LUDIMMO: 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.
LUDIMMO
Largest movements
- Tangible fixed assets -€58,379
down €58,379 (-3.8%), from €1.5m to €1.5m
of which Land and buildings: -€53,934
- Profit (loss) carried forward -€114,803
down €114,803 (-25.1%), from -€457,994 to -€572,797
- Other debts +€95,981
up €95,981 (+10.1%), from €950,605 to €1.0m
- Debts after one year -€66,029
down €66,029 (-17.8%), from €370,125 to €304,096
- Current portion of long-term debt +€20,348
up €20,348 (+68.8%), from €29,597 to €49,945
- Gross operating margin -€11,443
down €11,443, from €1,440 to -€10,003
- Taxes +€3,372
up €3,372 (+1,449%), from €233 to €3,605
- Financial charges +€1,778
up €1,778 (+6.5%), from €27,296 to €29,074
- Other operating charges +€1,765
up €1,765 (+14.7%), from €11,978 to €13,742
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 | €1,658,435 | €1,591,972 | -€66,462 | -4.0% |
| Fixed assets | 21/28 | €1,544,132 | €1,485,753 | -€58,379 | -3.8% |
| Tangible fixed assets | 22/27 | €1,544,008 | €1,485,629 | -€58,379 | -3.8% |
| Land and buildings | 22 | €1,528,894 | €1,474,961 | -€53,934 | -3.5% |
| Plant, machinery and equipment | 23 | €999 | €999 | = | 0.0% |
| Furniture and vehicles | 24 | €14,115 | €9,670 | -€4,445 | -31.5% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €114,302 | €106,219 | -€8,083 | -7.1% |
| Amounts receivable within one year | 40/41 | €108,770 | €105,538 | -€3,232 | -3.0% |
| Trade receivables | 40 | €74,409 | €71,245 | -€3,164 | -4.3% |
| Other amounts receivable | 41 | €34,361 | €34,292 | -€68 | -0.2% |
| Cash at bank and in hand | 54/58 | €5,533 | €681 | -€4,851 | -87.7% |
| Total equity and liabilities | 10/49 | €1,658,435 | €1,591,972 | -€66,462 | -4.0% |
| Equity | 10/15 | €238,769 | €123,966 | -€114,803 | -48.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €32,077 | €30,871 | -€1,206 | -3.8% |
| Reserves | 13 | €414,686 | €415,893 | +€1,206 | +0.3% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,928 | €196,928 | = | 0.0% |
| Distributable reserves | 133 | €192,759 | €193,965 | +€1,206 | +0.6% |
| Profit (loss) carried forward | 14 | -€457,994 | -€572,797 | -€114,803 | -25.1% |
| Provisions and deferred taxes | 16 | €65,643 | €65,643 | = | 0.0% |
| Deferred taxes | 168 | €65,643 | €65,643 | = | 0.0% |
| Amounts payable | 17/49 | €1,354,022 | €1,402,363 | +€48,341 | +3.6% |
| Amounts payable after more than one year | 17 | €370,125 | €304,096 | -€66,029 | -17.8% |
| Financial debts | 170/4 | €370,125 | €304,096 | -€66,029 | -17.8% |
| Amounts payable within one year | 42/48 | €983,898 | €1,098,268 | +€114,370 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €29,597 | €49,945 | +€20,348 | +68.8% |
| Trade debts | 44 | €3,221 | €1,495 | -€1,726 | -53.6% |
| Suppliers | 440/4 | €3,221 | €1,495 | -€1,726 | -53.6% |
| Taxes, remuneration and social security | 45 | €475 | €242 | -€233 | -49.1% |
| Taxes | 450/3 | €475 | €242 | -€233 | -49.1% |
| Other amounts payable | 47/48 | €950,605 | €1,046,586 | +€95,981 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,379 | €58,379 | = | 0.0% |
| Other operating charges | 640/8 | €11,978 | €13,742 | +€1,765 | +14.7% |
| Gross operating margin | 9900 | €1,440 | -€10,003 | -€11,443 | |
| Operating profit (loss) | 9901 | -€68,917 | -€82,124 | -€13,208 | -19.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €27,296 | €29,074 | +€1,778 | +6.5% |
| Recurring financial charges | 65 | €27,296 | €29,074 | +€1,778 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€96,212 | -€111,198 | -€14,986 | -15.6% |
| Income taxes | 67/77 | €233 | €3,605 | +€3,372 | +1,449% |
| Profit (loss) for the period | 9904 | -€96,445 | -€114,803 | -€18,358 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,445 | -€114,803 | -€18,358 | -19.0% |
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 14 October 2026 via checked.be.