LoFac: 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.
LoFac
Largest movements
- Stocks and contracts +€41,880
up €41,880 (+88.8%), from €47,165 to €89,045
- Receivables within one year +€28,716
up €28,716 (+10.5%), from €273,002 to €301,718
of which Trade receivables: +€19,516
- Cash +€7,614
up €7,614 (+42.6%), from €17,862 to €25,476
mainly Other debts (+€189,515) and Short-term financial debts (+€100,000)
- Other debts +€189,515
new in 2025: €189,515
- Trade debts -€129,892
down €129,892 (-55.2%), from €235,340 to €105,448
- Short-term financial debts +€100,000
new in 2025: €100,000
- Current portion of long-term debt -€37,807
down €37,807 (-68.1%), from €55,542 to €17,735
- Profit (loss) carried forward -€24,607
down €24,607 (-28.3%), from €86,916 to €62,309
- Gross operating margin -€57,559
down €57,559 (-12.3%), from €469,501 to €411,942
- Financial income +€32,552
up €32,552 (+10122.8%), from €322 to €32,874
of which Non-recurring financial income: +€30,308
- Other operating charges +€22,045
up €22,045 (+899.6%), from €2,450 to €24,496
- Financial charges +€7,393
up €7,393 (+96.4%), from €7,667 to €15,060
of which Financial charges: +€5,035
- Taxes +€6,153
up €6,153 (+49.6%), from €12,403 to €18,556
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 | €458,357 | €538,680 | +€80,323 | +17.5% |
| Fixed assets | 21/28 | €113,914 | €116,881 | +€2,967 | +2.6% |
| Tangible fixed assets | 22/27 | €111,914 | €114,881 | +€2,967 | +2.7% |
| Land and buildings | 22 | €20,783 | €21,671 | +€888 | +4.3% |
| Plant, machinery and equipment | 23 | €50,768 | €49,751 | -€1,017 | -2.0% |
| Furniture and vehicles | 24 | €40,363 | €43,458 | +€3,095 | +7.7% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €344,443 | €421,799 | +€77,356 | +22.5% |
| Stocks and contracts in progress | 3 | €47,165 | €89,045 | +€41,880 | +88.8% |
| Stocks | 30/36 | €47,165 | €89,045 | +€41,880 | +88.8% |
| Amounts receivable within one year | 40/41 | €273,002 | €301,718 | +€28,716 | +10.5% |
| Trade receivables | 40 | €200,436 | €219,952 | +€19,516 | +9.7% |
| Other amounts receivable | 41 | €72,566 | €81,766 | +€9,200 | +12.7% |
| Cash at bank and in hand | 54/58 | €17,862 | €25,476 | +€7,614 | +42.6% |
| Deferred charges and accrued income | 490/1 | €6,414 | €5,561 | -€853 | -13.3% |
| Total equity and liabilities | 10/49 | €458,357 | €538,680 | +€80,323 | +17.5% |
| Equity | 10/15 | €91,916 | €67,309 | -€24,607 | -26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,916 | €62,309 | -€24,607 | -28.3% |
| Amounts payable | 17/49 | €366,441 | €471,371 | +€104,930 | +28.6% |
| Amounts payable after more than one year | 17 | €33,662 | €15,927 | -€17,735 | -52.7% |
| Financial debts | 170/4 | €33,662 | €15,927 | -€17,735 | -52.7% |
| Amounts payable within one year | 42/48 | €332,779 | €455,444 | +€122,665 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €55,542 | €17,735 | -€37,807 | -68.1% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €235,340 | €105,448 | -€129,892 | -55.2% |
| Suppliers | 440/4 | €235,340 | €105,448 | -€129,892 | -55.2% |
| Taxes, remuneration and social security | 45 | €41,897 | €42,746 | +€849 | +2.0% |
| Taxes | 450/3 | €10,903 | €3,144 | -€7,759 | -71.2% |
| Remuneration and social security | 454/9 | €30,995 | €39,603 | +€8,608 | +27.8% |
| Other amounts payable | 47/48 | - | €189,515 | +€189,515 | |
| Remuneration, social security and pensions | 62 | €367,414 | €369,294 | +€1,880 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,906 | €42,017 | -€2,889 | -6.4% |
| Other operating charges | 640/8 | €2,450 | €24,496 | +€22,045 | +899.6% |
| Gross operating margin | 9900 | €469,501 | €411,942 | -€57,559 | -12.3% |
| Operating profit (loss) | 9901 | €54,730 | -€23,865 | -€78,595 | |
| Financial income | 75/76B | €322 | €32,874 | +€32,552 | +10122.8% |
| Recurring financial income | 75 | €322 | €2,565 | +€2,244 | +697.7% |
| Non-recurring financial income | 76B | - | €30,308 | +€30,308 | |
| Financial charges | 65/66B | €7,667 | €15,060 | +€7,393 | +96.4% |
| Recurring financial charges | 65 | €7,667 | €12,702 | +€5,035 | +65.7% |
| Non-recurring financial charges | 66B | - | €2,359 | +€2,359 | |
| Profit (loss) for the period before taxes | 9903 | €47,385 | -€6,051 | -€53,436 | |
| Income taxes | 67/77 | €12,403 | €18,556 | +€6,153 | +49.6% |
| Profit (loss) for the period | 9904 | €34,982 | -€24,607 | -€59,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,982 | -€24,607 | -€59,589 |
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.