LADIK: 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.
LADIK
Largest movements
- Receivables within one year +€26,175
up €26,175 (+85.5%), from €30,615 to €56,790
of which Other amounts receivable: +€17,285
- Trade debts +€15,089
up €15,089 (+3574.1%), from €422 to €15,512
- Reserves +€6,689
up €6,689 (+5.8%), from €114,888 to €121,577
of which Distributable reserves: +€6,689
- Tax, wage and social debts +€2,881
up €2,881 (+118.3%), from €2,436 to €5,317
- Gross operating margin -€38,738
down €38,738 (-79.5%), from €48,705 to €9,967
- Taxes -€14,936
down €14,936 (-83.8%), from €17,817 to €2,881
- Staff costs -€3,947
no longer reported in 2025 (was €3,947)
- Other operating charges -€2,054
down €2,054 (-97.1%), from €2,116 to €62
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 | €136,346 | €161,006 | +€24,660 | +18.1% |
| Fixed assets | 21/28 | €7,720 | €6,473 | -€1,247 | -16.2% |
| Tangible fixed assets | 22/27 | €2,920 | €1,673 | -€1,247 | -42.7% |
| Land and buildings | 22 | €811 | €584 | -€228 | -28.0% |
| Furniture and vehicles | 24 | €2,109 | €1,089 | -€1,019 | -48.3% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €128,626 | €154,533 | +€25,907 | +20.1% |
| Stocks and contracts in progress | 3 | €2,812 | €2,944 | +€131 | +4.7% |
| Stocks | 30/36 | €2,812 | €2,944 | +€131 | +4.7% |
| Amounts receivable within one year | 40/41 | €30,615 | €56,790 | +€26,175 | +85.5% |
| Trade receivables | 40 | €15,487 | €24,376 | +€8,890 | +57.4% |
| Other amounts receivable | 41 | €15,129 | €32,413 | +€17,285 | +114.3% |
| Cash at bank and in hand | 54/58 | €93,661 | €93,392 | -€270 | -0.3% |
| Deferred charges and accrued income | 490/1 | €1,537 | €1,408 | -€129 | -8.4% |
| Total equity and liabilities | 10/49 | €136,346 | €161,006 | +€24,660 | +18.1% |
| Equity | 10/15 | €133,488 | €140,177 | +€6,689 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,888 | €121,577 | +€6,689 | +5.8% |
| 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 | €113,028 | €119,717 | +€6,689 | +5.9% |
| Amounts payable | 17/49 | €2,858 | €20,829 | +€17,971 | +628.8% |
| Amounts payable within one year | 42/48 | €2,858 | €20,829 | +€17,971 | +628.8% |
| Trade debts | 44 | €422 | €15,512 | +€15,089 | +3574.1% |
| Suppliers | 440/4 | €422 | €15,512 | +€15,089 | +3574.1% |
| Taxes, remuneration and social security | 45 | €2,436 | €5,317 | +€2,881 | +118.3% |
| Taxes | 450/3 | €2,436 | €5,317 | +€2,881 | +118.3% |
| Remuneration, social security and pensions | 62 | €3,947 | - | -€3,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €1,247 | -€378 | -23.3% |
| Other operating charges | 640/8 | €2,116 | €62 | -€2,054 | -97.1% |
| Gross operating margin | 9900 | €48,705 | €9,967 | -€38,738 | -79.5% |
| Operating profit (loss) | 9901 | €41,017 | €8,658 | -€32,359 | -78.9% |
| Financial income | 75/76B | €1,040 | €1,109 | +€69 | +6.7% |
| Recurring financial income | 75 | €1,040 | €1,109 | +€69 | +6.7% |
| Financial charges | 65/66B | €336 | €197 | -€139 | -41.3% |
| Recurring financial charges | 65 | €336 | €197 | -€139 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €41,721 | €9,571 | -€32,151 | -77.1% |
| Income taxes | 67/77 | €17,817 | €2,881 | -€14,936 | -83.8% |
| Profit (loss) for the period | 9904 | €23,904 | €6,689 | -€17,214 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,904 | €6,689 | -€17,214 | -72.0% |
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 10 October 2026 via checked.be.