LADRI: 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.
LADRI
Largest movements
- Cash -€160,001
down €160,001 (-45.8%), from €348,988 to €188,987
mainly Contributions, distributions and other (-€150,000) and Investment in fixed assets (net) (-€125,110)
- Tangible fixed assets +€110,057
up €110,057 (+443%), from €24,819 to €134,876
of which Furniture and vehicles: +€68,985
- Receivables within one year -€43,324
down €43,324 (-71.9%), from €60,276 to €16,952
of which Trade receivables: -€47,581
- Profit (loss) carried forward -€123,431
down €123,431 (-76.5%), from €161,283 to €37,852
- Trade debts +€54,871
up €54,871 (+45.8%), from €119,936 to €174,807
- Tax, wage and social debts -€27,937
down €27,937 (-20.1%), from €138,778 to €110,841
of which Remuneration and social security: -€28,734
- Purchases and services -€49,934
down €49,934 (-6.8%), from €739,741 to €689,807
- Turnover -€33,822
down €33,822 (-2.8%), from €1.2m to €1.2m
- Gross operating margin +€16,112
up €16,112 (+3.4%), from €479,134 to €495,245
- Staff costs +€15,521
up €15,521 (+3.8%), from €411,975 to €427,496
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 | €461,948 | €365,451 | -€96,497 | -20.9% |
| Fixed assets | 21/28 | €24,819 | €134,876 | +€110,057 | +443% |
| Tangible fixed assets | 22/27 | €24,819 | €134,876 | +€110,057 | +443% |
| Furniture and vehicles | 24 | €3,542 | €72,528 | +€68,985 | +1,947% |
| Other tangible fixed assets | 26 | €21,277 | €62,349 | +€41,072 | +193% |
| Current assets | 29/58 | €437,128 | €230,575 | -€206,554 | -47.3% |
| Stocks and contracts in progress | 3 | €27,864 | €24,636 | -€3,228 | -11.6% |
| Stocks | 30/36 | €27,864 | €24,636 | -€3,228 | -11.6% |
| Amounts receivable within one year | 40/41 | €60,276 | €16,952 | -€43,324 | -71.9% |
| Trade receivables | 40 | €60,273 | €12,692 | -€47,581 | -78.9% |
| Other amounts receivable | 41 | €3 | €4,260 | +€4,257 | +124,465% |
| Cash at bank and in hand | 54/58 | €348,988 | €188,987 | -€160,001 | -45.8% |
| Total equity and liabilities | 10/49 | €461,948 | €365,451 | -€96,497 | -20.9% |
| Equity | 10/15 | €198,234 | €74,803 | -€123,431 | -62.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €16,500 | €16,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,283 | €37,852 | -€123,431 | -76.5% |
| Amounts payable | 17/49 | €263,714 | €290,648 | +€26,934 | +10.2% |
| Amounts payable within one year | 42/48 | €263,714 | €290,648 | +€26,934 | +10.2% |
| Trade debts | 44 | €119,936 | €174,807 | +€54,871 | +45.8% |
| Suppliers | 440/4 | €119,936 | €174,807 | +€54,871 | +45.8% |
| Taxes, remuneration and social security | 45 | €138,778 | €110,841 | -€27,937 | -20.1% |
| Taxes | 450/3 | €22,303 | €23,100 | +€797 | +3.6% |
| Remuneration and social security | 454/9 | €116,475 | €87,741 | -€28,734 | -24.7% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Turnover | 70 | €1,218,874 | €1,185,052 | -€33,822 | -2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €739,741 | €689,807 | -€49,934 | -6.8% |
| Remuneration, social security and pensions | 62 | €411,975 | €427,496 | +€15,521 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,344 | €15,053 | -€11,291 | -42.9% |
| Other operating charges | 640/8 | €923 | €4,759 | +€3,836 | +416% |
| Gross operating margin | 9900 | €479,134 | €495,245 | +€16,112 | +3.4% |
| Operating profit (loss) | 9901 | €39,892 | €47,937 | +€8,045 | +20.2% |
| Financial charges | 65/66B | €6,891 | €7,597 | +€705 | +10.2% |
| Recurring financial charges | 65 | €6,891 | €7,597 | +€705 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €33,001 | €40,341 | +€7,340 | +22.2% |
| Income taxes | 67/77 | €23,247 | €13,772 | -€9,475 | -40.8% |
| Profit (loss) for the period | 9904 | €9,754 | €26,569 | +€16,816 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €9,754 | €26,569 | +€16,816 | +172% |
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 18 October 2026 via checked.be.