LDW RENORESTO: 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 RENORESTO
Largest movements
- Financial fixed assets -€30,134
down €30,134 (-100%), from €30,134 to €0
- Current investments +€15,307
up €15,307 (+20.8%), from €73,651 to €88,958
- Tangible fixed assets -€13,385
down €13,385 (-23.2%), from €57,713 to €44,328
of which Furniture and vehicles: -€12,785
- Cash +€6,629
up €6,629 (+12.8%), from €51,879 to €58,508
mainly Net result for the year (+€69,789) and Investment in fixed assets (net) (+€30,134)
- Receivables within one year +€2,454
up €2,454 (+10.5%), from €23,415 to €25,869
- Reserves -€15,957
down €15,957 (-11.9%), from €134,530 to €118,572
- Debts after one year -€11,004
down €11,004 (-27.9%), from €39,426 to €28,422
- Trade debts +€2,870
up €2,870 (+84.6%), from €3,391 to €6,261
- Gross operating margin +€26,102
up €26,102 (+34.6%), from €75,367 to €101,469
- Financial income +€7,548
up €7,548 (+646%), from €1,168 to €8,716
- Taxes +€5,430
up €5,430 (+30.7%), from €17,711 to €23,141
- Depreciation +€4,462
up €4,462 (+50.0%), from €8,923 to €13,385
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 | €236,792 | €217,663 | -€19,129 | -8.1% |
| Fixed assets | 21/28 | €87,847 | €44,328 | -€43,519 | -49.5% |
| Tangible fixed assets | 22/27 | €57,713 | €44,328 | -€13,385 | -23.2% |
| Plant, machinery and equipment | 23 | €2,643 | €2,044 | -€599 | -22.7% |
| Furniture and vehicles | 24 | €55,070 | €42,284 | -€12,785 | -23.2% |
| Financial fixed assets | 28 | €30,134 | €0 | -€30,134 | -100% |
| Current assets | 29/58 | €148,946 | €173,335 | +€24,390 | +16.4% |
| Amounts receivable within one year | 40/41 | €23,415 | €25,869 | +€2,454 | +10.5% |
| Trade receivables | 40 | €23,415 | €25,869 | +€2,454 | +10.5% |
| Current investments | 50/53 | €73,651 | €88,958 | +€15,307 | +20.8% |
| Cash at bank and in hand | 54/58 | €51,879 | €58,508 | +€6,629 | +12.8% |
| Total equity and liabilities | 10/49 | €236,792 | €217,663 | -€19,129 | -8.1% |
| Equity | 10/15 | €139,530 | €123,572 | -€15,957 | -11.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €134,530 | €118,572 | -€15,957 | -11.9% |
| Distributable reserves | 133 | €134,530 | €118,572 | -€15,957 | -11.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €97,263 | €94,091 | -€3,172 | -3.3% |
| Amounts payable after more than one year | 17 | €39,426 | €28,422 | -€11,004 | -27.9% |
| Financial debts | 170/4 | €39,426 | €28,422 | -€11,004 | -27.9% |
| Amounts payable within one year | 42/48 | €57,837 | €65,670 | +€7,833 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €10,586 | €11,902 | +€1,316 | +12.4% |
| Trade debts | 44 | €3,391 | €6,261 | +€2,870 | +84.6% |
| Suppliers | 440/4 | €3,391 | €6,261 | +€2,870 | +84.6% |
| Taxes, remuneration and social security | 45 | €41,269 | €43,622 | +€2,353 | +5.7% |
| Taxes | 450/3 | €41,269 | €43,622 | +€2,353 | +5.7% |
| Other amounts payable | 47/48 | €2,591 | €3,885 | +€1,294 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,923 | €13,385 | +€4,462 | +50.0% |
| Other operating charges | 640/8 | €1,133 | €1,339 | +€206 | +18.2% |
| Gross operating margin | 9900 | €75,367 | €101,469 | +€26,102 | +34.6% |
| Operating profit (loss) | 9901 | €65,312 | €86,746 | +€21,434 | +32.8% |
| Financial income | 75/76B | €1,168 | €8,716 | +€7,548 | +646% |
| Recurring financial income | 75 | €1,168 | €8,716 | +€7,548 | +646% |
| Financial charges | 65/66B | €2,395 | €2,532 | +€137 | +5.7% |
| Recurring financial charges | 65 | €2,395 | €2,532 | +€137 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €64,085 | €92,930 | +€28,845 | +45.0% |
| Income taxes | 67/77 | €17,711 | €23,141 | +€5,430 | +30.7% |
| Profit (loss) for the period | 9904 | €46,374 | €69,789 | +€23,414 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,374 | €69,789 | +€23,414 | +50.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.