LARDUM: 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.
LARDUM
Largest movements
- Cash -€5,469
down €5,469 (-31.0%), from €17,616 to €12,147
mainly Trade debts (-€9,991) and Other debts (-€7,595)
- Receivables within one year -€3,433
down €3,433 (-24.6%), from €13,964 to €10,531
of which Trade receivables: -€2,169
- Deferred charges and accrued income +€3,377
up €3,377 (+361%), from €936 to €4,313
- Tangible fixed assets -€1,452
down €1,452 (-46.3%), from €3,139 to €1,687
- Profit (loss) carried forward +€11,109
up €11,109 (+28.5%), from -€39,012 to -€27,903
- Trade debts -€9,991
down €9,991 (-26.3%), from €38,023 to €28,032
- Other debts -€7,595
down €7,595 (-16.7%), from €45,488 to €37,892
- Gross operating margin -€22,249
down €22,249 (-62.6%), from €35,559 to €13,310
- Other operating charges -€1,208
down €1,208 (-70.0%), from €1,726 to €518
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 | €63,098 | €56,621 | -€6,477 | -10.3% |
| Fixed assets | 21/28 | €7,789 | €6,337 | -€1,452 | -18.6% |
| Tangible fixed assets | 22/27 | €3,139 | €1,687 | -€1,452 | -46.3% |
| Plant, machinery and equipment | 23 | €3,139 | €1,687 | -€1,452 | -46.3% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €55,309 | €50,284 | -€5,025 | -9.1% |
| Stocks and contracts in progress | 3 | €22,793 | €23,293 | +€500 | +2.2% |
| Stocks | 30/36 | €22,793 | €23,293 | +€500 | +2.2% |
| Amounts receivable within one year | 40/41 | €13,964 | €10,531 | -€3,433 | -24.6% |
| Trade receivables | 40 | €12,393 | €10,225 | -€2,169 | -17.5% |
| Other amounts receivable | 41 | €1,571 | €307 | -€1,264 | -80.5% |
| Cash at bank and in hand | 54/58 | €17,616 | €12,147 | -€5,469 | -31.0% |
| Deferred charges and accrued income | 490/1 | €936 | €4,313 | +€3,377 | +361% |
| Total equity and liabilities | 10/49 | €63,098 | €56,621 | -€6,477 | -10.3% |
| Equity | 10/15 | -€20,412 | -€9,303 | +€11,109 | +54.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,012 | -€27,903 | +€11,109 | +28.5% |
| Amounts payable | 17/49 | €83,510 | €65,924 | -€17,586 | -21.1% |
| Amounts payable within one year | 42/48 | €83,510 | €65,924 | -€17,586 | -21.1% |
| Trade debts | 44 | €38,023 | €28,032 | -€9,991 | -26.3% |
| Suppliers | 440/4 | €38,023 | €28,032 | -€9,991 | -26.3% |
| Other amounts payable | 47/48 | €45,488 | €37,892 | -€7,595 | -16.7% |
| Non-recurring operating income | 76A | €9,487 | €749 | -€8,738 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €1,452 | = | 0.0% |
| Other operating charges | 640/8 | €1,726 | €518 | -€1,208 | -70.0% |
| Gross operating margin | 9900 | €35,559 | €13,310 | -€22,249 | -62.6% |
| Operating profit (loss) | 9901 | €32,381 | €11,340 | -€21,041 | -65.0% |
| Financial income | 75/76B | €153 | €4 | -€149 | -97.4% |
| Recurring financial income | 75 | €153 | €4 | -€149 | -97.4% |
| Financial charges | 65/66B | €294 | €235 | -€59 | -20.0% |
| Recurring financial charges | 65 | €294 | €235 | -€59 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €32,240 | €11,109 | -€21,130 | -65.5% |
| Profit (loss) for the period | 9904 | €32,240 | €11,109 | -€21,130 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,240 | €11,109 | -€21,130 | -65.5% |
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 17 October 2026 via checked.be.