LDL Management: 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 Management
Largest movements
- Cash +€57,381
up €57,381 (+871.6%), from €6,583 to €63,964
mainly Net result for the year (+€57,231) and Other debts (+€11,111)
- Deferred charges and accrued income -€7,680
down €7,680 (-65.2%), from €11,780 to €4,100
- Tangible fixed assets -€3,267
down €3,267 (-5.9%), from €55,217 to €51,949
- Reserves +€44,731
up €44,731 (+111.8%), from €40,000 to €84,731
- Trade debts -€17,551
down €17,551 (-97.6%), from €17,984 to €433
- Other debts +€11,111
up €11,111 (+148.1%), from €7,500 to €18,611
- Tax, wage and social debts +€6,709
up €6,709 (+142.6%), from €4,705 to €11,414
of which Taxes: +€8,175
- Accrued charges and deferred income +€1,500
new in 2025: €1,500
- Gross operating margin +€9,769
up €9,769 (+13.3%), from €73,641 to €83,410
- Depreciation +€4,235
up €4,235 (+120.9%), from €3,503 to €7,738
- Taxes +€3,332
up €3,332 (+23.0%), from €14,500 to €17,832
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 | €79,911 | €126,411 | +€46,500 | +58.2% |
| Fixed assets | 21/28 | €55,217 | €51,949 | -€3,267 | -5.9% |
| Tangible fixed assets | 22/27 | €55,217 | €51,949 | -€3,267 | -5.9% |
| Plant, machinery and equipment | 23 | €4,386 | €3,210 | -€1,177 | -26.8% |
| Furniture and vehicles | 24 | €13,536 | €12,096 | -€1,440 | -10.6% |
| Other tangible fixed assets | 26 | €37,294 | €36,644 | -€650 | -1.7% |
| Current assets | 29/58 | €24,695 | €74,461 | +€49,767 | +201.5% |
| Amounts receivable within one year | 40/41 | €6,331 | €6,397 | +€66 | +1.0% |
| Trade receivables | 40 | €826 | - | -€826 | |
| Other amounts receivable | 41 | €5,505 | €6,397 | +€892 | +16.2% |
| Cash at bank and in hand | 54/58 | €6,583 | €63,964 | +€57,381 | +871.6% |
| Deferred charges and accrued income | 490/1 | €11,780 | €4,100 | -€7,680 | -65.2% |
| Total equity and liabilities | 10/49 | €79,911 | €126,411 | +€46,500 | +58.2% |
| Equity | 10/15 | €49,722 | €94,453 | +€44,731 | +90.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €84,731 | +€44,731 | +111.8% |
| Distributable reserves | 133 | €40,000 | €84,731 | +€44,731 | +111.8% |
| Profit (loss) carried forward | 14 | €6,722 | €6,722 | = | 0.0% |
| Amounts payable | 17/49 | €30,189 | €31,958 | +€1,769 | +5.9% |
| Amounts payable within one year | 42/48 | €30,189 | €30,458 | +€269 | +0.9% |
| Trade debts | 44 | €17,984 | €433 | -€17,551 | -97.6% |
| Suppliers | 440/4 | €17,984 | €433 | -€17,551 | -97.6% |
| Taxes, remuneration and social security | 45 | €4,705 | €11,414 | +€6,709 | +142.6% |
| Taxes | 450/3 | €3,239 | €11,414 | +€8,175 | +252.4% |
| Remuneration and social security | 454/9 | €1,466 | - | -€1,466 | |
| Other amounts payable | 47/48 | €7,500 | €18,611 | +€11,111 | +148.1% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,503 | €7,738 | +€4,235 | +120.9% |
| Other operating charges | 640/8 | €1,313 | €789 | -€524 | -39.9% |
| Gross operating margin | 9900 | €73,641 | €83,410 | +€9,769 | +13.3% |
| Operating profit (loss) | 9901 | €68,825 | €74,883 | +€6,058 | +8.8% |
| Financial income | 75/76B | €0 | €369 | +€369 | +194368.4% |
| Recurring financial income | 75 | €0 | €369 | +€369 | +194368.4% |
| Financial charges | 65/66B | €103 | €189 | +€86 | +83.9% |
| Recurring financial charges | 65 | €103 | €189 | +€86 | +83.9% |
| Profit (loss) for the period before taxes | 9903 | €68,722 | €75,063 | +€6,341 | +9.2% |
| Income taxes | 67/77 | €14,500 | €17,832 | +€3,332 | +23.0% |
| Profit (loss) for the period | 9904 | €54,222 | €57,231 | +€3,008 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,222 | €57,231 | +€3,008 | +5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.