Ludamix: 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.
Ludamix
Largest movements
- Receivables within one year +€57,935
up €57,935 (+3,118%), from €1,858 to €59,793
of which Other amounts receivable: +€58,306
- Stocks and contracts -€50,393
down €50,393 (-12.9%), from €389,919 to €339,526
- Cash +€34,033
up €34,033 (+550%), from €6,191 to €40,224
mainly Short-term financial debts (+€201,391) and Net result for the year (+€76,573)
- Tangible fixed assets +€18,165
up €18,165 (+5.4%), from €335,576 to €353,740
of which Furniture and vehicles: +€29,949
- Short-term financial debts +€201,391
up €201,391 (+134%), from €150,000 to €351,391
- Debts after one year -€184,189
down €184,189 (-50.6%), from €364,134 to €179,945
of which Financial debts: -€146,540
- Reserves +€76,573
up €76,573 (+523%), from €14,641 to €91,215
of which Tax-exempt reserves: +€42,100
- Other debts -€39,725
no longer reported in 2025 (was €39,725)
- Gross operating margin +€122,406
up €122,406 (+310%), from €39,536 to €161,942
- Taxes +€33,455
up €33,455 (+2,177%), from €1,537 to €34,992
- Other operating charges +€9,547
up €9,547 (+746%), from €1,280 to €10,827
- Financial charges +€4,894
up €4,894 (+27.3%), from €17,956 to €22,850
- Depreciation +€3,749
up €3,749 (+25.0%), from €14,986 to €18,735
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 | €735,706 | €793,283 | +€57,576 | +7.8% |
| Fixed assets | 21/28 | €337,576 | €353,740 | +€16,165 | +4.8% |
| Tangible fixed assets | 22/27 | €335,576 | €353,740 | +€18,165 | +5.4% |
| Land and buildings | 22 | €334,536 | €322,851 | -€11,685 | -3.5% |
| Plant, machinery and equipment | 23 | €748 | €648 | -€100 | -13.4% |
| Furniture and vehicles | 24 | €292 | €30,241 | +€29,949 | +10,265% |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €398,131 | €439,542 | +€41,412 | +10.4% |
| Stocks and contracts in progress | 3 | €389,919 | €339,526 | -€50,393 | -12.9% |
| Stocks | 30/36 | €389,919 | €339,526 | -€50,393 | -12.9% |
| Amounts receivable within one year | 40/41 | €1,858 | €59,793 | +€57,935 | +3,118% |
| Trade receivables | 40 | €371 | - | -€371 | |
| Other amounts receivable | 41 | €1,487 | €59,793 | +€58,306 | +3,922% |
| Cash at bank and in hand | 54/58 | €6,191 | €40,224 | +€34,033 | +550% |
| Deferred charges and accrued income | 490/1 | €163 | - | -€163 | |
| Total equity and liabilities | 10/49 | €735,706 | €793,283 | +€57,576 | +7.8% |
| Equity | 10/15 | €154,641 | €231,215 | +€76,573 | +49.5% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €14,641 | €91,215 | +€76,573 | +523% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €14,641 | €49,115 | +€34,473 | +235% |
| Amounts payable | 17/49 | €581,065 | €562,068 | -€18,997 | -3.3% |
| Amounts payable after more than one year | 17 | €364,134 | €179,945 | -€184,189 | -50.6% |
| Financial debts | 170/4 | €326,485 | €179,945 | -€146,540 | -44.9% |
| Other amounts payable | 178/9 | €37,649 | - | -€37,649 | |
| Amounts payable within one year | 42/48 | €216,931 | €382,123 | +€165,192 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | €14,408 | €18,627 | +€4,219 | +29.3% |
| Financial debts | 43 | €150,000 | €351,391 | +€201,391 | +134% |
| Other loans | 439 | €150,000 | €351,391 | +€201,391 | +134% |
| Trade debts | 44 | €10,374 | €12,106 | +€1,731 | +16.7% |
| Suppliers | 440/4 | €10,374 | €12,106 | +€1,731 | +16.7% |
| Taxes, remuneration and social security | 45 | €2,424 | - | -€2,424 | |
| Taxes | 450/3 | €1,537 | - | -€1,537 | |
| Remuneration and social security | 454/9 | €887 | - | -€887 | |
| Other amounts payable | 47/48 | €39,725 | - | -€39,725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,986 | €18,735 | +€3,749 | +25.0% |
| Other operating charges | 640/8 | €1,280 | €10,827 | +€9,547 | +746% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €39,536 | €161,942 | +€122,406 | +310% |
| Operating profit (loss) | 9901 | €23,269 | €132,315 | +€109,046 | +469% |
| Financial income | 75/76B | - | €2,100 | +€2,100 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Non-recurring financial income | 76B | - | €2,080 | +€2,080 | |
| Financial charges | 65/66B | €17,956 | €22,850 | +€4,894 | +27.3% |
| Recurring financial charges | 65 | €17,956 | €22,850 | +€4,894 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €5,314 | €111,565 | +€106,252 | +2,000% |
| Income taxes | 67/77 | €1,537 | €34,992 | +€33,455 | +2,177% |
| Profit (loss) for the period | 9904 | €3,777 | €76,573 | +€72,796 | +1,927% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,777 | €34,473 | +€30,696 | +813% |
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 13 October 2026 via checked.be.