LADOUCE: what changed
Two fiscal 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.
LADOUCE
Largest movements
- Tangible fixed assets -€26,224
down €26,224 (-6.2%), from €424,517 to €398,293
- Cash -€4,632
down €4,632 (-22.2%), from €20,909 to €16,277
mainly Other debts (-€42,021) and Investment in fixed assets (net) (-€3,328)
- Other debts -€42,021
down €42,021 (-23.1%), from €181,621 to €139,601
- Reserves +€12,500
up €12,500 (+21.8%), from €57,283 to €69,783
of which Distributable reserves: +€12,500
- Gross operating margin -€12,246
down €12,246 (-17.7%), from €69,023 to €56,776
- Taxes -€3,447
down €3,447 (-37.4%), from €9,220 to €5,773
- Financial income +€2,390
new in 2025: €2,390
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 | €446,249 | €415,620 | -€30,629 | -6.9% |
| Fixed assets | 21/28 | €424,517 | €398,293 | -€26,224 | -6.2% |
| Tangible fixed assets | 22/27 | €424,517 | €398,293 | -€26,224 | -6.2% |
| Land and buildings | 22 | €424,517 | €398,293 | -€26,224 | -6.2% |
| Current assets | 29/58 | €21,733 | €17,327 | -€4,405 | -20.3% |
| Amounts receivable after more than one year | 29 | €824 | €824 | = | 0.0% |
| Other amounts receivable | 291 | €824 | €824 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €227 | +€227 | |
| Other amounts receivable | 41 | - | €227 | +€227 | |
| Cash at bank and in hand | 54/58 | €20,909 | €16,277 | -€4,632 | -22.2% |
| Total equity and liabilities | 10/49 | €446,249 | €415,620 | -€30,629 | -6.9% |
| Equity | 10/15 | €259,328 | €271,980 | +€12,653 | +4.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €57,283 | €69,783 | +€12,500 | +21.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,883 | €2,883 | = | 0.0% |
| Distributable reserves | 133 | €48,200 | €60,700 | +€12,500 | +25.9% |
| Profit (loss) carried forward | 14 | €140,044 | €140,197 | +€153 | +0.1% |
| Amounts payable | 17/49 | €186,922 | €143,640 | -€43,282 | -23.2% |
| Amounts payable within one year | 42/48 | €186,922 | €143,640 | -€43,282 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €1,566 | €1,560 | -€5 | -0.3% |
| Trade debts | 44 | €515 | €2,479 | +€1,964 | +381.4% |
| Suppliers | 440/4 | €515 | €2,479 | +€1,964 | +381.4% |
| Taxes, remuneration and social security | 45 | €3,220 | - | -€3,220 | |
| Taxes | 450/3 | €3,220 | - | -€3,220 | |
| Other amounts payable | 47/48 | €181,621 | €139,601 | -€42,021 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,107 | €29,552 | +€445 | +1.5% |
| Other operating charges | 640/8 | €10,589 | €10,922 | +€333 | +3.1% |
| Gross operating margin | 9900 | €69,023 | €56,776 | -€12,246 | -17.7% |
| Operating profit (loss) | 9901 | €29,327 | €16,303 | -€13,024 | -44.4% |
| Financial income | 75/76B | - | €2,390 | +€2,390 | |
| Recurring financial income | 75 | - | €2,390 | +€2,390 | |
| Financial charges | 65/66B | €288 | €266 | -€21 | -7.3% |
| Recurring financial charges | 65 | €288 | €266 | -€21 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €29,039 | €18,426 | -€10,613 | -36.5% |
| Income taxes | 67/77 | €9,220 | €5,773 | -€3,447 | -37.4% |
| Profit (loss) for the period | 9904 | €19,819 | €12,653 | -€7,167 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,819 | €12,653 | -€7,167 | -36.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.