LDV CONCEPT: what changed
Two fiscal 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.
LDV CONCEPT
Largest movements
- Cash +€12,572
up €12,572 (+1341.0%), from €937 to €13,509
mainly Net result for the year (+€7,701) and Tax, wage and social debts (+€2,709)
- Tangible fixed assets -€2,224
down €2,224 (-42.2%), from €5,269 to €3,045
of which Furniture and vehicles: -€1,789
- Profit (loss) carried forward +€7,701
up €7,701 (+3524.1%), from €219 to €7,920
- Tax, wage and social debts +€2,709
up €2,709 (+57.9%), from €4,677 to €7,386
of which Taxes: +€4,158
- Gross operating margin +€19,142
up €19,142, from -€7,384 to €11,758
- Taxes +€1,355
new in 2025: €1,355
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 | €26,885 | €37,108 | +€10,222 | +38.0% |
| Fixed assets | 21/28 | €5,269 | €3,045 | -€2,224 | -42.2% |
| Tangible fixed assets | 22/27 | €5,269 | €3,045 | -€2,224 | -42.2% |
| Furniture and vehicles | 24 | €4,180 | €2,392 | -€1,789 | -42.8% |
| Other tangible fixed assets | 26 | €1,088 | €653 | -€435 | -40.0% |
| Current assets | 29/58 | €21,617 | €34,063 | +€12,446 | +57.6% |
| Stocks and contracts in progress | 3 | €5,420 | €5,420 | = | 0.0% |
| Stocks | 30/36 | €5,420 | €5,420 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,259 | €15,134 | -€125 | -0.8% |
| Trade receivables | 40 | €2,759 | €2,634 | -€125 | -4.5% |
| Other amounts receivable | 41 | €12,500 | €12,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €937 | €13,509 | +€12,572 | +1341.0% |
| Total equity and liabilities | 10/49 | €26,885 | €37,108 | +€10,222 | +38.0% |
| Equity | 10/15 | €18,894 | €26,595 | +€7,701 | +40.8% |
| Contributions | 10/11 | €18,600 | €18,675 | +€75 | +0.4% |
| Reserves | 13 | €75 | - | -€75 | |
| Non-distributable reserves | 130/1 | €75 | - | -€75 | |
| Reserves not available under the articles | 1311 | €75 | - | -€75 | |
| Profit (loss) carried forward | 14 | €219 | €7,920 | +€7,701 | +3524.1% |
| Amounts payable | 17/49 | €7,992 | €10,513 | +€2,521 | +31.5% |
| Amounts payable within one year | 42/48 | €7,046 | €9,300 | +€2,254 | +32.0% |
| Trade debts | 44 | €626 | €409 | -€217 | -34.7% |
| Suppliers | 440/4 | €626 | €409 | -€217 | -34.7% |
| Taxes, remuneration and social security | 45 | €4,677 | €7,386 | +€2,709 | +57.9% |
| Taxes | 450/3 | €3,228 | €7,386 | +€4,158 | +128.8% |
| Remuneration and social security | 454/9 | €1,449 | - | -€1,449 | |
| Other amounts payable | 47/48 | €1,743 | €1,505 | -€238 | -13.6% |
| Accrued charges and deferred income | 492/3 | €946 | €1,213 | +€267 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,324 | €2,224 | -€100 | -4.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€7,384 | €11,758 | +€19,142 | |
| Operating profit (loss) | 9901 | -€10,096 | €9,134 | +€19,230 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €77 | €78 | +€2 | +2.0% |
| Recurring financial charges | 65 | €77 | €78 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,170 | €9,056 | +€19,227 | |
| Income taxes | 67/77 | - | €1,355 | +€1,355 | |
| Profit (loss) for the period | 9904 | -€10,170 | €7,701 | +€17,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,170 | €7,701 | +€17,872 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.