Lodep: 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.
Lodep
Largest movements
- Tangible fixed assets -€62,164
down €62,164 (-6.2%), from €995,718 to €933,554
- Cash -€46,089
down €46,089 (-48.8%), from €94,363 to €48,274
mainly Debts after one year (-€70,739) and Net result for the year (-€34,653)
- Debts after one year -€70,739
down €70,739 (-10.5%), from €671,839 to €601,100
- Profit (loss) carried forward -€19,456
new in 2025: -€19,456
- Reserves -€15,197
down €15,197 (-5.7%), from €268,482 to €253,285
of which Tax-exempt reserves: -€15,197
- Current portion of long-term debt +€13,952
up €13,952 (+30.1%), from €46,294 to €60,246
- Other operating charges -€4,423
down €4,423 (-39.5%), from €11,202 to €6,779
- Gross operating margin -€2,802
down €2,802 (-5.9%), from €47,155 to €44,353
- Financial income -€1,696
down €1,696 (-18.8%), from €9,020 to €7,324
- Depreciation +€1,115
up €1,115 (+1.8%), from €61,049 to €62,164
- Financial charges +€964
up €964 (+4.6%), from €21,031 to €21,995
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 | €1,255,028 | €1,151,063 | -€103,966 | -8.3% |
| Fixed assets | 21/28 | €995,718 | €933,554 | -€62,164 | -6.2% |
| Tangible fixed assets | 22/27 | €995,718 | €933,554 | -€62,164 | -6.2% |
| Land and buildings | 22 | €897,243 | €867,164 | -€30,079 | -3.4% |
| Plant, machinery and equipment | 23 | €10,841 | €8,512 | -€2,328 | -21.5% |
| Furniture and vehicles | 24 | €15,318 | €11,113 | -€4,205 | -27.5% |
| Leasing and similar rights | 25 | €72,316 | €46,764 | -€25,552 | -35.3% |
| Current assets | 29/58 | €259,311 | €217,509 | -€41,802 | -16.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,218 | €55,625 | -€1,593 | -2.8% |
| Trade receivables | 40 | €5,769 | €2,026 | -€3,743 | -64.9% |
| Other amounts receivable | 41 | €51,449 | €53,599 | +€2,150 | +4.2% |
| Cash at bank and in hand | 54/58 | €94,363 | €48,274 | -€46,089 | -48.8% |
| Deferred charges and accrued income | 490/1 | €7,730 | €13,610 | +€5,880 | +76.1% |
| Total equity and liabilities | 10/49 | €1,255,028 | €1,151,063 | -€103,966 | -8.3% |
| Equity | 10/15 | €487,074 | €452,421 | -€34,653 | -7.1% |
| Contributions | 10/11 | €218,592 | €218,592 | = | 0.0% |
| Reserves | 13 | €268,482 | €253,285 | -€15,197 | -5.7% |
| Tax-exempt reserves | 132 | €112,306 | €97,109 | -€15,197 | -13.5% |
| Distributable reserves | 133 | €156,176 | €156,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,456 | -€19,456 | |
| Provisions and deferred taxes | 16 | €36,816 | €31,750 | -€5,066 | -13.8% |
| Deferred taxes | 168 | €36,816 | €31,750 | -€5,066 | -13.8% |
| Amounts payable | 17/49 | €731,139 | €666,892 | -€64,247 | -8.8% |
| Amounts payable after more than one year | 17 | €671,839 | €601,100 | -€70,739 | -10.5% |
| Financial debts | 170/4 | €671,839 | €601,100 | -€70,739 | -10.5% |
| Amounts payable within one year | 42/48 | €59,300 | €65,792 | +€6,492 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €46,294 | €60,246 | +€13,952 | +30.1% |
| Trade debts | 44 | €9,653 | €1,488 | -€8,165 | -84.6% |
| Suppliers | 440/4 | €9,653 | €1,488 | -€8,165 | -84.6% |
| Taxes, remuneration and social security | 45 | €3,353 | €4,058 | +€705 | +21.0% |
| Taxes | 450/3 | €2,903 | €3,608 | +€705 | +24.3% |
| Remuneration and social security | 454/9 | €450 | €450 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,049 | €62,164 | +€1,115 | +1.8% |
| Other operating charges | 640/8 | €11,202 | €6,779 | -€4,423 | -39.5% |
| Gross operating margin | 9900 | €47,155 | €44,353 | -€2,802 | -5.9% |
| Operating profit (loss) | 9901 | -€25,096 | -€24,590 | +€506 | +2.0% |
| Financial income | 75/76B | €9,020 | €7,324 | -€1,696 | -18.8% |
| Recurring financial income | 75 | €9,020 | €7,324 | -€1,696 | -18.8% |
| Financial charges | 65/66B | €21,031 | €21,995 | +€964 | +4.6% |
| Recurring financial charges | 65 | €21,031 | €21,995 | +€964 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,107 | -€39,261 | -€2,154 | -5.8% |
| Transfer from deferred taxes | 780 | €5,042 | €5,066 | +€23 | +0.5% |
| Income taxes | 67/77 | €527 | €457 | -€70 | -13.3% |
| Profit (loss) for the period | 9904 | -€32,591 | -€34,653 | -€2,061 | -6.3% |
| Transfer from tax-exempt reserves | 789 | €15,127 | €15,197 | +€69 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,464 | -€19,456 | -€1,992 | -11.4% |
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 13 October 2026 via checked.be.