LADOX Group: 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.
LADOX Group
Largest movements
- Cash +€10,063
up €10,063 (+140%), from €7,194 to €17,258
mainly Net result for the year (+€10,864) and Deferred charges and accrued income (+€7,892)
- Deferred charges and accrued income -€7,892
down €7,892 (-98.2%), from €8,035 to €143
- Tangible fixed assets -€5,289
down €5,289 (-31.1%), from €17,013 to €11,723
- Formation expenses -€440
down €440 (-45.3%), from €971 to €531
- Receivables within one year +€434
up €434 (+7.9%), from €5,528 to €5,962
of which Trade receivables: +€2,852
- Other debts -€16,029
down €16,029 (-42.5%), from €37,676 to €21,647
- Profit (loss) carried forward +€10,864
up €10,864, from -€4,804 to €6,059
- Tax, wage and social debts +€1,494
up €1,494 (+464%), from €322 to €1,816
- Trade debts +€701
up €701 (+178%), from €395 to €1,095
- Gross operating margin +€11,674
up €11,674 (+125%), from €9,320 to €20,994
- Taxes +€1,816
new in 2025: €1,816
- Other operating charges +€1,483
up €1,483 (+147%), from €1,010 to €2,493
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 | €38,741 | €35,617 | -€3,124 | -8.1% |
| Formation expenses | 20 | €971 | €531 | -€440 | -45.3% |
| Fixed assets | 21/28 | €17,013 | €11,723 | -€5,289 | -31.1% |
| Tangible fixed assets | 22/27 | €17,013 | €11,723 | -€5,289 | -31.1% |
| Furniture and vehicles | 24 | €17,013 | €11,723 | -€5,289 | -31.1% |
| Current assets | 29/58 | €20,757 | €23,363 | +€2,605 | +12.6% |
| Amounts receivable within one year | 40/41 | €5,528 | €5,962 | +€434 | +7.9% |
| Trade receivables | 40 | €315 | €3,167 | +€2,852 | +905% |
| Other amounts receivable | 41 | €5,213 | €2,795 | -€2,418 | -46.4% |
| Cash at bank and in hand | 54/58 | €7,194 | €17,258 | +€10,063 | +140% |
| Deferred charges and accrued income | 490/1 | €8,035 | €143 | -€7,892 | -98.2% |
| Total equity and liabilities | 10/49 | €38,741 | €35,617 | -€3,124 | -8.1% |
| Equity | 10/15 | €196 | €11,059 | +€10,864 | +5,557% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,804 | €6,059 | +€10,864 | |
| Amounts payable | 17/49 | €38,546 | €24,558 | -€13,988 | -36.3% |
| Amounts payable within one year | 42/48 | €38,392 | €24,558 | -€13,834 | -36.0% |
| Trade debts | 44 | €395 | €1,095 | +€701 | +178% |
| Suppliers | 440/4 | €395 | €1,095 | +€701 | +178% |
| Taxes, remuneration and social security | 45 | €322 | €1,816 | +€1,494 | +464% |
| Taxes | 450/3 | €322 | €1,816 | +€1,494 | +464% |
| Other amounts payable | 47/48 | €37,676 | €21,647 | -€16,029 | -42.5% |
| Accrued charges and deferred income | 492/3 | €154 | - | -€154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,730 | €5,730 | = | 0.0% |
| Other operating charges | 640/8 | €1,010 | €2,493 | +€1,483 | +147% |
| Gross operating margin | 9900 | €9,320 | €20,994 | +€11,674 | +125% |
| Operating profit (loss) | 9901 | €2,580 | €12,771 | +€10,191 | +395% |
| Financial income | 75/76B | €0 | €57 | +€57 | +56,530% |
| Recurring financial income | 75 | €0 | €57 | +€57 | +56,530% |
| Financial charges | 65/66B | €269 | €148 | -€121 | -44.9% |
| Recurring financial charges | 65 | €269 | €148 | -€121 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €2,311 | €12,680 | +€10,368 | +449% |
| Income taxes | 67/77 | - | €1,816 | +€1,816 | |
| Profit (loss) for the period | 9904 | €2,311 | €10,864 | +€8,552 | +370% |
| Profit (loss) for the period to be appropriated | 9905 | €2,311 | €10,864 | +€8,552 | +370% |
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 16 October 2026 via checked.be.