LDV Services: 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 Services
Largest movements
- Deferred charges and accrued income +€60,000
new in 2025: €60,000
- Receivables within one year -€39,471
down €39,471 (-25.1%), from €157,350 to €117,878
of which Trade receivables: -€69,256
- Tangible fixed assets -€18,700
down €18,700 (-5.1%), from €369,100 to €350,400
of which Land and buildings: -€18,700
- Other debts +€24,000
up €24,000 (+26.4%), from €91,000 to €115,000
- Trade debts -€22,522
down €22,522 (-50.0%), from €45,012 to €22,490
- Current portion of long-term debt +€13,702
new in 2025: €13,702
- Debts after one year -€13,217
down €13,217 (-5.2%), from €256,099 to €242,882
- Short-term financial debts -€11,180
down €11,180 (-87.3%), from €12,809 to €1,629
- Gross operating margin -€10,226
down €10,226 (-9.1%), from €112,643 to €102,418
- Taxes -€8,222
no longer reported in 2025 (was €8,222)
- Financial charges -€1,392
down €1,392 (-6.2%), from €22,288 to €20,896
- Other operating charges -€1,159
down €1,159 (-32.4%), from €3,573 to €2,415
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 | €526,485 | €528,842 | +€2,357 | +0.4% |
| Fixed assets | 21/28 | €369,100 | €350,400 | -€18,700 | -5.1% |
| Tangible fixed assets | 22/27 | €369,100 | €350,400 | -€18,700 | -5.1% |
| Land and buildings | 22 | €369,100 | €350,400 | -€18,700 | -5.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €157,385 | €178,442 | +€21,057 | +13.4% |
| Amounts receivable within one year | 40/41 | €157,350 | €117,878 | -€39,471 | -25.1% |
| Trade receivables | 40 | €91,505 | €22,249 | -€69,256 | -75.7% |
| Other amounts receivable | 41 | €65,844 | €95,629 | +€29,785 | +45.2% |
| Cash at bank and in hand | 54/58 | €35 | €564 | +€529 | +1495.5% |
| Deferred charges and accrued income | 490/1 | - | €60,000 | +€60,000 | |
| Total equity and liabilities | 10/49 | €526,485 | €528,842 | +€2,357 | +0.4% |
| Equity | 10/15 | €105,442 | €125,849 | +€20,407 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,547 | €27,547 | +€10,000 | +57.0% |
| Non-distributable reserves | 130/1 | - | €21,860 | +€21,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | €17,547 | €5,687 | -€11,860 | -67.6% |
| Profit (loss) carried forward | 14 | €69,294 | €79,701 | +€10,407 | +15.0% |
| Amounts payable | 17/49 | €421,043 | €402,994 | -€18,050 | -4.3% |
| Amounts payable after more than one year | 17 | €256,099 | €242,882 | -€13,217 | -5.2% |
| Financial debts | 170/4 | €256,099 | €242,882 | -€13,217 | -5.2% |
| Amounts payable within one year | 42/48 | €164,945 | €160,112 | -€4,833 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,702 | +€13,702 | |
| Financial debts | 43 | €12,809 | €1,629 | -€11,180 | -87.3% |
| Credit institutions | 430/8 | €12,809 | €1,629 | -€11,180 | -87.3% |
| Trade debts | 44 | €45,012 | €22,490 | -€22,522 | -50.0% |
| Suppliers | 440/4 | €45,012 | €22,490 | -€22,522 | -50.0% |
| Taxes, remuneration and social security | 45 | €16,124 | €7,292 | -€8,832 | -54.8% |
| Taxes | 450/3 | €16,124 | €7,292 | -€8,832 | -54.8% |
| Other amounts payable | 47/48 | €91,000 | €115,000 | +€24,000 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,700 | €18,700 | = | 0.0% |
| Other operating charges | 640/8 | €3,573 | €2,415 | -€1,159 | -32.4% |
| Gross operating margin | 9900 | €112,643 | €102,418 | -€10,226 | -9.1% |
| Operating profit (loss) | 9901 | €90,370 | €81,303 | -€9,067 | -10.0% |
| Financial charges | 65/66B | €22,288 | €20,896 | -€1,392 | -6.2% |
| Recurring financial charges | 65 | €22,288 | €20,896 | -€1,392 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €68,082 | €60,407 | -€7,675 | -11.3% |
| Income taxes | 67/77 | €8,222 | - | -€8,222 | |
| Profit (loss) for the period | 9904 | €59,860 | €60,407 | +€547 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,860 | €60,407 | +€547 | +0.9% |
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 5 October 2026 via checked.be.