LUDISA: 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.
What changed
LUDISA
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€36,611
2024 · €32,755+€3,856
Equity
€395,755
2024 · €359,145+€36,611
Cash
€169,572
2024 · €166,477+€3,095
Balance sheet total
€744,750
2024 · €755,664-€10,914
Largest movements
Assets
- Tangible fixed assets -€14,777
down €14,777 (-2.6%), from €564,405 to €549,628
of which Land and buildings: -€16,362
Equity and liabilities
- Debts after one year -€44,324
down €44,324 (-91.8%), from €48,297 to €3,973
- Reserves +€35,000
up €35,000 (+74.5%), from €47,000 to €82,000
- Other debts -€10,681
down €10,681 (-4.0%), from €267,554 to €256,873
Income statement
- Gross operating margin +€24,759
up €24,759 (+9.1%), from €272,994 to €297,753
- Staff costs +€14,304
up €14,304 (+8.7%), from €165,364 to €179,669
- Taxes +€8,217
up €8,217 (+88.5%), from €9,289 to €17,507
- Financial charges -€4,416
down €4,416 (-16.0%), from €27,534 to €23,117
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.
Result 2024
€32,755
Gross operating margin
+€24,759
Staff costs
-€14,304
Depreciation
-€1,968
Other operating charges
-€1,399
Financial income
+€570
Financial charges
+€4,416
Taxes
-€8,217
Result 2025
€36,611
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.
From operations
+€63,521
Investment
-€18,071
Financing
-€42,356
Cash 2024
€166,477
From operations (derived)
+€63,521
Net result for the year
+€36,611
Depreciation
+€32,848
Stocks and contracts
-€922
Receivables within one year
-€221
Deferred charges and accrued income
+€374
Trade debts
-€402
Tax, wage and social debts
+€7,105
Other debts
-€10,681
Accrued charges and deferred income
-€1,191
Investment (derived)
-€18,071
Investment in fixed assets (net)
-€18,071
Financing
-€42,356
Debts after one year
-€44,324
Current portion of long-term debt
+€1,968
Cash 2025
€169,572
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €755,664 | €744,750 | -€10,914 | -1.4% |
| Fixed assets | 21/28 | €564,413 | €549,636 | -€14,777 | -2.6% |
| Tangible fixed assets | 22/27 | €564,405 | €549,628 | -€14,777 | -2.6% |
| Land and buildings | 22 | €506,020 | €489,658 | -€16,362 | -3.2% |
| Plant, machinery and equipment | 23 | €10,725 | €18,862 | +€8,136 | +75.9% |
| Furniture and vehicles | 24 | - | €4,514 | +€4,514 | |
| Leasing and similar rights | 25 | €8,180 | €5,915 | -€2,265 | -27.7% |
| Other tangible fixed assets | 26 | €39,480 | €30,679 | -€8,800 | -22.3% |
| Financial fixed assets | 28 | €8 | €8 | = | 0.0% |
| Current assets | 29/58 | €191,251 | €195,114 | +€3,863 | +2.0% |
| Stocks and contracts in progress | 3 | €13,607 | €14,528 | +€922 | +6.8% |
| Stocks | 30/36 | €13,607 | €14,528 | +€922 | +6.8% |
| Amounts receivable within one year | 40/41 | €651 | €872 | +€221 | +33.9% |
| Trade receivables | 40 | €438 | €624 | +€186 | +42.6% |
| Other amounts receivable | 41 | €213 | €248 | +€35 | +16.2% |
| Cash at bank and in hand | 54/58 | €166,477 | €169,572 | +€3,095 | +1.9% |
| Deferred charges and accrued income | 490/1 | €10,516 | €10,142 | -€374 | -3.6% |
| Total equity and liabilities | 10/49 | €755,664 | €744,750 | -€10,914 | -1.4% |
| Equity | 10/15 | €359,145 | €395,755 | +€36,611 | +10.2% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €47,000 | €82,000 | +€35,000 | +74.5% |
| Distributable reserves | 133 | €47,000 | €82,000 | +€35,000 | +74.5% |
| Profit (loss) carried forward | 14 | -€7,855 | -€6,245 | +€1,611 | +20.5% |
| Amounts payable | 17/49 | €396,519 | €348,995 | -€47,525 | -12.0% |
| Amounts payable after more than one year | 17 | €48,297 | €3,973 | -€44,324 | -91.8% |
| Financial debts | 170/4 | €48,297 | €3,973 | -€44,324 | -91.8% |
| Amounts payable within one year | 42/48 | €346,807 | €344,797 | -€2,009 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €42,356 | €44,324 | +€1,968 | +4.6% |
| Trade debts | 44 | €8,171 | €7,769 | -€402 | -4.9% |
| Suppliers | 440/4 | €8,171 | €7,769 | -€402 | -4.9% |
| Taxes, remuneration and social security | 45 | €28,726 | €35,831 | +€7,105 | +24.7% |
| Taxes | 450/3 | €19,994 | €26,357 | +€6,363 | +31.8% |
| Remuneration and social security | 454/9 | €8,732 | €9,474 | +€742 | +8.5% |
| Other amounts payable | 47/48 | €267,554 | €256,873 | -€10,681 | -4.0% |
| Accrued charges and deferred income | 492/3 | €1,415 | €224 | -€1,191 | -84.2% |
| Remuneration, social security and pensions | 62 | €165,364 | €179,669 | +€14,304 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,879 | €32,848 | +€1,968 | +6.4% |
| Other operating charges | 640/8 | €7,485 | €8,884 | +€1,399 | +18.7% |
| Gross operating margin | 9900 | €272,994 | €297,753 | +€24,759 | +9.1% |
| Operating profit (loss) | 9901 | €69,265 | €76,352 | +€7,087 | +10.2% |
| Financial income | 75/76B | €313 | €883 | +€570 | +182.3% |
| Recurring financial income | 75 | €313 | €883 | +€570 | +182.3% |
| Financial charges | 65/66B | €27,534 | €23,117 | -€4,416 | -16.0% |
| Recurring financial charges | 65 | €27,534 | €23,117 | -€4,416 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €42,044 | €54,118 | +€12,073 | +28.7% |
| Income taxes | 67/77 | €9,289 | €17,507 | +€8,217 | +88.5% |
| Profit (loss) for the period | 9904 | €32,755 | €36,611 | +€3,856 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,755 | €36,611 | +€3,856 | +11.8% |
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 6 October 2026 via checked.be.