LDV COURIER: 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 COURIER
Largest movements
- Cash -€5,643
down €5,643 (-11.4%), from €49,306 to €43,664
mainly Net result for the year (-€6,535) and Trade debts (-€225)
- Reserves -€6,535
down €6,535 (-11.0%), from €59,171 to €52,636
of which Distributable reserves: -€4,676
- Other operating charges +€995
up €995 (+39.0%), from €2,547 to €3,542
- Gross operating margin -€458
down €458 (-21.3%), from -€2,155 to -€2,614
- Depreciation +€62
up €62 (+22.1%), from €278 to €340
- Financial income -€35
down €35 (-9.7%), from €358 to €323
- Financial charges +€30
up €30 (+125.0%), from €24 to €54
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 | €66,679 | €60,463 | -€6,217 | -9.3% |
| Fixed assets | 21/28 | €15,668 | €15,328 | -€340 | -2.2% |
| Tangible fixed assets | 22/27 | €15,370 | €15,030 | -€340 | -2.2% |
| Land and buildings | 22 | €14,848 | €14,738 | -€110 | -0.7% |
| Plant, machinery and equipment | 23 | €522 | €292 | -€230 | -44.1% |
| Financial fixed assets | 28 | €298 | €298 | = | 0.0% |
| Current assets | 29/58 | €51,012 | €45,135 | -€5,877 | -11.5% |
| Amounts receivable within one year | 40/41 | €1,705 | €1,472 | -€234 | -13.7% |
| Trade receivables | 40 | €97 | €0 | -€97 | -100.0% |
| Other amounts receivable | 41 | €1,609 | €1,472 | -€137 | -8.5% |
| Cash at bank and in hand | 54/58 | €49,306 | €43,664 | -€5,643 | -11.4% |
| Total equity and liabilities | 10/49 | €66,679 | €60,463 | -€6,217 | -9.3% |
| Equity | 10/15 | €65,371 | €58,836 | -€6,535 | -10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,171 | €52,636 | -€6,535 | -11.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €57,312 | €52,636 | -€4,676 | -8.2% |
| Amounts payable | 17/49 | €1,308 | €1,627 | +€319 | +24.4% |
| Amounts payable within one year | 42/48 | €1,308 | €1,627 | +€319 | +24.4% |
| Trade debts | 44 | €523 | €298 | -€225 | -43.0% |
| Suppliers | 440/4 | €523 | €298 | -€225 | -43.0% |
| Taxes, remuneration and social security | 45 | €785 | €1,328 | +€544 | +69.3% |
| Taxes | 450/3 | €785 | €1,328 | +€544 | +69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278 | €340 | +€62 | +22.1% |
| Other operating charges | 640/8 | €2,547 | €3,542 | +€995 | +39.0% |
| Gross operating margin | 9900 | -€2,155 | -€2,614 | -€458 | -21.3% |
| Operating profit (loss) | 9901 | -€4,981 | -€6,496 | -€1,514 | -30.4% |
| Financial income | 75/76B | €358 | €323 | -€35 | -9.7% |
| Recurring financial income | 75 | €358 | €323 | -€35 | -9.7% |
| Financial charges | 65/66B | €24 | €54 | +€30 | +125.0% |
| Recurring financial charges | 65 | €24 | €54 | +€30 | +125.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,647 | -€6,227 | -€1,579 | -34.0% |
| Income taxes | 67/77 | €296 | €308 | +€12 | +4.2% |
| Profit (loss) for the period | 9904 | -€4,943 | -€6,535 | -€1,592 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,943 | -€6,535 | -€1,592 | -32.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.