LODECOR: 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.
LODECOR
Largest movements
- Receivables within one year +€11,561
new in 2025: €11,561
- Tangible fixed assets -€3,634
down €3,634 (-17.4%), from €20,882 to €17,248
of which Furniture and vehicles: -€5,874
- Cash +€2,694
up €2,694 (+3.7%), from €73,557 to €76,251
mainly Net result for the year (+€16,310) and Depreciation (+€6,316)
- Reserves +€16,310
up €16,310 (+22.2%), from €73,428 to €89,738
- Other debts -€3,205
down €3,205 (-48.6%), from €6,595 to €3,391
- Trade debts -€3,173
down €3,173 (-61.7%), from €5,141 to €1,969
- Tax, wage and social debts +€3,043
up €3,043 (+1125.5%), from €270 to €3,313
- Debts after one year -€2,105
no longer reported in 2025 (was €2,105)
- Gross operating margin +€21,128
up €21,128 (+429.9%), from €4,915 to €26,043
- Taxes -€3,039
down €3,039 (-60.4%), from €5,034 to €1,995
- Financial charges -€2,893
down €2,893 (-93.8%), from €3,086 to €192
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 | €94,439 | €105,310 | +€10,871 | +11.5% |
| Fixed assets | 21/28 | €20,882 | €17,248 | -€3,634 | -17.4% |
| Tangible fixed assets | 22/27 | €20,882 | €17,248 | -€3,634 | -17.4% |
| Plant, machinery and equipment | 23 | €89 | €2,329 | +€2,240 | +2517.1% |
| Furniture and vehicles | 24 | €20,793 | €14,919 | -€5,874 | -28.3% |
| Current assets | 29/58 | €73,557 | €88,062 | +€14,505 | +19.7% |
| Amounts receivable within one year | 40/41 | - | €11,561 | +€11,561 | |
| Trade receivables | 40 | - | €11,561 | +€11,561 | |
| Cash at bank and in hand | 54/58 | €73,557 | €76,251 | +€2,694 | +3.7% |
| Deferred charges and accrued income | 490/1 | - | €250 | +€250 | |
| Total equity and liabilities | 10/49 | €94,439 | €105,310 | +€10,871 | +11.5% |
| Equity | 10/15 | €80,327 | €96,637 | +€16,310 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,428 | €89,738 | +€16,310 | +22.2% |
| Non-distributable reserves | 130/1 | €73,428 | €89,738 | +€16,310 | +22.2% |
| Other | 1319 | €73,428 | €89,738 | +€16,310 | +22.2% |
| Profit (loss) carried forward | 14 | -€11,701 | -€11,701 | = | 0.0% |
| Amounts payable | 17/49 | €14,112 | €8,673 | -€5,439 | -38.5% |
| Amounts payable after more than one year | 17 | €2,105 | - | -€2,105 | |
| Financial debts | 170/4 | €2,105 | - | -€2,105 | |
| Amounts payable within one year | 42/48 | €12,007 | €8,673 | -€3,334 | -27.8% |
| Trade debts | 44 | €5,141 | €1,969 | -€3,173 | -61.7% |
| Suppliers | 440/4 | €5,141 | €1,969 | -€3,173 | -61.7% |
| Taxes, remuneration and social security | 45 | €270 | €3,313 | +€3,043 | +1125.5% |
| Taxes | 450/3 | €270 | €3,313 | +€3,043 | +1125.5% |
| Other amounts payable | 47/48 | €6,595 | €3,391 | -€3,205 | -48.6% |
| Non-recurring operating income | 76A | €9,983 | - | -€9,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,088 | €6,316 | +€228 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €150 | - | -€150 | |
| Other operating charges | 640/8 | €1,279 | €1,229 | -€50 | -3.9% |
| Gross operating margin | 9900 | €4,915 | €26,043 | +€21,128 | +429.9% |
| Operating profit (loss) | 9901 | -€2,603 | €18,497 | +€21,100 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,086 | €192 | -€2,893 | -93.8% |
| Recurring financial charges | 65 | €3,086 | €192 | -€2,893 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,688 | €18,305 | +€23,993 | |
| Income taxes | 67/77 | €5,034 | €1,995 | -€3,039 | -60.4% |
| Profit (loss) for the period | 9904 | -€10,722 | €16,310 | +€27,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,722 | €16,310 | +€27,032 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.