LRDC: 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.
LRDC
Largest movements
- Deferred charges and accrued income +€468,067
up €468,067 (+11091.6%), from €4,220 to €472,287
- Receivables within one year -€186,153
down €186,153 (-66.2%), from €281,150 to €94,997
of which Trade receivables: -€208,321
- Cash +€8,424
up €8,424 (+5.1%), from €165,832 to €174,256
mainly Net result for the year (+€423,588) and Receivables within one year (+€186,153)
- Reserves +€185,646
up €185,646 (+48.4%), from €383,365 to €569,011
- Other debts +€62,580
up €62,580 (+105.0%), from €59,603 to €122,183
- Tax, wage and social debts +€39,831
up €39,831 (+723.3%), from €5,506 to €45,337
of which Taxes: +€39,813
- Financial income +€460,135
up €460,135 (+2479.2%), from €18,560 to €478,695
of which Non-recurring financial income: +€471,006
- Taxes +€38,925
up €38,925 (+1133.6%), from €3,434 to €42,359
- Gross operating margin -€8,117
down €8,117, from €403 to -€7,714
- Financial charges -€345
down €345 (-8.8%), from €3,927 to €3,582
- Depreciation -€108
no longer reported in 2025 (was €108)
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 | €455,997 | €744,001 | +€288,004 | +63.2% |
| Fixed assets | 21/28 | €4,795 | €2,462 | -€2,333 | -48.7% |
| Tangible fixed assets | 22/27 | €1,052 | - | -€1,052 | |
| Furniture and vehicles | 24 | €1,052 | - | -€1,052 | |
| Financial fixed assets | 28 | €3,743 | €2,462 | -€1,281 | -34.2% |
| Current assets | 29/58 | €451,202 | €741,540 | +€290,337 | +64.3% |
| Amounts receivable within one year | 40/41 | €281,150 | €94,997 | -€186,153 | -66.2% |
| Trade receivables | 40 | €208,321 | - | -€208,321 | |
| Other amounts receivable | 41 | €72,829 | €94,997 | +€22,168 | +30.4% |
| Cash at bank and in hand | 54/58 | €165,832 | €174,256 | +€8,424 | +5.1% |
| Deferred charges and accrued income | 490/1 | €4,220 | €472,287 | +€468,067 | +11091.6% |
| Total equity and liabilities | 10/49 | €455,997 | €744,001 | +€288,004 | +63.2% |
| Equity | 10/15 | €384,930 | €575,311 | +€190,381 | +49.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €383,365 | €569,011 | +€185,646 | +48.4% |
| Distributable reserves | 133 | €383,365 | €569,011 | +€185,646 | +48.4% |
| Profit (loss) carried forward | 14 | -€4,735 | - | +€4,735 | |
| Amounts payable | 17/49 | €71,067 | €168,691 | +€97,623 | +137.4% |
| Amounts payable within one year | 42/48 | €66,202 | €168,670 | +€102,468 | +154.8% |
| Trade debts | 44 | €1,093 | €1,151 | +€58 | +5.3% |
| Suppliers | 440/4 | €1,093 | €1,151 | +€58 | +5.3% |
| Taxes, remuneration and social security | 45 | €5,506 | €45,337 | +€39,831 | +723.3% |
| Taxes | 450/3 | €2,898 | €42,711 | +€39,813 | +1374.1% |
| Remuneration and social security | 454/9 | €2,609 | €2,626 | +€17 | +0.7% |
| Other amounts payable | 47/48 | €59,603 | €122,183 | +€62,580 | +105.0% |
| Accrued charges and deferred income | 492/3 | €4,865 | €20 | -€4,845 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108 | - | -€108 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €1,052 | +€1,052 | |
| Gross operating margin | 9900 | €403 | -€7,714 | -€8,117 | |
| Operating profit (loss) | 9901 | -€92 | -€9,166 | -€9,074 | -9877.9% |
| Financial income | 75/76B | €18,560 | €478,695 | +€460,135 | +2479.2% |
| Recurring financial income | 75 | €18,560 | €7,689 | -€10,871 | -58.6% |
| Non-recurring financial income | 76B | - | €471,006 | +€471,006 | |
| Financial charges | 65/66B | €3,927 | €3,582 | -€345 | -8.8% |
| Recurring financial charges | 65 | €3,927 | €3,582 | -€345 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €14,541 | €465,947 | +€451,406 | +3104.4% |
| Income taxes | 67/77 | €3,434 | €42,359 | +€38,925 | +1133.6% |
| Profit (loss) for the period | 9904 | €11,107 | €423,588 | +€412,481 | +3713.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,107 | €423,588 | +€412,481 | +3713.7% |
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.