LADAVID: 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.
What changed
LADAVID
NACE 47.784, Retail sale of souvenirs and religious articles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€7,456
2024 · -€13,636+€6,180
Equity
€213,619
2024 · €221,075-€7,456
Cash
€16,530
2024 · €20,168-€3,638
Balance sheet total
€764,153
2024 · €791,781-€27,628
Largest movements
Assets
- Tangible fixed assets -€15,751
down €15,751 (-3.1%), from €513,436 to €497,685
of which Land and buildings: -€38,692
Equity and liabilities
- Debts after one year -€15,678
down €15,678 (-4.5%), from €350,427 to €334,749
of which Financial debts: -€23,056
Income statement
- Staff costs -€12,678
down €12,678 (-42.7%), from €29,666 to €16,988
- Financial charges +€7,353
up €7,353 (+83.5%), from €8,810 to €16,163
of which Financial charges: +€7,474
- Gross operating margin +€4,093
up €4,093 (+4.8%), from €85,690 to €89,783
- Depreciation +€1,294
up €1,294 (+2.5%), from €51,422 to €52,716
- Other operating charges +€1,125
up €1,125 (+11.2%), from €10,020 to €11,145
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.
Result 2024
-€13,636
Gross operating margin
+€4,093
Staff costs
+€12,678
Depreciation
-€1,294
Other operating charges
-€1,125
Other operating items
-€227
Financial income
-€592
Financial charges
-€7,353
Result 2025
-€7,456
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.
From operations
+€42,984
Investment
-€36,965
Financing
-€9,657
Cash 2024
€20,168
From operations (derived)
+€42,984
Net result for the year
-€7,456
Depreciation
+€52,716
Stocks and contracts
+€4,610
Receivables within one year
+€1,934
Deferred charges and accrued income
+€1,695
Trade debts
-€3,753
Tax, wage and social debts
-€5,637
Other debts
-€1,125
Investment (derived)
-€36,965
Investment in fixed assets (net)
-€36,965
Financing
-€9,657
Debts after one year
-€15,678
Current portion of long-term debt
+€6,021
Cash 2025
€16,530
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €791,781 | €764,153 | -€27,628 | -3.5% |
| Fixed assets | 21/28 | €513,936 | €498,185 | -€15,751 | -3.1% |
| Tangible fixed assets | 22/27 | €513,436 | €497,685 | -€15,751 | -3.1% |
| Land and buildings | 22 | €512,052 | €473,360 | -€38,692 | -7.6% |
| Furniture and vehicles | 24 | €1,384 | €24,325 | +€22,941 | +1657.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €277,845 | €265,968 | -€11,877 | -4.3% |
| Stocks and contracts in progress | 3 | €98,269 | €93,659 | -€4,610 | -4.7% |
| Stocks | 30/36 | €98,269 | €93,659 | -€4,610 | -4.7% |
| Amounts receivable within one year | 40/41 | €154,012 | €152,078 | -€1,934 | -1.3% |
| Trade receivables | 40 | €1,691 | €1,833 | +€142 | +8.4% |
| Other amounts receivable | 41 | €152,321 | €150,245 | -€2,076 | -1.4% |
| Current investments | 50/53 | €368 | €368 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,168 | €16,530 | -€3,638 | -18.0% |
| Deferred charges and accrued income | 490/1 | €5,028 | €3,333 | -€1,695 | -33.7% |
| Total equity and liabilities | 10/49 | €791,781 | €764,153 | -€27,628 | -3.5% |
| Equity | 10/15 | €221,075 | €213,619 | -€7,456 | -3.4% |
| Contributions | 10/11 | €102,035 | €102,035 | = | 0.0% |
| Revaluation surpluses | 12 | €410,000 | €410,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,960 | -€298,416 | -€7,456 | -2.6% |
| Amounts payable | 17/49 | €570,706 | €550,534 | -€20,172 | -3.5% |
| Amounts payable after more than one year | 17 | €350,427 | €334,749 | -€15,678 | -4.5% |
| Financial debts | 170/4 | €171,332 | €148,276 | -€23,056 | -13.5% |
| Other amounts payable | 178/9 | €179,095 | €186,473 | +€7,378 | +4.1% |
| Amounts payable within one year | 42/48 | €220,279 | €215,785 | -€4,494 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €39,189 | €45,210 | +€6,021 | +15.4% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €6,354 | €2,601 | -€3,753 | -59.1% |
| Suppliers | 440/4 | €6,354 | €2,601 | -€3,753 | -59.1% |
| Taxes, remuneration and social security | 45 | €23,611 | €17,974 | -€5,637 | -23.9% |
| Taxes | 450/3 | €13,936 | €14,146 | +€210 | +1.5% |
| Remuneration and social security | 454/9 | €9,675 | €3,828 | -€5,847 | -60.4% |
| Other amounts payable | 47/48 | €1,125 | - | -€1,125 | |
| Non-recurring operating income | 76A | €5,060 | €1,760 | -€3,300 | -65.2% |
| Remuneration, social security and pensions | 62 | €29,666 | €16,988 | -€12,678 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,422 | €52,716 | +€1,294 | +2.5% |
| Other operating charges | 640/8 | €10,020 | €11,145 | +€1,125 | +11.2% |
| Non-recurring operating charges | 66A | - | €227 | +€227 | |
| Gross operating margin | 9900 | €85,690 | €89,783 | +€4,093 | +4.8% |
| Operating profit (loss) | 9901 | -€5,418 | €8,707 | +€14,125 | |
| Financial income | 75/76B | €592 | - | -€592 | |
| Recurring financial income | 75 | €538 | - | -€538 | |
| Non-recurring financial income | 76B | €54 | - | -€54 | |
| Financial charges | 65/66B | €8,810 | €16,163 | +€7,353 | +83.5% |
| Recurring financial charges | 65 | €8,633 | €16,107 | +€7,474 | +86.6% |
| Non-recurring financial charges | 66B | €177 | €56 | -€121 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,636 | -€7,456 | +€6,180 | +45.3% |
| Profit (loss) for the period | 9904 | -€13,636 | -€7,456 | +€6,180 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,636 | -€7,456 | +€6,180 | +45.3% |
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 7 October 2026 via checked.be.