DELESPESSE LUDOVIC: 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.
DELESPESSE LUDOVIC
Largest movements
- Receivables within one year +€8,304
up €8,304 (+50.3%), from €16,519 to €24,823
of which Other amounts receivable: +€5,131
- Tangible fixed assets -€3,277
no longer reported in 2025 (was €3,277)
of which Furniture and vehicles: -€2,717
- Cash +€1,343
new in 2025: €1,343
mainly Net result for the year (+€12,202) and Trade debts (+€3,877)
- Deferred charges and accrued income -€1,246
no longer reported in 2025 (was €1,246)
- Profit (loss) carried forward +€12,202
up €12,202, from -€10,748 to €1,454
- Other debts -€4,211
no longer reported in 2025 (was €4,211)
- Trade debts +€3,877
up €3,877 (+31.6%), from €12,289 to €16,166
- Tax, wage and social debts -€3,716
down €3,716 (-61.9%), from €6,000 to €2,284
of which Remuneration and social security: -€4,000
- Short-term financial debts -€2,838
no longer reported in 2025 (was €2,838)
- Gross operating margin +€13,858
up €13,858 (+609%), from €2,276 to €16,134
- Depreciation +€2,408
up €2,408 (+277%), from €869 to €3,277
- Financial charges +€457
up €457 (+231%), from €198 to €655
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 | €21,043 | €26,166 | +€5,123 | +24.3% |
| Fixed assets | 21/28 | €3,277 | - | -€3,277 | |
| Tangible fixed assets | 22/27 | €3,277 | - | -€3,277 | |
| Plant, machinery and equipment | 23 | €560 | - | -€560 | |
| Furniture and vehicles | 24 | €2,717 | - | -€2,717 | |
| Current assets | 29/58 | €17,766 | €26,166 | +€8,400 | +47.3% |
| Amounts receivable within one year | 40/41 | €16,519 | €24,823 | +€8,304 | +50.3% |
| Trade receivables | 40 | €14,818 | €17,990 | +€3,172 | +21.4% |
| Other amounts receivable | 41 | €1,702 | €6,833 | +€5,131 | +301% |
| Cash at bank and in hand | 54/58 | - | €1,343 | +€1,343 | |
| Deferred charges and accrued income | 490/1 | €1,246 | - | -€1,246 | |
| Total equity and liabilities | 10/49 | €21,043 | €26,166 | +€5,123 | +24.3% |
| Equity | 10/15 | -€4,486 | €7,716 | +€12,202 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62 | €62 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62 | €62 | = | 0.0% |
| Reserves not available under the articles | 1311 | €62 | €62 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,748 | €1,454 | +€12,202 | |
| Amounts payable | 17/49 | €25,529 | €18,450 | -€7,079 | -27.7% |
| Amounts payable within one year | 42/48 | €25,529 | €18,450 | -€7,079 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €191 | - | -€191 | |
| Financial debts | 43 | €2,838 | - | -€2,838 | |
| Other loans | 439 | €2,838 | - | -€2,838 | |
| Trade debts | 44 | €12,289 | €16,166 | +€3,877 | +31.6% |
| Suppliers | 440/4 | €12,289 | €16,166 | +€3,877 | +31.6% |
| Taxes, remuneration and social security | 45 | €6,000 | €2,284 | -€3,716 | -61.9% |
| Taxes | 450/3 | €2,000 | €2,284 | +€284 | +14.2% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €4,211 | - | -€4,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €869 | €3,277 | +€2,408 | +277% |
| Other operating charges | 640/8 | €149 | - | -€149 | |
| Gross operating margin | 9900 | €2,276 | €16,134 | +€13,858 | +609% |
| Operating profit (loss) | 9901 | €1,258 | €12,857 | +€11,599 | +922% |
| Financial charges | 65/66B | €198 | €655 | +€457 | +231% |
| Recurring financial charges | 65 | €198 | €655 | +€457 | +231% |
| Profit (loss) for the period before taxes | 9903 | €1,060 | €12,202 | +€11,142 | +1,051% |
| Profit (loss) for the period | 9904 | €1,060 | €12,202 | +€11,142 | +1,051% |
| Profit (loss) for the period to be appropriated | 9905 | €1,060 | €12,202 | +€11,142 | +1,051% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.