LUDVIN: 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.
LUDVIN
Largest movements
- Cash -€4,761
down €4,761 (-14.9%), from €32,041 to €27,280
mainly Stocks and contracts (-€3,211) and Accrued charges and deferred income (-€2,430)
- Stocks and contracts +€3,211
up €3,211 (+395.0%), from €813 to €4,024
- Receivables within one year -€2,454
down €2,454 (-17.1%), from €14,375 to €11,921
of which Trade receivables: -€1,447
- Tangible fixed assets +€917
new in 2022: €917
- Deferred charges and accrued income +€529
up €529 (+32.6%), from €1,624 to €2,153
- Accrued charges and deferred income -€2,430
down €2,430 (-94.2%), from €2,580 to €150
- Profit (loss) carried forward -€1,686
down €1,686 (-20.5%), from -€8,212 to -€9,898
- Tax, wage and social debts +€1,405
up €1,405 (+77.8%), from €1,806 to €3,211
of which Taxes: +€1,593
- Trade debts +€672
up €672 (+23.9%), from €2,810 to €3,482
- Other debts -€518
down €518 (-1.7%), from €29,682 to €29,163
- Gross operating margin +€14,339
up €14,339, from -€6,751 to €7,588
- Staff costs +€5,461
new in 2022: €5,461
- Financial charges +€2,103
up €2,103 (+247.2%), from €850 to €2,953
of which Non-recurring financial charges: +€1,195
- Depreciation +€233
new in 2022: €233
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,853 | €46,295 | -€2,557 | -5.2% |
| Fixed assets | 21/28 | - | €917 | +€917 | |
| Tangible fixed assets | 22/27 | - | €917 | +€917 | |
| Plant, machinery and equipment | 23 | - | €917 | +€917 | |
| Current assets | 29/58 | €48,853 | €45,378 | -€3,474 | -7.1% |
| Stocks and contracts in progress | 3 | €813 | €4,024 | +€3,211 | +395.0% |
| Stocks | 30/36 | €813 | €4,024 | +€3,211 | +395.0% |
| Amounts receivable within one year | 40/41 | €14,375 | €11,921 | -€2,454 | -17.1% |
| Trade receivables | 40 | €2,424 | €977 | -€1,447 | -59.7% |
| Other amounts receivable | 41 | €11,951 | €10,944 | -€1,007 | -8.4% |
| Cash at bank and in hand | 54/58 | €32,041 | €27,280 | -€4,761 | -14.9% |
| Deferred charges and accrued income | 490/1 | €1,624 | €2,153 | +€529 | +32.6% |
| Total equity and liabilities | 10/49 | €48,853 | €46,295 | -€2,557 | -5.2% |
| Equity | 10/15 | €11,974 | €10,288 | -€1,686 | -14.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,186 | €10,186 | = | 0.0% |
| Distributable reserves | 133 | €10,186 | €10,186 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,212 | -€9,898 | -€1,686 | -20.5% |
| Amounts payable | 17/49 | €36,878 | €36,007 | -€871 | -2.4% |
| Amounts payable within one year | 42/48 | €34,298 | €35,857 | +€1,559 | +4.5% |
| Trade debts | 44 | €2,810 | €3,482 | +€672 | +23.9% |
| Suppliers | 440/4 | €2,810 | €3,482 | +€672 | +23.9% |
| Taxes, remuneration and social security | 45 | €1,806 | €3,211 | +€1,405 | +77.8% |
| Taxes | 450/3 | €1,074 | €2,667 | +€1,593 | +148.3% |
| Remuneration and social security | 454/9 | €732 | €544 | -€188 | -25.7% |
| Other amounts payable | 47/48 | €29,682 | €29,163 | -€518 | -1.7% |
| Accrued charges and deferred income | 492/3 | €2,580 | €150 | -€2,430 | -94.2% |
| Non-recurring operating income | 76A | - | €146 | +€146 | |
| Remuneration, social security and pensions | 62 | - | €5,461 | +€5,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €233 | +€233 | |
| Other operating charges | 640/8 | €683 | €639 | -€44 | -6.4% |
| Gross operating margin | 9900 | -€6,751 | €7,588 | +€14,339 | |
| Operating profit (loss) | 9901 | -€7,433 | €1,256 | +€8,689 | |
| Financial income | 75/76B | €72 | €11 | -€61 | -84.5% |
| Recurring financial income | 75 | €72 | €11 | -€61 | -84.5% |
| Financial charges | 65/66B | €850 | €2,953 | +€2,103 | +247.2% |
| Recurring financial charges | 65 | €850 | €1,758 | +€908 | +106.7% |
| Non-recurring financial charges | 66B | - | €1,195 | +€1,195 | |
| Profit (loss) for the period before taxes | 9903 | -€8,212 | -€1,686 | +€6,526 | +79.5% |
| Profit (loss) for the period | 9904 | -€8,212 | -€1,686 | +€6,526 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,212 | -€1,686 | +€6,526 | +79.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.