LADEVO: 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.
LADEVO
Largest movements
- Cash -€98,668
down €98,668 (-49.5%), from €199,337 to €100,669
mainly Other debts (-€149,769) and Investment in fixed assets (net) (-€45,742)
- Stocks and contracts -€29,564
down €29,564 (-9.6%), from €306,590 to €277,026
- Receivables within one year -€16,911
down €16,911 (-24.9%), from €67,917 to €51,006
of which Trade receivables: -€25,250
- Tangible fixed assets -€14,986
down €14,986 (-5.6%), from €267,014 to €252,029
of which Land and buildings: -€56,773
- Other debts -€149,769
down €149,769 (-30.8%), from €486,341 to €336,572
- Reserves +€40,436
up €40,436 (+22.9%), from €176,732 to €217,168
of which Distributable reserves: +€40,436
- Current portion of long-term debt -€22,105
down €22,105 (-100.0%), from €22,105 to €0
- Tax, wage and social debts -€16,556
down €16,556 (-97.6%), from €16,960 to €404
- Trade debts -€12,136
down €12,136 (-15.4%), from €78,721 to €66,586
- Gross operating margin -€187,382
down €187,382 (-59.7%), from €314,072 to €126,690
- Depreciation -€20,646
down €20,646 (-25.4%), from €81,373 to €60,727
- Taxes -€14,496
down €14,496 (-43.1%), from €33,658 to €19,162
- Other operating charges -€3,389
down €3,389 (-31.7%), from €10,679 to €7,290
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 | €840,859 | €680,730 | -€160,129 | -19.0% |
| Fixed assets | 21/28 | €267,014 | €252,029 | -€14,986 | -5.6% |
| Tangible fixed assets | 22/27 | €267,014 | €252,029 | -€14,986 | -5.6% |
| Land and buildings | 22 | €263,178 | €206,405 | -€56,773 | -21.6% |
| Plant, machinery and equipment | 23 | €3,836 | €2,636 | -€1,200 | -31.3% |
| Furniture and vehicles | 24 | €0 | €42,988 | +€42,988 | |
| Current assets | 29/58 | €573,845 | €428,701 | -€145,144 | -25.3% |
| Stocks and contracts in progress | 3 | €306,590 | €277,026 | -€29,564 | -9.6% |
| Stocks | 30/36 | €306,590 | €277,026 | -€29,564 | -9.6% |
| Amounts receivable within one year | 40/41 | €67,917 | €51,006 | -€16,911 | -24.9% |
| Trade receivables | 40 | €67,817 | €42,567 | -€25,250 | -37.2% |
| Other amounts receivable | 41 | €101 | €8,439 | +€8,338 | +8288.4% |
| Cash at bank and in hand | 54/58 | €199,337 | €100,669 | -€98,668 | -49.5% |
| Total equity and liabilities | 10/49 | €840,859 | €680,730 | -€160,129 | -19.0% |
| Equity | 10/15 | €236,732 | €277,168 | +€40,436 | +17.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €176,732 | €217,168 | +€40,436 | +22.9% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €170,732 | €211,168 | +€40,436 | +23.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €604,127 | €403,562 | -€200,565 | -33.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €604,127 | €403,562 | -€200,565 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €22,105 | €0 | -€22,105 | -100.0% |
| Trade debts | 44 | €78,721 | €66,586 | -€12,136 | -15.4% |
| Suppliers | 440/4 | €78,721 | €66,586 | -€12,136 | -15.4% |
| Taxes, remuneration and social security | 45 | €16,960 | €404 | -€16,556 | -97.6% |
| Taxes | 450/3 | €16,960 | €404 | -€16,556 | -97.6% |
| Other amounts payable | 47/48 | €486,341 | €336,572 | -€149,769 | -30.8% |
| Non-recurring operating income | 76A | - | €1,357 | +€1,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,373 | €60,727 | -€20,646 | -25.4% |
| Other operating charges | 640/8 | €10,679 | €7,290 | -€3,389 | -31.7% |
| Gross operating margin | 9900 | €314,072 | €126,690 | -€187,382 | -59.7% |
| Operating profit (loss) | 9901 | €222,020 | €58,672 | -€163,348 | -73.6% |
| Financial income | 75/76B | €1,642 | €1,093 | -€549 | -33.5% |
| Recurring financial income | 75 | €1,642 | €1,093 | -€549 | -33.5% |
| Financial charges | 65/66B | €1,093 | €167 | -€926 | -84.7% |
| Recurring financial charges | 65 | €1,093 | €167 | -€926 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €222,569 | €59,598 | -€162,971 | -73.2% |
| Income taxes | 67/77 | €33,658 | €19,162 | -€14,496 | -43.1% |
| Profit (loss) for the period | 9904 | €188,911 | €40,436 | -€148,475 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €188,911 | €40,436 | -€148,475 | -78.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.