LDL IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+20.2%), from €7.0m to €8.5m
of which Land and buildings: +€1.4m
- Receivables within one year -€553,049
down €553,049 (-65.6%), from €842,720 to €289,671
of which Other amounts receivable: -€804,397
- Debts after one year +€1.1m
up €1.1m (+16.7%), from €6.7m to €7.8m
of which Financial debts: +€1.1m
- Other debts -€209,584
down €209,584 (-26.2%), from €801,467 to €591,883
- Current portion of long-term debt +€134,268
up €134,268 (+28.3%), from €475,282 to €609,550
- Reserves -€132,643
down €132,643 (-31.5%), from €420,834 to €288,191
of which Distributable reserves: -€132,643
- Depreciation +€107,106
up €107,106 (+30.4%), from €351,770 to €458,876
- Gross operating margin -€57,953
down €57,953 (-6.8%), from €857,560 to €799,607
- Financial charges +€56,970
up €56,970 (+23.6%), from €241,245 to €298,215
- Staff costs -€31,087
down €31,087 (-19.5%), from €159,013 to €127,927
- Taxes -€23,160
down €23,160 (-99.2%), from €23,356 to €196
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 | €8,831,398 | €9,724,911 | +€893,513 | +10.1% |
| Fixed assets | 21/28 | €7,959,557 | €9,374,687 | +€1.4m | +17.8% |
| Intangible fixed assets | 21 | €10,576 | €0 | -€10,576 | -100.0% |
| Tangible fixed assets | 22/27 | €7,046,698 | €8,472,403 | +€1.4m | +20.2% |
| Land and buildings | 22 | €7,042,170 | €8,472,403 | +€1.4m | +20.3% |
| Plant, machinery and equipment | 23 | €4,528 | €0 | -€4,528 | -100.0% |
| Financial fixed assets | 28 | €902,283 | €902,283 | = | 0.0% |
| Current assets | 29/58 | €871,841 | €350,224 | -€521,617 | -59.8% |
| Amounts receivable within one year | 40/41 | €842,720 | €289,671 | -€553,049 | -65.6% |
| Trade receivables | 40 | €6,242 | €257,590 | +€251,348 | +4026.9% |
| Other amounts receivable | 41 | €836,478 | €32,082 | -€804,397 | -96.2% |
| Cash at bank and in hand | 54/58 | €23,107 | €53,599 | +€30,492 | +132.0% |
| Deferred charges and accrued income | 490/1 | €6,014 | €6,954 | +€940 | +15.6% |
| Total equity and liabilities | 10/49 | €8,831,398 | €9,724,911 | +€893,513 | +10.1% |
| Equity | 10/15 | €746,851 | €614,208 | -€132,643 | -17.8% |
| Contributions | 10/11 | €326,017 | €326,017 | = | 0.0% |
| Capital | 10 | €326,017 | €326,017 | = | 0.0% |
| Issued capital | 100 | €326,017 | €326,017 | = | 0.0% |
| Reserves | 13 | €420,834 | €288,191 | -€132,643 | -31.5% |
| Non-distributable reserves | 130/1 | €32,602 | €32,602 | = | 0.0% |
| Legal reserve | 130 | €32,602 | €32,602 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €388,232 | €255,589 | -€132,643 | -34.2% |
| Amounts payable | 17/49 | €8,084,548 | €9,110,704 | +€1.0m | +12.7% |
| Amounts payable after more than one year | 17 | €6,716,878 | €7,840,186 | +€1.1m | +16.7% |
| Financial debts | 170/4 | €5,834,478 | €6,957,786 | +€1.1m | +19.3% |
| Other amounts payable | 178/9 | €882,400 | €882,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,365,120 | €1,259,744 | -€105,375 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €475,282 | €609,550 | +€134,268 | +28.3% |
| Financial debts | 43 | €29,421 | €14,672 | -€14,749 | -50.1% |
| Other loans | 439 | €29,421 | €14,672 | -€14,749 | -50.1% |
| Trade debts | 44 | €4,208 | €4,879 | +€671 | +15.9% |
| Suppliers | 440/4 | €4,208 | €4,879 | +€671 | +15.9% |
| Taxes, remuneration and social security | 45 | €54,742 | €38,761 | -€15,981 | -29.2% |
| Taxes | 450/3 | €21,495 | €24,011 | +€2,516 | +11.7% |
| Remuneration and social security | 454/9 | €33,247 | €14,750 | -€18,497 | -55.6% |
| Other amounts payable | 47/48 | €801,467 | €591,883 | -€209,584 | -26.2% |
| Accrued charges and deferred income | 492/3 | €2,550 | €10,774 | +€8,224 | +322.5% |
| Remuneration, social security and pensions | 62 | €159,013 | €127,927 | -€31,087 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351,770 | €458,876 | +€107,106 | +30.4% |
| Other operating charges | 640/8 | €36,911 | €47,042 | +€10,131 | +27.4% |
| Gross operating margin | 9900 | €857,560 | €799,607 | -€57,953 | -6.8% |
| Operating profit (loss) | 9901 | €309,865 | €165,763 | -€144,103 | -46.5% |
| Financial income | 75/76B | €205 | €6 | -€199 | -97.1% |
| Recurring financial income | 75 | €205 | €6 | -€199 | -97.1% |
| Financial charges | 65/66B | €241,245 | €298,215 | +€56,970 | +23.6% |
| Recurring financial charges | 65 | €241,245 | €298,215 | +€56,970 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €68,825 | -€132,447 | -€201,272 | |
| Income taxes | 67/77 | €23,356 | €196 | -€23,160 | -99.2% |
| Profit (loss) for the period | 9904 | €45,469 | -€132,643 | -€178,112 | |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,569 | -€132,643 | -€220,212 |
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 4 October 2026 via checked.be.