LDP IMMO CONCEPT: 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 IMMO CONCEPT
Largest movements
- Stocks and contracts +€71,764
up €71,764 (+9.8%), from €734,797 to €806,561
- Receivables within one year -€34,564
down €34,564 (-31.1%), from €111,193 to €76,630
of which Trade receivables: -€44,833
- Tangible fixed assets -€20,786
down €20,786 (-4.8%), from €433,472 to €412,685
of which Leasing and similar rights: -€19,192
- Cash +€17,229
up €17,229 (+33.1%), from €51,979 to €69,208
mainly Net result for the year (+€108,129) and Other debts (+€50,000)
- Profit (loss) carried forward +€108,129
up €108,129 (+393%), from €27,505 to €135,634
- Short-term financial debts -€85,000
no longer reported in 2025 (was €85,000)
- Trade debts -€66,967
down €66,967 (-57.3%), from €116,889 to €49,922
- Debts after one year -€51,632
down €51,632 (-6.9%), from €752,267 to €700,635
- Other debts +€50,000
up €50,000 (+24.6%), from €203,500 to €253,500
- Gross operating margin +€109,820
up €109,820 (+117%), from €93,600 to €203,420
- Taxes +€33,601
up €33,601 (+445%), from €7,553 to €41,154
- Financial charges -€3,903
down €3,903 (-14.0%), from €27,900 to €23,997
- Depreciation +€3,422
up €3,422 (+13.8%), from €24,790 to €28,212
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 | €1,331,441 | €1,365,084 | +€33,643 | +2.5% |
| Fixed assets | 21/28 | €433,472 | €412,685 | -€20,786 | -4.8% |
| Tangible fixed assets | 22/27 | €433,472 | €412,685 | -€20,786 | -4.8% |
| Plant, machinery and equipment | 23 | €19,741 | €17,306 | -€2,435 | -12.3% |
| Furniture and vehicles | 24 | €9,939 | €6,573 | -€3,366 | -33.9% |
| Leasing and similar rights | 25 | €345,615 | €326,423 | -€19,192 | -5.6% |
| Other tangible fixed assets | 26 | €58,176 | €62,383 | +€4,207 | +7.2% |
| Current assets | 29/58 | €897,969 | €952,399 | +€54,429 | +6.1% |
| Stocks and contracts in progress | 3 | €734,797 | €806,561 | +€71,764 | +9.8% |
| Stocks | 30/36 | €734,797 | €806,561 | +€71,764 | +9.8% |
| Amounts receivable within one year | 40/41 | €111,193 | €76,630 | -€34,564 | -31.1% |
| Trade receivables | 40 | €96,173 | €51,340 | -€44,833 | -46.6% |
| Other amounts receivable | 41 | €15,020 | €25,289 | +€10,269 | +68.4% |
| Cash at bank and in hand | 54/58 | €51,979 | €69,208 | +€17,229 | +33.1% |
| Total equity and liabilities | 10/49 | €1,331,441 | €1,365,084 | +€33,643 | +2.5% |
| Equity | 10/15 | €46,105 | €154,234 | +€108,129 | +235% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,505 | €135,634 | +€108,129 | +393% |
| Provisions and deferred taxes | 16 | €45,930 | €45,930 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €45,930 | €45,930 | = | 0.0% |
| Other liabilities and charges | 164/5 | €45,930 | €45,930 | = | 0.0% |
| Amounts payable | 17/49 | €1,239,406 | €1,164,920 | -€74,487 | -6.0% |
| Amounts payable after more than one year | 17 | €752,267 | €700,635 | -€51,632 | -6.9% |
| Financial debts | 170/4 | €752,267 | €700,635 | -€51,632 | -6.9% |
| Amounts payable within one year | 42/48 | €487,139 | €464,285 | -€22,854 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €50,697 | €51,632 | +€936 | +1.8% |
| Financial debts | 43 | €85,000 | - | -€85,000 | |
| Credit institutions | 430/8 | €85,000 | - | -€85,000 | |
| Trade debts | 44 | €116,889 | €49,922 | -€66,967 | -57.3% |
| Suppliers | 440/4 | €116,889 | €49,922 | -€66,967 | -57.3% |
| Advances received on contracts in progress | 46 | €23,500 | €58,412 | +€34,912 | +149% |
| Taxes, remuneration and social security | 45 | €7,553 | €50,818 | +€43,265 | +573% |
| Taxes | 450/3 | €7,553 | €50,818 | +€43,265 | +573% |
| Other amounts payable | 47/48 | €203,500 | €253,500 | +€50,000 | +24.6% |
| Remuneration, social security and pensions | 62 | - | €123 | +€123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,790 | €28,212 | +€3,422 | +13.8% |
| Other operating charges | 640/8 | €1,864 | €2,568 | +€704 | +37.8% |
| Gross operating margin | 9900 | €93,600 | €203,420 | +€109,820 | +117% |
| Operating profit (loss) | 9901 | €66,945 | €172,516 | +€105,571 | +158% |
| Financial income | 75/76B | €1,691 | €764 | -€927 | -54.8% |
| Recurring financial income | 75 | €1,691 | €764 | -€927 | -54.8% |
| Financial charges | 65/66B | €27,900 | €23,997 | -€3,903 | -14.0% |
| Recurring financial charges | 65 | €27,900 | €23,997 | -€3,903 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €40,736 | €149,283 | +€108,547 | +266% |
| Income taxes | 67/77 | €7,553 | €41,154 | +€33,601 | +445% |
| Profit (loss) for the period | 9904 | €33,183 | €108,129 | +€74,946 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €33,183 | €108,129 | +€74,946 | +226% |
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 13 October 2026 via checked.be.