Loading Systems Belgium: what changed
What changed
Loading Systems Belgium
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€5,311
2024 · €558,860-€553,550
Equity
€931,232
2024 · €1.3m-€378,549
Cash
€77,982
2024 · €181,290-€103,308
Balance sheet total
€2.4m
2024 · €3.1m-€623,028
Largest movements
Assets
- Stocks and contracts -€506,165
down €506,165 (-45.2%), from €1.1m to €614,337
of which Contracts in progress: -€491,571
- Cash -€103,308
down €103,308 (-57.0%), from €181,290 to €77,982
mainly Contributions, distributions and other (-€383,860) and Short-term financial debts (-€210,093)
- Tangible fixed assets +€49,025
up €49,025 (+34.8%), from €140,955 to €189,980
of which Furniture and vehicles: +€44,418
- Receivables within one year -€31,338
down €31,338 (-2.0%), from €1.6m to €1.5m
of which Other amounts receivable: -€22,754
- Deferred charges and accrued income -€31,242
down €31,242 (-74.2%), from €42,116 to €10,874
Equity and liabilities
- Contributions -€1.0m
down €1.0m (-53.3%), from €1.9m to €900,510
- Profit (loss) carried forward +€649,675
up €649,675, from -€644,630 to €5,045
- Short-term financial debts -€210,093
down €210,093 (-70.7%), from €297,186 to €87,092
- Advances received +€196,248
up €196,248 (+82.1%), from €239,090 to €435,338
- Trade debts -€125,482
down €125,482 (-19.4%), from €648,245 to €522,763
Income statement
- Gross operating margin -€595,481
down €595,481 (-13.8%), from €4.3m to €3.7m
- Staff costs -€63,937
down €63,937 (-1.8%), from €3.6m to €3.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€558,860
Gross operating margin
-€595,481
Staff costs
+€63,937
Depreciation
-€18,654
Write-downs
-€5,019
Other operating charges
-€27,583
Financial income
+€2,565
Financial charges
+€27,330
Taxes
-€644
Result 2025
€5,311
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€599,479
Investment
-€108,834
Financing
-€593,953
Cash 2024
€181,290
From operations (derived)
+€599,479
Net result for the year
+€5,311
Depreciation
+€59,809
Stocks and contracts
+€506,165
Receivables within one year
+€31,338
Deferred charges and accrued income
+€31,242
Trade debts
-€125,482
Tax, wage and social debts
-€99,387
Advances received
+€196,248
Accrued charges and deferred income
-€5,764
Investment (derived)
-€108,834
Investment in fixed assets (net)
-€108,834
Financing
-€593,953
Short-term financial debts
-€210,093
Contributions, distributions and other
-€383,860
Cash 2025
€77,982
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,055,415 | €2,432,387 | -€623,028 | -20.4% |
| Fixed assets | 21/28 | €140,955 | €189,980 | +€49,025 | +34.8% |
| Tangible fixed assets | 22/27 | €140,955 | €189,980 | +€49,025 | +34.8% |
| Plant, machinery and equipment | 23 | €50,250 | €53,242 | +€2,992 | +6.0% |
| Furniture and vehicles | 24 | €89,653 | €134,071 | +€44,418 | +49.5% |
| Other tangible fixed assets | 26 | €1,052 | €2,667 | +€1,615 | +154% |
| Current assets | 29/58 | €2,914,460 | €2,242,407 | -€672,053 | -23.1% |
| Stocks and contracts in progress | 3 | €1,120,502 | €614,337 | -€506,165 | -45.2% |
| Stocks | 30/36 | €163,918 | €149,324 | -€14,594 | -8.9% |
| Contracts in progress | 37 | €956,584 | €465,013 | -€491,571 | -51.4% |
| Amounts receivable within one year | 40/41 | €1,570,551 | €1,539,213 | -€31,338 | -2.0% |
| Trade receivables | 40 | €1,511,431 | €1,502,848 | -€8,583 | -0.6% |
| Other amounts receivable | 41 | €59,120 | €36,366 | -€22,754 | -38.5% |
| Cash at bank and in hand | 54/58 | €181,290 | €77,982 | -€103,308 | -57.0% |
| Deferred charges and accrued income | 490/1 | €42,116 | €10,874 | -€31,242 | -74.2% |
| Total equity and liabilities | 10/49 | €3,055,415 | €2,432,387 | -€623,028 | -20.4% |
| Equity | 10/15 | €1,309,781 | €931,232 | -€378,549 | -28.9% |
| Contributions | 10/11 | €1,929,000 | €900,510 | -€1.0m | -53.3% |
| Capital | 10 | €1,929,000 | €900,510 | -€1.0m | -53.3% |
| Issued capital | 100 | €1,929,000 | €900,510 | -€1.0m | -53.3% |
| Reserves | 13 | €25,411 | €25,676 | +€266 | +1.0% |
| Non-distributable reserves | 130/1 | €25,411 | €25,676 | +€266 | +1.0% |
| Legal reserve | 130 | €25,411 | €25,676 | +€266 | +1.0% |
| Profit (loss) carried forward | 14 | -€644,630 | €5,045 | +€649,675 | |
| Amounts payable | 17/49 | €1,745,634 | €1,501,155 | -€244,478 | -14.0% |
| Amounts payable within one year | 42/48 | €1,738,411 | €1,499,697 | -€238,714 | -13.7% |
| Financial debts | 43 | €297,186 | €87,092 | -€210,093 | -70.7% |
| Credit institutions | 430/8 | €297,186 | €87,092 | -€210,093 | -70.7% |
| Trade debts | 44 | €648,245 | €522,763 | -€125,482 | -19.4% |
| Suppliers | 440/4 | €648,245 | €522,763 | -€125,482 | -19.4% |
| Advances received on contracts in progress | 46 | €239,090 | €435,338 | +€196,248 | +82.1% |
| Taxes, remuneration and social security | 45 | €553,890 | €454,503 | -€99,387 | -17.9% |
| Taxes | 450/3 | €97,661 | €95,473 | -€2,188 | -2.2% |
| Remuneration and social security | 454/9 | €456,229 | €359,030 | -€97,199 | -21.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €7,223 | €1,458 | -€5,764 | -79.8% |
| Non-recurring operating income | 76A | €89,270 | €0 | -€89,270 | -100% |
| Remuneration, social security and pensions | 62 | €3,648,888 | €3,584,951 | -€63,937 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,155 | €59,809 | +€18,654 | +45.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,774 | -€6,755 | +€5,019 | +42.6% |
| Other operating charges | 640/8 | €7,188 | €34,771 | +€27,583 | +384% |
| Gross operating margin | 9900 | €4,303,030 | €3,707,550 | -€595,481 | -13.8% |
| Operating profit (loss) | 9901 | €617,573 | €34,773 | -€582,800 | -94.4% |
| Financial income | 75/76B | €99 | €2,664 | +€2,565 | +2,582% |
| Recurring financial income | 75 | €99 | €2,664 | +€2,565 | +2,582% |
| Financial charges | 65/66B | €52,579 | €25,249 | -€27,330 | -52.0% |
| Recurring financial charges | 65 | €52,579 | €25,249 | -€27,330 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €565,094 | €12,188 | -€552,906 | -97.8% |
| Income taxes | 67/77 | €6,233 | €6,878 | +€644 | +10.3% |
| Profit (loss) for the period | 9904 | €558,860 | €5,311 | -€553,550 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €558,860 | €5,311 | -€553,550 | -99.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.