LOAD HOUSE: 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.
LOAD HOUSE
Largest movements
- Cash +€133,023
up €133,023 (+275.6%), from €48,263 to €181,286
mainly Current investments (+€80,000) and Other debts (+€40,520)
- Current investments -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Tangible fixed assets -€19,707
down €19,707 (-5.8%), from €338,937 to €319,230
- Receivables within one year -€9,569
down €9,569 (-17.3%), from €55,196 to €45,627
of which Trade receivables: -€8,903
- Other debts +€40,520
up €40,520 (+880.9%), from €4,600 to €45,120
- Reserves -€15,910
down €15,910 (-4.5%), from €353,065 to €337,155
of which Distributable reserves: -€10,712
- Gross operating margin -€55,536
down €55,536 (-46.2%), from €120,243 to €64,707
- Taxes -€16,184
down €16,184 (-52.6%), from €30,749 to €14,564
- Depreciation +€3,535
up €3,535 (+21.5%), from €16,425 to €19,960
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 | €542,295 | €565,647 | +€23,352 | +4.3% |
| Fixed assets | 21/28 | €357,158 | €337,451 | -€19,707 | -5.5% |
| Tangible fixed assets | 22/27 | €338,937 | €319,230 | -€19,707 | -5.8% |
| Land and buildings | 22 | €284,693 | €275,441 | -€9,253 | -3.3% |
| Plant, machinery and equipment | 23 | €13,558 | €12,390 | -€1,167 | -8.6% |
| Furniture and vehicles | 24 | €40,686 | €31,399 | -€9,287 | -22.8% |
| Financial fixed assets | 28 | €18,221 | €18,221 | = | 0.0% |
| Current assets | 29/58 | €185,137 | €228,196 | +€43,059 | +23.3% |
| Amounts receivable within one year | 40/41 | €55,196 | €45,627 | -€9,569 | -17.3% |
| Trade receivables | 40 | €27,295 | €18,392 | -€8,903 | -32.6% |
| Other amounts receivable | 41 | €27,901 | €27,235 | -€666 | -2.4% |
| Current investments | 50/53 | €80,000 | €0 | -€80,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €48,263 | €181,286 | +€133,023 | +275.6% |
| Deferred charges and accrued income | 490/1 | €1,678 | €1,284 | -€394 | -23.5% |
| Total equity and liabilities | 10/49 | €542,295 | €565,647 | +€23,352 | +4.3% |
| Equity | 10/15 | €489,442 | €473,532 | -€15,910 | -3.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €353,065 | €337,155 | -€15,910 | -4.5% |
| Non-distributable reserves | 130/1 | €4,765 | €4,765 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,765 | €4,765 | = | 0.0% |
| Tax-exempt reserves | 132 | €129,937 | €124,740 | -€5,197 | -4.0% |
| Distributable reserves | 133 | €218,362 | €207,650 | -€10,712 | -4.9% |
| Profit (loss) carried forward | 14 | €73,877 | €73,877 | = | 0.0% |
| Provisions and deferred taxes | 16 | €43,312 | €41,580 | -€1,733 | -4.0% |
| Deferred taxes | 168 | €43,312 | €41,580 | -€1,733 | -4.0% |
| Amounts payable | 17/49 | €9,541 | €50,535 | +€40,994 | +429.7% |
| Amounts payable within one year | 42/48 | €8,975 | €49,748 | +€40,772 | +454.3% |
| Trade debts | 44 | €1,326 | €1,309 | -€16 | -1.2% |
| Suppliers | 440/4 | €1,326 | €1,309 | -€16 | -1.2% |
| Taxes, remuneration and social security | 45 | €3,050 | €3,318 | +€269 | +8.8% |
| Taxes | 450/3 | €3,050 | €2,698 | -€352 | -11.5% |
| Remuneration and social security | 454/9 | - | €621 | +€621 | |
| Other amounts payable | 47/48 | €4,600 | €45,120 | +€40,520 | +880.9% |
| Accrued charges and deferred income | 492/3 | €566 | €787 | +€222 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,425 | €19,960 | +€3,535 | +21.5% |
| Other operating charges | 640/8 | €2,049 | €2,012 | -€38 | -1.8% |
| Gross operating margin | 9900 | €120,243 | €64,707 | -€55,536 | -46.2% |
| Operating profit (loss) | 9901 | €101,768 | €42,735 | -€59,033 | -58.0% |
| Financial income | 75/76B | €2,533 | €2,736 | +€202 | +8.0% |
| Recurring financial income | 75 | €2,533 | €2,736 | +€202 | +8.0% |
| Financial charges | 65/66B | €420 | €548 | +€129 | +30.7% |
| Recurring financial charges | 65 | €420 | €548 | +€129 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €103,882 | €44,922 | -€58,960 | -56.8% |
| Transfer from deferred taxes | 780 | €1,733 | €1,733 | = | 0.0% |
| Income taxes | 67/77 | €30,749 | €14,564 | -€16,184 | -52.6% |
| Profit (loss) for the period | 9904 | €74,866 | €32,090 | -€42,776 | -57.1% |
| Transfer from tax-exempt reserves | 789 | €5,197 | €5,197 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,063 | €37,288 | -€42,776 | -53.4% |
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 3 October 2026 via checked.be.