LOAC II: 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 II
Largest movements
- Tangible fixed assets +€19,460
up €19,460 (+91.6%), from €21,238 to €40,698
of which Furniture and vehicles: +€25,322
- Cash +€1,756
up €1,756 (+94.4%), from €1,861 to €3,617
mainly Debts after one year (+€21,390) and Depreciation (+€10,220)
- Deferred charges and accrued income +€595
new in 2025: €595
- Debts after one year +€21,390
new in 2025: €21,390
- Profit (loss) carried forward -€9,096
down €9,096, from €1,048 to -€8,047
- Current portion of long-term debt +€5,313
new in 2025: €5,313
- Trade debts +€4,669
up €4,669 (+82.2%), from €5,683 to €10,352
- Tax, wage and social debts -€1,537
down €1,537 (-35.9%), from €4,287 to €2,750
of which Remuneration and social security: -€1,620
- Gross operating margin -€10,799
down €10,799 (-80.0%), from €13,505 to €2,706
- Depreciation +€2,150
up €2,150 (+26.6%), from €8,070 to €10,220
- Other operating charges -€1,960
down €1,960 (-71.1%), from €2,756 to €797
- Financial income +€942
up €942 (+1024.3%), from €92 to €1,034
- Financial charges +€854
up €854 (+104.3%), from €819 to €1,672
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 | €32,961 | €54,793 | +€21,832 | +66.2% |
| Fixed assets | 21/28 | €27,088 | €46,548 | +€19,460 | +71.8% |
| Tangible fixed assets | 22/27 | €21,238 | €40,698 | +€19,460 | +91.6% |
| Land and buildings | 22 | €1,072 | €797 | -€275 | -25.6% |
| Plant, machinery and equipment | 23 | €8,184 | €5,951 | -€2,233 | -27.3% |
| Furniture and vehicles | 24 | - | €25,322 | +€25,322 | |
| Other tangible fixed assets | 26 | €11,982 | €8,629 | -€3,354 | -28.0% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €5,873 | €8,245 | +€2,372 | +40.4% |
| Stocks and contracts in progress | 3 | €1,670 | €1,821 | +€150 | +9.0% |
| Stocks | 30/36 | €1,670 | €1,821 | +€150 | +9.0% |
| Amounts receivable within one year | 40/41 | €2,342 | €2,213 | -€129 | -5.5% |
| Trade receivables | 40 | €129 | - | -€129 | |
| Other amounts receivable | 41 | €2,213 | €2,213 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,861 | €3,617 | +€1,756 | +94.4% |
| Deferred charges and accrued income | 490/1 | - | €595 | +€595 | |
| Total equity and liabilities | 10/49 | €32,961 | €54,793 | +€21,832 | +66.2% |
| Equity | 10/15 | €3,048 | -€6,047 | -€9,096 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,048 | -€8,047 | -€9,096 | |
| Amounts payable | 17/49 | €29,913 | €60,841 | +€30,928 | +103.4% |
| Amounts payable after more than one year | 17 | - | €21,390 | +€21,390 | |
| Financial debts | 170/4 | - | €21,390 | +€21,390 | |
| Amounts payable within one year | 42/48 | €29,913 | €39,451 | +€9,538 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,313 | +€5,313 | |
| Trade debts | 44 | €5,683 | €10,352 | +€4,669 | +82.2% |
| Suppliers | 440/4 | €5,683 | €10,352 | +€4,669 | +82.2% |
| Advances received on contracts in progress | 46 | €129 | - | -€129 | |
| Taxes, remuneration and social security | 45 | €4,287 | €2,750 | -€1,537 | -35.9% |
| Taxes | 450/3 | €957 | €1,040 | +€83 | +8.7% |
| Remuneration and social security | 454/9 | €3,330 | €1,710 | -€1,620 | -48.6% |
| Other amounts payable | 47/48 | €19,815 | €21,036 | +€1,222 | +6.2% |
| Remuneration, social security and pensions | 62 | €520 | - | -€520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,070 | €10,220 | +€2,150 | +26.6% |
| Other operating charges | 640/8 | €2,756 | €797 | -€1,960 | -71.1% |
| Gross operating margin | 9900 | €13,505 | €2,706 | -€10,799 | -80.0% |
| Operating profit (loss) | 9901 | €2,159 | -€8,310 | -€10,469 | |
| Financial income | 75/76B | €92 | €1,034 | +€942 | +1024.3% |
| Recurring financial income | 75 | €92 | €1,034 | +€942 | +1024.3% |
| Financial charges | 65/66B | €819 | €1,672 | +€854 | +104.3% |
| Recurring financial charges | 65 | €819 | €1,672 | +€854 | +104.3% |
| Profit (loss) for the period before taxes | 9903 | €1,432 | -€8,948 | -€10,380 | |
| Income taxes | 67/77 | €384 | €147 | -€237 | -61.6% |
| Profit (loss) for the period | 9904 | €1,048 | -€9,096 | -€10,144 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,048 | -€9,096 | -€10,144 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.