DE GROOTE LUDWIG: 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.
DE GROOTE LUDWIG
Largest movements
- Cash -€15,064
down €15,064 (-49.9%), from €30,209 to €15,145
mainly Net result for the year (-€12,313) and Tax, wage and social debts (-€4,058)
- Tangible fixed assets -€8,115
down €8,115 (-71.8%), from €11,295 to €3,180
of which Furniture and vehicles: -€8,115
- Receivables within one year +€828
up €828 (+8.5%), from €9,774 to €10,602
of which Other amounts receivable: +€828
- Deferred charges and accrued income -€717
down €717 (-100%), from €717 to €0
- Profit (loss) carried forward -€12,313
down €12,313, from €306 to -€12,007
- Tax, wage and social debts -€4,058
down €4,058 (-73.9%), from €5,491 to €1,434
- Current portion of long-term debt -€2,948
down €2,948 (-58.0%), from €5,078 to €2,131
- Debts after one year -€2,131
down €2,131 (-100%), from €2,131 to €0
- Other debts -€1,700
down €1,700 (-100%), from €1,700 to €0
- Gross operating margin -€23,526
down €23,526, from €20,434 to -€3,092
- Taxes -€1,894
down €1,894 (-93.0%), from €2,035 to €141
- Depreciation -€1,785
down €1,785 (-18.0%), from €9,901 to €8,115
- Other operating charges -€287
down €287 (-32.9%), from €871 to €584
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 | €51,994 | €28,927 | -€23,067 | -44.4% |
| Fixed assets | 21/28 | €11,295 | €3,180 | -€8,115 | -71.8% |
| Tangible fixed assets | 22/27 | €11,295 | €3,180 | -€8,115 | -71.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €11,295 | €3,180 | -€8,115 | -71.8% |
| Current assets | 29/58 | €40,699 | €25,747 | -€14,952 | -36.7% |
| Amounts receivable within one year | 40/41 | €9,774 | €10,602 | +€828 | +8.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,774 | €10,602 | +€828 | +8.5% |
| Cash at bank and in hand | 54/58 | €30,209 | €15,145 | -€15,064 | -49.9% |
| Deferred charges and accrued income | 490/1 | €717 | €0 | -€717 | -100% |
| Total equity and liabilities | 10/49 | €51,994 | €28,927 | -€23,067 | -44.4% |
| Equity | 10/15 | €37,206 | €24,893 | -€12,313 | -33.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,500 | €24,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,500 | €24,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306 | -€12,007 | -€12,313 | |
| Amounts payable | 17/49 | €14,788 | €4,033 | -€10,755 | -72.7% |
| Amounts payable after more than one year | 17 | €2,131 | €0 | -€2,131 | -100% |
| Financial debts | 170/4 | €2,131 | €0 | -€2,131 | -100% |
| Amounts payable within one year | 42/48 | €12,657 | €4,033 | -€8,624 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €5,078 | €2,131 | -€2,948 | -58.0% |
| Trade debts | 44 | €387 | €469 | +€81 | +21.0% |
| Suppliers | 440/4 | €387 | €469 | +€81 | +21.0% |
| Taxes, remuneration and social security | 45 | €5,491 | €1,434 | -€4,058 | -73.9% |
| Taxes | 450/3 | €5,491 | €1,434 | -€4,058 | -73.9% |
| Other amounts payable | 47/48 | €1,700 | €0 | -€1,700 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,901 | €8,115 | -€1,785 | -18.0% |
| Other operating charges | 640/8 | €871 | €584 | -€287 | -32.9% |
| Gross operating margin | 9900 | €20,434 | -€3,092 | -€23,526 | |
| Operating profit (loss) | 9901 | €9,663 | -€11,791 | -€21,454 | |
| Financial charges | 65/66B | €390 | €380 | -€10 | -2.7% |
| Recurring financial charges | 65 | €390 | €380 | -€10 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €9,272 | -€12,171 | -€21,443 | |
| Income taxes | 67/77 | €2,035 | €141 | -€1,894 | -93.0% |
| Profit (loss) for the period | 9904 | €7,237 | -€12,313 | -€19,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,237 | -€12,313 | -€19,550 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.