LDR-TRANS: 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.
LDR-TRANS
Largest movements
- Cash +€106,926
up €106,926 (+466%), from €22,967 to €129,892
mainly Net result for the year (+€70,486) and Tax, wage and social debts (+€36,716)
- Tangible fixed assets -€7,263
down €7,263 (-33.3%), from €21,835 to €14,572
of which Furniture and vehicles: -€10,301
- Deferred charges and accrued income -€3,246
no longer reported in 2025 (was €3,246)
- Receivables within one year -€2,987
down €2,987 (-12.0%), from €24,833 to €21,846
of which Other amounts receivable: -€3,374
- Reserves +€70,500
up €70,500 (+940%), from €7,500 to €78,000
- Tax, wage and social debts +€36,716
new in 2025: €36,716
- Debts after one year -€20,925
down €20,925 (-67.6%), from €30,945 to €10,020
- Trade debts +€8,557
up €8,557 (+161%), from €5,299 to €13,856
- Current portion of long-term debt -€1,933
down €1,933 (-12.9%), from €14,978 to €13,045
- Gross operating margin +€74,248
up €74,248 (+207%), from €35,902 to €110,150
- Taxes +€24,735
new in 2025: €24,735
- Other operating charges -€13,990
down €13,990 (-77.8%), from €17,977 to €3,987
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 | €78,821 | €171,880 | +€93,059 | +118% |
| Formation expenses | 20 | €372 | - | -€372 | |
| Fixed assets | 21/28 | €27,405 | €20,142 | -€7,263 | -26.5% |
| Tangible fixed assets | 22/27 | €21,835 | €14,572 | -€7,263 | -33.3% |
| Plant, machinery and equipment | 23 | €6,448 | €9,970 | +€3,522 | +54.6% |
| Furniture and vehicles | 24 | €13,451 | €3,150 | -€10,301 | -76.6% |
| Other tangible fixed assets | 26 | €1,936 | €1,452 | -€484 | -25.0% |
| Financial fixed assets | 28 | €5,570 | €5,570 | = | 0.0% |
| Current assets | 29/58 | €51,045 | €151,738 | +€100,693 | +197% |
| Amounts receivable within one year | 40/41 | €24,833 | €21,846 | -€2,987 | -12.0% |
| Trade receivables | 40 | €20,909 | €21,296 | +€387 | +1.9% |
| Other amounts receivable | 41 | €3,924 | €550 | -€3,374 | -86.0% |
| Cash at bank and in hand | 54/58 | €22,967 | €129,892 | +€106,926 | +466% |
| Deferred charges and accrued income | 490/1 | €3,246 | - | -€3,246 | |
| Total equity and liabilities | 10/49 | €78,821 | €171,880 | +€93,059 | +118% |
| Equity | 10/15 | €26,573 | €97,058 | +€70,486 | +265% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,500 | €78,000 | +€70,500 | +940% |
| Distributable reserves | 133 | €7,500 | €78,000 | +€70,500 | +940% |
| Profit (loss) carried forward | 14 | €473 | €458 | -€15 | -3.1% |
| Amounts payable | 17/49 | €52,248 | €74,822 | +€22,574 | +43.2% |
| Amounts payable after more than one year | 17 | €30,945 | €10,020 | -€20,925 | -67.6% |
| Financial debts | 170/4 | €30,945 | €10,020 | -€20,925 | -67.6% |
| Amounts payable within one year | 42/48 | €21,303 | €64,802 | +€43,499 | +204% |
| Current portion of amounts payable after more than one year | 42 | €14,978 | €13,045 | -€1,933 | -12.9% |
| Trade debts | 44 | €5,299 | €13,856 | +€8,557 | +161% |
| Suppliers | 440/4 | €5,299 | €13,856 | +€8,557 | +161% |
| Taxes, remuneration and social security | 45 | - | €36,716 | +€36,716 | |
| Taxes | 450/3 | - | €36,716 | +€36,716 | |
| Other amounts payable | 47/48 | €1,026 | €1,185 | +€159 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,887 | €9,644 | -€243 | -2.5% |
| Other operating charges | 640/8 | €17,977 | €3,987 | -€13,990 | -77.8% |
| Gross operating margin | 9900 | €35,902 | €110,150 | +€74,248 | +207% |
| Operating profit (loss) | 9901 | €8,038 | €96,519 | +€88,480 | +1,101% |
| Financial income | 75/76B | €2 | €185 | +€183 | +7,869% |
| Recurring financial income | 75 | €2 | €185 | +€183 | +7,869% |
| Financial charges | 65/66B | €2,230 | €1,483 | -€747 | -33.5% |
| Recurring financial charges | 65 | €2,230 | €1,483 | -€747 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €5,810 | €95,220 | +€89,410 | +1,539% |
| Income taxes | 67/77 | - | €24,735 | +€24,735 | |
| Profit (loss) for the period | 9904 | €5,810 | €70,486 | +€64,675 | +1,113% |
| Profit (loss) for the period to be appropriated | 9905 | €5,810 | €70,486 | +€64,675 | +1,113% |
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 20 October 2026 via checked.be.