LOFICO: 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.
LOFICO
Largest movements
- Receivables after one year +€121,280
new in 2025: €121,280
- Receivables within one year +€74,415
up €74,415 (+511.6%), from €14,544 to €88,959
of which Other amounts receivable: +€58,213
- Cash -€12,495
down €12,495 (-25.6%), from €48,843 to €36,348
mainly Receivables after one year (-€121,280) and Receivables within one year (-€74,415)
- Tangible fixed assets +€5,040
up €5,040 (+18.1%), from €27,783 to €32,822
of which Other tangible fixed assets: +€8,584
- Debts after one year +€76,581
new in 2025: €76,581
- Reserves +€75,220
up €75,220 (+137.6%), from €54,660 to €129,879
- Current portion of long-term debt +€29,150
new in 2025: €29,150
- Tax, wage and social debts +€20,915
up €20,915 (+97.4%), from €21,484 to €42,399
- Other debts -€14,694
no longer reported in 2025 (was €14,694)
- Gross operating margin +€29,169
up €29,169 (+40.1%), from €72,823 to €101,992
- Taxes +€6,401
up €6,401 (+45.7%), from €14,019 to €20,421
- Depreciation +€3,025
up €3,025 (+78.3%), from €3,864 to €6,889
- Financial income +€2,857
new in 2025: €2,857
- Financial charges +€1,849
up €1,849 (+6162.5%), from €30 to €1,879
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 | €93,199 | €281,488 | +€188,289 | +202.0% |
| Fixed assets | 21/28 | €27,783 | €32,822 | +€5,040 | +18.1% |
| Tangible fixed assets | 22/27 | €27,783 | €32,822 | +€5,040 | +18.1% |
| Plant, machinery and equipment | 23 | €1,510 | €2,987 | +€1,477 | +97.8% |
| Furniture and vehicles | 24 | €21,858 | €16,837 | -€5,021 | -23.0% |
| Other tangible fixed assets | 26 | €4,414 | €12,998 | +€8,584 | +194.5% |
| Current assets | 29/58 | €65,416 | €248,665 | +€183,249 | +280.1% |
| Amounts receivable after more than one year | 29 | - | €121,280 | +€121,280 | |
| Other amounts receivable | 291 | - | €121,280 | +€121,280 | |
| Amounts receivable within one year | 40/41 | €14,544 | €88,959 | +€74,415 | +511.6% |
| Trade receivables | 40 | €14,157 | €30,359 | +€16,202 | +114.4% |
| Other amounts receivable | 41 | €387 | €58,600 | +€58,213 | +15028.8% |
| Cash at bank and in hand | 54/58 | €48,843 | €36,348 | -€12,495 | -25.6% |
| Deferred charges and accrued income | 490/1 | €2,029 | €2,078 | +€49 | +2.4% |
| Total equity and liabilities | 10/49 | €93,199 | €281,488 | +€188,289 | +202.0% |
| Equity | 10/15 | €56,160 | €131,379 | +€75,220 | +133.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €54,660 | €129,879 | +€75,220 | +137.6% |
| Distributable reserves | 133 | €54,660 | €129,879 | +€75,220 | +137.6% |
| Amounts payable | 17/49 | €37,039 | €150,108 | +€113,069 | +305.3% |
| Amounts payable after more than one year | 17 | - | €76,581 | +€76,581 | |
| Financial debts | 170/4 | - | €76,581 | +€76,581 | |
| Amounts payable within one year | 42/48 | €36,399 | €72,903 | +€36,504 | +100.3% |
| Current portion of amounts payable after more than one year | 42 | - | €29,150 | +€29,150 | |
| Trade debts | 44 | €222 | €1,354 | +€1,132 | +509.8% |
| Suppliers | 440/4 | €222 | €1,354 | +€1,132 | +509.8% |
| Taxes, remuneration and social security | 45 | €21,484 | €42,399 | +€20,915 | +97.4% |
| Taxes | 450/3 | €21,484 | €42,399 | +€20,915 | +97.4% |
| Other amounts payable | 47/48 | €14,694 | - | -€14,694 | |
| Accrued charges and deferred income | 492/3 | €640 | €624 | -€16 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,864 | €6,889 | +€3,025 | +78.3% |
| Other operating charges | 640/8 | €250 | €441 | +€191 | +76.6% |
| Gross operating margin | 9900 | €72,823 | €101,992 | +€29,169 | +40.1% |
| Operating profit (loss) | 9901 | €68,709 | €94,662 | +€25,953 | +37.8% |
| Financial income | 75/76B | - | €2,857 | +€2,857 | |
| Recurring financial income | 75 | - | €2,857 | +€2,857 | |
| Financial charges | 65/66B | €30 | €1,879 | +€1,849 | +6162.5% |
| Recurring financial charges | 65 | €30 | €1,879 | +€1,849 | +6162.5% |
| Profit (loss) for the period before taxes | 9903 | €68,679 | €95,640 | +€26,961 | +39.3% |
| Income taxes | 67/77 | €14,019 | €20,421 | +€6,401 | +45.7% |
| Profit (loss) for the period | 9904 | €54,660 | €75,220 | +€20,560 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,660 | €75,220 | +€20,560 | +37.6% |
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 12 October 2026 via checked.be.