LODGON: 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.
LODGON
Largest movements
- Receivables within one year -€91,912
down €91,912 (-66.2%), from €138,748 to €46,836
of which Trade receivables: -€99,307
- Cash +€66,878
up €66,878 (+66.1%), from €101,157 to €168,035
mainly Receivables within one year (+€91,912) and Net result for the year (+€33,390)
- Tangible fixed assets -€2,795
down €2,795 (-55.5%), from €5,038 to €2,242
of which Plant, machinery and equipment: -€2,795
- Other debts -€13,941
down €13,941 (-27.8%), from €50,156 to €36,215
- Tax, wage and social debts -€11,053
down €11,053 (-21.9%), from €50,554 to €39,501
of which Taxes: -€11,958
- Trade debts -€4,421
down €4,421 (-21.0%), from €21,065 to €16,644
- Financial charges -€17,229
down €17,229 (-96.1%), from €17,934 to €704
- Financial income -€11,038
down €11,038 (-99.4%), from €11,107 to €69
- Gross operating margin +€8,563
up €8,563 (+3.6%), from €237,631 to €246,194
- Staff costs +€8,211
up €8,211 (+4.4%), from €186,271 to €194,482
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,216 | €218,681 | -€29,534 | -11.9% |
| Fixed assets | 21/28 | €6,601 | €3,810 | -€2,791 | -42.3% |
| Tangible fixed assets | 22/27 | €5,038 | €2,242 | -€2,795 | -55.5% |
| Plant, machinery and equipment | 23 | €5,038 | €2,242 | -€2,795 | -55.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,564 | €1,568 | +€4 | +0.3% |
| Current assets | 29/58 | €241,614 | €214,871 | -€26,743 | -11.1% |
| Amounts receivable within one year | 40/41 | €138,748 | €46,836 | -€91,912 | -66.2% |
| Trade receivables | 40 | €132,205 | €32,899 | -€99,307 | -75.1% |
| Other amounts receivable | 41 | €6,543 | €13,938 | +€7,395 | +113% |
| Cash at bank and in hand | 54/58 | €101,157 | €168,035 | +€66,878 | +66.1% |
| Deferred charges and accrued income | 490/1 | €1,709 | €0 | -€1,709 | -100% |
| Total equity and liabilities | 10/49 | €248,216 | €218,681 | -€29,534 | -11.9% |
| Equity | 10/15 | €126,311 | €126,311 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €22,500 | = | 0.0% |
| Distributable reserves | 133 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,811 | €78,811 | = | 0.0% |
| Amounts payable | 17/49 | €121,904 | €92,370 | -€29,534 | -24.2% |
| Amounts payable within one year | 42/48 | €121,904 | €92,370 | -€29,534 | -24.2% |
| Financial debts | 43 | €129 | €10 | -€119 | -92.3% |
| Credit institutions | 430/8 | €129 | €10 | -€119 | -92.3% |
| Trade debts | 44 | €21,065 | €16,644 | -€4,421 | -21.0% |
| Suppliers | 440/4 | €21,065 | €16,644 | -€4,421 | -21.0% |
| Taxes, remuneration and social security | 45 | €50,554 | €39,501 | -€11,053 | -21.9% |
| Taxes | 450/3 | €29,864 | €17,906 | -€11,958 | -40.0% |
| Remuneration and social security | 454/9 | €20,690 | €21,595 | +€905 | +4.4% |
| Other amounts payable | 47/48 | €50,156 | €36,215 | -€13,941 | -27.8% |
| Remuneration, social security and pensions | 62 | €186,271 | €194,482 | +€8,211 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,275 | €2,795 | -€480 | -14.7% |
| Other operating charges | 640/8 | €387 | €2,746 | +€2,358 | +609% |
| Gross operating margin | 9900 | €237,631 | €246,194 | +€8,563 | +3.6% |
| Operating profit (loss) | 9901 | €47,698 | €46,171 | -€1,526 | -3.2% |
| Financial income | 75/76B | €11,107 | €69 | -€11,038 | -99.4% |
| Recurring financial income | 75 | €11,107 | €69 | -€11,038 | -99.4% |
| Financial charges | 65/66B | €17,934 | €704 | -€17,229 | -96.1% |
| Recurring financial charges | 65 | €17,934 | €704 | -€17,229 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | €40,871 | €45,536 | +€4,665 | +11.4% |
| Income taxes | 67/77 | €10,988 | €12,146 | +€1,157 | +10.5% |
| Profit (loss) for the period | 9904 | €29,882 | €33,390 | +€3,508 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,882 | €33,390 | +€3,508 | +11.7% |
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 15 October 2026 via checked.be.