LOJEGA: 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.
What changed
LOJEGA
NACE 68.202, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€258,343
2024 · -€779,561+€1.0m
Equity
€62.9m
2024 · -+€62.9m
Cash
€7.6m
2024 · €9.6m-€2.0m
Balance sheet total
€163.3m
2024 · €154.0m+€9.4m
Largest movements
Assets
- Tangible fixed assets +€9.5m
up €9.5m (+6.8%), from €140.3m to €149.8m
of which Land and buildings: +€5.7m
- Cash -€2.0m
down €2.0m (-21.2%), from €9.6m to €7.6m
mainly Investment in fixed assets (net) (-€17.2m) and Deferred charges and accrued income (-€919,776)
Equity and liabilities
- Total equity and liabilities +€9.4m
up €9.4m (+6.1%), from €154.0m to €163.3m
of which Equity: +€62.9m
Income statement
- Financial income +€1.9m
new in 2025: €1.9m
- Turnover +€1.2m
up €1.2m (+6.7%), from €17.7m to €18.9m
- Staff costs +€649,657
up €649,657 (+8.3%), from €7.8m to €8.4m
- Services and other goods -€411,485
down €411,485 (-5.7%), from €7.2m to €6.8m
- Depreciation +€401,700
up €401,700 (+5.6%), from €7.1m to €7.6m
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.
Result 2024
-€779,561
Turnover
+€1.2m
Other operating income
+€148,896
Goods and materials
+€207,613
Services and other goods
+€411,485
Staff costs
-€649,657
Depreciation
-€401,700
Write-downs
+€44,903
Provisions
-€12,016
Other operating charges
+€99,811
Other operating items
-€123,048
Financial income
+€1.9m
Financial charges
+€192,196
Other financial items
-€2.0m
Taxes
-€68
Deferred taxes and other
+€5,306
Result 2025
€258,343
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€15.4m
Investment
-€17.2m
Financing
-€258,343
Cash 2024
€9.6m
From operations (derived)
+€15.4m
Net result for the year
+€258,343
Depreciation
+€7.6m
Stocks and contracts
-€35,220
Receivables within one year
-€812,889
Deferred charges and accrued income
-€919,776
Total equity and liabilities
+€9.4m
Investment (derived)
-€17.2m
Investment in fixed assets (net)
-€17.2m
Current investments
-€0
Financing
-€258,343
Contributions, distributions and other
-€258,343
Not broken down
+€1
Cash 2025
€7.6m
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,965,883 | €163,324,307 | +€9.4m | +6.1% |
| Fixed assets | 21/28 | €140,323,799 | €149,962,381 | +€9.6m | +6.9% |
| Intangible fixed assets | 21 | €0 | €119,846 | +€119,846 | |
| Tangible fixed assets | 22/27 | €140,323,799 | €149,842,535 | +€9.5m | +6.8% |
| Land and buildings | 22 | €127,657,088 | €133,397,676 | +€5.7m | +4.5% |
| Plant, machinery and equipment | 23 | €21,356 | €24,319 | +€2,963 | +13.9% |
| Furniture and vehicles | 24 | €185,090 | €145,062 | -€40,028 | -21.6% |
| Leasing and similar rights | 25 | €169,299 | €162,803 | -€6,496 | -3.8% |
| Other tangible fixed assets | 26 | €28,380 | €26,523 | -€1,857 | -6.5% |
| Assets under construction and advance payments | 27 | €12,262,588 | €16,086,153 | +€3.8m | +31.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €13,642,084 | €13,361,926 | -€280,158 | -2.1% |
| Stocks and contracts in progress | 3 | €314,745 | €349,965 | +€35,220 | +11.2% |
| Stocks | 30/36 | €314,745 | €349,965 | +€35,220 | +11.2% |
| Raw materials and consumables | 30/31 | €314,745 | €349,965 | +€35,220 | +11.2% |
| Amounts receivable within one year | 40/41 | €3,384,043 | €4,196,932 | +€812,889 | +24.0% |
| Trade receivables | 40 | €1,365,748 | €1,192,913 | -€172,835 | -12.7% |
| Other amounts receivable | 41 | €2,018,295 | €3,004,019 | +€985,724 | +48.8% |
| Current investments | 50/53 | €1,817 | €1,817 | +€0 | 0.0% |
| Own shares | 50 | - | €0 | = | |
| Other investments | 51/53 | €1,817 | €1,817 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €9,643,611 | €7,595,569 | -€2.0m | -21.2% |
| Deferred charges and accrued income | 490/1 | €297,867 | €1,217,643 | +€919,776 | +309% |
| Total equity and liabilities | 10/49 | €153,965,883 | €163,324,307 | +€9.4m | +6.1% |
| Equity | 10/15 | - | €62,852,638 | +€62.9m | |
| Contributions | 10/11 | €73,388 | €108,230 | +€34,842 | +47.5% |
| Reserves | 13 | €18,809,238 | €19,032,615 | +€223,377 | +1.2% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Distributable reserves | 133 | €18,809,238 | €19,032,615 | +€223,377 | +1.2% |
| Investment grants | 15 | €41,008,498 | €43,711,792 | +€2.7m | +6.6% |
| Provisions and deferred taxes | 16 | - | €8,641,836 | +€8.6m | |
| Provisions for liabilities and charges | 160/5 | €6,634,174 | €6,465,482 | -€168,692 | -2.5% |
| Major repairs and maintenance | 162 | €6,534,174 | €6,315,482 | -€218,692 | -3.3% |
| Other liabilities and charges | 164/5 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Deferred taxes | 168 | €2,158,342 | €2,176,355 | +€18,013 | +0.8% |
| Amounts payable | 17/49 | €85,282,242 | €91,829,833 | +€6.5m | +7.7% |
| Amounts payable after more than one year | 17 | €75,972,986 | €81,200,079 | +€5.2m | +6.9% |
| Financial debts | 170/4 | €75,777,612 | €81,045,421 | +€5.3m | +7.0% |
| Credit institutions | 173 | €75,777,612 | €81,045,421 | +€5.3m | +7.0% |
| Other amounts payable | 178/9 | €195,375 | €154,658 | -€40,717 | -20.8% |
| Amounts payable within one year | 42/48 | €7,439,103 | €8,425,838 | +€986,735 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €3,536,047 | €3,850,550 | +€314,503 | +8.9% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €2,821,035 | €3,384,233 | +€563,198 | +20.0% |
| Suppliers | 440/4 | €2,821,035 | €3,384,233 | +€563,198 | +20.0% |
| Advances received on contracts in progress | 46 | €7,824 | €104,155 | +€96,331 | +1,231% |
| Taxes, remuneration and social security | 45 | €823,741 | €931,570 | +€107,829 | +13.1% |
| Taxes | 450/3 | €141,038 | €180,762 | +€39,724 | +28.2% |
| Remuneration and social security | 454/9 | €682,703 | €750,808 | +€68,105 | +10.0% |
| Other amounts payable | 47/48 | €250,456 | €155,331 | -€95,125 | -38.0% |
| Accrued charges and deferred income | 492/3 | €1,870,153 | €2,203,916 | +€333,763 | +17.8% |
| Operating income | 70/76A | €23,391,941 | €24,614,651 | +€1.2m | +5.2% |
| Turnover | 70 | €17,743,251 | €18,940,918 | +€1.2m | +6.7% |
| Own construction capitalised | 72 | €1,072,589 | €944,473 | -€128,116 | -11.9% |
| Other operating income | 74 | €4,565,793 | €4,714,689 | +€148,896 | +3.3% |
| Non-recurring operating income | 76A | €10,308 | €14,570 | +€4,262 | +41.3% |
| Operating charges | 60/66A | €24,958,323 | €25,257,078 | +€298,755 | +1.2% |
| Goods for resale, raw materials and consumables | 60 | €541,995 | €334,382 | -€207,613 | -38.3% |
| Purchases | 600/8 | - | €369,601 | +€369,601 | |
| Change in stocks: decrease (increase) | 609 | €54,141 | -€35,219 | -€89,360 | |
| Services and other goods | 61 | €7,162,008 | €6,750,523 | -€411,485 | -5.7% |
| Remuneration, social security and pensions | 62 | €7,790,922 | €8,440,579 | +€649,657 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,149,136 | €7,550,836 | +€401,700 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,900 | -€1,003 | -€44,903 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€180,708 | -€168,692 | +€12,016 | +6.6% |
| Other operating charges | 640/8 | €2,450,179 | €2,350,368 | -€99,811 | -4.1% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Non-recurring operating charges | 66A | €891 | €85 | -€806 | -90.5% |
| Operating profit (loss) | 9901 | -€1,566,382 | -€642,427 | +€923,955 | +59.0% |
| Financial income | 75/76B | - | €1,898,198 | +€1.9m | |
| Recurring financial income | 75 | €1,981,683 | €1,898,198 | -€83,485 | -4.2% |
| Income from current assets | 751 | €313,959 | €120,713 | -€193,246 | -61.6% |
| Other financial income | 752/9 | €1,667,724 | €1,777,486 | +€109,762 | +6.6% |
| Financial charges | 65/66B | €1,282,637 | €1,090,441 | -€192,196 | -15.0% |
| Recurring financial charges | 65 | €1,282,637 | €1,090,441 | -€192,196 | -15.0% |
| Debt charges | 650 | €1,279,342 | €1,087,367 | -€191,975 | -15.0% |
| Other financial charges | 652/9 | €3,295 | €3,074 | -€221 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€867,336 | €165,330 | +€1.0m | |
| Transfer from deferred taxes | 780 | €87,775 | €93,081 | +€5,306 | +6.0% |
| Income taxes | 67/77 | - | €68 | +€68 | |
| Taxes | 670/3 | - | €68 | +€68 | |
| Profit (loss) for the period | 9904 | -€779,561 | €258,343 | +€1.0m | |
| Transfer from tax-exempt reserves | 789 | €441,458 | - | -€441,458 | |
| Profit (loss) for the period to be appropriated | 9905 | -€338,103 | €258,343 | +€596,446 |
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 29 October 2026 via checked.be.