LUD'Ô: 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.
LUD'Ô
Largest movements
- Tangible fixed assets +€20,509
up €20,509 (+186%), from €11,038 to €31,547
of which Leasing and similar rights: +€28,543
- Cash +€15,150
up €15,150 (+60.1%), from €25,213 to €40,363
mainly Debts after one year (+€16,096) and Net result for the year (+€10,339)
- Receivables within one year +€2,278
up €2,278 (+47.0%), from €4,850 to €7,128
of which Trade receivables: +€1,619
- Debts after one year +€16,096
new in 2025: €16,096
- Reserves +€10,000
up €10,000 (+33.3%), from €30,000 to €40,000
- Trade debts +€6,078
up €6,078 (+583%), from €1,042 to €7,120
- Current portion of long-term debt +€5,992
new in 2025: €5,992
- Advances received +€1,035
new in 2025: €1,035
- Depreciation +€7,339
up €7,339 (+424%), from €1,731 to €9,070
- Gross operating margin +€2,461
up €2,461 (+9.9%), from €24,914 to €27,375
- Financial charges +€1,046
up €1,046 (+184%), from €569 to €1,615
- Other operating charges -€674
down €674 (-43.0%), from €1,568 to €894
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 | €41,201 | €79,791 | +€38,589 | +93.7% |
| Fixed assets | 21/28 | €11,138 | €31,647 | +€20,509 | +184% |
| Tangible fixed assets | 22/27 | €11,038 | €31,547 | +€20,509 | +186% |
| Furniture and vehicles | 24 | €8,035 | - | -€8,035 | |
| Leasing and similar rights | 25 | €3,003 | €31,547 | +€28,543 | +950% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €30,063 | €48,144 | +€18,081 | +60.1% |
| Amounts receivable within one year | 40/41 | €4,850 | €7,128 | +€2,278 | +47.0% |
| Trade receivables | 40 | €3,694 | €5,313 | +€1,619 | +43.8% |
| Other amounts receivable | 41 | €1,156 | €1,815 | +€659 | +57.0% |
| Cash at bank and in hand | 54/58 | €25,213 | €40,363 | +€15,150 | +60.1% |
| Deferred charges and accrued income | 490/1 | - | €653 | +€653 | |
| Total equity and liabilities | 10/49 | €41,201 | €79,791 | +€38,589 | +93.7% |
| Equity | 10/15 | €34,437 | €44,776 | +€10,339 | +30.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Distributable reserves | 133 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Profit (loss) carried forward | 14 | €437 | €776 | +€339 | +77.5% |
| Amounts payable | 17/49 | €6,764 | €35,014 | +€28,250 | +418% |
| Amounts payable after more than one year | 17 | - | €16,096 | +€16,096 | |
| Financial debts | 170/4 | - | €16,096 | +€16,096 | |
| Amounts payable within one year | 42/48 | €6,764 | €18,918 | +€12,154 | +180% |
| Current portion of amounts payable after more than one year | 42 | - | €5,992 | +€5,992 | |
| Trade debts | 44 | €1,042 | €7,120 | +€6,078 | +583% |
| Suppliers | 440/4 | €1,042 | €7,120 | +€6,078 | +583% |
| Advances received on contracts in progress | 46 | - | €1,035 | +€1,035 | |
| Taxes, remuneration and social security | 45 | €5,290 | €4,715 | -€575 | -10.9% |
| Taxes | 450/3 | €5,290 | €4,715 | -€575 | -10.9% |
| Other amounts payable | 47/48 | €432 | €56 | -€376 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,731 | €9,070 | +€7,339 | +424% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €233 | +€233 | |
| Other operating charges | 640/8 | €1,568 | €894 | -€674 | -43.0% |
| Gross operating margin | 9900 | €24,914 | €27,375 | +€2,461 | +9.9% |
| Operating profit (loss) | 9901 | €21,615 | €17,178 | -€4,437 | -20.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €569 | €1,615 | +€1,046 | +184% |
| Recurring financial charges | 65 | €569 | €1,615 | +€1,046 | +184% |
| Profit (loss) for the period before taxes | 9903 | €21,046 | €15,563 | -€5,483 | -26.1% |
| Income taxes | 67/77 | €5,286 | €5,224 | -€62 | -1.2% |
| Profit (loss) for the period | 9904 | €15,760 | €10,339 | -€5,421 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,760 | €10,339 | -€5,421 | -34.4% |
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 23 October 2026 via checked.be.