LDS construction: what changed
Two fiscal 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 construction
Largest movements
- Stocks and contracts +€122,800
up €122,800 (+47.3%), from €259,500 to €382,300
of which Contracts in progress: +€382,300
- Receivables within one year -€83,713
down €83,713 (-68.7%), from €121,909 to €38,196
of which Trade receivables: -€84,380
- Tangible fixed assets -€62,312
down €62,312 (-84.9%), from €73,410 to €11,098
of which Furniture and vehicles: -€60,347
- Cash -€9,730
no longer reported in 2024 (was €9,730)
mainly Current portion of long-term debt (-€181,116) and Stocks and contracts (-€122,800)
- Current portion of long-term debt -€181,116
down €181,116 (-95.0%), from €190,748 to €9,632
- Short-term financial debts +€159,820
new in 2024: €159,820
- Trade debts -€117,244
down €117,244 (-86.4%), from €135,704 to €18,460
- Debts after one year +€92,517
up €92,517 (+79.5%), from €116,400 to €208,917
- Other debts +€66,458
up €66,458 (+84.2%), from €78,939 to €145,397
- Purchases and services +€145,211
new in 2024: €145,211
- Financial charges +€18,636
up €18,636 (+714.3%), from €2,609 to €21,245
- Depreciation -€12,426
down €12,426 (-52.6%), from €23,638 to €11,213
- Gross operating margin -€10,376
down €10,376 (-70.2%), from €14,789 to €4,413
- Other operating charges +€6,121
up €6,121 (+1763.9%), from €347 to €6,468
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,549 | €431,594 | -€32,955 | -7.1% |
| Fixed assets | 21/28 | €73,410 | €11,098 | -€62,312 | -84.9% |
| Tangible fixed assets | 22/27 | €73,410 | €11,098 | -€62,312 | -84.9% |
| Plant, machinery and equipment | 23 | €3,651 | €2,411 | -€1,240 | -34.0% |
| Furniture and vehicles | 24 | €67,243 | €6,896 | -€60,347 | -89.7% |
| Other tangible fixed assets | 26 | €2,516 | €1,790 | -€726 | -28.8% |
| Current assets | 29/58 | €391,139 | €420,496 | +€29,357 | +7.5% |
| Stocks and contracts in progress | 3 | €259,500 | €382,300 | +€122,800 | +47.3% |
| Stocks | 30/36 | €259,500 | - | -€259,500 | |
| Contracts in progress | 37 | - | €382,300 | +€382,300 | |
| Amounts receivable within one year | 40/41 | €121,909 | €38,196 | -€83,713 | -68.7% |
| Trade receivables | 40 | €118,477 | €34,097 | -€84,380 | -71.2% |
| Other amounts receivable | 41 | €3,432 | €4,099 | +€667 | +19.4% |
| Cash at bank and in hand | 54/58 | €9,730 | - | -€9,730 | |
| Total equity and liabilities | 10/49 | €464,549 | €431,594 | -€32,955 | -7.1% |
| Equity | 10/15 | -€57,242 | -€121,524 | -€64,282 | -112.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,742 | -€124,024 | -€64,282 | -107.6% |
| Amounts payable | 17/49 | €521,791 | €553,117 | +€31,326 | +6.0% |
| Amounts payable after more than one year | 17 | €116,400 | €208,917 | +€92,517 | +79.5% |
| Financial debts | 170/4 | €116,400 | €208,917 | +€92,517 | +79.5% |
| Amounts payable within one year | 42/48 | €405,391 | €344,200 | -€61,191 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €190,748 | €9,632 | -€181,116 | -95.0% |
| Financial debts | 43 | - | €159,820 | +€159,820 | |
| Credit institutions | 430/8 | - | €159,820 | +€159,820 | |
| Trade debts | 44 | €135,704 | €18,460 | -€117,244 | -86.4% |
| Suppliers | 440/4 | €135,704 | €18,460 | -€117,244 | -86.4% |
| Taxes, remuneration and social security | 45 | - | €10,891 | +€10,891 | |
| Taxes | 450/3 | - | €10,891 | +€10,891 | |
| Other amounts payable | 47/48 | €78,939 | €145,397 | +€66,458 | +84.2% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €145,211 | +€145,211 | |
| Remuneration, social security and pensions | 62 | -€255 | - | +€255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,638 | €11,213 | -€12,426 | -52.6% |
| Other operating charges | 640/8 | €347 | €6,468 | +€6,121 | +1763.9% |
| Non-recurring operating charges | 66A | - | €29,769 | +€29,769 | |
| Gross operating margin | 9900 | €14,789 | €4,413 | -€10,376 | -70.2% |
| Operating profit (loss) | 9901 | -€8,941 | -€43,036 | -€34,095 | -381.3% |
| Financial charges | 65/66B | €2,609 | €21,245 | +€18,636 | +714.3% |
| Recurring financial charges | 65 | €2,609 | €21,245 | +€18,636 | +714.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,550 | -€64,281 | -€52,731 | -456.5% |
| Profit (loss) for the period | 9904 | -€11,550 | -€64,281 | -€52,731 | -456.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,550 | -€64,281 | -€52,731 | -456.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.