LOEI: 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.
LOEI
Largest movements
- Cash +€41,899
up €41,899 (+159.6%), from €26,251 to €68,150
mainly Net result for the year (+€38,570) and Tax, wage and social debts (+€8,562)
- Receivables within one year +€5,547
up €5,547 (+1444.5%), from €384 to €5,931
of which Trade receivables: +€5,931
- Financial fixed assets +€2,057
new in 2025: €2,057
- Tangible fixed assets -€930
down €930 (-55.1%), from €1,687 to €757
of which Plant, machinery and equipment: -€858
- Reserves +€38,570
up €38,570 (+1154.5%), from €3,341 to €41,910
- Tax, wage and social debts +€8,562
up €8,562 (+43.3%), from €19,778 to €28,341
of which Taxes: +€15,584
- Trade debts +€804
up €804 (+60.6%), from €1,326 to €2,129
- Gross operating margin +€33,324
up €33,324 (+95.7%), from €34,835 to €68,159
- Staff costs -€24,455
down €24,455 (-77.5%), from €31,568 to €7,113
- Taxes +€17,009
new in 2025: €17,009
- Other operating charges +€2,625
up €2,625 (+353.1%), from €743 to €3,368
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 | €29,625 | €77,632 | +€48,007 | +162.0% |
| Fixed assets | 21/28 | €2,830 | €3,386 | +€555 | +19.6% |
| Intangible fixed assets | 21 | €1,143 | €571 | -€571 | -50.0% |
| Tangible fixed assets | 22/27 | €1,687 | €757 | -€930 | -55.1% |
| Plant, machinery and equipment | 23 | €1,615 | €757 | -€858 | -53.1% |
| Furniture and vehicles | 24 | €72 | €0 | -€72 | -100.0% |
| Financial fixed assets | 28 | - | €2,057 | +€2,057 | |
| Current assets | 29/58 | €26,795 | €74,246 | +€47,451 | +177.1% |
| Amounts receivable within one year | 40/41 | €384 | €5,931 | +€5,547 | +1444.5% |
| Trade receivables | 40 | €0 | €5,931 | +€5,931 | |
| Other amounts receivable | 41 | €384 | €0 | -€384 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,251 | €68,150 | +€41,899 | +159.6% |
| Deferred charges and accrued income | 490/1 | €160 | €165 | +€5 | +3.0% |
| Total equity and liabilities | 10/49 | €29,625 | €77,632 | +€48,007 | +162.0% |
| Equity | 10/15 | €7,341 | €45,910 | +€38,570 | +525.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €3,341 | €41,910 | +€38,570 | +1154.5% |
| Distributable reserves | 133 | €3,341 | €41,910 | +€38,570 | +1154.5% |
| Amounts payable | 17/49 | €22,284 | €31,721 | +€9,437 | +42.3% |
| Amounts payable within one year | 42/48 | €22,284 | €31,721 | +€9,437 | +42.3% |
| Trade debts | 44 | €1,326 | €2,129 | +€804 | +60.6% |
| Suppliers | 440/4 | €1,326 | €2,129 | +€804 | +60.6% |
| Taxes, remuneration and social security | 45 | €19,778 | €28,341 | +€8,562 | +43.3% |
| Taxes | 450/3 | €12,522 | €28,106 | +€15,584 | +124.5% |
| Remuneration and social security | 454/9 | €7,257 | €235 | -€7,022 | -96.8% |
| Other amounts payable | 47/48 | €1,180 | €1,251 | +€71 | +6.0% |
| Remuneration, social security and pensions | 62 | €31,568 | €7,113 | -€24,455 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,834 | €1,502 | -€332 | -18.1% |
| Other operating charges | 640/8 | €743 | €3,368 | +€2,625 | +353.1% |
| Gross operating margin | 9900 | €34,835 | €68,159 | +€33,324 | +95.7% |
| Operating profit (loss) | 9901 | €689 | €56,176 | +€55,486 | +8047.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €128 | €598 | +€470 | +367.2% |
| Recurring financial charges | 65 | €128 | €598 | +€470 | +367.2% |
| Profit (loss) for the period before taxes | 9903 | €563 | €55,578 | +€55,015 | +9779.3% |
| Income taxes | 67/77 | - | €17,009 | +€17,009 | |
| Profit (loss) for the period | 9904 | €563 | €38,570 | +€38,007 | +6755.9% |
| Profit (loss) for the period to be appropriated | 9905 | €563 | €38,570 | +€38,007 | +6755.9% |
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.