Lo-Services: 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-Services
Largest movements
- Tangible fixed assets -€21,984
down €21,984 (-11.3%), from €195,229 to €173,245
of which Furniture and vehicles: -€13,435
- Cash +€8,916
up €8,916 (+19.8%), from €45,144 to €54,060
mainly Depreciation (+€38,813) and Other debts (+€34,748)
- Intangible fixed assets +€3,719
up €3,719 (+371%), from €1,002 to €4,721
- Other debts +€34,748
up €34,748 (+108%), from €32,135 to €66,883
- Debts after one year -€15,670
down €15,670 (-12.7%), from €123,464 to €107,794
- Profit (loss) carried forward -€13,093
down €13,093 (-282%), from -€4,641 to -€17,734
- Current portion of long-term debt -€6,692
down €6,692 (-29.9%), from €22,363 to €15,670
- Tax, wage and social debts -€5,582
down €5,582 (-67.3%), from €8,299 to €2,717
- Depreciation -€5,447
down €5,447 (-12.3%), from €44,260 to €38,813
- Gross operating margin +€2,952
up €2,952 (+10.5%), from €28,054 to €31,006
- Other operating charges +€384
up €384 (+36.1%), from €1,063 to €1,447
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 | €254,720 | €247,094 | -€7,626 | -3.0% |
| Fixed assets | 21/28 | €196,831 | €178,566 | -€18,266 | -9.3% |
| Intangible fixed assets | 21 | €1,002 | €4,721 | +€3,719 | +371% |
| Tangible fixed assets | 22/27 | €195,229 | €173,245 | -€21,984 | -11.3% |
| Land and buildings | 22 | €127,924 | €123,262 | -€4,663 | -3.6% |
| Plant, machinery and equipment | 23 | €51,608 | €47,722 | -€3,886 | -7.5% |
| Furniture and vehicles | 24 | €15,697 | €2,262 | -€13,435 | -85.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €57,888 | €68,528 | +€10,640 | +18.4% |
| Stocks and contracts in progress | 3 | €2,429 | €2,886 | +€457 | +18.8% |
| Stocks | 30/36 | €2,429 | €2,886 | +€457 | +18.8% |
| Amounts receivable within one year | 40/41 | €1,355 | €2,904 | +€1,549 | +114% |
| Trade receivables | 40 | €1,355 | €2,484 | +€1,129 | +83.4% |
| Other amounts receivable | 41 | €0 | €420 | +€420 | |
| Cash at bank and in hand | 54/58 | €45,144 | €54,060 | +€8,916 | +19.8% |
| Deferred charges and accrued income | 490/1 | €8,961 | €8,679 | -€283 | -3.2% |
| Total equity and liabilities | 10/49 | €254,720 | €247,094 | -€7,626 | -3.0% |
| Equity | 10/15 | €66,167 | €53,074 | -€13,093 | -19.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,608 | €64,608 | = | 0.0% |
| Distributable reserves | 133 | €64,608 | €64,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,641 | -€17,734 | -€13,093 | -282% |
| Amounts payable | 17/49 | €188,552 | €194,019 | +€5,467 | +2.9% |
| Amounts payable after more than one year | 17 | €123,464 | €107,794 | -€15,670 | -12.7% |
| Financial debts | 170/4 | €123,464 | €107,794 | -€15,670 | -12.7% |
| Amounts payable within one year | 42/48 | €64,489 | €86,217 | +€21,728 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €22,363 | €15,670 | -€6,692 | -29.9% |
| Trade debts | 44 | €1,692 | €947 | -€745 | -44.1% |
| Suppliers | 440/4 | €1,692 | €947 | -€745 | -44.1% |
| Taxes, remuneration and social security | 45 | €8,299 | €2,717 | -€5,582 | -67.3% |
| Taxes | 450/3 | €8,299 | €2,717 | -€5,582 | -67.3% |
| Other amounts payable | 47/48 | €32,135 | €66,883 | +€34,748 | +108% |
| Accrued charges and deferred income | 492/3 | €600 | €9 | -€591 | -98.5% |
| Non-recurring operating income | 76A | €8,250 | €0 | -€8,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,260 | €38,813 | -€5,447 | -12.3% |
| Other operating charges | 640/8 | €1,063 | €1,447 | +€384 | +36.1% |
| Non-recurring operating charges | 66A | - | €464 | +€464 | |
| Gross operating margin | 9900 | €28,054 | €31,006 | +€2,952 | +10.5% |
| Operating profit (loss) | 9901 | -€17,268 | -€9,718 | +€7,550 | +43.7% |
| Financial income | 75/76B | €56 | €125 | +€70 | +126% |
| Recurring financial income | 75 | €56 | €125 | +€70 | +126% |
| Financial charges | 65/66B | €3,519 | €3,302 | -€217 | -6.2% |
| Recurring financial charges | 65 | €3,519 | €3,302 | -€217 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,732 | -€12,895 | +€7,836 | +37.8% |
| Income taxes | 67/77 | €218 | €198 | -€20 | -9.3% |
| Profit (loss) for the period | 9904 | -€20,950 | -€13,093 | +€7,857 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,950 | -€13,093 | +€7,857 | +37.5% |
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 15 October 2026 via checked.be.