LOF Concept: 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.
LOF Concept
Largest movements
- Cash -€12,947
down €12,947 (-52.9%), from €24,471 to €11,524
mainly Other debts (-€28,793) and Receivables within one year (-€8,423)
- Receivables within one year +€8,423
up €8,423 (+1,381%), from €610 to €9,033
of which Other amounts receivable: +€7,523
- Tangible fixed assets -€4,147
down €4,147 (-24.3%), from €17,057 to €12,910
of which Furniture and vehicles: -€2,368
- Stocks and contracts -€2,838
down €2,838 (-5.0%), from €56,832 to €53,994
- Deferred charges and accrued income +€2,784
up €2,784 (+2,377%), from €117 to €2,901
- Other debts -€28,793
down €28,793 (-100%), from €28,793 to €0
- Reserves +€19,023
up €19,023 (+93.2%), from €20,406 to €39,429
- Trade debts -€5,982
down €5,982 (-27.9%), from €21,436 to €15,454
- Advances received +€5,473
new in 2026: €5,473
- Accrued charges and deferred income +€2,421
up €2,421 (+1,373%), from €176 to €2,598
- Gross operating margin +€2,904
up €2,904 (+9.5%), from €30,603 to €33,507
- Other operating charges +€2,704
up €2,704 (+698%), from €387 to €3,091
- Depreciation +€2,182
up €2,182 (+111%), from €1,966 to €4,147
- Financial income +€541
up €541 (+721%), from €75 to €616
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,087 | €90,361 | -€8,725 | -8.8% |
| Fixed assets | 21/28 | €17,057 | €12,910 | -€4,147 | -24.3% |
| Tangible fixed assets | 22/27 | €17,057 | €12,910 | -€4,147 | -24.3% |
| Plant, machinery and equipment | 23 | €2,586 | €1,380 | -€1,206 | -46.6% |
| Furniture and vehicles | 24 | €8,932 | €6,564 | -€2,368 | -26.5% |
| Other tangible fixed assets | 26 | €5,540 | €4,966 | -€574 | -10.4% |
| Current assets | 29/58 | €82,030 | €77,452 | -€4,578 | -5.6% |
| Stocks and contracts in progress | 3 | €56,832 | €53,994 | -€2,838 | -5.0% |
| Stocks | 30/36 | €56,832 | €53,994 | -€2,838 | -5.0% |
| Amounts receivable within one year | 40/41 | €610 | €9,033 | +€8,423 | +1,381% |
| Trade receivables | 40 | €610 | €1,510 | +€900 | +148% |
| Other amounts receivable | 41 | - | €7,523 | +€7,523 | |
| Cash at bank and in hand | 54/58 | €24,471 | €11,524 | -€12,947 | -52.9% |
| Deferred charges and accrued income | 490/1 | €117 | €2,901 | +€2,784 | +2,377% |
| Total equity and liabilities | 10/49 | €99,087 | €90,361 | -€8,725 | -8.8% |
| Equity | 10/15 | €30,406 | €49,429 | +€19,023 | +62.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,406 | €39,429 | +€19,023 | +93.2% |
| Distributable reserves | 133 | €20,406 | €39,429 | +€19,023 | +93.2% |
| Amounts payable | 17/49 | €68,681 | €40,933 | -€27,748 | -40.4% |
| Amounts payable within one year | 42/48 | €68,505 | €38,335 | -€30,169 | -44.0% |
| Trade debts | 44 | €21,436 | €15,454 | -€5,982 | -27.9% |
| Suppliers | 440/4 | €21,436 | €15,454 | -€5,982 | -27.9% |
| Advances received on contracts in progress | 46 | - | €5,473 | +€5,473 | |
| Taxes, remuneration and social security | 45 | €18,275 | €17,407 | -€868 | -4.7% |
| Taxes | 450/3 | €18,275 | €17,407 | -€868 | -4.7% |
| Other amounts payable | 47/48 | €28,793 | €0 | -€28,793 | -100% |
| Accrued charges and deferred income | 492/3 | €176 | €2,598 | +€2,421 | +1,373% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,966 | €4,147 | +€2,182 | +111% |
| Other operating charges | 640/8 | €387 | €3,091 | +€2,704 | +698% |
| Gross operating margin | 9900 | €30,603 | €33,507 | +€2,904 | +9.5% |
| Operating profit (loss) | 9901 | €28,250 | €26,268 | -€1,982 | -7.0% |
| Financial income | 75/76B | €75 | €616 | +€541 | +721% |
| Recurring financial income | 75 | €75 | €616 | +€541 | +721% |
| Financial charges | 65/66B | €35 | €86 | +€51 | +146% |
| Recurring financial charges | 65 | €35 | €86 | +€51 | +146% |
| Profit (loss) for the period before taxes | 9903 | €28,290 | €26,798 | -€1,492 | -5.3% |
| Income taxes | 67/77 | €7,884 | €7,775 | -€109 | -1.4% |
| Profit (loss) for the period | 9904 | €20,406 | €19,023 | -€1,383 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,406 | €19,023 | -€1,383 | -6.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.