Lodewijkx: 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.
Lodewijkx
Largest movements
- Receivables within one year +€23,215
up €23,215 (+103%), from €22,536 to €45,751
of which Trade receivables: +€20,570
- Cash -€11,807
down €11,807 (-92.6%), from €12,754 to €947
mainly Receivables within one year (-€23,215) and Other debts (-€12,363)
- Tangible fixed assets +€4,097
up €4,097 (+519%), from €790 to €4,887
of which Furniture and vehicles: +€4,300
- Reserves +€19,949
up €19,949 (+84.7%), from €23,559 to €43,508
- Other debts -€12,363
down €12,363 (-77.0%), from €16,046 to €3,683
- Accrued charges and deferred income +€8,500
new in 2025: €8,500
- Short-term financial debts -€1,726
down €1,726 (-24.7%), from €7,000 to €5,274
- Trade debts +€1,151
up €1,151 (+221%), from €520 to €1,671
- Gross operating margin -€2,216
down €2,216 (-7.0%), from €31,611 to €29,395
- Financial charges +€1,235
up €1,235 (+50,819%), from €2 to €1,237
- Staff costs +€957
new in 2025: €957
- Taxes -€656
down €656 (-10.8%), from €6,074 to €5,418
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 | €57,166 | €72,515 | +€15,348 | +26.8% |
| Formation expenses | 20 | €306 | €0 | -€306 | -100% |
| Fixed assets | 21/28 | €21,570 | €25,667 | +€4,097 | +19.0% |
| Tangible fixed assets | 22/27 | €790 | €4,887 | +€4,097 | +519% |
| Plant, machinery and equipment | 23 | €483 | €279 | -€203 | -42.1% |
| Furniture and vehicles | 24 | €307 | €4,608 | +€4,300 | +1,400% |
| Financial fixed assets | 28 | €20,780 | €20,780 | = | 0.0% |
| Current assets | 29/58 | €35,290 | €46,848 | +€11,557 | +32.7% |
| Amounts receivable within one year | 40/41 | €22,536 | €45,751 | +€23,215 | +103% |
| Trade receivables | 40 | €20,570 | €41,140 | +€20,570 | +100% |
| Other amounts receivable | 41 | €1,966 | €4,611 | +€2,645 | +135% |
| Cash at bank and in hand | 54/58 | €12,754 | €947 | -€11,807 | -92.6% |
| Deferred charges and accrued income | 490/1 | - | €149 | +€149 | |
| Total equity and liabilities | 10/49 | €57,166 | €72,515 | +€15,348 | +26.8% |
| Equity | 10/15 | €26,059 | €46,008 | +€19,949 | +76.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €23,559 | €43,508 | +€19,949 | +84.7% |
| Distributable reserves | 133 | €23,559 | €43,508 | +€19,949 | +84.7% |
| Amounts payable | 17/49 | €31,108 | €26,507 | -€4,601 | -14.8% |
| Amounts payable within one year | 42/48 | €31,108 | €18,007 | -€13,101 | -42.1% |
| Financial debts | 43 | €7,000 | €5,274 | -€1,726 | -24.7% |
| Credit institutions | 430/8 | €7,000 | €5,274 | -€1,726 | -24.7% |
| Trade debts | 44 | €520 | €1,671 | +€1,151 | +221% |
| Suppliers | 440/4 | €520 | €1,671 | +€1,151 | +221% |
| Taxes, remuneration and social security | 45 | €7,542 | €7,379 | -€163 | -2.2% |
| Taxes | 450/3 | €7,542 | €4,879 | -€2,663 | -35.3% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €16,046 | €3,683 | -€12,363 | -77.0% |
| Accrued charges and deferred income | 492/3 | - | €8,500 | +€8,500 | |
| Remuneration, social security and pensions | 62 | - | €957 | +€957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,491 | €1,187 | -€304 | -20.4% |
| Other operating charges | 640/8 | €485 | €722 | +€237 | +48.9% |
| Gross operating margin | 9900 | €31,611 | €29,395 | -€2,216 | -7.0% |
| Operating profit (loss) | 9901 | €29,635 | €26,529 | -€3,107 | -10.5% |
| Financial income | 75/76B | - | €76 | +€76 | |
| Recurring financial income | 75 | - | €76 | +€76 | |
| Financial charges | 65/66B | €2 | €1,237 | +€1,235 | +50,819% |
| Recurring financial charges | 65 | €2 | €1,237 | +€1,235 | +50,819% |
| Profit (loss) for the period before taxes | 9903 | €29,633 | €25,367 | -€4,266 | -14.4% |
| Income taxes | 67/77 | €6,074 | €5,418 | -€656 | -10.8% |
| Profit (loss) for the period | 9904 | €23,559 | €19,949 | -€3,610 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,559 | €19,949 | -€3,610 | -15.3% |
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 17 October 2026 via checked.be.