LOIRA: what changed
Two fiscal 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.
LOIRA
Largest movements
- Receivables after one year +€65,457
up €65,457 (+40.1%), from €163,093 to €228,550
- Tangible fixed assets -€50,771
down €50,771 (-7.1%), from €712,425 to €661,654
of which Land and buildings: -€46,503
- Cash -€20,443
down €20,443 (-70.5%), from €29,006 to €8,564
mainly Receivables after one year (-€65,457) and Debts after one year (-€57,958)
- Current portion of long-term debt +€65,750
up €65,750 (+176.7%), from €37,208 to €102,958
- Debts after one year -€57,958
down €57,958 (-6.5%), from €888,816 to €830,858
- Profit (loss) carried forward -€10,566
down €10,566 (-163.0%), from -€6,483 to -€17,049
- Trade debts -€9,489
down €9,489 (-49.5%), from €19,182 to €9,693
- Gross operating margin -€28,243
down €28,243 (-22.4%), from €126,005 to €97,763
- Staff costs -€12,429
down €12,429 (-27.1%), from €45,935 to €33,506
- Financial charges +€1,929
up €1,929 (+9.2%), from €21,063 to €22,992
- Depreciation -€1,546
down €1,546 (-2.8%), from €55,941 to €54,395
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 | €945,482 | €933,480 | -€12,002 | -1.3% |
| Fixed assets | 21/28 | €712,665 | €661,894 | -€50,771 | -7.1% |
| Tangible fixed assets | 22/27 | €712,425 | €661,654 | -€50,771 | -7.1% |
| Land and buildings | 22 | €664,716 | €618,214 | -€46,503 | -7.0% |
| Plant, machinery and equipment | 23 | €37,903 | €35,974 | -€1,929 | -5.1% |
| Furniture and vehicles | 24 | €9,805 | €7,466 | -€2,339 | -23.9% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €232,817 | €271,586 | +€38,769 | +16.7% |
| Amounts receivable after more than one year | 29 | €163,093 | €228,550 | +€65,457 | +40.1% |
| Other amounts receivable | 291 | €163,093 | €228,550 | +€65,457 | +40.1% |
| Stocks and contracts in progress | 3 | €24,200 | €23,615 | -€584 | -2.4% |
| Stocks | 30/36 | €24,200 | €23,615 | -€584 | -2.4% |
| Amounts receivable within one year | 40/41 | €16,518 | €10,856 | -€5,662 | -34.3% |
| Trade receivables | 40 | €16,140 | €10,856 | -€5,284 | -32.7% |
| Other amounts receivable | 41 | €377 | - | -€377 | |
| Cash at bank and in hand | 54/58 | €29,006 | €8,564 | -€20,443 | -70.5% |
| Total equity and liabilities | 10/49 | €945,482 | €933,480 | -€12,002 | -1.3% |
| Equity | 10/15 | -€283 | -€10,849 | -€10,566 | -3729.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,483 | -€17,049 | -€10,566 | -163.0% |
| Amounts payable | 17/49 | €945,765 | €944,329 | -€1,436 | -0.2% |
| Amounts payable after more than one year | 17 | €888,816 | €830,858 | -€57,958 | -6.5% |
| Financial debts | 170/4 | €888,816 | €830,858 | -€57,958 | -6.5% |
| Amounts payable within one year | 42/48 | €56,949 | €113,471 | +€56,522 | +99.2% |
| Current portion of amounts payable after more than one year | 42 | €37,208 | €102,958 | +€65,750 | +176.7% |
| Trade debts | 44 | €19,182 | €9,693 | -€9,489 | -49.5% |
| Suppliers | 440/4 | €19,182 | €9,693 | -€9,489 | -49.5% |
| Taxes, remuneration and social security | 45 | €560 | €820 | +€260 | +46.5% |
| Remuneration and social security | 454/9 | €560 | €820 | +€260 | +46.5% |
| Remuneration, social security and pensions | 62 | €45,935 | €33,506 | -€12,429 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,941 | €54,395 | -€1,546 | -2.8% |
| Other operating charges | 640/8 | €4,791 | €3,936 | -€855 | -17.8% |
| Gross operating margin | 9900 | €126,005 | €97,763 | -€28,243 | -22.4% |
| Operating profit (loss) | 9901 | €19,339 | €5,926 | -€13,413 | -69.4% |
| Financial income | 75/76B | €6,750 | €6,501 | -€249 | -3.7% |
| Recurring financial income | 75 | €6,750 | €6,501 | -€249 | -3.7% |
| Financial charges | 65/66B | €21,063 | €22,992 | +€1,929 | +9.2% |
| Recurring financial charges | 65 | €21,063 | €22,992 | +€1,929 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €5,027 | -€10,566 | -€15,592 | |
| Profit (loss) for the period | 9904 | €5,027 | -€10,566 | -€15,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,027 | -€10,566 | -€15,592 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.