LADY-LOOK: 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.
LADY-LOOK
Largest movements
- Tangible fixed assets -€34,956
down €34,956 (-25.9%), from €135,079 to €100,123
- Cash +€33,898
up €33,898 (+38.0%), from €89,146 to €123,044
mainly Depreciation (+€34,956) and Tax, wage and social debts (+€8,213)
- Debts after one year -€10,238
down €10,238 (-10.4%), from €98,207 to €87,969
- Tax, wage and social debts +€8,213
up €8,213 (+295%), from €2,786 to €10,999
of which Taxes: +€7,898
- Reserves +€7,885
up €7,885 (+3.9%), from €203,778 to €211,663
of which Distributable reserves: +€7,885
- Gross operating margin -€10,581
down €10,581 (-16.9%), from €62,579 to €51,998
- Financial charges -€1,320
down €1,320 (-34.5%), from €3,829 to €2,509
- Depreciation +€1,280
up €1,280 (+3.8%), from €33,677 to €34,956
- Taxes -€1,238
down €1,238 (-22.2%), from €5,573 to €4,335
- Staff costs +€723
up €723 (+17.6%), from €4,119 to €4,842
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 | €407,209 | €412,260 | +€5,051 | +1.2% |
| Fixed assets | 21/28 | €135,079 | €100,123 | -€34,956 | -25.9% |
| Tangible fixed assets | 22/27 | €135,079 | €100,123 | -€34,956 | -25.9% |
| Land and buildings | 22 | €26,691 | €20,018 | -€6,673 | -25.0% |
| Plant, machinery and equipment | 23 | €68,874 | €53,437 | -€15,437 | -22.4% |
| Furniture and vehicles | 24 | €39,514 | €26,668 | -€12,846 | -32.5% |
| Current assets | 29/58 | €272,129 | €312,137 | +€40,007 | +14.7% |
| Stocks and contracts in progress | 3 | €118,657 | €122,510 | +€3,853 | +3.2% |
| Stocks | 30/36 | €118,657 | €122,510 | +€3,853 | +3.2% |
| Amounts receivable within one year | 40/41 | €8,523 | €12,573 | +€4,051 | +47.5% |
| Trade receivables | 40 | €50 | €250 | +€200 | +400% |
| Other amounts receivable | 41 | €8,473 | €12,324 | +€3,851 | +45.5% |
| Current investments | 50/53 | €52,693 | €52,914 | +€221 | +0.4% |
| Cash at bank and in hand | 54/58 | €89,146 | €123,044 | +€33,898 | +38.0% |
| Deferred charges and accrued income | 490/1 | €3,111 | €1,095 | -€2,016 | -64.8% |
| Total equity and liabilities | 10/49 | €407,209 | €412,260 | +€5,051 | +1.2% |
| Equity | 10/15 | €284,404 | €292,288 | +€7,885 | +2.8% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €203,778 | €211,663 | +€7,885 | +3.9% |
| Tax-exempt reserves | 132 | €5,349 | €5,349 | = | 0.0% |
| Distributable reserves | 133 | €198,430 | €206,314 | +€7,885 | +4.0% |
| Profit (loss) carried forward | 14 | €17,625 | €17,625 | = | 0.0% |
| Amounts payable | 17/49 | €122,805 | €119,971 | -€2,834 | -2.3% |
| Amounts payable after more than one year | 17 | €98,207 | €87,969 | -€10,238 | -10.4% |
| Financial debts | 170/4 | €98,207 | €87,969 | -€10,238 | -10.4% |
| Amounts payable within one year | 42/48 | €24,598 | €32,002 | +€7,404 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €10,104 | €10,238 | +€134 | +1.3% |
| Trade debts | 44 | €10,738 | €9,832 | -€905 | -8.4% |
| Suppliers | 440/4 | €10,738 | €9,832 | -€905 | -8.4% |
| Taxes, remuneration and social security | 45 | €2,786 | €10,999 | +€8,213 | +295% |
| Taxes | 450/3 | €237 | €8,136 | +€7,898 | +3,328% |
| Remuneration and social security | 454/9 | €2,549 | €2,863 | +€314 | +12.3% |
| Other amounts payable | 47/48 | €971 | €933 | -€38 | -3.9% |
| Remuneration, social security and pensions | 62 | €4,119 | €4,842 | +€723 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,677 | €34,956 | +€1,280 | +3.8% |
| Other operating charges | 640/8 | €1,910 | €1,969 | +€58 | +3.1% |
| Gross operating margin | 9900 | €62,579 | €51,998 | -€10,581 | -16.9% |
| Operating profit (loss) | 9901 | €22,873 | €10,231 | -€12,642 | -55.3% |
| Financial income | 75/76B | €4,987 | €4,497 | -€490 | -9.8% |
| Recurring financial income | 75 | €4,987 | €4,497 | -€490 | -9.8% |
| Financial charges | 65/66B | €3,829 | €2,509 | -€1,320 | -34.5% |
| Recurring financial charges | 65 | €3,829 | €2,509 | -€1,320 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €24,031 | €12,220 | -€11,812 | -49.2% |
| Income taxes | 67/77 | €5,573 | €4,335 | -€1,238 | -22.2% |
| Profit (loss) for the period | 9904 | €18,458 | €7,885 | -€10,573 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,458 | €7,885 | -€10,573 | -57.3% |
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 27 October 2026 via checked.be.