LO ACCOUNT: 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.
What changed
LO ACCOUNT
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€42,974
2024 · €41,877+€1,097
Equity
€247,807
2024 · €204,832+€42,974
Cash
€96,793
2024 · €93,480+€3,313
Balance sheet total
€356,903
2024 · €376,492-€19,589
Largest movements
Assets
- Tangible fixed assets -€19,116
down €19,116 (-15.1%), from €126,428 to €107,312
of which Land and buildings: -€10,580
Equity and liabilities
- Other debts -€44,540
down €44,540 (-91.8%), from €48,498 to €3,958
- Reserves +€42,974
up €42,974 (+22.3%), from €192,432 to €235,407
- Debts after one year -€13,562
down €13,562 (-29.2%), from €46,371 to €32,809
- Tax, wage and social debts -€4,797
down €4,797 (-14.2%), from €33,866 to €29,068
Income statement
- Gross operating margin +€1,491
up €1,491 (+1.9%), from €80,090 to €81,582
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.
Result 2024
€41,877
Gross operating margin
+€1,491
Depreciation
-€65
Other operating charges
-€25
Financial income
-€85
Financial charges
+€110
Taxes
-€329
Result 2025
€42,974
raises the resultlowers the result
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.
From operations
+€17,520
Investment
-€1,234
Financing
-€12,973
Cash 2024
€93,480
From operations (derived)
+€17,520
Net result for the year
+€42,974
Depreciation
+€20,351
Receivables within one year
+€1,373
Deferred charges and accrued income
+€2,413
Trade debts
+€135
Tax, wage and social debts
-€4,797
Other debts
-€44,540
Accrued charges and deferred income
-€388
Investment (derived)
-€1,234
Investment in fixed assets (net)
-€1,234
Financing
-€12,973
Debts after one year
-€13,562
Current portion of long-term debt
+€589
Cash 2025
€96,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,492 | €356,903 | -€19,589 | -5.2% |
| Fixed assets | 21/28 | €128,006 | €108,890 | -€19,116 | -14.9% |
| Tangible fixed assets | 22/27 | €126,428 | €107,312 | -€19,116 | -15.1% |
| Land and buildings | 22 | €93,678 | €83,098 | -€10,580 | -11.3% |
| Plant, machinery and equipment | 23 | - | €1,169 | +€1,169 | |
| Furniture and vehicles | 24 | €32,750 | €23,045 | -€9,705 | -29.6% |
| Financial fixed assets | 28 | €1,578 | €1,578 | = | 0.0% |
| Current assets | 29/58 | €248,487 | €248,014 | -€473 | -0.2% |
| Amounts receivable after more than one year | 29 | €32,650 | €32,650 | = | 0.0% |
| Other amounts receivable | 291 | €32,650 | €32,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,366 | €17,992 | -€1,373 | -7.1% |
| Trade receivables | 40 | €19,366 | €17,992 | -€1,373 | -7.1% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €93,480 | €96,793 | +€3,313 | +3.5% |
| Deferred charges and accrued income | 490/1 | €2,991 | €579 | -€2,413 | -80.7% |
| Total equity and liabilities | 10/49 | €376,492 | €356,903 | -€19,589 | -5.2% |
| Equity | 10/15 | €204,832 | €247,807 | +€42,974 | +21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €192,432 | €235,407 | +€42,974 | +22.3% |
| Distributable reserves | 133 | €192,432 | €235,407 | +€42,974 | +22.3% |
| Provisions and deferred taxes | 16 | €27,000 | €27,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €27,000 | €27,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €27,000 | €27,000 | = | 0.0% |
| Amounts payable | 17/49 | €144,660 | €82,097 | -€62,563 | -43.2% |
| Amounts payable after more than one year | 17 | €46,371 | €32,809 | -€13,562 | -29.2% |
| Financial debts | 170/4 | €46,371 | €32,809 | -€13,562 | -29.2% |
| Amounts payable within one year | 42/48 | €97,328 | €48,716 | -€48,613 | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €12,973 | €13,562 | +€589 | +4.5% |
| Trade debts | 44 | €1,992 | €2,128 | +€135 | +6.8% |
| Suppliers | 440/4 | €1,992 | €2,128 | +€135 | +6.8% |
| Taxes, remuneration and social security | 45 | €33,866 | €29,068 | -€4,797 | -14.2% |
| Taxes | 450/3 | €33,866 | €29,068 | -€4,797 | -14.2% |
| Other amounts payable | 47/48 | €48,498 | €3,958 | -€44,540 | -91.8% |
| Accrued charges and deferred income | 492/3 | €961 | €572 | -€388 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,285 | €20,351 | +€65 | +0.3% |
| Other operating charges | 640/8 | €1,608 | €1,633 | +€25 | +1.6% |
| Gross operating margin | 9900 | €80,090 | €81,582 | +€1,491 | +1.9% |
| Operating profit (loss) | 9901 | €58,197 | €59,598 | +€1,401 | +2.4% |
| Financial income | 75/76B | €3,339 | €3,254 | -€85 | -2.6% |
| Recurring financial income | 75 | €3,339 | €3,254 | -€85 | -2.6% |
| Financial charges | 65/66B | €3,250 | €3,140 | -€110 | -3.4% |
| Recurring financial charges | 65 | €3,250 | €3,140 | -€110 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €58,286 | €59,712 | +€1,426 | +2.4% |
| Income taxes | 67/77 | €16,409 | €16,738 | +€329 | +2.0% |
| Profit (loss) for the period | 9904 | €41,877 | €42,974 | +€1,097 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,877 | €42,974 | +€1,097 | +2.6% |
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 21 October 2026 via checked.be.