LDMS MANAGEMENT: 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.
LDMS MANAGEMENT
Largest movements
- Financial fixed assets +€406,000
new in 2025: €406,000
- Tangible fixed assets +€82,576
new in 2025: €82,576
of which Furniture and vehicles: +€81,620
- Receivables within one year +€31,879
up €31,879 (+436.2%), from €7,309 to €39,188
of which Trade receivables: +€31,879
- Cash -€16,747
down €16,747 (-46.1%), from €36,317 to €19,570
mainly Investment in fixed assets (net) (-€498,553) and Receivables within one year (-€31,879)
- Debts after one year +€377,785
new in 2025: €377,785
- Current portion of long-term debt +€68,722
new in 2025: €68,722
- Reserves +€39,560
up €39,560 (+249.6%), from €15,850 to €55,410
- Tax, wage and social debts +€17,218
up €17,218 (+116.0%), from €14,841 to €32,059
of which Taxes: +€17,218
- Gross operating margin +€56,218
up €56,218 (+245.1%), from €22,935 to €79,153
- Taxes +€13,897
up €13,897 (+215.2%), from €6,457 to €20,354
- Depreciation +€9,977
new in 2025: €9,977
- Financial charges +€5,462
new in 2025: €5,462
- Other operating charges +€3,169
up €3,169 (+506.6%), from €626 to €3,795
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 | €43,626 | €549,453 | +€505,827 | +1159.5% |
| Fixed assets | 21/28 | - | €488,576 | +€488,576 | |
| Tangible fixed assets | 22/27 | - | €82,576 | +€82,576 | |
| Furniture and vehicles | 24 | - | €81,620 | +€81,620 | |
| Other tangible fixed assets | 26 | - | €956 | +€956 | |
| Financial fixed assets | 28 | - | €406,000 | +€406,000 | |
| Current assets | 29/58 | €43,626 | €60,877 | +€17,251 | +39.5% |
| Amounts receivable within one year | 40/41 | €7,309 | €39,188 | +€31,879 | +436.2% |
| Trade receivables | 40 | €7,260 | €39,139 | +€31,879 | +439.1% |
| Other amounts receivable | 41 | €49 | €49 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,317 | €19,570 | -€16,747 | -46.1% |
| Deferred charges and accrued income | 490/1 | - | €2,119 | +€2,119 | |
| Total equity and liabilities | 10/49 | €43,626 | €549,453 | +€505,827 | +1159.5% |
| Equity | 10/15 | €25,852 | €65,417 | +€39,565 | +153.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €15,850 | €55,410 | +€39,560 | +249.6% |
| Distributable reserves | 133 | €15,850 | €55,410 | +€39,560 | +249.6% |
| Profit (loss) carried forward | 14 | €2 | €7 | +€5 | +195.9% |
| Amounts payable | 17/49 | €17,773 | €484,035 | +€466,262 | +2623.4% |
| Amounts payable after more than one year | 17 | - | €377,785 | +€377,785 | |
| Financial debts | 170/4 | - | €377,785 | +€377,785 | |
| Amounts payable within one year | 42/48 | €17,582 | €103,988 | +€86,406 | +491.4% |
| Current portion of amounts payable after more than one year | 42 | - | €68,722 | +€68,722 | |
| Trade debts | 44 | €850 | €3,047 | +€2,197 | +258.5% |
| Suppliers | 440/4 | €850 | €3,047 | +€2,197 | +258.5% |
| Taxes, remuneration and social security | 45 | €14,841 | €32,059 | +€17,218 | +116.0% |
| Taxes | 450/3 | €12,841 | €30,059 | +€17,218 | +134.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,892 | €160 | -€1,732 | -91.5% |
| Accrued charges and deferred income | 492/3 | €191 | €2,263 | +€2,071 | +1083.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,977 | +€9,977 | |
| Other operating charges | 640/8 | €626 | €3,795 | +€3,169 | +506.6% |
| Gross operating margin | 9900 | €22,935 | €79,153 | +€56,218 | +245.1% |
| Operating profit (loss) | 9901 | €22,309 | €65,381 | +€43,071 | +193.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €5,462 | +€5,462 | |
| Recurring financial charges | 65 | - | €5,462 | +€5,462 | |
| Profit (loss) for the period before taxes | 9903 | €22,309 | €59,919 | +€37,610 | +168.6% |
| Income taxes | 67/77 | €6,457 | €20,354 | +€13,897 | +215.2% |
| Profit (loss) for the period | 9904 | €15,852 | €39,565 | +€23,712 | +149.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,852 | €39,565 | +€23,712 | +149.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.