LDV en zoon: 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.
LDV en zoon
Largest movements
- Tangible fixed assets -€38,267
down €38,267 (-81.9%), from €46,737 to €8,470
of which Furniture and vehicles: -€31,649
- Receivables within one year -€11,697
down €11,697 (-34.4%), from €33,972 to €22,275
of which Trade receivables: -€11,845
- Cash +€10,729
up €10,729 (+9.9%), from €107,913 to €118,642
mainly Depreciation (+€20,874) and Investment in fixed assets (net) (+€17,392)
- Other debts -€19,786
down €19,786 (-77.0%), from €25,681 to €5,896
- Tax, wage and social debts -€15,021
down €15,021 (-82.1%), from €18,297 to €3,276
of which Taxes: -€12,648
- Current portion of long-term debt -€3,898
down €3,898 (-56.9%), from €6,855 to €2,957
- Debts after one year -€2,957
no longer reported in 2025 (was €2,957)
- Reserves +€2,702
up €2,702 (+2.5%), from €109,679 to €112,380
- Gross operating margin -€45,716
down €45,716 (-51.4%), from €88,931 to €43,215
- Taxes -€10,163
down €10,163 (-78.9%), from €12,878 to €2,715
- Depreciation -€4,202
down €4,202 (-16.8%), from €25,076 to €20,874
- Staff costs -€2,623
down €2,623 (-15.3%), from €17,093 to €14,470
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 | €191,758 | €151,970 | -€39,787 | -20.7% |
| Fixed assets | 21/28 | €46,737 | €8,470 | -€38,267 | -81.9% |
| Tangible fixed assets | 22/27 | €46,737 | €8,470 | -€38,267 | -81.9% |
| Plant, machinery and equipment | 23 | €11,256 | €4,639 | -€6,617 | -58.8% |
| Furniture and vehicles | 24 | €35,481 | €3,831 | -€31,649 | -89.2% |
| Current assets | 29/58 | €145,021 | €143,500 | -€1,521 | -1.0% |
| Amounts receivable within one year | 40/41 | €33,972 | €22,275 | -€11,697 | -34.4% |
| Trade receivables | 40 | €26,835 | €14,990 | -€11,845 | -44.1% |
| Other amounts receivable | 41 | €7,136 | €7,285 | +€148 | +2.1% |
| Cash at bank and in hand | 54/58 | €107,913 | €118,642 | +€10,729 | +9.9% |
| Deferred charges and accrued income | 490/1 | €3,136 | €2,583 | -€553 | -17.6% |
| Total equity and liabilities | 10/49 | €191,758 | €151,970 | -€39,787 | -20.7% |
| Equity | 10/15 | €129,679 | €132,380 | +€2,702 | +2.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €109,679 | €112,380 | +€2,702 | +2.5% |
| Distributable reserves | 133 | €109,679 | €112,380 | +€2,702 | +2.5% |
| Amounts payable | 17/49 | €62,079 | €19,590 | -€42,489 | -68.4% |
| Amounts payable after more than one year | 17 | €2,957 | - | -€2,957 | |
| Financial debts | 170/4 | €2,957 | - | -€2,957 | |
| Amounts payable within one year | 42/48 | €59,122 | €19,590 | -€39,532 | -66.9% |
| Current portion of amounts payable after more than one year | 42 | €6,855 | €2,957 | -€3,898 | -56.9% |
| Financial debts | 43 | €5,114 | €3,372 | -€1,741 | -34.1% |
| Other loans | 439 | €5,114 | €3,372 | -€1,741 | -34.1% |
| Trade debts | 44 | €3,175 | €4,089 | +€914 | +28.8% |
| Suppliers | 440/4 | €3,175 | €4,089 | +€914 | +28.8% |
| Taxes, remuneration and social security | 45 | €18,297 | €3,276 | -€15,021 | -82.1% |
| Taxes | 450/3 | €13,519 | €871 | -€12,648 | -93.6% |
| Remuneration and social security | 454/9 | €4,778 | €2,405 | -€2,373 | -49.7% |
| Other amounts payable | 47/48 | €25,681 | €5,896 | -€19,786 | -77.0% |
| Remuneration, social security and pensions | 62 | €17,093 | €14,470 | -€2,623 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,076 | €20,874 | -€4,202 | -16.8% |
| Other operating charges | 640/8 | €1,813 | €1,702 | -€111 | -6.1% |
| Non-recurring operating charges | 66A | - | €201 | +€201 | |
| Gross operating margin | 9900 | €88,931 | €43,215 | -€45,716 | -51.4% |
| Operating profit (loss) | 9901 | €44,949 | €5,968 | -€38,981 | -86.7% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €1,286 | €584 | -€703 | -54.6% |
| Recurring financial charges | 65 | €1,286 | €584 | -€703 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €43,663 | €5,417 | -€38,246 | -87.6% |
| Income taxes | 67/77 | €12,878 | €2,715 | -€10,163 | -78.9% |
| Profit (loss) for the period | 9904 | €30,785 | €2,702 | -€28,083 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,785 | €2,702 | -€28,083 | -91.2% |
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 28 October 2026 via checked.be.