LODE D'HAENENS: 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 D'HAENENS
Largest movements
- Receivables within one year +€6,058
up €6,058 (+94.5%), from €6,409 to €12,467
- Tangible fixed assets +€1,831
up €1,831 (+64.7%), from €2,830 to €4,661
of which Other tangible fixed assets: +€2,256
- Deferred charges and accrued income +€1,478
up €1,478 (+75.7%), from €1,952 to €3,430
- Cash -€1,133
down €1,133 (-80.3%), from €1,410 to €277
mainly Receivables within one year (-€6,058) and Investment in fixed assets (net) (-€2,590)
- Reserves +€17,499
new in 2025: €17,499
- Profit (loss) carried forward -€8,336
no longer reported in 2025 (was €8,336)
- Trade debts -€840
down €840 (-81.1%), from €1,036 to €196
- Tax, wage and social debts -€237
down €237 (-10.6%), from €2,229 to €1,992
- Gross operating margin -€1,285
down €1,285 (-8.7%), from €14,776 to €13,490
- Other operating charges +€615
up €615 (+196%), from €315 to €930
- Financial income +€429
up €429 (+613%), from €70 to €499
- Depreciation -€336
down €336 (-30.7%), from €1,096 to €759
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 | €12,601 | €20,835 | +€8,234 | +65.3% |
| Fixed assets | 21/28 | €2,830 | €4,661 | +€1,831 | +64.7% |
| Tangible fixed assets | 22/27 | €2,830 | €4,661 | +€1,831 | +64.7% |
| Plant, machinery and equipment | 23 | €1,344 | €919 | -€425 | -31.6% |
| Other tangible fixed assets | 26 | €1,486 | €3,742 | +€2,256 | +152% |
| Current assets | 29/58 | €9,771 | €16,174 | +€6,403 | +65.5% |
| Amounts receivable within one year | 40/41 | €6,409 | €12,467 | +€6,058 | +94.5% |
| Other amounts receivable | 41 | €6,409 | €12,467 | +€6,058 | +94.5% |
| Cash at bank and in hand | 54/58 | €1,410 | €277 | -€1,133 | -80.3% |
| Deferred charges and accrued income | 490/1 | €1,952 | €3,430 | +€1,478 | +75.7% |
| Total equity and liabilities | 10/49 | €12,601 | €20,835 | +€8,234 | +65.3% |
| Equity | 10/15 | €9,336 | €18,499 | +€9,163 | +98.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €17,499 | +€17,499 | |
| Distributable reserves | 133 | - | €17,499 | +€17,499 | |
| Profit (loss) carried forward | 14 | €8,336 | - | -€8,336 | |
| Amounts payable | 17/49 | €3,265 | €2,336 | -€929 | -28.5% |
| Amounts payable within one year | 42/48 | €3,265 | €2,336 | -€929 | -28.5% |
| Trade debts | 44 | €1,036 | €196 | -€840 | -81.1% |
| Suppliers | 440/4 | €1,036 | €196 | -€840 | -81.1% |
| Taxes, remuneration and social security | 45 | €2,229 | €1,992 | -€237 | -10.6% |
| Taxes | 450/3 | €2,229 | €1,992 | -€237 | -10.6% |
| Other amounts payable | 47/48 | - | €147 | +€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,096 | €759 | -€336 | -30.7% |
| Other operating charges | 640/8 | €315 | €930 | +€615 | +196% |
| Gross operating margin | 9900 | €14,776 | €13,490 | -€1,285 | -8.7% |
| Operating profit (loss) | 9901 | €13,365 | €11,801 | -€1,564 | -11.7% |
| Financial income | 75/76B | €70 | €499 | +€429 | +613% |
| Recurring financial income | 75 | €70 | €499 | +€429 | +613% |
| Financial charges | 65/66B | €190 | €185 | -€6 | -3.0% |
| Recurring financial charges | 65 | €190 | €185 | -€6 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €13,245 | €12,116 | -€1,129 | -8.5% |
| Income taxes | 67/77 | €3,004 | €2,953 | -€51 | -1.7% |
| Profit (loss) for the period | 9904 | €10,241 | €9,163 | -€1,078 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,241 | €9,163 | -€1,078 | -10.5% |
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 28 October 2026 via checked.be.