LOEDCO: 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.
LOEDCO
Largest movements
- Receivables within one year +€18,008
new in 2025: €18,008
of which Trade receivables: +€11,079
- Tangible fixed assets -€16,823
down €16,823 (-22.5%), from €74,678 to €57,855
- Debts after one year -€34,737
down €34,737 (-15.1%), from €229,446 to €194,709
- Reserves +€31,919
up €31,919 (+28.2%), from €113,265 to €145,184
- Financial income -€19,526
down €19,526 (-61.2%), from €31,931 to €12,405
- Depreciation +€7,612
up €7,612 (+82.6%), from €9,211 to €16,823
- Taxes -€6,799
down €6,799 (-36.5%), from €18,642 to €11,843
- Other operating charges +€556
up €556 (+151%), from €368 to €924
- Gross operating margin -€535
down €535 (-1.0%), from €53,369 to €52,833
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.
Derived cash bridge
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 | €385,480 | €383,590 | -€1,890 | -0.5% |
| Fixed assets | 21/28 | €324,678 | €307,855 | -€16,823 | -5.2% |
| Tangible fixed assets | 22/27 | €74,678 | €57,855 | -€16,823 | -22.5% |
| Furniture and vehicles | 24 | €74,678 | €57,855 | -€16,823 | -22.5% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €60,802 | €75,735 | +€14,933 | +24.6% |
| Amounts receivable within one year | 40/41 | - | €18,008 | +€18,008 | |
| Trade receivables | 40 | - | €11,079 | +€11,079 | |
| Other amounts receivable | 41 | - | €6,929 | +€6,929 | |
| Cash at bank and in hand | 54/58 | €60,041 | €56,923 | -€3,117 | -5.2% |
| Deferred charges and accrued income | 490/1 | €761 | €804 | +€43 | +5.6% |
| Total equity and liabilities | 10/49 | €385,480 | €383,590 | -€1,890 | -0.5% |
| Equity | 10/15 | €128,265 | €160,184 | +€31,919 | +24.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €113,265 | €145,184 | +€31,919 | +28.2% |
| Distributable reserves | 133 | €113,265 | €145,184 | +€31,919 | +28.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €257,215 | €223,406 | -€33,809 | -13.1% |
| Amounts payable after more than one year | 17 | €229,446 | €194,709 | -€34,737 | -15.1% |
| Financial debts | 170/4 | €229,446 | €194,709 | -€34,737 | -15.1% |
| Amounts payable within one year | 42/48 | €23,858 | €24,151 | +€292 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €12,677 | €13,237 | +€560 | +4.4% |
| Trade debts | 44 | €438 | €1,390 | +€952 | +217% |
| Suppliers | 440/4 | €438 | €1,390 | +€952 | +217% |
| Taxes, remuneration and social security | 45 | €10,433 | €9,192 | -€1,241 | -11.9% |
| Taxes | 450/3 | €8,264 | €7,068 | -€1,196 | -14.5% |
| Remuneration and social security | 454/9 | €2,169 | €2,123 | -€46 | -2.1% |
| Other amounts payable | 47/48 | €310 | €331 | +€21 | +6.8% |
| Accrued charges and deferred income | 492/3 | €3,911 | €4,547 | +€636 | +16.2% |
| Non-recurring operating income | 76A | €1,048 | €0 | -€1,048 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,211 | €16,823 | +€7,612 | +82.6% |
| Other operating charges | 640/8 | €368 | €924 | +€556 | +151% |
| Gross operating margin | 9900 | €53,369 | €52,833 | -€535 | -1.0% |
| Operating profit (loss) | 9901 | €43,790 | €35,087 | -€8,703 | -19.9% |
| Financial income | 75/76B | €31,931 | €12,405 | -€19,526 | -61.2% |
| Recurring financial income | 75 | €31,931 | €12,405 | -€19,526 | -61.2% |
| Financial charges | 65/66B | €3,363 | €3,729 | +€365 | +10.9% |
| Recurring financial charges | 65 | €3,363 | €3,729 | +€365 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €72,358 | €43,763 | -€28,595 | -39.5% |
| Income taxes | 67/77 | €18,642 | €11,843 | -€6,799 | -36.5% |
| Profit (loss) for the period | 9904 | €53,715 | €31,919 | -€21,796 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,715 | €31,919 | -€21,796 | -40.6% |
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 25 October 2026 via checked.be.