LDU Belux: 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.
LDU Belux
Largest movements
- Cash -€1.1m
no longer reported in 2025 (was €1.1m)
mainly Other debts (-€1.7m) and Net result for the year (-€219,219)
- Receivables within one year -€992,224
down €992,224 (-24.5%), from €4.0m to €3.1m
of which Other amounts receivable: -€1.2m
- Other debts -€1.7m
down €1.7m (-86.0%), from €2.0m to €279,436
- Reserves -€219,219
down €219,219 (-17.3%), from €1.3m to €1.1m
of which Distributable reserves: -€219,219
- Tax, wage and social debts -€210,471
down €210,471 (-26.8%), from €786,622 to €576,151
of which Taxes: -€128,323
- Accrued charges and deferred income +€69,673
up €69,673 (+113%), from €61,681 to €131,354
- Gross operating margin -€2.1m
down €2.1m (-40.1%), from €5.2m to €3.1m
- Taxes -€474,289
down €474,289 (-90.1%), from €526,489 to €52,200
- Staff costs -€143,410
down €143,410 (-4.4%), from €3.3m to €3.1m
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 | €5,182,647 | €3,066,099 | -€2.1m | -40.8% |
| Fixed assets | 21/28 | €9,390 | €8,856 | -€534 | -5.7% |
| Tangible fixed assets | 22/27 | €2,490 | €1,956 | -€534 | -21.4% |
| Furniture and vehicles | 24 | €2,490 | €1,956 | -€534 | -21.4% |
| Financial fixed assets | 28 | €6,900 | €6,900 | = | 0.0% |
| Current assets | 29/58 | €5,173,257 | €3,057,243 | -€2.1m | -40.9% |
| Amounts receivable within one year | 40/41 | €4,044,465 | €3,052,242 | -€992,224 | -24.5% |
| Trade receivables | 40 | €2,750,759 | €2,951,493 | +€200,734 | +7.3% |
| Other amounts receivable | 41 | €1,293,706 | €100,749 | -€1.2m | -92.2% |
| Cash at bank and in hand | 54/58 | €1,118,370 | - | -€1.1m | |
| Deferred charges and accrued income | 490/1 | €10,421 | €5,001 | -€5,420 | -52.0% |
| Total equity and liabilities | 10/49 | €5,182,647 | €3,066,099 | -€2.1m | -40.8% |
| Equity | 10/15 | €1,289,280 | €1,070,061 | -€219,219 | -17.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,269,280 | €1,050,061 | -€219,219 | -17.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,267,280 | €1,048,061 | -€219,219 | -17.3% |
| Provisions and deferred taxes | 16 | €13,000 | €13,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,000 | €13,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,880,367 | €1,983,039 | -€1.9m | -48.9% |
| Amounts payable within one year | 42/48 | €3,818,686 | €1,851,684 | -€2.0m | -51.5% |
| Trade debts | 44 | €1,035,013 | €996,098 | -€38,916 | -3.8% |
| Suppliers | 440/4 | €1,035,013 | €996,098 | -€38,916 | -3.8% |
| Taxes, remuneration and social security | 45 | €786,622 | €576,151 | -€210,471 | -26.8% |
| Taxes | 450/3 | €293,210 | €164,887 | -€128,323 | -43.8% |
| Remuneration and social security | 454/9 | €493,411 | €411,264 | -€82,147 | -16.6% |
| Other amounts payable | 47/48 | €1,997,051 | €279,436 | -€1.7m | -86.0% |
| Accrued charges and deferred income | 492/3 | €61,681 | €131,354 | +€69,673 | +113% |
| Non-recurring operating income | 76A | - | €366,269 | +€366,269 | |
| Remuneration, social security and pensions | 62 | €3,280,829 | €3,137,420 | -€143,410 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | €534 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,149 | -€7,443 | -€294 | -4.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,000 | - | -€13,000 | |
| Other operating charges | 640/8 | €96,561 | €128,170 | +€31,610 | +32.7% |
| Gross operating margin | 9900 | €5,198,159 | €3,111,309 | -€2.1m | -40.1% |
| Operating profit (loss) | 9901 | €1,814,384 | -€147,372 | -€2.0m | |
| Financial income | 75/76B | €24,939 | €20,053 | -€4,886 | -19.6% |
| Recurring financial income | 75 | €24,939 | €20,053 | -€4,886 | -19.6% |
| Financial charges | 65/66B | €9,810 | €39,699 | +€29,889 | +305% |
| Recurring financial charges | 65 | €9,284 | €10,087 | +€803 | +8.7% |
| Non-recurring financial charges | 66B | €526 | €29,612 | +€29,086 | +5,529% |
| Profit (loss) for the period before taxes | 9903 | €1,829,513 | -€167,018 | -€2.0m | |
| Income taxes | 67/77 | €526,489 | €52,200 | -€474,289 | -90.1% |
| Profit (loss) for the period | 9904 | €1,303,024 | -€219,219 | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,303,024 | -€219,219 | -€1.5m |
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 31 October 2026 via checked.be.