LDM création: 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 création
Largest movements
- Cash -€113,417
down €113,417 (-99.6%), from €113,907 to €489
mainly Trade debts (-€91,074) and Debts after one year (-€74,424)
- Receivables within one year +€62,865
up €62,865 (+45.7%), from €137,693 to €200,558
of which Trade receivables: +€63,415
- Tangible fixed assets -€59,720
down €59,720 (-13.3%), from €449,386 to €389,666
of which Land and buildings: -€50,638
- Trade debts -€91,074
down €91,074 (-58.6%), from €155,405 to €64,331
- Debts after one year -€74,424
down €74,424 (-31.0%), from €239,702 to €165,278
- Profit (loss) carried forward +€59,330
up €59,330 (+22.7%), from €261,213 to €320,544
- Current portion of long-term debt -€10,545
down €10,545 (-36.7%), from €28,706 to €18,161
- Other operating charges +€32,415
up €32,415 (+1,081%), from €2,999 to €35,414
- Gross operating margin +€10,411
up €10,411 (+7.5%), from €138,029 to €148,441
- Financial charges +€9,213
up €9,213 (+98.0%), from €9,398 to €18,611
- Taxes -€6,202
down €6,202 (-27.5%), from €22,558 to €16,356
- Depreciation -€2,509
down €2,509 (-11.5%), from €21,727 to €19,218
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 | €701,751 | €591,117 | -€110,634 | -15.8% |
| Fixed assets | 21/28 | €449,628 | €389,908 | -€59,720 | -13.3% |
| Tangible fixed assets | 22/27 | €449,386 | €389,666 | -€59,720 | -13.3% |
| Land and buildings | 22 | €430,039 | €379,401 | -€50,638 | -11.8% |
| Plant, machinery and equipment | 23 | €1,999 | €685 | -€1,314 | -65.7% |
| Furniture and vehicles | 24 | €17,348 | €9,581 | -€7,767 | -44.8% |
| Financial fixed assets | 28 | €242 | €242 | = | 0.0% |
| Current assets | 29/58 | €252,123 | €201,209 | -€50,914 | -20.2% |
| Amounts receivable within one year | 40/41 | €137,693 | €200,558 | +€62,865 | +45.7% |
| Trade receivables | 40 | €121,858 | €185,273 | +€63,415 | +52.0% |
| Other amounts receivable | 41 | €15,835 | €15,285 | -€550 | -3.5% |
| Cash at bank and in hand | 54/58 | €113,907 | €489 | -€113,417 | -99.6% |
| Deferred charges and accrued income | 490/1 | €523 | €162 | -€361 | -69.1% |
| Total equity and liabilities | 10/49 | €701,751 | €591,117 | -€110,634 | -15.8% |
| Equity | 10/15 | €267,413 | €326,744 | +€59,330 | +22.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €261,213 | €320,544 | +€59,330 | +22.7% |
| Amounts payable | 17/49 | €434,338 | €264,374 | -€169,964 | -39.1% |
| Amounts payable after more than one year | 17 | €239,702 | €165,278 | -€74,424 | -31.0% |
| Financial debts | 170/4 | €239,702 | €165,278 | -€74,424 | -31.0% |
| Amounts payable within one year | 42/48 | €194,636 | €99,095 | -€95,540 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €28,706 | €18,161 | -€10,545 | -36.7% |
| Financial debts | 43 | - | €2,208 | +€2,208 | |
| Credit institutions | 430/8 | - | €2,208 | +€2,208 | |
| Trade debts | 44 | €155,405 | €64,331 | -€91,074 | -58.6% |
| Suppliers | 440/4 | €155,405 | €64,331 | -€91,074 | -58.6% |
| Taxes, remuneration and social security | 45 | €10,525 | €13,946 | +€3,421 | +32.5% |
| Taxes | 450/3 | €7,558 | €8,914 | +€1,356 | +17.9% |
| Remuneration and social security | 454/9 | €2,966 | €5,031 | +€2,065 | +69.6% |
| Other amounts payable | 47/48 | - | €450 | +€450 | |
| Remuneration, social security and pensions | 62 | €485 | - | -€485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,727 | €19,218 | -€2,509 | -11.5% |
| Other operating charges | 640/8 | €2,999 | €35,414 | +€32,415 | +1,081% |
| Gross operating margin | 9900 | €138,029 | €148,441 | +€10,411 | +7.5% |
| Operating profit (loss) | 9901 | €112,819 | €93,809 | -€19,011 | -16.9% |
| Financial income | 75/76B | €0 | €489 | +€488 | +542,733% |
| Recurring financial income | 75 | €0 | €489 | +€488 | +542,733% |
| Financial charges | 65/66B | €9,398 | €18,611 | +€9,213 | +98.0% |
| Recurring financial charges | 65 | €9,398 | €18,611 | +€9,213 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €103,421 | €75,686 | -€27,735 | -26.8% |
| Income taxes | 67/77 | €22,558 | €16,356 | -€6,202 | -27.5% |
| Profit (loss) for the period | 9904 | €80,863 | €59,330 | -€21,532 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,863 | €59,330 | -€21,532 | -26.6% |
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 13 October 2026 via checked.be.