LARDENOIT INSURANCE: what changed
LARDENOIT INSURANCE
Largest movements
- Intangible fixed assets -€272,895
down €272,895 (-27.4%), from €995,437 to €722,542
- Receivables within one year +€60,523
up €60,523 (+27.6%), from €219,289 to €279,812
of which Other amounts receivable: +€63,090
- Cash -€52,168
down €52,168 (-75.4%), from €69,234 to €17,066
mainly Debts after one year (-€159,251) and Contributions, distributions and other (-€150,000)
- Tangible fixed assets +€17,429
up €17,429 (+19.2%), from €90,659 to €108,088
of which Other tangible fixed assets: +€10,900
- Debts after one year -€159,251
down €159,251 (-26.2%), from €606,846 to €447,595
- Reserves -€142,014
down €142,014 (-27.3%), from €520,629 to €378,615
of which Distributable reserves: -€142,014
- Current portion of long-term debt +€49,412
up €49,412 (+93.9%), from €52,603 to €102,015
- Trade debts +€16,121
up €16,121 (+13.5%), from €119,245 to €135,366
- Staff costs +€124,708
up €124,708 (+22.2%), from €561,158 to €685,866
- Depreciation +€112,147
up €112,147 (+56.0%), from €200,162 to €312,309
- Taxes -€66,445
down €66,445 (-81.9%), from €81,161 to €14,716
- Gross operating margin -€30,376
down €30,376 (-2.8%), from €1.1m to €1.0m
- Financial charges +€19,420
up €19,420 (+537%), from €3,616 to €23,036
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,385,854 | €1,145,482 | -€240,372 | -17.3% |
| Fixed assets | 21/28 | €1,086,096 | €830,630 | -€255,466 | -23.5% |
| Intangible fixed assets | 21 | €995,437 | €722,542 | -€272,895 | -27.4% |
| Tangible fixed assets | 22/27 | €90,659 | €108,088 | +€17,429 | +19.2% |
| Plant, machinery and equipment | 23 | €2,792 | €1,898 | -€894 | -32.0% |
| Furniture and vehicles | 24 | €68,876 | €76,299 | +€7,423 | +10.8% |
| Other tangible fixed assets | 26 | €18,991 | €29,891 | +€10,900 | +57.4% |
| Current assets | 29/58 | €299,758 | €314,852 | +€15,094 | +5.0% |
| Amounts receivable within one year | 40/41 | €219,289 | €279,812 | +€60,523 | +27.6% |
| Trade receivables | 40 | €219,289 | €216,722 | -€2,567 | -1.2% |
| Other amounts receivable | 41 | - | €63,090 | +€63,090 | |
| Cash at bank and in hand | 54/58 | €69,234 | €17,066 | -€52,168 | -75.4% |
| Deferred charges and accrued income | 490/1 | €11,235 | €17,974 | +€6,739 | +60.0% |
| Total equity and liabilities | 10/49 | €1,385,854 | €1,145,482 | -€240,372 | -17.3% |
| Equity | 10/15 | €539,229 | €397,215 | -€142,014 | -26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €520,629 | €378,615 | -€142,014 | -27.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €518,769 | €376,755 | -€142,014 | -27.4% |
| Amounts payable | 17/49 | €846,625 | €748,267 | -€98,358 | -11.6% |
| Amounts payable after more than one year | 17 | €606,846 | €447,595 | -€159,251 | -26.2% |
| Financial debts | 170/4 | €606,846 | €447,595 | -€159,251 | -26.2% |
| Amounts payable within one year | 42/48 | €239,779 | €300,400 | +€60,621 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €52,603 | €102,015 | +€49,412 | +93.9% |
| Financial debts | 43 | €4,407 | - | -€4,407 | |
| Credit institutions | 430/8 | €4,407 | - | -€4,407 | |
| Trade debts | 44 | €119,245 | €135,366 | +€16,121 | +13.5% |
| Suppliers | 440/4 | €119,245 | €135,366 | +€16,121 | +13.5% |
| Taxes, remuneration and social security | 45 | €63,524 | €63,019 | -€505 | -0.8% |
| Taxes | 450/3 | €2,500 | €282 | -€2,218 | -88.7% |
| Remuneration and social security | 454/9 | €61,024 | €62,737 | +€1,713 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €272 | +€272 | |
| Remuneration, social security and pensions | 62 | €561,158 | €685,866 | +€124,708 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,162 | €312,309 | +€112,147 | +56.0% |
| Other operating charges | 640/8 | €3,370 | €4,031 | +€661 | +19.6% |
| Gross operating margin | 9900 | €1,078,320 | €1,047,944 | -€30,376 | -2.8% |
| Operating profit (loss) | 9901 | €313,630 | €45,738 | -€267,892 | -85.4% |
| Financial charges | 65/66B | €3,616 | €23,036 | +€19,420 | +537% |
| Recurring financial charges | 65 | €3,616 | €23,036 | +€19,420 | +537% |
| Profit (loss) for the period before taxes | 9903 | €310,014 | €22,702 | -€287,312 | -92.7% |
| Income taxes | 67/77 | €81,161 | €14,716 | -€66,445 | -81.9% |
| Profit (loss) for the period | 9904 | €228,853 | €7,986 | -€220,867 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €228,853 | €7,986 | -€220,867 | -96.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.