Lochy & Partners: what changed
Two financial 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.
Lochy & Partners
Largest movements
- Cash +€143,046
up €143,046 (+15.2%), from €939,401 to €1.1m
mainly Net result for the year (+€188,661) and Depreciation (+€120,413)
- Tangible fixed assets -€113,879
down €113,879 (-10.0%), from €1.1m to €1.0m
of which Land and buildings: -€112,083
- Receivables within one year -€34,904
down €34,904 (-72.0%), from €48,471 to €13,567
- Reserves +€115,687
up €115,687 (+9.1%), from €1.3m to €1.4m
of which Distributable reserves: +€115,687
- Debts after one year -€111,305
down €111,305 (-13.4%), from €830,009 to €718,705
- Gross operating margin +€66,653
up €66,653 (+15.1%), from €442,111 to €508,764
- Taxes +€19,363
up €19,363 (+28.7%), from €67,499 to €86,862
- Staff costs +€9,844
up €9,844 (+15.1%), from €65,228 to €75,072
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.
Derived cash bridge
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 | €2,278,468 | €2,291,054 | +€12,587 | +0.6% |
| Fixed assets | 21/28 | €1,143,654 | €1,029,775 | -€113,879 | -10.0% |
| Tangible fixed assets | 22/27 | €1,142,654 | €1,028,775 | -€113,879 | -10.0% |
| Land and buildings | 22 | €1,125,373 | €1,013,290 | -€112,083 | -10.0% |
| Plant, machinery and equipment | 23 | - | €2,379 | +€2,379 | |
| Furniture and vehicles | 24 | €17,281 | €13,107 | -€4,175 | -24.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,134,813 | €1,261,279 | +€126,466 | +11.1% |
| Amounts receivable after more than one year | 29 | €89,407 | €90,517 | +€1,111 | +1.2% |
| Other amounts receivable | 291 | €89,407 | €90,517 | +€1,111 | +1.2% |
| Amounts receivable within one year | 40/41 | €48,471 | €13,567 | -€34,904 | -72.0% |
| Other amounts receivable | 41 | €48,471 | €13,567 | -€34,904 | -72.0% |
| Cash at bank and in hand | 54/58 | €939,401 | €1,082,447 | +€143,046 | +15.2% |
| Deferred charges and accrued income | 490/1 | €57,535 | €74,748 | +€17,213 | +29.9% |
| Total equity and liabilities | 10/49 | €2,278,468 | €2,291,054 | +€12,587 | +0.6% |
| Equity | 10/15 | €1,316,380 | €1,432,066 | +€115,687 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,265,504 | €1,381,191 | +€115,687 | +9.1% |
| Tax-exempt reserves | 132 | €39,033 | €39,033 | = | 0.0% |
| Distributable reserves | 133 | €1,226,471 | €1,342,158 | +€115,687 | +9.4% |
| Profit (loss) carried forward | 14 | €44,675 | €44,675 | = | 0.0% |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €947,088 | €843,988 | -€103,100 | -10.9% |
| Amounts payable after more than one year | 17 | €830,009 | €718,705 | -€111,305 | -13.4% |
| Financial debts | 170/4 | €830,009 | €718,705 | -€111,305 | -13.4% |
| Amounts payable within one year | 42/48 | €117,078 | €125,083 | +€8,005 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €109,230 | €111,305 | +€2,075 | +1.9% |
| Trade debts | 44 | €2,701 | €7,161 | +€4,460 | +165% |
| Suppliers | 440/4 | €2,701 | €7,161 | +€4,460 | +165% |
| Taxes, remuneration and social security | 45 | - | €1,470 | +€1,470 | |
| Taxes | 450/3 | - | €1,470 | +€1,470 | |
| Other amounts payable | 47/48 | €5,147 | €5,147 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €65,228 | €75,072 | +€9,844 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,142 | €120,413 | -€728 | -0.6% |
| Other operating charges | 640/8 | €21,812 | €21,784 | -€28 | -0.1% |
| Gross operating margin | 9900 | €442,111 | €508,764 | +€66,653 | +15.1% |
| Operating profit (loss) | 9901 | €233,929 | €291,494 | +€57,565 | +24.6% |
| Financial income | 75/76B | €1,111 | €2,554 | +€1,443 | +130% |
| Recurring financial income | 75 | €1,111 | €2,554 | +€1,443 | +130% |
| Financial charges | 65/66B | €20,226 | €18,525 | -€1,701 | -8.4% |
| Recurring financial charges | 65 | €20,226 | €18,525 | -€1,701 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €214,814 | €275,523 | +€60,709 | +28.3% |
| Income taxes | 67/77 | €67,499 | €86,862 | +€19,363 | +28.7% |
| Profit (loss) for the period | 9904 | €147,315 | €188,661 | +€41,346 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €147,315 | €188,661 | +€41,346 | +28.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.