LADECAU: 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.
LADECAU
Largest movements
- Tangible fixed assets -€15,098
down €15,098 (-6.2%), from €244,581 to €229,483
of which Plant, machinery and equipment: -€8,162
- Cash -€11,438
down €11,438 (-83.8%), from €13,643 to €2,205
mainly Net result for the year (-€14,321) and Debts after one year (-€13,203)
- Profit (loss) carried forward -€14,321
down €14,321 (-53.6%), from -€26,735 to -€41,055
- Debts after one year -€13,203
down €13,203 (-4.7%), from €278,673 to €265,470
- Gross operating margin +€16,560
up €16,560, from -€3,715 to €12,845
- Depreciation +€4,153
up €4,153 (+36.5%), from €11,387 to €15,540
- Other operating charges -€1,377
down €1,377 (-42.1%), from €3,272 to €1,894
- Financial charges +€1,370
up €1,370 (+16.4%), from €8,361 to €9,731
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.
Derived cash bridge
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 | €265,089 | €239,297 | -€25,792 | -9.7% |
| Formation expenses | 20 | €1,814 | €1,372 | -€442 | -24.4% |
| Fixed assets | 21/28 | €244,581 | €229,483 | -€15,098 | -6.2% |
| Tangible fixed assets | 22/27 | €244,581 | €229,483 | -€15,098 | -6.2% |
| Land and buildings | 22 | €171,120 | €164,673 | -€6,447 | -3.8% |
| Plant, machinery and equipment | 23 | €71,327 | €63,165 | -€8,162 | -11.4% |
| Furniture and vehicles | 24 | €2,134 | €1,645 | -€489 | -22.9% |
| Current assets | 29/58 | €18,694 | €8,442 | -€10,252 | -54.8% |
| Amounts receivable within one year | 40/41 | €5,051 | €6,017 | +€966 | +19.1% |
| Trade receivables | 40 | €3,136 | €6,017 | +€2,881 | +91.9% |
| Other amounts receivable | 41 | €1,915 | - | -€1,915 | |
| Cash at bank and in hand | 54/58 | €13,643 | €2,205 | -€11,438 | -83.8% |
| Deferred charges and accrued income | 490/1 | - | €220 | +€220 | |
| Total equity and liabilities | 10/49 | €265,089 | €239,297 | -€25,792 | -9.7% |
| Equity | 10/15 | -€26,435 | -€40,755 | -€14,321 | -54.2% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,735 | -€41,055 | -€14,321 | -53.6% |
| Amounts payable | 17/49 | €291,524 | €280,052 | -€11,471 | -3.9% |
| Amounts payable after more than one year | 17 | €278,673 | €265,470 | -€13,203 | -4.7% |
| Financial debts | 170/4 | €278,673 | €265,470 | -€13,203 | -4.7% |
| Amounts payable within one year | 42/48 | €12,851 | €14,583 | +€1,732 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €12,786 | €13,203 | +€417 | +3.3% |
| Trade debts | 44 | €65 | - | -€65 | |
| Suppliers | 440/4 | €65 | - | -€65 | |
| Taxes, remuneration and social security | 45 | - | €1,380 | +€1,380 | |
| Taxes | 450/3 | - | €1,380 | +€1,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,387 | €15,540 | +€4,153 | +36.5% |
| Other operating charges | 640/8 | €3,272 | €1,894 | -€1,377 | -42.1% |
| Gross operating margin | 9900 | -€3,715 | €12,845 | +€16,560 | |
| Operating profit (loss) | 9901 | -€18,374 | -€4,589 | +€13,785 | +75.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,361 | €9,731 | +€1,370 | +16.4% |
| Recurring financial charges | 65 | €8,361 | €9,731 | +€1,370 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,735 | -€14,321 | +€12,414 | +46.4% |
| Profit (loss) for the period | 9904 | -€26,735 | -€14,321 | +€12,414 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,735 | -€14,321 | +€12,414 | +46.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.