LOAC: 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.
LOAC
Largest movements
- Tangible fixed assets -€18,345
down €18,345 (-4.5%), from €404,403 to €386,057
- Other debts -€10,408
down €10,408 (-1.5%), from €689,933 to €679,525
- Profit (loss) carried forward -€9,909
down €9,909 (-3.3%), from -€304,409 to -€314,318
- Other operating charges +€1,476
up €1,476 (+67.7%), from €2,179 to €3,655
- Gross operating margin +€1,003
up €1,003 (+9.0%), from €11,161 to €12,164
- Depreciation +€458
up €458 (+2.6%), from €17,887 to €18,345
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,552 | €389,210 | -€17,342 | -4.3% |
| Fixed assets | 21/28 | €404,403 | €386,057 | -€18,345 | -4.5% |
| Tangible fixed assets | 22/27 | €404,403 | €386,057 | -€18,345 | -4.5% |
| Land and buildings | 22 | €404,403 | €386,057 | -€18,345 | -4.5% |
| Current assets | 29/58 | €2,149 | €3,153 | +€1,004 | +46.7% |
| Amounts receivable within one year | 40/41 | €300 | €258 | -€42 | -14.1% |
| Trade receivables | 40 | €300 | - | -€300 | |
| Other amounts receivable | 41 | - | €258 | +€258 | |
| Cash at bank and in hand | 54/58 | €1,259 | €2,895 | +€1,636 | +129.9% |
| Deferred charges and accrued income | 490/1 | €590 | - | -€590 | |
| Total equity and liabilities | 10/49 | €406,552 | €389,210 | -€17,342 | -4.3% |
| Equity | 10/15 | -€283,805 | -€293,714 | -€9,909 | -3.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,012 | €2,012 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €153 | €153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€304,409 | -€314,318 | -€9,909 | -3.3% |
| Amounts payable | 17/49 | €690,357 | €682,924 | -€7,433 | -1.1% |
| Amounts payable within one year | 42/48 | €690,357 | €682,924 | -€7,433 | -1.1% |
| Trade debts | 44 | €424 | €3,399 | +€2,975 | +702.0% |
| Suppliers | 440/4 | €424 | €3,399 | +€2,975 | +702.0% |
| Other amounts payable | 47/48 | €689,933 | €679,525 | -€10,408 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,887 | €18,345 | +€458 | +2.6% |
| Other operating charges | 640/8 | €2,179 | €3,655 | +€1,476 | +67.7% |
| Gross operating margin | 9900 | €11,161 | €12,164 | +€1,003 | +9.0% |
| Operating profit (loss) | 9901 | -€8,905 | -€9,837 | -€932 | -10.5% |
| Financial charges | 65/66B | €133 | €72 | -€61 | -45.8% |
| Recurring financial charges | 65 | €133 | €72 | -€61 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,038 | -€9,909 | -€871 | -9.6% |
| Profit (loss) for the period | 9904 | -€9,038 | -€9,909 | -€871 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,038 | -€9,909 | -€871 | -9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.