LDS MANAGEMENT: what changed
LDS MANAGEMENT
Largest movements
- Tangible fixed assets +€26,165
up €26,165 (+371%), from €7,061 to €33,226
of which Furniture and vehicles: +€25,440
- Cash +€8,943
up €8,943 (+363%), from €2,463 to €11,406
mainly Net result for the year (+€16,386) and Debts after one year (+€16,165)
- Receivables within one year +€2,557
up €2,557 (+663%), from €386 to €2,943
- Profit (loss) carried forward +€16,386
up €16,386 (+79.6%), from -€20,579 to -€4,193
- Debts after one year +€16,165
up €16,165 (+368%), from €4,390 to €20,555
- Current portion of long-term debt +€7,315
up €7,315 (+174%), from €4,208 to €11,523
- Tax, wage and social debts +€4,486
up €4,486 (+168%), from €2,675 to €7,161
of which Taxes: +€3,486
- Other debts -€3,636
down €3,636 (-33.0%), from €11,028 to €7,392
- Gross operating margin +€24,024
up €24,024 (+304%), from €7,900 to €31,924
- Taxes +€4,329
up €4,329 (+1,648%), from €263 to €4,591
- Depreciation +€2,208
up €2,208 (+31.1%), from €7,092 to €9,301
- Financial charges +€383
up €383 (+77.1%), from €497 to €880
- Other operating charges +€347
up €347 (+82.7%), from €420 to €767
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 | €12,013 | €49,821 | +€37,808 | +315% |
| Fixed assets | 21/28 | €7,061 | €33,226 | +€26,165 | +371% |
| Tangible fixed assets | 22/27 | €7,061 | €33,226 | +€26,165 | +371% |
| Plant, machinery and equipment | 23 | €535 | €1,260 | +€724 | +135% |
| Furniture and vehicles | 24 | €6,526 | €31,966 | +€25,440 | +390% |
| Current assets | 29/58 | €4,952 | €16,595 | +€11,643 | +235% |
| Stocks and contracts in progress | 3 | €1,497 | €1,515 | +€17 | +1.2% |
| Stocks | 30/36 | €1,497 | €1,515 | +€17 | +1.2% |
| Amounts receivable within one year | 40/41 | €386 | €2,943 | +€2,557 | +663% |
| Trade receivables | 40 | €386 | €2,943 | +€2,557 | +663% |
| Cash at bank and in hand | 54/58 | €2,463 | €11,406 | +€8,943 | +363% |
| Deferred charges and accrued income | 490/1 | €607 | €732 | +€125 | +20.6% |
| Total equity and liabilities | 10/49 | €12,013 | €49,821 | +€37,808 | +315% |
| Equity | 10/15 | -€14,379 | €2,007 | +€16,386 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,579 | -€4,193 | +€16,386 | +79.6% |
| Amounts payable | 17/49 | €26,392 | €47,814 | +€21,422 | +81.2% |
| Amounts payable after more than one year | 17 | €4,390 | €20,555 | +€16,165 | +368% |
| Financial debts | 170/4 | €4,390 | €20,555 | +€16,165 | +368% |
| Amounts payable within one year | 42/48 | €21,937 | €27,192 | +€5,256 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €4,208 | €11,523 | +€7,315 | +174% |
| Trade debts | 44 | €4,025 | €1,116 | -€2,909 | -72.3% |
| Suppliers | 440/4 | €4,025 | €1,116 | -€2,909 | -72.3% |
| Taxes, remuneration and social security | 45 | €2,675 | €7,161 | +€4,486 | +168% |
| Taxes | 450/3 | €2,675 | €6,161 | +€3,486 | +130% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €11,028 | €7,392 | -€3,636 | -33.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,092 | €9,301 | +€2,208 | +31.1% |
| Other operating charges | 640/8 | €420 | €767 | +€347 | +82.7% |
| Gross operating margin | 9900 | €7,900 | €31,924 | +€24,024 | +304% |
| Operating profit (loss) | 9901 | €387 | €21,855 | +€21,468 | +5,541% |
| Financial income | 75/76B | €10 | €1 | -€8 | -85.2% |
| Recurring financial income | 75 | €10 | €1 | -€8 | -85.2% |
| Financial charges | 65/66B | €497 | €880 | +€383 | +77.1% |
| Recurring financial charges | 65 | €497 | €880 | +€383 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | -€100 | €20,977 | +€21,077 | |
| Income taxes | 67/77 | €263 | €4,591 | +€4,329 | +1,648% |
| Profit (loss) for the period | 9904 | -€362 | €16,386 | +€16,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€362 | €16,386 | +€16,748 |
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.