LO-MANAGEMENT: what changed
LO-MANAGEMENT
Largest movements
- Cash +€125,937
up €125,937 (+38.3%), from €328,733 to €454,670
mainly Net result for the year (+€161,072) and Receivables within one year (+€35,000)
- Deferred charges and accrued income +€43,991
up €43,991 (+62.5%), from €70,415 to €114,406
- Receivables within one year -€35,000
down €35,000 (-46.7%), from €75,000 to €40,000
of which Other amounts receivable: -€35,000
- Tangible fixed assets -€24,252
down €24,252 (-100%), from €24,252 to €0
- Reserves +€161,072
up €161,072 (+12.1%), from €1.3m to €1.5m
- Tax, wage and social debts -€47,324
down €47,324 (-48.8%), from €96,910 to €49,586
- Gross operating margin +€8,939
up €8,939 (+4.2%), from €214,336 to €223,275
- Financial income +€4,068
up €4,068 (+10.2%), from €40,000 to €44,068
of which Financial income: +€4,068
- Taxes +€3,816
up €3,816 (+5.3%), from €72,350 to €76,166
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,697,507 | €1,808,183 | +€110,676 | +6.5% |
| Fixed assets | 21/28 | €473,359 | €449,107 | -€24,252 | -5.1% |
| Tangible fixed assets | 22/27 | €24,252 | €0 | -€24,252 | -100% |
| Furniture and vehicles | 24 | €24,252 | €0 | -€24,252 | -100% |
| Financial fixed assets | 28 | €449,107 | €449,107 | = | 0.0% |
| Current assets | 29/58 | €1,224,148 | €1,359,076 | +€134,927 | +11.0% |
| Amounts receivable after more than one year | 29 | €750,000 | €750,000 | = | 0.0% |
| Other amounts receivable | 291 | €750,000 | €750,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,000 | €40,000 | -€35,000 | -46.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €75,000 | €40,000 | -€35,000 | -46.7% |
| Cash at bank and in hand | 54/58 | €328,733 | €454,670 | +€125,937 | +38.3% |
| Deferred charges and accrued income | 490/1 | €70,415 | €114,406 | +€43,991 | +62.5% |
| Total equity and liabilities | 10/49 | €1,697,507 | €1,808,183 | +€110,676 | +6.5% |
| Equity | 10/15 | €1,536,149 | €1,697,221 | +€161,072 | +10.5% |
| Contributions | 10/11 | €209,576 | €209,576 | = | 0.0% |
| Reserves | 13 | €1,326,573 | €1,487,645 | +€161,072 | +12.1% |
| Distributable reserves | 133 | €1,326,573 | €1,487,645 | +€161,072 | +12.1% |
| Amounts payable | 17/49 | €161,358 | €110,962 | -€50,396 | -31.2% |
| Amounts payable within one year | 42/48 | €161,358 | €110,962 | -€50,396 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €64,449 | €61,376 | -€3,073 | -4.8% |
| Suppliers | 440/4 | €64,449 | €61,376 | -€3,073 | -4.8% |
| Taxes, remuneration and social security | 45 | €96,910 | €49,586 | -€47,324 | -48.8% |
| Taxes | 450/3 | €96,910 | €49,586 | -€47,324 | -48.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,003 | €24,252 | -€751 | -3.0% |
| Other operating charges | 640/8 | €4,064 | €4,549 | +€484 | +11.9% |
| Gross operating margin | 9900 | €214,336 | €223,275 | +€8,939 | +4.2% |
| Operating profit (loss) | 9901 | €185,269 | €194,475 | +€9,206 | +5.0% |
| Financial income | 75/76B | €40,000 | €44,068 | +€4,068 | +10.2% |
| Recurring financial income | 75 | €40,000 | €44,068 | +€4,068 | +10.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €834 | €1,305 | +€471 | +56.5% |
| Recurring financial charges | 65 | €834 | €1,305 | +€471 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €224,435 | €237,238 | +€12,803 | +5.7% |
| Income taxes | 67/77 | €72,350 | €76,166 | +€3,816 | +5.3% |
| Profit (loss) for the period | 9904 | €152,085 | €161,072 | +€8,987 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €152,085 | €161,072 | +€8,987 | +5.9% |
Next steps
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 7 November 2026 via checked.be.