LADAVID RENOV: what changed
LADAVID RENOV
Largest movements
- Receivables within one year -€108,217
down €108,217 (-78.0%), from €138,706 to €30,489
of which Trade receivables: -€106,492
- Deferred charges and accrued income -€5,228
down €5,228 (-52.5%), from €9,965 to €4,737
- Cash +€4,718
up €4,718 (+25.2%), from €18,752 to €23,470
mainly Receivables within one year (+€108,217) and Deferred charges and accrued income (+€5,228)
- Tangible fixed assets +€3,320
up €3,320 (+65.1%), from €5,096 to €8,416
of which Plant, machinery and equipment: +€4,002
- Trade debts -€53,900
down €53,900 (-99.2%), from €54,322 to €422
of which Suppliers: -€53,103
- Accrued charges and deferred income -€43,842
down €43,842 (-95.2%), from €46,063 to €2,221
- Tax, wage and social debts -€5,083
down €5,083 (-89.6%), from €5,672 to €589
- Advances received -€3,000
no longer reported in 2025 (was €3,000)
- Gross operating margin -€76,946
down €76,946 (-93.7%), from €82,135 to €5,189
- Taxes -€15,362
down €15,362 (-97.1%), from €15,823 to €461
- Financial charges -€2,638
down €2,638 (-95.1%), from €2,774 to €136
- Depreciation +€2,374
up €2,374 (+233%), from €1,018 to €3,391
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,115 | €67,112 | -€106,003 | -61.2% |
| Fixed assets | 21/28 | €5,692 | €8,416 | +€2,723 | +47.8% |
| Intangible fixed assets | 21 | €596 | - | -€596 | |
| Tangible fixed assets | 22/27 | €5,096 | €8,416 | +€3,320 | +65.1% |
| Plant, machinery and equipment | 23 | - | €4,002 | +€4,002 | |
| Furniture and vehicles | 24 | €5,096 | €4,414 | -€682 | -13.4% |
| Current assets | 29/58 | €167,423 | €58,696 | -€108,727 | -64.9% |
| Amounts receivable within one year | 40/41 | €138,706 | €30,489 | -€108,217 | -78.0% |
| Trade receivables | 40 | €119,535 | €13,042 | -€106,492 | -89.1% |
| Other amounts receivable | 41 | €19,171 | €17,447 | -€1,725 | -9.0% |
| Cash at bank and in hand | 54/58 | €18,752 | €23,470 | +€4,718 | +25.2% |
| Deferred charges and accrued income | 490/1 | €9,965 | €4,737 | -€5,228 | -52.5% |
| Total equity and liabilities | 10/49 | €173,115 | €67,112 | -€106,003 | -61.2% |
| Equity | 10/15 | €64,058 | €63,880 | -€178 | -0.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,058 | €61,880 | -€178 | -0.3% |
| Amounts payable | 17/49 | €109,057 | €3,232 | -€105,826 | -97.0% |
| Amounts payable within one year | 42/48 | €62,994 | €1,011 | -€61,983 | -98.4% |
| Trade debts | 44 | €54,322 | €422 | -€53,900 | -99.2% |
| Suppliers | 440/4 | €53,389 | €286 | -€53,103 | -99.5% |
| Bills of exchange payable | 441 | €933 | €136 | -€797 | -85.4% |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €5,672 | €589 | -€5,083 | -89.6% |
| Taxes | 450/3 | €5,672 | €589 | -€5,083 | -89.6% |
| Other amounts payable | 47/48 | - | €0 | +€0 | |
| Accrued charges and deferred income | 492/3 | €46,063 | €2,221 | -€43,842 | -95.2% |
| Non-recurring operating income | 76A | €106 | €75 | -€31 | -29.3% |
| Remuneration, social security and pensions | 62 | €164 | €640 | +€476 | +291% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,018 | €3,391 | +€2,374 | +233% |
| Other operating charges | 640/8 | €299 | €738 | +€439 | +147% |
| Gross operating margin | 9900 | €82,135 | €5,189 | -€76,946 | -93.7% |
| Operating profit (loss) | 9901 | €80,655 | €419 | -€80,235 | -99.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +300% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +300% |
| Financial charges | 65/66B | €2,774 | €136 | -€2,638 | -95.1% |
| Recurring financial charges | 65 | €2,774 | €136 | -€2,638 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €77,881 | €284 | -€77,597 | -99.6% |
| Income taxes | 67/77 | €15,823 | €461 | -€15,362 | -97.1% |
| Profit (loss) for the period | 9904 | €62,058 | -€178 | -€62,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,058 | -€178 | -€62,235 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.