LDL CONSULT: 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.
LDL CONSULT
Largest movements
- Cash +€81,822
up €81,822 (+67.5%), from €121,166 to €202,989
mainly Net result for the year (+€67,682) and Depreciation (+€26,318)
- Tangible fixed assets +€30,724
up €30,724 (+6.9%), from €445,252 to €475,975
of which Other tangible fixed assets: +€34,125
- Financial fixed assets -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Receivables within one year -€17,249
down €17,249 (-68.2%), from €25,295 to €8,046
of which Trade receivables: -€16,790
- Reserves +€67,682
up €67,682 (+28.1%), from €240,801 to €308,483
- Gross operating margin +€32,529
up €32,529 (+34.3%), from €94,819 to €127,348
- Financial income -€9,593
down €9,593 (-63.7%), from €15,058 to €5,465
- Depreciation +€4,613
up €4,613 (+21.3%), from €21,705 to €26,318
- Taxes +€4,434
up €4,434 (+23.4%), from €18,926 to €23,360
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 | €636,945 | €706,790 | +€69,846 | +11.0% |
| Fixed assets | 21/28 | €470,252 | €475,975 | +€5,724 | +1.2% |
| Tangible fixed assets | 22/27 | €445,252 | €475,975 | +€30,724 | +6.9% |
| Land and buildings | 22 | €383,691 | €375,684 | -€8,007 | -2.1% |
| Plant, machinery and equipment | 23 | €38,021 | €36,572 | -€1,449 | -3.8% |
| Furniture and vehicles | 24 | €23,540 | €29,595 | +€6,055 | +25.7% |
| Other tangible fixed assets | 26 | - | €34,125 | +€34,125 | |
| Financial fixed assets | 28 | €25,000 | €0 | -€25,000 | -100.0% |
| Current assets | 29/58 | €166,693 | €230,815 | +€64,122 | +38.5% |
| Stocks and contracts in progress | 3 | €9,881 | €8,723 | -€1,158 | -11.7% |
| Stocks | 30/36 | €9,881 | €8,723 | -€1,158 | -11.7% |
| Amounts receivable within one year | 40/41 | €25,295 | €8,046 | -€17,249 | -68.2% |
| Trade receivables | 40 | €23,165 | €6,374 | -€16,790 | -72.5% |
| Other amounts receivable | 41 | €2,130 | €1,672 | -€459 | -21.5% |
| Cash at bank and in hand | 54/58 | €121,166 | €202,989 | +€81,822 | +67.5% |
| Deferred charges and accrued income | 490/1 | €10,350 | €11,057 | +€707 | +6.8% |
| Total equity and liabilities | 10/49 | €636,945 | €706,790 | +€69,846 | +11.0% |
| Equity | 10/15 | €259,401 | €327,083 | +€67,682 | +26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €240,801 | €308,483 | +€67,682 | +28.1% |
| Distributable reserves | 133 | €240,801 | €308,483 | +€67,682 | +28.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €377,544 | €379,707 | +€2,163 | +0.6% |
| Amounts payable after more than one year | 17 | €351,645 | €345,542 | -€6,103 | -1.7% |
| Financial debts | 170/4 | €351,645 | €345,542 | -€6,103 | -1.7% |
| Amounts payable within one year | 42/48 | €25,899 | €33,815 | +€7,916 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €21,354 | €26,269 | +€4,915 | +23.0% |
| Trade debts | 44 | €3,393 | €5,486 | +€2,093 | +61.7% |
| Suppliers | 440/4 | €3,393 | €5,486 | +€2,093 | +61.7% |
| Taxes, remuneration and social security | 45 | €40 | €1,477 | +€1,437 | +3564.1% |
| Taxes | 450/3 | €40 | €1,477 | +€1,437 | +3564.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,112 | €583 | -€529 | -47.6% |
| Accrued charges and deferred income | 492/3 | €0 | €350 | +€350 | |
| Non-recurring operating income | 76A | €834 | €4,209 | +€3,375 | +404.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,705 | €26,318 | +€4,613 | +21.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €710 | +€710 | |
| Other operating charges | 640/8 | €982 | €2,224 | +€1,241 | +126.3% |
| Non-recurring operating charges | 66A | €0 | €2,540 | +€2,540 | |
| Gross operating margin | 9900 | €94,819 | €127,348 | +€32,529 | +34.3% |
| Operating profit (loss) | 9901 | €72,131 | €95,556 | +€23,425 | +32.5% |
| Financial income | 75/76B | €15,058 | €5,465 | -€9,593 | -63.7% |
| Recurring financial income | 75 | €15,058 | €5,465 | -€9,593 | -63.7% |
| Financial charges | 65/66B | €8,900 | €9,979 | +€1,078 | +12.1% |
| Recurring financial charges | 65 | €8,900 | €9,979 | +€1,078 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €78,289 | €91,042 | +€12,754 | +16.3% |
| Income taxes | 67/77 | €18,926 | €23,360 | +€4,434 | +23.4% |
| Profit (loss) for the period | 9904 | €59,363 | €67,682 | +€8,320 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,363 | €67,682 | +€8,320 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.