LADIRO: 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.
LADIRO
Largest movements
- Tangible fixed assets +€60,870
up €60,870 (+270.9%), from €22,466 to €83,336
of which Furniture and vehicles: +€62,009
- Cash -€20,726
down €20,726 (-20.3%), from €102,214 to €81,488
mainly Contributions, distributions and other (-€89,029) and Investment in fixed assets (net) (-€74,380)
- Receivables within one year +€17,679
up €17,679 (+17.9%), from €98,687 to €116,367
of which Other amounts receivable: +€11,556
- Other debts +€51,702
up €51,702 (+1210.4%), from €4,271 to €55,973
- Profit (loss) carried forward -€50,296
down €50,296 (-31.8%), from €158,186 to €107,890
- Debts after one year +€48,408
up €48,408 (+670.0%), from €7,225 to €55,633
- Current portion of long-term debt +€12,564
up €12,564 (+142.9%), from €8,792 to €21,356
- Trade debts -€5,163
down €5,163 (-17.0%), from €30,287 to €25,124
- Gross operating margin +€26,658
up €26,658 (+60.4%), from €44,103 to €70,761
- Depreciation +€5,502
up €5,502 (+68.7%), from €8,008 to €13,510
- Other operating charges +€2,310
up €2,310 (+66.9%), from €3,451 to €5,761
- Financial charges +€2,291
up €2,291 (+137.1%), from €1,672 to €3,963
- Taxes +€1,943
up €1,943 (+28.3%), from €6,860 to €8,803
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 | €238,171 | €299,979 | +€61,807 | +26.0% |
| Fixed assets | 21/28 | €22,466 | €83,336 | +€60,870 | +270.9% |
| Tangible fixed assets | 22/27 | €22,466 | €83,336 | +€60,870 | +270.9% |
| Plant, machinery and equipment | 23 | €2,873 | €1,734 | -€1,139 | -39.6% |
| Furniture and vehicles | 24 | €19,593 | €81,602 | +€62,009 | +316.5% |
| Current assets | 29/58 | €215,705 | €216,643 | +€937 | +0.4% |
| Stocks and contracts in progress | 3 | €12,963 | €14,630 | +€1,668 | +12.9% |
| Stocks | 30/36 | €12,963 | €14,630 | +€1,668 | +12.9% |
| Amounts receivable within one year | 40/41 | €98,687 | €116,367 | +€17,679 | +17.9% |
| Trade receivables | 40 | €88,513 | €94,637 | +€6,124 | +6.9% |
| Other amounts receivable | 41 | €10,174 | €21,730 | +€11,556 | +113.6% |
| Cash at bank and in hand | 54/58 | €102,214 | €81,488 | -€20,726 | -20.3% |
| Deferred charges and accrued income | 490/1 | €1,841 | €4,157 | +€2,316 | +125.8% |
| Total equity and liabilities | 10/49 | €238,171 | €299,979 | +€61,807 | +26.0% |
| Equity | 10/15 | €178,646 | €128,350 | -€50,296 | -28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,186 | €107,890 | -€50,296 | -31.8% |
| Provisions and deferred taxes | 16 | €3,465 | €3,465 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,465 | €3,465 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,465 | €3,465 | = | 0.0% |
| Amounts payable | 17/49 | €56,061 | €168,164 | +€112,103 | +200.0% |
| Amounts payable after more than one year | 17 | €7,225 | €55,633 | +€48,408 | +670.0% |
| Financial debts | 170/4 | €7,225 | €55,633 | +€48,408 | +670.0% |
| Amounts payable within one year | 42/48 | €48,836 | €112,403 | +€63,567 | +130.2% |
| Current portion of amounts payable after more than one year | 42 | €8,792 | €21,356 | +€12,564 | +142.9% |
| Trade debts | 44 | €30,287 | €25,124 | -€5,163 | -17.0% |
| Suppliers | 440/4 | €30,287 | €25,124 | -€5,163 | -17.0% |
| Taxes, remuneration and social security | 45 | €5,486 | €9,950 | +€4,464 | +81.4% |
| Taxes | 450/3 | €5,486 | €9,950 | +€4,464 | +81.4% |
| Other amounts payable | 47/48 | €4,271 | €55,973 | +€51,702 | +1210.4% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,008 | €13,510 | +€5,502 | +68.7% |
| Other operating charges | 640/8 | €3,451 | €5,761 | +€2,310 | +66.9% |
| Gross operating margin | 9900 | €44,103 | €70,761 | +€26,658 | +60.4% |
| Operating profit (loss) | 9901 | €32,644 | €51,490 | +€18,846 | +57.7% |
| Financial income | 75/76B | €25 | €10 | -€14 | -58.8% |
| Recurring financial income | 75 | €25 | €10 | -€14 | -58.8% |
| Financial charges | 65/66B | €1,672 | €3,963 | +€2,291 | +137.1% |
| Recurring financial charges | 65 | €1,672 | €3,963 | +€2,291 | +137.1% |
| Profit (loss) for the period before taxes | 9903 | €30,997 | €47,537 | +€16,540 | +53.4% |
| Income taxes | 67/77 | €6,860 | €8,803 | +€1,943 | +28.3% |
| Profit (loss) for the period | 9904 | €24,136 | €38,734 | +€14,597 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,136 | €38,734 | +€14,597 | +60.5% |
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 11 October 2026 via checked.be.