LDL BEHEER: what changed
LDL BEHEER
Largest movements
- Receivables within one year +€261,166
up €261,166 (+90.2%), from €289,501 to €550,667
of which Other amounts receivable: +€244,947
- Tangible fixed assets -€241,599
down €241,599 (-20.4%), from €1.2m to €944,690
of which Land and buildings: -€175,231
- Cash -€70,132
down €70,132 (-61.2%), from €114,618 to €44,485
mainly Receivables within one year (-€261,166) and Net result for the year (-€80,418)
- Deferred charges and accrued income -€32,826
no longer reported in 2026 (was €32,826)
- Profit (loss) carried forward -€80,418
down €80,418 (-5.0%), from €1.6m to €1.5m
- Financial charges +€38,679
up €38,679 (+14,122%), from €274 to €38,953
of which Non-recurring financial charges: +€38,836
- Gross operating margin -€35,802
down €35,802, from €20,545 to -€15,257
- Financial income +€3,520
up €3,520 (+25.0%), from €14,090 to €17,610
- Other operating charges -€2,186
down €2,186 (-25.3%), from €8,627 to €6,441
- Depreciation -€1,757
down €1,757 (-4.5%), from €39,128 to €37,371
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,819,637 | €1,736,246 | -€83,391 | -4.6% |
| Fixed assets | 21/28 | €1,186,289 | €944,690 | -€241,599 | -20.4% |
| Tangible fixed assets | 22/27 | €1,186,289 | €944,690 | -€241,599 | -20.4% |
| Land and buildings | 22 | €1,082,225 | €906,995 | -€175,231 | -16.2% |
| Furniture and vehicles | 24 | €30,849 | €13,388 | -€17,461 | -56.6% |
| Other tangible fixed assets | 26 | €28,520 | €24,307 | -€4,212 | -14.8% |
| Assets under construction and advance payments | 27 | €44,695 | €0 | -€44,695 | -100% |
| Current assets | 29/58 | €633,348 | €791,555 | +€158,208 | +25.0% |
| Stocks and contracts in progress | 3 | €196,403 | €196,403 | = | 0.0% |
| Stocks | 30/36 | €196,403 | €196,403 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €289,501 | €550,667 | +€261,166 | +90.2% |
| Trade receivables | 40 | €6,050 | €22,269 | +€16,219 | +268% |
| Other amounts receivable | 41 | €283,451 | €528,398 | +€244,947 | +86.4% |
| Cash at bank and in hand | 54/58 | €114,618 | €44,485 | -€70,132 | -61.2% |
| Deferred charges and accrued income | 490/1 | €32,826 | - | -€32,826 | |
| Total equity and liabilities | 10/49 | €1,819,637 | €1,736,246 | -€83,391 | -4.6% |
| Equity | 10/15 | €1,812,587 | €1,732,169 | -€80,418 | -4.4% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €35,500 | €35,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €17,500 | +€17,500 | |
| Reserves not available under the articles | 1311 | - | €17,500 | +€17,500 | |
| Distributable reserves | 133 | €35,500 | €18,000 | -€17,500 | -49.3% |
| Profit (loss) carried forward | 14 | €1,602,087 | €1,521,669 | -€80,418 | -5.0% |
| Amounts payable | 17/49 | €7,050 | €4,077 | -€2,973 | -42.2% |
| Amounts payable within one year | 42/48 | €7,050 | €4,077 | -€2,973 | -42.2% |
| Trade debts | 44 | €5,598 | €1,208 | -€4,389 | -78.4% |
| Suppliers | 440/4 | €5,598 | €1,208 | -€4,389 | -78.4% |
| Taxes, remuneration and social security | 45 | €1,452 | €2,869 | +€1,416 | +97.5% |
| Taxes | 450/3 | €23 | - | -€23 | |
| Remuneration and social security | 454/9 | €1,429 | €2,869 | +€1,439 | +101% |
| Non-recurring operating income | 76A | - | €977 | +€977 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,128 | €37,371 | -€1,757 | -4.5% |
| Other operating charges | 640/8 | €8,627 | €6,441 | -€2,186 | -25.3% |
| Gross operating margin | 9900 | €20,545 | -€15,257 | -€35,802 | |
| Operating profit (loss) | 9901 | -€27,209 | -€59,069 | -€31,859 | -117% |
| Financial income | 75/76B | €14,090 | €17,610 | +€3,520 | +25.0% |
| Recurring financial income | 75 | €14,090 | €17,610 | +€3,520 | +25.0% |
| Financial charges | 65/66B | €274 | €38,953 | +€38,679 | +14,122% |
| Recurring financial charges | 65 | €274 | €117 | -€156 | -57.1% |
| Non-recurring financial charges | 66B | - | €38,836 | +€38,836 | |
| Profit (loss) for the period before taxes | 9903 | -€13,393 | -€80,412 | -€67,019 | -500% |
| Income taxes | 67/77 | €27 | €6 | -€21 | -77.1% |
| Profit (loss) for the period | 9904 | -€13,420 | -€80,418 | -€66,999 | -499% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,420 | -€80,418 | -€66,999 | -499% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.