LARADIS: what changed
Two fiscal 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.
LARADIS
Largest movements
- Cash -€81,572
down €81,572 (-67.3%), from €121,194 to €39,622
mainly Trade debts (-€54,642) and Receivables within one year (-€13,722)
- Receivables within one year +€13,722
up €13,722 (+19.5%), from €70,187 to €83,909
of which Other amounts receivable: +€28,488
- Stocks and contracts +€5,531
up €5,531 (+2.9%), from €191,278 to €196,810
- Trade debts -€54,642
down €54,642 (-31.2%), from €175,199 to €120,557
- Debts after one year -€12,578
down €12,578 (-22.9%), from €54,917 to €42,339
- Accrued charges and deferred income -€7,055
down €7,055 (-92.3%), from €7,644 to €589
- Tax, wage and social debts +€5,344
up €5,344 (+17.1%), from €31,246 to €36,591
of which Remuneration and social security: +€5,034
- Gross operating margin -€85,718
down €85,718 (-17.0%), from €505,465 to €419,747
- Staff costs -€31,391
down €31,391 (-7.7%), from €409,407 to €378,016
- Depreciation -€12,423
down €12,423 (-54.5%), from €22,784 to €10,361
- Taxes -€8,974
down €8,974 (-72.1%), from €12,440 to €3,466
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.
Cash bridge derived
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 | €498,326 | €433,418 | -€64,907 | -13.0% |
| Formation expenses | 20 | €3,004 | €2,725 | -€280 | -9.3% |
| Fixed assets | 21/28 | €112,054 | €110,095 | -€1,959 | -1.7% |
| Tangible fixed assets | 22/27 | €111,441 | €109,482 | -€1,959 | -1.8% |
| Plant, machinery and equipment | 23 | €97,164 | €99,830 | +€2,666 | +2.7% |
| Furniture and vehicles | 24 | €14,277 | €9,652 | -€4,625 | -32.4% |
| Financial fixed assets | 28 | €613 | €613 | = | 0.0% |
| Current assets | 29/58 | €383,268 | €320,599 | -€62,669 | -16.4% |
| Stocks and contracts in progress | 3 | €191,278 | €196,810 | +€5,531 | +2.9% |
| Stocks | 30/36 | €191,278 | €196,810 | +€5,531 | +2.9% |
| Amounts receivable within one year | 40/41 | €70,187 | €83,909 | +€13,722 | +19.5% |
| Trade receivables | 40 | €54,062 | €39,296 | -€14,766 | -27.3% |
| Other amounts receivable | 41 | €16,125 | €44,613 | +€28,488 | +176.7% |
| Cash at bank and in hand | 54/58 | €121,194 | €39,622 | -€81,572 | -67.3% |
| Deferred charges and accrued income | 490/1 | €608 | €259 | -€350 | -57.5% |
| Total equity and liabilities | 10/49 | €498,326 | €433,418 | -€64,907 | -13.0% |
| Equity | 10/15 | €213,617 | €216,561 | +€2,944 | +1.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €163,617 | €166,561 | +€2,944 | +1.8% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €158,617 | €161,561 | +€2,944 | +1.9% |
| Amounts payable | 17/49 | €284,709 | €216,858 | -€67,851 | -23.8% |
| Amounts payable after more than one year | 17 | €54,917 | €42,339 | -€12,578 | -22.9% |
| Financial debts | 170/4 | €54,917 | €42,339 | -€12,578 | -22.9% |
| Amounts payable within one year | 42/48 | €222,148 | €173,929 | -€48,219 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €15,703 | €15,944 | +€241 | +1.5% |
| Trade debts | 44 | €175,199 | €120,557 | -€54,642 | -31.2% |
| Suppliers | 440/4 | €175,199 | €120,557 | -€54,642 | -31.2% |
| Taxes, remuneration and social security | 45 | €31,246 | €36,591 | +€5,344 | +17.1% |
| Taxes | 450/3 | €2,634 | €2,944 | +€310 | +11.8% |
| Remuneration and social security | 454/9 | €28,612 | €33,647 | +€5,034 | +17.6% |
| Other amounts payable | 47/48 | - | €838 | +€838 | |
| Accrued charges and deferred income | 492/3 | €7,644 | €589 | -€7,055 | -92.3% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €409,407 | €378,016 | -€31,391 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,784 | €10,361 | -€12,423 | -54.5% |
| Other operating charges | 640/8 | €11,715 | €11,014 | -€701 | -6.0% |
| Gross operating margin | 9900 | €505,465 | €419,747 | -€85,718 | -17.0% |
| Operating profit (loss) | 9901 | €61,559 | €20,355 | -€41,203 | -66.9% |
| Financial income | 75/76B | €367 | €69 | -€297 | -81.1% |
| Recurring financial income | 75 | €367 | €69 | -€297 | -81.1% |
| Financial charges | 65/66B | €14,691 | €14,015 | -€675 | -4.6% |
| Recurring financial charges | 65 | €14,691 | €14,015 | -€675 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €47,235 | €6,410 | -€40,825 | -86.4% |
| Income taxes | 67/77 | €12,440 | €3,466 | -€8,974 | -72.1% |
| Profit (loss) for the period | 9904 | €34,794 | €2,944 | -€31,851 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,794 | €2,944 | -€31,851 | -91.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.