LDK Bouw: what changed
LDK Bouw
Largest movements
- Tangible fixed assets +€136,506
up €136,506 (+117%), from €117,161 to €253,667
of which Furniture and vehicles: +€162,869
- Stocks and contracts +€11,162
up €11,162 (+34.4%), from €32,406 to €43,568
of which Contracts in progress: +€6,603
- Receivables within one year +€10,202
up €10,202 (+9.9%), from €103,206 to €113,408
of which Other amounts receivable: +€5,858
- Cash -€8,531
down €8,531 (-11.7%), from €73,147 to €64,616
mainly Investment in fixed assets (net) (-€178,793) and Contributions, distributions and other (-€101,172)
- Debts after one year +€115,886
up €115,886 (+139%), from €83,277 to €199,163
- Other debts +€103,518
up €103,518 (+3,944%), from €2,625 to €106,142
- Reserves -€91,861
down €91,861 (-60.5%), from €151,902 to €60,041
- Current portion of long-term debt +€17,515
up €17,515 (+62.5%), from €28,045 to €45,560
- Trade debts +€11,616
up €11,616 (+20.5%), from €56,622 to €68,238
- Staff costs +€49,405
up €49,405 (+38.2%), from €129,270 to €178,676
- Gross operating margin +€42,969
up €42,969 (+20.7%), from €207,878 to €250,848
- Depreciation +€9,639
up €9,639 (+29.5%), from €32,648 to €42,287
- Financial charges -€2,943
down €2,943 (-15.7%), from €18,702 to €15,759
- Taxes -€2,807
down €2,807 (-52.6%), from €5,336 to €2,529
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €334,220 | €480,643 | +€146,424 | +43.8% |
| Fixed assets | 21/28 | €119,261 | €255,767 | +€136,506 | +114% |
| Tangible fixed assets | 22/27 | €117,161 | €253,667 | +€136,506 | +117% |
| Land and buildings | 22 | €909 | €812 | -€97 | -10.7% |
| Plant, machinery and equipment | 23 | €112,925 | €86,659 | -€26,266 | -23.3% |
| Furniture and vehicles | 24 | €3,327 | €166,196 | +€162,869 | +4,895% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €214,959 | €224,877 | +€9,918 | +4.6% |
| Stocks and contracts in progress | 3 | €32,406 | €43,568 | +€11,162 | +34.4% |
| Stocks | 30/36 | €12,000 | €16,559 | +€4,559 | +38.0% |
| Contracts in progress | 37 | €20,406 | €27,009 | +€6,603 | +32.4% |
| Amounts receivable within one year | 40/41 | €103,206 | €113,408 | +€10,202 | +9.9% |
| Trade receivables | 40 | €91,831 | €96,175 | +€4,344 | +4.7% |
| Other amounts receivable | 41 | €11,375 | €17,233 | +€5,858 | +51.5% |
| Cash at bank and in hand | 54/58 | €73,147 | €64,616 | -€8,531 | -11.7% |
| Deferred charges and accrued income | 490/1 | €6,201 | €3,285 | -€2,916 | -47.0% |
| Total equity and liabilities | 10/49 | €334,220 | €480,643 | +€146,424 | +43.8% |
| Equity | 10/15 | €153,402 | €61,541 | -€91,861 | -59.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €151,902 | €60,041 | -€91,861 | -60.5% |
| Distributable reserves | 133 | €151,902 | €60,041 | -€91,861 | -60.5% |
| Amounts payable | 17/49 | €180,818 | €419,102 | +€238,285 | +132% |
| Amounts payable after more than one year | 17 | €83,277 | €199,163 | +€115,886 | +139% |
| Financial debts | 170/4 | €83,277 | €199,163 | +€115,886 | +139% |
| Amounts payable within one year | 42/48 | €97,092 | €219,940 | +€122,848 | +127% |
| Current portion of amounts payable after more than one year | 42 | €28,045 | €45,560 | +€17,515 | +62.5% |
| Trade debts | 44 | €56,622 | €68,238 | +€11,616 | +20.5% |
| Suppliers | 440/4 | €56,622 | €68,238 | +€11,616 | +20.5% |
| Taxes, remuneration and social security | 45 | €9,800 | - | -€9,800 | |
| Taxes | 450/3 | €2,161 | - | -€2,161 | |
| Remuneration and social security | 454/9 | €7,639 | - | -€7,639 | |
| Other amounts payable | 47/48 | €2,625 | €106,142 | +€103,518 | +3,944% |
| Accrued charges and deferred income | 492/3 | €449 | - | -€449 | |
| Remuneration, social security and pensions | 62 | €129,270 | €178,676 | +€49,405 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,648 | €42,287 | +€9,639 | +29.5% |
| Other operating charges | 640/8 | €1,516 | €2,290 | +€774 | +51.1% |
| Gross operating margin | 9900 | €207,878 | €250,848 | +€42,969 | +20.7% |
| Operating profit (loss) | 9901 | €44,445 | €27,595 | -€16,850 | -37.9% |
| Financial income | 75/76B | €261 | €3 | -€258 | -98.7% |
| Recurring financial income | 75 | €261 | €3 | -€258 | -98.7% |
| Financial charges | 65/66B | €18,702 | €15,759 | -€2,943 | -15.7% |
| Recurring financial charges | 65 | €18,702 | €15,759 | -€2,943 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €26,004 | €11,840 | -€14,164 | -54.5% |
| Income taxes | 67/77 | €5,336 | €2,529 | -€2,807 | -52.6% |
| Profit (loss) for the period | 9904 | €20,668 | €9,311 | -€11,357 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,668 | €9,311 | -€11,357 | -54.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.