LDM INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Cash +€121,950
up €121,950 (+43.3%), from €281,363 to €403,313
mainly Net result for the year (+€175,091) and Tax, wage and social debts (+€27,155)
- Tangible fixed assets -€25,721
down €25,721 (-18.7%), from €137,596 to €111,875
of which Furniture and vehicles: -€23,871
- Receivables within one year -€20,619
down €20,619 (-17.6%), from €117,248 to €96,629
of which Other amounts receivable: -€15,484
- Reserves +€69,000
up €69,000 (+24.4%), from €283,250 to €352,250
of which Distributable reserves: +€69,000
- Tax, wage and social debts +€27,155
up €27,155 (+31.4%), from €86,435 to €113,589
- Debts after one year -€22,215
down €22,215 (-34.0%), from €65,425 to €43,209
- Gross operating margin +€31,130
up €31,130 (+14.2%), from €219,073 to €250,203
- Taxes +€10,509
up €10,509 (+24.9%), from €42,240 to €52,749
- Financial charges -€3,095
down €3,095 (-56.5%), from €5,476 to €2,382
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 | €549,763 | €624,537 | +€74,774 | +13.6% |
| Fixed assets | 21/28 | €137,596 | €111,875 | -€25,721 | -18.7% |
| Tangible fixed assets | 22/27 | €137,596 | €111,875 | -€25,721 | -18.7% |
| Plant, machinery and equipment | 23 | €12,189 | €10,339 | -€1,850 | -15.2% |
| Furniture and vehicles | 24 | €122,589 | €98,718 | -€23,871 | -19.5% |
| Other tangible fixed assets | 26 | €2,818 | €2,818 | = | 0.0% |
| Current assets | 29/58 | €412,167 | €512,662 | +€100,494 | +24.4% |
| Amounts receivable within one year | 40/41 | €117,248 | €96,629 | -€20,619 | -17.6% |
| Trade receivables | 40 | €6,901 | €1,766 | -€5,135 | -74.4% |
| Other amounts receivable | 41 | €110,347 | €94,863 | -€15,484 | -14.0% |
| Cash at bank and in hand | 54/58 | €281,363 | €403,313 | +€121,950 | +43.3% |
| Deferred charges and accrued income | 490/1 | €13,557 | €12,720 | -€837 | -6.2% |
| Total equity and liabilities | 10/49 | €549,763 | €624,537 | +€74,774 | +13.6% |
| Equity | 10/15 | €315,843 | €384,934 | +€69,091 | +21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €283,250 | €352,250 | +€69,000 | +24.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €281,390 | €350,390 | +€69,000 | +24.5% |
| Profit (loss) carried forward | 14 | €26,393 | €26,484 | +€91 | +0.3% |
| Amounts payable | 17/49 | €233,921 | €239,603 | +€5,682 | +2.4% |
| Amounts payable after more than one year | 17 | €65,425 | €43,209 | -€22,215 | -34.0% |
| Financial debts | 170/4 | €65,425 | €43,209 | -€22,215 | -34.0% |
| Amounts payable within one year | 42/48 | €168,496 | €196,394 | +€27,898 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €21,310 | €22,215 | +€906 | +4.2% |
| Trade debts | 44 | €163 | - | -€163 | |
| Suppliers | 440/4 | €163 | - | -€163 | |
| Taxes, remuneration and social security | 45 | €86,435 | €113,589 | +€27,155 | +31.4% |
| Taxes | 450/3 | €86,435 | €113,589 | +€27,155 | +31.4% |
| Other amounts payable | 47/48 | €60,589 | €60,589 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,589 | €25,721 | +€132 | +0.5% |
| Other operating charges | 640/8 | €1,091 | €1,170 | +€79 | +7.2% |
| Non-recurring operating charges | 66A | €3,279 | €269 | -€3,010 | -91.8% |
| Gross operating margin | 9900 | €219,073 | €250,203 | +€31,130 | +14.2% |
| Operating profit (loss) | 9901 | €189,114 | €223,043 | +€33,929 | +17.9% |
| Financial income | 75/76B | €9,438 | €7,179 | -€2,259 | -23.9% |
| Recurring financial income | 75 | €9,438 | €7,179 | -€2,259 | -23.9% |
| Financial charges | 65/66B | €5,476 | €2,382 | -€3,095 | -56.5% |
| Recurring financial charges | 65 | €5,476 | €2,382 | -€3,095 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €193,075 | €227,840 | +€34,765 | +18.0% |
| Income taxes | 67/77 | €42,240 | €52,749 | +€10,509 | +24.9% |
| Profit (loss) for the period | 9904 | €150,835 | €175,091 | +€24,256 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €150,835 | €175,091 | +€24,256 | +16.1% |
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 29 October 2026 via checked.be.