L.A.D: 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.
L.A.D
Largest movements
- Cash +€23,100
up €23,100 (+60.3%), from €38,303 to €61,402
mainly Other debts (+€34,469) and Net result for the year (+€28,699)
- Tangible fixed assets +€4,598
up €4,598 (+96.8%), from €4,750 to €9,348
of which Plant, machinery and equipment: +€3,694
- Other debts +€34,469
up €34,469 (+5217.8%), from €661 to €35,130
- Profit (loss) carried forward -€6,301
down €6,301 (-41.0%), from €15,350 to €9,050
- Trade debts -€3,415
down €3,415 (-77.2%), from €4,424 to €1,009
- Tax, wage and social debts +€1,895
up €1,895 (+18.1%), from €10,445 to €12,340
of which Taxes: +€1,895
- Debts after one year +€1,533
up €1,533, from €0 to €1,533
- Gross operating margin +€39,462
up €39,462 (+979.4%), from €4,029 to €43,492
- Taxes +€9,774
up €9,774 (+3259.5%), from €300 to €10,074
- Staff costs -€1,920
down €1,920 (-100.0%), from €1,920 to €0
- Other operating charges -€717
down €717 (-41.6%), from €1,722 to €1,005
- Depreciation -€565
down €565 (-13.7%), from €4,126 to €3,562
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 | €52,056 | €78,839 | +€26,783 | +51.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,070 | €9,348 | +€4,278 | +84.4% |
| Intangible fixed assets | 21 | €320 | €0 | -€320 | -100.0% |
| Tangible fixed assets | 22/27 | €4,750 | €9,348 | +€4,598 | +96.8% |
| Plant, machinery and equipment | 23 | €0 | €3,694 | +€3,694 | |
| Furniture and vehicles | 24 | €4,750 | €5,654 | +€904 | +19.0% |
| Current assets | 29/58 | €46,985 | €69,491 | +€22,505 | +47.9% |
| Stocks and contracts in progress | 3 | €160 | €160 | = | 0.0% |
| Stocks | 30/36 | €160 | €160 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,009 | €7,423 | -€586 | -7.3% |
| Trade receivables | 40 | €6,809 | €6,292 | -€517 | -7.6% |
| Other amounts receivable | 41 | €1,200 | €1,131 | -€69 | -5.8% |
| Cash at bank and in hand | 54/58 | €38,303 | €61,402 | +€23,100 | +60.3% |
| Deferred charges and accrued income | 490/1 | €513 | €505 | -€8 | -1.6% |
| Total equity and liabilities | 10/49 | €52,056 | €78,839 | +€26,783 | +51.5% |
| Equity | 10/15 | €33,950 | €27,650 | -€6,301 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,350 | €9,050 | -€6,301 | -41.0% |
| Amounts payable | 17/49 | €18,105 | €51,189 | +€33,084 | +182.7% |
| Amounts payable after more than one year | 17 | €0 | €1,533 | +€1,533 | |
| Financial debts | 170/4 | €0 | €1,533 | +€1,533 | |
| Amounts payable within one year | 42/48 | €18,105 | €49,656 | +€31,551 | +174.3% |
| Current portion of amounts payable after more than one year | 42 | €2,575 | €1,177 | -€1,399 | -54.3% |
| Trade debts | 44 | €4,424 | €1,009 | -€3,415 | -77.2% |
| Suppliers | 440/4 | €4,424 | €1,009 | -€3,415 | -77.2% |
| Taxes, remuneration and social security | 45 | €10,445 | €12,340 | +€1,895 | +18.1% |
| Taxes | 450/3 | €10,445 | €12,340 | +€1,895 | +18.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €661 | €35,130 | +€34,469 | +5217.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,920 | €0 | -€1,920 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,126 | €3,562 | -€565 | -13.7% |
| Other operating charges | 640/8 | €1,722 | €1,005 | -€717 | -41.6% |
| Gross operating margin | 9900 | €4,029 | €43,492 | +€39,462 | +979.4% |
| Operating profit (loss) | 9901 | -€3,739 | €38,925 | +€42,664 | |
| Financial income | 75/76B | €0 | €12 | +€12 | +10241.7% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +10241.7% |
| Financial charges | 65/66B | €53 | €164 | +€111 | +209.0% |
| Recurring financial charges | 65 | €53 | €164 | +€111 | +209.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,792 | €38,773 | +€42,565 | |
| Income taxes | 67/77 | €300 | €10,074 | +€9,774 | +3259.5% |
| Profit (loss) for the period | 9904 | -€4,092 | €28,699 | +€32,791 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,092 | €28,699 | +€32,791 |
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 4 October 2026 via checked.be.