LADON LORENTZ: 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.
LADON LORENTZ
Largest movements
- Receivables within one year +€4,049
up €4,049 (+73.3%), from €5,525 to €9,574
of which Other amounts receivable: +€2,565
- Stocks and contracts -€2,632
down €2,632 (-58.6%), from €4,496 to €1,863
of which Contracts in progress: -€1,600
- Cash +€1,009
up €1,009 (+837%), from €121 to €1,129
mainly Stocks and contracts (+€2,632) and Short-term financial debts (+€2,505)
- Short-term financial debts +€2,505
new in 2025: €2,505
- Tax, wage and social debts -€1,845
no longer reported in 2025 (was €1,845)
of which Remuneration and social security: -€1,100
- Trade debts +€1,705
up €1,705 (+66.4%), from €2,568 to €4,273
- Other debts +€952
up €952 (+11.0%), from €8,668 to €9,620
- Profit (loss) carried forward -€735
down €735 (-83.5%), from -€880 to -€1,614
- Financial charges -€91
down €91 (-3.7%), from €2,426 to €2,335
- Gross operating margin +€55
up €55 (+3.6%), from €1,545 to €1,600
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 | €16,793 | €19,375 | +€2,583 | +15.4% |
| Current assets | 29/58 | €16,793 | €19,375 | +€2,583 | +15.4% |
| Stocks and contracts in progress | 3 | €4,496 | €1,863 | -€2,632 | -58.6% |
| Stocks | 30/36 | €2,896 | €1,863 | -€1,032 | -35.6% |
| Contracts in progress | 37 | €1,600 | - | -€1,600 | |
| Amounts receivable within one year | 40/41 | €5,525 | €9,574 | +€4,049 | +73.3% |
| Trade receivables | 40 | €3,837 | €5,321 | +€1,484 | +38.7% |
| Other amounts receivable | 41 | €1,688 | €4,253 | +€2,565 | +152% |
| Cash at bank and in hand | 54/58 | €121 | €1,129 | +€1,009 | +837% |
| Deferred charges and accrued income | 490/1 | €6,651 | €6,809 | +€157 | +2.4% |
| Total equity and liabilities | 10/49 | €16,793 | €19,375 | +€2,583 | +15.4% |
| Equity | 10/15 | €3,711 | €2,977 | -€735 | -19.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,591 | €1,591 | = | 0.0% |
| Distributable reserves | 133 | €1,591 | €1,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€880 | -€1,614 | -€735 | -83.5% |
| Amounts payable | 17/49 | €13,081 | €16,398 | +€3,317 | +25.4% |
| Amounts payable within one year | 42/48 | €13,081 | €16,398 | +€3,317 | +25.4% |
| Financial debts | 43 | - | €2,505 | +€2,505 | |
| Credit institutions | 430/8 | - | €2,505 | +€2,505 | |
| Trade debts | 44 | €2,568 | €4,273 | +€1,705 | +66.4% |
| Suppliers | 440/4 | €2,568 | €4,273 | +€1,705 | +66.4% |
| Taxes, remuneration and social security | 45 | €1,845 | - | -€1,845 | |
| Taxes | 450/3 | €745 | - | -€745 | |
| Remuneration and social security | 454/9 | €1,100 | - | -€1,100 | |
| Other amounts payable | 47/48 | €8,668 | €9,620 | +€952 | +11.0% |
| Gross operating margin | 9900 | €1,545 | €1,600 | +€55 | +3.6% |
| Operating profit (loss) | 9901 | €1,545 | €1,600 | +€55 | +3.6% |
| Financial income | 75/76B | €2 | €1 | -€1 | -57.1% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -57.1% |
| Financial charges | 65/66B | €2,426 | €2,335 | -€91 | -3.7% |
| Recurring financial charges | 65 | €2,426 | €2,335 | -€91 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€879 | -€734 | +€145 | +16.5% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -57.1% |
| Profit (loss) for the period | 9904 | -€880 | -€735 | +€145 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€880 | -€735 | +€145 | +16.5% |
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 26 October 2026 via checked.be.