LDM: 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.
LDM
Largest movements
- Receivables within one year +€65,966
up €65,966 (+197.6%), from €33,390 to €99,355
of which Trade receivables: +€42,164
- Deferred charges and accrued income -€12,312
no longer reported in 2024 (was €12,312)
- Tangible fixed assets -€6,354
down €6,354 (-51.0%), from €12,463 to €6,109
- Trade debts +€29,974
up €29,974 (+501.2%), from €5,981 to €35,954
of which Bills of exchange payable: +€30,775
- Profit (loss) carried forward +€16,209
up €16,209 (+74.7%), from €21,707 to €37,916
- Debts after one year -€5,578
down €5,578 (-63.7%), from €8,753 to €3,176
- Tax, wage and social debts +€4,578
up €4,578 (+53.8%), from €8,506 to €13,084
- Short-term financial debts +€1,902
up €1,902 (+25.9%), from €7,351 to €9,253
- Gross operating margin +€13,235
up €13,235 (+56.6%), from €23,393 to €36,628
- Purchases and services -€8,780
down €8,780 (-3.9%), from €227,890 to €219,111
- Taxes +€4,056
up €4,056 (+89.9%), from €4,514 to €8,570
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,697 | €106,461 | +€46,763 | +78.3% |
| Fixed assets | 21/28 | €12,963 | €6,609 | -€6,354 | -49.0% |
| Tangible fixed assets | 22/27 | €12,463 | €6,109 | -€6,354 | -51.0% |
| Leasing and similar rights | 25 | €12,463 | €6,109 | -€6,354 | -51.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €46,734 | €99,851 | +€53,117 | +113.7% |
| Amounts receivable within one year | 40/41 | €33,390 | €99,355 | +€65,966 | +197.6% |
| Trade receivables | 40 | €182 | €42,346 | +€42,164 | +23165.9% |
| Other amounts receivable | 41 | €33,208 | €57,009 | +€23,801 | +71.7% |
| Cash at bank and in hand | 54/58 | €1,033 | €496 | -€537 | -52.0% |
| Deferred charges and accrued income | 490/1 | €12,312 | - | -€12,312 | |
| Total equity and liabilities | 10/49 | €59,697 | €106,461 | +€46,763 | +78.3% |
| Equity | 10/15 | €23,207 | €39,416 | +€16,209 | +69.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,707 | €37,916 | +€16,209 | +74.7% |
| Amounts payable | 17/49 | €36,490 | €67,045 | +€30,555 | +83.7% |
| Amounts payable after more than one year | 17 | €8,753 | €3,176 | -€5,578 | -63.7% |
| Financial debts | 170/4 | €8,753 | €3,176 | -€5,578 | -63.7% |
| Amounts payable within one year | 42/48 | €27,737 | €63,869 | +€36,133 | +130.3% |
| Current portion of amounts payable after more than one year | 42 | €5,899 | €5,578 | -€321 | -5.4% |
| Financial debts | 43 | €7,351 | €9,253 | +€1,902 | +25.9% |
| Credit institutions | 430/8 | €7,351 | €9,253 | +€1,902 | +25.9% |
| Trade debts | 44 | €5,981 | €35,954 | +€29,974 | +501.2% |
| Suppliers | 440/4 | €2,467 | €1,666 | -€801 | -32.5% |
| Bills of exchange payable | 441 | €3,513 | €34,288 | +€30,775 | +876.0% |
| Taxes, remuneration and social security | 45 | €8,506 | €13,084 | +€4,578 | +53.8% |
| Taxes | 450/3 | €8,506 | €13,084 | +€4,578 | +53.8% |
| Turnover | 70 | €247,776 | €248,350 | +€574 | +0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €227,890 | €219,111 | -€8,780 | -3.9% |
| Remuneration, social security and pensions | 62 | €1,441 | €1,241 | -€200 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,506 | €6,354 | -€152 | -2.3% |
| Other operating charges | 640/8 | €1,900 | €2,152 | +€252 | +13.3% |
| Gross operating margin | 9900 | €23,393 | €36,628 | +€13,235 | +56.6% |
| Operating profit (loss) | 9901 | €13,546 | €26,881 | +€13,335 | +98.4% |
| Financial income | 75/76B | €0 | €3 | +€3 | +1208.7% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +1208.7% |
| Financial charges | 65/66B | €1,163 | €2,106 | +€943 | +81.2% |
| Recurring financial charges | 65 | €1,163 | €2,106 | +€943 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €12,384 | €24,778 | +€12,394 | +100.1% |
| Income taxes | 67/77 | €4,514 | €8,570 | +€4,056 | +89.9% |
| Profit (loss) for the period | 9904 | €7,870 | €16,209 | +€8,338 | +105.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,870 | €16,209 | +€8,338 | +105.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.