Loforte: what changed
Loforte
Largest movements
- Cash -€51,949
down €51,949 (-53.9%), from €96,362 to €44,412
mainly Contributions, distributions and other (-€200,000) and Stocks and contracts (-€28,000)
- Stocks and contracts +€28,000
up €28,000 (+165%), from €17,000 to €45,000
- Receivables within one year +€13,960
up €13,960 (+11.0%), from €126,495 to €140,454
of which Trade receivables: +€21,231
- Deferred charges and accrued income -€9,437
down €9,437 (-22.7%), from €41,578 to €32,142
- Tangible fixed assets -€6,184
down €6,184 (-26.1%), from €23,730 to €17,545
of which Furniture and vehicles: -€5,565
- Profit (loss) carried forward -€164,636
down €164,636 (-80.7%), from €204,117 to €39,481
- Other debts +€113,556
up €113,556 (+147%), from €77,133 to €190,689
- Tax, wage and social debts +€28,359
up €28,359 (+482%), from €5,888 to €34,247
of which Taxes: +€30,000
- Trade debts -€4,033
down €4,033 (-22.8%), from €17,709 to €13,677
- Gross operating margin +€30,156
up €30,156 (+41.7%), from €72,251 to €102,407
- Staff costs -€11,343
down €11,343 (-26.3%), from €43,116 to €31,773
- Taxes +€6,727
up €6,727 (+159%), from €4,218 to €10,945
- Other operating charges +€5,433
up €5,433 (+542%), from €1,003 to €6,436
- Depreciation +€1,521
up €1,521 (+16.0%), from €9,493 to €11,015
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,848 | €283,222 | -€26,626 | -8.6% |
| Fixed assets | 21/28 | €28,413 | €21,214 | -€7,199 | -25.3% |
| Tangible fixed assets | 22/27 | €23,730 | €17,545 | -€6,184 | -26.1% |
| Plant, machinery and equipment | 23 | €3,854 | €4,511 | +€657 | +17.1% |
| Furniture and vehicles | 24 | €17,011 | €11,445 | -€5,565 | -32.7% |
| Other tangible fixed assets | 26 | €2,865 | €1,588 | -€1,277 | -44.6% |
| Financial fixed assets | 28 | €4,684 | €3,669 | -€1,015 | -21.7% |
| Current assets | 29/58 | €281,435 | €262,009 | -€19,426 | -6.9% |
| Stocks and contracts in progress | 3 | €17,000 | €45,000 | +€28,000 | +165% |
| Stocks | 30/36 | €17,000 | €45,000 | +€28,000 | +165% |
| Amounts receivable within one year | 40/41 | €126,495 | €140,454 | +€13,960 | +11.0% |
| Trade receivables | 40 | €80,206 | €101,437 | +€21,231 | +26.5% |
| Other amounts receivable | 41 | €46,289 | €39,018 | -€7,271 | -15.7% |
| Cash at bank and in hand | 54/58 | €96,362 | €44,412 | -€51,949 | -53.9% |
| Deferred charges and accrued income | 490/1 | €41,578 | €32,142 | -€9,437 | -22.7% |
| Total equity and liabilities | 10/49 | €309,848 | €283,222 | -€26,626 | -8.6% |
| Equity | 10/15 | €209,117 | €44,481 | -€164,636 | -78.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,117 | €39,481 | -€164,636 | -80.7% |
| Amounts payable | 17/49 | €100,731 | €238,741 | +€138,010 | +137% |
| Amounts payable within one year | 42/48 | €100,731 | €238,741 | +€138,010 | +137% |
| Trade debts | 44 | €17,709 | €13,677 | -€4,033 | -22.8% |
| Suppliers | 440/4 | €17,709 | €13,677 | -€4,033 | -22.8% |
| Advances received on contracts in progress | 46 | - | €128 | +€128 | |
| Taxes, remuneration and social security | 45 | €5,888 | €34,247 | +€28,359 | +482% |
| Taxes | 450/3 | - | €30,000 | +€30,000 | |
| Remuneration and social security | 454/9 | €5,888 | €4,247 | -€1,641 | -27.9% |
| Other amounts payable | 47/48 | €77,133 | €190,689 | +€113,556 | +147% |
| Remuneration, social security and pensions | 62 | €43,116 | €31,773 | -€11,343 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,493 | €11,015 | +€1,521 | +16.0% |
| Other operating charges | 640/8 | €1,003 | €6,436 | +€5,433 | +542% |
| Gross operating margin | 9900 | €72,251 | €102,407 | +€30,156 | +41.7% |
| Operating profit (loss) | 9901 | €18,638 | €53,183 | +€34,545 | +185% |
| Financial income | 75/76B | €545 | €163 | -€383 | -70.2% |
| Recurring financial income | 75 | €545 | €163 | -€383 | -70.2% |
| Financial charges | 65/66B | €7,583 | €7,037 | -€547 | -7.2% |
| Recurring financial charges | 65 | €7,583 | €7,037 | -€547 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €11,601 | €46,310 | +€34,709 | +299% |
| Income taxes | 67/77 | €4,218 | €10,945 | +€6,727 | +159% |
| Profit (loss) for the period | 9904 | €7,382 | €35,364 | +€27,982 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €7,382 | €35,364 | +€27,982 | +379% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.