LDV GROUPE: 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 GROUPE
Largest movements
- Receivables within one year +€64,677
up €64,677 (+6,267%), from €1,032 to €65,709
- Cash +€16,444
up €16,444 (+71.9%), from €22,880 to €39,324
mainly Advances received (+€37,276) and Tax, wage and social debts (+€33,036)
- Intangible fixed assets +€11,602
up €11,602 (+151%), from €7,663 to €19,265
- Tangible fixed assets +€3,118
up €3,118 (+72.2%), from €4,319 to €7,437
of which Furniture and vehicles: +€4,098
- Advances received +€37,276
new in 2025: €37,276
- Tax, wage and social debts +€33,036
up €33,036 (+143%), from €23,031 to €56,066
of which Taxes: +€31,518
- Profit (loss) carried forward -€15,880
down €15,880 (-342%), from -€4,642 to -€20,522
- Trade debts +€15,530
up €15,530 (+172%), from €9,013 to €24,544
- Debts after one year +€14,092
new in 2025: €14,092
- Staff costs +€116,751
up €116,751 (+156%), from €75,071 to €191,822
- Gross operating margin +€111,940
up €111,940 (+157%), from €71,479 to €183,419
- Other operating charges +€2,753
new in 2025: €2,753
- Depreciation +€2,588
up €2,588 (+282%), from €918 to €3,506
- Financial charges +€2,037
up €2,037 (+1,543%), from €132 to €2,169
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 | €35,894 | €132,059 | +€96,165 | +268% |
| Fixed assets | 21/28 | €11,982 | €26,702 | +€14,720 | +123% |
| Intangible fixed assets | 21 | €7,663 | €19,265 | +€11,602 | +151% |
| Tangible fixed assets | 22/27 | €4,319 | €7,437 | +€3,118 | +72.2% |
| Plant, machinery and equipment | 23 | €4,319 | €3,339 | -€980 | -22.7% |
| Furniture and vehicles | 24 | - | €4,098 | +€4,098 | |
| Current assets | 29/58 | €23,912 | €105,357 | +€81,446 | +341% |
| Amounts receivable within one year | 40/41 | €1,032 | €65,709 | +€64,677 | +6,267% |
| Trade receivables | 40 | €1,032 | €65,709 | +€64,677 | +6,267% |
| Cash at bank and in hand | 54/58 | €22,880 | €39,324 | +€16,444 | +71.9% |
| Deferred charges and accrued income | 490/1 | - | €324 | +€324 | |
| Total equity and liabilities | 10/49 | €35,894 | €132,059 | +€96,165 | +268% |
| Equity | 10/15 | -€4,542 | -€20,422 | -€15,880 | -350% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,642 | -€20,522 | -€15,880 | -342% |
| Amounts payable | 17/49 | €40,436 | €152,482 | +€112,046 | +277% |
| Amounts payable after more than one year | 17 | - | €14,092 | +€14,092 | |
| Financial debts | 170/4 | - | €14,092 | +€14,092 | |
| Amounts payable within one year | 42/48 | €40,436 | €138,385 | +€97,949 | +242% |
| Current portion of amounts payable after more than one year | 42 | - | €5,218 | +€5,218 | |
| Trade debts | 44 | €9,013 | €24,544 | +€15,530 | +172% |
| Suppliers | 440/4 | €9,013 | €24,544 | +€15,530 | +172% |
| Advances received on contracts in progress | 46 | - | €37,276 | +€37,276 | |
| Taxes, remuneration and social security | 45 | €23,031 | €56,066 | +€33,036 | +143% |
| Taxes | 450/3 | €16,205 | €47,723 | +€31,518 | +194% |
| Remuneration and social security | 454/9 | €6,826 | €8,343 | +€1,518 | +22.2% |
| Other amounts payable | 47/48 | €8,392 | €15,280 | +€6,888 | +82.1% |
| Accrued charges and deferred income | 492/3 | - | €5 | +€5 | |
| Remuneration, social security and pensions | 62 | €75,071 | €191,822 | +€116,751 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €918 | €3,506 | +€2,588 | +282% |
| Other operating charges | 640/8 | - | €2,753 | +€2,753 | |
| Gross operating margin | 9900 | €71,479 | €183,419 | +€111,940 | +157% |
| Operating profit (loss) | 9901 | -€4,510 | -€14,663 | -€10,153 | -225% |
| Financial income | 75/76B | - | €952 | +€952 | |
| Recurring financial income | 75 | - | €952 | +€952 | |
| Financial charges | 65/66B | €132 | €2,169 | +€2,037 | +1,543% |
| Recurring financial charges | 65 | €132 | €2,169 | +€2,037 | +1,543% |
| Profit (loss) for the period before taxes | 9903 | -€4,642 | -€15,880 | -€11,239 | -242% |
| Profit (loss) for the period | 9904 | -€4,642 | -€15,880 | -€11,239 | -242% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,642 | -€15,880 | -€11,239 | -242% |
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 19 October 2026 via checked.be.