LDW Consult: 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.
LDW Consult
Largest movements
- Cash +€14,669
up €14,669 (+53.9%), from €27,239 to €41,908
mainly Depreciation (+€14,406) and Receivables within one year (+€9,382)
- Tangible fixed assets -€11,506
down €11,506 (-20.4%), from €56,281 to €44,775
of which Furniture and vehicles: -€9,577
- Receivables within one year -€9,382
down €9,382 (-38.3%), from €24,523 to €15,141
of which Other amounts receivable: -€9,500
- Stocks and contracts -€4,416
down €4,416 (-68.6%), from €6,441 to €2,025
- Reserves -€19,000
down €19,000 (-10.6%), from €179,355 to €160,355
of which Distributable reserves: -€19,000
- Other debts +€9,318
up €9,318 (+44.3%), from €21,057 to €30,375
- Other operating charges -€6,259
down €6,259 (-75.2%), from €8,319 to €2,060
- Gross operating margin -€2,235
down €2,235 (-7.0%), from €31,951 to €29,716
- Taxes +€2,205
up €2,205 (+52.2%), from €4,221 to €6,426
- Depreciation +€734
up €734 (+5.4%), from €13,673 to €14,406
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 | €243,552 | €232,618 | -€10,934 | -4.5% |
| Fixed assets | 21/28 | €56,281 | €44,775 | -€11,506 | -20.4% |
| Tangible fixed assets | 22/27 | €56,281 | €44,775 | -€11,506 | -20.4% |
| Plant, machinery and equipment | 23 | €4,780 | €3,516 | -€1,264 | -26.4% |
| Furniture and vehicles | 24 | €47,915 | €38,338 | -€9,577 | -20.0% |
| Other tangible fixed assets | 26 | €3,586 | €2,920 | -€665 | -18.6% |
| Current assets | 29/58 | €187,271 | €187,844 | +€573 | +0.3% |
| Stocks and contracts in progress | 3 | €6,441 | €2,025 | -€4,416 | -68.6% |
| Stocks | 30/36 | €6,441 | €2,025 | -€4,416 | -68.6% |
| Amounts receivable within one year | 40/41 | €24,523 | €15,141 | -€9,382 | -38.3% |
| Trade receivables | 40 | €14,744 | €14,862 | +€118 | +0.8% |
| Other amounts receivable | 41 | €9,779 | €279 | -€9,500 | -97.2% |
| Current investments | 50/53 | €127,645 | €127,645 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,239 | €41,908 | +€14,669 | +53.9% |
| Deferred charges and accrued income | 490/1 | €1,423 | €1,125 | -€298 | -20.9% |
| Total equity and liabilities | 10/49 | €243,552 | €232,618 | -€10,934 | -4.5% |
| Equity | 10/15 | €206,204 | €187,218 | -€18,987 | -9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €179,355 | €160,355 | -€19,000 | -10.6% |
| Tax-exempt reserves | 132 | €11,495 | €11,495 | = | 0.0% |
| Distributable reserves | 133 | €167,860 | €148,860 | -€19,000 | -11.3% |
| Profit (loss) carried forward | 14 | €20,650 | €20,663 | +€13 | +0.1% |
| Amounts payable | 17/49 | €37,348 | €45,400 | +€8,053 | +21.6% |
| Amounts payable within one year | 42/48 | €37,348 | €45,400 | +€8,053 | +21.6% |
| Trade debts | 44 | €191 | €157 | -€34 | -17.9% |
| Suppliers | 440/4 | €191 | €157 | -€34 | -17.9% |
| Taxes, remuneration and social security | 45 | €16,099 | €14,868 | -€1,231 | -7.6% |
| Taxes | 450/3 | €16,099 | €14,868 | -€1,231 | -7.6% |
| Other amounts payable | 47/48 | €21,057 | €30,375 | +€9,318 | +44.3% |
| Remuneration, social security and pensions | 62 | €148 | €276 | +€128 | +86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,673 | €14,406 | +€734 | +5.4% |
| Other operating charges | 640/8 | €8,319 | €2,060 | -€6,259 | -75.2% |
| Gross operating margin | 9900 | €31,951 | €29,716 | -€2,235 | -7.0% |
| Operating profit (loss) | 9901 | €9,811 | €12,973 | +€3,162 | +32.2% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100.0% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100.0% |
| Financial charges | 65/66B | €319 | €534 | +€214 | +67.1% |
| Recurring financial charges | 65 | €319 | €534 | +€214 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €9,501 | €12,439 | +€2,939 | +30.9% |
| Income taxes | 67/77 | €4,221 | €6,426 | +€2,205 | +52.2% |
| Profit (loss) for the period | 9904 | €5,279 | €6,013 | +€734 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,279 | €6,013 | +€734 | +13.9% |
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 7 October 2026 via checked.be.