HET LADDERKE: 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.
HET LADDERKE
Largest movements
- Deferred charges and accrued income +€11,614
new in 2025: €11,614
- Stocks and contracts -€6,890
down €6,890 (-12.2%), from €56,381 to €49,491
- Tangible fixed assets -€5,708
down €5,708 (-38.9%), from €14,692 to €8,984
of which Plant, machinery and equipment: -€5,708
- Receivables within one year -€3,054
down €3,054 (-12.7%), from €24,031 to €20,978
of which Other amounts receivable: -€11,065
- Cash -€2,300
down €2,300 (-100%), from €2,300 to €0
mainly Net result for the year (-€23,240) and Deferred charges and accrued income (-€11,614)
- Profit (loss) carried forward -€23,240
down €23,240 (-19.1%), from -€121,833 to -€145,073
- Other debts +€19,138
up €19,138 (+20.3%), from €94,167 to €113,305
- Short-term financial debts +€8,869
new in 2025: €8,869
- Advances received -€7,140
no longer reported in 2025 (was €7,140)
- Trade debts -€4,470
down €4,470 (-50.7%), from €8,808 to €4,338
- Gross operating margin +€2,845
up €2,845 (+16.2%), from -€17,590 to -€14,745
- Depreciation -€1,498
down €1,498 (-20.8%), from €7,206 to €5,708
- Financial charges +€468
up €468 (+24.1%), from €1,941 to €2,410
- Staff costs -€238
no longer reported in 2025 (was €238)
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 | €97,928 | €91,085 | -€6,843 | -7.0% |
| Fixed assets | 21/28 | €14,692 | €8,984 | -€5,708 | -38.9% |
| Tangible fixed assets | 22/27 | €14,692 | €8,984 | -€5,708 | -38.9% |
| Plant, machinery and equipment | 23 | €14,692 | €8,984 | -€5,708 | -38.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €83,235 | €82,101 | -€1,135 | -1.4% |
| Stocks and contracts in progress | 3 | €56,381 | €49,491 | -€6,890 | -12.2% |
| Stocks | 30/36 | €56,381 | €49,491 | -€6,890 | -12.2% |
| Amounts receivable within one year | 40/41 | €24,031 | €20,978 | -€3,054 | -12.7% |
| Trade receivables | 40 | €10,771 | €18,782 | +€8,012 | +74.4% |
| Other amounts receivable | 41 | €13,261 | €2,196 | -€11,065 | -83.4% |
| Current investments | 50/53 | €523 | €17 | -€505 | -96.7% |
| Cash at bank and in hand | 54/58 | €2,300 | €0 | -€2,300 | -100% |
| Deferred charges and accrued income | 490/1 | - | €11,614 | +€11,614 | |
| Total equity and liabilities | 10/49 | €97,928 | €91,085 | -€6,843 | -7.0% |
| Equity | 10/15 | -€12,187 | -€35,427 | -€23,240 | -191% |
| Contributions | 10/11 | €42,900 | €42,900 | = | 0.0% |
| Reserves | 13 | €66,746 | €66,746 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,571 | €2,571 | = | 0.0% |
| Distributable reserves | 133 | €64,176 | €64,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,833 | -€145,073 | -€23,240 | -19.1% |
| Amounts payable | 17/49 | €110,115 | €126,512 | +€16,397 | +14.9% |
| Amounts payable within one year | 42/48 | €110,115 | €126,512 | +€16,397 | +14.9% |
| Financial debts | 43 | - | €8,869 | +€8,869 | |
| Credit institutions | 430/8 | - | €8,869 | +€8,869 | |
| Trade debts | 44 | €8,808 | €4,338 | -€4,470 | -50.7% |
| Suppliers | 440/4 | €8,808 | €4,338 | -€4,470 | -50.7% |
| Advances received on contracts in progress | 46 | €7,140 | - | -€7,140 | |
| Other amounts payable | 47/48 | €94,167 | €113,305 | +€19,138 | +20.3% |
| Remuneration, social security and pensions | 62 | €238 | - | -€238 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,206 | €5,708 | -€1,498 | -20.8% |
| Other operating charges | 640/8 | €367 | €377 | +€10 | +2.7% |
| Gross operating margin | 9900 | -€17,590 | -€14,745 | +€2,845 | +16.2% |
| Operating profit (loss) | 9901 | -€25,401 | -€20,830 | +€4,571 | +18.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,941 | €2,410 | +€468 | +24.1% |
| Recurring financial charges | 65 | €1,941 | €2,410 | +€468 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,342 | -€23,240 | +€4,102 | +15.0% |
| Profit (loss) for the period | 9904 | -€27,342 | -€23,240 | +€4,102 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,342 | -€23,240 | +€4,102 | +15.0% |
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 29 October 2026 via checked.be.