LADAS LAZ: 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.
LADAS LAZ
Largest movements
- Cash -€46,298
down €46,298 (-74.8%), from €61,931 to €15,632
mainly Advances received (-€110,000) and Investment in fixed assets (net) (-€17,719)
- Tangible fixed assets +€12,740
up €12,740 (+138%), from €9,224 to €21,964
of which Furniture and vehicles: +€13,495
- Stocks and contracts -€8,623
down €8,623 (-26.3%), from €32,741 to €24,118
- Receivables within one year -€7,666
down €7,666 (-3.5%), from €216,809 to €209,143
of which Other amounts receivable: -€3,974
- Advances received -€110,000
down €110,000 (-61.2%), from €179,795 to €69,795
- Profit (loss) carried forward +€44,645
up €44,645 (+62.9%), from €70,965 to €115,611
- Accrued charges and deferred income +€20,906
up €20,906 (+557%), from €3,750 to €24,656
- Trade debts -€4,293
down €4,293 (-13.7%), from €31,342 to €27,049
- Gross operating margin +€37,089
up €37,089 (+87.9%), from €42,212 to €79,301
- Staff costs -€20,180
down €20,180 (-61.0%), from €33,077 to €12,897
- Other operating charges +€2,447
up €2,447 (+25.0%), from €9,801 to €12,248
- Financial charges -€2,419
down €2,419 (-32.6%), from €7,411 to €4,992
- Taxes +€2,000
new in 2021: €2,000
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,618 | €276,362 | -€51,256 | -15.6% |
| Fixed assets | 21/28 | €14,349 | €25,839 | +€11,490 | +80.1% |
| Intangible fixed assets | 21 | €1,250 | - | -€1,250 | |
| Tangible fixed assets | 22/27 | €9,224 | €21,964 | +€12,740 | +138% |
| Plant, machinery and equipment | 23 | €2,035 | €1,280 | -€755 | -37.1% |
| Furniture and vehicles | 24 | €7,189 | €20,684 | +€13,495 | +188% |
| Financial fixed assets | 28 | €3,875 | €3,875 | = | 0.0% |
| Current assets | 29/58 | €313,269 | €250,523 | -€62,746 | -20.0% |
| Stocks and contracts in progress | 3 | €32,741 | €24,118 | -€8,623 | -26.3% |
| Stocks | 30/36 | €32,741 | €24,118 | -€8,623 | -26.3% |
| Amounts receivable within one year | 40/41 | €216,809 | €209,143 | -€7,666 | -3.5% |
| Trade receivables | 40 | €152,411 | €148,720 | -€3,691 | -2.4% |
| Other amounts receivable | 41 | €64,397 | €60,423 | -€3,974 | -6.2% |
| Cash at bank and in hand | 54/58 | €61,931 | €15,632 | -€46,298 | -74.8% |
| Deferred charges and accrued income | 490/1 | €1,788 | €1,629 | -€159 | -8.9% |
| Total equity and liabilities | 10/49 | €327,618 | €276,362 | -€51,256 | -15.6% |
| Equity | 10/15 | €79,025 | €123,671 | +€44,645 | +56.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,965 | €115,611 | +€44,645 | +62.9% |
| Amounts payable | 17/49 | €248,593 | €152,691 | -€95,901 | -38.6% |
| Amounts payable within one year | 42/48 | €244,843 | €128,036 | -€116,807 | -47.7% |
| Trade debts | 44 | €31,342 | €27,049 | -€4,293 | -13.7% |
| Suppliers | 440/4 | €31,342 | €27,049 | -€4,293 | -13.7% |
| Advances received on contracts in progress | 46 | €179,795 | €69,795 | -€110,000 | -61.2% |
| Taxes, remuneration and social security | 45 | €33,705 | €31,191 | -€2,514 | -7.5% |
| Taxes | 450/3 | €28,578 | €30,343 | +€1,765 | +6.2% |
| Remuneration and social security | 454/9 | €5,127 | €848 | -€4,279 | -83.5% |
| Accrued charges and deferred income | 492/3 | €3,750 | €24,656 | +€20,906 | +557% |
| Remuneration, social security and pensions | 62 | €33,077 | €12,897 | -€20,180 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,424 | €6,229 | +€1,805 | +40.8% |
| Other operating charges | 640/8 | €9,801 | €12,248 | +€2,447 | +25.0% |
| Gross operating margin | 9900 | €42,212 | €79,301 | +€37,089 | +87.9% |
| Operating profit (loss) | 9901 | -€5,090 | €47,928 | +€53,018 | |
| Financial income | 75/76B | €2,958 | €3,710 | +€752 | +25.4% |
| Recurring financial income | 75 | €2,958 | €3,710 | +€752 | +25.4% |
| Financial charges | 65/66B | €7,411 | €4,992 | -€2,419 | -32.6% |
| Recurring financial charges | 65 | €7,411 | €4,992 | -€2,419 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,543 | €46,645 | +€56,189 | |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | -€9,543 | €44,645 | +€54,189 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,543 | €44,645 | +€54,189 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.