LDP ADVIES: 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.
LDP ADVIES
Largest movements
- Tangible fixed assets -€20,162
down €20,162 (-9.8%), from €206,779 to €186,617
of which Land and buildings: -€10,373
- Receivables after one year -€15,000
down €15,000 (-5.0%), from €303,000 to €288,000
- Receivables within one year -€8,390
down €8,390 (-6.8%), from €124,171 to €115,782
of which Other amounts receivable: -€8,676
- Reserves -€14,452
down €14,452 (-4.0%), from €360,258 to €345,806
of which Distributable reserves: -€10,298
- Debts after one year -€13,074
down €13,074 (-6.1%), from €213,415 to €200,341
- Tax, wage and social debts -€12,939
down €12,939 (-78.2%), from €16,546 to €3,607
- Gross operating margin -€47,583
down €47,583 (-56.0%), from €84,982 to €37,398
- Taxes -€14,837
down €14,837 (-63.6%), from €23,326 to €8,489
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 | €662,890 | €620,323 | -€42,566 | -6.4% |
| Fixed assets | 21/28 | €207,112 | €186,949 | -€20,162 | -9.7% |
| Tangible fixed assets | 22/27 | €206,779 | €186,617 | -€20,162 | -9.8% |
| Land and buildings | 22 | €196,406 | €186,033 | -€10,373 | -5.3% |
| Plant, machinery and equipment | 23 | €876 | €584 | -€292 | -33.3% |
| Furniture and vehicles | 24 | €9,498 | - | -€9,498 | |
| Financial fixed assets | 28 | €332 | €332 | = | 0.0% |
| Current assets | 29/58 | €455,778 | €433,374 | -€22,404 | -4.9% |
| Amounts receivable after more than one year | 29 | €303,000 | €288,000 | -€15,000 | -5.0% |
| Other amounts receivable | 291 | €303,000 | €288,000 | -€15,000 | -5.0% |
| Amounts receivable within one year | 40/41 | €124,171 | €115,782 | -€8,390 | -6.8% |
| Trade receivables | 40 | €13,103 | €13,389 | +€287 | +2.2% |
| Other amounts receivable | 41 | €111,069 | €102,392 | -€8,676 | -7.8% |
| Current investments | 50/53 | €566 | €568 | +€2 | +0.3% |
| Cash at bank and in hand | 54/58 | €27,568 | €29,025 | +€1,458 | +5.3% |
| Deferred charges and accrued income | 490/1 | €474 | - | -€474 | |
| Total equity and liabilities | 10/49 | €662,890 | €620,323 | -€42,566 | -6.4% |
| Equity | 10/15 | €380,569 | €366,117 | -€14,452 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €360,258 | €345,806 | -€14,452 | -4.0% |
| Tax-exempt reserves | 132 | €127,274 | €123,120 | -€4,154 | -3.3% |
| Distributable reserves | 133 | €232,984 | €222,686 | -€10,298 | -4.4% |
| Profit (loss) carried forward | 14 | €1,711 | €1,711 | = | 0.0% |
| Provisions and deferred taxes | 16 | €38,511 | €36,371 | -€2,139 | -5.6% |
| Deferred taxes | 168 | €38,511 | €36,371 | -€2,139 | -5.6% |
| Amounts payable | 17/49 | €243,809 | €217,835 | -€25,975 | -10.7% |
| Amounts payable after more than one year | 17 | €213,415 | €200,341 | -€13,074 | -6.1% |
| Financial debts | 170/4 | €213,415 | €200,341 | -€13,074 | -6.1% |
| Amounts payable within one year | 42/48 | €30,394 | €16,543 | -€13,851 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €12,567 | €12,936 | +€369 | +2.9% |
| Trade debts | 44 | €893 | - | -€893 | |
| Suppliers | 440/4 | €893 | - | -€893 | |
| Taxes, remuneration and social security | 45 | €16,546 | €3,607 | -€12,939 | -78.2% |
| Taxes | 450/3 | €16,546 | €3,607 | -€12,939 | -78.2% |
| Other amounts payable | 47/48 | €389 | - | -€389 | |
| Accrued charges and deferred income | 492/3 | - | €950 | +€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,762 | €20,162 | -€599 | -2.9% |
| Other operating charges | 640/8 | €3,590 | €3,212 | -€379 | -10.5% |
| Gross operating margin | 9900 | €84,982 | €37,398 | -€47,583 | -56.0% |
| Operating profit (loss) | 9901 | €60,630 | €14,024 | -€46,606 | -76.9% |
| Financial income | 75/76B | €6,153 | €6,466 | +€313 | +5.1% |
| Recurring financial income | 75 | €6,153 | €6,466 | +€313 | +5.1% |
| Financial charges | 65/66B | €4,807 | €4,442 | -€364 | -7.6% |
| Recurring financial charges | 65 | €4,807 | €4,442 | -€364 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €61,976 | €16,048 | -€45,929 | -74.1% |
| Transfer from deferred taxes | 780 | €2,139 | €2,139 | = | 0.0% |
| Income taxes | 67/77 | €23,326 | €8,489 | -€14,837 | -63.6% |
| Profit (loss) for the period | 9904 | €40,790 | €9,698 | -€31,091 | -76.2% |
| Transfer from tax-exempt reserves | 789 | €4,154 | €4,154 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,944 | €13,852 | -€31,091 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.