Alexandre Laduron: 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.
Alexandre Laduron
Largest movements
- Receivables within one year +€177,168
up €177,168 (+2589.8%), from €6,841 to €184,009
of which Other amounts receivable: +€174,873
- Cash -€72,866
down €72,866 (-52.7%), from €138,208 to €65,342
mainly Receivables within one year (-€177,168) and Tax, wage and social debts (-€3,712)
- Reserves +€104,000
up €104,000 (+72.7%), from €143,000 to €247,000
- Trade debts +€4,474
up €4,474 (+32660.1%), from €14 to €4,488
- Tax, wage and social debts -€3,712
no longer reported in 2025 (was €3,712)
- Gross operating margin +€9,770
up €9,770 (+7.9%), from €123,967 to €133,737
- Financial income +€4,827
up €4,827 (+4974.9%), from €97 to €4,924
- Taxes +€2,371
up €2,371 (+7.8%), from €30,404 to €32,775
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 | €151,293 | €256,883 | +€105,589 | +69.8% |
| Fixed assets | 21/28 | €2,334 | €1,519 | -€815 | -34.9% |
| Tangible fixed assets | 22/27 | €2,334 | €1,519 | -€815 | -34.9% |
| Furniture and vehicles | 24 | €2,334 | €1,519 | -€815 | -34.9% |
| Current assets | 29/58 | €148,960 | €255,364 | +€106,404 | +71.4% |
| Amounts receivable within one year | 40/41 | €6,841 | €184,009 | +€177,168 | +2589.8% |
| Trade receivables | 40 | - | €2,295 | +€2,295 | |
| Other amounts receivable | 41 | €6,841 | €181,714 | +€174,873 | +2556.2% |
| Cash at bank and in hand | 54/58 | €138,208 | €65,342 | -€72,866 | -52.7% |
| Deferred charges and accrued income | 490/1 | €3,910 | €6,013 | +€2,103 | +53.8% |
| Total equity and liabilities | 10/49 | €151,293 | €256,883 | +€105,589 | +69.8% |
| Equity | 10/15 | €147,567 | €252,395 | +€104,827 | +71.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €143,000 | €247,000 | +€104,000 | +72.7% |
| Distributable reserves | 133 | €143,000 | €247,000 | +€104,000 | +72.7% |
| Profit (loss) carried forward | 14 | €567 | €1,395 | +€827 | +145.8% |
| Amounts payable | 17/49 | €3,726 | €4,488 | +€762 | +20.5% |
| Amounts payable within one year | 42/48 | €3,726 | €4,488 | +€762 | +20.5% |
| Trade debts | 44 | €14 | €4,488 | +€4,474 | +32660.1% |
| Suppliers | 440/4 | €14 | €4,488 | +€4,474 | +32660.1% |
| Taxes, remuneration and social security | 45 | €3,712 | - | -€3,712 | |
| Taxes | 450/3 | €3,712 | - | -€3,712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €815 | -€273 | -25.1% |
| Other operating charges | 640/8 | €280 | - | -€280 | |
| Gross operating margin | 9900 | €123,967 | €133,737 | +€9,770 | +7.9% |
| Operating profit (loss) | 9901 | €122,600 | €132,922 | +€10,322 | +8.4% |
| Financial income | 75/76B | €97 | €4,924 | +€4,827 | +4974.9% |
| Recurring financial income | 75 | €97 | €4,924 | +€4,827 | +4974.9% |
| Financial charges | 65/66B | €170 | €244 | +€74 | +43.6% |
| Recurring financial charges | 65 | €170 | €244 | +€74 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €122,527 | €137,603 | +€15,075 | +12.3% |
| Income taxes | 67/77 | €30,404 | €32,775 | +€2,371 | +7.8% |
| Profit (loss) for the period | 9904 | €92,123 | €104,827 | +€12,704 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,123 | €104,827 | +€12,704 | +13.8% |
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.