LOISEAU: 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.
LOISEAU
Largest movements
- Cash -€24,020
down €24,020 (-11.0%), from €217,899 to €193,879
mainly Contributions, distributions and other (-€137,318) and Investment in fixed assets (net) (-€47,082)
- Tangible fixed assets +€10,448
up €10,448 (+1.7%), from €619,873 to €630,321
of which Furniture and vehicles: +€19,428
- Other debts +€124,726
up €124,726 (+991%), from €12,592 to €137,318
- Reserves -€64,610
down €64,610 (-19.4%), from €333,652 to €269,042
of which Distributable reserves: -€64,610
- Debts after one year -€46,890
down €46,890 (-10.3%), from €456,679 to €409,789
- Tax, wage and social debts -€27,798
down €27,798 (-71.5%), from €38,874 to €11,076
- Gross operating margin +€24,377
up €24,377 (+17.1%), from €142,601 to €166,978
- Financial charges +€10,915
up €10,915 (+152%), from €7,204 to €18,119
- Depreciation +€5,684
up €5,684 (+18.4%), from €30,950 to €36,634
- Taxes +€2,272
up €2,272 (+6.6%), from €34,390 to €36,662
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.
Derived cash bridge
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 | €946,180 | €937,145 | -€9,035 | -1.0% |
| Fixed assets | 21/28 | €619,873 | €630,321 | +€10,448 | +1.7% |
| Tangible fixed assets | 22/27 | €619,873 | €630,321 | +€10,448 | +1.7% |
| Land and buildings | 22 | €78,760 | €72,491 | -€6,269 | -8.0% |
| Furniture and vehicles | 24 | €9,612 | €29,040 | +€19,428 | +202% |
| Other tangible fixed assets | 26 | €531,501 | €528,790 | -€2,711 | -0.5% |
| Current assets | 29/58 | €326,307 | €306,824 | -€19,483 | -6.0% |
| Amounts receivable within one year | 40/41 | €26,014 | €26,635 | +€621 | +2.4% |
| Trade receivables | 40 | €15,835 | €21,499 | +€5,664 | +35.8% |
| Other amounts receivable | 41 | €10,179 | €5,136 | -€5,043 | -49.5% |
| Current investments | 50/53 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €217,899 | €193,879 | -€24,020 | -11.0% |
| Deferred charges and accrued income | 490/1 | €2,394 | €6,310 | +€3,916 | +164% |
| Total equity and liabilities | 10/49 | €946,180 | €937,145 | -€9,035 | -1.0% |
| Equity | 10/15 | €366,390 | €301,780 | -€64,610 | -17.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €333,652 | €269,042 | -€64,610 | -19.4% |
| Tax-exempt reserves | 132 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €308,652 | €244,042 | -€64,610 | -20.9% |
| Profit (loss) carried forward | 14 | €26,541 | €26,541 | = | 0.0% |
| Amounts payable | 17/49 | €579,790 | €635,365 | +€55,575 | +9.6% |
| Amounts payable after more than one year | 17 | €456,679 | €409,789 | -€46,890 | -10.3% |
| Financial debts | 170/4 | €456,679 | €409,789 | -€46,890 | -10.3% |
| Amounts payable within one year | 42/48 | €122,986 | €225,524 | +€102,538 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €71,299 | €76,278 | +€4,979 | +7.0% |
| Trade debts | 44 | €221 | €852 | +€631 | +286% |
| Suppliers | 440/4 | €221 | €852 | +€631 | +286% |
| Taxes, remuneration and social security | 45 | €38,874 | €11,076 | -€27,798 | -71.5% |
| Taxes | 450/3 | €38,874 | €11,076 | -€27,798 | -71.5% |
| Other amounts payable | 47/48 | €12,592 | €137,318 | +€124,726 | +991% |
| Accrued charges and deferred income | 492/3 | €125 | €52 | -€73 | -58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,950 | €36,634 | +€5,684 | +18.4% |
| Other operating charges | 640/8 | €6,394 | €7,773 | +€1,379 | +21.6% |
| Gross operating margin | 9900 | €142,601 | €166,978 | +€24,377 | +17.1% |
| Operating profit (loss) | 9901 | €105,257 | €122,571 | +€17,314 | +16.4% |
| Financial income | 75/76B | €3,339 | €4,918 | +€1,579 | +47.3% |
| Recurring financial income | 75 | €3,339 | €4,918 | +€1,579 | +47.3% |
| Financial charges | 65/66B | €7,204 | €18,119 | +€10,915 | +152% |
| Recurring financial charges | 65 | €7,204 | €18,119 | +€10,915 | +152% |
| Profit (loss) for the period before taxes | 9903 | €101,392 | €109,370 | +€7,978 | +7.9% |
| Income taxes | 67/77 | €34,390 | €36,662 | +€2,272 | +6.6% |
| Profit (loss) for the period | 9904 | €67,002 | €72,708 | +€5,706 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,002 | €72,708 | +€5,706 | +8.5% |
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 14 October 2026 via checked.be.