GEORGES LOOTENS: 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.
GEORGES LOOTENS
Largest movements
- Receivables within one year +€7,447
up €7,447 (+176%), from €4,223 to €11,669
of which Other amounts receivable: +€7,447
- Cash -€2,264
down €2,264 (-4.1%), from €54,791 to €52,527
mainly Receivables within one year (-€7,447) and Deferred charges and accrued income (-€347)
- Reserves +€2,757
up €2,757 (+5.6%), from €49,274 to €52,031
of which Distributable reserves: +€2,757
- Tax, wage and social debts +€2,400
up €2,400 (+104%), from €2,310 to €4,710
- Gross operating margin -€6,105
down €6,105 (-48.3%), from €12,641 to €6,536
- Taxes -€958
down €958 (-24.6%), from €3,902 to €2,944
- Financial income +€346
up €346 (+48,766%), from €1 to €347
- Other operating charges -€163
down €163 (-18.5%), from €880 to €717
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 | €59,754 | €64,998 | +€5,244 | +8.8% |
| Fixed assets | 21/28 | €313 | €0 | -€313 | -100% |
| Tangible fixed assets | 22/27 | €313 | €0 | -€313 | -100% |
| Other tangible fixed assets | 26 | €313 | €0 | -€313 | -100% |
| Current assets | 29/58 | €59,442 | €64,998 | +€5,557 | +9.3% |
| Stocks and contracts in progress | 3 | €428 | €455 | +€27 | +6.3% |
| Stocks | 30/36 | €428 | €455 | +€27 | +6.3% |
| Amounts receivable within one year | 40/41 | €4,223 | €11,669 | +€7,447 | +176% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,223 | €11,669 | +€7,447 | +176% |
| Cash at bank and in hand | 54/58 | €54,791 | €52,527 | -€2,264 | -4.1% |
| Deferred charges and accrued income | 490/1 | - | €347 | +€347 | |
| Total equity and liabilities | 10/49 | €59,754 | €64,998 | +€5,244 | +8.8% |
| Equity | 10/15 | €55,474 | €58,231 | +€2,757 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,274 | €52,031 | +€2,757 | +5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,414 | €50,171 | +€2,757 | +5.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,281 | €6,767 | +€2,487 | +58.1% |
| Amounts payable within one year | 42/48 | €4,281 | €6,767 | +€2,487 | +58.1% |
| Trade debts | 44 | €1,970 | €2,057 | +€87 | +4.4% |
| Suppliers | 440/4 | €1,970 | €2,057 | +€87 | +4.4% |
| Taxes, remuneration and social security | 45 | €2,310 | €4,710 | +€2,400 | +104% |
| Taxes | 450/3 | €2,310 | €4,710 | +€2,400 | +104% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | €313 | -€101 | -24.3% |
| Other operating charges | 640/8 | €880 | €717 | -€163 | -18.5% |
| Gross operating margin | 9900 | €12,641 | €6,536 | -€6,105 | -48.3% |
| Operating profit (loss) | 9901 | €11,348 | €5,506 | -€5,842 | -51.5% |
| Financial income | 75/76B | €1 | €347 | +€346 | +48,766% |
| Recurring financial income | 75 | €1 | €347 | +€346 | +48,766% |
| Financial charges | 65/66B | €145 | €152 | +€7 | +5.0% |
| Recurring financial charges | 65 | €145 | €152 | +€7 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €11,204 | €5,701 | -€5,503 | -49.1% |
| Income taxes | 67/77 | €3,902 | €2,944 | -€958 | -24.6% |
| Profit (loss) for the period | 9904 | €7,302 | €2,757 | -€4,545 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,302 | €2,757 | -€4,545 | -62.2% |
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.