LOEMMA: what changed
What changed
LOEMMA
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€157,086
2024 · €153,511+€3,575
Equity
€150,329
2024 · €268,243-€117,914
Cash
€209,343
2024 · €57,953+€151,390
Balance sheet total
€534,148
2024 · €777,536-€243,388
Largest movements
Assets
- Stocks and contracts -€379,936
down €379,936 (-79.1%), from €480,368 to €100,432
- Cash +€151,390
up €151,390 (+261%), from €57,953 to €209,343
mainly Stocks and contracts (+€379,936) and Other debts (+€245,314)
- Receivables within one year -€77,291
down €77,291 (-37.0%), from €208,757 to €131,467
of which Trade receivables: -€110,571
- Tangible fixed assets +€64,325
up €64,325 (+251%), from €25,615 to €89,940
of which Furniture and vehicles: +€55,535
Equity and liabilities
- Other debts +€245,314
up €245,314 (+4,812%), from €5,098 to €250,412
- Debts after one year -€205,483
down €205,483 (-83.4%), from €246,500 to €41,017
- Reserves -€117,914
down €117,914 (-44.1%), from €267,243 to €149,329
- Short-term financial debts -€115,000
down €115,000 (-100%), from €115,000 to €0
- Tax, wage and social debts -€37,083
down €37,083 (-48.4%), from €76,637 to €39,554
of which Taxes: -€37,402
Income statement
- Gross operating margin +€10,937
up €10,937 (+4.8%), from €226,729 to €237,666
- Other operating charges +€5,204
up €5,204 (+584%), from €892 to €6,095
- Depreciation +€3,614
up €3,614 (+44.9%), from €8,049 to €11,663
- Taxes -€2,687
down €2,687 (-5.2%), from €51,237 to €48,550
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€153,511
Gross operating margin
+€10,937
Depreciation
-€3,614
Other operating charges
-€5,204
Financial income
+€392
Financial charges
-€1,624
Taxes
+€2,687
Result 2025
€157,086
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€815,183
Investment
-€75,988
Financing
-€587,805
Cash 2024
€57,953
From operations (derived)
+€815,183
Net result for the year
+€157,086
Depreciation
+€11,663
Stocks and contracts
+€379,936
Receivables within one year
+€77,291
Deferred charges and accrued income
+€1,875
Trade debts
-€31,881
Tax, wage and social debts
-€37,083
Advances received
+€14,000
Other debts
+€245,314
Accrued charges and deferred income
-€3,018
Investment (derived)
-€75,988
Investment in fixed assets (net)
-€75,988
Financing
-€587,805
Debts after one year
-€205,483
Current portion of long-term debt
+€7,678
Short-term financial debts
-€115,000
Contributions, distributions and other
-€275,000
Cash 2025
€209,343
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €777,536 | €534,148 | -€243,388 | -31.3% |
| Fixed assets | 21/28 | €26,615 | €90,940 | +€64,325 | +242% |
| Tangible fixed assets | 22/27 | €25,615 | €89,940 | +€64,325 | +251% |
| Plant, machinery and equipment | 23 | €3,974 | €4,552 | +€578 | +14.6% |
| Furniture and vehicles | 24 | €19,725 | €75,259 | +€55,535 | +282% |
| Other tangible fixed assets | 26 | €1,917 | €10,129 | +€8,212 | +428% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €750,920 | €443,208 | -€307,712 | -41.0% |
| Stocks and contracts in progress | 3 | €480,368 | €100,432 | -€379,936 | -79.1% |
| Stocks | 30/36 | €480,368 | €100,432 | -€379,936 | -79.1% |
| Amounts receivable within one year | 40/41 | €208,757 | €131,467 | -€77,291 | -37.0% |
| Trade receivables | 40 | €202,028 | €91,457 | -€110,571 | -54.7% |
| Other amounts receivable | 41 | €6,729 | €40,010 | +€33,281 | +495% |
| Cash at bank and in hand | 54/58 | €57,953 | €209,343 | +€151,390 | +261% |
| Deferred charges and accrued income | 490/1 | €3,842 | €1,967 | -€1,875 | -48.8% |
| Total equity and liabilities | 10/49 | €777,536 | €534,148 | -€243,388 | -31.3% |
| Equity | 10/15 | €268,243 | €150,329 | -€117,914 | -44.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €267,243 | €149,329 | -€117,914 | -44.1% |
| Distributable reserves | 133 | €267,243 | €149,329 | -€117,914 | -44.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €509,293 | €383,819 | -€125,474 | -24.6% |
| Amounts payable after more than one year | 17 | €246,500 | €41,017 | -€205,483 | -83.4% |
| Financial debts | 170/4 | €246,500 | €41,017 | -€205,483 | -83.4% |
| Amounts payable within one year | 42/48 | €259,774 | €342,802 | +€83,028 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €13,678 | +€7,678 | +128% |
| Financial debts | 43 | €115,000 | €0 | -€115,000 | -100% |
| Credit institutions | 430/8 | €115,000 | €0 | -€115,000 | -100% |
| Trade debts | 44 | €57,039 | €25,159 | -€31,881 | -55.9% |
| Suppliers | 440/4 | €57,039 | €25,159 | -€31,881 | -55.9% |
| Advances received on contracts in progress | 46 | - | €14,000 | +€14,000 | |
| Taxes, remuneration and social security | 45 | €76,637 | €39,554 | -€37,083 | -48.4% |
| Taxes | 450/3 | €70,732 | €33,330 | -€37,402 | -52.9% |
| Remuneration and social security | 454/9 | €5,905 | €6,224 | +€319 | +5.4% |
| Other amounts payable | 47/48 | €5,098 | €250,412 | +€245,314 | +4,812% |
| Accrued charges and deferred income | 492/3 | €3,018 | €0 | -€3,018 | -100% |
| Non-recurring operating income | 76A | - | €5,029 | +€5,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,049 | €11,663 | +€3,614 | +44.9% |
| Other operating charges | 640/8 | €892 | €6,095 | +€5,204 | +584% |
| Gross operating margin | 9900 | €226,729 | €237,666 | +€10,937 | +4.8% |
| Operating profit (loss) | 9901 | €217,789 | €219,908 | +€2,119 | +1.0% |
| Financial income | 75/76B | €1,824 | €2,216 | +€392 | +21.5% |
| Recurring financial income | 75 | €1,824 | €2,216 | +€392 | +21.5% |
| Financial charges | 65/66B | €14,865 | €16,489 | +€1,624 | +10.9% |
| Recurring financial charges | 65 | €14,865 | €16,489 | +€1,624 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €204,748 | €205,636 | +€888 | +0.4% |
| Income taxes | 67/77 | €51,237 | €48,550 | -€2,687 | -5.2% |
| Profit (loss) for the period | 9904 | €153,511 | €157,086 | +€3,575 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €153,511 | €157,086 | +€3,575 | +2.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.