Lo-Build: 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.
Lo-Build
Largest movements
- Stocks and contracts +€484,771
up €484,771 (+99.0%), from €489,524 to €974,295
- Deferred charges and accrued income +€12,580
up €12,580 (+197.2%), from €6,380 to €18,960
- Other debts +€520,000
up €520,000 (+170.1%), from €305,625 to €825,625
- Profit (loss) carried forward -€39,319
down €39,319 (-292.5%), from -€13,443 to -€52,762
- Accrued charges and deferred income +€24,425
new in 2025: €24,425
- Financial charges +€18,801
up €18,801 (+331.7%), from €5,669 to €24,470
- Gross operating margin -€8,777
down €8,777 (-158.3%), from -€5,545 to -€14,322
- Depreciation -€1,843
down €1,843 (-100.0%), from €1,843 to €0
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 | €504,233 | €1,004,442 | +€500,209 | +99.2% |
| Current assets | 29/58 | €504,233 | €1,004,442 | +€500,209 | +99.2% |
| Stocks and contracts in progress | 3 | €489,524 | €974,295 | +€484,771 | +99.0% |
| Stocks | 30/36 | €489,524 | €974,295 | +€484,771 | +99.0% |
| Amounts receivable within one year | 40/41 | €847 | €100 | -€747 | -88.2% |
| Other amounts receivable | 41 | €847 | €100 | -€747 | -88.2% |
| Cash at bank and in hand | 54/58 | €7,482 | €11,087 | +€3,606 | +48.2% |
| Deferred charges and accrued income | 490/1 | €6,380 | €18,960 | +€12,580 | +197.2% |
| Total equity and liabilities | 10/49 | €504,233 | €1,004,442 | +€500,209 | +99.2% |
| Equity | 10/15 | €186,557 | €147,238 | -€39,319 | -21.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,443 | -€52,762 | -€39,319 | -292.5% |
| Amounts payable | 17/49 | €317,676 | €857,204 | +€539,528 | +169.8% |
| Amounts payable within one year | 42/48 | €317,676 | €832,779 | +€515,103 | +162.1% |
| Trade debts | 44 | €12,051 | €7,154 | -€4,897 | -40.6% |
| Suppliers | 440/4 | €12,051 | €7,154 | -€4,897 | -40.6% |
| Other amounts payable | 47/48 | €305,625 | €825,625 | +€520,000 | +170.1% |
| Accrued charges and deferred income | 492/3 | - | €24,425 | +€24,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,843 | €0 | -€1,843 | -100.0% |
| Other operating charges | 640/8 | €387 | €527 | +€140 | +36.0% |
| Gross operating margin | 9900 | -€5,545 | -€14,322 | -€8,777 | -158.3% |
| Operating profit (loss) | 9901 | -€7,775 | -€14,849 | -€7,074 | -91.0% |
| Financial charges | 65/66B | €5,669 | €24,470 | +€18,801 | +331.7% |
| Recurring financial charges | 65 | €5,669 | €24,470 | +€18,801 | +331.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,443 | -€39,319 | -€25,875 | -192.5% |
| Profit (loss) for the period | 9904 | -€13,443 | -€39,319 | -€25,875 | -192.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,443 | -€39,319 | -€25,875 | -192.5% |
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 3 October 2026 via checked.be.