LADIN: 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.
LADIN
Largest movements
- Cash -€12,077
down €12,077 (-7.0%), from €172,514 to €160,437
mainly Net result for the year (-€19,903) and Trade debts (-€931)
- Tangible fixed assets -€6,600
down €6,600 (-2.4%), from €279,851 to €273,251
of which Furniture and vehicles: -€6,058
- Profit (loss) carried forward -€19,903
down €19,903 (-7.1%), from €278,810 to €258,907
- Other operating charges -€5,142
down €5,142 (-66.1%), from €7,782 to €2,640
- Gross operating margin +€1,998
up €1,998 (+15.5%), from -€12,864 to -€10,866
- Taxes -€623
down €623, from €432 to -€191
- Staff costs -€490
no longer reported in 2025 (was €490)
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 | €454,580 | €434,320 | -€20,260 | -4.5% |
| Fixed assets | 21/28 | €279,851 | €273,251 | -€6,600 | -2.4% |
| Tangible fixed assets | 22/27 | €279,851 | €273,251 | -€6,600 | -2.4% |
| Land and buildings | 22 | €271,570 | €271,260 | -€310 | -0.1% |
| Plant, machinery and equipment | 23 | €708 | €476 | -€232 | -32.8% |
| Furniture and vehicles | 24 | €7,573 | €1,515 | -€6,058 | -80.0% |
| Current assets | 29/58 | €174,729 | €161,069 | -€13,660 | -7.8% |
| Amounts receivable within one year | 40/41 | €1,491 | €324 | -€1,167 | -78.3% |
| Other amounts receivable | 41 | €1,491 | €324 | -€1,167 | -78.3% |
| Cash at bank and in hand | 54/58 | €172,514 | €160,437 | -€12,077 | -7.0% |
| Deferred charges and accrued income | 490/1 | €724 | €308 | -€416 | -57.4% |
| Total equity and liabilities | 10/49 | €454,580 | €434,320 | -€20,260 | -4.5% |
| Equity | 10/15 | €449,237 | €429,334 | -€19,903 | -4.4% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | €154,933 | €154,933 | = | 0.0% |
| Issued capital | 100 | €154,933 | €154,933 | = | 0.0% |
| Reserves | 13 | €15,493 | €15,493 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,493 | €15,493 | = | 0.0% |
| Legal reserve | 130 | €15,493 | €15,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | €278,810 | €258,907 | -€19,903 | -7.1% |
| Amounts payable | 17/49 | €5,343 | €4,986 | -€357 | -6.7% |
| Amounts payable within one year | 42/48 | €3,639 | €2,440 | -€1,199 | -32.9% |
| Trade debts | 44 | €1,306 | €375 | -€931 | -71.3% |
| Suppliers | 440/4 | €1,306 | €375 | -€931 | -71.3% |
| Taxes, remuneration and social security | 45 | €2,223 | €2,065 | -€158 | -7.1% |
| Taxes | 450/3 | €2,223 | €2,065 | -€158 | -7.1% |
| Other amounts payable | 47/48 | €110 | - | -€110 | |
| Accrued charges and deferred income | 492/3 | €1,704 | €2,546 | +€842 | +49.4% |
| Non-recurring operating income | 76A | €531 | - | -€531 | |
| Remuneration, social security and pensions | 62 | €490 | - | -€490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,600 | €6,600 | = | 0.0% |
| Other operating charges | 640/8 | €7,782 | €2,640 | -€5,142 | -66.1% |
| Gross operating margin | 9900 | -€12,864 | -€10,866 | +€1,998 | +15.5% |
| Operating profit (loss) | 9901 | -€27,736 | -€20,106 | +€7,630 | +27.5% |
| Financial income | 75/76B | €1 | €80 | +€80 | +15936.0% |
| Recurring financial income | 75 | €1 | €80 | +€80 | +15936.0% |
| Financial charges | 65/66B | €69 | €68 | -€0 | -0.5% |
| Recurring financial charges | 65 | €69 | €68 | -€0 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,805 | -€20,094 | +€7,710 | +27.7% |
| Income taxes | 67/77 | €432 | -€191 | -€623 | |
| Profit (loss) for the period | 9904 | -€28,236 | -€19,903 | +€8,333 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,236 | -€19,903 | +€8,333 | +29.5% |
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 30 September 2026 via checked.be.