LDHX: 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.
LDHX
Largest movements
- Cash -€38,596
down €38,596 (-83.5%), from €46,217 to €7,621
mainly Receivables within one year (-€14,674) and Deferred charges and accrued income (-€11,329)
- Receivables within one year +€14,674
up €14,674 (+10.0%), from €146,209 to €160,882
- Deferred charges and accrued income +€11,329
up €11,329 (+137.7%), from €8,228 to €19,557
- Tangible fixed assets -€4,868
down €4,868 (-21.5%), from €22,601 to €17,733
of which Furniture and vehicles: -€4,034
- Tax, wage and social debts -€7,231
down €7,231 (-100.0%), from €7,231 to €0
- Reserves -€5,972
down €5,972 (-3.3%), from €181,477 to €175,505
- Other debts -€2,785
down €2,785 (-21.1%), from €13,192 to €10,408
- Gross operating margin -€58,518
down €58,518, from €56,672 to -€1,846
- Taxes -€14,511
down €14,511 (-85.0%), from €17,064 to €2,553
- Financial income +€2,231
up €2,231 (+95.3%), from €2,341 to €4,571
- Financial charges -€1,031
down €1,031 (-54.0%), from €1,908 to €877
- Depreciation +€793
up €793 (+19.5%), from €4,075 to €4,868
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 | €223,254 | €205,794 | -€17,460 | -7.8% |
| Fixed assets | 21/28 | €22,601 | €17,733 | -€4,868 | -21.5% |
| Tangible fixed assets | 22/27 | €22,601 | €17,733 | -€4,868 | -21.5% |
| Land and buildings | 22 | €7,043 | €6,727 | -€316 | -4.5% |
| Plant, machinery and equipment | 23 | €4,531 | €4,013 | -€518 | -11.4% |
| Furniture and vehicles | 24 | €11,027 | €6,993 | -€4,034 | -36.6% |
| Current assets | 29/58 | €200,653 | €188,061 | -€12,593 | -6.3% |
| Amounts receivable within one year | 40/41 | €146,209 | €160,882 | +€14,674 | +10.0% |
| Other amounts receivable | 41 | €146,209 | €160,882 | +€14,674 | +10.0% |
| Cash at bank and in hand | 54/58 | €46,217 | €7,621 | -€38,596 | -83.5% |
| Deferred charges and accrued income | 490/1 | €8,228 | €19,557 | +€11,329 | +137.7% |
| Total equity and liabilities | 10/49 | €223,254 | €205,794 | -€17,460 | -7.8% |
| Equity | 10/15 | €200,027 | €194,055 | -€5,972 | -3.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €181,477 | €175,505 | -€5,972 | -3.3% |
| Distributable reserves | 133 | €181,477 | €175,505 | -€5,972 | -3.3% |
| Amounts payable | 17/49 | €23,227 | €11,739 | -€11,488 | -49.5% |
| Amounts payable within one year | 42/48 | €21,614 | €11,138 | -€10,477 | -48.5% |
| Financial debts | 43 | €430 | €137 | -€293 | -68.2% |
| Credit institutions | 430/8 | €430 | €137 | -€293 | -68.2% |
| Trade debts | 44 | €761 | €593 | -€168 | -22.1% |
| Suppliers | 440/4 | €761 | €593 | -€168 | -22.1% |
| Taxes, remuneration and social security | 45 | €7,231 | €0 | -€7,231 | -100.0% |
| Taxes | 450/3 | €7,231 | €0 | -€7,231 | -100.0% |
| Other amounts payable | 47/48 | €13,192 | €10,408 | -€2,785 | -21.1% |
| Accrued charges and deferred income | 492/3 | €1,613 | €601 | -€1,011 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,075 | €4,868 | +€793 | +19.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €56,672 | -€1,846 | -€58,518 | |
| Operating profit (loss) | 9901 | €52,210 | -€7,113 | -€59,323 | |
| Financial income | 75/76B | €2,341 | €4,571 | +€2,231 | +95.3% |
| Recurring financial income | 75 | €2,341 | €4,571 | +€2,231 | +95.3% |
| Financial charges | 65/66B | €1,908 | €877 | -€1,031 | -54.0% |
| Recurring financial charges | 65 | €1,908 | €877 | -€1,031 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €52,642 | -€3,419 | -€56,061 | |
| Income taxes | 67/77 | €17,064 | €2,553 | -€14,511 | -85.0% |
| Profit (loss) for the period | 9904 | €35,578 | -€5,972 | -€41,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,578 | -€5,972 | -€41,550 |
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 9 October 2026 via checked.be.