LDT: 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.
LDT
Largest movements
- Receivables within one year -€148,854
down €148,854 (-79.5%), from €187,222 to €38,368
of which Other amounts receivable: -€152,654
- Tangible fixed assets -€120,401
down €120,401 (-11.4%), from €1.1m to €935,002
of which Land and buildings: -€104,459
- Cash +€90,785
up €90,785 (+14.4%), from €631,459 to €722,243
mainly Receivables within one year (+€148,854) and Accrued charges and deferred income (+€77,801)
- Current investments +€58,500
up €58,500 (+3.1%), from €1.9m to €1.9m
- Deferred charges and accrued income -€56,133
down €56,133 (-36.8%), from €152,428 to €96,295
- Other debts -€266,959
down €266,959 (-48.6%), from €549,778 to €282,819
- Accrued charges and deferred income +€77,801
new in 2025: €77,801
- Gross operating margin +€41,937
up €41,937 (+35.5%), from €118,211 to €160,148
- Other operating charges +€25,589
up €25,589 (+545%), from €4,694 to €30,283
- Depreciation -€9,424
down €9,424 (-12.6%), from €74,887 to €65,463
- Taxes -€2,846
down €2,846 (-37.1%), from €7,680 to €4,834
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.
Derived cash bridge
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 | €3,915,718 | €3,739,614 | -€176,104 | -4.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,080,500 | €960,098 | -€120,401 | -11.1% |
| Tangible fixed assets | 22/27 | €1,055,403 | €935,002 | -€120,401 | -11.4% |
| Land and buildings | 22 | €1,026,522 | €922,063 | -€104,459 | -10.2% |
| Plant, machinery and equipment | 23 | €2,550 | €2,840 | +€290 | +11.4% |
| Furniture and vehicles | 24 | €26,331 | €10,099 | -€16,232 | -61.6% |
| Financial fixed assets | 28 | €25,097 | €25,097 | = | 0.0% |
| Current assets | 29/58 | €2,835,219 | €2,779,516 | -€55,703 | -2.0% |
| Amounts receivable within one year | 40/41 | €187,222 | €38,368 | -€148,854 | -79.5% |
| Trade receivables | 40 | €14,349 | €18,150 | +€3,801 | +26.5% |
| Other amounts receivable | 41 | €172,872 | €20,218 | -€152,654 | -88.3% |
| Current investments | 50/53 | €1,864,110 | €1,922,610 | +€58,500 | +3.1% |
| Cash at bank and in hand | 54/58 | €631,459 | €722,243 | +€90,785 | +14.4% |
| Deferred charges and accrued income | 490/1 | €152,428 | €96,295 | -€56,133 | -36.8% |
| Total equity and liabilities | 10/49 | €3,915,718 | €3,739,614 | -€176,104 | -4.5% |
| Equity | 10/15 | €3,330,010 | €3,332,457 | +€2,447 | +0.1% |
| Contributions | 10/11 | €37,142 | €37,142 | = | 0.0% |
| Reserves | 13 | €3,295,658 | €3,295,315 | -€343 | 0.0% |
| Distributable reserves | 133 | €3,295,658 | €3,295,315 | -€343 | 0.0% |
| Profit (loss) carried forward | 14 | -€2,790 | - | +€2,790 | |
| Amounts payable | 17/49 | €585,708 | €407,157 | -€178,552 | -30.5% |
| Amounts payable after more than one year | 17 | €5,698 | €5,698 | = | 0.0% |
| Other amounts payable | 178/9 | €5,698 | €5,698 | = | 0.0% |
| Amounts payable within one year | 42/48 | €580,011 | €323,658 | -€256,352 | -44.2% |
| Trade debts | 44 | €3,941 | €6,699 | +€2,757 | +70.0% |
| Suppliers | 440/4 | €3,941 | €6,699 | +€2,757 | +70.0% |
| Taxes, remuneration and social security | 45 | €26,292 | €34,141 | +€7,849 | +29.9% |
| Taxes | 450/3 | €26,292 | €34,141 | +€7,849 | +29.9% |
| Other amounts payable | 47/48 | €549,778 | €282,819 | -€266,959 | -48.6% |
| Accrued charges and deferred income | 492/3 | - | €77,801 | +€77,801 | |
| Non-recurring operating income | 76A | €4,859 | - | -€4,859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,887 | €65,463 | -€9,424 | -12.6% |
| Other operating charges | 640/8 | €4,694 | €30,283 | +€25,589 | +545% |
| Non-recurring operating charges | 66A | - | €56,537 | +€56,537 | |
| Gross operating margin | 9900 | €118,211 | €160,148 | +€41,937 | +35.5% |
| Operating profit (loss) | 9901 | €38,629 | €7,865 | -€30,764 | -79.6% |
| Financial income | 75/76B | €1,019 | €775 | -€244 | -23.9% |
| Recurring financial income | 75 | €1,019 | €775 | -€244 | -23.9% |
| Financial charges | 65/66B | €617 | €1,359 | +€742 | +120% |
| Recurring financial charges | 65 | €617 | €1,359 | +€742 | +120% |
| Profit (loss) for the period before taxes | 9903 | €39,032 | €7,281 | -€31,750 | -81.3% |
| Income taxes | 67/77 | €7,680 | €4,834 | -€2,846 | -37.1% |
| Profit (loss) for the period | 9904 | €31,351 | €2,447 | -€28,904 | -92.2% |
| Transfer from tax-exempt reserves | 789 | €873,224 | - | -€873,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €904,575 | €2,447 | -€902,128 | -99.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.