LODOS: what changed
LODOS
Largest movements
- Tangible fixed assets -€18,879
down €18,879 (-15.7%), from €120,377 to €101,498
of which Furniture and vehicles: -€16,239
- Receivables within one year +€16,614
up €16,614 (+76.6%), from €21,695 to €38,309
of which Trade receivables: +€13,443
- Cash -€4,848
down €4,848 (-13.5%), from €35,984 to €31,136
mainly Investment in fixed assets (net) (-€16,939) and Receivables within one year (-€16,614)
- Profit (loss) carried forward +€13,904
up €13,904 (+59.0%), from €23,551 to €37,455
- Other debts -€7,706
down €7,706 (-16.0%), from €48,203 to €40,497
- Trade debts -€7,404
down €7,404 (-45.4%), from €16,317 to €8,913
- Debts after one year -€6,728
down €6,728 (-29.0%), from €23,168 to €16,439
- Depreciation +€10,921
up €10,921 (+43.9%), from €24,897 to €35,818
- Gross operating margin -€7,342
down €7,342 (-10.8%), from €67,862 to €60,519
- Staff costs -€3,924
down €3,924 (-50.8%), from €7,724 to €3,800
- Taxes -€3,118
down €3,118 (-39.2%), from €7,957 to €4,839
- Other operating charges -€1,010
down €1,010 (-34.0%), from €2,975 to €1,965
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,063 | €181,427 | -€7,637 | -4.0% |
| Fixed assets | 21/28 | €120,377 | €101,498 | -€18,879 | -15.7% |
| Tangible fixed assets | 22/27 | €120,377 | €101,498 | -€18,879 | -15.7% |
| Plant, machinery and equipment | 23 | €55,252 | €52,837 | -€2,416 | -4.4% |
| Furniture and vehicles | 24 | €64,900 | €48,661 | -€16,239 | -25.0% |
| Other tangible fixed assets | 26 | €225 | - | -€225 | |
| Current assets | 29/58 | €68,687 | €79,929 | +€11,242 | +16.4% |
| Stocks and contracts in progress | 3 | €7,450 | €7,450 | = | 0.0% |
| Stocks | 30/36 | €7,450 | €7,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,695 | €38,309 | +€16,614 | +76.6% |
| Trade receivables | 40 | €20,241 | €33,683 | +€13,443 | +66.4% |
| Other amounts receivable | 41 | €1,455 | €4,626 | +€3,171 | +218% |
| Cash at bank and in hand | 54/58 | €35,984 | €31,136 | -€4,848 | -13.5% |
| Deferred charges and accrued income | 490/1 | €3,557 | €3,034 | -€523 | -14.7% |
| Total equity and liabilities | 10/49 | €189,063 | €181,427 | -€7,637 | -4.0% |
| Equity | 10/15 | €86,563 | €100,467 | +€13,904 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,412 | €44,412 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,687 | €16,687 | = | 0.0% |
| Distributable reserves | 133 | €27,725 | €27,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,551 | €37,455 | +€13,904 | +59.0% |
| Amounts payable | 17/49 | €102,500 | €80,960 | -€21,540 | -21.0% |
| Amounts payable after more than one year | 17 | €23,168 | €16,439 | -€6,728 | -29.0% |
| Financial debts | 170/4 | €23,168 | €16,439 | -€6,728 | -29.0% |
| Amounts payable within one year | 42/48 | €79,308 | €64,520 | -€14,787 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €6,728 | €6,728 | +€0 | 0.0% |
| Trade debts | 44 | €16,317 | €8,913 | -€7,404 | -45.4% |
| Suppliers | 440/4 | €16,317 | €8,913 | -€7,404 | -45.4% |
| Taxes, remuneration and social security | 45 | €8,060 | €8,382 | +€322 | +4.0% |
| Taxes | 450/3 | €8,060 | €8,382 | +€322 | +4.0% |
| Other amounts payable | 47/48 | €48,203 | €40,497 | -€7,706 | -16.0% |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Remuneration, social security and pensions | 62 | €7,724 | €3,800 | -€3,924 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,897 | €35,818 | +€10,921 | +43.9% |
| Other operating charges | 640/8 | €2,975 | €1,965 | -€1,010 | -34.0% |
| Gross operating margin | 9900 | €67,862 | €60,519 | -€7,342 | -10.8% |
| Operating profit (loss) | 9901 | €32,266 | €18,936 | -€13,330 | -41.3% |
| Financial income | 75/76B | €1,259 | €1,454 | +€195 | +15.5% |
| Recurring financial income | 75 | €1,259 | €1,454 | +€195 | +15.5% |
| Financial charges | 65/66B | €2,017 | €1,647 | -€369 | -18.3% |
| Recurring financial charges | 65 | €2,017 | €1,647 | -€369 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €31,508 | €18,743 | -€12,765 | -40.5% |
| Income taxes | 67/77 | €7,957 | €4,839 | -€3,118 | -39.2% |
| Profit (loss) for the period | 9904 | €23,551 | €13,904 | -€9,648 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,551 | €13,904 | -€9,648 | -41.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.