LDPH IMMO: 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.
LDPH IMMO
Largest movements
- Current investments -€349,308
down €349,308 (-78.3%), from €445,848 to €96,541
- Tangible fixed assets -€197,319
down €197,319 (-5.4%), from €3.7m to €3.5m
- Cash +€113,412
up €113,412 (+27.4%), from €413,613 to €527,026
mainly Net result for the year (+€893,301) and Current investments (+€349,308)
- Receivables within one year -€111,984
down €111,984 (-54.1%), from €207,102 to €95,118
- Debts after one year -€1.3m
down €1.3m (-30.8%), from €4.3m to €3.0m
of which Financial debts: -€1.3m
- Profit (loss) carried forward +€745,951
up €745,951 (+88.7%), from -€840,740 to -€94,789
- Reserves +€147,350
new in 2025: €147,350
- Accrued charges and deferred income -€142,384
down €142,384 (-77.7%), from €183,214 to €40,830
- Financial income +€272,225
up €272,225 (+33.5%), from €812,384 to €1.1m
- Financial charges -€241,990
down €241,990 (-55.3%), from €437,790 to €195,799
- Taxes +€38,443
new in 2025: €38,443
- Gross operating margin -€36,091
down €36,091 (-11.1%), from €324,383 to €288,293
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 | €5,020,255 | €4,477,539 | -€542,716 | -10.8% |
| Fixed assets | 21/28 | €3,953,691 | €3,756,372 | -€197,319 | -5.0% |
| Tangible fixed assets | 22/27 | €3,673,691 | €3,476,372 | -€197,319 | -5.4% |
| Land and buildings | 22 | €3,087,147 | €3,000,649 | -€86,499 | -2.8% |
| Plant, machinery and equipment | 23 | €566,161 | €468,072 | -€98,089 | -17.3% |
| Furniture and vehicles | 24 | €20,382 | €7,652 | -€12,731 | -62.5% |
| Financial fixed assets | 28 | €280,000 | €280,000 | = | 0.0% |
| Current assets | 29/58 | €1,066,564 | €721,167 | -€345,397 | -32.4% |
| Amounts receivable within one year | 40/41 | €207,102 | €95,118 | -€111,984 | -54.1% |
| Trade receivables | 40 | €207,102 | €95,118 | -€111,984 | -54.1% |
| Current investments | 50/53 | €445,848 | €96,541 | -€349,308 | -78.3% |
| Cash at bank and in hand | 54/58 | €413,613 | €527,026 | +€113,412 | +27.4% |
| Deferred charges and accrued income | 490/1 | - | €2,482 | +€2,482 | |
| Total equity and liabilities | 10/49 | €5,020,255 | €4,477,539 | -€542,716 | -10.8% |
| Equity | 10/15 | €289,617 | €1,182,918 | +€893,301 | +308.4% |
| Contributions | 10/11 | €1,130,357 | €1,130,357 | = | 0.0% |
| Capital | 10 | €1,130,357 | €1,130,357 | = | 0.0% |
| Issued capital | 100 | €1,130,357 | €1,130,357 | = | 0.0% |
| Reserves | 13 | - | €147,350 | +€147,350 | |
| Tax-exempt reserves | 132 | - | €147,350 | +€147,350 | |
| Profit (loss) carried forward | 14 | -€840,740 | -€94,789 | +€745,951 | +88.7% |
| Amounts payable | 17/49 | €4,730,638 | €3,294,621 | -€1.4m | -30.4% |
| Amounts payable after more than one year | 17 | €4,347,313 | €3,007,313 | -€1.3m | -30.8% |
| Financial debts | 170/4 | €4,280,000 | €2,940,000 | -€1.3m | -31.3% |
| Other amounts payable | 178/9 | €67,313 | €67,313 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,110 | €246,477 | +€46,367 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €140,000 | €140,000 | = | 0.0% |
| Trade debts | 44 | €47,950 | €68,034 | +€20,084 | +41.9% |
| Suppliers | 440/4 | €47,950 | €68,034 | +€20,084 | +41.9% |
| Advances received on contracts in progress | 46 | €12,160 | - | -€12,160 | |
| Taxes, remuneration and social security | 45 | - | €3,443 | +€3,443 | |
| Taxes | 450/3 | - | €3,443 | +€3,443 | |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Accrued charges and deferred income | 492/3 | €183,214 | €40,830 | -€142,384 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,699 | €197,319 | -€2,380 | -1.2% |
| Other operating charges | 640/8 | €50,394 | €48,040 | -€2,355 | -4.7% |
| Gross operating margin | 9900 | €324,383 | €288,293 | -€36,091 | -11.1% |
| Operating profit (loss) | 9901 | €74,290 | €42,935 | -€31,356 | -42.2% |
| Financial income | 75/76B | €812,384 | €1,084,609 | +€272,225 | +33.5% |
| Recurring financial income | 75 | €812,384 | €1,084,609 | +€272,225 | +33.5% |
| Financial charges | 65/66B | €437,790 | €195,799 | -€241,990 | -55.3% |
| Recurring financial charges | 65 | €437,790 | €195,799 | -€241,990 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €448,884 | €931,744 | +€482,860 | +107.6% |
| Income taxes | 67/77 | - | €38,443 | +€38,443 | |
| Profit (loss) for the period | 9904 | €448,884 | €893,301 | +€444,416 | +99.0% |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €448,884 | €745,951 | +€297,066 | +66.2% |
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 9 October 2026 via checked.be.