LODOS: 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.
LODOS
Largest movements
- Intangible fixed assets -€11,000
down €11,000 (-12.8%), from €85,830 to €74,830
- Receivables within one year +€10,076
up €10,076 (+107.2%), from €9,396 to €19,472
of which Trade receivables: +€10,233
- Stocks and contracts +€6,009
up €6,009 (+285.5%), from €2,105 to €8,115
- Cash +€5,329
up €5,329 (+39.7%), from €13,423 to €18,752
mainly Net result for the year (+€17,735) and Depreciation (+€13,161)
- Deferred charges and accrued income -€2,749
down €2,749 (-88.7%), from €3,101 to €352
- Profit (loss) carried forward +€17,735
up €17,735 (+31.4%), from -€56,446 to -€38,710
- Current portion of long-term debt -€13,035
no longer reported in 2025 (was €13,035)
- Trade debts +€3,862
up €3,862 (+11.9%), from €32,523 to €36,385
- Tax, wage and social debts +€3,480
up €3,480 (+7.8%), from €44,540 to €48,020
of which Taxes: +€8,120
- Other debts -€3,469
down €3,469 (-4.6%), from €75,319 to €71,850
- Gross operating margin +€8,088
up €8,088 (+5.9%), from €136,838 to €144,926
- Other operating charges -€5,759
down €5,759 (-78.4%), from €7,347 to €1,587
- Staff costs -€2,873
down €2,873 (-2.5%), from €112,720 to €109,847
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.
Cash bridge derived
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 | €118,972 | €127,545 | +€8,573 | +7.2% |
| Fixed assets | 21/28 | €90,947 | €80,854 | -€10,093 | -11.1% |
| Intangible fixed assets | 21 | €85,830 | €74,830 | -€11,000 | -12.8% |
| Tangible fixed assets | 22/27 | €5,117 | €6,024 | +€907 | +17.7% |
| Plant, machinery and equipment | 23 | €3,089 | €4,662 | +€1,573 | +50.9% |
| Furniture and vehicles | 24 | €1,480 | €1,014 | -€466 | -31.5% |
| Other tangible fixed assets | 26 | €548 | €348 | -€200 | -36.5% |
| Current assets | 29/58 | €28,025 | €46,690 | +€18,665 | +66.6% |
| Stocks and contracts in progress | 3 | €2,105 | €8,115 | +€6,009 | +285.5% |
| Stocks | 30/36 | €2,105 | €8,115 | +€6,009 | +285.5% |
| Amounts receivable within one year | 40/41 | €9,396 | €19,472 | +€10,076 | +107.2% |
| Trade receivables | 40 | €8,961 | €19,195 | +€10,233 | +114.2% |
| Other amounts receivable | 41 | €435 | €277 | -€158 | -36.2% |
| Cash at bank and in hand | 54/58 | €13,423 | €18,752 | +€5,329 | +39.7% |
| Deferred charges and accrued income | 490/1 | €3,101 | €352 | -€2,749 | -88.7% |
| Total equity and liabilities | 10/49 | €118,972 | €127,545 | +€8,573 | +7.2% |
| Equity | 10/15 | -€46,446 | -€28,710 | +€17,735 | +38.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,446 | -€38,710 | +€17,735 | +31.4% |
| Amounts payable | 17/49 | €165,418 | €156,255 | -€9,162 | -5.5% |
| Amounts payable within one year | 42/48 | €165,418 | €156,255 | -€9,162 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €13,035 | - | -€13,035 | |
| Trade debts | 44 | €32,523 | €36,385 | +€3,862 | +11.9% |
| Suppliers | 440/4 | €32,523 | €36,385 | +€3,862 | +11.9% |
| Taxes, remuneration and social security | 45 | €44,540 | €48,020 | +€3,480 | +7.8% |
| Taxes | 450/3 | €16,411 | €24,531 | +€8,120 | +49.5% |
| Remuneration and social security | 454/9 | €28,129 | €23,489 | -€4,640 | -16.5% |
| Other amounts payable | 47/48 | €75,319 | €71,850 | -€3,469 | -4.6% |
| Remuneration, social security and pensions | 62 | €112,720 | €109,847 | -€2,873 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,596 | €13,161 | +€565 | +4.5% |
| Other operating charges | 640/8 | €7,347 | €1,587 | -€5,759 | -78.4% |
| Gross operating margin | 9900 | €136,838 | €144,926 | +€8,088 | +5.9% |
| Operating profit (loss) | 9901 | €4,175 | €20,331 | +€16,155 | +386.9% |
| Financial income | 75/76B | €4 | €11 | +€7 | +192.9% |
| Recurring financial income | 75 | €4 | €11 | +€7 | +192.9% |
| Financial charges | 65/66B | €2,922 | €2,606 | -€316 | -10.8% |
| Recurring financial charges | 65 | €2,922 | €2,606 | -€316 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €1,257 | €17,735 | +€16,478 | +1310.4% |
| Profit (loss) for the period | 9904 | €1,257 | €17,735 | +€16,478 | +1310.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,257 | €17,735 | +€16,478 | +1310.4% |
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 11 October 2026 via checked.be.