LDMC: 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.
LDMC
Largest movements
- Cash +€105,780
up €105,780 (+63.4%), from €166,964 to €272,744
mainly Net result for the year (+€112,694) and Depreciation (+€4,331)
- Tangible fixed assets -€3,288
down €3,288 (-59.0%), from €5,570 to €2,282
of which Furniture and vehicles: -€3,990
- Reserves +€112,694
up €112,694 (+83.5%), from €134,931 to €247,624
- Tax, wage and social debts -€7,295
down €7,295 (-15.9%), from €45,812 to €38,517
of which Taxes: -€5,740
- Taxes -€12,845
down €12,845 (-38.0%), from €33,782 to €20,938
- Gross operating margin +€8,439
up €8,439 (+6.7%), from €126,482 to €134,921
- Depreciation -€3,584
down €3,584 (-45.3%), from €7,915 to €4,331
- Financial income +€3,478
up €3,478 (+23186.5%), from €15 to €3,493
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 | €184,596 | €288,215 | +€103,619 | +56.1% |
| Fixed assets | 21/28 | €5,570 | €2,282 | -€3,288 | -59.0% |
| Tangible fixed assets | 22/27 | €5,570 | €2,282 | -€3,288 | -59.0% |
| Plant, machinery and equipment | 23 | €1,127 | €1,829 | +€702 | +62.3% |
| Furniture and vehicles | 24 | €4,443 | €453 | -€3,990 | -89.8% |
| Current assets | 29/58 | €179,025 | €285,933 | +€106,908 | +59.7% |
| Amounts receivable within one year | 40/41 | €11,029 | €12,520 | +€1,492 | +13.5% |
| Trade receivables | 40 | €11,011 | €12,493 | +€1,482 | +13.5% |
| Other amounts receivable | 41 | €18 | €28 | +€10 | +57.7% |
| Cash at bank and in hand | 54/58 | €166,964 | €272,744 | +€105,780 | +63.4% |
| Deferred charges and accrued income | 490/1 | €1,033 | €668 | -€364 | -35.3% |
| Total equity and liabilities | 10/49 | €184,596 | €288,215 | +€103,619 | +56.1% |
| Equity | 10/15 | €135,931 | €248,624 | +€112,694 | +82.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €134,931 | €247,624 | +€112,694 | +83.5% |
| Distributable reserves | 133 | €134,931 | €247,624 | +€112,694 | +83.5% |
| Amounts payable | 17/49 | €48,665 | €39,591 | -€9,074 | -18.6% |
| Amounts payable within one year | 42/48 | €48,665 | €39,591 | -€9,074 | -18.6% |
| Trade debts | 44 | €998 | €484 | -€514 | -51.5% |
| Suppliers | 440/4 | €998 | €484 | -€514 | -51.5% |
| Taxes, remuneration and social security | 45 | €45,812 | €38,517 | -€7,295 | -15.9% |
| Taxes | 450/3 | €43,382 | €37,642 | -€5,740 | -13.2% |
| Remuneration and social security | 454/9 | €2,430 | €875 | -€1,555 | -64.0% |
| Other amounts payable | 47/48 | €1,855 | €589 | -€1,265 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,915 | €4,331 | -€3,584 | -45.3% |
| Other operating charges | 640/8 | €245 | €397 | +€152 | +62.2% |
| Gross operating margin | 9900 | €126,482 | €134,921 | +€8,439 | +6.7% |
| Operating profit (loss) | 9901 | €118,322 | €130,192 | +€11,870 | +10.0% |
| Financial income | 75/76B | €15 | €3,493 | +€3,478 | +23186.5% |
| Recurring financial income | 75 | €15 | €3,493 | +€3,478 | +23186.5% |
| Financial charges | 65/66B | €42 | €54 | +€12 | +28.8% |
| Recurring financial charges | 65 | €42 | €54 | +€12 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €118,295 | €133,631 | +€15,336 | +13.0% |
| Income taxes | 67/77 | €33,782 | €20,938 | -€12,845 | -38.0% |
| Profit (loss) for the period | 9904 | €84,513 | €112,694 | +€28,181 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,513 | €112,694 | +€28,181 | +33.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.