LDVB MANAGEMENT: 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.
LDVB MANAGEMENT
Largest movements
- Tangible fixed assets -€5,789
down €5,789 (-27.7%), from €20,874 to €15,084
- Debts after one year -€20,842
down €20,842 (-6.0%), from €347,499 to €326,657
of which Other amounts payable: -€15,000
- Profit (loss) carried forward +€12,365
up €12,365 (+45.2%), from €27,330 to €39,695
- Other debts +€4,530
up €4,530 (+15.6%), from €29,000 to €33,530
- Gross operating margin -€2,313
down €2,313 (-8.2%), from €28,139 to €25,826
- Taxes -€449
down €449 (-6.7%), from €6,655 to €6,207
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 | €426,885 | €422,162 | -€4,723 | -1.1% |
| Fixed assets | 21/28 | €395,874 | €390,084 | -€5,789 | -1.5% |
| Tangible fixed assets | 22/27 | €20,874 | €15,084 | -€5,789 | -27.7% |
| Furniture and vehicles | 24 | €20,874 | €15,084 | -€5,789 | -27.7% |
| Financial fixed assets | 28 | €375,000 | €375,000 | = | 0.0% |
| Current assets | 29/58 | €31,012 | €32,078 | +€1,066 | +3.4% |
| Amounts receivable within one year | 40/41 | €25,410 | €25,410 | = | 0.0% |
| Trade receivables | 40 | €25,410 | €25,410 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,602 | €6,668 | +€1,066 | +19.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €426,885 | €422,162 | -€4,723 | -1.1% |
| Equity | 10/15 | €32,330 | €44,695 | +€12,365 | +38.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,330 | €39,695 | +€12,365 | +45.2% |
| Amounts payable | 17/49 | €394,555 | €377,467 | -€17,088 | -4.3% |
| Amounts payable after more than one year | 17 | €347,499 | €326,657 | -€20,842 | -6.0% |
| Financial debts | 170/4 | €16,249 | €10,407 | -€5,842 | -36.0% |
| Other amounts payable | 178/9 | €331,250 | €316,250 | -€15,000 | -4.5% |
| Amounts payable within one year | 42/48 | €47,056 | €50,810 | +€3,754 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €5,558 | €5,842 | +€284 | +5.1% |
| Trade debts | 44 | €488 | €201 | -€287 | -58.8% |
| Suppliers | 440/4 | €488 | €201 | -€287 | -58.8% |
| Taxes, remuneration and social security | 45 | €12,011 | €11,238 | -€773 | -6.4% |
| Taxes | 450/3 | €12,011 | €11,238 | -€773 | -6.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €29,000 | €33,530 | +€4,530 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,789 | €5,789 | = | 0.0% |
| Other operating charges | 640/8 | €430 | €389 | -€41 | -9.6% |
| Gross operating margin | 9900 | €28,139 | €25,826 | -€2,313 | -8.2% |
| Operating profit (loss) | 9901 | €21,919 | €19,648 | -€2,271 | -10.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,308 | €1,076 | -€232 | -17.7% |
| Recurring financial charges | 65 | €1,308 | €1,076 | -€232 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €20,611 | €18,572 | -€2,039 | -9.9% |
| Income taxes | 67/77 | €6,655 | €6,207 | -€449 | -6.7% |
| Profit (loss) for the period | 9904 | €13,955 | €12,365 | -€1,591 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,955 | €12,365 | -€1,591 | -11.4% |
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.