LRDX: 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.
LRDX
Largest movements
- Tangible fixed assets -€207,189
down €207,189 (-90.0%), from €230,251 to €23,062
of which Land and buildings: -€191,476
- Stocks and contracts +€12,414
new in 2025: €12,414
- Cash +€7,193
up €7,193 (+1079.9%), from €666 to €7,859
mainly Investment in fixed assets (net) (+€198,262) and Net result for the year (+€17,118)
- Profit (loss) carried forward -€186,208
no longer reported in 2025 (was €186,208)
- Reserves +€17,526
new in 2025: €17,526
- Debts after one year -€9,720
down €9,720 (-62.1%), from €15,643 to €5,923
- Tax, wage and social debts -€8,062
down €8,062 (-56.4%), from €14,294 to €6,231
- Other debts -€3,427
down €3,427 (-61.5%), from €5,572 to €2,145
- Depreciation -€13,601
down €13,601 (-60.4%), from €22,528 to €8,927
- Gross operating margin -€4,276
down €4,276 (-10.8%), from €39,688 to €35,412
- Taxes +€2,214
up €2,214 (+55.1%), from €4,017 to €6,231
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 | €231,916 | €45,894 | -€186,022 | -80.2% |
| Fixed assets | 21/28 | €230,251 | €23,062 | -€207,189 | -90.0% |
| Tangible fixed assets | 22/27 | €230,251 | €23,062 | -€207,189 | -90.0% |
| Land and buildings | 22 | €191,476 | - | -€191,476 | |
| Furniture and vehicles | 24 | €38,775 | €23,062 | -€15,713 | -40.5% |
| Current assets | 29/58 | €1,664 | €22,832 | +€21,168 | +1271.9% |
| Stocks and contracts in progress | 3 | - | €12,414 | +€12,414 | |
| Stocks | 30/36 | - | €12,414 | +€12,414 | |
| Amounts receivable within one year | 40/41 | €998 | €2,559 | +€1,561 | +156.3% |
| Trade receivables | 40 | €697 | €645 | -€52 | -7.5% |
| Other amounts receivable | 41 | €301 | €1,914 | +€1,613 | +536.2% |
| Cash at bank and in hand | 54/58 | €666 | €7,859 | +€7,193 | +1079.9% |
| Total equity and liabilities | 10/49 | €231,916 | €45,894 | -€186,022 | -80.2% |
| Equity | 10/15 | €187,208 | €18,526 | -€168,682 | -90.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €17,526 | +€17,526 | |
| Distributable reserves | 133 | - | €17,526 | +€17,526 | |
| Profit (loss) carried forward | 14 | €186,208 | - | -€186,208 | |
| Amounts payable | 17/49 | €44,708 | €27,368 | -€17,339 | -38.8% |
| Amounts payable after more than one year | 17 | €15,643 | €5,923 | -€9,720 | -62.1% |
| Financial debts | 170/4 | €15,643 | €5,923 | -€9,720 | -62.1% |
| Amounts payable within one year | 42/48 | €29,065 | €21,446 | -€7,619 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €9,199 | €10,044 | +€845 | +9.2% |
| Trade debts | 44 | - | €3,025 | +€3,025 | |
| Suppliers | 440/4 | - | €3,025 | +€3,025 | |
| Taxes, remuneration and social security | 45 | €14,294 | €6,231 | -€8,062 | -56.4% |
| Taxes | 450/3 | €14,294 | €6,231 | -€8,062 | -56.4% |
| Other amounts payable | 47/48 | €5,572 | €2,145 | -€3,427 | -61.5% |
| Non-recurring operating income | 76A | - | €51,509 | +€51,509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,528 | €8,927 | -€13,601 | -60.4% |
| Other operating charges | 640/8 | €555 | €520 | -€36 | -6.4% |
| Gross operating margin | 9900 | €39,688 | €35,412 | -€4,276 | -10.8% |
| Operating profit (loss) | 9901 | €16,605 | €25,965 | +€9,360 | +56.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,810 | €2,616 | -€194 | -6.9% |
| Recurring financial charges | 65 | €2,810 | €2,616 | -€194 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €13,795 | €23,349 | +€9,554 | +69.3% |
| Income taxes | 67/77 | €4,017 | €6,231 | +€2,214 | +55.1% |
| Profit (loss) for the period | 9904 | €9,778 | €17,118 | +€7,339 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,778 | €17,118 | +€7,339 | +75.1% |
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 3 October 2026 via checked.be.