LoDoSaRo: 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.
LoDoSaRo
Largest movements
- Cash -€44,350
down €44,350 (-74.9%), from €59,241 to €14,890
mainly Contributions, distributions and other (-€120,000) and Investment in fixed assets (net) (-€26,878)
- Tangible fixed assets +€23,221
new in 2025: €23,221
- Reserves -€139,787
down €139,787 (-79.9%), from €174,938 to €35,151
- Other debts +€101,953
up €101,953 (+464.6%), from €21,942 to €123,895
- Tax, wage and social debts +€18,000
up €18,000 (+104.2%), from €17,274 to €35,274
- Gross operating margin -€102,500
down €102,500, from €86,930 to -€15,571
- Taxes -€17,319
no longer reported in 2025 (was €17,319)
- Depreciation +€3,657
new in 2025: €3,657
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 | €221,520 | €201,955 | -€19,565 | -8.8% |
| Fixed assets | 21/28 | - | €23,221 | +€23,221 | |
| Tangible fixed assets | 22/27 | - | €23,221 | +€23,221 | |
| Plant, machinery and equipment | 23 | - | €23,221 | +€23,221 | |
| Current assets | 29/58 | €221,520 | €178,734 | -€42,786 | -19.3% |
| Amounts receivable within one year | 40/41 | €162,279 | €163,843 | +€1,564 | +1.0% |
| Trade receivables | 40 | €159,825 | €159,825 | = | 0.0% |
| Other amounts receivable | 41 | €2,454 | €4,018 | +€1,564 | +63.7% |
| Cash at bank and in hand | 54/58 | €59,241 | €14,890 | -€44,350 | -74.9% |
| Total equity and liabilities | 10/49 | €221,520 | €201,955 | -€19,565 | -8.8% |
| Equity | 10/15 | €179,938 | €40,151 | -€139,787 | -77.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €174,938 | €35,151 | -€139,787 | -79.9% |
| Distributable reserves | 133 | €174,938 | €35,151 | -€139,787 | -79.9% |
| Amounts payable | 17/49 | €41,582 | €161,804 | +€120,221 | +289.1% |
| Amounts payable within one year | 42/48 | €41,582 | €161,804 | +€120,221 | +289.1% |
| Trade debts | 44 | €2,366 | €2,635 | +€268 | +11.3% |
| Suppliers | 440/4 | €2,366 | €2,635 | +€268 | +11.3% |
| Taxes, remuneration and social security | 45 | €17,274 | €35,274 | +€18,000 | +104.2% |
| Taxes | 450/3 | €17,274 | €35,274 | +€18,000 | +104.2% |
| Other amounts payable | 47/48 | €21,942 | €123,895 | +€101,953 | +464.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,657 | +€3,657 | |
| Other operating charges | 640/8 | €505 | €524 | +€18 | +3.6% |
| Gross operating margin | 9900 | €86,930 | -€15,571 | -€102,500 | |
| Operating profit (loss) | 9901 | €86,424 | -€19,751 | -€106,176 | |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €56 | €54 | -€2 | -2.8% |
| Recurring financial charges | 65 | €56 | €54 | -€2 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €86,369 | -€19,787 | -€106,155 | |
| Income taxes | 67/77 | €17,319 | - | -€17,319 | |
| Profit (loss) for the period | 9904 | €69,050 | -€19,787 | -€88,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,050 | -€19,787 | -€88,836 |
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 12 October 2026 via checked.be.