LADAKH: 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.
LADAKH
Largest movements
- Tangible fixed assets -€2,215
down €2,215 (-24.5%), from €9,044 to €6,829
- Cash -€734
down €734 (-30.0%), from €2,445 to €1,711
mainly Net result for the year (-€43,953) and Trade debts (-€2,475)
- Profit (loss) carried forward -€43,953
down €43,953 (-50.5%), from -€86,967 to -€130,920
- Other debts +€42,292
up €42,292 (+119%), from €35,518 to €77,810
- Trade debts -€2,475
down €2,475 (-41.4%), from €5,982 to €3,507
- Tax, wage and social debts +€1,187
up €1,187 (+25.7%), from €4,625 to €5,812
of which Taxes: +€2,982
- Gross operating margin +€5,102
up €5,102 (+17.0%), from -€29,952 to -€24,850
- Staff costs -€1,729
down €1,729 (-9.5%), from €18,209 to €16,480
- Other operating charges -€389
down €389 (-63.3%), from €615 to €226
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,558 | €8,609 | -€2,949 | -25.5% |
| Fixed assets | 21/28 | €9,044 | €6,829 | -€2,215 | -24.5% |
| Tangible fixed assets | 22/27 | €9,044 | €6,829 | -€2,215 | -24.5% |
| Plant, machinery and equipment | 23 | €1,133 | €318 | -€815 | -71.9% |
| Furniture and vehicles | 24 | €1,390 | €839 | -€551 | -39.6% |
| Other tangible fixed assets | 26 | €6,521 | €5,672 | -€849 | -13.0% |
| Current assets | 29/58 | €2,514 | €1,780 | -€734 | -29.2% |
| Amounts receivable within one year | 40/41 | €68 | €68 | = | 0.0% |
| Other amounts receivable | 41 | €68 | €68 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,445 | €1,711 | -€734 | -30.0% |
| Total equity and liabilities | 10/49 | €11,558 | €8,609 | -€2,949 | -25.5% |
| Equity | 10/15 | -€74,567 | -€118,520 | -€43,953 | -58.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,967 | -€130,920 | -€43,953 | -50.5% |
| Amounts payable | 17/49 | €86,124 | €127,129 | +€41,004 | +47.6% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,124 | €87,129 | +€41,004 | +88.9% |
| Trade debts | 44 | €5,982 | €3,507 | -€2,475 | -41.4% |
| Suppliers | 440/4 | €5,982 | €3,507 | -€2,475 | -41.4% |
| Taxes, remuneration and social security | 45 | €4,625 | €5,812 | +€1,187 | +25.7% |
| Taxes | 450/3 | €2,283 | €5,264 | +€2,982 | +131% |
| Remuneration and social security | 454/9 | €2,342 | €548 | -€1,794 | -76.6% |
| Other amounts payable | 47/48 | €35,518 | €77,810 | +€42,292 | +119% |
| Remuneration, social security and pensions | 62 | €18,209 | €16,480 | -€1,729 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,927 | €2,215 | +€288 | +15.0% |
| Other operating charges | 640/8 | €615 | €226 | -€389 | -63.3% |
| Gross operating margin | 9900 | -€29,952 | -€24,850 | +€5,102 | +17.0% |
| Operating profit (loss) | 9901 | -€50,704 | -€43,772 | +€6,932 | +13.7% |
| Financial income | 75/76B | €234 | - | -€234 | |
| Recurring financial income | 75 | €234 | - | -€234 | |
| Financial charges | 65/66B | €166 | €182 | +€16 | +9.6% |
| Recurring financial charges | 65 | €166 | €182 | +€16 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€50,635 | -€43,953 | +€6,682 | +13.2% |
| Profit (loss) for the period | 9904 | -€50,635 | -€43,953 | +€6,682 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,635 | -€43,953 | +€6,682 | +13.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.