LODE: 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.
LODE
Largest movements
- Receivables within one year +€7,911
up €7,911 (+279.2%), from €2,833 to €10,744
of which Trade receivables: +€6,943
- Tangible fixed assets +€6,101
up €6,101 (+45.3%), from €13,463 to €19,565
of which Other tangible fixed assets: +€5,087
- Deferred charges and accrued income +€2,949
up €2,949 (+1552.4%), from €190 to €3,139
- Formation expenses -€1,049
down €1,049 (-37.2%), from €2,823 to €1,773
- Trade debts +€11,553
up €11,553 (+1438.3%), from €803 to €12,356
- Advances received +€2,260
up €2,260 (+594.9%), from €380 to €2,640
- Other debts +€992
up €992 (+4.2%), from €23,862 to €24,854
- Profit (loss) carried forward +€887
up €887 (+14.0%), from -€6,320 to -€5,433
- Gross operating margin +€9,950
up €9,950, from -€5,567 to €4,383
- Depreciation +€2,229
up €2,229 (+344.3%), from €647 to €2,876
- Other operating charges +€497
up €497 (+470.7%), from €106 to €602
- Financial charges +€102
up €102 (+67753.3%), from €0 to €102
- Financial income +€84
up €84 (+839500.0%), from €0 to €84
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 | €23,726 | €39,429 | +€15,703 | +66.2% |
| Formation expenses | 20 | €2,823 | €1,773 | -€1,049 | -37.2% |
| Fixed assets | 21/28 | €13,463 | €19,565 | +€6,101 | +45.3% |
| Tangible fixed assets | 22/27 | €13,463 | €19,565 | +€6,101 | +45.3% |
| Plant, machinery and equipment | 23 | - | €1,014 | +€1,014 | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Other tangible fixed assets | 26 | €13,463 | €18,551 | +€5,087 | +37.8% |
| Current assets | 29/58 | €7,440 | €18,091 | +€10,651 | +143.2% |
| Amounts receivable within one year | 40/41 | €2,833 | €10,744 | +€7,911 | +279.2% |
| Trade receivables | 40 | €1,920 | €8,862 | +€6,943 | +361.6% |
| Other amounts receivable | 41 | €913 | €1,882 | +€969 | +106.0% |
| Cash at bank and in hand | 54/58 | €4,417 | €4,207 | -€210 | -4.7% |
| Deferred charges and accrued income | 490/1 | €190 | €3,139 | +€2,949 | +1552.4% |
| Total equity and liabilities | 10/49 | €23,726 | €39,429 | +€15,703 | +66.2% |
| Equity | 10/15 | -€1,320 | -€433 | +€887 | +67.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,320 | -€5,433 | +€887 | +14.0% |
| Amounts payable | 17/49 | €25,046 | €39,861 | +€14,816 | +59.2% |
| Amounts payable within one year | 42/48 | €25,045 | €39,861 | +€14,815 | +59.2% |
| Trade debts | 44 | €803 | €12,356 | +€11,553 | +1438.3% |
| Suppliers | 440/4 | €803 | €12,356 | +€11,553 | +1438.3% |
| Advances received on contracts in progress | 46 | €380 | €2,640 | +€2,260 | +594.9% |
| Taxes, remuneration and social security | 45 | €0 | €10 | +€10 | |
| Taxes | 450/3 | €0 | €10 | +€10 | |
| Other amounts payable | 47/48 | €23,862 | €24,854 | +€992 | +4.2% |
| Accrued charges and deferred income | 492/3 | €0 | €1 | +€1 | +393.3% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €2,876 | +€2,229 | +344.3% |
| Other operating charges | 640/8 | €106 | €602 | +€497 | +470.7% |
| Gross operating margin | 9900 | -€5,567 | €4,383 | +€9,950 | |
| Operating profit (loss) | 9901 | -€6,320 | €905 | +€7,225 | |
| Financial income | 75/76B | €0 | €84 | +€84 | +839500.0% |
| Recurring financial income | 75 | €0 | €84 | +€84 | +839500.0% |
| Financial charges | 65/66B | €0 | €102 | +€102 | +67753.3% |
| Recurring financial charges | 65 | €0 | €102 | +€102 | +67753.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,320 | €887 | +€7,207 | |
| Profit (loss) for the period | 9904 | -€6,320 | €887 | +€7,207 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,320 | €887 | +€7,207 |
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 11 October 2026 via checked.be.