M. Lodrioor: what changed
What changed
M. Lodrioor
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€33,247
2024 · €15,648+€17,599
Equity
€358,304
2024 · €366,066-€7,763
Cash
€28,532
2024 · €13,429+€15,102
Balance sheet total
€1.1m
2024 · €1.1m-€6,577
Largest movements
Assets
- Tangible fixed assets -€42,700
down €42,700 (-3.9%), from €1.1m to €1.1m
- Deferred charges and accrued income +€20,162
new in 2025: €20,162
- Cash +€15,102
up €15,102 (+112%), from €13,429 to €28,532
mainly Depreciation (+€42,700) and Net result for the year (+€33,247)
Equity and liabilities
- Debts after one year -€39,740
down €39,740 (-16.0%), from €248,268 to €208,527
- Other debts +€30,000
up €30,000 (+7.8%), from €385,000 to €415,000
- Accrued charges and deferred income +€17,750
new in 2025: €17,750
- Reserves -€16,514
down €16,514 (-5.4%), from €306,817 to €290,303
of which Tax-exempt reserves: -€16,514
Income statement
- Gross operating margin +€6,889
up €6,889 (+7.3%), from €94,540 to €101,430
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.
Result 2024
€15,648
Gross operating margin
+€6,889
Other operating charges
-€646
Financial charges
+€346
Deferred taxes and other
+€11,009
Result 2025
€33,247
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€95,441
Investment
€0
Financing
-€80,339
Cash 2024
€13,429
From operations (derived)
+€95,441
Net result for the year
+€33,247
Depreciation
+€42,700
Receivables within one year
-€858
Deferred charges and accrued income
-€20,162
Provisions
-€5,505
Trade debts
-€1,621
Tax, wage and social debts
-€109
Other debts
+€30,000
Accrued charges and deferred income
+€17,750
Financing
-€80,339
Debts after one year
-€39,740
Current portion of long-term debt
+€411
Contributions, distributions and other
-€41,009
Cash 2025
€28,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,136,865 | €1,130,288 | -€6,577 | -0.6% |
| Fixed assets | 21/28 | €1,113,494 | €1,070,794 | -€42,700 | -3.8% |
| Tangible fixed assets | 22/27 | €1,107,765 | €1,065,065 | -€42,700 | -3.9% |
| Land and buildings | 22 | €1,107,765 | €1,065,065 | -€42,700 | -3.9% |
| Financial fixed assets | 28 | €5,729 | €5,729 | = | 0.0% |
| Current assets | 29/58 | €23,371 | €59,494 | +€36,123 | +155% |
| Amounts receivable within one year | 40/41 | €9,941 | €10,800 | +€858 | +8.6% |
| Trade receivables | 40 | €9,721 | €10,688 | +€967 | +9.9% |
| Other amounts receivable | 41 | €220 | €112 | -€109 | -49.4% |
| Cash at bank and in hand | 54/58 | €13,429 | €28,532 | +€15,102 | +112% |
| Deferred charges and accrued income | 490/1 | - | €20,162 | +€20,162 | |
| Total equity and liabilities | 10/49 | €1,136,865 | €1,130,288 | -€6,577 | -0.6% |
| Equity | 10/15 | €366,066 | €358,304 | -€7,763 | -2.1% |
| Contributions | 10/11 | €321,536 | €321,536 | = | 0.0% |
| Reserves | 13 | €306,817 | €290,303 | -€16,514 | -5.4% |
| Tax-exempt reserves | 132 | €298,218 | €281,703 | -€16,514 | -5.5% |
| Distributable reserves | 133 | €8,600 | €8,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€262,287 | -€253,536 | +€8,752 | +3.3% |
| Provisions and deferred taxes | 16 | €93,324 | €87,820 | -€5,505 | -5.9% |
| Deferred taxes | 168 | €93,324 | €87,820 | -€5,505 | -5.9% |
| Amounts payable | 17/49 | €677,475 | €684,165 | +€6,690 | +1.0% |
| Amounts payable after more than one year | 17 | €248,268 | €208,527 | -€39,740 | -16.0% |
| Financial debts | 170/4 | €248,268 | €208,527 | -€39,740 | -16.0% |
| Amounts payable within one year | 42/48 | €429,207 | €457,888 | +€28,681 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €39,329 | €39,740 | +€411 | +1.0% |
| Trade debts | 44 | €4,769 | €3,147 | -€1,621 | -34.0% |
| Suppliers | 440/4 | €4,769 | €3,147 | -€1,621 | -34.0% |
| Taxes, remuneration and social security | 45 | €109 | €0 | -€109 | -100% |
| Taxes | 450/3 | €109 | €0 | -€109 | -100% |
| Other amounts payable | 47/48 | €385,000 | €415,000 | +€30,000 | +7.8% |
| Accrued charges and deferred income | 492/3 | - | €17,750 | +€17,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,700 | €42,700 | = | 0.0% |
| Other operating charges | 640/8 | €20,642 | €21,289 | +€646 | +3.1% |
| Gross operating margin | 9900 | €94,540 | €101,430 | +€6,889 | +7.3% |
| Operating profit (loss) | 9901 | €31,198 | €37,441 | +€6,243 | +20.0% |
| Financial charges | 65/66B | €21,055 | €20,708 | -€346 | -1.6% |
| Recurring financial charges | 65 | €21,055 | €20,708 | -€346 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €10,143 | €16,733 | +€6,589 | +65.0% |
| Transfer from deferred taxes | 780 | €5,505 | €16,514 | +€11,009 | +200% |
| Profit (loss) for the period | 9904 | €15,648 | €33,247 | +€17,599 | +112% |
| Transfer from tax-exempt reserves | 789 | €16,514 | €5,505 | -€11,009 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,162 | €38,752 | +€6,589 | +20.5% |
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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 3 November 2026 via checked.be.