Ladix: 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.
Ladix
Largest movements
- Tangible fixed assets +€517,362
up €517,362 (+14,158%), from €3,654 to €521,016
of which Land and buildings: +€518,238
- Receivables within one year +€45,810
up €45,810 (+71.6%), from €63,994 to €109,804
of which Trade receivables: +€78,202
- Debts after one year +€479,141
new in 2025: €479,141
- Reserves +€42,903
up €42,903 (+121%), from €35,520 to €78,423
- Other debts +€28,653
up €28,653 (+979%), from €2,927 to €31,580
- Current portion of long-term debt +€19,262
new in 2025: €19,262
- Gross operating margin +€65,053
up €65,053 (+363%), from €17,923 to €82,976
- Depreciation +€19,680
up €19,680 (+1,201%), from €1,639 to €21,318
- Financial charges +€14,354
up €14,354 (+5,526%), from €260 to €14,614
- Taxes -€2,618
down €2,618 (-59.3%), from €4,418 to €1,800
- Other operating charges +€2,065
up €2,065 (+409%), from €505 to €2,570
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 | €68,590 | €636,696 | +€568,106 | +828% |
| Fixed assets | 21/28 | €3,654 | €521,016 | +€517,362 | +14,158% |
| Tangible fixed assets | 22/27 | €3,654 | €521,016 | +€517,362 | +14,158% |
| Land and buildings | 22 | - | €518,238 | +€518,238 | |
| Furniture and vehicles | 24 | €3,654 | €2,778 | -€877 | -24.0% |
| Current assets | 29/58 | €64,936 | €115,680 | +€50,744 | +78.1% |
| Amounts receivable within one year | 40/41 | €63,994 | €109,804 | +€45,810 | +71.6% |
| Trade receivables | 40 | €29,128 | €107,329 | +€78,202 | +268% |
| Other amounts receivable | 41 | €34,867 | €2,475 | -€32,392 | -92.9% |
| Cash at bank and in hand | 54/58 | €942 | €5,041 | +€4,099 | +435% |
| Deferred charges and accrued income | 490/1 | - | €835 | +€835 | |
| Total equity and liabilities | 10/49 | €68,590 | €636,696 | +€568,106 | +828% |
| Equity | 10/15 | €40,520 | €83,423 | +€42,903 | +106% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,520 | €78,423 | +€42,903 | +121% |
| Distributable reserves | 133 | €35,520 | €78,423 | +€42,903 | +121% |
| Amounts payable | 17/49 | €28,070 | €553,273 | +€525,203 | +1,871% |
| Amounts payable after more than one year | 17 | - | €479,141 | +€479,141 | |
| Financial debts | 170/4 | - | €479,141 | +€479,141 | |
| Amounts payable within one year | 42/48 | €27,206 | €74,117 | +€46,911 | +172% |
| Current portion of amounts payable after more than one year | 42 | - | €19,262 | +€19,262 | |
| Trade debts | 44 | €5,437 | €5,384 | -€54 | -1.0% |
| Suppliers | 440/4 | €5,437 | €5,384 | -€54 | -1.0% |
| Taxes, remuneration and social security | 45 | €18,841 | €17,891 | -€950 | -5.0% |
| Taxes | 450/3 | €16,341 | €17,891 | +€1,550 | +9.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €2,927 | €31,580 | +€28,653 | +979% |
| Accrued charges and deferred income | 492/3 | €864 | €14 | -€850 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,639 | €21,318 | +€19,680 | +1,201% |
| Other operating charges | 640/8 | €505 | €2,570 | +€2,065 | +409% |
| Gross operating margin | 9900 | €17,923 | €82,976 | +€65,053 | +363% |
| Operating profit (loss) | 9901 | €15,779 | €59,087 | +€43,309 | +274% |
| Financial income | 75/76B | €1,556 | €229 | -€1,327 | -85.3% |
| Recurring financial income | 75 | €1,556 | €229 | -€1,327 | -85.3% |
| Financial charges | 65/66B | €260 | €14,614 | +€14,354 | +5,526% |
| Recurring financial charges | 65 | €260 | €14,614 | +€14,354 | +5,526% |
| Profit (loss) for the period before taxes | 9903 | €17,075 | €44,703 | +€27,628 | +162% |
| Income taxes | 67/77 | €4,418 | €1,800 | -€2,618 | -59.3% |
| Profit (loss) for the period | 9904 | €12,657 | €42,903 | +€30,246 | +239% |
| Profit (loss) for the period to be appropriated | 9905 | €12,657 | €42,903 | +€30,246 | +239% |
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 23 October 2026 via checked.be.