Ladyship: 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.
Ladyship
Largest movements
- Receivables within one year -€27,037
down €27,037 (-97.3%), from €27,789 to €752
of which Trade receivables: -€27,251
- Cash +€10,948
up €10,948 (+26.2%), from €41,721 to €52,669
mainly Net result for the year (+€34,752) and Other debts (+€33,889)
- Tangible fixed assets -€3,000
down €3,000 (-8.1%), from €37,250 to €34,249
of which Furniture and vehicles: -€10,436
- Other debts +€33,889
up €33,889 (+3,929%), from €863 to €34,752
- Reserves -€30,894
down €30,894 (-50.3%), from €61,424 to €30,530
- Tax, wage and social debts -€14,407
down €14,407 (-80.2%), from €17,964 to €3,557
- Debts after one year -€9,325
down €9,325 (-62.1%), from €15,006 to €5,681
- Gross operating margin +€6,936
up €6,936 (+13.4%), from €51,668 to €58,604
- Depreciation +€1,562
up €1,562 (+15.9%), from €9,811 to €11,373
- Financial income -€895
down €895 (-99.7%), from €898 to €3
- Other operating charges +€664
up €664 (+148%), from €449 to €1,113
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 | €107,704 | €88,484 | -€19,220 | -17.8% |
| Fixed assets | 21/28 | €37,250 | €34,249 | -€3,000 | -8.1% |
| Tangible fixed assets | 22/27 | €37,250 | €34,249 | -€3,000 | -8.1% |
| Furniture and vehicles | 24 | €33,772 | €23,336 | -€10,436 | -30.9% |
| Other tangible fixed assets | 26 | €3,478 | €10,914 | +€7,435 | +214% |
| Current assets | 29/58 | €70,455 | €54,235 | -€16,220 | -23.0% |
| Amounts receivable within one year | 40/41 | €27,789 | €752 | -€27,037 | -97.3% |
| Trade receivables | 40 | €27,785 | €534 | -€27,251 | -98.1% |
| Other amounts receivable | 41 | €4 | €218 | +€214 | +4,800% |
| Cash at bank and in hand | 54/58 | €41,721 | €52,669 | +€10,948 | +26.2% |
| Deferred charges and accrued income | 490/1 | €944 | €814 | -€131 | -13.8% |
| Total equity and liabilities | 10/49 | €107,704 | €88,484 | -€19,220 | -17.8% |
| Equity | 10/15 | €64,424 | €33,530 | -€30,894 | -48.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,424 | €30,530 | -€30,894 | -50.3% |
| Distributable reserves | 133 | €61,424 | €30,530 | -€30,894 | -50.3% |
| Amounts payable | 17/49 | €43,280 | €54,954 | +€11,674 | +27.0% |
| Amounts payable after more than one year | 17 | €15,006 | €5,681 | -€9,325 | -62.1% |
| Financial debts | 170/4 | €15,006 | €5,681 | -€9,325 | -62.1% |
| Amounts payable within one year | 42/48 | €28,256 | €48,750 | +€20,494 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €8,827 | €9,325 | +€498 | +5.6% |
| Trade debts | 44 | €602 | €1,116 | +€514 | +85.3% |
| Suppliers | 440/4 | €602 | €1,116 | +€514 | +85.3% |
| Taxes, remuneration and social security | 45 | €17,964 | €3,557 | -€14,407 | -80.2% |
| Taxes | 450/3 | €17,964 | €3,557 | -€14,407 | -80.2% |
| Other amounts payable | 47/48 | €863 | €34,752 | +€33,889 | +3,929% |
| Accrued charges and deferred income | 492/3 | €18 | €523 | +€505 | +2,796% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,811 | €11,373 | +€1,562 | +15.9% |
| Other operating charges | 640/8 | €449 | €1,113 | +€664 | +148% |
| Gross operating margin | 9900 | €51,668 | €58,604 | +€6,936 | +13.4% |
| Operating profit (loss) | 9901 | €41,408 | €46,118 | +€4,710 | +11.4% |
| Financial income | 75/76B | €898 | €3 | -€895 | -99.7% |
| Recurring financial income | 75 | €898 | €3 | -€895 | -99.7% |
| Financial charges | 65/66B | €1,713 | €1,247 | -€466 | -27.2% |
| Recurring financial charges | 65 | €1,713 | €1,247 | -€466 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €40,594 | €44,874 | +€4,280 | +10.5% |
| Income taxes | 67/77 | €9,700 | €10,123 | +€423 | +4.4% |
| Profit (loss) for the period | 9904 | €30,894 | €34,752 | +€3,858 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,894 | €34,752 | +€3,858 | +12.5% |
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 21 October 2026 via checked.be.