LDI: 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.
LDI
Largest movements
- Cash -€25,947
down €25,947 (-32.6%), from €79,574 to €53,627
mainly Net result for the year (-€37,856) and Tax, wage and social debts (-€27,542)
- Stocks and contracts -€13,176
down €13,176 (-12.5%), from €105,617 to €92,441
- Receivables within one year -€8,724
down €8,724 (-95.1%), from €9,176 to €452
- Tangible fixed assets +€4,614
up €4,614 (+9.8%), from €47,113 to €51,727
of which Furniture and vehicles: +€16,296
- Profit (loss) carried forward -€37,856
down €37,856 (-17.1%), from -€221,852 to -€259,708
- Trade debts +€37,417
up €37,417 (+22.0%), from €170,197 to €207,615
- Tax, wage and social debts -€27,542
down €27,542 (-74.7%), from €36,845 to €9,304
of which Taxes: -€27,557
- Advances received -€13,462
no longer reported in 2024 (was €13,462)
- Gross operating margin -€71,820
down €71,820 (-78.8%), from €91,125 to €19,305
- Depreciation +€5,379
up €5,379 (+43.9%), from €12,256 to €17,635
- Financial charges -€1,102
down €1,102 (-57.2%), from €1,926 to €824
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,480 | €198,247 | -€43,233 | -17.9% |
| Fixed assets | 21/28 | €47,113 | €51,727 | +€4,614 | +9.8% |
| Tangible fixed assets | 22/27 | €47,113 | €51,727 | +€4,614 | +9.8% |
| Plant, machinery and equipment | 23 | €45,613 | €33,931 | -€11,682 | -25.6% |
| Furniture and vehicles | 24 | €1,500 | €17,796 | +€16,296 | +1,086% |
| Current assets | 29/58 | €194,367 | €146,520 | -€47,847 | -24.6% |
| Stocks and contracts in progress | 3 | €105,617 | €92,441 | -€13,176 | -12.5% |
| Stocks | 30/36 | €105,617 | €92,441 | -€13,176 | -12.5% |
| Amounts receivable within one year | 40/41 | €9,176 | €452 | -€8,724 | -95.1% |
| Other amounts receivable | 41 | €9,176 | €452 | -€8,724 | -95.1% |
| Cash at bank and in hand | 54/58 | €79,574 | €53,627 | -€25,947 | -32.6% |
| Total equity and liabilities | 10/49 | €241,480 | €198,247 | -€43,233 | -17.9% |
| Equity | 10/15 | -€189,560 | -€227,416 | -€37,856 | -20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,692 | €13,692 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €11,832 | €13,692 | +€1,860 | +15.7% |
| Profit (loss) carried forward | 14 | -€221,852 | -€259,708 | -€37,856 | -17.1% |
| Amounts payable | 17/49 | €431,040 | €425,663 | -€5,377 | -1.2% |
| Amounts payable within one year | 42/48 | €431,040 | €425,663 | -€5,377 | -1.2% |
| Trade debts | 44 | €170,197 | €207,615 | +€37,417 | +22.0% |
| Suppliers | 440/4 | €170,197 | €207,615 | +€37,417 | +22.0% |
| Advances received on contracts in progress | 46 | €13,462 | - | -€13,462 | |
| Taxes, remuneration and social security | 45 | €36,845 | €9,304 | -€27,542 | -74.7% |
| Taxes | 450/3 | €29,522 | €1,965 | -€27,557 | -93.3% |
| Remuneration and social security | 454/9 | €7,323 | €7,339 | +€15 | +0.2% |
| Other amounts payable | 47/48 | €210,535 | €208,745 | -€1,790 | -0.9% |
| Non-recurring operating income | 76A | - | €12,500 | +€12,500 | |
| Remuneration, social security and pensions | 62 | €36,749 | €36,537 | -€212 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,256 | €17,635 | +€5,379 | +43.9% |
| Other operating charges | 640/8 | €1,852 | €2,208 | +€356 | +19.2% |
| Gross operating margin | 9900 | €91,125 | €19,305 | -€71,820 | -78.8% |
| Operating profit (loss) | 9901 | €40,269 | -€37,075 | -€77,344 | |
| Financial income | 75/76B | €454 | €43 | -€411 | -90.5% |
| Recurring financial income | 75 | €454 | €43 | -€411 | -90.5% |
| Financial charges | 65/66B | €1,926 | €824 | -€1,102 | -57.2% |
| Recurring financial charges | 65 | €1,926 | €824 | -€1,102 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €38,796 | -€37,856 | -€76,652 | |
| Profit (loss) for the period | 9904 | €38,796 | -€37,856 | -€76,652 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,796 | -€37,856 | -€76,652 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.