LDW Farma: 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 Farma
Largest movements
- Tangible fixed assets -€9,817
down €9,817 (-18.3%), from €53,705 to €43,888
of which Furniture and vehicles: -€12,072
- Receivables within one year +€6,575
up €6,575 (+65.2%), from €10,080 to €16,655
- Cash -€3,182
down €3,182 (-22.5%), from €14,114 to €10,932
mainly Current portion of long-term debt (-€17,145) and Debts after one year (-€15,219)
- Reserves +€27,165
up €27,165 (+261.5%), from €10,388 to €37,553
- Current portion of long-term debt -€17,145
down €17,145 (-53.0%), from €32,364 to €15,219
- Debts after one year -€15,219
down €15,219 (-69.1%), from €22,024 to €6,805
- Trade debts -€3,130
down €3,130 (-88.3%), from €3,543 to €414
- Tax, wage and social debts +€2,868
up €2,868 (+38.0%), from €7,545 to €10,413
of which Taxes: +€2,868
- Gross operating margin +€24,146
up €24,146 (+105.1%), from €22,984 to €47,129
- Taxes +€4,410
up €4,410 (+145.4%), from €3,033 to €7,443
- Depreciation +€2,661
up €2,661 (+30.2%), from €8,807 to €11,468
- Financial charges +€488
up €488 (+86.2%), from €566 to €1,054
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 | €77,899 | €71,475 | -€6,424 | -8.2% |
| Fixed assets | 21/28 | €53,705 | €43,888 | -€9,817 | -18.3% |
| Tangible fixed assets | 22/27 | €53,705 | €43,888 | -€9,817 | -18.3% |
| Plant, machinery and equipment | 23 | - | €2,746 | +€2,746 | |
| Furniture and vehicles | 24 | €51,496 | €39,424 | -€12,072 | -23.4% |
| Other tangible fixed assets | 26 | €2,209 | €1,718 | -€491 | -22.2% |
| Current assets | 29/58 | €24,194 | €27,587 | +€3,393 | +14.0% |
| Amounts receivable within one year | 40/41 | €10,080 | €16,655 | +€6,575 | +65.2% |
| Trade receivables | 40 | €10,080 | €16,655 | +€6,575 | +65.2% |
| Cash at bank and in hand | 54/58 | €14,114 | €10,932 | -€3,182 | -22.5% |
| Total equity and liabilities | 10/49 | €77,899 | €71,475 | -€6,424 | -8.2% |
| Equity | 10/15 | €11,388 | €38,553 | +€27,165 | +238.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,388 | €37,553 | +€27,165 | +261.5% |
| Distributable reserves | 133 | €10,388 | €37,553 | +€27,165 | +261.5% |
| Amounts payable | 17/49 | €66,511 | €32,922 | -€33,588 | -50.5% |
| Amounts payable after more than one year | 17 | €22,024 | €6,805 | -€15,219 | -69.1% |
| Financial debts | 170/4 | €22,024 | €6,805 | -€15,219 | -69.1% |
| Amounts payable within one year | 42/48 | €44,486 | €26,117 | -€18,369 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €32,364 | €15,219 | -€17,145 | -53.0% |
| Trade debts | 44 | €3,543 | €414 | -€3,130 | -88.3% |
| Suppliers | 440/4 | €3,543 | €414 | -€3,130 | -88.3% |
| Taxes, remuneration and social security | 45 | €7,545 | €10,413 | +€2,868 | +38.0% |
| Taxes | 450/3 | €5,223 | €8,091 | +€2,868 | +54.9% |
| Remuneration and social security | 454/9 | €2,322 | €2,322 | = | 0.0% |
| Other amounts payable | 47/48 | €1,034 | €71 | -€963 | -93.1% |
| Non-recurring operating income | 76A | - | €696 | +€696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,807 | €11,468 | +€2,661 | +30.2% |
| Other operating charges | 640/8 | €189 | - | -€189 | |
| Gross operating margin | 9900 | €22,984 | €47,129 | +€24,146 | +105.1% |
| Operating profit (loss) | 9901 | €13,987 | €35,661 | +€21,674 | +155.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €566 | €1,054 | +€488 | +86.2% |
| Recurring financial charges | 65 | €566 | €1,054 | +€488 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €13,421 | €34,608 | +€21,187 | +157.9% |
| Income taxes | 67/77 | €3,033 | €7,443 | +€4,410 | +145.4% |
| Profit (loss) for the period | 9904 | €10,388 | €27,165 | +€16,777 | +161.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,388 | €27,165 | +€16,777 | +161.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.