LUDO: 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.
LUDO
Largest movements
- Intangible fixed assets -€23,350
down €23,350 (-100%), from €23,350 to €0
- Profit (loss) carried forward -€24,123
down €24,123 (-207%), from -€11,634 to -€35,757
- Other debts +€387
up €387 (+8.2%), from €4,717 to €5,104
- Financial charges +€23,360
up €23,360 (+12,822%), from €182 to €23,542
of which Non-recurring financial charges: +€23,350
- Other operating charges -€1,530
down €1,530 (-79.3%), from €1,929 to €400
- Gross operating margin +€18
up €18 (+9.2%), from -€200 to -€182
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 | €23,516 | €0 | -€23,516 | -100% |
| Fixed assets | 21/28 | €23,350 | €0 | -€23,350 | -100% |
| Intangible fixed assets | 21 | €23,350 | €0 | -€23,350 | -100% |
| Current assets | 29/58 | €166 | €0 | -€166 | -100% |
| Cash at bank and in hand | 54/58 | €166 | €0 | -€166 | -100% |
| Total equity and liabilities | 10/49 | €23,516 | €0 | -€23,516 | -100% |
| Equity | 10/15 | €18,366 | -€5,757 | -€24,123 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,634 | -€35,757 | -€24,123 | -207% |
| Amounts payable | 17/49 | €5,150 | €5,757 | +€607 | +11.8% |
| Amounts payable within one year | 42/48 | €5,150 | €5,757 | +€607 | +11.8% |
| Financial debts | 43 | - | €117 | +€117 | |
| Credit institutions | 430/8 | - | €117 | +€117 | |
| Trade debts | 44 | €433 | €536 | +€103 | +23.8% |
| Suppliers | 440/4 | €433 | €536 | +€103 | +23.8% |
| Other amounts payable | 47/48 | €4,717 | €5,104 | +€387 | +8.2% |
| Other operating charges | 640/8 | €1,929 | €400 | -€1,530 | -79.3% |
| Gross operating margin | 9900 | -€200 | -€182 | +€18 | +9.2% |
| Operating profit (loss) | 9901 | -€2,129 | -€581 | +€1,548 | +72.7% |
| Financial charges | 65/66B | €182 | €23,542 | +€23,360 | +12,822% |
| Recurring financial charges | 65 | €182 | €192 | +€10 | +5.4% |
| Non-recurring financial charges | 66B | - | €23,350 | +€23,350 | |
| Profit (loss) for the period before taxes | 9903 | -€2,312 | -€24,123 | -€21,812 | -944% |
| Profit (loss) for the period | 9904 | -€2,312 | -€24,123 | -€21,812 | -944% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,312 | -€24,123 | -€21,812 | -944% |
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 19 October 2026 via checked.be.