LODAVAN: what changed
Two fiscal 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.
LODAVAN
Largest movements
- Cash -€425,906
down €425,906 (-99.4%), from €428,530 to €2,624
mainly Current investments (-€400,000) and Debts after one year (-€33,578)
- Current investments +€400,000
new in 2025: €400,000
- Receivables within one year +€22,578
up €22,578 (+38.9%), from €57,975 to €80,553
- Debts after one year -€33,578
down €33,578 (-38.9%), from €86,270 to €52,693
- Reserves +€23,983
up €23,983 (+5.6%), from €427,528 to €451,511
of which Distributable reserves: +€23,983
- Depreciation -€78,506
down €78,506 (-68.3%), from €114,956 to €36,450
- Gross operating margin -€48,381
down €48,381 (-36.3%), from €133,179 to €84,798
- Financial income -€3,565
down €3,565 (-53.6%), from €6,649 to €3,085
- Taxes -€2,869
down €2,869 (-19.0%), from €15,104 to €12,235
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 | €1,364,235 | €1,352,468 | -€11,767 | -0.9% |
| Fixed assets | 21/28 | €877,730 | €869,291 | -€8,439 | -1.0% |
| Tangible fixed assets | 22/27 | €877,730 | €869,291 | -€8,439 | -1.0% |
| Land and buildings | 22 | €868,531 | €864,058 | -€4,473 | -0.5% |
| Plant, machinery and equipment | 23 | €6,329 | €3,329 | -€3,000 | -47.4% |
| Furniture and vehicles | 24 | €2,870 | €1,904 | -€966 | -33.7% |
| Current assets | 29/58 | €486,506 | €483,178 | -€3,328 | -0.7% |
| Amounts receivable within one year | 40/41 | €57,975 | €80,553 | +€22,578 | +38.9% |
| Other amounts receivable | 41 | €57,975 | €80,553 | +€22,578 | +38.9% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €428,530 | €2,624 | -€425,906 | -99.4% |
| Total equity and liabilities | 10/49 | €1,364,235 | €1,352,468 | -€11,767 | -0.9% |
| Equity | 10/15 | €1,228,594 | €1,252,577 | +€23,983 | +2.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Revaluation surpluses | 12 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €427,528 | €451,511 | +€23,983 | +5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €425,668 | €449,651 | +€23,983 | +5.6% |
| Profit (loss) carried forward | 14 | -€5,934 | -€5,934 | = | 0.0% |
| Amounts payable | 17/49 | €135,641 | €99,891 | -€35,750 | -26.4% |
| Amounts payable after more than one year | 17 | €86,270 | €52,693 | -€33,578 | -38.9% |
| Financial debts | 170/4 | €86,270 | €52,693 | -€33,578 | -38.9% |
| Amounts payable within one year | 42/48 | €49,371 | €47,198 | -€2,173 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €32,438 | €33,578 | +€1,140 | +3.5% |
| Trade debts | 44 | €1,782 | €1,104 | -€678 | -38.0% |
| Suppliers | 440/4 | €1,782 | €1,104 | -€678 | -38.0% |
| Taxes, remuneration and social security | 45 | €15,151 | €12,516 | -€2,635 | -17.4% |
| Taxes | 450/3 | €15,151 | €12,516 | -€2,635 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,956 | €36,450 | -€78,506 | -68.3% |
| Other operating charges | 640/8 | €10,491 | €11,178 | +€686 | +6.5% |
| Gross operating margin | 9900 | €133,179 | €84,798 | -€48,381 | -36.3% |
| Operating profit (loss) | 9901 | €7,732 | €37,171 | +€29,439 | +380.8% |
| Financial income | 75/76B | €6,649 | €3,085 | -€3,565 | -53.6% |
| Recurring financial income | 75 | €6,649 | €3,085 | -€3,565 | -53.6% |
| Financial charges | 65/66B | €5,211 | €4,037 | -€1,174 | -22.5% |
| Recurring financial charges | 65 | €5,211 | €4,037 | -€1,174 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €9,170 | €36,219 | +€27,049 | +295.0% |
| Income taxes | 67/77 | €15,104 | €12,235 | -€2,869 | -19.0% |
| Profit (loss) for the period | 9904 | -€5,934 | €23,983 | +€29,917 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,934 | €23,983 | +€29,917 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.