LDX Ventures: 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.
LDX Ventures
Largest movements
- Cash -€155,946
down €155,946 (-56.2%), from €277,568 to €121,621
mainly Contributions, distributions and other (-€265,074) and Receivables within one year (-€72,336)
- Receivables after one year -€96,000
down €96,000 (-100%), from €96,000 to €0
- Receivables within one year +€72,336
up €72,336 (+10,798%), from €670 to €73,006
of which Other amounts receivable: +€42,539
- Tangible fixed assets -€60,238
down €60,238 (-3.1%), from €1.9m to €1.9m
of which Land and buildings: -€45,585
- Deferred charges and accrued income +€23,590
up €23,590 (+531%), from €4,443 to €28,033
- Reserves -€227,268
down €227,268 (-40.4%), from €562,780 to €335,512
- Tax, wage and social debts +€25,277
up €25,277 (+91.4%), from €27,665 to €52,943
- Gross operating margin +€74,932
up €74,932 (+31.7%), from €236,122 to €311,054
- Taxes -€3,549
down €3,549 (-10.0%), from €35,630 to €32,082
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 | €2,323,029 | €2,106,771 | -€216,259 | -9.3% |
| Fixed assets | 21/28 | €1,944,349 | €1,884,111 | -€60,238 | -3.1% |
| Tangible fixed assets | 22/27 | €1,944,349 | €1,884,111 | -€60,238 | -3.1% |
| Land and buildings | 22 | €1,884,741 | €1,839,156 | -€45,585 | -2.4% |
| Furniture and vehicles | 24 | €59,607 | €44,954 | -€14,653 | -24.6% |
| Current assets | 29/58 | €378,681 | €222,660 | -€156,021 | -41.2% |
| Amounts receivable after more than one year | 29 | €96,000 | €0 | -€96,000 | -100% |
| Trade receivables | 290 | €96,000 | €0 | -€96,000 | -100% |
| Amounts receivable within one year | 40/41 | €670 | €73,006 | +€72,336 | +10,798% |
| Trade receivables | 40 | - | €29,796 | +€29,796 | |
| Other amounts receivable | 41 | €670 | €43,209 | +€42,539 | +6,350% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €277,568 | €121,621 | -€155,946 | -56.2% |
| Deferred charges and accrued income | 490/1 | €4,443 | €28,033 | +€23,590 | +531% |
| Total equity and liabilities | 10/49 | €2,323,029 | €2,106,771 | -€216,259 | -9.3% |
| Equity | 10/15 | €575,180 | €347,912 | -€227,268 | -39.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €562,780 | €335,512 | -€227,268 | -40.4% |
| Distributable reserves | 133 | €562,780 | €335,512 | -€227,268 | -40.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,747,849 | €1,758,859 | +€11,009 | +0.6% |
| Amounts payable after more than one year | 17 | €1,560,448 | €1,547,727 | -€12,721 | -0.8% |
| Financial debts | 170/4 | €1,560,448 | €1,547,727 | -€12,721 | -0.8% |
| Amounts payable within one year | 42/48 | €187,401 | €211,131 | +€23,730 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €109,917 | €112,721 | +€2,804 | +2.6% |
| Trade debts | 44 | €12,573 | €21,145 | +€8,572 | +68.2% |
| Suppliers | 440/4 | €12,573 | €21,145 | +€8,572 | +68.2% |
| Taxes, remuneration and social security | 45 | €27,665 | €52,943 | +€25,277 | +91.4% |
| Taxes | 450/3 | €27,665 | €52,943 | +€25,277 | +91.4% |
| Other amounts payable | 47/48 | €37,246 | €24,322 | -€12,923 | -34.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,664 | €81,778 | +€2,114 | +2.7% |
| Other operating charges | 640/8 | €9,554 | €9,479 | -€76 | -0.8% |
| Non-recurring operating charges | 66A | - | €96,000 | +€96,000 | |
| Gross operating margin | 9900 | €236,122 | €311,054 | +€74,932 | +31.7% |
| Operating profit (loss) | 9901 | €146,904 | €123,797 | -€23,107 | -15.7% |
| Financial income | 75/76B | €1,524 | €93 | -€1,431 | -93.9% |
| Recurring financial income | 75 | €1,524 | €93 | -€1,431 | -93.9% |
| Financial charges | 65/66B | €56,944 | €54,002 | -€2,941 | -5.2% |
| Recurring financial charges | 65 | €56,944 | €54,002 | -€2,941 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €91,485 | €69,888 | -€21,597 | -23.6% |
| Income taxes | 67/77 | €35,630 | €32,082 | -€3,549 | -10.0% |
| Profit (loss) for the period | 9904 | €55,854 | €37,806 | -€18,048 | -32.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €55,854 | €37,806 | -€18,048 | -32.3% |
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 23 October 2026 via checked.be.