LADRY JF: 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.
LADRY JF
Largest movements
- Tangible fixed assets +€47,941
up €47,941 (+1,277%), from €3,753 to €51,695
of which Furniture and vehicles: +€47,519
- Receivables within one year -€42,196
down €42,196 (-28.1%), from €150,252 to €108,057
of which Trade receivables: -€70,736
- Financial fixed assets +€5,000
new in 2025: €5,000
- Cash -€4,413
down €4,413 (-2.5%), from €178,105 to €173,692
mainly Investment in fixed assets (net) (-€63,904) and Other debts (-€41,501)
- Debts after one year +€66,000
new in 2025: €66,000
- Other debts -€41,501
down €41,501 (-23.8%), from €174,627 to €133,126
- Tax, wage and social debts -€23,524
down €23,524 (-86.3%), from €27,274 to €3,750
- Profit (loss) carried forward +€3,799
new in 2025: €3,799
- Gross operating margin -€82,128
down €82,128 (-64.8%), from €126,786 to €44,658
- Write-downs +€30,100
new in 2025: €30,100
- Taxes -€25,946
down €25,946 (-95.1%), from €27,277 to €1,331
- Depreciation +€9,851
up €9,851 (+886%), from €1,111 to €10,963
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 | €343,763 | €349,941 | +€6,179 | +1.8% |
| Fixed assets | 21/28 | €3,753 | €56,695 | +€52,941 | +1,411% |
| Tangible fixed assets | 22/27 | €3,753 | €51,695 | +€47,941 | +1,277% |
| Land and buildings | 22 | €2,760 | €3,183 | +€422 | +15.3% |
| Furniture and vehicles | 24 | €993 | €48,512 | +€47,519 | +4,786% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €340,009 | €293,247 | -€46,763 | -13.8% |
| Stocks and contracts in progress | 3 | €11,653 | €11,498 | -€154 | -1.3% |
| Stocks | 30/36 | €11,653 | €11,498 | -€154 | -1.3% |
| Amounts receivable within one year | 40/41 | €150,252 | €108,057 | -€42,196 | -28.1% |
| Trade receivables | 40 | €150,252 | €79,517 | -€70,736 | -47.1% |
| Other amounts receivable | 41 | - | €28,540 | +€28,540 | |
| Cash at bank and in hand | 54/58 | €178,105 | €173,692 | -€4,413 | -2.5% |
| Total equity and liabilities | 10/49 | €343,763 | €349,941 | +€6,179 | +1.8% |
| Equity | 10/15 | €141,309 | €145,108 | +€3,799 | +2.7% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €140,709 | €140,709 | = | 0.0% |
| Distributable reserves | 133 | €140,709 | €140,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,799 | +€3,799 | |
| Amounts payable | 17/49 | €202,454 | €204,834 | +€2,380 | +1.2% |
| Amounts payable after more than one year | 17 | - | €66,000 | +€66,000 | |
| Financial debts | 170/4 | - | €66,000 | +€66,000 | |
| Amounts payable within one year | 42/48 | €202,454 | €138,834 | -€63,620 | -31.4% |
| Trade debts | 44 | €553 | €1,958 | +€1,405 | +254% |
| Suppliers | 440/4 | €553 | €1,958 | +€1,405 | +254% |
| Taxes, remuneration and social security | 45 | €27,274 | €3,750 | -€23,524 | -86.3% |
| Taxes | 450/3 | €27,274 | €3,750 | -€23,524 | -86.3% |
| Other amounts payable | 47/48 | €174,627 | €133,126 | -€41,501 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,111 | €10,963 | +€9,851 | +886% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,100 | +€30,100 | |
| Other operating charges | 640/8 | €110 | €413 | +€303 | +276% |
| Gross operating margin | 9900 | €126,786 | €44,658 | -€82,128 | -64.8% |
| Operating profit (loss) | 9901 | €125,565 | €3,182 | -€122,382 | -97.5% |
| Financial income | 75/76B | €2,694 | €1,996 | -€697 | -25.9% |
| Recurring financial income | 75 | €2,694 | €1,996 | -€697 | -25.9% |
| Financial charges | 65/66B | €51 | €48 | -€3 | -5.4% |
| Recurring financial charges | 65 | €51 | €48 | -€3 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €128,207 | €5,130 | -€123,077 | -96.0% |
| Income taxes | 67/77 | €27,277 | €1,331 | -€25,946 | -95.1% |
| Profit (loss) for the period | 9904 | €100,930 | €3,799 | -€97,131 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,930 | €3,799 | -€97,131 | -96.2% |
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 14 October 2026 via checked.be.