LUDOCLEAN: 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.
LUDOCLEAN
Largest movements
- Cash +€10,663
up €10,663 (+11.5%), from €92,349 to €103,012
mainly Other debts (+€147,250) and Net result for the year (+€52,119)
- Deferred charges and accrued income +€8,591
up €8,591 (+57.7%), from €14,886 to €23,477
- Receivables within one year +€7,776
up €7,776 (+19.3%), from €40,378 to €48,154
of which Other amounts receivable: +€11,418
- Tangible fixed assets -€3,083
down €3,083 (-52.5%), from €5,872 to €2,789
of which Plant, machinery and equipment: -€2,337
- Other debts +€147,250
up €147,250 (+896.1%), from €16,432 to €163,682
- Profit (loss) carried forward -€111,563
no longer reported in 2025 (was €111,563)
- Tax, wage and social debts -€10,606
down €10,606 (-84.5%), from €12,556 to €1,949
- Gross operating margin -€33,910
down €33,910 (-31.9%), from €106,380 to €72,470
- Taxes -€6,790
down €6,790 (-34.0%), from €19,945 to €13,155
- Depreciation -€3,910
down €3,910 (-55.9%), from €6,993 to €3,083
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,485 | €177,432 | +€23,947 | +15.6% |
| Fixed assets | 21/28 | €5,872 | €2,789 | -€3,083 | -52.5% |
| Tangible fixed assets | 22/27 | €5,872 | €2,789 | -€3,083 | -52.5% |
| Plant, machinery and equipment | 23 | €4,497 | €2,159 | -€2,337 | -52.0% |
| Furniture and vehicles | 24 | €1,375 | €630 | -€746 | -54.2% |
| Current assets | 29/58 | €147,613 | €174,643 | +€27,030 | +18.3% |
| Amounts receivable within one year | 40/41 | €40,378 | €48,154 | +€7,776 | +19.3% |
| Trade receivables | 40 | €40,378 | €36,736 | -€3,642 | -9.0% |
| Other amounts receivable | 41 | - | €11,418 | +€11,418 | |
| Cash at bank and in hand | 54/58 | €92,349 | €103,012 | +€10,663 | +11.5% |
| Deferred charges and accrued income | 490/1 | €14,886 | €23,477 | +€8,591 | +57.7% |
| Total equity and liabilities | 10/49 | €153,485 | €177,432 | +€23,947 | +15.6% |
| Equity | 10/15 | €119,563 | €8,000 | -€111,563 | -93.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,563 | - | -€111,563 | |
| Amounts payable | 17/49 | €33,922 | €169,432 | +€135,510 | +399.5% |
| Amounts payable within one year | 42/48 | €33,922 | €169,432 | +€135,510 | +399.5% |
| Current portion of amounts payable after more than one year | 42 | €1,180 | - | -€1,180 | |
| Trade debts | 44 | €3,755 | €3,801 | +€46 | +1.2% |
| Suppliers | 440/4 | €3,755 | €3,801 | +€46 | +1.2% |
| Taxes, remuneration and social security | 45 | €12,556 | €1,949 | -€10,606 | -84.5% |
| Taxes | 450/3 | €12,556 | €1,949 | -€10,606 | -84.5% |
| Other amounts payable | 47/48 | €16,432 | €163,682 | +€147,250 | +896.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,993 | €3,083 | -€3,910 | -55.9% |
| Other operating charges | 640/8 | €180 | €356 | +€175 | +97.4% |
| Gross operating margin | 9900 | €106,380 | €72,470 | -€33,910 | -31.9% |
| Operating profit (loss) | 9901 | €99,207 | €69,031 | -€30,175 | -30.4% |
| Financial charges | 65/66B | €3,841 | €3,758 | -€83 | -2.2% |
| Recurring financial charges | 65 | €3,841 | €3,758 | -€83 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €95,366 | €65,274 | -€30,092 | -31.6% |
| Income taxes | 67/77 | €19,945 | €13,155 | -€6,790 | -34.0% |
| Profit (loss) for the period | 9904 | €75,421 | €52,119 | -€23,302 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,421 | €52,119 | -€23,302 | -30.9% |
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 10 October 2026 via checked.be.