LODEWYCKX BERT: 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.
LODEWYCKX BERT
Largest movements
- Tangible fixed assets +€232,228
up €232,228 (+28.4%), from €816,373 to €1.0m
of which Land and buildings: +€267,630
- Receivables within one year -€67,261
down €67,261 (-93.8%), from €71,676 to €4,415
of which Trade receivables: -€57,225
- Stocks and contracts +€30,838
new in 2025: €30,838
- Debts after one year +€153,691
up €153,691 (+29.1%), from €527,935 to €681,626
- Reserves +€103,605
up €103,605 (+45.8%), from €226,028 to €329,633
- Accrued charges and deferred income -€98,164
down €98,164 (-99.7%), from €98,414 to €250
- Trade debts +€31,151
up €31,151 (+510%), from €6,109 to €37,260
- Current portion of long-term debt +€12,654
up €12,654 (+24.1%), from €52,408 to €65,063
- Depreciation -€31,083
down €31,083 (-28.7%), from €108,256 to €77,173
- Gross operating margin +€23,688
up €23,688 (+11.4%), from €208,390 to €232,078
- Financial charges +€13,734
up €13,734 (+89.5%), from €15,349 to €29,083
- Taxes +€4,243
up €4,243 (+28.3%), from €14,988 to €19,231
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 | €946,009 | €1,136,589 | +€190,580 | +20.1% |
| Fixed assets | 21/28 | €816,373 | €1,048,601 | +€232,228 | +28.4% |
| Tangible fixed assets | 22/27 | €816,373 | €1,048,601 | +€232,228 | +28.4% |
| Land and buildings | 22 | €742,750 | €1,010,380 | +€267,630 | +36.0% |
| Plant, machinery and equipment | 23 | €12,859 | €8,390 | -€4,468 | -34.8% |
| Furniture and vehicles | 24 | €60,764 | €29,831 | -€30,934 | -50.9% |
| Current assets | 29/58 | €129,636 | €87,989 | -€41,647 | -32.1% |
| Stocks and contracts in progress | 3 | - | €30,838 | +€30,838 | |
| Stocks | 30/36 | - | €30,838 | +€30,838 | |
| Amounts receivable within one year | 40/41 | €71,676 | €4,415 | -€67,261 | -93.8% |
| Trade receivables | 40 | €60,673 | €3,448 | -€57,225 | -94.3% |
| Other amounts receivable | 41 | €11,002 | €966 | -€10,036 | -91.2% |
| Cash at bank and in hand | 54/58 | €57,960 | €49,025 | -€8,936 | -15.4% |
| Deferred charges and accrued income | 490/1 | - | €3,711 | +€3,711 | |
| Total equity and liabilities | 10/49 | €946,009 | €1,136,589 | +€190,580 | +20.1% |
| Equity | 10/15 | €244,628 | €348,233 | +€103,605 | +42.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,028 | €329,633 | +€103,605 | +45.8% |
| Distributable reserves | 133 | €226,028 | €329,633 | +€103,605 | +45.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €701,381 | €788,356 | +€86,975 | +12.4% |
| Amounts payable after more than one year | 17 | €527,935 | €681,626 | +€153,691 | +29.1% |
| Financial debts | 170/4 | €527,935 | €681,626 | +€153,691 | +29.1% |
| Amounts payable within one year | 42/48 | €75,032 | €106,480 | +€31,448 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €52,408 | €65,063 | +€12,654 | +24.1% |
| Financial debts | 43 | €10,000 | €0 | -€10,000 | -100% |
| Other loans | 439 | €10,000 | €0 | -€10,000 | -100% |
| Trade debts | 44 | €6,109 | €37,260 | +€31,151 | +510% |
| Suppliers | 440/4 | €6,109 | €37,260 | +€31,151 | +510% |
| Taxes, remuneration and social security | 45 | €847 | €3,545 | +€2,698 | +319% |
| Taxes | 450/3 | €847 | €3,545 | +€2,698 | +319% |
| Other amounts payable | 47/48 | €5,668 | €612 | -€5,056 | -89.2% |
| Accrued charges and deferred income | 492/3 | €98,414 | €250 | -€98,164 | -99.7% |
| Non-recurring operating income | 76A | €0 | €4,642 | +€4,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,256 | €77,173 | -€31,083 | -28.7% |
| Other operating charges | 640/8 | €2,750 | €3,639 | +€889 | +32.3% |
| Non-recurring operating charges | 66A | €1,000 | €0 | -€1,000 | -100% |
| Gross operating margin | 9900 | €208,390 | €232,078 | +€23,688 | +11.4% |
| Operating profit (loss) | 9901 | €96,383 | €151,265 | +€54,882 | +56.9% |
| Financial income | 75/76B | €333 | €653 | +€320 | +96.3% |
| Recurring financial income | 75 | €333 | €653 | +€320 | +96.3% |
| Financial charges | 65/66B | €15,349 | €29,083 | +€13,734 | +89.5% |
| Recurring financial charges | 65 | €15,349 | €29,083 | +€13,734 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | €81,367 | €122,836 | +€41,469 | +51.0% |
| Income taxes | 67/77 | €14,988 | €19,231 | +€4,243 | +28.3% |
| Profit (loss) for the period | 9904 | €66,379 | €103,605 | +€37,226 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,379 | €103,605 | +€37,226 | +56.1% |
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 29 October 2026 via checked.be.