LDL GEVELWERKEN: what changed
LDL GEVELWERKEN
Largest movements
- Receivables within one year -€15,841
down €15,841 (-33.9%), from €46,743 to €30,902
of which Trade receivables: -€14,052
- Cash -€10,227
down €10,227 (-59.3%), from €17,258 to €7,031
mainly Net result for the year (-€17,675) and Advances received (-€17,000)
- Tangible fixed assets -€8,393
down €8,393 (-29.8%), from €28,151 to €19,759
of which Furniture and vehicles: -€5,663
- Deferred charges and accrued income -€1,837
down €1,837 (-62.6%), from €2,936 to €1,099
- Reserves -€21,533
down €21,533 (-69.5%), from €30,964 to €9,431
- Advances received -€17,000
down €17,000 (-100%), from €17,000 to €0
- Other debts +€9,239
up €9,239, from €0 to €9,239
- Debts after one year -€7,460
down €7,460 (-100%), from €7,460 to €0
- Tax, wage and social debts +€6,141
up €6,141 (+110%), from €5,575 to €11,716
of which Remuneration and social security: +€4,000
- Gross operating margin -€25,179
down €25,179, from €22,746 to -€2,434
- Taxes -€2,794
down €2,794 (-95.2%), from €2,934 to €141
- Financial charges -€338
down €338 (-27.2%), from €1,241 to €903
- Depreciation +€324
up €324 (+2.8%), from €11,626 to €11,949
- Financial income -€262
down €262 (-68.9%), from €381 to €119
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 | €95,732 | €59,457 | -€36,275 | -37.9% |
| Fixed assets | 21/28 | €28,151 | €19,759 | -€8,393 | -29.8% |
| Tangible fixed assets | 22/27 | €28,151 | €19,759 | -€8,393 | -29.8% |
| Plant, machinery and equipment | 23 | €4,396 | €1,666 | -€2,730 | -62.1% |
| Furniture and vehicles | 24 | €23,755 | €18,092 | -€5,663 | -23.8% |
| Current assets | 29/58 | €67,581 | €39,698 | -€27,883 | -41.3% |
| Stocks and contracts in progress | 3 | €644 | €666 | +€23 | +3.5% |
| Stocks | 30/36 | €644 | €666 | +€23 | +3.5% |
| Amounts receivable within one year | 40/41 | €46,743 | €30,902 | -€15,841 | -33.9% |
| Trade receivables | 40 | €43,382 | €29,330 | -€14,052 | -32.4% |
| Other amounts receivable | 41 | €3,361 | €1,572 | -€1,789 | -53.2% |
| Cash at bank and in hand | 54/58 | €17,258 | €7,031 | -€10,227 | -59.3% |
| Deferred charges and accrued income | 490/1 | €2,936 | €1,099 | -€1,837 | -62.6% |
| Total equity and liabilities | 10/49 | €95,732 | €59,457 | -€36,275 | -37.9% |
| Equity | 10/15 | €35,964 | €14,431 | -€21,533 | -59.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,964 | €9,431 | -€21,533 | -69.5% |
| Distributable reserves | 133 | €30,964 | €9,431 | -€21,533 | -69.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €59,768 | €45,026 | -€14,742 | -24.7% |
| Amounts payable after more than one year | 17 | €7,460 | €0 | -€7,460 | -100% |
| Financial debts | 170/4 | €7,460 | €0 | -€7,460 | -100% |
| Amounts payable within one year | 42/48 | €52,308 | €45,026 | -€7,282 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €7,145 | €7,460 | +€316 | +4.4% |
| Trade debts | 44 | €22,588 | €16,610 | -€5,978 | -26.5% |
| Suppliers | 440/4 | €22,588 | €16,610 | -€5,978 | -26.5% |
| Advances received on contracts in progress | 46 | €17,000 | €0 | -€17,000 | -100% |
| Taxes, remuneration and social security | 45 | €5,575 | €11,716 | +€6,141 | +110% |
| Taxes | 450/3 | €3,934 | €6,075 | +€2,141 | +54.4% |
| Remuneration and social security | 454/9 | €1,641 | €5,641 | +€4,000 | +244% |
| Other amounts payable | 47/48 | €0 | €9,239 | +€9,239 | |
| Remuneration, social security and pensions | 62 | €431 | €555 | +€124 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,626 | €11,949 | +€324 | +2.8% |
| Other operating charges | 640/8 | €1,773 | €1,812 | +€39 | +2.2% |
| Gross operating margin | 9900 | €22,746 | -€2,434 | -€25,179 | |
| Operating profit (loss) | 9901 | €8,916 | -€16,750 | -€25,666 | |
| Financial income | 75/76B | €381 | €119 | -€262 | -68.9% |
| Recurring financial income | 75 | €381 | €119 | -€262 | -68.9% |
| Financial charges | 65/66B | €1,241 | €903 | -€338 | -27.2% |
| Recurring financial charges | 65 | €1,241 | €903 | -€338 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €8,056 | -€17,534 | -€25,590 | |
| Income taxes | 67/77 | €2,934 | €141 | -€2,794 | -95.2% |
| Profit (loss) for the period | 9904 | €5,121 | -€17,675 | -€22,796 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,121 | -€17,675 | -€22,796 |
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.