LUDO-ELEC: 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-ELEC
Largest movements
- Receivables within one year -€58,499
down €58,499 (-69.5%), from €84,228 to €25,729
of which Other amounts receivable: -€71,549
- Tangible fixed assets -€9,520
down €9,520 (-2.9%), from €332,716 to €323,196
of which Furniture and vehicles: -€4,911
- Profit (loss) carried forward -€277,983
down €277,983 (-99.8%), from €278,519 to €536
- Other debts +€147,770
up €147,770 (+115,835%), from €128 to €147,898
- Tax, wage and social debts +€57,871
up €57,871 (+238%), from €24,275 to €82,146
of which Taxes: +€58,757
- Debts after one year -€18,887
down €18,887 (-11.9%), from €159,042 to €140,155
- Current portion of long-term debt +€17,700
up €17,700 (+67.6%), from €26,187 to €43,887
- Gross operating margin -€63,830
down €63,830 (-25.0%), from €255,614 to €191,784
- Taxes -€14,995
down €14,995 (-39.3%), from €38,161 to €23,166
- Staff costs -€13,444
down €13,444 (-27.3%), from €49,288 to €35,844
- Depreciation +€9,942
up €9,942 (+19.0%), from €52,212 to €62,154
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €509,230 | €436,556 | -€72,674 | -14.3% |
| Fixed assets | 21/28 | €332,716 | €323,196 | -€9,520 | -2.9% |
| Tangible fixed assets | 22/27 | €332,716 | €323,196 | -€9,520 | -2.9% |
| Land and buildings | 22 | €168,197 | €164,050 | -€4,147 | -2.5% |
| Plant, machinery and equipment | 23 | €22,751 | €24,192 | +€1,441 | +6.3% |
| Furniture and vehicles | 24 | €135,949 | €131,038 | -€4,911 | -3.6% |
| Other tangible fixed assets | 26 | €5,819 | €3,916 | -€1,902 | -32.7% |
| Current assets | 29/58 | €176,514 | €113,360 | -€63,154 | -35.8% |
| Amounts receivable within one year | 40/41 | €84,228 | €25,729 | -€58,499 | -69.5% |
| Trade receivables | 40 | €10,739 | €23,788 | +€13,049 | +122% |
| Other amounts receivable | 41 | €73,489 | €1,941 | -€71,549 | -97.4% |
| Cash at bank and in hand | 54/58 | €88,871 | €84,248 | -€4,624 | -5.2% |
| Deferred charges and accrued income | 490/1 | €3,415 | €3,384 | -€31 | -0.9% |
| Total equity and liabilities | 10/49 | €509,230 | €436,556 | -€72,674 | -14.3% |
| Equity | 10/15 | €298,979 | €20,996 | -€277,983 | -93.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €278,519 | €536 | -€277,983 | -99.8% |
| Amounts payable | 17/49 | €210,251 | €415,560 | +€205,308 | +97.6% |
| Amounts payable after more than one year | 17 | €159,042 | €140,155 | -€18,887 | -11.9% |
| Financial debts | 170/4 | €159,042 | €140,155 | -€18,887 | -11.9% |
| Amounts payable within one year | 42/48 | €51,209 | €275,405 | +€224,195 | +438% |
| Current portion of amounts payable after more than one year | 42 | €26,187 | €43,887 | +€17,700 | +67.6% |
| Trade debts | 44 | €620 | €1,474 | +€854 | +138% |
| Suppliers | 440/4 | €620 | €1,474 | +€854 | +138% |
| Taxes, remuneration and social security | 45 | €24,275 | €82,146 | +€57,871 | +238% |
| Taxes | 450/3 | €20,836 | €79,593 | +€58,757 | +282% |
| Remuneration and social security | 454/9 | €3,438 | €2,553 | -€886 | -25.8% |
| Other amounts payable | 47/48 | €128 | €147,898 | +€147,770 | +115,835% |
| Remuneration, social security and pensions | 62 | €49,288 | €35,844 | -€13,444 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,212 | €62,154 | +€9,942 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €414 | €85 | -€329 | -79.4% |
| Other operating charges | 640/8 | - | €342 | +€342 | |
| Gross operating margin | 9900 | €255,614 | €191,784 | -€63,830 | -25.0% |
| Operating profit (loss) | 9901 | €153,700 | €93,360 | -€60,341 | -39.3% |
| Financial income | 75/76B | €3,275 | €1,225 | -€2,050 | -62.6% |
| Recurring financial income | 75 | €3,275 | €1,225 | -€2,050 | -62.6% |
| Financial charges | 65/66B | €4,377 | €4,401 | +€24 | +0.5% |
| Recurring financial charges | 65 | €4,377 | €4,401 | +€24 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €152,598 | €90,184 | -€62,414 | -40.9% |
| Income taxes | 67/77 | €38,161 | €23,166 | -€14,995 | -39.3% |
| Profit (loss) for the period | 9904 | €114,437 | €67,017 | -€47,420 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €114,437 | €67,017 | -€47,420 | -41.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.