LDL: 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.
LDL
Largest movements
- Stocks and contracts -€192,500
down €192,500 (-48.7%), from €395,000 to €202,500
- Cash +€168,853
up €168,853 (+13.6%), from €1.2m to €1.4m
mainly Net result for the year (+€304,119) and Stocks and contracts (+€192,500)
- Receivables within one year +€90,020
up €90,020 (+73.7%), from €122,221 to €212,242
of which Trade receivables: +€65,248
- Tangible fixed assets -€50,573
down €50,573 (-14.9%), from €340,286 to €289,713
of which Furniture and vehicles: -€72,111
- Reserves +€244,119
up €244,119 (+14.4%), from €1.7m to €1.9m
- Tax, wage and social debts -€243,628
down €243,628 (-77.6%), from €313,994 to €70,366
of which Taxes: -€241,037
- Gross operating margin -€766,044
down €766,044 (-51.3%), from €1.5m to €726,662
- Taxes -€186,053
down €186,053 (-55.7%), from €333,964 to €147,911
- Staff costs +€15,145
up €15,145 (+33.1%), from €45,785 to €60,929
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 | €2,103,107 | €2,116,850 | +€13,743 | +0.7% |
| Fixed assets | 21/28 | €340,435 | €289,861 | -€50,573 | -14.9% |
| Tangible fixed assets | 22/27 | €340,286 | €289,713 | -€50,573 | -14.9% |
| Plant, machinery and equipment | 23 | €6,931 | €28,469 | +€21,538 | +310.7% |
| Furniture and vehicles | 24 | €333,355 | €261,244 | -€72,111 | -21.6% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €1,762,672 | €1,826,989 | +€64,317 | +3.6% |
| Stocks and contracts in progress | 3 | €395,000 | €202,500 | -€192,500 | -48.7% |
| Stocks | 30/36 | €395,000 | €202,500 | -€192,500 | -48.7% |
| Amounts receivable within one year | 40/41 | €122,221 | €212,242 | +€90,020 | +73.7% |
| Trade receivables | 40 | €37,108 | €102,355 | +€65,248 | +175.8% |
| Other amounts receivable | 41 | €85,113 | €109,886 | +€24,773 | +29.1% |
| Cash at bank and in hand | 54/58 | €1,237,645 | €1,406,498 | +€168,853 | +13.6% |
| Deferred charges and accrued income | 490/1 | €7,806 | €5,749 | -€2,057 | -26.3% |
| Total equity and liabilities | 10/49 | €2,103,107 | €2,116,850 | +€13,743 | +0.7% |
| Equity | 10/15 | €1,692,803 | €1,936,922 | +€244,119 | +14.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,690,803 | €1,934,922 | +€244,119 | +14.4% |
| Distributable reserves | 133 | €1,690,803 | €1,934,922 | +€244,119 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €410,304 | €179,928 | -€230,376 | -56.1% |
| Amounts payable within one year | 42/48 | €410,291 | €179,928 | -€230,363 | -56.1% |
| Financial debts | 43 | €1,776 | €12,430 | +€10,653 | +599.7% |
| Credit institutions | 430/8 | €1,776 | €12,430 | +€10,653 | +599.7% |
| Trade debts | 44 | €23,520 | €37,132 | +€13,612 | +57.9% |
| Suppliers | 440/4 | €23,520 | €37,132 | +€13,612 | +57.9% |
| Taxes, remuneration and social security | 45 | €313,994 | €70,366 | -€243,628 | -77.6% |
| Taxes | 450/3 | €306,063 | €65,026 | -€241,037 | -78.8% |
| Remuneration and social security | 454/9 | €7,931 | €5,339 | -€2,591 | -32.7% |
| Other amounts payable | 47/48 | €71,000 | €60,000 | -€11,000 | -15.5% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100.0% |
| Non-recurring operating income | 76A | - | €1,196 | +€1,196 | |
| Remuneration, social security and pensions | 62 | €45,785 | €60,929 | +€15,145 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,643 | €87,304 | +€13,661 | +18.6% |
| Other operating charges | 640/8 | €116,493 | €128,233 | +€11,740 | +10.1% |
| Gross operating margin | 9900 | €1,492,706 | €726,662 | -€766,044 | -51.3% |
| Operating profit (loss) | 9901 | €1,256,785 | €450,196 | -€806,590 | -64.2% |
| Financial income | 75/76B | €4,663 | €3,051 | -€1,612 | -34.6% |
| Recurring financial income | 75 | €4,663 | €3,051 | -€1,612 | -34.6% |
| Financial charges | 65/66B | €1,615 | €1,216 | -€399 | -24.7% |
| Recurring financial charges | 65 | €1,615 | €1,216 | -€399 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €1,259,833 | €452,030 | -€807,803 | -64.1% |
| Income taxes | 67/77 | €333,964 | €147,911 | -€186,053 | -55.7% |
| Profit (loss) for the period | 9904 | €925,869 | €304,119 | -€621,750 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €925,869 | €304,119 | -€621,750 | -67.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.