LOES DF: 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.
LOES DF
Largest movements
- Current investments +€39,700
up €39,700 (+284%), from €14,000 to €53,700
- Intangible fixed assets -€21,875
down €21,875 (-50.0%), from €43,750 to €21,875
- Cash +€15,534
up €15,534 (+13.7%), from €113,188 to €128,722
mainly Other debts (+€64,203) and Depreciation (+€36,259)
- Tangible fixed assets -€3,427
down €3,427 (-6.1%), from €56,223 to €52,796
of which Furniture and vehicles: -€9,665
- Other debts +€64,203
up €64,203 (+110%), from €58,197 to €122,401
- Profit (loss) carried forward -€33,136
down €33,136 (-100%), from €33,136 to €0
- Taxes -€4,764
down €4,764 (-31.0%), from €15,365 to €10,601
- Gross operating margin -€4,105
down €4,105 (-4.9%), from €83,996 to €79,891
- Financial income -€1,433
down €1,433 (-55.8%), from €2,567 to €1,134
- Financial charges +€1,167
up €1,167 (+21.5%), from €5,429 to €6,596
- Depreciation +€925
up €925 (+2.6%), from €35,334 to €36,259
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 | €246,696 | €277,914 | +€31,218 | +12.7% |
| Fixed assets | 21/28 | €99,973 | €74,671 | -€25,302 | -25.3% |
| Intangible fixed assets | 21 | €43,750 | €21,875 | -€21,875 | -50.0% |
| Tangible fixed assets | 22/27 | €56,223 | €52,796 | -€3,427 | -6.1% |
| Furniture and vehicles | 24 | €32,362 | €22,697 | -€9,665 | -29.9% |
| Other tangible fixed assets | 26 | €23,861 | €30,099 | +€6,238 | +26.1% |
| Current assets | 29/58 | €146,723 | €203,243 | +€56,520 | +38.5% |
| Amounts receivable after more than one year | 29 | €14,000 | €14,000 | = | 0.0% |
| Other amounts receivable | 291 | €14,000 | €14,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,591 | €5,789 | +€1,198 | +26.1% |
| Other amounts receivable | 41 | €4,591 | €5,789 | +€1,198 | +26.1% |
| Current investments | 50/53 | €14,000 | €53,700 | +€39,700 | +284% |
| Cash at bank and in hand | 54/58 | €113,188 | €128,722 | +€15,534 | +13.7% |
| Deferred charges and accrued income | 490/1 | €943 | €1,032 | +€88 | +9.4% |
| Total equity and liabilities | 10/49 | €246,696 | €277,914 | +€31,218 | +12.7% |
| Equity | 10/15 | €183,056 | €149,920 | -€33,136 | -18.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €144,920 | €144,920 | = | 0.0% |
| Distributable reserves | 133 | €144,920 | €144,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,136 | €0 | -€33,136 | -100% |
| Amounts payable | 17/49 | €63,639 | €127,994 | +€64,354 | +101% |
| Amounts payable within one year | 42/48 | €63,639 | €127,994 | +€64,354 | +101% |
| Trade debts | 44 | €1,928 | €2,030 | +€102 | +5.3% |
| Suppliers | 440/4 | €1,928 | €2,030 | +€102 | +5.3% |
| Taxes, remuneration and social security | 45 | €3,515 | €3,564 | +€49 | +1.4% |
| Taxes | 450/3 | €1,850 | €1,891 | +€41 | +2.2% |
| Remuneration and social security | 454/9 | €1,665 | €1,672 | +€8 | +0.5% |
| Other amounts payable | 47/48 | €58,197 | €122,401 | +€64,203 | +110% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,334 | €36,259 | +€925 | +2.6% |
| Other operating charges | 640/8 | €513 | €700 | +€186 | +36.3% |
| Gross operating margin | 9900 | €83,996 | €79,891 | -€4,105 | -4.9% |
| Operating profit (loss) | 9901 | €48,148 | €42,932 | -€5,216 | -10.8% |
| Financial income | 75/76B | €2,567 | €1,134 | -€1,433 | -55.8% |
| Recurring financial income | 75 | €2,567 | €1,134 | -€1,433 | -55.8% |
| Financial charges | 65/66B | €5,429 | €6,596 | +€1,167 | +21.5% |
| Recurring financial charges | 65 | €5,429 | €6,596 | +€1,167 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €45,287 | €37,471 | -€7,816 | -17.3% |
| Income taxes | 67/77 | €15,365 | €10,601 | -€4,764 | -31.0% |
| Profit (loss) for the period | 9904 | €29,921 | €26,869 | -€3,052 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,921 | €26,869 | -€3,052 | -10.2% |
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 20 October 2026 via checked.be.