LODEWIJCKX: 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.
LODEWIJCKX
Largest movements
- Cash +€65,876
up €65,876 (+17.7%), from €372,202 to €438,078
mainly Net result for the year (+€56,523) and Depreciation (+€27,291)
- Tangible fixed assets -€23,153
down €23,153 (-7.5%), from €306,888 to €283,735
of which Furniture and vehicles: -€12,059
- Stocks and contracts -€15,798
down €15,798 (-15.5%), from €101,670 to €85,872
- Reserves +€56,523
up €56,523 (+7.8%), from €721,531 to €778,054
of which Distributable reserves: +€56,523
- Trade debts -€35,150
down €35,150 (-73.6%), from €47,736 to €12,586
- Staff costs +€9,533
up €9,533 (+5.8%), from €164,683 to €174,217
- Gross operating margin +€8,972
up €8,972 (+3.3%), from €275,938 to €284,911
- Depreciation +€3,131
up €3,131 (+13.0%), from €24,160 to €27,291
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 | €851,337 | €872,046 | +€20,710 | +2.4% |
| Fixed assets | 21/28 | €307,388 | €284,235 | -€23,153 | -7.5% |
| Tangible fixed assets | 22/27 | €306,888 | €283,735 | -€23,153 | -7.5% |
| Land and buildings | 22 | €256,243 | €249,358 | -€6,885 | -2.7% |
| Plant, machinery and equipment | 23 | €12,106 | €7,898 | -€4,208 | -34.8% |
| Furniture and vehicles | 24 | €38,538 | €26,479 | -€12,059 | -31.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €543,949 | €587,811 | +€43,863 | +8.1% |
| Stocks and contracts in progress | 3 | €101,670 | €85,872 | -€15,798 | -15.5% |
| Stocks | 30/36 | €101,670 | €85,872 | -€15,798 | -15.5% |
| Amounts receivable within one year | 40/41 | €70,076 | €63,764 | -€6,312 | -9.0% |
| Trade receivables | 40 | €68,878 | €57,389 | -€11,489 | -16.7% |
| Other amounts receivable | 41 | €1,198 | €6,375 | +€5,177 | +432% |
| Cash at bank and in hand | 54/58 | €372,202 | €438,078 | +€65,876 | +17.7% |
| Deferred charges and accrued income | 490/1 | - | €97 | +€97 | |
| Total equity and liabilities | 10/49 | €851,337 | €872,046 | +€20,710 | +2.4% |
| Equity | 10/15 | €783,504 | €840,027 | +€56,523 | +7.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €721,531 | €778,054 | +€56,523 | +7.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €715,333 | €771,856 | +€56,523 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,833 | €32,019 | -€35,813 | -52.8% |
| Amounts payable within one year | 42/48 | €67,833 | €32,019 | -€35,813 | -52.8% |
| Trade debts | 44 | €47,736 | €12,586 | -€35,150 | -73.6% |
| Suppliers | 440/4 | €47,736 | €12,586 | -€35,150 | -73.6% |
| Taxes, remuneration and social security | 45 | €13,997 | €19,433 | +€5,436 | +38.8% |
| Taxes | 450/3 | €8,969 | €17,586 | +€8,617 | +96.1% |
| Remuneration and social security | 454/9 | €5,028 | €1,847 | -€3,181 | -63.3% |
| Other amounts payable | 47/48 | €6,100 | €0 | -€6,100 | -100% |
| Non-recurring operating income | 76A | €657 | €0 | -€657 | -100% |
| Remuneration, social security and pensions | 62 | €164,683 | €174,217 | +€9,533 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,160 | €27,291 | +€3,131 | +13.0% |
| Other operating charges | 640/8 | €7,600 | €7,680 | +€80 | +1.1% |
| Non-recurring operating charges | 66A | €456 | €0 | -€456 | -100% |
| Gross operating margin | 9900 | €275,938 | €284,911 | +€8,972 | +3.3% |
| Operating profit (loss) | 9901 | €79,040 | €75,723 | -€3,316 | -4.2% |
| Financial income | 75/76B | €256 | €144 | -€112 | -43.9% |
| Recurring financial income | 75 | €256 | €144 | -€112 | -43.9% |
| Financial charges | 65/66B | €1,563 | €2,715 | +€1,152 | +73.7% |
| Recurring financial charges | 65 | €1,563 | €2,715 | +€1,152 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €77,732 | €73,151 | -€4,581 | -5.9% |
| Income taxes | 67/77 | €17,922 | €16,628 | -€1,293 | -7.2% |
| Profit (loss) for the period | 9904 | €59,810 | €56,523 | -€3,287 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,810 | €56,523 | -€3,287 | -5.5% |
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 20 October 2026 via checked.be.