LODART: 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.
LODART
Largest movements
- Tangible fixed assets +€221,170
up €221,170 (+345.5%), from €64,010 to €285,180
of which Land and buildings: +€220,868
- Cash -€121,701
down €121,701 (-96.9%), from €125,594 to €3,893
mainly Investment in fixed assets (net) (-€223,063) and Net result for the year (-€31,126)
- Debts after one year +€63,000
new in 2025: €63,000
- Other debts +€62,791
up €62,791 (+125.6%), from €50,000 to €112,791
- Profit (loss) carried forward -€31,126
down €31,126 (-1161.8%), from -€2,679 to -€33,804
- Current portion of long-term debt +€7,000
new in 2025: €7,000
- Other operating charges +€24,235
up €24,235 (+1882.2%), from €1,288 to €25,522
- Gross operating margin -€4,359
down €4,359, from €2,258 to -€2,100
- Financial charges -€164
down €164 (-9.2%), from €1,773 to €1,609
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.
Cash bridge derived
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 | €190,426 | €292,101 | +€101,675 | +53.4% |
| Fixed assets | 21/28 | €64,010 | €285,180 | +€221,170 | +345.5% |
| Tangible fixed assets | 22/27 | €64,010 | €285,180 | +€221,170 | +345.5% |
| Land and buildings | 22 | €64,010 | €284,878 | +€220,868 | +345.1% |
| Furniture and vehicles | 24 | - | €301 | +€301 | |
| Current assets | 29/58 | €126,416 | €6,922 | -€119,495 | -94.5% |
| Amounts receivable within one year | 40/41 | €201 | €2,998 | +€2,797 | +1391.6% |
| Trade receivables | 40 | - | €1,835 | +€1,835 | |
| Other amounts receivable | 41 | €201 | €1,163 | +€962 | +478.7% |
| Cash at bank and in hand | 54/58 | €125,594 | €3,893 | -€121,701 | -96.9% |
| Deferred charges and accrued income | 490/1 | €621 | €30 | -€591 | -95.2% |
| Total equity and liabilities | 10/49 | €190,426 | €292,101 | +€101,675 | +53.4% |
| Equity | 10/15 | €140,127 | €109,001 | -€31,126 | -22.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €124,214 | €124,214 | = | 0.0% |
| Non-distributable reserves | 130/1 | €196 | €196 | = | 0.0% |
| Reserves not available under the articles | 1311 | €196 | €196 | = | 0.0% |
| Distributable reserves | 133 | €124,017 | €124,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,679 | -€33,804 | -€31,126 | -1161.8% |
| Amounts payable | 17/49 | €50,300 | €183,100 | +€132,800 | +264.0% |
| Amounts payable after more than one year | 17 | - | €63,000 | +€63,000 | |
| Financial debts | 170/4 | - | €63,000 | +€63,000 | |
| Amounts payable within one year | 42/48 | €50,300 | €120,100 | +€69,800 | +138.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,000 | +€7,000 | |
| Trade debts | 44 | €300 | €309 | +€9 | +3.0% |
| Suppliers | 440/4 | €300 | €309 | +€9 | +3.0% |
| Other amounts payable | 47/48 | €50,000 | €112,791 | +€62,791 | +125.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,882 | €1,894 | +€12 | +0.6% |
| Other operating charges | 640/8 | €1,288 | €25,522 | +€24,235 | +1882.2% |
| Gross operating margin | 9900 | €2,258 | -€2,100 | -€4,359 | |
| Operating profit (loss) | 9901 | -€911 | -€29,516 | -€28,605 | -3139.9% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,773 | €1,609 | -€164 | -9.2% |
| Recurring financial charges | 65 | €1,773 | €1,609 | -€164 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,679 | -€31,126 | -€28,447 | -1061.8% |
| Profit (loss) for the period | 9904 | -€2,679 | -€31,126 | -€28,447 | -1061.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,679 | -€31,126 | -€28,447 | -1061.8% |
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 9 October 2026 via checked.be.