LDSJ: 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.
LDSJ
Largest movements
- Tangible fixed assets +€25,152
up €25,152 (+1486.3%), from €1,692 to €26,845
- Stocks and contracts +€13,800
up €13,800 (+481.3%), from €2,867 to €16,667
- Receivables within one year +€9,525
up €9,525 (+74.2%), from €12,841 to €22,366
of which Trade receivables: +€10,890
- Cash +€5,672
up €5,672 (+20.2%), from €28,024 to €33,696
mainly Net result for the year (+€50,218) and Trade debts (+€5,437)
- Reserves +€49,418
up €49,418 (+97.8%), from €50,550 to €99,968
- Trade debts +€5,437
up €5,437 (+120.9%), from €4,495 to €9,932
- Tax, wage and social debts -€1,699
down €1,699 (-30.8%), from €5,515 to €3,816
- Depreciation +€1,719
up €1,719 (+552.9%), from €311 to €2,030
- Gross operating margin +€1,699
up €1,699 (+2.6%), from €65,544 to €67,242
- Taxes +€981
up €981 (+7.3%), from €13,434 to €14,414
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 | €70,474 | €124,623 | +€54,149 | +76.8% |
| Fixed assets | 21/28 | €1,692 | €26,845 | +€25,152 | +1486.3% |
| Tangible fixed assets | 22/27 | €1,692 | €26,845 | +€25,152 | +1486.3% |
| Furniture and vehicles | 24 | €1,692 | €26,845 | +€25,152 | +1486.3% |
| Current assets | 29/58 | €68,782 | €97,779 | +€28,997 | +42.2% |
| Stocks and contracts in progress | 3 | €2,867 | €16,667 | +€13,800 | +481.3% |
| Stocks | 30/36 | €2,867 | €16,667 | +€13,800 | +481.3% |
| Amounts receivable within one year | 40/41 | €12,841 | €22,366 | +€9,525 | +74.2% |
| Trade receivables | 40 | €10,890 | €21,780 | +€10,890 | +100.0% |
| Other amounts receivable | 41 | €1,951 | €586 | -€1,365 | -70.0% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,024 | €33,696 | +€5,672 | +20.2% |
| Deferred charges and accrued income | 490/1 | €50 | €50 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €70,474 | €124,623 | +€54,149 | +76.8% |
| Equity | 10/15 | €54,050 | €103,468 | +€49,418 | +91.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €50,550 | €99,968 | +€49,418 | +97.8% |
| Distributable reserves | 133 | €50,550 | €99,968 | +€49,418 | +97.8% |
| Amounts payable | 17/49 | €16,424 | €21,156 | +€4,731 | +28.8% |
| Amounts payable within one year | 42/48 | €16,424 | €21,156 | +€4,731 | +28.8% |
| Trade debts | 44 | €4,495 | €9,932 | +€5,437 | +120.9% |
| Suppliers | 440/4 | €4,495 | €9,932 | +€5,437 | +120.9% |
| Taxes, remuneration and social security | 45 | €5,515 | €3,816 | -€1,699 | -30.8% |
| Taxes | 450/3 | €5,515 | €3,816 | -€1,699 | -30.8% |
| Other amounts payable | 47/48 | €6,414 | €7,407 | +€994 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311 | €2,030 | +€1,719 | +552.9% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €65,544 | €67,242 | +€1,699 | +2.6% |
| Operating profit (loss) | 9901 | €64,783 | €64,751 | -€33 | -0.1% |
| Financial charges | 65/66B | - | €119 | +€119 | |
| Recurring financial charges | 65 | - | €119 | +€119 | |
| Profit (loss) for the period before taxes | 9903 | €64,783 | €64,632 | -€151 | -0.2% |
| Income taxes | 67/77 | €13,434 | €14,414 | +€981 | +7.3% |
| Profit (loss) for the period | 9904 | €51,350 | €50,218 | -€1,132 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,350 | €50,218 | -€1,132 | -2.2% |
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 12 October 2026 via checked.be.