LADY'S: 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'S
Largest movements
- Cash +€5,699
up €5,699 (+10.8%), from €52,608 to €58,307
mainly Depreciation (+€16,282) and Net result for the year (+€6,825)
- Stocks and contracts +€2,167
up €2,167 (+11.6%), from €18,607 to €20,774
- Reserves +€6,750
up €6,750 (+23.3%), from €29,000 to €35,750
of which Distributable reserves: +€6,750
- Debts after one year +€4,042
up €4,042 (+17.0%), from €23,725 to €27,767
- Tax, wage and social debts -€3,901
down €3,901 (-24.6%), from €15,843 to €11,942
of which Remuneration and social security: -€2,930
- Current portion of long-term debt +€1,929
up €1,929 (+17.7%), from €10,871 to €12,800
- Gross operating margin -€43,568
down €43,568 (-35.0%), from €124,304 to €80,736
- Staff costs -€25,742
down €25,742 (-33.7%), from €76,484 to €50,742
- Taxes -€3,121
down €3,121 (-50.6%), from €6,173 to €3,052
- Depreciation +€2,317
up €2,317 (+16.6%), from €13,965 to €16,282
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 | €164,196 | €172,578 | +€8,382 | +5.1% |
| Fixed assets | 21/28 | €91,487 | €91,711 | +€224 | +0.2% |
| Tangible fixed assets | 22/27 | €91,348 | €91,572 | +€224 | +0.2% |
| Land and buildings | 22 | €46,100 | €56,977 | +€10,877 | +23.6% |
| Plant, machinery and equipment | 23 | €1,041 | €346 | -€694 | -66.7% |
| Furniture and vehicles | 24 | €44,207 | €34,249 | -€9,959 | -22.5% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €72,710 | €80,867 | +€8,158 | +11.2% |
| Stocks and contracts in progress | 3 | €18,607 | €20,774 | +€2,167 | +11.6% |
| Stocks | 30/36 | €18,607 | €20,774 | +€2,167 | +11.6% |
| Amounts receivable within one year | 40/41 | €1,279 | €1,786 | +€508 | +39.7% |
| Trade receivables | 40 | €1,206 | €838 | -€367 | -30.5% |
| Other amounts receivable | 41 | €73 | €948 | +€875 | +1,198% |
| Cash at bank and in hand | 54/58 | €52,608 | €58,307 | +€5,699 | +10.8% |
| Deferred charges and accrued income | 490/1 | €216 | - | -€216 | |
| Total equity and liabilities | 10/49 | €164,196 | €172,578 | +€8,382 | +5.1% |
| Equity | 10/15 | €105,921 | €112,746 | +€6,825 | +6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €35,750 | +€6,750 | +23.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €33,750 | +€6,750 | +25.0% |
| Profit (loss) carried forward | 14 | €56,921 | €56,996 | +€75 | +0.1% |
| Amounts payable | 17/49 | €58,275 | €59,832 | +€1,557 | +2.7% |
| Amounts payable after more than one year | 17 | €23,725 | €27,767 | +€4,042 | +17.0% |
| Financial debts | 170/4 | €23,725 | €27,767 | +€4,042 | +17.0% |
| Amounts payable within one year | 42/48 | €34,551 | €32,065 | -€2,485 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €10,871 | €12,800 | +€1,929 | +17.7% |
| Trade debts | 44 | €7,214 | €5,549 | -€1,665 | -23.1% |
| Suppliers | 440/4 | €7,214 | €5,549 | -€1,665 | -23.1% |
| Taxes, remuneration and social security | 45 | €15,843 | €11,942 | -€3,901 | -24.6% |
| Taxes | 450/3 | €5,341 | €4,371 | -€971 | -18.2% |
| Remuneration and social security | 454/9 | €10,502 | €7,571 | -€2,930 | -27.9% |
| Other amounts payable | 47/48 | €622 | €1,775 | +€1,152 | +185% |
| Non-recurring operating income | 76A | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | €76,484 | €50,742 | -€25,742 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,965 | €16,282 | +€2,317 | +16.6% |
| Other operating charges | 640/8 | €2,179 | €1,244 | -€935 | -42.9% |
| Gross operating margin | 9900 | €124,304 | €80,736 | -€43,568 | -35.0% |
| Operating profit (loss) | 9901 | €31,675 | €12,469 | -€19,207 | -60.6% |
| Financial income | 75/76B | €1 | €2 | +€1 | +169% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +169% |
| Financial charges | 65/66B | €2,241 | €2,594 | +€353 | +15.7% |
| Recurring financial charges | 65 | €2,241 | €2,594 | +€353 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €29,435 | €9,877 | -€19,558 | -66.4% |
| Income taxes | 67/77 | €6,173 | €3,052 | -€3,121 | -50.6% |
| Profit (loss) for the period | 9904 | €23,262 | €6,825 | -€16,437 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,262 | €6,825 | -€16,437 | -70.7% |
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 20 October 2026 via checked.be.