LDO CONSEILS: 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.
LDO CONSEILS
Largest movements
- Cash -€103,899
down €103,899 (-99.5%), from €104,411 to €512
mainly Other debts (-€55,429) and Net result for the year (-€40,421)
- Receivables within one year +€20,432
up €20,432 (+165%), from €12,351 to €32,783
of which Other amounts receivable: +€20,432
- Tangible fixed assets -€13,801
down €13,801 (-22.5%), from €61,236 to €47,435
of which Furniture and vehicles: -€13,264
- Other debts -€55,429
no longer reported in 2025 (was €55,429)
- Profit (loss) carried forward -€40,421
down €40,421 (-60.0%), from €67,376 to €26,956
- Trade debts -€1,846
down €1,846 (-48.8%), from €3,781 to €1,935
- Gross operating margin -€107,564
down €107,564, from €81,372 to -€26,193
- Taxes -€24,580
down €24,580 (-99.2%), from €24,788 to €208
- Depreciation +€7,550
up €7,550 (+121%), from €6,251 to €13,801
- Financial charges -€5,223
down €5,223 (-96.0%), from €5,441 to €219
- Other operating charges -€1,284
no longer reported in 2025 (was €1,284)
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 | €177,998 | €80,730 | -€97,268 | -54.6% |
| Fixed assets | 21/28 | €61,236 | €47,435 | -€13,801 | -22.5% |
| Tangible fixed assets | 22/27 | €61,236 | €47,435 | -€13,801 | -22.5% |
| Plant, machinery and equipment | 23 | €2,637 | €2,101 | -€537 | -20.4% |
| Furniture and vehicles | 24 | €58,598 | €45,334 | -€13,264 | -22.6% |
| Current assets | 29/58 | €116,762 | €33,295 | -€83,467 | -71.5% |
| Amounts receivable within one year | 40/41 | €12,351 | €32,783 | +€20,432 | +165% |
| Trade receivables | 40 | €315 | €315 | = | 0.0% |
| Other amounts receivable | 41 | €12,036 | €32,468 | +€20,432 | +170% |
| Cash at bank and in hand | 54/58 | €104,411 | €512 | -€103,899 | -99.5% |
| Total equity and liabilities | 10/49 | €177,998 | €80,730 | -€97,268 | -54.6% |
| Equity | 10/15 | €112,843 | €72,423 | -€40,421 | -35.8% |
| Reserves | 13 | €45,467 | €45,467 | = | 0.0% |
| Distributable reserves | 133 | €45,467 | €45,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,376 | €26,956 | -€40,421 | -60.0% |
| Amounts payable | 17/49 | €65,155 | €8,307 | -€56,848 | -87.3% |
| Amounts payable within one year | 42/48 | €65,155 | €8,307 | -€56,848 | -87.3% |
| Trade debts | 44 | €3,781 | €1,935 | -€1,846 | -48.8% |
| Suppliers | 440/4 | €3,781 | €1,935 | -€1,846 | -48.8% |
| Taxes, remuneration and social security | 45 | €5,946 | €6,373 | +€427 | +7.2% |
| Taxes | 450/3 | €5,946 | €6,373 | +€427 | +7.2% |
| Other amounts payable | 47/48 | €55,429 | - | -€55,429 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,251 | €13,801 | +€7,550 | +121% |
| Other operating charges | 640/8 | €1,284 | - | -€1,284 | |
| Gross operating margin | 9900 | €81,372 | -€26,193 | -€107,564 | |
| Operating profit (loss) | 9901 | €73,836 | -€39,994 | -€113,830 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,441 | €219 | -€5,223 | -96.0% |
| Recurring financial charges | 65 | €5,441 | €219 | -€5,223 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €68,395 | -€40,212 | -€108,607 | |
| Income taxes | 67/77 | €24,788 | €208 | -€24,580 | -99.2% |
| Profit (loss) for the period | 9904 | €43,607 | -€40,421 | -€84,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,607 | -€40,421 | -€84,027 |
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 18 October 2026 via checked.be.