LOE: 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.
LOE
Largest movements
- Cash -€25,635
down €25,635 (-38.6%), from €66,481 to €40,846
mainly Other debts (-€14,199) and Stocks and contracts (-€10,091)
- Stocks and contracts +€10,091
up €10,091 (+44.8%), from €22,508 to €32,599
- Financial fixed assets +€6,000
new in 2025: €6,000
- Other debts -€14,199
down €14,199 (-18.4%), from €76,970 to €62,770
- Profit (loss) carried forward +€11,262
up €11,262 (+32.9%), from -€34,205 to -€22,943
- Tax, wage and social debts -€6,181
down €6,181 (-26.3%), from €23,471 to €17,291
- Turnover +€162,306
new in 2025: €162,306
- Purchases and services +€146,535
new in 2025: €146,535
- Gross operating margin +€11,179
up €11,179 (+178.8%), from €6,253 to €17,432
- Taxes +€2,738
up €2,738 (+620.6%), from €441 to €3,180
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 | €90,087 | €80,738 | -€9,349 | -10.4% |
| Fixed assets | 21/28 | €0 | €6,000 | +€6,000 | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €90,087 | €74,738 | -€15,349 | -17.0% |
| Stocks and contracts in progress | 3 | €22,508 | €32,599 | +€10,091 | +44.8% |
| Stocks | 30/36 | €22,508 | €32,599 | +€10,091 | +44.8% |
| Amounts receivable within one year | 40/41 | €1,098 | €1,293 | +€194 | +17.7% |
| Trade receivables | 40 | €1,098 | €1,293 | +€194 | +17.7% |
| Cash at bank and in hand | 54/58 | €66,481 | €40,846 | -€25,635 | -38.6% |
| Total equity and liabilities | 10/49 | €90,087 | €80,738 | -€9,349 | -10.4% |
| Equity | 10/15 | -€15,605 | -€4,343 | +€11,262 | +72.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,205 | -€22,943 | +€11,262 | +32.9% |
| Amounts payable | 17/49 | €105,692 | €85,081 | -€20,611 | -19.5% |
| Amounts payable within one year | 42/48 | €105,692 | €85,081 | -€20,611 | -19.5% |
| Trade debts | 44 | €5,252 | €5,021 | -€231 | -4.4% |
| Suppliers | 440/4 | €5,252 | €5,021 | -€231 | -4.4% |
| Taxes, remuneration and social security | 45 | €23,471 | €17,291 | -€6,181 | -26.3% |
| Taxes | 450/3 | €23,471 | €17,291 | -€6,181 | -26.3% |
| Other amounts payable | 47/48 | €76,970 | €62,770 | -€14,199 | -18.4% |
| Turnover | 70 | - | €162,306 | +€162,306 | |
| Non-recurring operating income | 76A | €19 | €12 | -€8 | -39.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €146,535 | +€146,535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | - | -€263 | |
| Other operating charges | 640/8 | €2,782 | €1,384 | -€1,398 | -50.3% |
| Non-recurring operating charges | 66A | - | €22 | +€22 | |
| Gross operating margin | 9900 | €6,253 | €17,432 | +€11,179 | +178.8% |
| Operating profit (loss) | 9901 | €3,208 | €16,026 | +€12,818 | +399.5% |
| Financial income | 75/76B | €606 | €197 | -€409 | -67.6% |
| Recurring financial income | 75 | €606 | €197 | -€409 | -67.6% |
| Financial charges | 65/66B | €2,784 | €1,782 | -€1,003 | -36.0% |
| Recurring financial charges | 65 | €2,784 | €1,782 | -€1,003 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €1,030 | €14,441 | +€13,411 | +1301.6% |
| Income taxes | 67/77 | €441 | €3,180 | +€2,738 | +620.6% |
| Profit (loss) for the period | 9904 | €589 | €11,262 | +€10,673 | +1811.7% |
| Profit (loss) for the period to be appropriated | 9905 | €589 | €11,262 | +€10,673 | +1811.7% |
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 10 October 2026 via checked.be.