LDR SOFT: what changed
LDR SOFT
Largest movements
- Cash +€88,901
up €88,901 (+232%), from €38,380 to €127,281
mainly Other debts (+€74,899) and Advances received (+€39,000)
- Tangible fixed assets -€19,194
down €19,194 (-16.5%), from €116,158 to €96,964
of which Land and buildings: -€98,252
- Receivables within one year +€17,818
up €17,818 (+31.9%), from €55,891 to €73,709
of which Other amounts receivable: +€24,128
- Reserves -€80,090
down €80,090 (-53.0%), from €151,046 to €70,956
- Other debts +€74,899
up €74,899 (+171%), from €43,787 to €118,686
- Advances received +€39,000
new in 2025: €39,000
- Debts after one year +€35,036
new in 2025: €35,036
- Current portion of long-term debt +€9,540
new in 2025: €9,540
- Gross operating margin +€34,273
up €34,273 (+77.4%), from €44,265 to €78,538
- Other operating charges +€8,354
up €8,354 (+880%), from €949 to €9,303
- Taxes +€6,201
up €6,201 (+69.4%), from €8,934 to €15,135
- Depreciation -€968
down €968 (-5.5%), from €17,561 to €16,593
- Financial income +€821
up €821 (+56.8%), from €1,446 to €2,267
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,448 | €313,013 | +€87,565 | +38.8% |
| Fixed assets | 21/28 | €116,323 | €97,129 | -€19,194 | -16.5% |
| Tangible fixed assets | 22/27 | €116,158 | €96,964 | -€19,194 | -16.5% |
| Land and buildings | 22 | €98,252 | - | -€98,252 | |
| Plant, machinery and equipment | 23 | €10,621 | €8,405 | -€2,216 | -20.9% |
| Furniture and vehicles | 24 | €7,285 | €88,559 | +€81,274 | +1,116% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €109,125 | €215,884 | +€106,759 | +97.8% |
| Stocks and contracts in progress | 3 | €14,000 | €14,000 | = | 0.0% |
| Stocks | 30/36 | €14,000 | €14,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,891 | €73,709 | +€17,818 | +31.9% |
| Trade receivables | 40 | €22,424 | €16,114 | -€6,310 | -28.1% |
| Other amounts receivable | 41 | €33,467 | €57,595 | +€24,128 | +72.1% |
| Cash at bank and in hand | 54/58 | €38,380 | €127,281 | +€88,901 | +232% |
| Deferred charges and accrued income | 490/1 | €854 | €894 | +€40 | +4.7% |
| Total equity and liabilities | 10/49 | €225,448 | €313,013 | +€87,565 | +38.8% |
| Equity | 10/15 | €157,246 | €77,156 | -€80,090 | -50.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,046 | €70,956 | -€80,090 | -53.0% |
| Distributable reserves | 133 | €151,046 | €70,956 | -€80,090 | -53.0% |
| Amounts payable | 17/49 | €68,202 | €235,857 | +€167,655 | +246% |
| Amounts payable after more than one year | 17 | - | €35,036 | +€35,036 | |
| Financial debts | 170/4 | - | €35,036 | +€35,036 | |
| Amounts payable within one year | 42/48 | €68,202 | €200,821 | +€132,619 | +194% |
| Current portion of amounts payable after more than one year | 42 | - | €9,540 | +€9,540 | |
| Trade debts | 44 | - | €4,476 | +€4,476 | |
| Suppliers | 440/4 | - | €4,476 | +€4,476 | |
| Advances received on contracts in progress | 46 | - | €39,000 | +€39,000 | |
| Taxes, remuneration and social security | 45 | €24,415 | €29,119 | +€4,704 | +19.3% |
| Taxes | 450/3 | €24,415 | €29,119 | +€4,704 | +19.3% |
| Other amounts payable | 47/48 | €43,787 | €118,686 | +€74,899 | +171% |
| Non-recurring operating income | 76A | - | €32,231 | +€32,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,561 | €16,593 | -€968 | -5.5% |
| Other operating charges | 640/8 | €949 | €9,303 | +€8,354 | +880% |
| Gross operating margin | 9900 | €44,265 | €78,538 | +€34,273 | +77.4% |
| Operating profit (loss) | 9901 | €25,755 | €52,642 | +€26,887 | +104% |
| Financial income | 75/76B | €1,446 | €2,267 | +€821 | +56.8% |
| Recurring financial income | 75 | €1,446 | €2,267 | +€821 | +56.8% |
| Financial charges | 65/66B | €422 | €1,177 | +€755 | +179% |
| Recurring financial charges | 65 | €422 | €1,177 | +€755 | +179% |
| Profit (loss) for the period before taxes | 9903 | €26,779 | €53,732 | +€26,953 | +101% |
| Income taxes | 67/77 | €8,934 | €15,135 | +€6,201 | +69.4% |
| Profit (loss) for the period | 9904 | €17,845 | €38,597 | +€20,752 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €17,845 | €38,597 | +€20,752 | +116% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.