LUDICORP: 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.
LUDICORP
Largest movements
- Cash +€249,787
up €249,787 (+597.7%), from €41,793 to €291,580
mainly Current investments (+€160,000) and Net result for the year (+€107,095)
- Current investments -€160,000
no longer reported in 2025 (was €160,000)
- Receivables within one year -€19,143
down €19,143 (-47.5%), from €40,286 to €21,143
- Tangible fixed assets -€12,313
down €12,313 (-26.8%), from €45,879 to €33,566
of which Furniture and vehicles: -€8,730
- Profit (loss) carried forward +€92,095
up €92,095 (+34.8%), from €264,666 to €356,761
- Debts after one year -€26,524
down €26,524 (-37.5%), from €70,802 to €44,278
- Tax, wage and social debts -€17,476
down €17,476 (-48.6%), from €35,944 to €18,468
- Other debts +€14,732
up €14,732 (+443.1%), from €3,325 to €18,057
- Gross operating margin +€11,905
up €11,905 (+8.8%), from €134,771 to €146,676
- Taxes +€4,094
up €4,094 (+15.5%), from €26,485 to €30,579
- Financial income +€2,420
up €2,420 (+68.0%), from €3,560 to €5,980
- Other operating charges -€1,709
no longer reported in 2025 (was €1,709)
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 | €399,958 | €458,289 | +€58,331 | +14.6% |
| Fixed assets | 21/28 | €157,879 | €145,566 | -€12,313 | -7.8% |
| Tangible fixed assets | 22/27 | €45,879 | €33,566 | -€12,313 | -26.8% |
| Plant, machinery and equipment | 23 | €11,954 | €8,371 | -€3,583 | -30.0% |
| Furniture and vehicles | 24 | €33,925 | €25,195 | -€8,730 | -25.7% |
| Financial fixed assets | 28 | €112,000 | €112,000 | = | 0.0% |
| Current assets | 29/58 | €242,079 | €312,723 | +€70,644 | +29.2% |
| Amounts receivable within one year | 40/41 | €40,286 | €21,143 | -€19,143 | -47.5% |
| Trade receivables | 40 | €40,286 | €21,143 | -€19,143 | -47.5% |
| Current investments | 50/53 | €160,000 | - | -€160,000 | |
| Cash at bank and in hand | 54/58 | €41,793 | €291,580 | +€249,787 | +597.7% |
| Total equity and liabilities | 10/49 | €399,958 | €458,289 | +€58,331 | +14.6% |
| Equity | 10/15 | €269,666 | €361,761 | +€92,095 | +34.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,666 | €356,761 | +€92,095 | +34.8% |
| Amounts payable | 17/49 | €130,292 | €96,528 | -€33,764 | -25.9% |
| Amounts payable after more than one year | 17 | €70,802 | €44,278 | -€26,524 | -37.5% |
| Financial debts | 170/4 | €70,802 | €44,278 | -€26,524 | -37.5% |
| Amounts payable within one year | 42/48 | €59,490 | €52,250 | -€7,240 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €15,641 | -€4,359 | -21.8% |
| Trade debts | 44 | €221 | €84 | -€137 | -62.0% |
| Suppliers | 440/4 | €221 | €84 | -€137 | -62.0% |
| Taxes, remuneration and social security | 45 | €35,944 | €18,468 | -€17,476 | -48.6% |
| Taxes | 450/3 | €35,944 | €18,468 | -€17,476 | -48.6% |
| Other amounts payable | 47/48 | €3,325 | €18,057 | +€14,732 | +443.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,372 | €12,313 | -€59 | -0.5% |
| Other operating charges | 640/8 | €1,709 | - | -€1,709 | |
| Gross operating margin | 9900 | €134,771 | €146,676 | +€11,905 | +8.8% |
| Operating profit (loss) | 9901 | €120,690 | €134,363 | +€13,673 | +11.3% |
| Financial income | 75/76B | €3,560 | €5,980 | +€2,420 | +68.0% |
| Recurring financial income | 75 | €3,560 | €5,980 | +€2,420 | +68.0% |
| Financial charges | 65/66B | €1,807 | €2,669 | +€862 | +47.7% |
| Recurring financial charges | 65 | €1,807 | €2,669 | +€862 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €122,443 | €137,674 | +€15,231 | +12.4% |
| Income taxes | 67/77 | €26,485 | €30,579 | +€4,094 | +15.5% |
| Profit (loss) for the period | 9904 | €95,958 | €107,095 | +€11,137 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,958 | €107,095 | +€11,137 | +11.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.