LO-TEC: 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-TEC
Largest movements
- Receivables within one year +€28,317
up €28,317 (+103.0%), from €27,494 to €55,811
of which Trade receivables: +€26,152
- Cash +€14,769
up €14,769 (+22.8%), from €64,821 to €79,590
mainly Other debts (+€34,000) and Net result for the year (+€29,868)
- Other debts +€34,000
new in 2025: €34,000
- Trade debts +€20,983
up €20,983 (+118.0%), from €17,781 to €38,764
- Profit (loss) carried forward -€10,132
down €10,132 (-15.5%), from €65,404 to €55,272
- Tax, wage and social debts -€1,846
down €1,846 (-18.3%), from €10,081 to €8,235
of which Taxes: -€1,846
- Gross operating margin -€24,981
down €24,981 (-33.7%), from €74,182 to €49,201
- Taxes -€6,322
down €6,322 (-34.6%), from €18,250 to €11,928
- Depreciation +€875
up €875 (+172.9%), from €506 to €1,381
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 | €98,266 | €141,271 | +€43,005 | +43.8% |
| Fixed assets | 21/28 | €4,756 | €4,964 | +€208 | +4.4% |
| Tangible fixed assets | 22/27 | €3,256 | €3,464 | +€208 | +6.4% |
| Plant, machinery and equipment | 23 | €1,892 | €1,052 | -€840 | -44.4% |
| Furniture and vehicles | 24 | €1,364 | €2,412 | +€1,048 | +76.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €93,510 | €136,307 | +€42,797 | +45.8% |
| Amounts receivable within one year | 40/41 | €27,494 | €55,811 | +€28,317 | +103.0% |
| Trade receivables | 40 | €17,492 | €43,644 | +€26,152 | +149.5% |
| Other amounts receivable | 41 | €10,002 | €12,167 | +€2,165 | +21.6% |
| Cash at bank and in hand | 54/58 | €64,821 | €79,590 | +€14,769 | +22.8% |
| Deferred charges and accrued income | 490/1 | €1,195 | €906 | -€289 | -24.2% |
| Total equity and liabilities | 10/49 | €98,266 | €141,271 | +€43,005 | +43.8% |
| Equity | 10/15 | €70,404 | €60,272 | -€10,132 | -14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,404 | €55,272 | -€10,132 | -15.5% |
| Amounts payable | 17/49 | €27,862 | €80,999 | +€53,137 | +190.7% |
| Amounts payable within one year | 42/48 | €27,862 | €80,999 | +€53,137 | +190.7% |
| Trade debts | 44 | €17,781 | €38,764 | +€20,983 | +118.0% |
| Suppliers | 440/4 | €17,781 | €38,764 | +€20,983 | +118.0% |
| Taxes, remuneration and social security | 45 | €10,081 | €8,235 | -€1,846 | -18.3% |
| Taxes | 450/3 | €9,729 | €7,883 | -€1,846 | -19.0% |
| Remuneration and social security | 454/9 | €352 | €352 | = | 0.0% |
| Other amounts payable | 47/48 | - | €34,000 | +€34,000 | |
| Remuneration, social security and pensions | 62 | €5,119 | €4,654 | -€465 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | €1,381 | +€875 | +172.9% |
| Other operating charges | 640/8 | €1,078 | €1,368 | +€290 | +26.9% |
| Gross operating margin | 9900 | €74,182 | €49,201 | -€24,981 | -33.7% |
| Operating profit (loss) | 9901 | €67,479 | €41,798 | -€25,681 | -38.1% |
| Financial income | 75/76B | €98 | €151 | +€53 | +54.1% |
| Recurring financial income | 75 | €98 | €151 | +€53 | +54.1% |
| Financial charges | 65/66B | €241 | €153 | -€88 | -36.5% |
| Recurring financial charges | 65 | €241 | €153 | -€88 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €67,336 | €41,796 | -€25,540 | -37.9% |
| Income taxes | 67/77 | €18,250 | €11,928 | -€6,322 | -34.6% |
| Profit (loss) for the period | 9904 | €49,086 | €29,868 | -€19,218 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,086 | €29,868 | -€19,218 | -39.2% |
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 9 October 2026 via checked.be.