Charlotte Laduron: what changed
Two financial 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.
Charlotte Laduron
Largest movements
- Tangible fixed assets -€71,120
down €71,120 (-7.6%), from €934,323 to €863,202
of which Plant, machinery and equipment: -€47,201
- Cash +€58,652
up €58,652 (+24.6%), from €238,024 to €296,676
mainly Net result for the year (+€324,474) and Other debts (+€98,346)
- Receivables within one year -€18,757
down €18,757 (-41.7%), from €45,018 to €26,262
of which Other amounts receivable: -€19,769
- Other debts +€98,346
up €98,346 (+43.5%), from €226,127 to €324,474
- Debts after one year -€70,561
down €70,561 (-10.5%), from €672,727 to €602,166
- Accrued charges and deferred income -€29,020
no longer reported in 2025 (was €29,020)
- Tax, wage and social debts -€21,542
down €21,542 (-42.6%), from €50,547 to €29,005
of which Taxes: -€21,070
- Gross operating margin +€64,981
up €64,981 (+12.2%), from €534,402 to €599,383
- Taxes +€20,700
up €20,700 (+24.7%), from €83,769 to €104,469
- Staff costs -€10,526
down €10,526 (-12.1%), from €86,923 to €76,397
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.
Derived cash bridge
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 | €1,234,909 | €1,206,691 | -€28,218 | -2.3% |
| Fixed assets | 21/28 | €934,699 | €863,578 | -€71,120 | -7.6% |
| Tangible fixed assets | 22/27 | €934,323 | €863,202 | -€71,120 | -7.6% |
| Land and buildings | 22 | €674,894 | €654,093 | -€20,802 | -3.1% |
| Plant, machinery and equipment | 23 | €240,786 | €193,585 | -€47,201 | -19.6% |
| Furniture and vehicles | 24 | €18,642 | €15,524 | -€3,118 | -16.7% |
| Financial fixed assets | 28 | €376 | €376 | = | 0.0% |
| Current assets | 29/58 | €300,210 | €343,113 | +€42,903 | +14.3% |
| Amounts receivable within one year | 40/41 | €45,018 | €26,262 | -€18,757 | -41.7% |
| Trade receivables | 40 | - | €1,012 | +€1,012 | |
| Other amounts receivable | 41 | €45,018 | €25,250 | -€19,769 | -43.9% |
| Cash at bank and in hand | 54/58 | €238,024 | €296,676 | +€58,652 | +24.6% |
| Deferred charges and accrued income | 490/1 | €17,168 | €20,175 | +€3,007 | +17.5% |
| Total equity and liabilities | 10/49 | €1,234,909 | €1,206,691 | -€28,218 | -2.3% |
| Equity | 10/15 | €180,190 | €180,190 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,590 | €161,590 | = | 0.0% |
| Distributable reserves | 133 | €161,590 | €161,590 | = | 0.0% |
| Amounts payable | 17/49 | €1,054,719 | €1,026,501 | -€28,218 | -2.7% |
| Amounts payable after more than one year | 17 | €672,727 | €602,166 | -€70,561 | -10.5% |
| Financial debts | 170/4 | €672,727 | €602,166 | -€70,561 | -10.5% |
| Amounts payable within one year | 42/48 | €352,972 | €424,335 | +€71,363 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €69,923 | €70,561 | +€638 | +0.9% |
| Trade debts | 44 | €6,374 | €295 | -€6,079 | -95.4% |
| Suppliers | 440/4 | €6,374 | €295 | -€6,079 | -95.4% |
| Taxes, remuneration and social security | 45 | €50,547 | €29,005 | -€21,542 | -42.6% |
| Taxes | 450/3 | €40,564 | €19,493 | -€21,070 | -51.9% |
| Remuneration and social security | 454/9 | €9,984 | €9,512 | -€471 | -4.7% |
| Other amounts payable | 47/48 | €226,127 | €324,474 | +€98,346 | +43.5% |
| Accrued charges and deferred income | 492/3 | €29,020 | - | -€29,020 | |
| Remuneration, social security and pensions | 62 | €86,923 | €76,397 | -€10,526 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,342 | €81,704 | -€1,637 | -2.0% |
| Other operating charges | 640/8 | €2,926 | €2,784 | -€141 | -4.8% |
| Gross operating margin | 9900 | €534,402 | €599,383 | +€64,981 | +12.2% |
| Operating profit (loss) | 9901 | €361,212 | €438,498 | +€77,286 | +21.4% |
| Financial income | 75/76B | €1,624 | €1,892 | +€268 | +16.5% |
| Recurring financial income | 75 | €1,624 | €1,892 | +€268 | +16.5% |
| Financial charges | 65/66B | €13,035 | €11,448 | -€1,587 | -12.2% |
| Recurring financial charges | 65 | €13,035 | €11,448 | -€1,587 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €349,801 | €428,943 | +€79,141 | +22.6% |
| Income taxes | 67/77 | €83,769 | €104,469 | +€20,700 | +24.7% |
| Profit (loss) for the period | 9904 | €266,032 | €324,474 | +€58,441 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €266,032 | €324,474 | +€58,441 | +22.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.