LDHS
Largest movements
- Cash -€94,276
down €94,276 (-66.9%), from €140,852 to €46,576
mainly Other debts (-€83,952) and Contributions, distributions and other (-€33,000)
- Receivables within one year -€7,913
down €7,913 (-48.4%), from €16,349 to €8,435
of which Trade receivables: -€9,343
- Tangible fixed assets -€7,200
down €7,200 (-36.4%), from €19,801 to €12,601
- Other debts -€83,952
down €83,952 (-71.1%), from €118,083 to €34,132
- Profit (loss) carried forward -€10,297
down €10,297 (-91.2%), from €11,286 to €989
- Tax, wage and social debts -€6,618
down €6,618 (-40.8%), from €16,200 to €9,583
of which Taxes: -€4,810
- Trade debts -€4,529
down €4,529 (-22.7%), from €19,976 to €15,447
of which Suppliers: -€4,529
- Debts after one year -€3,859
down €3,859 (-53.5%), from €7,210 to €3,351
- Gross operating margin -€16,969
down €16,969 (-31.7%), from €53,581 to €36,612
- Taxes -€3,569
down €3,569 (-38.2%), from €9,341 to €5,772
- Depreciation -€2,820
down €2,820 (-28.1%), from €10,021 to €7,200
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 | €178,445 | €69,360 | -€109,085 | -61.1% |
| Fixed assets | 21/28 | €20,101 | €12,901 | -€7,200 | -35.8% |
| Tangible fixed assets | 22/27 | €19,801 | €12,601 | -€7,200 | -36.4% |
| Furniture and vehicles | 24 | €19,801 | €12,601 | -€7,200 | -36.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €158,344 | €56,459 | -€101,885 | -64.3% |
| Amounts receivable within one year | 40/41 | €16,349 | €8,435 | -€7,913 | -48.4% |
| Trade receivables | 40 | €15,051 | €5,707 | -€9,343 | -62.1% |
| Other amounts receivable | 41 | €1,298 | €2,728 | +€1,430 | +110.1% |
| Cash at bank and in hand | 54/58 | €140,852 | €46,576 | -€94,276 | -66.9% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,448 | +€305 | +26.6% |
| Total equity and liabilities | 10/49 | €178,445 | €69,360 | -€109,085 | -61.1% |
| Equity | 10/15 | €13,286 | €2,989 | -€10,297 | -77.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,286 | €989 | -€10,297 | -91.2% |
| Amounts payable | 17/49 | €165,159 | €66,371 | -€98,788 | -59.8% |
| Amounts payable after more than one year | 17 | €7,210 | €3,351 | -€3,859 | -53.5% |
| Financial debts | 170/4 | €7,210 | €3,351 | -€3,859 | -53.5% |
| Amounts payable within one year | 42/48 | €157,950 | €63,020 | -€94,929 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €3,690 | €3,859 | +€169 | +4.6% |
| Trade debts | 44 | €19,976 | €15,447 | -€4,529 | -22.7% |
| Suppliers | 440/4 | €11,407 | €6,877 | -€4,529 | -39.7% |
| Bills of exchange payable | 441 | €8,570 | €8,570 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,200 | €9,583 | -€6,618 | -40.8% |
| Taxes | 450/3 | €14,392 | €9,583 | -€4,810 | -33.4% |
| Remuneration and social security | 454/9 | €1,808 | - | -€1,808 | |
| Other amounts payable | 47/48 | €118,083 | €34,132 | -€83,952 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,021 | €7,200 | -€2,820 | -28.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €53,581 | €36,612 | -€16,969 | -31.7% |
| Operating profit (loss) | 9901 | €43,172 | €29,012 | -€14,161 | -32.8% |
| Financial income | 75/76B | €46 | €62 | +€16 | +34.6% |
| Recurring financial income | 75 | €46 | €62 | +€16 | +34.6% |
| Financial charges | 65/66B | €751 | €599 | -€152 | -20.3% |
| Recurring financial charges | 65 | €751 | €599 | -€152 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €42,468 | €28,475 | -€13,993 | -32.9% |
| Income taxes | 67/77 | €9,341 | €5,772 | -€3,569 | -38.2% |
| Profit (loss) for the period | 9904 | €33,127 | €22,703 | -€10,424 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,127 | €22,703 | -€10,424 | -31.5% |
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 12 October 2026 via checked.be.