LDX construct: 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.
LDX construct
Largest movements
- Receivables after one year +€60,000
new in 2024: €60,000
- Tangible fixed assets -€26,998
down €26,998 (-5.8%), from €466,742 to €439,743
of which Land and buildings: -€14,060
- Cash +€25,889
up €25,889 (+105.6%), from €24,511 to €50,400
mainly Depreciation (+€32,248) and Current portion of long-term debt (+€29,084)
- Receivables within one year -€18,102
down €18,102 (-22.6%), from €79,950 to €61,847
of which Trade receivables: -€23,955
- Debts after one year -€29,840
down €29,840 (-8.2%), from €364,902 to €335,062
- Current portion of long-term debt +€29,084
up €29,084 (+31.6%), from €91,937 to €121,021
- Reserves +€19,525
up €19,525 (+28.1%), from €69,574 to €89,099
- Accrued charges and deferred income +€12,000
new in 2024: €12,000
- Tax, wage and social debts +€6,952
up €6,952 (+126.7%), from €5,487 to €12,439
of which Taxes: +€7,034
- Gross operating margin +€34,269
up €34,269 (+30.5%), from €112,526 to €146,795
- Other operating charges +€14,972
up €14,972 (+847.4%), from €1,767 to €16,739
- Taxes +€7,384
up €7,384 (+425.0%), from €1,737 to €9,121
- Staff costs -€3,507
down €3,507 (-5.9%), from €59,137 to €55,630
- Financial charges +€2,598
up €2,598 (+22.4%), from €11,621 to €14,219
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €576,172 | €614,376 | +€38,204 | +6.6% |
| Fixed assets | 21/28 | €466,742 | €439,743 | -€26,998 | -5.8% |
| Tangible fixed assets | 22/27 | €466,742 | €439,743 | -€26,998 | -5.8% |
| Land and buildings | 22 | €401,883 | €387,824 | -€14,060 | -3.5% |
| Plant, machinery and equipment | 23 | €20,519 | €6,501 | -€14,019 | -68.3% |
| Furniture and vehicles | 24 | €44,339 | €45,419 | +€1,080 | +2.4% |
| Current assets | 29/58 | €109,431 | €174,633 | +€65,203 | +59.6% |
| Amounts receivable after more than one year | 29 | - | €60,000 | +€60,000 | |
| Other amounts receivable | 291 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €79,950 | €61,847 | -€18,102 | -22.6% |
| Trade receivables | 40 | €44,107 | €20,152 | -€23,955 | -54.3% |
| Other amounts receivable | 41 | €35,843 | €41,695 | +€5,852 | +16.3% |
| Cash at bank and in hand | 54/58 | €24,511 | €50,400 | +€25,889 | +105.6% |
| Deferred charges and accrued income | 490/1 | €4,970 | €2,386 | -€2,584 | -52.0% |
| Total equity and liabilities | 10/49 | €576,172 | €614,376 | +€38,204 | +6.6% |
| Equity | 10/15 | €72,074 | €91,599 | +€19,525 | +27.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €69,574 | €89,099 | +€19,525 | +28.1% |
| Distributable reserves | 133 | €69,574 | €89,099 | +€19,525 | +28.1% |
| Profit (loss) carried forward | 14 | €0 | - | -€0 | |
| Amounts payable | 17/49 | €504,098 | €522,777 | +€18,680 | +3.7% |
| Amounts payable after more than one year | 17 | €364,902 | €335,062 | -€29,840 | -8.2% |
| Financial debts | 170/4 | €364,902 | €335,062 | -€29,840 | -8.2% |
| Amounts payable within one year | 42/48 | €139,196 | €175,716 | +€36,520 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €91,937 | €121,021 | +€29,084 | +31.6% |
| Trade debts | 44 | €37,163 | €37,746 | +€583 | +1.6% |
| Suppliers | 440/4 | €37,163 | €37,746 | +€583 | +1.6% |
| Advances received on contracts in progress | 46 | €2,251 | - | -€2,251 | |
| Taxes, remuneration and social security | 45 | €5,487 | €12,439 | +€6,952 | +126.7% |
| Taxes | 450/3 | €3,824 | €10,859 | +€7,034 | +183.9% |
| Remuneration and social security | 454/9 | €1,662 | €1,580 | -€82 | -5.0% |
| Other amounts payable | 47/48 | €2,358 | €4,510 | +€2,152 | +91.3% |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €59,137 | €55,630 | -€3,507 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,885 | €32,248 | -€636 | -1.9% |
| Other operating charges | 640/8 | €1,767 | €16,739 | +€14,972 | +847.4% |
| Gross operating margin | 9900 | €112,526 | €146,795 | +€34,269 | +30.5% |
| Operating profit (loss) | 9901 | €18,738 | €42,178 | +€23,440 | +125.1% |
| Financial income | 75/76B | €126 | €1,487 | +€1,361 | +1084.5% |
| Recurring financial income | 75 | €126 | €1,487 | +€1,361 | +1084.5% |
| Financial charges | 65/66B | €11,621 | €14,219 | +€2,598 | +22.4% |
| Recurring financial charges | 65 | €11,621 | €14,219 | +€2,598 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €7,243 | €29,446 | +€22,203 | +306.6% |
| Income taxes | 67/77 | €1,737 | €9,121 | +€7,384 | +425.0% |
| Profit (loss) for the period | 9904 | €5,506 | €20,325 | +€14,819 | +269.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,506 | €20,325 | +€14,819 | +269.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.