Ladevan: 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.
Ladevan
Largest movements
- Stocks and contracts -€410,868
no longer reported in 2025 (was €410,868)
- Intangible fixed assets -€19,742
down €19,742 (-26.0%), from €75,858 to €56,116
- Deferred charges and accrued income -€10,011
down €10,011 (-100.0%), from €10,012 to €1
- Other debts -€409,465
down €409,465 (-86.0%), from €476,283 to €66,818
- Revaluation surpluses -€59,256
no longer reported in 2025 (was €59,256)
- Profit (loss) carried forward +€26,571
up €26,571 (+28.7%), from -€92,641 to -€66,070
- Gross operating margin +€439,617
up €439,617, from -€41,247 to €398,370
- Other operating charges +€351,887
new in 2025: €351,887
- Depreciation +€13,460
up €13,460 (+214.3%), from €6,282 to €19,742
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 | €505,972 | €63,438 | -€442,534 | -87.5% |
| Fixed assets | 21/28 | €75,978 | €56,236 | -€19,742 | -26.0% |
| Intangible fixed assets | 21 | €75,858 | €56,116 | -€19,742 | -26.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €429,994 | €7,202 | -€422,791 | -98.3% |
| Stocks and contracts in progress | 3 | €410,868 | - | -€410,868 | |
| Stocks | 30/36 | €410,868 | - | -€410,868 | |
| Amounts receivable within one year | 40/41 | €8,997 | €7,146 | -€1,851 | -20.6% |
| Trade receivables | 40 | €4,368 | €4,368 | = | 0.0% |
| Other amounts receivable | 41 | €4,629 | €2,778 | -€1,851 | -40.0% |
| Cash at bank and in hand | 54/58 | €116 | €56 | -€61 | -52.2% |
| Deferred charges and accrued income | 490/1 | €10,012 | €1 | -€10,011 | -100.0% |
| Total equity and liabilities | 10/49 | €505,972 | €63,438 | -€442,534 | -87.5% |
| Equity | 10/15 | €29,304 | -€3,380 | -€32,685 | |
| Contributions | 10/11 | €61,974 | €61,974 | = | 0.0% |
| Capital | 10 | €61,974 | €61,974 | = | 0.0% |
| Issued capital | 100 | €61,974 | €61,974 | = | 0.0% |
| Revaluation surpluses | 12 | €59,256 | - | -€59,256 | |
| Reserves | 13 | €716 | €716 | = | 0.0% |
| Non-distributable reserves | 130/1 | €716 | €716 | = | 0.0% |
| Legal reserve | 130 | €716 | €716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,641 | -€66,070 | +€26,571 | +28.7% |
| Amounts payable | 17/49 | €476,667 | €66,818 | -€409,849 | -86.0% |
| Amounts payable within one year | 42/48 | €476,667 | €66,818 | -€409,849 | -86.0% |
| Trade debts | 44 | €384 | - | -€384 | |
| Suppliers | 440/4 | €384 | - | -€384 | |
| Other amounts payable | 47/48 | €476,283 | €66,818 | -€409,465 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,282 | €19,742 | +€13,460 | +214.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €400 | - | -€400 | |
| Other operating charges | 640/8 | - | €351,887 | +€351,887 | |
| Operating charges capitalised as restructuring costs | 649 | -€7,013 | - | +€7,013 | |
| Gross operating margin | 9900 | -€41,247 | €398,370 | +€439,617 | |
| Operating profit (loss) | 9901 | -€40,916 | €26,741 | +€67,657 | |
| Financial charges | 65/66B | €238 | €170 | -€67 | -28.4% |
| Recurring financial charges | 65 | €238 | €170 | -€67 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€41,153 | €26,571 | +€67,724 | |
| Profit (loss) for the period | 9904 | -€41,153 | €26,571 | +€67,724 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,153 | €26,571 | +€67,724 |
Source: filed annual accounts (NBB), fiscal years ended 29 December 2024 and 29 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.