Loar: 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.
Loar
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+4607.9%), from €29,714 to €1.4m
of which Land and buildings: +€1.4m
- Cash -€577,976
down €577,976 (-82.3%), from €701,962 to €123,986
mainly Investment in fixed assets (net) (-€1.4m) and Other debts (-€64,339)
- Debts after one year +€646,961
new in 2024: €646,961
- Reserves +€192,640
up €192,640 (+22.4%), from €860,463 to €1.1m
of which Distributable reserves: +€129,490
- Other debts -€64,339
down €64,339 (-69.6%), from €92,390 to €28,051
- Short-term financial debts +€62,676
new in 2024: €62,676
- Trade debts -€32,439
down €32,439 (-77.2%), from €42,014 to €9,575
- Gross operating margin +€23,842
up €23,842 (+5.1%), from €471,643 to €495,485
- Staff costs -€17,755
down €17,755 (-8.6%), from €206,969 to €189,215
- Other operating charges +€12,481
up €12,481 (+703.6%), from €1,774 to €14,255
- Depreciation +€7,196
up €7,196 (+52.7%), from €13,646 to €20,842
- Financial charges +€7,106
up €7,106 (+303.5%), from €2,342 to €9,448
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 | €1,067,395 | €1,860,827 | +€793,432 | +74.3% |
| Fixed assets | 21/28 | €29,714 | €1,398,894 | +€1.4m | +4607.9% |
| Tangible fixed assets | 22/27 | €29,714 | €1,398,894 | +€1.4m | +4607.9% |
| Land and buildings | 22 | - | €1,377,541 | +€1.4m | |
| Plant, machinery and equipment | 23 | €16,797 | €11,659 | -€5,138 | -30.6% |
| Furniture and vehicles | 24 | €6,848 | €1,778 | -€5,070 | -74.0% |
| Other tangible fixed assets | 26 | €6,069 | €7,916 | +€1,847 | +30.4% |
| Current assets | 29/58 | €1,037,682 | €461,933 | -€575,749 | -55.5% |
| Stocks and contracts in progress | 3 | €22,757 | €21,607 | -€1,150 | -5.1% |
| Stocks | 30/36 | €22,757 | €21,607 | -€1,150 | -5.1% |
| Amounts receivable within one year | 40/41 | €7,459 | €3,456 | -€4,003 | -53.7% |
| Trade receivables | 40 | €7,459 | €3,456 | -€4,003 | -53.7% |
| Current investments | 50/53 | €305,504 | €312,693 | +€7,189 | +2.4% |
| Cash at bank and in hand | 54/58 | €701,962 | €123,986 | -€577,976 | -82.3% |
| Deferred charges and accrued income | 490/1 | - | €191 | +€191 | |
| Total equity and liabilities | 10/49 | €1,067,395 | €1,860,827 | +€793,432 | +74.3% |
| Equity | 10/15 | €866,663 | €1,059,304 | +€192,640 | +22.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €860,463 | €1,053,104 | +€192,640 | +22.4% |
| Tax-exempt reserves | 132 | €151,035 | €214,185 | +€63,150 | +41.8% |
| Distributable reserves | 133 | €709,428 | €838,919 | +€129,490 | +18.3% |
| Amounts payable | 17/49 | €200,732 | €801,524 | +€600,791 | +299.3% |
| Amounts payable after more than one year | 17 | - | €646,961 | +€646,961 | |
| Financial debts | 170/4 | - | €646,961 | +€646,961 | |
| Amounts payable within one year | 42/48 | €200,732 | €154,563 | -€46,170 | -23.0% |
| Financial debts | 43 | - | €62,676 | +€62,676 | |
| Credit institutions | 430/8 | - | €62,676 | +€62,676 | |
| Trade debts | 44 | €42,014 | €9,575 | -€32,439 | -77.2% |
| Suppliers | 440/4 | €42,014 | €9,575 | -€32,439 | -77.2% |
| Taxes, remuneration and social security | 45 | €66,329 | €54,260 | -€12,069 | -18.2% |
| Taxes | 450/3 | €45,449 | €31,649 | -€13,800 | -30.4% |
| Remuneration and social security | 454/9 | €20,880 | €22,611 | +€1,731 | +8.3% |
| Other amounts payable | 47/48 | €92,390 | €28,051 | -€64,339 | -69.6% |
| Remuneration, social security and pensions | 62 | €206,969 | €189,215 | -€17,755 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,646 | €20,842 | +€7,196 | +52.7% |
| Other operating charges | 640/8 | €1,774 | €14,255 | +€12,481 | +703.6% |
| Gross operating margin | 9900 | €471,643 | €495,485 | +€23,842 | +5.1% |
| Operating profit (loss) | 9901 | €249,254 | €271,174 | +€21,920 | +8.8% |
| Financial income | 75/76B | €1,426 | €6,463 | +€5,037 | +353.3% |
| Recurring financial income | 75 | €1,426 | €6,463 | +€5,037 | +353.3% |
| Financial charges | 65/66B | €2,342 | €9,448 | +€7,106 | +303.5% |
| Recurring financial charges | 65 | €2,342 | €9,448 | +€7,106 | +303.5% |
| Profit (loss) for the period before taxes | 9903 | €248,338 | €268,189 | +€19,851 | +8.0% |
| Income taxes | 67/77 | €71,365 | €75,548 | +€4,183 | +5.9% |
| Profit (loss) for the period | 9904 | €176,972 | €192,640 | +€15,668 | +8.9% |
| Transfer to tax-exempt reserves | 689 | €48,415 | €63,150 | +€14,735 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €128,557 | €129,490 | +€933 | +0.7% |
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 3 October 2026 via checked.be.