LDS: 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.
LDS
Largest movements
- Tangible fixed assets +€28,920
up €28,920 (+144.8%), from €19,967 to €48,887
of which Furniture and vehicles: +€33,839
- Receivables within one year -€16,565
down €16,565 (-69.1%), from €23,984 to €7,419
of which Other amounts receivable: -€8,940
- Cash -€6,161
down €6,161 (-93.3%), from €6,604 to €443
mainly Investment in fixed assets (net) (-€42,174) and Net result for the year (-€16,803)
- Debts after one year +€24,605
up €24,605 (+623.6%), from €3,945 to €28,550
- Profit (loss) carried forward -€16,803
down €16,803, from €897 to -€15,907
- Trade debts -€9,014
down €9,014 (-65.1%), from €13,842 to €4,828
- Current portion of long-term debt +€8,124
up €8,124 (+179.6%), from €4,523 to €12,647
- Tax, wage and social debts -€718
down €718 (-9.8%), from €7,349 to €6,631
- Gross operating margin -€9,238
down €9,238, from €8,124 to -€1,114
- Depreciation +€7,312
up €7,312 (+123.1%), from €5,942 to €13,253
- Financial charges +€1,464
up €1,464 (+618.1%), from €237 to €1,701
- Financial income +€368
up €368 (+6573.4%), from €6 to €374
- Other operating charges +€330
up €330 (+50.3%), from €655 to €985
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 | €50,555 | €56,749 | +€6,194 | +12.3% |
| Fixed assets | 21/28 | €19,967 | €48,887 | +€28,920 | +144.8% |
| Tangible fixed assets | 22/27 | €19,967 | €48,887 | +€28,920 | +144.8% |
| Plant, machinery and equipment | 23 | €18,465 | €13,547 | -€4,919 | -26.6% |
| Furniture and vehicles | 24 | €1,501 | €35,340 | +€33,839 | +2254.2% |
| Current assets | 29/58 | €30,589 | €7,862 | -€22,726 | -74.3% |
| Amounts receivable within one year | 40/41 | €23,984 | €7,419 | -€16,565 | -69.1% |
| Trade receivables | 40 | €12,192 | €4,568 | -€7,625 | -62.5% |
| Other amounts receivable | 41 | €11,792 | €2,851 | -€8,940 | -75.8% |
| Cash at bank and in hand | 54/58 | €6,604 | €443 | -€6,161 | -93.3% |
| Total equity and liabilities | 10/49 | €50,555 | €56,749 | +€6,194 | +12.3% |
| Equity | 10/15 | €5,897 | -€10,907 | -€16,803 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €897 | -€15,907 | -€16,803 | |
| Amounts payable | 17/49 | €44,659 | €67,656 | +€22,997 | +51.5% |
| Amounts payable after more than one year | 17 | €3,945 | €28,550 | +€24,605 | +623.6% |
| Financial debts | 170/4 | €3,945 | €28,550 | +€24,605 | +623.6% |
| Amounts payable within one year | 42/48 | €40,713 | €39,106 | -€1,608 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €4,523 | €12,647 | +€8,124 | +179.6% |
| Trade debts | 44 | €13,842 | €4,828 | -€9,014 | -65.1% |
| Suppliers | 440/4 | €13,842 | €4,828 | -€9,014 | -65.1% |
| Taxes, remuneration and social security | 45 | €7,349 | €6,631 | -€718 | -9.8% |
| Taxes | 450/3 | €7,349 | €6,631 | -€718 | -9.8% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,942 | €13,253 | +€7,312 | +123.1% |
| Other operating charges | 640/8 | €655 | €985 | +€330 | +50.3% |
| Gross operating margin | 9900 | €8,124 | -€1,114 | -€9,238 | |
| Operating profit (loss) | 9901 | €1,527 | -€15,352 | -€16,879 | |
| Financial income | 75/76B | €6 | €374 | +€368 | +6573.4% |
| Recurring financial income | 75 | €6 | €374 | +€368 | +6573.4% |
| Financial charges | 65/66B | €237 | €1,701 | +€1,464 | +618.1% |
| Recurring financial charges | 65 | €237 | €1,701 | +€1,464 | +618.1% |
| Profit (loss) for the period before taxes | 9903 | €1,295 | -€16,679 | -€17,975 | |
| Income taxes | 67/77 | €399 | €124 | -€275 | -68.9% |
| Profit (loss) for the period | 9904 | €897 | -€16,803 | -€17,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €897 | -€16,803 | -€17,700 |
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 10 October 2026 via checked.be.