LUDIUS LEGALE: 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.
LUDIUS LEGALE
Largest movements
- Cash +€30,929
up €30,929 (+71.2%), from €43,411 to €74,340
mainly Net result for the year (+€49,996) and Depreciation (+€27,622)
- Intangible fixed assets -€16,000
down €16,000 (-33.3%), from €48,000 to €32,000
- Deferred charges and accrued income -€6,422
down €6,422 (-46.8%), from €13,713 to €7,290
- Financial fixed assets -€5,503
no longer reported in 2025 (was €5,503)
- Receivables within one year +€4,318
up €4,318 (+12.8%), from €33,660 to €37,978
of which Trade receivables: +€11,706
- Advances received +€15,769
up €15,769 (+869%), from €1,815 to €17,584
- Debts after one year -€10,891
down €10,891 (-12.9%), from €84,113 to €73,223
- Tax, wage and social debts +€9,002
up €9,002 (+103%), from €8,701 to €17,703
of which Taxes: +€6,938
- Gross operating margin +€34,163
up €34,163 (+52.0%), from €65,742 to €99,905
- Taxes +€6,590
up €6,590 (+57.9%), from €11,372 to €17,962
- Depreciation +€2,748
up €2,748 (+11.0%), from €24,874 to €27,622
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 | €282,412 | €292,733 | +€10,322 | +3.7% |
| Fixed assets | 21/28 | €191,628 | €170,625 | -€21,003 | -11.0% |
| Intangible fixed assets | 21 | €48,000 | €32,000 | -€16,000 | -33.3% |
| Tangible fixed assets | 22/27 | €138,125 | €138,625 | +€501 | +0.4% |
| Land and buildings | 22 | €126,557 | €121,671 | -€4,886 | -3.9% |
| Plant, machinery and equipment | 23 | €1,091 | €860 | -€231 | -21.2% |
| Furniture and vehicles | 24 | €10,476 | €16,094 | +€5,619 | +53.6% |
| Financial fixed assets | 28 | €5,503 | - | -€5,503 | |
| Current assets | 29/58 | €90,784 | €122,108 | +€31,324 | +34.5% |
| Amounts receivable after more than one year | 29 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 291 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €33,660 | €37,978 | +€4,318 | +12.8% |
| Trade receivables | 40 | €14,254 | €25,960 | +€11,706 | +82.1% |
| Other amounts receivable | 41 | €19,406 | €12,018 | -€7,388 | -38.1% |
| Cash at bank and in hand | 54/58 | €43,411 | €74,340 | +€30,929 | +71.2% |
| Deferred charges and accrued income | 490/1 | €13,713 | €7,290 | -€6,422 | -46.8% |
| Total equity and liabilities | 10/49 | €282,412 | €292,733 | +€10,322 | +3.7% |
| Equity | 10/15 | €159,996 | €159,992 | -€4 | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,591 | €139,587 | -€4 | 0.0% |
| Amounts payable | 17/49 | €122,415 | €132,741 | +€10,326 | +8.4% |
| Amounts payable after more than one year | 17 | €84,113 | €73,223 | -€10,891 | -12.9% |
| Financial debts | 170/4 | €84,113 | €73,223 | -€10,891 | -12.9% |
| Amounts payable within one year | 42/48 | €36,629 | €58,482 | +€21,853 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €17,780 | €17,938 | +€158 | +0.9% |
| Financial debts | 43 | €987 | €577 | -€409 | -41.5% |
| Credit institutions | 430/8 | €987 | €577 | -€409 | -41.5% |
| Trade debts | 44 | €7,347 | €4,679 | -€2,668 | -36.3% |
| Suppliers | 440/4 | €7,347 | €4,679 | -€2,668 | -36.3% |
| Advances received on contracts in progress | 46 | €1,815 | €17,584 | +€15,769 | +869% |
| Taxes, remuneration and social security | 45 | €8,701 | €17,703 | +€9,002 | +103% |
| Taxes | 450/3 | €8,701 | €15,638 | +€6,938 | +79.7% |
| Remuneration and social security | 454/9 | - | €2,065 | +€2,065 | |
| Accrued charges and deferred income | 492/3 | €1,673 | €1,036 | -€637 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,874 | €27,622 | +€2,748 | +11.0% |
| Other operating charges | 640/8 | €1,705 | €2,320 | +€615 | +36.1% |
| Gross operating margin | 9900 | €65,742 | €99,905 | +€34,163 | +52.0% |
| Operating profit (loss) | 9901 | €39,162 | €69,963 | +€30,801 | +78.6% |
| Financial income | 75/76B | €299 | €1,054 | +€755 | +252% |
| Recurring financial income | 75 | €299 | €1,054 | +€755 | +252% |
| Financial charges | 65/66B | €2,690 | €3,059 | +€369 | +13.7% |
| Recurring financial charges | 65 | €2,690 | €3,059 | +€369 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €36,771 | €67,958 | +€31,187 | +84.8% |
| Income taxes | 67/77 | €11,372 | €17,962 | +€6,590 | +57.9% |
| Profit (loss) for the period | 9904 | €25,399 | €49,996 | +€24,597 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,399 | €49,996 | +€24,597 | +96.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.