Lodewijck: 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.
Lodewijck
Largest movements
- Cash +€26,022
up €26,022 (+503%), from €5,170 to €31,192
mainly Investment in fixed assets (net) (+€19,331) and Current investments (+€15,072)
- Tangible fixed assets -€19,382
no longer reported in 2026 (was €19,382)
of which Leasing and similar rights: -€19,331
- Current investments -€15,072
down €15,072 (-23.1%), from €65,372 to €50,300
- Receivables within one year -€13,963
down €13,963 (-24.0%), from €58,232 to €44,268
of which Trade receivables: -€13,821
- Reserves -€12,312
down €12,312 (-19.2%), from €64,136 to €51,824
- Current portion of long-term debt -€8,747
no longer reported in 2026 (was €8,747)
- Tax, wage and social debts -€8,387
down €8,387 (-50.8%), from €16,513 to €8,126
of which Taxes: -€8,387
- Other debts +€4,654
up €4,654 (+9.7%), from €47,776 to €52,430
- Trade debts +€3,474
up €3,474 (+167%), from €2,081 to €5,556
- Gross operating margin -€16,422
down €16,422, from €11,676 to -€4,746
- Depreciation -€15,520
down €15,520 (-96.8%), from €16,036 to €515
- Financial charges +€4,905
up €4,905 (+381%), from €1,287 to €6,192
- Financial income -€198
down €198 (-16.7%), from €1,184 to €986
- Other operating charges -€161
down €161 (-8.6%), from €1,877 to €1,716
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,883 | €128,202 | -€21,680 | -14.5% |
| Formation expenses | 20 | €573 | €109 | -€464 | -80.9% |
| Fixed assets | 21/28 | €19,382 | - | -€19,382 | |
| Tangible fixed assets | 22/27 | €19,382 | - | -€19,382 | |
| Furniture and vehicles | 24 | €51 | - | -€51 | |
| Leasing and similar rights | 25 | €19,331 | - | -€19,331 | |
| Current assets | 29/58 | €129,927 | €128,093 | -€1,834 | -1.4% |
| Amounts receivable within one year | 40/41 | €58,232 | €44,268 | -€13,963 | -24.0% |
| Trade receivables | 40 | €35,511 | €21,690 | -€13,821 | -38.9% |
| Other amounts receivable | 41 | €22,721 | €22,578 | -€142 | -0.6% |
| Current investments | 50/53 | €65,372 | €50,300 | -€15,072 | -23.1% |
| Cash at bank and in hand | 54/58 | €5,170 | €31,192 | +€26,022 | +503% |
| Deferred charges and accrued income | 490/1 | €1,154 | €2,333 | +€1,180 | +102% |
| Total equity and liabilities | 10/49 | €149,883 | €128,202 | -€21,680 | -14.5% |
| Equity | 10/15 | €68,136 | €55,824 | -€12,312 | -18.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €64,136 | €51,824 | -€12,312 | -19.2% |
| Distributable reserves | 133 | €64,136 | €51,824 | -€12,312 | -19.2% |
| Amounts payable | 17/49 | €81,746 | €72,378 | -€9,368 | -11.5% |
| Amounts payable after more than one year | 17 | €2,220 | - | -€2,220 | |
| Financial debts | 170/4 | €2,220 | - | -€2,220 | |
| Amounts payable within one year | 42/48 | €79,527 | €72,378 | -€7,149 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €8,747 | - | -€8,747 | |
| Financial debts | 43 | €4,409 | €6,266 | +€1,858 | +42.1% |
| Credit institutions | 430/8 | €4,409 | €6,266 | +€1,858 | +42.1% |
| Trade debts | 44 | €2,081 | €5,556 | +€3,474 | +167% |
| Suppliers | 440/4 | €2,081 | €5,556 | +€3,474 | +167% |
| Taxes, remuneration and social security | 45 | €16,513 | €8,126 | -€8,387 | -50.8% |
| Taxes | 450/3 | €13,813 | €5,426 | -€8,387 | -60.7% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €47,776 | €52,430 | +€4,654 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,036 | €515 | -€15,520 | -96.8% |
| Other operating charges | 640/8 | €1,877 | €1,716 | -€161 | -8.6% |
| Gross operating margin | 9900 | €11,676 | -€4,746 | -€16,422 | |
| Operating profit (loss) | 9901 | -€6,236 | -€6,977 | -€741 | -11.9% |
| Financial income | 75/76B | €1,184 | €986 | -€198 | -16.7% |
| Recurring financial income | 75 | €1,184 | €986 | -€198 | -16.7% |
| Financial charges | 65/66B | €1,287 | €6,192 | +€4,905 | +381% |
| Recurring financial charges | 65 | €1,287 | €6,192 | +€4,905 | +381% |
| Profit (loss) for the period before taxes | 9903 | -€6,339 | -€12,183 | -€5,844 | -92.2% |
| Income taxes | 67/77 | €216 | €129 | -€87 | -40.2% |
| Profit (loss) for the period | 9904 | -€6,555 | -€12,312 | -€5,757 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,555 | -€12,312 | -€5,757 | -87.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.