LADIMA: 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.
LADIMA
Largest movements
- Receivables within one year +€11,800
up €11,800 (+3.9%), from €304,006 to €315,806
of which Other amounts receivable: +€47,129
- Tangible fixed assets -€9,635
down €9,635 (-15.6%), from €61,687 to €52,051
of which Other tangible fixed assets: -€8,656
- Cash +€6,535
up €6,535 (+26.1%), from €25,024 to €31,559
mainly Net result for the year (+€72,073) and Depreciation (+€9,635)
- Reserves +€70,000
up €70,000 (+44.3%), from €158,000 to €228,000
- Trade debts -€41,350
down €41,350 (-53.4%), from €77,445 to €36,095
- Tax, wage and social debts -€17,300
down €17,300 (-12.2%), from €142,196 to €124,896
of which Taxes: -€18,786
- Taxes -€22,079
down €22,079 (-38.2%), from €57,781 to €35,702
- Gross operating margin +€14,124
up €14,124 (+5.3%), from €267,419 to €281,543
- Staff costs +€12,996
up €12,996 (+8.4%), from €155,537 to €168,533
- Financial charges -€7,523
down €7,523 (-66.8%), from €11,264 to €3,740
- Other operating charges -€4,771
down €4,771 (-46.7%), from €10,224 to €5,453
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 | €411,491 | €422,349 | +€10,858 | +2.6% |
| Fixed assets | 21/28 | €61,802 | €52,166 | -€9,635 | -15.6% |
| Tangible fixed assets | 22/27 | €61,687 | €52,051 | -€9,635 | -15.6% |
| Furniture and vehicles | 24 | €2,874 | €1,894 | -€980 | -34.1% |
| Other tangible fixed assets | 26 | €58,813 | €50,157 | -€8,656 | -14.7% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €349,689 | €370,183 | +€20,493 | +5.9% |
| Stocks and contracts in progress | 3 | €1,555 | €1,745 | +€190 | +12.2% |
| Stocks | 30/36 | €1,555 | €1,745 | +€190 | +12.2% |
| Amounts receivable within one year | 40/41 | €304,006 | €315,806 | +€11,800 | +3.9% |
| Trade receivables | 40 | €87,197 | €51,868 | -€35,329 | -40.5% |
| Other amounts receivable | 41 | €216,809 | €263,938 | +€47,129 | +21.7% |
| Cash at bank and in hand | 54/58 | €25,024 | €31,559 | +€6,535 | +26.1% |
| Deferred charges and accrued income | 490/1 | €19,105 | €21,073 | +€1,968 | +10.3% |
| Total equity and liabilities | 10/49 | €411,491 | €422,349 | +€10,858 | +2.6% |
| Equity | 10/15 | €182,584 | €254,658 | +€72,073 | +39.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €158,000 | €228,000 | +€70,000 | +44.3% |
| Distributable reserves | 133 | €158,000 | €228,000 | +€70,000 | +44.3% |
| Profit (loss) carried forward | 14 | €5,584 | €7,658 | +€2,073 | +37.1% |
| Amounts payable | 17/49 | €228,907 | €167,692 | -€61,215 | -26.7% |
| Amounts payable after more than one year | 17 | €1,301 | - | -€1,301 | |
| Financial debts | 170/4 | €1,301 | - | -€1,301 | |
| Amounts payable within one year | 42/48 | €227,606 | €167,692 | -€59,914 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €2,565 | €1,301 | -€1,264 | -49.3% |
| Trade debts | 44 | €77,445 | €36,095 | -€41,350 | -53.4% |
| Suppliers | 440/4 | €77,445 | €36,095 | -€41,350 | -53.4% |
| Taxes, remuneration and social security | 45 | €142,196 | €124,896 | -€17,300 | -12.2% |
| Taxes | 450/3 | €117,671 | €98,885 | -€18,786 | -16.0% |
| Remuneration and social security | 454/9 | €24,525 | €26,011 | +€1,486 | +6.1% |
| Other amounts payable | 47/48 | €5,400 | €5,400 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €155,537 | €168,533 | +€12,996 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,968 | €9,635 | +€668 | +7.4% |
| Other operating charges | 640/8 | €10,224 | €5,453 | -€4,771 | -46.7% |
| Non-recurring operating charges | 66A | €10,151 | - | -€10,151 | |
| Gross operating margin | 9900 | €267,419 | €281,543 | +€14,124 | +5.3% |
| Operating profit (loss) | 9901 | €82,540 | €97,922 | +€15,382 | +18.6% |
| Financial income | 75/76B | €14,745 | €13,594 | -€1,151 | -7.8% |
| Recurring financial income | 75 | €14,745 | €13,594 | -€1,151 | -7.8% |
| Financial charges | 65/66B | €11,264 | €3,740 | -€7,523 | -66.8% |
| Recurring financial charges | 65 | €11,264 | €3,740 | -€7,523 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €86,022 | €107,775 | +€21,754 | +25.3% |
| Income taxes | 67/77 | €57,781 | €35,702 | -€22,079 | -38.2% |
| Profit (loss) for the period | 9904 | €28,241 | €72,073 | +€43,832 | +155.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,241 | €72,073 | +€43,832 | +155.2% |
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 10 October 2026 via checked.be.