LUDO.nu: 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.nu
Largest movements
- Receivables within one year +€73,930
up €73,930 (+58.6%), from €126,198 to €200,128
of which Trade receivables: +€61,419
- Cash -€49,569
down €49,569 (-40.8%), from €121,436 to €71,867
mainly Receivables within one year (-€73,930) and Accrued charges and deferred income (-€17,706)
- Current investments +€6,000
up €6,000 (+18.1%), from €33,100 to €39,100
- Deferred charges and accrued income +€5,825
up €5,825 (+91.6%), from €6,357 to €12,183
- Trade debts +€38,973
up €38,973 (+358%), from €10,889 to €49,862
- Accrued charges and deferred income -€17,706
no longer reported in 2025 (was €17,706)
- Tax, wage and social debts +€9,421
up €9,421 (+33.7%), from €27,971 to €37,392
of which Remuneration and social security: +€10,430
- Profit (loss) carried forward +€5,653
up €5,653 (+2.4%), from €235,946 to €241,599
- Staff costs +€32,275
up €32,275 (+131%), from €24,580 to €56,856
- Gross operating margin -€26,806
down €26,806 (-29.2%), from €91,738 to €64,931
- Taxes -€15,764
down €15,764 (-88.7%), from €17,769 to €2,005
- Financial income -€1,491
down €1,491 (-31.6%), from €4,714 to €3,223
- Financial charges +€1,173
up €1,173 (+67.7%), from €1,733 to €2,905
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 | €293,512 | €329,854 | +€36,341 | +12.4% |
| Fixed assets | 21/28 | €6,420 | €6,576 | +€156 | +2.4% |
| Tangible fixed assets | 22/27 | €112 | - | -€112 | |
| Furniture and vehicles | 24 | €112 | - | -€112 | |
| Financial fixed assets | 28 | €6,308 | €6,576 | +€268 | +4.2% |
| Current assets | 29/58 | €287,092 | €323,278 | +€36,186 | +12.6% |
| Amounts receivable within one year | 40/41 | €126,198 | €200,128 | +€73,930 | +58.6% |
| Trade receivables | 40 | €72,737 | €134,157 | +€61,419 | +84.4% |
| Other amounts receivable | 41 | €53,461 | €65,971 | +€12,510 | +23.4% |
| Current investments | 50/53 | €33,100 | €39,100 | +€6,000 | +18.1% |
| Cash at bank and in hand | 54/58 | €121,436 | €71,867 | -€49,569 | -40.8% |
| Deferred charges and accrued income | 490/1 | €6,357 | €12,183 | +€5,825 | +91.6% |
| Total equity and liabilities | 10/49 | €293,512 | €329,854 | +€36,341 | +12.4% |
| Equity | 10/15 | €236,946 | €242,599 | +€5,653 | +2.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,946 | €241,599 | +€5,653 | +2.4% |
| Amounts payable | 17/49 | €56,566 | €87,254 | +€30,688 | +54.3% |
| Amounts payable within one year | 42/48 | €38,860 | €87,254 | +€48,394 | +125% |
| Trade debts | 44 | €10,889 | €49,862 | +€38,973 | +358% |
| Suppliers | 440/4 | €10,889 | €49,862 | +€38,973 | +358% |
| Taxes, remuneration and social security | 45 | €27,971 | €37,392 | +€9,421 | +33.7% |
| Taxes | 450/3 | €27,971 | €26,962 | -€1,009 | -3.6% |
| Remuneration and social security | 454/9 | - | €10,430 | +€10,430 | |
| Accrued charges and deferred income | 492/3 | €17,706 | - | -€17,706 | |
| Remuneration, social security and pensions | 62 | €24,580 | €56,856 | +€32,275 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €112 | -€114 | -50.5% |
| Other operating charges | 640/8 | €696 | €622 | -€73 | -10.5% |
| Gross operating margin | 9900 | €91,738 | €64,931 | -€26,806 | -29.2% |
| Operating profit (loss) | 9901 | €66,235 | €7,341 | -€58,894 | -88.9% |
| Financial income | 75/76B | €4,714 | €3,223 | -€1,491 | -31.6% |
| Recurring financial income | 75 | €4,714 | €3,223 | -€1,491 | -31.6% |
| Financial charges | 65/66B | €1,733 | €2,905 | +€1,173 | +67.7% |
| Recurring financial charges | 65 | €1,733 | €2,905 | +€1,173 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €69,216 | €7,659 | -€61,557 | -88.9% |
| Income taxes | 67/77 | €17,769 | €2,005 | -€15,764 | -88.7% |
| Profit (loss) for the period | 9904 | €51,447 | €5,653 | -€45,794 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,447 | €5,653 | -€45,794 | -89.0% |
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 26 October 2026 via checked.be.