LuDa Mara: 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.
LuDa Mara
Largest movements
- Stocks and contracts +€392,105
up €392,105 (+54.6%), from €718,350 to €1.1m
- Cash -€37,515
down €37,515 (-56.7%), from €66,184 to €28,669
mainly Other debts (-€409,002) and Stocks and contracts (-€392,105)
- Receivables within one year +€26,057
up €26,057 (+51.7%), from €50,441 to €76,499
of which Other amounts receivable: +€26,057
- Debts after one year +€692,600
new in 2025: €692,600
- Other debts -€409,002
down €409,002 (-59.1%), from €692,232 to €283,230
- Reserves +€90,432
up €90,432 (+80.8%), from €111,878 to €202,310
- Other operating charges +€6,689
up €6,689 (+406%), from €1,647 to €8,336
- Taxes -€6,380
down €6,380 (-12.6%), from €50,587 to €44,206
- Financial charges +€5,359
up €5,359 (+208%), from €2,575 to €7,933
- Depreciation +€2,215
up €2,215 (+42.4%), from €5,222 to €7,437
- Gross operating margin +€1,797
up €1,797 (+1.1%), from €156,531 to €158,328
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 | €860,726 | €1,242,034 | +€381,308 | +44.3% |
| Fixed assets | 21/28 | €24,525 | €17,088 | -€7,437 | -30.3% |
| Tangible fixed assets | 22/27 | €24,525 | €17,088 | -€7,437 | -30.3% |
| Furniture and vehicles | 24 | €24,525 | €17,088 | -€7,437 | -30.3% |
| Current assets | 29/58 | €836,201 | €1,224,946 | +€388,745 | +46.5% |
| Stocks and contracts in progress | 3 | €718,350 | €1,110,455 | +€392,105 | +54.6% |
| Stocks | 30/36 | €718,350 | €1,110,455 | +€392,105 | +54.6% |
| Amounts receivable within one year | 40/41 | €50,441 | €76,499 | +€26,057 | +51.7% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €32,291 | €58,349 | +€26,057 | +80.7% |
| Cash at bank and in hand | 54/58 | €66,184 | €28,669 | -€37,515 | -56.7% |
| Deferred charges and accrued income | 490/1 | €1,225 | €9,323 | +€8,097 | +661% |
| Total equity and liabilities | 10/49 | €860,726 | €1,242,034 | +€381,308 | +44.3% |
| Equity | 10/15 | €111,978 | €202,410 | +€90,432 | +80.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €111,878 | €202,310 | +€90,432 | +80.8% |
| Distributable reserves | 133 | €111,878 | €202,310 | +€90,432 | +80.8% |
| Amounts payable | 17/49 | €748,748 | €1,039,624 | +€290,876 | +38.8% |
| Amounts payable after more than one year | 17 | - | €692,600 | +€692,600 | |
| Financial debts | 170/4 | - | €692,600 | +€692,600 | |
| Amounts payable within one year | 42/48 | €748,748 | €347,024 | -€401,724 | -53.7% |
| Trade debts | 44 | €527 | €3,051 | +€2,523 | +479% |
| Suppliers | 440/4 | €527 | €3,051 | +€2,523 | +479% |
| Taxes, remuneration and social security | 45 | €55,988 | €60,743 | +€4,755 | +8.5% |
| Taxes | 450/3 | €55,988 | €60,743 | +€4,755 | +8.5% |
| Other amounts payable | 47/48 | €692,232 | €283,230 | -€409,002 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,222 | €7,437 | +€2,215 | +42.4% |
| Other operating charges | 640/8 | €1,647 | €8,336 | +€6,689 | +406% |
| Gross operating margin | 9900 | €156,531 | €158,328 | +€1,797 | +1.1% |
| Operating profit (loss) | 9901 | €149,662 | €142,555 | -€7,107 | -4.7% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €2,575 | €7,933 | +€5,359 | +208% |
| Recurring financial charges | 65 | €2,575 | €7,933 | +€5,359 | +208% |
| Profit (loss) for the period before taxes | 9903 | €147,088 | €134,639 | -€12,449 | -8.5% |
| Income taxes | 67/77 | €50,587 | €44,206 | -€6,380 | -12.6% |
| Profit (loss) for the period | 9904 | €96,501 | €90,432 | -€6,069 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,501 | €90,432 | -€6,069 | -6.3% |
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 17 October 2026 via checked.be.