LUDY MACHINERY: what changed
What changed
LUDY MACHINERY
NACE 28.299, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€18,597
2024 · €4,757+€13,840
Equity
-€202,177
2024 · -€220,774+€18,597
Cash
€6,789
2024 · €7,102-€313
Balance sheet total
€305,507
2024 · €247,238+€58,269
Largest movements
Assets
- Receivables within one year +€57,467
up €57,467 (+175%), from €32,867 to €90,334
of which Trade receivables: +€53,372
Equity and liabilities
- Other debts +€62,590
up €62,590 (+51.5%), from €121,574 to €184,164
- Advances received +€35,000
up €35,000 (+233%), from €15,000 to €50,000
- Debts after one year -€25,325
down €25,325 (-12.7%), from €199,525 to €174,200
of which Financial debts: -€25,325
- Current portion of long-term debt -€19,006
down €19,006 (-42.9%), from €44,331 to €25,325
- Profit (loss) carried forward +€18,597
up €18,597 (+2.0%), from -€909,752 to -€891,155
Income statement
- Gross operating margin +€13,647
up €13,647 (+23.4%), from €58,371 to €72,018
- Other operating charges -€6,938
down €6,938 (-30.8%), from €22,501 to €15,563
- Financial charges -€2,525
down €2,525 (-25.6%), from €9,857 to €7,332
- Write-downs -€1,920
down €1,920, from €1,547 to -€373
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,757
Gross operating margin
+€13,647
Staff costs
-€585
Depreciation
-€280
Write-downs
+€1,920
Other operating charges
+€6,938
Other operating items
-€10,000
Financial income
+€9
Financial charges
+€2,525
Taxes
-€333
Result 2025
€18,597
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,182
Investment
-€1,650
Financing
-€43,845
Cash 2024
€7,102
From operations (derived)
+€45,182
Net result for the year
+€18,597
Depreciation
+€280
Receivables within one year
-€57,467
Deferred charges and accrued income
+€254
Trade debts
-€13,672
Tax, wage and social debts
-€401
Advances received
+€35,000
Other debts
+€62,590
Investment (derived)
-€1,650
Investment in fixed assets (net)
-€1,650
Financing
-€43,845
Debts after one year
-€25,325
Current portion of long-term debt
-€19,006
Short-term financial debts
+€486
Cash 2025
€6,789
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,238 | €305,507 | +€58,269 | +23.6% |
| Fixed assets | 21/28 | - | €1,370 | +€1,370 | |
| Tangible fixed assets | 22/27 | - | €1,370 | +€1,370 | |
| Furniture and vehicles | 24 | - | €1,370 | +€1,370 | |
| Current assets | 29/58 | €247,238 | €304,137 | +€56,900 | +23.0% |
| Stocks and contracts in progress | 3 | €206,055 | €206,055 | = | 0.0% |
| Stocks | 30/36 | €206,055 | €206,055 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,867 | €90,334 | +€57,467 | +175% |
| Trade receivables | 40 | €32,499 | €85,871 | +€53,372 | +164% |
| Other amounts receivable | 41 | €367 | €4,463 | +€4,096 | +1,115% |
| Cash at bank and in hand | 54/58 | €7,102 | €6,789 | -€313 | -4.4% |
| Deferred charges and accrued income | 490/1 | €1,214 | €960 | -€254 | -20.9% |
| Total equity and liabilities | 10/49 | €247,238 | €305,507 | +€58,269 | +23.6% |
| Equity | 10/15 | -€220,774 | -€202,177 | +€18,597 | +8.4% |
| Contributions | 10/11 | €612,000 | €612,000 | = | 0.0% |
| Capital | 10 | €612,000 | €612,000 | = | 0.0% |
| Issued capital | 100 | €612,000 | €612,000 | = | 0.0% |
| Reserves | 13 | €76,978 | €76,978 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,200 | €31,200 | = | 0.0% |
| Legal reserve | 130 | €31,200 | €31,200 | = | 0.0% |
| Distributable reserves | 133 | €45,778 | €45,778 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€909,752 | -€891,155 | +€18,597 | +2.0% |
| Amounts payable | 17/49 | €468,012 | €507,684 | +€39,672 | +8.5% |
| Amounts payable after more than one year | 17 | €199,525 | €174,200 | -€25,325 | -12.7% |
| Financial debts | 170/4 | €25,325 | €0 | -€25,325 | -100% |
| Other amounts payable | 178/9 | €174,200 | €174,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €268,487 | €333,484 | +€64,997 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €44,331 | €25,325 | -€19,006 | -42.9% |
| Financial debts | 43 | €39,776 | €40,262 | +€486 | +1.2% |
| Credit institutions | 430/8 | €39,776 | €40,262 | +€486 | +1.2% |
| Trade debts | 44 | €41,079 | €27,408 | -€13,672 | -33.3% |
| Suppliers | 440/4 | €41,079 | €27,408 | -€13,672 | -33.3% |
| Advances received on contracts in progress | 46 | €15,000 | €50,000 | +€35,000 | +233% |
| Taxes, remuneration and social security | 45 | €6,727 | €6,325 | -€401 | -6.0% |
| Taxes | 450/3 | €4,059 | €3,877 | -€182 | -4.5% |
| Remuneration and social security | 454/9 | €2,667 | €2,448 | -€219 | -8.2% |
| Other amounts payable | 47/48 | €121,574 | €184,164 | +€62,590 | +51.5% |
| Remuneration, social security and pensions | 62 | €19,785 | €20,370 | +€585 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €280 | +€280 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,547 | -€373 | -€1,920 | |
| Other operating charges | 640/8 | €22,501 | €15,563 | -€6,938 | -30.8% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €58,371 | €72,018 | +€13,647 | +23.4% |
| Operating profit (loss) | 9901 | €14,538 | €26,177 | +€11,639 | +80.1% |
| Financial income | 75/76B | €76 | €85 | +€9 | +12.3% |
| Recurring financial income | 75 | €76 | €85 | +€9 | +12.3% |
| Financial charges | 65/66B | €9,857 | €7,332 | -€2,525 | -25.6% |
| Recurring financial charges | 65 | €9,857 | €7,332 | -€2,525 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €4,757 | €18,930 | +€14,173 | +298% |
| Income taxes | 67/77 | €0 | €333 | +€333 | |
| Profit (loss) for the period | 9904 | €4,757 | €18,597 | +€13,840 | +291% |
| Profit (loss) for the period to be appropriated | 9905 | €4,757 | €18,597 | +€13,840 | +291% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.