LDS IMMO: 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 IMMO
Largest movements
- Receivables within one year +€281,874
up €281,874 (+402.7%), from €70,000 to €351,874
- Stocks and contracts -€252,487
down €252,487 (-75.1%), from €336,172 to €83,685
- Cash +€27,658
up €27,658 (+1106.3%), from €2,500 to €30,158
- Debts after one year +€55,510
up €55,510 (+13.7%), from €405,172 to €460,682
- Other debts +€30,846
up €30,846 (+3084.6%), from €1,000 to €31,846
- Profit (loss) carried forward -€29,660
down €29,660 (-4272.0%), from -€694 to -€30,354
- Financial charges +€15,455
new in 2025: €15,455
- Gross operating margin +€4,919
new in 2025: €4,919
- Depreciation +€88
up €88 (+35.8%), from €245 to €332
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €410,088 | €466,469 | +€56,382 | +13.7% |
| Formation expenses | 20 | €1,416 | €752 | -€664 | -46.9% |
| Current assets | 29/58 | €408,672 | €465,717 | +€57,046 | +14.0% |
| Stocks and contracts in progress | 3 | €336,172 | €83,685 | -€252,487 | -75.1% |
| Stocks | 30/36 | €336,172 | €83,685 | -€252,487 | -75.1% |
| Amounts receivable within one year | 40/41 | €70,000 | €351,874 | +€281,874 | +402.7% |
| Other amounts receivable | 41 | €70,000 | €351,874 | +€281,874 | +402.7% |
| Cash at bank and in hand | 54/58 | €2,500 | €30,158 | +€27,658 | +1106.3% |
| Total equity and liabilities | 10/49 | €410,088 | €466,469 | +€56,382 | +13.7% |
| Equity | 10/15 | €1,806 | -€27,854 | -€29,660 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€694 | -€30,354 | -€29,660 | -4272.0% |
| Amounts payable | 17/49 | €408,282 | €494,323 | +€86,041 | +21.1% |
| Amounts payable after more than one year | 17 | €405,172 | €460,682 | +€55,510 | +13.7% |
| Financial debts | 170/4 | €405,172 | €460,682 | +€55,510 | +13.7% |
| Amounts payable within one year | 42/48 | €3,110 | €33,641 | +€30,531 | +981.6% |
| Trade debts | 44 | €2,110 | €1,796 | -€315 | -14.9% |
| Suppliers | 440/4 | €2,110 | €1,796 | -€315 | -14.9% |
| Other amounts payable | 47/48 | €1,000 | €31,846 | +€30,846 | +3084.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245 | €332 | +€88 | +35.8% |
| Other operating charges | 640/8 | €450 | €494 | +€44 | +9.8% |
| Gross operating margin | 9900 | - | €4,919 | +€4,919 | |
| Operating profit (loss) | 9901 | -€694 | €4,093 | +€4,787 | |
| Financial charges | 65/66B | - | €15,455 | +€15,455 | |
| Recurring financial charges | 65 | - | €15,455 | +€15,455 | |
| Profit (loss) for the period before taxes | 9903 | -€694 | -€11,362 | -€10,668 | -1536.6% |
| Profit (loss) for the period | 9904 | -€694 | -€11,362 | -€10,668 | -1536.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€694 | -€11,362 | -€10,668 | -1536.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.