Lodabo: 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.
Lodabo
Largest movements
- Stocks and contracts +€311,377
up €311,377 (+233%), from €133,678 to €445,055
- Cash +€45,087
up €45,087 (+147%), from €30,602 to €75,689
mainly Net result for the year (+€298,766) and Tax, wage and social debts (+€98,326)
- Receivables within one year +€44,392
up €44,392 (+41.8%), from €106,238 to €150,630
of which Trade receivables: +€33,894
- Profit (loss) carried forward +€298,521
up €298,521 (+291%), from €102,533 to €401,054
- Tax, wage and social debts +€98,326
up €98,326 (+276%), from €35,577 to €133,902
- Other debts +€12,000
up €12,000 (+48.2%), from €24,875 to €36,874
- Debts after one year -€11,436
down €11,436 (-10.1%), from €112,854 to €101,418
- Gross operating margin +€266,036
up €266,036 (+152%), from €175,018 to €441,053
- Taxes +€70,548
up €70,548 (+184%), from €38,264 to €108,813
- Depreciation -€5,028
down €5,028 (-18.7%), from €26,883 to €21,855
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 | €503,669 | €900,658 | +€396,990 | +78.8% |
| Fixed assets | 21/28 | €233,151 | €227,840 | -€5,312 | -2.3% |
| Tangible fixed assets | 22/27 | €233,151 | €227,840 | -€5,312 | -2.3% |
| Land and buildings | 22 | €224,860 | €208,292 | -€16,568 | -7.4% |
| Plant, machinery and equipment | 23 | - | €3,400 | +€3,400 | |
| Furniture and vehicles | 24 | €8,292 | €16,148 | +€7,856 | +94.7% |
| Current assets | 29/58 | €270,517 | €672,819 | +€402,302 | +149% |
| Stocks and contracts in progress | 3 | €133,678 | €445,055 | +€311,377 | +233% |
| Stocks | 30/36 | €133,678 | €445,055 | +€311,377 | +233% |
| Amounts receivable within one year | 40/41 | €106,238 | €150,630 | +€44,392 | +41.8% |
| Trade receivables | 40 | €105,245 | €139,138 | +€33,894 | +32.2% |
| Other amounts receivable | 41 | €993 | €11,491 | +€10,498 | +1,057% |
| Cash at bank and in hand | 54/58 | €30,602 | €75,689 | +€45,087 | +147% |
| Deferred charges and accrued income | 490/1 | - | €1,445 | +€1,445 | |
| Total equity and liabilities | 10/49 | €503,669 | €900,658 | +€396,990 | +78.8% |
| Equity | 10/15 | €318,507 | €617,028 | +€298,521 | +93.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €214,974 | €214,974 | = | 0.0% |
| Distributable reserves | 133 | €214,974 | €214,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,533 | €401,054 | +€298,521 | +291% |
| Amounts payable | 17/49 | €185,162 | €283,631 | +€98,469 | +53.2% |
| Amounts payable after more than one year | 17 | €112,854 | €101,418 | -€11,436 | -10.1% |
| Financial debts | 170/4 | €112,854 | €101,418 | -€11,436 | -10.1% |
| Amounts payable within one year | 42/48 | €71,421 | €182,213 | +€110,791 | +155% |
| Current portion of amounts payable after more than one year | 42 | €10,970 | €11,436 | +€466 | +4.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €35,577 | €133,902 | +€98,326 | +276% |
| Taxes | 450/3 | €35,577 | €133,902 | +€98,326 | +276% |
| Other amounts payable | 47/48 | €24,875 | €36,874 | +€12,000 | +48.2% |
| Accrued charges and deferred income | 492/3 | €886 | €0 | -€886 | -100% |
| Remuneration, social security and pensions | 62 | €3,265 | €3,150 | -€115 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,883 | €21,855 | -€5,028 | -18.7% |
| Other operating charges | 640/8 | €2,448 | €3,187 | +€738 | +30.2% |
| Gross operating margin | 9900 | €175,018 | €441,053 | +€266,036 | +152% |
| Operating profit (loss) | 9901 | €142,422 | €412,862 | +€270,440 | +190% |
| Financial income | 75/76B | €1,500 | €79 | -€1,421 | -94.8% |
| Recurring financial income | 75 | €1,500 | €79 | -€1,421 | -94.8% |
| Financial charges | 65/66B | €4,102 | €5,363 | +€1,260 | +30.7% |
| Recurring financial charges | 65 | €4,102 | €5,363 | +€1,260 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €139,820 | €407,578 | +€267,759 | +192% |
| Income taxes | 67/77 | €38,264 | €108,813 | +€70,548 | +184% |
| Profit (loss) for the period | 9904 | €101,555 | €298,766 | +€197,210 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €101,555 | €298,766 | +€197,210 | +194% |
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 24 October 2026 via checked.be.