LUDEFOOT: what changed
Two fiscal 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.
LUDEFOOT
Largest movements
- Receivables within one year +€2,675
up €2,675 (+8.1%), from €33,042 to €35,716
- Profit (loss) carried forward -€40,956
down €40,956 (-84.7%), from €48,327 to €7,372
- Short-term financial debts +€40,000
new in 2025: €40,000
- Tax, wage and social debts +€6,728
up €6,728 (+14.8%), from €45,326 to €52,054
of which Taxes: +€6,706
- Trade debts -€3,321
down €3,321 (-63.4%), from €5,237 to €1,916
- Gross operating margin -€65,894
down €65,894, from €26,637 to -€39,256
- Taxes -€7,850
no longer reported in 2025 (was €7,850)
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.
Cash bridge derived
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 | €113,150 | €115,602 | +€2,452 | +2.2% |
| Fixed assets | 21/28 | €28,592 | €28,315 | -€277 | -1.0% |
| Tangible fixed assets | 22/27 | €8,803 | €8,526 | -€277 | -3.1% |
| Plant, machinery and equipment | 23 | €3,934 | €4,170 | +€236 | +6.0% |
| Furniture and vehicles | 24 | €4,869 | €4,356 | -€512 | -10.5% |
| Financial fixed assets | 28 | €19,789 | €19,789 | = | 0.0% |
| Current assets | 29/58 | €84,558 | €87,286 | +€2,728 | +3.2% |
| Amounts receivable within one year | 40/41 | €33,042 | €35,716 | +€2,675 | +8.1% |
| Other amounts receivable | 41 | €33,042 | €35,716 | +€2,675 | +8.1% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,586 | €8,585 | -€1 | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,930 | €2,985 | +€55 | +1.9% |
| Total equity and liabilities | 10/49 | €113,150 | €115,602 | +€2,452 | +2.2% |
| Equity | 10/15 | €62,587 | €21,632 | -€40,956 | -65.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,327 | €7,372 | -€40,956 | -84.7% |
| Amounts payable | 17/49 | €50,563 | €93,970 | +€43,407 | +85.8% |
| Amounts payable within one year | 42/48 | €50,563 | €93,970 | +€43,407 | +85.8% |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Credit institutions | 430/8 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €5,237 | €1,916 | -€3,321 | -63.4% |
| Suppliers | 440/4 | €5,237 | €1,916 | -€3,321 | -63.4% |
| Taxes, remuneration and social security | 45 | €45,326 | €52,054 | +€6,728 | +14.8% |
| Taxes | 450/3 | €41,951 | €48,657 | +€6,706 | +16.0% |
| Remuneration and social security | 454/9 | €3,375 | €3,396 | +€21 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,708 | €1,430 | -€278 | -16.3% |
| Other operating charges | 640/8 | €702 | €878 | +€176 | +25.1% |
| Gross operating margin | 9900 | €26,637 | -€39,256 | -€65,894 | |
| Operating profit (loss) | 9901 | €24,228 | -€41,564 | -€65,791 | |
| Financial income | 75/76B | €505 | €617 | +€112 | +22.2% |
| Recurring financial income | 75 | €505 | €617 | +€112 | +22.2% |
| Financial charges | 65/66B | €88 | €9 | -€79 | -90.1% |
| Recurring financial charges | 65 | €88 | €9 | -€79 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | €24,645 | -€40,956 | -€65,600 | |
| Income taxes | 67/77 | €7,850 | - | -€7,850 | |
| Profit (loss) for the period | 9904 | €16,794 | -€40,956 | -€57,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,794 | -€40,956 | -€57,750 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.