ludenZ: 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.
ludenZ
Largest movements
- Receivables within one year +€53,043
up €53,043 (+54.0%), from €98,155 to €151,198
of which Other amounts receivable: +€58,469
- Profit (loss) carried forward +€55,499
up €55,499 (+13.1%), from -€424,304 to -€368,805
- Trade debts -€25,972
down €25,972 (-30.4%), from €85,306 to €59,334
- Tax, wage and social debts +€23,404
up €23,404, from €0 to €23,404
of which Taxes: +€23,404
- Gross operating margin +€39,953
up €39,953 (+42.3%), from €94,362 to €134,315
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 | €188,026 | €240,957 | +€52,931 | +28.2% |
| Fixed assets | 21/28 | €87,500 | €87,500 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Financial fixed assets | 28 | €87,500 | €87,500 | = | 0.0% |
| Current assets | 29/58 | €100,526 | €153,457 | +€52,931 | +52.7% |
| Amounts receivable within one year | 40/41 | €98,155 | €151,198 | +€53,043 | +54.0% |
| Trade receivables | 40 | €98,155 | €92,730 | -€5,425 | -5.5% |
| Other amounts receivable | 41 | €0 | €58,469 | +€58,469 | |
| Cash at bank and in hand | 54/58 | €2,371 | €2,259 | -€113 | -4.7% |
| Total equity and liabilities | 10/49 | €188,026 | €240,957 | +€52,931 | +28.2% |
| Equity | 10/15 | €102,721 | €158,219 | +€55,499 | +54.0% |
| Contributions | 10/11 | €527,025 | €527,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€424,304 | -€368,805 | +€55,499 | +13.1% |
| Amounts payable | 17/49 | €85,306 | €82,737 | -€2,568 | -3.0% |
| Amounts payable within one year | 42/48 | €85,306 | €82,737 | -€2,568 | -3.0% |
| Trade debts | 44 | €85,306 | €59,334 | -€25,972 | -30.4% |
| Suppliers | 440/4 | €85,306 | €59,334 | -€25,972 | -30.4% |
| Taxes, remuneration and social security | 45 | €0 | €23,404 | +€23,404 | |
| Taxes | 450/3 | - | €23,404 | +€23,404 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €77,510 | €78,598 | +€1,088 | +1.4% |
| Non-recurring operating charges | 66A | €131,128 | - | -€131,128 | |
| Gross operating margin | 9900 | €94,362 | €134,315 | +€39,953 | +42.3% |
| Operating profit (loss) | 9901 | -€114,276 | €55,716 | +€169,992 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €0 | €218 | +€218 | |
| Recurring financial charges | 65 | €0 | €218 | +€218 | |
| Profit (loss) for the period before taxes | 9903 | -€114,276 | €55,499 | +€169,775 | |
| Profit (loss) for the period | 9904 | -€114,276 | €55,499 | +€169,775 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,276 | €55,499 | +€169,775 |
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 10 October 2026 via checked.be.