LDW-Elektro: 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.
LDW-Elektro
Largest movements
- Cash +€39,741
up €39,741 (+148%), from €26,784 to €66,526
mainly Depreciation (+€15,914) and Net result for the year (+€13,767)
- Tangible fixed assets -€14,669
down €14,669 (-46.7%), from €31,442 to €16,774
of which Furniture and vehicles: -€15,026
- Receivables within one year -€3,792
down €3,792 (-9.9%), from €38,202 to €34,410
of which Other amounts receivable: -€7,772
- Deferred charges and accrued income +€2,540
up €2,540 (+9,674%), from €26 to €2,567
- Profit (loss) carried forward +€13,767
up €13,767 (+27.0%), from €51,005 to €64,772
- Trade debts +€11,276
up €11,276 (+84.0%), from €13,429 to €24,705
- Other debts -€4,307
down €4,307 (-77.1%), from €5,586 to €1,279
- Accrued charges and deferred income +€2,000
new in 2025: €2,000
- Tax, wage and social debts +€1,583
up €1,583 (+9.2%), from €17,170 to €18,752
- Gross operating margin -€50,074
down €50,074 (-59.7%), from €83,922 to €33,848
- Taxes -€13,310
down €13,310 (-78.2%), from €17,028 to €3,719
- Financial income +€1,125
up €1,125 (+1,448%), from €78 to €1,202
- Other operating charges +€872
up €872 (+363%), from €240 to €1,112
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 | €97,190 | €121,509 | +€24,319 | +25.0% |
| Fixed assets | 21/28 | €31,443 | €16,775 | -€14,669 | -46.7% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -11.1% |
| Tangible fixed assets | 22/27 | €31,442 | €16,774 | -€14,669 | -46.7% |
| Plant, machinery and equipment | 23 | €1,400 | €1,757 | +€357 | +25.5% |
| Furniture and vehicles | 24 | €30,042 | €15,017 | -€15,026 | -50.0% |
| Current assets | 29/58 | €65,747 | €104,734 | +€38,987 | +59.3% |
| Stocks and contracts in progress | 3 | €735 | €1,232 | +€497 | +67.6% |
| Stocks | 30/36 | €735 | €1,232 | +€497 | +67.6% |
| Amounts receivable within one year | 40/41 | €38,202 | €34,410 | -€3,792 | -9.9% |
| Trade receivables | 40 | €18,294 | €22,275 | +€3,981 | +21.8% |
| Other amounts receivable | 41 | €19,907 | €12,135 | -€7,772 | -39.0% |
| Cash at bank and in hand | 54/58 | €26,784 | €66,526 | +€39,741 | +148% |
| Deferred charges and accrued income | 490/1 | €26 | €2,567 | +€2,540 | +9,674% |
| Total equity and liabilities | 10/49 | €97,190 | €121,509 | +€24,319 | +25.0% |
| Equity | 10/15 | €61,005 | €74,772 | +€13,767 | +22.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,005 | €64,772 | +€13,767 | +27.0% |
| Amounts payable | 17/49 | €36,186 | €46,737 | +€10,551 | +29.2% |
| Amounts payable within one year | 42/48 | €36,186 | €44,737 | +€8,551 | +23.6% |
| Trade debts | 44 | €13,429 | €24,705 | +€11,276 | +84.0% |
| Suppliers | 440/4 | €13,429 | €24,705 | +€11,276 | +84.0% |
| Taxes, remuneration and social security | 45 | €17,170 | €18,752 | +€1,583 | +9.2% |
| Taxes | 450/3 | €17,170 | €18,752 | +€1,583 | +9.2% |
| Other amounts payable | 47/48 | €5,586 | €1,279 | -€4,307 | -77.1% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,726 | €15,914 | +€188 | +1.2% |
| Other operating charges | 640/8 | €240 | €1,112 | +€872 | +363% |
| Gross operating margin | 9900 | €83,922 | €33,848 | -€50,074 | -59.7% |
| Operating profit (loss) | 9901 | €67,955 | €16,821 | -€51,134 | -75.2% |
| Financial income | 75/76B | €78 | €1,202 | +€1,125 | +1,448% |
| Recurring financial income | 75 | €78 | €1,202 | +€1,125 | +1,448% |
| Financial charges | 65/66B | - | €538 | +€538 | |
| Recurring financial charges | 65 | - | €538 | +€538 | |
| Profit (loss) for the period before taxes | 9903 | €68,033 | €17,486 | -€50,547 | -74.3% |
| Income taxes | 67/77 | €17,028 | €3,719 | -€13,310 | -78.2% |
| Profit (loss) for the period | 9904 | €51,005 | €13,767 | -€37,237 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,005 | €13,767 | -€37,237 | -73.0% |
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 15 October 2026 via checked.be.