LUDOCROUS: what changed
Two fiscal 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.
LUDOCROUS
Largest movements
- Tangible fixed assets +€29,630
up €29,630 (+1846.5%), from €1,605 to €31,235
- Current investments +€22,343
up €22,343 (+175.3%), from €12,743 to €35,085
- Financial fixed assets +€1,800
up €1,800 (+1982.2%), from €91 to €1,891
- Other debts +€55,000
new in 2025: €55,000
- Profit (loss) carried forward -€47,405
down €47,405 (-81.6%), from €58,068 to €10,663
- Debts after one year +€20,298
new in 2025: €20,298
- Trade debts +€16,226
up €16,226 (+880.0%), from €1,844 to €18,070
- Current portion of long-term debt +€11,878
new in 2025: €11,878
- Depreciation +€6,263
up €6,263 (+723.3%), from €866 to €7,129
- Other operating charges +€2,086
up €2,086 (+513.8%), from €406 to €2,492
- Gross operating margin +€2,043
up €2,043 (+8.8%), from €23,285 to €25,329
- Financial charges +€1,764
up €1,764 (+2611.6%), from €68 to €1,832
- Taxes -€417
down €417 (-7.6%), from €5,481 to €5,064
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,351 | €136,604 | +€54,253 | +65.9% |
| Fixed assets | 21/28 | €1,696 | €33,126 | +€31,430 | +1853.7% |
| Tangible fixed assets | 22/27 | €1,605 | €31,235 | +€29,630 | +1846.5% |
| Furniture and vehicles | 24 | €1,605 | €31,235 | +€29,630 | +1846.5% |
| Financial fixed assets | 28 | €91 | €1,891 | +€1,800 | +1982.2% |
| Current assets | 29/58 | €80,656 | €103,479 | +€22,823 | +28.3% |
| Amounts receivable within one year | 40/41 | €67,913 | €67,069 | -€844 | -1.2% |
| Trade receivables | 40 | €15,125 | €12,101 | -€3,024 | -20.0% |
| Other amounts receivable | 41 | €52,788 | €54,968 | +€2,180 | +4.1% |
| Current investments | 50/53 | €12,743 | €35,085 | +€22,343 | +175.3% |
| Deferred charges and accrued income | 490/1 | - | €1,324 | +€1,324 | |
| Total equity and liabilities | 10/49 | €82,351 | €136,604 | +€54,253 | +65.9% |
| Equity | 10/15 | €61,068 | €13,663 | -€47,405 | -77.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,068 | €10,663 | -€47,405 | -81.6% |
| Amounts payable | 17/49 | €21,283 | €122,941 | +€101,659 | +477.7% |
| Amounts payable after more than one year | 17 | - | €20,298 | +€20,298 | |
| Financial debts | 170/4 | - | €20,298 | +€20,298 | |
| Amounts payable within one year | 42/48 | €21,283 | €102,643 | +€81,361 | +382.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,878 | +€11,878 | |
| Trade debts | 44 | €1,844 | €18,070 | +€16,226 | +880.0% |
| Suppliers | 440/4 | €1,844 | €18,070 | +€16,226 | +880.0% |
| Taxes, remuneration and social security | 45 | €19,439 | €17,696 | -€1,743 | -9.0% |
| Taxes | 450/3 | €19,439 | €17,096 | -€2,343 | -12.1% |
| Remuneration and social security | 454/9 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | - | €55,000 | +€55,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €866 | €7,129 | +€6,263 | +723.3% |
| Other operating charges | 640/8 | €406 | €2,492 | +€2,086 | +513.8% |
| Non-recurring operating charges | 66A | - | €1,435 | +€1,435 | |
| Gross operating margin | 9900 | €23,285 | €25,329 | +€2,043 | +8.8% |
| Operating profit (loss) | 9901 | €22,014 | €14,273 | -€7,740 | -35.2% |
| Financial income | 75/76B | €287 | €217 | -€70 | -24.3% |
| Recurring financial income | 75 | €287 | €217 | -€70 | -24.3% |
| Financial charges | 65/66B | €68 | €1,832 | +€1,764 | +2611.6% |
| Recurring financial charges | 65 | €68 | €1,832 | +€1,764 | +2611.6% |
| Profit (loss) for the period before taxes | 9903 | €22,233 | €12,659 | -€9,574 | -43.1% |
| Income taxes | 67/77 | €5,481 | €5,064 | -€417 | -7.6% |
| Profit (loss) for the period | 9904 | €16,752 | €7,595 | -€9,157 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,752 | €7,595 | -€9,157 | -54.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.