LOETERS PROJECT: 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.
LOETERS PROJECT
Largest movements
- Cash +€42,541
up €42,541 (+4.9%), from €865,338 to €907,879
mainly Net result for the year (+€466,902) and Other debts (+€38,445)
- Receivables within one year -€33,218
down €33,218 (-48.8%), from €68,094 to €34,876
of which Other amounts receivable: -€33,218
- Tax, wage and social debts -€96,319
down €96,319 (-86.0%), from €111,989 to €15,670
of which Taxes: -€93,469
- Reserves +€61,902
up €61,902 (+7.6%), from €812,275 to €874,176
- Other debts +€38,445
up €38,445 (+253.0%), from €15,196 to €53,641
No income-statement line moved by more than 1% of the activity.
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 | €942,256 | €946,508 | +€4,252 | +0.5% |
| Fixed assets | 21/28 | €693 | €1,693 | +€999 | +144.2% |
| Tangible fixed assets | 22/27 | €693 | €1,693 | +€999 | +144.2% |
| Furniture and vehicles | 24 | €693 | €1,693 | +€999 | +144.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €941,563 | €944,815 | +€3,252 | +0.3% |
| Stocks and contracts in progress | 3 | €8,131 | €2,060 | -€6,071 | -74.7% |
| Stocks | 30/36 | €8,131 | €2,060 | -€6,071 | -74.7% |
| Amounts receivable within one year | 40/41 | €68,094 | €34,876 | -€33,218 | -48.8% |
| Trade receivables | 40 | €25,210 | €25,210 | = | 0.0% |
| Other amounts receivable | 41 | €42,884 | €9,666 | -€33,218 | -77.5% |
| Cash at bank and in hand | 54/58 | €865,338 | €907,879 | +€42,541 | +4.9% |
| Total equity and liabilities | 10/49 | €942,256 | €946,508 | +€4,252 | +0.5% |
| Equity | 10/15 | €814,275 | €876,176 | +€61,902 | +7.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €812,275 | €874,176 | +€61,902 | +7.6% |
| Distributable reserves | 133 | €812,275 | €874,176 | +€61,902 | +7.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €127,982 | €70,332 | -€57,650 | -45.0% |
| Amounts payable within one year | 42/48 | €127,982 | €70,332 | -€57,650 | -45.0% |
| Trade debts | 44 | €796 | €1,020 | +€224 | +28.1% |
| Suppliers | 440/4 | €796 | €1,020 | +€224 | +28.1% |
| Taxes, remuneration and social security | 45 | €111,989 | €15,670 | -€96,319 | -86.0% |
| Taxes | 450/3 | €109,139 | €15,670 | -€93,469 | -85.6% |
| Remuneration and social security | 454/9 | €2,850 | €0 | -€2,850 | -100.0% |
| Other amounts payable | 47/48 | €15,196 | €53,641 | +€38,445 | +253.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120 | €453 | +€333 | +277.4% |
| Other operating charges | 640/8 | €115 | €1,395 | +€1,280 | +1112.9% |
| Gross operating margin | 9900 | €621,379 | €619,758 | -€1,621 | -0.3% |
| Operating profit (loss) | 9901 | €621,144 | €617,911 | -€3,234 | -0.5% |
| Financial charges | 65/66B | €6,828 | €675 | -€6,152 | -90.1% |
| Recurring financial charges | 65 | €1,063 | €675 | -€387 | -36.5% |
| Non-recurring financial charges | 66B | €5,765 | €0 | -€5,765 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €614,317 | €617,236 | +€2,919 | +0.5% |
| Income taxes | 67/77 | €150,371 | €150,334 | -€37 | 0.0% |
| Profit (loss) for the period | 9904 | €463,946 | €466,902 | +€2,956 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €463,946 | €466,902 | +€2,956 | +0.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.