LADDéA GROUP: 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.
LADDéA GROUP
Largest movements
- Cash -€18,261
down €18,261 (-82.8%), from €22,050 to €3,789
mainly Receivables within one year (-€16,774) and Tax, wage and social debts (-€9,948)
- Receivables within one year +€16,774
up €16,774 (+15.9%), from €105,594 to €122,367
of which Other amounts receivable: +€87,677
- Tangible fixed assets -€5,563
down €5,563 (-19.1%), from €29,118 to €23,554
of which Furniture and vehicles: -€8,552
- Current portion of long-term debt +€11,292
up €11,292 (+102.7%), from €10,997 to €22,289
- Tax, wage and social debts -€9,948
down €9,948 (-29.7%), from €33,468 to €23,519
- Trade debts -€6,418
down €6,418 (-49.0%), from €13,086 to €6,668
- Profit (loss) carried forward -€6,014
down €6,014 (-6.1%), from €98,282 to €92,268
- Short-term financial debts +€4,011
new in 2025: €4,011
- Gross operating margin -€31,710
down €31,710 (-50.3%), from €63,083 to €31,373
- Financial charges +€19,327
up €19,327 (+336.3%), from €5,746 to €25,073
- Taxes -€12,587
down €12,587 (-70.7%), from €17,813 to €5,226
- Financial income +€1,429
up €1,429 (+84.5%), from €1,692 to €3,120
- Other operating charges +€714
up €714, from €0 to €714
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 | €156,833 | €149,756 | -€7,077 | -4.5% |
| Fixed assets | 21/28 | €29,118 | €23,554 | -€5,563 | -19.1% |
| Tangible fixed assets | 22/27 | €29,118 | €23,554 | -€5,563 | -19.1% |
| Plant, machinery and equipment | 23 | €1,818 | €4,807 | +€2,989 | +164.4% |
| Furniture and vehicles | 24 | €27,300 | €18,747 | -€8,552 | -31.3% |
| Current assets | 29/58 | €127,715 | €126,202 | -€1,514 | -1.2% |
| Amounts receivable within one year | 40/41 | €105,594 | €122,367 | +€16,774 | +15.9% |
| Trade receivables | 40 | €95,118 | €24,215 | -€70,903 | -74.5% |
| Other amounts receivable | 41 | €10,476 | €98,153 | +€87,677 | +836.9% |
| Cash at bank and in hand | 54/58 | €22,050 | €3,789 | -€18,261 | -82.8% |
| Deferred charges and accrued income | 490/1 | €71 | €45 | -€26 | -36.7% |
| Total equity and liabilities | 10/49 | €156,833 | €149,756 | -€7,077 | -4.5% |
| Equity | 10/15 | €99,282 | €93,268 | -€6,014 | -6.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,282 | €92,268 | -€6,014 | -6.1% |
| Amounts payable | 17/49 | €57,551 | €56,488 | -€1,063 | -1.8% |
| Amounts payable within one year | 42/48 | €57,551 | €56,488 | -€1,063 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €10,997 | €22,289 | +€11,292 | +102.7% |
| Financial debts | 43 | - | €4,011 | +€4,011 | |
| Credit institutions | 430/8 | - | €4,011 | +€4,011 | |
| Trade debts | 44 | €13,086 | €6,668 | -€6,418 | -49.0% |
| Suppliers | 440/4 | €13,086 | €6,668 | -€6,418 | -49.0% |
| Taxes, remuneration and social security | 45 | €33,468 | €23,519 | -€9,948 | -29.7% |
| Taxes | 450/3 | €33,468 | €23,519 | -€9,948 | -29.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,261 | €9,495 | +€234 | +2.5% |
| Other operating charges | 640/8 | €0 | €714 | +€714 | |
| Gross operating margin | 9900 | €63,083 | €31,373 | -€31,710 | -50.3% |
| Operating profit (loss) | 9901 | €53,822 | €21,165 | -€32,657 | -60.7% |
| Financial income | 75/76B | €1,692 | €3,120 | +€1,429 | +84.5% |
| Recurring financial income | 75 | €1,692 | €3,120 | +€1,429 | +84.5% |
| Financial charges | 65/66B | €5,746 | €25,073 | +€19,327 | +336.3% |
| Recurring financial charges | 65 | €5,746 | €25,073 | +€19,327 | +336.3% |
| Profit (loss) for the period before taxes | 9903 | €49,767 | -€788 | -€50,555 | |
| Income taxes | 67/77 | €17,813 | €5,226 | -€12,587 | -70.7% |
| Profit (loss) for the period | 9904 | €31,955 | -€6,014 | -€37,969 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,955 | -€6,014 | -€37,969 |
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 5 October 2026 via checked.be.