LUDIMO: 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.
LUDIMO
Largest movements
- Tangible fixed assets -€26,606
down €26,606 (-7.7%), from €345,422 to €318,817
of which Land and buildings: -€27,853
- Current investments +€14,250
up €14,250 (+2.2%), from €660,928 to €675,178
- Cash +€13,729
up €13,729 (+49.8%), from €27,587 to €41,316
mainly Depreciation (+€32,012) and Net result for the year (+€10,764)
- Other debts -€14,227
down €14,227 (-4.8%), from €295,856 to €281,630
- Reserves +€10,764
up €10,764 (+16.0%), from €67,100 to €77,864
of which Distributable reserves: +€10,764
- Depreciation -€14,284
down €14,284 (-30.9%), from €46,296 to €32,012
- Gross operating margin +€10,820
up €10,820 (+126.2%), from €8,574 to €19,395
- Financial income +€7,866
up €7,866 (+28.9%), from €27,177 to €35,043
- Financial charges +€1,767
up €1,767 (+294.6%), from €600 to €2,367
- Taxes +€1,076
new in 2025: €1,076
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 | €1,057,936 | €1,059,466 | +€1,530 | +0.1% |
| Fixed assets | 21/28 | €345,422 | €318,817 | -€26,606 | -7.7% |
| Tangible fixed assets | 22/27 | €345,422 | €318,817 | -€26,606 | -7.7% |
| Land and buildings | 22 | €329,664 | €301,811 | -€27,853 | -8.4% |
| Plant, machinery and equipment | 23 | €15,759 | €17,006 | +€1,247 | +7.9% |
| Current assets | 29/58 | €712,513 | €740,649 | +€28,136 | +3.9% |
| Amounts receivable within one year | 40/41 | €18,716 | €18,762 | +€46 | +0.2% |
| Trade receivables | 40 | €6,080 | €5,440 | -€640 | -10.5% |
| Other amounts receivable | 41 | €12,636 | €13,321 | +€686 | +5.4% |
| Current investments | 50/53 | €660,928 | €675,178 | +€14,250 | +2.2% |
| Cash at bank and in hand | 54/58 | €27,587 | €41,316 | +€13,729 | +49.8% |
| Deferred charges and accrued income | 490/1 | €5,282 | €5,393 | +€111 | +2.1% |
| Total equity and liabilities | 10/49 | €1,057,936 | €1,059,466 | +€1,530 | +0.1% |
| Equity | 10/15 | €757,464 | €768,228 | +€10,764 | +1.4% |
| Contributions | 10/11 | €671,000 | €671,000 | = | 0.0% |
| Capital | 10 | €671,000 | €671,000 | = | 0.0% |
| Issued capital | 100 | €671,000 | €671,000 | = | 0.0% |
| Reserves | 13 | €67,100 | €77,864 | +€10,764 | +16.0% |
| Non-distributable reserves | 130/1 | €67,100 | €67,100 | = | 0.0% |
| Legal reserve | 130 | €67,100 | €67,100 | = | 0.0% |
| Distributable reserves | 133 | - | €10,764 | +€10,764 | |
| Profit (loss) carried forward | 14 | €19,364 | €19,364 | = | 0.0% |
| Amounts payable | 17/49 | €300,471 | €291,238 | -€9,234 | -3.1% |
| Amounts payable after more than one year | 17 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 178/9 | €3,300 | €3,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €296,256 | €287,023 | -€9,234 | -3.1% |
| Trade debts | 44 | €400 | €5,393 | +€4,993 | +1247.5% |
| Suppliers | 440/4 | €400 | €5,393 | +€4,993 | +1247.5% |
| Other amounts payable | 47/48 | €295,856 | €281,630 | -€14,227 | -4.8% |
| Accrued charges and deferred income | 492/3 | €915 | €915 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,296 | €32,012 | -€14,284 | -30.9% |
| Other operating charges | 640/8 | €8,039 | €8,219 | +€180 | +2.2% |
| Gross operating margin | 9900 | €8,574 | €19,395 | +€10,820 | +126.2% |
| Operating profit (loss) | 9901 | -€45,761 | -€20,836 | +€24,925 | +54.5% |
| Financial income | 75/76B | €27,177 | €35,043 | +€7,866 | +28.9% |
| Recurring financial income | 75 | €27,177 | €35,043 | +€7,866 | +28.9% |
| Financial charges | 65/66B | €600 | €2,367 | +€1,767 | +294.6% |
| Recurring financial charges | 65 | €600 | €2,367 | +€1,767 | +294.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,184 | €11,840 | +€31,024 | |
| Income taxes | 67/77 | - | €1,076 | +€1,076 | |
| Profit (loss) for the period | 9904 | -€19,184 | €10,764 | +€29,947 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,184 | €10,764 | +€29,947 |
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 9 October 2026 via checked.be.