LDK EXPORT: what changed
LDK EXPORT
Largest movements
- Receivables within one year -€30,361
down €30,361 (-54.9%), from €55,325 to €24,964
of which Trade receivables: -€17,231
- Deferred charges and accrued income -€1,018
no longer reported in 2025 (was €1,018)
- Cash -€818
down €818 (-55.4%), from €1,476 to €658
mainly Net result for the year (-€17,029) and Trade debts (-€10,402)
- Profit (loss) carried forward -€17,029
down €17,029 (-68.3%), from €24,929 to €7,900
- Trade debts -€10,402
no longer reported in 2025 (was €10,402)
- Advances received -€2,500
no longer reported in 2025 (was €2,500)
- Tax, wage and social debts -€2,332
down €2,332 (-60.0%), from €3,890 to €1,557
of which Remuneration and social security: -€1,178
- Gross operating margin -€39,890
down €39,890, from €24,110 to -€15,781
- Staff costs -€19,541
no longer reported in 2025 (was €19,541)
- Other operating charges -€1,300
no longer reported in 2025 (was €1,300)
- Financial charges -€1,044
down €1,044 (-81.9%), from €1,275 to €231
- Taxes -€686
no longer reported in 2025 (was €686)
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 | €60,970 | €28,707 | -€32,263 | -52.9% |
| Fixed assets | 21/28 | €3,086 | €3,086 | = | 0.0% |
| Financial fixed assets | 28 | €3,086 | €3,086 | = | 0.0% |
| Current assets | 29/58 | €57,885 | €25,622 | -€32,263 | -55.7% |
| Amounts receivable within one year | 40/41 | €55,325 | €24,964 | -€30,361 | -54.9% |
| Trade receivables | 40 | €41,405 | €24,174 | -€17,231 | -41.6% |
| Other amounts receivable | 41 | €13,920 | €789 | -€13,130 | -94.3% |
| Current investments | 50/53 | €66 | - | -€66 | |
| Cash at bank and in hand | 54/58 | €1,476 | €658 | -€818 | -55.4% |
| Deferred charges and accrued income | 490/1 | €1,018 | - | -€1,018 | |
| Total equity and liabilities | 10/49 | €60,970 | €28,707 | -€32,263 | -52.9% |
| Equity | 10/15 | €44,179 | €27,150 | -€17,029 | -38.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €650 | €650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €650 | €650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €650 | €650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,929 | €7,900 | -€17,029 | -68.3% |
| Amounts payable | 17/49 | €16,791 | €1,557 | -€15,234 | -90.7% |
| Amounts payable within one year | 42/48 | €16,791 | €1,557 | -€15,234 | -90.7% |
| Trade debts | 44 | €10,402 | - | -€10,402 | |
| Suppliers | 440/4 | €10,402 | - | -€10,402 | |
| Advances received on contracts in progress | 46 | €2,500 | - | -€2,500 | |
| Taxes, remuneration and social security | 45 | €3,890 | €1,557 | -€2,332 | -60.0% |
| Taxes | 450/3 | €1,884 | €729 | -€1,155 | -61.3% |
| Remuneration and social security | 454/9 | €2,006 | €828 | -€1,178 | -58.7% |
| Non-recurring operating income | 76A | - | €21 | +€21 | |
| Remuneration, social security and pensions | 62 | €19,541 | - | -€19,541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410 | - | -€410 | |
| Other operating charges | 640/8 | €1,300 | - | -€1,300 | |
| Non-recurring operating charges | 66A | - | €1,018 | +€1,018 | |
| Gross operating margin | 9900 | €24,110 | -€15,781 | -€39,890 | |
| Operating profit (loss) | 9901 | €2,859 | -€16,799 | -€19,658 | |
| Financial charges | 65/66B | €1,275 | €231 | -€1,044 | -81.9% |
| Recurring financial charges | 65 | €1,275 | €231 | -€1,044 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €1,584 | -€17,029 | -€18,614 | |
| Income taxes | 67/77 | €686 | - | -€686 | |
| Profit (loss) for the period | 9904 | €899 | -€17,029 | -€17,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €899 | -€17,029 | -€17,928 |
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 5 November 2026 via checked.be.