LDP-Group: 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-Group
Largest movements
- Tangible fixed assets +€230,172
up €230,172 (+42.6%), from €540,855 to €771,027
of which Plant, machinery and equipment: +€117,889
- Receivables within one year +€139,951
up €139,951 (+60.5%), from €231,165 to €371,116
of which Trade receivables: +€107,219
- Stocks and contracts +€42,535
up €42,535 (+36.9%), from €115,228 to €157,763
- Debts after one year +€284,668
up €284,668 (+183.9%), from €154,780 to €439,448
- Current portion of long-term debt +€185,081
up €185,081 (+88.1%), from €209,994 to €395,075
- Trade debts -€164,210
down €164,210 (-61.7%), from €265,975 to €101,765
- Tax, wage and social debts +€70,554
up €70,554 (+31.4%), from €224,359 to €294,913
of which Remuneration and social security: +€41,678
- Reserves +€61,798
up €61,798 (+37.1%), from €166,361 to €228,159
of which Distributable reserves: +€61,798
- Gross operating margin -€348,268
down €348,268 (-22.5%), from €1.5m to €1.2m
- Staff costs -€253,992
down €253,992 (-23.6%), from €1.1m to €824,169
- Depreciation +€80,016
up €80,016 (+44.1%), from €181,470 to €261,486
- Taxes -€49,193
down €49,193 (-80.3%), from €61,290 to €12,097
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 | €1,061,328 | €1,470,412 | +€409,084 | +38.5% |
| Fixed assets | 21/28 | €583,452 | €803,764 | +€220,312 | +37.8% |
| Intangible fixed assets | 21 | €42,386 | €32,526 | -€9,860 | -23.3% |
| Tangible fixed assets | 22/27 | €540,855 | €771,027 | +€230,172 | +42.6% |
| Land and buildings | 22 | €12,852 | €41,240 | +€28,388 | +220.9% |
| Plant, machinery and equipment | 23 | €206,364 | €324,253 | +€117,889 | +57.1% |
| Furniture and vehicles | 24 | €321,639 | €405,534 | +€83,895 | +26.1% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €477,876 | €666,648 | +€188,772 | +39.5% |
| Stocks and contracts in progress | 3 | €115,228 | €157,763 | +€42,535 | +36.9% |
| Stocks | 30/36 | €115,228 | €157,763 | +€42,535 | +36.9% |
| Amounts receivable within one year | 40/41 | €231,165 | €371,116 | +€139,951 | +60.5% |
| Trade receivables | 40 | €222,863 | €330,082 | +€107,219 | +48.1% |
| Other amounts receivable | 41 | €8,302 | €41,034 | +€32,732 | +394.3% |
| Cash at bank and in hand | 54/58 | €112,566 | €107,883 | -€4,683 | -4.2% |
| Deferred charges and accrued income | 490/1 | €18,917 | €29,886 | +€10,969 | +58.0% |
| Total equity and liabilities | 10/49 | €1,061,328 | €1,470,412 | +€409,084 | +38.5% |
| Equity | 10/15 | €176,361 | €238,159 | +€61,798 | +35.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €166,361 | €228,159 | +€61,798 | +37.1% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Other | 1319 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €141,361 | €203,159 | +€61,798 | +43.7% |
| Amounts payable | 17/49 | €884,967 | €1,232,253 | +€347,286 | +39.2% |
| Amounts payable after more than one year | 17 | €154,780 | €439,448 | +€284,668 | +183.9% |
| Financial debts | 170/4 | €154,780 | €439,448 | +€284,668 | +183.9% |
| Amounts payable within one year | 42/48 | €730,145 | €792,805 | +€62,660 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €209,994 | €395,075 | +€185,081 | +88.1% |
| Trade debts | 44 | €265,975 | €101,765 | -€164,210 | -61.7% |
| Suppliers | 440/4 | €265,975 | €101,765 | -€164,210 | -61.7% |
| Taxes, remuneration and social security | 45 | €224,359 | €294,913 | +€70,554 | +31.4% |
| Taxes | 450/3 | €80,473 | €109,349 | +€28,876 | +35.9% |
| Remuneration and social security | 454/9 | €143,886 | €185,564 | +€41,678 | +29.0% |
| Other amounts payable | 47/48 | €29,817 | €1,052 | -€28,765 | -96.5% |
| Accrued charges and deferred income | 492/3 | €42 | - | -€42 | |
| Remuneration, social security and pensions | 62 | €1,078,161 | €824,169 | -€253,992 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,470 | €261,486 | +€80,016 | +44.1% |
| Other operating charges | 640/8 | €6,305 | €7,870 | +€1,565 | +24.8% |
| Non-recurring operating charges | 66A | - | €2,452 | +€2,452 | |
| Gross operating margin | 9900 | €1,544,947 | €1,196,679 | -€348,268 | -22.5% |
| Operating profit (loss) | 9901 | €279,011 | €100,702 | -€178,309 | -63.9% |
| Financial income | 75/76B | €48 | €227 | +€179 | +372.9% |
| Recurring financial income | 75 | €48 | €227 | +€179 | +372.9% |
| Financial charges | 65/66B | €15,694 | €26,201 | +€10,507 | +66.9% |
| Recurring financial charges | 65 | €15,694 | €26,201 | +€10,507 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | €263,365 | €74,728 | -€188,637 | -71.6% |
| Income taxes | 67/77 | €61,290 | €12,097 | -€49,193 | -80.3% |
| Profit (loss) for the period | 9904 | €202,075 | €62,631 | -€139,444 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €202,075 | €62,631 | -€139,444 | -69.0% |
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 1 October 2026 via checked.be.