LODELCO: 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.
LODELCO
Largest movements
- Cash -€9,781
down €9,781 (-33.1%), from €29,541 to €19,760
mainly Other debts (-€6,188) and Net result for the year (-€5,141)
- Tangible fixed assets -€1,547
down €1,547 (-2.2%), from €70,153 to €68,606
- Other debts -€6,188
down €6,188 (-31.5%), from €19,656 to €13,468
- Profit (loss) carried forward -€5,141
down €5,141 (-52.1%), from -€9,858 to -€14,999
- Gross operating margin -€6,137
down €6,137 (-56.7%), from €10,827 to €4,690
- Other operating charges +€1,187
up €1,187 (+43.4%), from €2,738 to €3,925
- Depreciation +€585
up €585 (+10.7%), from €5,456 to €6,041
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 | €99,694 | €88,366 | -€11,328 | -11.4% |
| Fixed assets | 21/28 | €70,153 | €68,606 | -€1,547 | -2.2% |
| Tangible fixed assets | 22/27 | €70,153 | €68,606 | -€1,547 | -2.2% |
| Land and buildings | 22 | €70,153 | €68,606 | -€1,547 | -2.2% |
| Current assets | 29/58 | €29,541 | €19,760 | -€9,781 | -33.1% |
| Cash at bank and in hand | 54/58 | €29,541 | €19,760 | -€9,781 | -33.1% |
| Total equity and liabilities | 10/49 | €99,694 | €88,366 | -€11,328 | -11.4% |
| Equity | 10/15 | €80,039 | €74,898 | -€5,141 | -6.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €27,897 | €27,897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €21,697 | €21,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,858 | -€14,999 | -€5,141 | -52.1% |
| Amounts payable | 17/49 | €19,656 | €13,468 | -€6,188 | -31.5% |
| Amounts payable within one year | 42/48 | €19,656 | €13,468 | -€6,188 | -31.5% |
| Other amounts payable | 47/48 | €19,656 | €13,468 | -€6,188 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,456 | €6,041 | +€585 | +10.7% |
| Other operating charges | 640/8 | €2,738 | €3,925 | +€1,187 | +43.4% |
| Gross operating margin | 9900 | €10,827 | €4,690 | -€6,137 | -56.7% |
| Operating profit (loss) | 9901 | €2,633 | -€5,276 | -€7,909 | |
| Financial income | 75/76B | €178 | €155 | -€23 | -12.8% |
| Recurring financial income | 75 | €178 | €155 | -€23 | -12.8% |
| Financial charges | 65/66B | €90 | €59 | -€32 | -35.0% |
| Recurring financial charges | 65 | €90 | €59 | -€32 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €2,721 | -€5,179 | -€7,900 | |
| Income taxes | 67/77 | €53 | -€39 | -€92 | |
| Profit (loss) for the period | 9904 | €2,668 | -€5,141 | -€7,808 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,668 | -€5,141 | -€7,808 |
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 14 October 2026 via checked.be.