LDT law: 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 law
Largest movements
- Receivables within one year +€37,007
up €37,007 (+15.5%), from €238,574 to €275,581
of which Trade receivables: +€33,601
- Tangible fixed assets +€25,696
up €25,696 (+28.2%), from €91,109 to €116,805
of which Furniture and vehicles: +€25,092
- Deferred charges and accrued income +€9,168
up €9,168 (+279%), from €3,284 to €12,452
- Short-term financial debts +€59,582
new in 2025: €59,582
- Other debts -€28,820
down €28,820 (-55.0%), from €52,415 to €23,595
- Debts after one year +€26,836
up €26,836 (+127%), from €21,124 to €47,960
- Profit (loss) carried forward +€11,070
up €11,070 (+5,857%), from €189 to €11,259
- Tax, wage and social debts +€8,748
up €8,748 (+8.0%), from €109,151 to €117,899
of which Taxes: +€19,908
- Other operating charges +€5,459
up €5,459 (+147%), from €3,708 to €9,167
- Staff costs +€5,068
up €5,068 (+4.6%), from €109,209 to €114,277
- Taxes -€4,709
down €4,709 (-36.8%), from €12,801 to €8,092
- Gross operating margin -€2,215
down €2,215 (-1.2%), from €187,478 to €185,263
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 | €369,733 | €443,403 | +€73,670 | +19.9% |
| Fixed assets | 21/28 | €91,109 | €116,805 | +€25,696 | +28.2% |
| Tangible fixed assets | 22/27 | €91,109 | €116,805 | +€25,696 | +28.2% |
| Furniture and vehicles | 24 | €55,972 | €81,064 | +€25,092 | +44.8% |
| Other tangible fixed assets | 26 | €35,137 | €35,741 | +€604 | +1.7% |
| Current assets | 29/58 | €278,624 | €326,598 | +€47,974 | +17.2% |
| Amounts receivable within one year | 40/41 | €238,574 | €275,581 | +€37,007 | +15.5% |
| Trade receivables | 40 | €230,610 | €264,211 | +€33,601 | +14.6% |
| Other amounts receivable | 41 | €7,964 | €11,370 | +€3,406 | +42.8% |
| Cash at bank and in hand | 54/58 | €36,766 | €38,565 | +€1,799 | +4.9% |
| Deferred charges and accrued income | 490/1 | €3,284 | €12,452 | +€9,168 | +279% |
| Total equity and liabilities | 10/49 | €369,733 | €443,403 | +€73,670 | +19.9% |
| Equity | 10/15 | €137,773 | €148,843 | +€11,070 | +8.0% |
| Contributions | 10/11 | €36,030 | €36,030 | = | 0.0% |
| Reserves | 13 | €101,554 | €101,554 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,107 | €2,107 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,447 | €19,447 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189 | €11,259 | +€11,070 | +5,857% |
| Amounts payable | 17/49 | €231,960 | €294,560 | +€62,600 | +27.0% |
| Amounts payable after more than one year | 17 | €21,124 | €47,960 | +€26,836 | +127% |
| Financial debts | 170/4 | €21,124 | €47,960 | +€26,836 | +127% |
| Amounts payable within one year | 42/48 | €210,836 | €246,600 | +€35,764 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €16,187 | €17,653 | +€1,466 | +9.1% |
| Financial debts | 43 | - | €59,582 | +€59,582 | |
| Credit institutions | 430/8 | - | €59,582 | +€59,582 | |
| Trade debts | 44 | €33,083 | €27,871 | -€5,212 | -15.8% |
| Suppliers | 440/4 | €33,083 | €27,871 | -€5,212 | -15.8% |
| Taxes, remuneration and social security | 45 | €109,151 | €117,899 | +€8,748 | +8.0% |
| Taxes | 450/3 | €85,011 | €104,919 | +€19,908 | +23.4% |
| Remuneration and social security | 454/9 | €24,140 | €12,980 | -€11,160 | -46.2% |
| Other amounts payable | 47/48 | €52,415 | €23,595 | -€28,820 | -55.0% |
| Remuneration, social security and pensions | 62 | €109,209 | €114,277 | +€5,068 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,204 | €29,144 | +€940 | +3.3% |
| Other operating charges | 640/8 | €3,708 | €9,167 | +€5,459 | +147% |
| Gross operating margin | 9900 | €187,478 | €185,263 | -€2,215 | -1.2% |
| Operating profit (loss) | 9901 | €46,357 | €32,675 | -€13,682 | -29.5% |
| Financial charges | 65/66B | €13,274 | €13,513 | +€239 | +1.8% |
| Recurring financial charges | 65 | €13,274 | €13,513 | +€239 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €33,083 | €19,162 | -€13,921 | -42.1% |
| Income taxes | 67/77 | €12,801 | €8,092 | -€4,709 | -36.8% |
| Profit (loss) for the period | 9904 | €20,282 | €11,070 | -€9,212 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,282 | €11,070 | -€9,212 | -45.4% |
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 20 October 2026 via checked.be.