Ladivi: 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.
Ladivi
Largest movements
- Cash +€57,160
up €57,160 (+67.3%), from €84,952 to €142,111
mainly Net result for the year (+€108,188) and Tax, wage and social debts (+€5,869)
- Current investments +€21,392
new in 2025: €21,392
- Receivables within one year +€19,702
up €19,702 (+52.9%), from €37,268 to €56,970
of which Trade receivables: +€18,722
- Tangible fixed assets +€4,206
up €4,206 (+54.5%), from €7,711 to €11,917
of which Land and buildings: +€3,497
- Deferred charges and accrued income +€2,450
new in 2025: €2,450
- Reserves +€108,188
up €108,188 (+103%), from €104,597 to €212,785
- Other debts -€8,490
down €8,490 (-100%), from €8,490 to €0
- Tax, wage and social debts +€5,869
up €5,869 (+63.1%), from €9,298 to €15,167
- Taxes +€2,938
up €2,938 (+9.9%), from €29,670 to €32,609
- Other operating charges -€2,279
down €2,279 (-78.9%), from €2,889 to €610
- Financial income +€1,886
new in 2025: €1,886
- Gross operating margin +€1,784
up €1,784 (+1.3%), from €140,238 to €142,023
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 | €129,931 | €234,840 | +€104,910 | +80.7% |
| Fixed assets | 21/28 | €7,711 | €11,917 | +€4,206 | +54.5% |
| Tangible fixed assets | 22/27 | €7,711 | €11,917 | +€4,206 | +54.5% |
| Land and buildings | 22 | - | €3,497 | +€3,497 | |
| Plant, machinery and equipment | 23 | - | €1,216 | +€1,216 | |
| Furniture and vehicles | 24 | €1,211 | €704 | -€507 | -41.8% |
| Other tangible fixed assets | 26 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €122,220 | €222,923 | +€100,703 | +82.4% |
| Amounts receivable within one year | 40/41 | €37,268 | €56,970 | +€19,702 | +52.9% |
| Trade receivables | 40 | €36,938 | €55,660 | +€18,722 | +50.7% |
| Other amounts receivable | 41 | €330 | €1,310 | +€980 | +297% |
| Current investments | 50/53 | - | €21,392 | +€21,392 | |
| Cash at bank and in hand | 54/58 | €84,952 | €142,111 | +€57,160 | +67.3% |
| Deferred charges and accrued income | 490/1 | - | €2,450 | +€2,450 | |
| Total equity and liabilities | 10/49 | €129,931 | €234,840 | +€104,910 | +80.7% |
| Equity | 10/15 | €105,597 | €213,785 | +€108,188 | +102% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €104,597 | €212,785 | +€108,188 | +103% |
| Distributable reserves | 133 | €104,597 | €212,785 | +€108,188 | +103% |
| Amounts payable | 17/49 | €24,334 | €21,056 | -€3,278 | -13.5% |
| Amounts payable within one year | 42/48 | €24,334 | €21,056 | -€3,278 | -13.5% |
| Trade debts | 44 | €6,546 | €5,889 | -€657 | -10.0% |
| Suppliers | 440/4 | €6,546 | €5,889 | -€657 | -10.0% |
| Taxes, remuneration and social security | 45 | €9,298 | €15,167 | +€5,869 | +63.1% |
| Taxes | 450/3 | €9,298 | €15,167 | +€5,869 | +63.1% |
| Other amounts payable | 47/48 | €8,490 | €0 | -€8,490 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,264 | €821 | -€443 | -35.0% |
| Other operating charges | 640/8 | €2,889 | €610 | -€2,279 | -78.9% |
| Gross operating margin | 9900 | €140,238 | €142,023 | +€1,784 | +1.3% |
| Operating profit (loss) | 9901 | €136,086 | €140,592 | +€4,506 | +3.3% |
| Financial income | 75/76B | - | €1,886 | +€1,886 | |
| Recurring financial income | 75 | - | €1,886 | +€1,886 | |
| Financial charges | 65/66B | €1,818 | €1,682 | -€137 | -7.5% |
| Recurring financial charges | 65 | €1,818 | €1,682 | -€137 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €134,267 | €140,796 | +€6,529 | +4.9% |
| Income taxes | 67/77 | €29,670 | €32,609 | +€2,938 | +9.9% |
| Profit (loss) for the period | 9904 | €104,597 | €108,188 | +€3,591 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,597 | €108,188 | +€3,591 | +3.4% |
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 26 October 2026 via checked.be.