LNTDRP: 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.
LNTDRP
Largest movements
- Stocks and contracts -€619,416
down €619,416 (-56.6%), from €1.1m to €475,699
- Cash +€159,219
up €159,219 (+3526.2%), from €4,515 to €163,734
mainly Stocks and contracts (+€619,416) and Depreciation (+€68,601)
- Tangible fixed assets -€68,601
down €68,601 (-11.7%), from €588,286 to €519,685
- Short-term financial debts -€462,000
down €462,000 (-56.5%), from €817,000 to €355,000
- Profit (loss) carried forward -€114,553
down €114,553 (-105.3%), from -€108,776 to -€223,328
- Other debts +€44,911
up €44,911 (+18.1%), from €248,391 to €293,301
- Depreciation +€63,287
up €63,287 (+1190.9%), from €5,314 to €68,601
- Gross operating margin +€45,991
up €45,991, from -€12,159 to €33,832
- Financial charges +€13,419
up €13,419 (+21.0%), from €63,903 to €77,322
- Other operating charges +€942
up €942 (+62.0%), from €1,519 to €2,461
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 | €1,690,060 | €1,175,063 | -€514,997 | -30.5% |
| Fixed assets | 21/28 | €588,286 | €519,685 | -€68,601 | -11.7% |
| Tangible fixed assets | 22/27 | €588,286 | €519,685 | -€68,601 | -11.7% |
| Land and buildings | 22 | €588,286 | €519,685 | -€68,601 | -11.7% |
| Current assets | 29/58 | €1,101,774 | €655,378 | -€446,396 | -40.5% |
| Stocks and contracts in progress | 3 | €1,095,115 | €475,699 | -€619,416 | -56.6% |
| Stocks | 30/36 | €1,095,115 | €475,699 | -€619,416 | -56.6% |
| Amounts receivable within one year | 40/41 | €1,500 | €15,000 | +€13,500 | +900.0% |
| Trade receivables | 40 | €1,500 | €15,000 | +€13,500 | +900.0% |
| Cash at bank and in hand | 54/58 | €4,515 | €163,734 | +€159,219 | +3526.2% |
| Deferred charges and accrued income | 490/1 | €644 | €945 | +€301 | +46.7% |
| Total equity and liabilities | 10/49 | €1,690,060 | €1,175,063 | -€514,997 | -30.5% |
| Equity | 10/15 | -€103,776 | -€218,328 | -€114,553 | -110.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,776 | -€223,328 | -€114,553 | -105.3% |
| Amounts payable | 17/49 | €1,793,836 | €1,393,392 | -€400,444 | -22.3% |
| Amounts payable after more than one year | 17 | €707,555 | €706,370 | -€1,185 | -0.2% |
| Financial debts | 170/4 | €706,475 | €705,290 | -€1,185 | -0.2% |
| Other amounts payable | 178/9 | €1,080 | €1,080 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,086,281 | €686,271 | -€400,010 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €18,623 | €19,383 | +€760 | +4.1% |
| Financial debts | 43 | €817,000 | €355,000 | -€462,000 | -56.5% |
| Credit institutions | 430/8 | €817,000 | €355,000 | -€462,000 | -56.5% |
| Trade debts | 44 | €2,267 | €18,587 | +€16,320 | +719.8% |
| Suppliers | 440/4 | €2,267 | €18,587 | +€16,320 | +719.8% |
| Other amounts payable | 47/48 | €248,391 | €293,301 | +€44,911 | +18.1% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,314 | €68,601 | +€63,287 | +1190.9% |
| Other operating charges | 640/8 | €1,519 | €2,461 | +€942 | +62.0% |
| Gross operating margin | 9900 | -€12,159 | €33,832 | +€45,991 | |
| Operating profit (loss) | 9901 | -€18,992 | -€37,230 | -€18,238 | -96.0% |
| Financial charges | 65/66B | €63,903 | €77,322 | +€13,419 | +21.0% |
| Recurring financial charges | 65 | €63,903 | €77,322 | +€13,419 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€82,895 | -€114,553 | -€31,657 | -38.2% |
| Profit (loss) for the period | 9904 | -€82,895 | -€114,553 | -€31,657 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,895 | -€114,553 | -€31,657 | -38.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.