LUDUS: 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.
LUDUS
Largest movements
- Receivables within one year +€318,807
up €318,807 (+159%), from €200,908 to €519,715
of which Trade receivables: +€318,807
- Tangible fixed assets +€239,470
up €239,470 (+3,650%), from €6,560 to €246,030
of which Land and buildings: +€159,766
- Cash +€15,991
up €15,991 (+256%), from €6,243 to €22,234
mainly Short-term financial debts (+€737,069) and Trade debts (+€212,093)
- Short-term financial debts +€737,069
up €737,069 (+104%), from €710,107 to €1.4m
- Profit (loss) carried forward -€360,418
down €360,418 (-23.8%), from -€1.5m to -€1.9m
- Trade debts +€212,093
up €212,093 (+283%), from €74,981 to €287,074
- Tax, wage and social debts -€20,911
down €20,911 (-21.4%), from €97,861 to €76,950
of which Remuneration and social security: -€29,760
- Purchases and services +€164,464
up €164,464 (+45.3%), from €363,186 to €527,650
- Staff costs +€71,513
up €71,513 (+10.6%), from €672,287 to €743,800
- Gross operating margin +€30,580
up €30,580 (+8.4%), from €365,024 to €395,604
- Depreciation +€8,580
up €8,580 (+523%), from €1,640 to €10,220
- Turnover -€6,625
down €6,625 (-1.0%), from €650,947 to €644,322
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 | €221,211 | €787,979 | +€566,768 | +256% |
| Fixed assets | 21/28 | €6,560 | €246,030 | +€239,470 | +3,650% |
| Tangible fixed assets | 22/27 | €6,560 | €246,030 | +€239,470 | +3,650% |
| Land and buildings | 22 | - | €159,766 | +€159,766 | |
| Plant, machinery and equipment | 23 | €6,560 | €86,264 | +€79,704 | +1,215% |
| Current assets | 29/58 | €214,651 | €541,949 | +€327,298 | +152% |
| Amounts receivable within one year | 40/41 | €200,908 | €519,715 | +€318,807 | +159% |
| Trade receivables | 40 | €196,495 | €515,302 | +€318,807 | +162% |
| Other amounts receivable | 41 | €4,413 | €4,413 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,243 | €22,234 | +€15,991 | +256% |
| Deferred charges and accrued income | 490/1 | €7,500 | - | -€7,500 | |
| Total equity and liabilities | 10/49 | €221,211 | €787,979 | +€566,768 | +256% |
| Equity | 10/15 | -€1,512,803 | -€1,873,221 | -€360,418 | -23.8% |
| Profit (loss) carried forward | 14 | -€1,512,803 | -€1,873,221 | -€360,418 | -23.8% |
| Amounts payable | 17/49 | €1,734,014 | €2,661,200 | +€927,186 | +53.5% |
| Amounts payable after more than one year | 17 | €850,000 | €850,000 | = | 0.0% |
| Financial debts | 170/4 | €850,000 | €850,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €882,949 | €1,811,200 | +€928,251 | +105% |
| Financial debts | 43 | €710,107 | €1,447,176 | +€737,069 | +104% |
| Other loans | 439 | €710,107 | €1,447,176 | +€737,069 | +104% |
| Trade debts | 44 | €74,981 | €287,074 | +€212,093 | +283% |
| Suppliers | 440/4 | €74,981 | €287,074 | +€212,093 | +283% |
| Taxes, remuneration and social security | 45 | €97,861 | €76,950 | -€20,911 | -21.4% |
| Taxes | 450/3 | €36,899 | €45,748 | +€8,849 | +24.0% |
| Remuneration and social security | 454/9 | €60,962 | €31,202 | -€29,760 | -48.8% |
| Accrued charges and deferred income | 492/3 | €1,065 | - | -€1,065 | |
| Turnover | 70 | €650,947 | €644,322 | -€6,625 | -1.0% |
| Membership fees, donations, legacies and grants | 73 | €57,305 | €257,427 | +€200,122 | +349% |
| Goods, raw materials, services and sundry goods | 60/61 | €363,186 | €527,650 | +€164,464 | +45.3% |
| Remuneration, social security and pensions | 62 | €672,287 | €743,800 | +€71,513 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,640 | €10,220 | +€8,580 | +523% |
| Other operating charges | 640/8 | €1,514 | €1,853 | +€339 | +22.4% |
| Gross operating margin | 9900 | €365,024 | €395,604 | +€30,580 | +8.4% |
| Operating profit (loss) | 9901 | -€310,417 | -€360,269 | -€49,852 | -16.1% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €169 | €149 | -€20 | -11.8% |
| Recurring financial charges | 65 | €169 | €149 | -€20 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€310,574 | -€360,418 | -€49,844 | -16.0% |
| Profit (loss) for the period | 9904 | -€310,574 | -€360,418 | -€49,844 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€310,574 | -€360,418 | -€49,844 | -16.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.