LODRIGUEZ: what changed
Two fiscal 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.
LODRIGUEZ
Largest movements
- Cash +€27,056
up €27,056 (+18.6%), from €145,251 to €172,307
mainly Net result for the year (+€29,898) and Depreciation (+€7,676)
- Tangible fixed assets +€23,414
up €23,414 (+163.6%), from €14,316 to €37,730
of which Furniture and vehicles: +€27,853
- Receivables within one year -€7,624
down €7,624 (-24.3%), from €31,371 to €23,747
of which Trade receivables: -€8,173
- Reserves +€29,898
up €29,898 (+117.9%), from €25,360 to €55,258
of which Distributable reserves: +€29,898
- Trade debts +€6,771
up €6,771 (+65.1%), from €10,406 to €17,177
- Tax, wage and social debts +€3,475
up €3,475 (+31.4%), from €11,064 to €14,539
of which Taxes: +€5,105
- Gross operating margin +€22,766
up €22,766 (+31.3%), from €72,764 to €95,530
- Other operating charges -€9,600
down €9,600 (-85.5%), from €11,230 to €1,630
- Taxes +€7,273
up €7,273 (+185.4%), from €3,922 to €11,195
- Depreciation +€3,095
up €3,095 (+67.6%), from €4,581 to €7,676
- Staff costs +€1,930
up €1,930 (+4.4%), from €44,218 to €46,149
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 | €204,836 | €248,516 | +€43,680 | +21.3% |
| Fixed assets | 21/28 | €14,366 | €37,780 | +€23,414 | +163.0% |
| Tangible fixed assets | 22/27 | €14,316 | €37,730 | +€23,414 | +163.6% |
| Land and buildings | 22 | €1,791 | €1,346 | -€445 | -24.8% |
| Plant, machinery and equipment | 23 | €12,525 | €8,531 | -€3,994 | -31.9% |
| Furniture and vehicles | 24 | €0 | €27,853 | +€27,853 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €190,470 | €210,735 | +€20,266 | +10.6% |
| Stocks and contracts in progress | 3 | €10,126 | €10,906 | +€779 | +7.7% |
| Stocks | 30/36 | €10,126 | €10,906 | +€779 | +7.7% |
| Amounts receivable within one year | 40/41 | €31,371 | €23,747 | -€7,624 | -24.3% |
| Trade receivables | 40 | €31,121 | €22,948 | -€8,173 | -26.3% |
| Other amounts receivable | 41 | €249 | €799 | +€549 | +220.4% |
| Cash at bank and in hand | 54/58 | €145,251 | €172,307 | +€27,056 | +18.6% |
| Deferred charges and accrued income | 490/1 | €3,721 | €3,776 | +€55 | +1.5% |
| Total equity and liabilities | 10/49 | €204,836 | €248,516 | +€43,680 | +21.3% |
| Equity | 10/15 | €178,239 | €208,137 | +€29,898 | +16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,360 | €55,258 | +€29,898 | +117.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,500 | €53,398 | +€29,898 | +127.2% |
| Profit (loss) carried forward | 14 | €146,679 | €146,679 | = | 0.0% |
| Amounts payable | 17/49 | €26,597 | €40,379 | +€13,782 | +51.8% |
| Amounts payable within one year | 42/48 | €26,597 | €39,065 | +€12,469 | +46.9% |
| Trade debts | 44 | €10,406 | €17,177 | +€6,771 | +65.1% |
| Suppliers | 440/4 | €10,406 | €17,177 | +€6,771 | +65.1% |
| Taxes, remuneration and social security | 45 | €11,064 | €14,539 | +€3,475 | +31.4% |
| Taxes | 450/3 | €6,322 | €11,428 | +€5,105 | +80.8% |
| Remuneration and social security | 454/9 | €4,741 | €3,111 | -€1,630 | -34.4% |
| Other amounts payable | 47/48 | €5,127 | €7,350 | +€2,222 | +43.3% |
| Accrued charges and deferred income | 492/3 | - | €1,314 | +€1,314 | |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €44,218 | €46,149 | +€1,930 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,581 | €7,676 | +€3,095 | +67.6% |
| Other operating charges | 640/8 | €11,230 | €1,630 | -€9,600 | -85.5% |
| Gross operating margin | 9900 | €72,764 | €95,530 | +€22,766 | +31.3% |
| Operating profit (loss) | 9901 | €12,735 | €40,076 | +€27,341 | +214.7% |
| Financial income | 75/76B | €1,516 | €1,621 | +€105 | +6.9% |
| Recurring financial income | 75 | €1,516 | €1,621 | +€105 | +6.9% |
| Financial charges | 65/66B | €695 | €603 | -€92 | -13.2% |
| Recurring financial charges | 65 | €695 | €603 | -€92 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €13,555 | €41,093 | +€27,538 | +203.1% |
| Income taxes | 67/77 | €3,922 | €11,195 | +€7,273 | +185.4% |
| Profit (loss) for the period | 9904 | €9,633 | €29,898 | +€20,265 | +210.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,633 | €29,898 | +€20,265 | +210.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.