LO & Cie: 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.
LO & Cie
Largest movements
- Cash -€14,228
down €14,228 (-28.9%), from €49,251 to €35,022
mainly Trade debts (-€16,343) and Contributions, distributions and other (-€13,666)
- Receivables within one year -€11,857
down €11,857 (-27.3%), from €43,398 to €31,541
of which Trade receivables: -€15,907
- Tangible fixed assets -€4,441
down €4,441 (-3.0%), from €146,823 to €142,383
of which Land and buildings: -€3,638
- Stocks and contracts -€3,339
down €3,339 (-46.5%), from €7,178 to €3,839
- Trade debts -€16,343
down €16,343 (-36.4%), from €44,854 to €28,511
- Debts after one year -€12,228
down €12,228 (-13.4%), from €91,042 to €78,814
- Other debts +€11,311
up €11,311 (+163%), from €6,957 to €18,267
- Accrued charges and deferred income -€9,426
down €9,426 (-90.4%), from €10,426 to €1,000
- Reserves -€7,888
down €7,888 (-11.9%), from €66,556 to €58,668
- Financial charges +€29,360
up €29,360 (+595%), from €4,931 to €34,291
- Taxes -€4,485
down €4,485 (-61.8%), from €7,259 to €2,774
- Depreciation +€2,882
up €2,882 (+53.2%), from €5,423 to €8,305
- Gross operating margin -€1,714
down €1,714 (-3.2%), from €53,803 to €52,089
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 | €249,009 | €214,969 | -€34,040 | -13.7% |
| Fixed assets | 21/28 | €147,399 | €142,958 | -€4,441 | -3.0% |
| Tangible fixed assets | 22/27 | €146,823 | €142,383 | -€4,441 | -3.0% |
| Land and buildings | 22 | €117,872 | €114,234 | -€3,638 | -3.1% |
| Plant, machinery and equipment | 23 | €22,052 | €22,254 | +€201 | +0.9% |
| Furniture and vehicles | 24 | €6,899 | €5,895 | -€1,004 | -14.6% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €101,610 | €72,011 | -€29,599 | -29.1% |
| Stocks and contracts in progress | 3 | €7,178 | €3,839 | -€3,339 | -46.5% |
| Stocks | 30/36 | €7,178 | €3,839 | -€3,339 | -46.5% |
| Amounts receivable within one year | 40/41 | €43,398 | €31,541 | -€11,857 | -27.3% |
| Trade receivables | 40 | €38,213 | €22,306 | -€15,907 | -41.6% |
| Other amounts receivable | 41 | €5,184 | €9,235 | +€4,050 | +78.1% |
| Cash at bank and in hand | 54/58 | €49,251 | €35,022 | -€14,228 | -28.9% |
| Deferred charges and accrued income | 490/1 | €1,784 | €1,609 | -€175 | -9.8% |
| Total equity and liabilities | 10/49 | €249,009 | €214,969 | -€34,040 | -13.7% |
| Equity | 10/15 | €76,556 | €68,668 | -€7,888 | -10.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €66,556 | €58,668 | -€7,888 | -11.9% |
| Distributable reserves | 133 | €66,556 | €58,668 | -€7,888 | -11.9% |
| Amounts payable | 17/49 | €172,453 | €146,301 | -€26,151 | -15.2% |
| Amounts payable after more than one year | 17 | €91,042 | €78,814 | -€12,228 | -13.4% |
| Financial debts | 170/4 | €91,042 | €78,814 | -€12,228 | -13.4% |
| Amounts payable within one year | 42/48 | €70,985 | €66,487 | -€4,498 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €13,052 | €13,564 | +€512 | +3.9% |
| Trade debts | 44 | €44,854 | €28,511 | -€16,343 | -36.4% |
| Suppliers | 440/4 | €44,854 | €28,511 | -€16,343 | -36.4% |
| Advances received on contracts in progress | 46 | €707 | - | -€707 | |
| Taxes, remuneration and social security | 45 | €5,416 | €6,145 | +€729 | +13.5% |
| Taxes | 450/3 | €5,416 | €4,745 | -€671 | -12.4% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €6,957 | €18,267 | +€11,311 | +163% |
| Accrued charges and deferred income | 492/3 | €10,426 | €1,000 | -€9,426 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,423 | €8,305 | +€2,882 | +53.2% |
| Other operating charges | 640/8 | €1,079 | €1,114 | +€34 | +3.2% |
| Gross operating margin | 9900 | €53,803 | €52,089 | -€1,714 | -3.2% |
| Operating profit (loss) | 9901 | €47,301 | €42,671 | -€4,630 | -9.8% |
| Financial income | 75/76B | €192 | €172 | -€20 | -10.4% |
| Recurring financial income | 75 | €192 | €172 | -€20 | -10.4% |
| Financial charges | 65/66B | €4,931 | €34,291 | +€29,360 | +595% |
| Recurring financial charges | 65 | €4,931 | €34,291 | +€29,360 | +595% |
| Profit (loss) for the period before taxes | 9903 | €42,562 | €8,552 | -€34,010 | -79.9% |
| Income taxes | 67/77 | €7,259 | €2,774 | -€4,485 | -61.8% |
| Profit (loss) for the period | 9904 | €35,303 | €5,778 | -€29,525 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,303 | €5,778 | -€29,525 | -83.6% |
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 14 October 2026 via checked.be.