LDP: 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.
LDP
Largest movements
- Receivables within one year -€38,530
down €38,530 (-87.6%), from €43,978 to €5,448
- Cash +€37,899
up €37,899 (+88.1%), from €43,023 to €80,922
mainly Receivables within one year (+€38,530) and Depreciation (+€8,586)
- Tangible fixed assets -€7,064
down €7,064 (-50.9%), from €13,866 to €6,802
- Debts after one year -€6,185
no longer reported in 2025 (was €6,185)
- Other debts +€3,359
up €3,359 (+16.2%), from €20,742 to €24,101
- Tax, wage and social debts -€3,002
down €3,002 (-17.3%), from €17,313 to €14,311
of which Taxes: -€4,752
- Current portion of long-term debt -€1,921
down €1,921 (-23.7%), from €8,107 to €6,185
- Trade debts -€1,051
down €1,051 (-26.6%), from €3,948 to €2,897
- Other operating charges -€13,159
down €13,159 (-14.1%), from €93,449 to €80,290
- Gross operating margin -€2,275
down €2,275 (-2.5%), from €92,337 to €90,062
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 | €102,077 | €93,689 | -€8,388 | -8.2% |
| Fixed assets | 21/28 | €14,041 | €6,977 | -€7,064 | -50.3% |
| Tangible fixed assets | 22/27 | €13,866 | €6,802 | -€7,064 | -50.9% |
| Furniture and vehicles | 24 | €13,866 | €6,802 | -€7,064 | -50.9% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €88,036 | €86,712 | -€1,324 | -1.5% |
| Amounts receivable within one year | 40/41 | €43,978 | €5,448 | -€38,530 | -87.6% |
| Trade receivables | 40 | €43,978 | €5,448 | -€38,530 | -87.6% |
| Cash at bank and in hand | 54/58 | €43,023 | €80,922 | +€37,899 | +88.1% |
| Deferred charges and accrued income | 490/1 | €1,035 | €342 | -€693 | -66.9% |
| Total equity and liabilities | 10/49 | €102,077 | €93,689 | -€8,388 | -8.2% |
| Equity | 10/15 | €45,782 | €46,195 | +€413 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,182 | €27,595 | +€413 | +1.5% |
| Amounts payable | 17/49 | €56,295 | €47,495 | -€8,801 | -15.6% |
| Amounts payable after more than one year | 17 | €6,185 | - | -€6,185 | |
| Financial debts | 170/4 | €6,185 | - | -€6,185 | |
| Amounts payable within one year | 42/48 | €50,110 | €47,495 | -€2,615 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €8,107 | €6,185 | -€1,921 | -23.7% |
| Trade debts | 44 | €3,948 | €2,897 | -€1,051 | -26.6% |
| Suppliers | 440/4 | €3,948 | €2,897 | -€1,051 | -26.6% |
| Taxes, remuneration and social security | 45 | €17,313 | €14,311 | -€3,002 | -17.3% |
| Taxes | 450/3 | €17,313 | €12,561 | -€4,752 | -27.4% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €20,742 | €24,101 | +€3,359 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,282 | €8,586 | -€696 | -7.5% |
| Other operating charges | 640/8 | €93,449 | €80,290 | -€13,159 | -14.1% |
| Gross operating margin | 9900 | €92,337 | €90,062 | -€2,275 | -2.5% |
| Operating profit (loss) | 9901 | -€10,395 | €1,186 | +€11,580 | |
| Financial income | 75/76B | €7 | €39 | +€32 | +492.9% |
| Recurring financial income | 75 | €7 | €39 | +€32 | +492.9% |
| Financial charges | 65/66B | €603 | €671 | +€67 | +11.2% |
| Recurring financial charges | 65 | €603 | €671 | +€67 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,991 | €554 | +€11,545 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€11,131 | €413 | +€11,543 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,131 | €413 | +€11,543 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.