LOIX-RAETS MANAGEMENT SERVICES: 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.
LOIX-RAETS MANAGEMENT SERVICES
Largest movements
- Deferred charges and accrued income +€50,049
up €50,049 (+2,465%), from €2,030 to €52,079
- Tangible fixed assets +€23,452
up €23,452 (+6.6%), from €355,362 to €378,814
of which Furniture and vehicles: +€20,092
- Cash +€7,361
up €7,361 (+69.2%), from €10,636 to €17,997
mainly Net result for the year (+€64,633) and Advances received (+€51,943)
- Reserves +€64,633
up €64,633 (+75.4%), from €85,683 to €150,316
of which Distributable reserves: +€64,633
- Advances received +€51,943
up €51,943 (+55.8%), from €93,135 to €145,078
- Current portion of long-term debt -€45,047
no longer reported in 2024 (was €45,047)
- Tax, wage and social debts +€25,404
up €25,404 (+126%), from €20,171 to €45,575
- Trade debts -€13,777
down €13,777 (-19.0%), from €72,604 to €58,827
- Gross operating margin +€28,180
up €28,180 (+31.3%), from €90,067 to €118,247
- Taxes -€22,537
down €22,537 (-47.0%), from €47,974 to €25,437
- Financial charges -€7,919
down €7,919, from €1,229 to -€6,689
- Depreciation +€3,967
up €3,967 (+14.9%), from €26,564 to €30,531
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €555,367 | €638,523 | +€83,156 | +15.0% |
| Fixed assets | 21/28 | €365,908 | €389,360 | +€23,452 | +6.4% |
| Tangible fixed assets | 22/27 | €355,362 | €378,814 | +€23,452 | +6.6% |
| Land and buildings | 22 | €352,667 | €344,240 | -€8,427 | -2.4% |
| Plant, machinery and equipment | 23 | - | €5,381 | +€5,381 | |
| Furniture and vehicles | 24 | - | €20,092 | +€20,092 | |
| Other tangible fixed assets | 26 | €2,695 | €9,101 | +€6,406 | +238% |
| Financial fixed assets | 28 | €10,546 | €10,546 | = | 0.0% |
| Current assets | 29/58 | €189,459 | €249,162 | +€59,704 | +31.5% |
| Stocks and contracts in progress | 3 | €17,335 | €17,335 | = | 0.0% |
| Stocks | 30/36 | €17,335 | €17,335 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €159,453 | €161,747 | +€2,295 | +1.4% |
| Trade receivables | 40 | €127,852 | €123,547 | -€4,305 | -3.4% |
| Other amounts receivable | 41 | €31,601 | €38,201 | +€6,600 | +20.9% |
| Current investments | 50/53 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,636 | €17,997 | +€7,361 | +69.2% |
| Deferred charges and accrued income | 490/1 | €2,030 | €52,079 | +€50,049 | +2,465% |
| Total equity and liabilities | 10/49 | €555,367 | €638,523 | +€83,156 | +15.0% |
| Equity | 10/15 | €323,764 | €388,396 | +€64,633 | +20.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €85,683 | €150,316 | +€64,633 | +75.4% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €83,183 | €147,816 | +€64,633 | +77.7% |
| Profit (loss) carried forward | 14 | €213,081 | €213,081 | = | 0.0% |
| Amounts payable | 17/49 | €231,603 | €250,126 | +€18,523 | +8.0% |
| Amounts payable within one year | 42/48 | €231,603 | €250,126 | +€18,523 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €45,047 | - | -€45,047 | |
| Trade debts | 44 | €72,604 | €58,827 | -€13,777 | -19.0% |
| Suppliers | 440/4 | €72,604 | €58,827 | -€13,777 | -19.0% |
| Advances received on contracts in progress | 46 | €93,135 | €145,078 | +€51,943 | +55.8% |
| Taxes, remuneration and social security | 45 | €20,171 | €45,575 | +€25,404 | +126% |
| Taxes | 450/3 | €20,171 | €45,575 | +€25,404 | +126% |
| Other amounts payable | 47/48 | €647 | €647 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,564 | €30,531 | +€3,967 | +14.9% |
| Other operating charges | 640/8 | €5,267 | €4,336 | -€931 | -17.7% |
| Gross operating margin | 9900 | €90,067 | €118,247 | +€28,180 | +31.3% |
| Operating profit (loss) | 9901 | €58,237 | €83,380 | +€25,143 | +43.2% |
| Financial charges | 65/66B | €1,229 | -€6,689 | -€7,919 | |
| Recurring financial charges | 65 | €1,229 | -€6,689 | -€7,919 | |
| Profit (loss) for the period before taxes | 9903 | €57,008 | €90,070 | +€33,062 | +58.0% |
| Income taxes | 67/77 | €47,974 | €25,437 | -€22,537 | -47.0% |
| Profit (loss) for the period | 9904 | €9,034 | €64,633 | +€55,598 | +615% |
| Profit (loss) for the period to be appropriated | 9905 | €9,034 | €64,633 | +€55,598 | +615% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.