LYDACO: 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.
What changed
LYDACO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,041
2024 · €165+€876
Equity
€438,459
2024 · €439,084-€625
Cash
€42,784
2024 · €49,413-€6,629
Balance sheet total
€996,919
2024 · €1.0m-€30,360
Largest movements
Assets
- Tangible fixed assets -€23,448
down €23,448 (-2.4%), from €976,610 to €953,162
Equity and liabilities
- Debts after one year -€21,699
down €21,699 (-9.8%), from €221,414 to €199,715
of which Financial debts: -€21,699
Income statement
- Taxes +€3,427
up €3,427 (+239.3%), from €1,433 to €4,860
- Financial charges -€2,941
down €2,941 (-11.8%), from €24,823 to €21,881
of which Financial charges: -€2,941
- Depreciation -€1,063
down €1,063 (-2.9%), from €37,032 to €35,969
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.
Result 2024
€165
Gross operating margin
+€299
Depreciation
+€1,063
Financial charges
+€2,941
Taxes
-€3,427
Result 2025
€1,041
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.
From operations
+€33,506
Investment
-€12,521
Financing
-€27,614
Cash 2024
€49,413
From operations (derived)
+€33,506
Net result for the year
+€1,041
Depreciation
+€35,969
Receivables within one year
+€1,255
Deferred charges and accrued income
-€973
Provisions
-€3,517
Trade debts
+€1,596
Tax, wage and social debts
+€1,080
Other debts
-€2,976
Accrued charges and deferred income
+€30
Investment (derived)
-€12,521
Investment in fixed assets (net)
-€12,521
Financing
-€27,614
Debts after one year
-€21,699
Current portion of long-term debt
-€4,249
Contributions, distributions and other
-€1,666
Cash 2025
€42,784
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,027,279 | €996,919 | -€30,360 | -3.0% |
| Fixed assets | 21/28 | €976,610 | €953,162 | -€23,448 | -2.4% |
| Tangible fixed assets | 22/27 | €976,610 | €953,162 | -€23,448 | -2.4% |
| Land and buildings | 22 | €976,610 | €953,162 | -€23,448 | -2.4% |
| Current assets | 29/58 | €50,669 | €43,757 | -€6,912 | -13.6% |
| Amounts receivable within one year | 40/41 | €1,255 | - | -€1,255 | |
| Other amounts receivable | 41 | €1,255 | - | -€1,255 | |
| Cash at bank and in hand | 54/58 | €49,413 | €42,784 | -€6,629 | -13.4% |
| Deferred charges and accrued income | 490/1 | - | €973 | +€973 | |
| Total equity and liabilities | 10/49 | €1,027,279 | €996,919 | -€30,360 | -3.0% |
| Equity | 10/15 | €439,084 | €438,459 | -€625 | -0.1% |
| Contributions | 10/11 | €119,000 | €119,000 | = | 0.0% |
| Capital | 10 | €119,000 | €119,000 | = | 0.0% |
| Issued capital | 100 | €119,000 | €119,000 | = | 0.0% |
| Reserves | 13 | €320,084 | €319,459 | -€625 | -0.2% |
| Non-distributable reserves | 130/1 | €36,900 | €36,900 | = | 0.0% |
| Legal reserve | 130 | €36,900 | €36,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,047 | €195,085 | -€8,963 | -4.4% |
| Distributable reserves | 133 | €79,137 | €87,474 | +€8,337 | +10.5% |
| Provisions and deferred taxes | 16 | €76,617 | €73,101 | -€3,517 | -4.6% |
| Deferred taxes | 168 | €76,617 | €73,101 | -€3,517 | -4.6% |
| Amounts payable | 17/49 | €511,578 | €485,360 | -€26,218 | -5.1% |
| Amounts payable after more than one year | 17 | €221,414 | €199,715 | -€21,699 | -9.8% |
| Financial debts | 170/4 | €218,939 | €197,240 | -€21,699 | -9.9% |
| Other amounts payable | 178/9 | €2,475 | €2,475 | = | 0.0% |
| Amounts payable within one year | 42/48 | €289,288 | €284,739 | -€4,549 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €25,948 | €21,699 | -€4,249 | -16.4% |
| Trade debts | 44 | - | €1,596 | +€1,596 | |
| Suppliers | 440/4 | - | €1,596 | +€1,596 | |
| Taxes, remuneration and social security | 45 | €7,950 | €9,030 | +€1,080 | +13.6% |
| Taxes | 450/3 | €7,950 | €9,030 | +€1,080 | +13.6% |
| Other amounts payable | 47/48 | €255,390 | €252,414 | -€2,976 | -1.2% |
| Accrued charges and deferred income | 492/3 | €875 | €905 | +€30 | +3.4% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,032 | €35,969 | -€1,063 | -2.9% |
| Gross operating margin | 9900 | €59,935 | €60,235 | +€299 | +0.5% |
| Operating profit (loss) | 9901 | €22,903 | €24,265 | +€1,362 | +5.9% |
| Financial charges | 65/66B | €24,823 | €21,881 | -€2,941 | -11.8% |
| Recurring financial charges | 65 | €24,823 | €21,881 | -€2,941 | -11.8% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | -€1,920 | €2,384 | +€4,303 | |
| Transfer from deferred taxes | 780 | €3,517 | €3,517 | = | 0.0% |
| Income taxes | 67/77 | €1,433 | €4,860 | +€3,427 | +239.3% |
| Profit (loss) for the period | 9904 | €165 | €1,041 | +€876 | +532.3% |
| Transfer from tax-exempt reserves | 789 | €8,963 | €8,963 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,127 | €10,003 | +€876 | +9.6% |
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 30 September 2026 via checked.be.