LOAZ: 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.
LOAZ
Largest movements
- Tangible fixed assets -€34,301
down €34,301 (-5.7%), from €605,355 to €571,055
- Cash -€20,749
down €20,749 (-57.9%), from €35,849 to €15,100
mainly Debts after one year (-€40,601) and Other debts (-€19,986)
- Debts after one year -€40,601
down €40,601 (-9.6%), from €424,470 to €383,869
- Other debts -€19,986
down €19,986 (-91.5%), from €21,841 to €1,855
- Taxes +€1,692
up €1,692 (+438.6%), from €386 to €2,078
- Gross operating margin -€553
down €553 (-1.1%), from €49,316 to €48,763
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 | €641,205 | €586,577 | -€54,628 | -8.5% |
| Fixed assets | 21/28 | €605,355 | €571,055 | -€34,301 | -5.7% |
| Tangible fixed assets | 22/27 | €605,355 | €571,055 | -€34,301 | -5.7% |
| Land and buildings | 22 | €605,355 | €571,055 | -€34,301 | -5.7% |
| Current assets | 29/58 | €35,849 | €15,522 | -€20,328 | -56.7% |
| Amounts receivable within one year | 40/41 | - | €422 | +€422 | |
| Other amounts receivable | 41 | - | €422 | +€422 | |
| Cash at bank and in hand | 54/58 | €35,849 | €15,100 | -€20,749 | -57.9% |
| Total equity and liabilities | 10/49 | €641,205 | €586,577 | -€54,628 | -8.5% |
| Equity | 10/15 | €149,478 | €155,713 | +€6,235 | +4.2% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €9,478 | €15,713 | +€6,235 | +65.8% |
| Distributable reserves | 133 | €9,478 | €15,713 | +€6,235 | +65.8% |
| Amounts payable | 17/49 | €491,727 | €430,864 | -€60,863 | -12.4% |
| Amounts payable after more than one year | 17 | €424,470 | €383,869 | -€40,601 | -9.6% |
| Financial debts | 170/4 | €424,470 | €383,869 | -€40,601 | -9.6% |
| Amounts payable within one year | 42/48 | €62,757 | €42,456 | -€20,301 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €40,281 | €40,601 | +€320 | +0.8% |
| Trade debts | 44 | €249 | - | -€249 | |
| Suppliers | 440/4 | €249 | - | -€249 | |
| Taxes, remuneration and social security | 45 | €386 | - | -€386 | |
| Taxes | 450/3 | €386 | - | -€386 | |
| Other amounts payable | 47/48 | €21,841 | €1,855 | -€19,986 | -91.5% |
| Accrued charges and deferred income | 492/3 | €4,500 | €4,539 | +€39 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,301 | €34,301 | = | 0.0% |
| Other operating charges | 640/8 | €2,338 | €2,410 | +€72 | +3.1% |
| Gross operating margin | 9900 | €49,316 | €48,763 | -€553 | -1.1% |
| Operating profit (loss) | 9901 | €12,677 | €12,052 | -€624 | -4.9% |
| Financial charges | 65/66B | €4,042 | €3,740 | -€302 | -7.5% |
| Recurring financial charges | 65 | €4,042 | €3,740 | -€302 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €8,635 | €8,313 | -€322 | -3.7% |
| Income taxes | 67/77 | €386 | €2,078 | +€1,692 | +438.6% |
| Profit (loss) for the period | 9904 | €8,249 | €6,235 | -€2,015 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,249 | €6,235 | -€2,015 | -24.4% |
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 29 September 2026 via checked.be.