LDM Aviation Services: 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.
LDM Aviation Services
Largest movements
- Cash +€28,404
up €28,404 (+41.5%), from €68,512 to €96,916
mainly Depreciation (+€21,610) and Other debts (+€19,629)
- Tangible fixed assets -€21,610
down €21,610 (-73.0%), from €29,596 to €7,986
of which Furniture and vehicles: -€20,361
- Receivables within one year -€9,244
down €9,244 (-52.8%), from €17,505 to €8,261
of which Other amounts receivable: -€4,765
- Profit (loss) carried forward -€22,656
down €22,656 (-50.5%), from €44,854 to €22,198
- Other debts +€19,629
up €19,629 (+42.0%), from €46,709 to €66,338
- Tax, wage and social debts +€1,531
new in 2025: €1,531
- Gross operating margin +€3,258
up €3,258 (+16.4%), from €19,833 to €23,091
- Taxes +€270
up €270, from -€49 to €221
- Financial charges -€262
down €262 (-7.1%), from €3,688 to €3,426
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.
Derived cash bridge
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 | €117,272 | €115,029 | -€2,243 | -1.9% |
| Fixed assets | 21/28 | €29,776 | €8,166 | -€21,610 | -72.6% |
| Tangible fixed assets | 22/27 | €29,596 | €7,986 | -€21,610 | -73.0% |
| Furniture and vehicles | 24 | €28,231 | €7,870 | -€20,361 | -72.1% |
| Other tangible fixed assets | 26 | €1,365 | €116 | -€1,249 | -91.5% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €87,496 | €106,863 | +€19,367 | +22.1% |
| Amounts receivable within one year | 40/41 | €17,505 | €8,261 | -€9,244 | -52.8% |
| Trade receivables | 40 | €12,145 | €7,666 | -€4,479 | -36.9% |
| Other amounts receivable | 41 | €5,360 | €595 | -€4,765 | -88.9% |
| Cash at bank and in hand | 54/58 | €68,512 | €96,916 | +€28,404 | +41.5% |
| Deferred charges and accrued income | 490/1 | €1,479 | €1,686 | +€207 | +14.0% |
| Total equity and liabilities | 10/49 | €117,272 | €115,029 | -€2,243 | -1.9% |
| Equity | 10/15 | €65,314 | €42,658 | -€22,656 | -34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,854 | €22,198 | -€22,656 | -50.5% |
| Amounts payable | 17/49 | €51,958 | €72,371 | +€20,413 | +39.3% |
| Amounts payable within one year | 42/48 | €48,435 | €69,113 | +€20,678 | +42.7% |
| Trade debts | 44 | €1,726 | €1,244 | -€482 | -27.9% |
| Suppliers | 440/4 | €1,726 | €1,244 | -€482 | -27.9% |
| Taxes, remuneration and social security | 45 | - | €1,531 | +€1,531 | |
| Remuneration and social security | 454/9 | - | €1,531 | +€1,531 | |
| Other amounts payable | 47/48 | €46,709 | €66,338 | +€19,629 | +42.0% |
| Accrued charges and deferred income | 492/3 | €3,523 | €3,258 | -€265 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,611 | €21,610 | -€1 | 0.0% |
| Other operating charges | 640/8 | €475 | €490 | +€15 | +3.2% |
| Gross operating margin | 9900 | €19,833 | €23,091 | +€3,258 | +16.4% |
| Operating profit (loss) | 9901 | -€2,253 | €991 | +€3,244 | |
| Financial charges | 65/66B | €3,688 | €3,426 | -€262 | -7.1% |
| Recurring financial charges | 65 | €3,688 | €3,426 | -€262 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,941 | -€2,435 | +€3,506 | +59.0% |
| Income taxes | 67/77 | -€49 | €221 | +€270 | |
| Profit (loss) for the period | 9904 | -€5,892 | -€2,656 | +€3,236 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,892 | -€2,656 | +€3,236 | +54.9% |
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 26 October 2026 via checked.be.