LUDOTROTTER: 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.
LUDOTROTTER
Largest movements
- Receivables within one year +€259,183
up €259,183 (+138%), from €188,261 to €447,445
of which Trade receivables: +€215,302
- Stocks and contracts +€164,863
up €164,863 (+65.3%), from €252,336 to €417,199
- Tangible fixed assets +€30,666
up €30,666 (+395%), from €7,765 to €38,431
of which Furniture and vehicles: +€31,172
- Financial fixed assets +€18,000
up €18,000 (+4.5%), from €400,000 to €418,000
- Trade debts +€315,756
up €315,756 (+151%), from €209,715 to €525,471
of which Suppliers: +€315,756
- Profit (loss) carried forward +€105,632
up €105,632 (+54.4%), from €194,146 to €299,778
- Tax, wage and social debts +€34,914
up €34,914 (+21.9%), from €159,339 to €194,253
of which Taxes: +€26,627
- Other debts +€20,366
up €20,366 (+23.1%), from €88,348 to €108,715
- Current portion of long-term debt +€14,768
up €14,768 (+34.1%), from €43,301 to €58,069
- Gross operating margin +€66,904
up €66,904 (+26.0%), from €257,762 to €324,666
- Staff costs +€23,382
up €23,382 (+18.6%), from €125,638 to €149,021
- Taxes -€20,885
down €20,885 (-31.6%), from €66,099 to €45,214
- Financial income -€8,134
down €8,134 (-76.9%), from €10,583 to €2,449
of which Financial income: -€8,160
- Other operating charges +€5,559
up €5,559 (+530%), from €1,048 to €6,607
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 | €896,422 | €1,389,681 | +€493,259 | +55.0% |
| Fixed assets | 21/28 | €407,765 | €456,431 | +€48,666 | +11.9% |
| Tangible fixed assets | 22/27 | €7,765 | €38,431 | +€30,666 | +395% |
| Furniture and vehicles | 24 | €3,970 | €35,142 | +€31,172 | +785% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,795 | €3,289 | -€507 | -13.4% |
| Financial fixed assets | 28 | €400,000 | €418,000 | +€18,000 | +4.5% |
| Current assets | 29/58 | €488,657 | €933,251 | +€444,594 | +91.0% |
| Stocks and contracts in progress | 3 | €252,336 | €417,199 | +€164,863 | +65.3% |
| Stocks | 30/36 | €252,336 | €417,199 | +€164,863 | +65.3% |
| Amounts receivable within one year | 40/41 | €188,261 | €447,445 | +€259,183 | +138% |
| Trade receivables | 40 | €168,462 | €383,764 | +€215,302 | +128% |
| Other amounts receivable | 41 | €19,799 | €63,681 | +€43,882 | +222% |
| Cash at bank and in hand | 54/58 | €46,463 | €55,597 | +€9,134 | +19.7% |
| Deferred charges and accrued income | 490/1 | €1,596 | €13,010 | +€11,415 | +715% |
| Total equity and liabilities | 10/49 | €896,422 | €1,389,681 | +€493,259 | +55.0% |
| Equity | 10/15 | €204,146 | €309,778 | +€105,632 | +51.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,146 | €299,778 | +€105,632 | +54.4% |
| Amounts payable | 17/49 | €692,276 | €1,079,903 | +€387,627 | +56.0% |
| Amounts payable after more than one year | 17 | €191,572 | €193,395 | +€1,824 | +1.0% |
| Financial debts | 170/4 | €191,572 | €193,395 | +€1,824 | +1.0% |
| Amounts payable within one year | 42/48 | €500,704 | €886,507 | +€385,804 | +77.1% |
| Current portion of amounts payable after more than one year | 42 | €43,301 | €58,069 | +€14,768 | +34.1% |
| Trade debts | 44 | €209,715 | €525,471 | +€315,756 | +151% |
| Suppliers | 440/4 | €209,715 | €525,471 | +€315,756 | +151% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €159,339 | €194,253 | +€34,914 | +21.9% |
| Taxes | 450/3 | €143,481 | €170,108 | +€26,627 | +18.6% |
| Remuneration and social security | 454/9 | €15,858 | €24,145 | +€8,286 | +52.3% |
| Other amounts payable | 47/48 | €88,348 | €108,715 | +€20,366 | +23.1% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €125,638 | €149,021 | +€23,382 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,618 | €3,795 | -€823 | -17.8% |
| Other operating charges | 640/8 | €1,048 | €6,607 | +€5,559 | +530% |
| Gross operating margin | 9900 | €257,762 | €324,666 | +€66,904 | +26.0% |
| Operating profit (loss) | 9901 | €126,457 | €165,243 | +€38,786 | +30.7% |
| Financial income | 75/76B | €10,583 | €2,449 | -€8,134 | -76.9% |
| Recurring financial income | 75 | €10,583 | €2,423 | -€8,160 | -77.1% |
| Non-recurring financial income | 76B | - | €26 | +€26 | |
| Financial charges | 65/66B | €13,513 | €16,846 | +€3,333 | +24.7% |
| Recurring financial charges | 65 | €13,513 | €16,846 | +€3,333 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €123,528 | €150,846 | +€27,318 | +22.1% |
| Income taxes | 67/77 | €66,099 | €45,214 | -€20,885 | -31.6% |
| Profit (loss) for the period | 9904 | €57,429 | €105,632 | +€48,204 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,429 | €105,632 | +€48,204 | +83.9% |
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 27 October 2026 via checked.be.