TIERCE LADBROKE: 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.
TIERCE LADBROKE
Largest movements
- Receivables within one year +€560,505
up €560,505 (+27.0%), from €2.1m to €2.6m
of which Other amounts receivable: +€1.1m
- Current portion of long-term debt +€650,450
up €650,450 (+354%), from €183,971 to €834,421
- Profit (loss) carried forward -€264,202
down €264,202 (-35.1%), from €753,431 to €489,229
- Provisions +€177,775
new in 2025: €177,775
- Accrued charges and deferred income -€42,456
down €42,456 (-91.7%), from €46,306 to €3,850
- Tax, wage and social debts +€37,143
up €37,143 (+33.7%), from €110,361 to €147,504
of which Remuneration and social security: +€56,185
- Provisions +€177,775
new in 2025: €177,775
- Other operating charges -€173,185
down €173,185 (-75.7%), from €228,783 to €55,598
- Financial income +€70,573
up €70,573 (+2,304%), from €3,063 to €73,636
- Staff costs +€69,487
up €69,487 (+15.5%), from €447,443 to €516,930
- Depreciation -€36,314
no longer reported in 2025 (was €36,314)
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 | €2,197,917 | €2,765,474 | +€567,557 | +25.8% |
| Fixed assets | 21/28 | €85,000 | €85,000 | = | 0.0% |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €2,112,917 | €2,680,474 | +€567,557 | +26.9% |
| Amounts receivable within one year | 40/41 | €2,075,666 | €2,636,171 | +€560,505 | +27.0% |
| Trade receivables | 40 | €521,583 | €566 | -€521,017 | -99.9% |
| Other amounts receivable | 41 | €1,554,083 | €2,635,605 | +€1.1m | +69.6% |
| Cash at bank and in hand | 54/58 | €36,601 | €43,724 | +€7,123 | +19.5% |
| Deferred charges and accrued income | 490/1 | €650 | €579 | -€71 | -10.9% |
| Total equity and liabilities | 10/49 | €2,197,917 | €2,765,474 | +€567,557 | +25.8% |
| Contributions | 10/11 | €873,825 | €873,825 | = | 0.0% |
| Capital | 10 | €873,825 | €873,825 | = | 0.0% |
| Issued capital | 100 | €898,614 | €898,614 | = | 0.0% |
| Reserves | 13 | €125,558 | €125,558 | = | 0.0% |
| Non-distributable reserves | 130/1 | €89,861 | €89,861 | = | 0.0% |
| Legal reserve | 130 | €89,861 | €89,861 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,697 | €35,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | €753,431 | €489,229 | -€264,202 | -35.1% |
| Provisions and deferred taxes | 16 | - | €177,775 | +€177,775 | |
| Provisions for liabilities and charges | 160/5 | - | €177,775 | +€177,775 | |
| Other liabilities and charges | 164/5 | - | €177,775 | +€177,775 | |
| Amounts payable | 17/49 | €445,103 | €1,099,087 | +€653,984 | +147% |
| Amounts payable within one year | 42/48 | €398,797 | €1,095,237 | +€696,440 | +175% |
| Current portion of amounts payable after more than one year | 42 | €183,971 | €834,421 | +€650,450 | +354% |
| Trade debts | 44 | €24,819 | €18,051 | -€6,768 | -27.3% |
| Suppliers | 440/4 | €24,819 | €18,051 | -€6,768 | -27.3% |
| Taxes, remuneration and social security | 45 | €110,361 | €147,504 | +€37,143 | +33.7% |
| Taxes | 450/3 | €39,142 | €20,100 | -€19,042 | -48.6% |
| Remuneration and social security | 454/9 | €71,219 | €127,404 | +€56,185 | +78.9% |
| Other amounts payable | 47/48 | €79,646 | €95,261 | +€15,615 | +19.6% |
| Accrued charges and deferred income | 492/3 | €46,306 | €3,850 | -€42,456 | -91.7% |
| Non-recurring operating income | 76A | €1,203 | €10,668 | +€9,465 | +787% |
| Remuneration, social security and pensions | 62 | €447,443 | €516,930 | +€69,487 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,314 | - | -€36,314 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €177,775 | +€177,775 | |
| Other operating charges | 640/8 | €228,783 | €55,598 | -€173,185 | -75.7% |
| Non-recurring operating charges | 66A | €104,614 | €8,500 | -€96,114 | -91.9% |
| Gross operating margin | 9900 | €458,221 | €440,047 | -€18,174 | -4.0% |
| Operating profit (loss) | 9901 | -€358,933 | -€318,756 | +€40,177 | +11.2% |
| Financial income | 75/76B | €3,063 | €73,636 | +€70,573 | +2,304% |
| Recurring financial income | 75 | €3,063 | €73,636 | +€70,573 | +2,304% |
| Financial charges | 65/66B | €7,878 | €18,735 | +€10,857 | +138% |
| Recurring financial charges | 65 | €7,535 | €18,735 | +€11,200 | +149% |
| Non-recurring financial charges | 66B | €343 | - | -€343 | |
| Profit (loss) for the period before taxes | 9903 | -€363,748 | -€263,855 | +€99,893 | +27.5% |
| Income taxes | 67/77 | €384 | €346 | -€38 | -9.9% |
| Profit (loss) for the period | 9904 | -€364,132 | -€264,201 | +€99,931 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€364,132 | -€264,201 | +€99,931 | +27.4% |
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 29 October 2026 via checked.be.