i-LUDUS: 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.
i-LUDUS
Largest movements
- Cash +€76,944
up €76,944 (+29.6%), from €260,285 to €337,230
mainly Net result for the year (+€75,768) and Debts after one year (+€24,137)
- Tangible fixed assets +€38,419
up €38,419 (+775%), from €4,954 to €43,373
of which Leasing and similar rights: +€41,119
- Receivables within one year +€11,467
up €11,467 (+32.5%), from €35,237 to €46,704
of which Trade receivables: +€11,527
- Reserves +€75,700
up €75,700 (+29.1%), from €259,776 to €335,476
- Debts after one year +€24,137
new in 2025: €24,137
- Trade debts +€12,106
up €12,106 (+12,873%), from €94 to €12,200
- Current portion of long-term debt +€7,678
new in 2025: €7,678
- Tax, wage and social debts +€6,394
up €6,394 (+47.3%), from €13,521 to €19,915
- Gross operating margin +€58,938
up €58,938 (+110%), from €53,357 to €112,295
- Taxes +€17,686
up €17,686 (+142%), from €12,489 to €30,175
- Other operating charges +€1,365
up €1,365 (+109%), from €1,255 to €2,619
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 | €306,719 | €432,921 | +€126,202 | +41.1% |
| Fixed assets | 21/28 | €4,954 | €43,373 | +€38,419 | +775% |
| Tangible fixed assets | 22/27 | €4,954 | €43,373 | +€38,419 | +775% |
| Furniture and vehicles | 24 | €4,954 | €2,254 | -€2,700 | -54.5% |
| Leasing and similar rights | 25 | - | €41,119 | +€41,119 | |
| Current assets | 29/58 | €301,765 | €389,548 | +€87,783 | +29.1% |
| Amounts receivable within one year | 40/41 | €35,237 | €46,704 | +€11,467 | +32.5% |
| Trade receivables | 40 | €15,730 | €27,257 | +€11,527 | +73.3% |
| Other amounts receivable | 41 | €19,507 | €19,447 | -€60 | -0.3% |
| Cash at bank and in hand | 54/58 | €260,285 | €337,230 | +€76,944 | +29.6% |
| Deferred charges and accrued income | 490/1 | €6,242 | €5,613 | -€629 | -10.1% |
| Total equity and liabilities | 10/49 | €306,719 | €432,921 | +€126,202 | +41.1% |
| Equity | 10/15 | €292,752 | €368,521 | +€75,768 | +25.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €259,776 | €335,476 | +€75,700 | +29.1% |
| Distributable reserves | 133 | €259,776 | €335,476 | +€75,700 | +29.1% |
| Profit (loss) carried forward | 14 | €20,577 | €20,645 | +€68 | +0.3% |
| Amounts payable | 17/49 | €13,967 | €64,400 | +€50,434 | +361% |
| Amounts payable after more than one year | 17 | - | €24,137 | +€24,137 | |
| Financial debts | 170/4 | - | €24,137 | +€24,137 | |
| Amounts payable within one year | 42/48 | €13,967 | €40,263 | +€26,296 | +188% |
| Current portion of amounts payable after more than one year | 42 | - | €7,678 | +€7,678 | |
| Financial debts | 43 | €35 | €122 | +€87 | +244% |
| Credit institutions | 430/8 | €35 | €122 | +€87 | +244% |
| Trade debts | 44 | €94 | €12,200 | +€12,106 | +12,873% |
| Suppliers | 440/4 | €94 | €12,200 | +€12,106 | +12,873% |
| Taxes, remuneration and social security | 45 | €13,521 | €19,915 | +€6,394 | +47.3% |
| Taxes | 450/3 | €13,521 | €19,915 | +€6,394 | +47.3% |
| Other amounts payable | 47/48 | €316 | €348 | +€32 | +10.1% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,538 | €3,288 | +€750 | +29.5% |
| Other operating charges | 640/8 | €1,255 | €2,619 | +€1,365 | +109% |
| Gross operating margin | 9900 | €53,357 | €112,295 | +€58,938 | +110% |
| Operating profit (loss) | 9901 | €49,564 | €106,387 | +€56,823 | +115% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €367 | €444 | +€76 | +20.8% |
| Recurring financial charges | 65 | €367 | €444 | +€76 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €49,197 | €105,943 | +€56,747 | +115% |
| Income taxes | 67/77 | €12,489 | €30,175 | +€17,686 | +142% |
| Profit (loss) for the period | 9904 | €36,708 | €75,768 | +€39,061 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €36,708 | €75,768 | +€39,061 | +106% |
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 21 October 2026 via checked.be.