LOECO: 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.
LOECO
Largest movements
- Cash -€36,499
down €36,499 (-51.8%), from €70,489 to €33,990
mainly Investment in fixed assets (net) (-€36,822) and Receivables within one year (-€19,775)
- Receivables within one year +€19,775
up €19,775 (+96.4%), from €20,518 to €40,293
of which Other amounts receivable: +€23,573
- Tangible fixed assets +€19,736
up €19,736 (+39.8%), from €49,581 to €69,318
of which Furniture and vehicles: +€20,628
- Deferred charges and accrued income +€8,145
up €8,145 (+1157.2%), from €704 to €8,849
- Reserves +€21,856
up €21,856 (+33.7%), from €64,843 to €86,699
- Trade debts -€8,208
down €8,208 (-77.8%), from €10,551 to €2,343
- Other debts -€1,771
down €1,771 (-2.9%), from €60,948 to €59,177
- Gross operating margin -€53,769
down €53,769 (-51.6%), from €104,147 to €50,378
- Taxes -€20,850
down €20,850 (-68.5%), from €30,444 to €9,594
- Depreciation +€8,337
up €8,337 (+95.3%), from €8,748 to €17,085
- Other operating charges +€1,600
up €1,600 (+999.5%), from €160 to €1,760
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 | €141,292 | €152,449 | +€11,157 | +7.9% |
| Fixed assets | 21/28 | €49,581 | €69,318 | +€19,736 | +39.8% |
| Tangible fixed assets | 22/27 | €49,581 | €69,318 | +€19,736 | +39.8% |
| Plant, machinery and equipment | 23 | €3,491 | €2,600 | -€891 | -25.5% |
| Furniture and vehicles | 24 | €46,090 | €66,717 | +€20,628 | +44.8% |
| Current assets | 29/58 | €91,711 | €83,132 | -€8,579 | -9.4% |
| Amounts receivable within one year | 40/41 | €20,518 | €40,293 | +€19,775 | +96.4% |
| Trade receivables | 40 | €9,128 | €5,330 | -€3,798 | -41.6% |
| Other amounts receivable | 41 | €11,390 | €34,963 | +€23,573 | +207.0% |
| Cash at bank and in hand | 54/58 | €70,489 | €33,990 | -€36,499 | -51.8% |
| Deferred charges and accrued income | 490/1 | €704 | €8,849 | +€8,145 | +1157.2% |
| Total equity and liabilities | 10/49 | €141,292 | €152,449 | +€11,157 | +7.9% |
| Equity | 10/15 | €67,343 | €89,199 | +€21,856 | +32.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €64,843 | €86,699 | +€21,856 | +33.7% |
| Distributable reserves | 133 | €64,843 | €86,699 | +€21,856 | +33.7% |
| Amounts payable | 17/49 | €73,949 | €63,250 | -€10,699 | -14.5% |
| Amounts payable within one year | 42/48 | €72,699 | €61,850 | -€10,849 | -14.9% |
| Trade debts | 44 | €10,551 | €2,343 | -€8,208 | -77.8% |
| Suppliers | 440/4 | €10,551 | €2,343 | -€8,208 | -77.8% |
| Taxes, remuneration and social security | 45 | €1,200 | €330 | -€870 | -72.5% |
| Taxes | 450/3 | €1,200 | €330 | -€870 | -72.5% |
| Other amounts payable | 47/48 | €60,948 | €59,177 | -€1,771 | -2.9% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,400 | +€150 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,748 | €17,085 | +€8,337 | +95.3% |
| Other operating charges | 640/8 | €160 | €1,760 | +€1,600 | +999.5% |
| Gross operating margin | 9900 | €104,147 | €50,378 | -€53,769 | -51.6% |
| Operating profit (loss) | 9901 | €95,239 | €31,532 | -€63,707 | -66.9% |
| Financial income | 75/76B | €170 | €0 | -€170 | -100.0% |
| Recurring financial income | 75 | €170 | €0 | -€170 | -100.0% |
| Financial charges | 65/66B | €123 | €82 | -€40 | -32.8% |
| Recurring financial charges | 65 | €123 | €82 | -€40 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €95,287 | €31,450 | -€63,837 | -67.0% |
| Income taxes | 67/77 | €30,444 | €9,594 | -€20,850 | -68.5% |
| Profit (loss) for the period | 9904 | €64,843 | €21,856 | -€42,987 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,843 | €21,856 | -€42,987 | -66.3% |
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 5 October 2026 via checked.be.