LOJU: 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.
LOJU
Largest movements
- Current investments -€11.5m
down €11.5m (-24.4%), from €47.1m to €35.6m
- Receivables within one year +€8.2m
up €8.2m (+928.4%), from €885,542 to €9.1m
- Tangible fixed assets +€1.9m
new in 2025: €1.9m
- Financial fixed assets +€1.4m
up €1.4m (+6.3%), from €22.8m to €24.2m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€59.2m
down €59.2m (-98.3%), from €60.2m to €994,690
of which Non-recurring financial income: -€60.0m
- Financial charges -€125,636
down €125,636 (-30.4%), from €412,759 to €287,123
- Depreciation +€83,458
up €83,458, from €0 to €83,458
- Taxes +€50,527
new in 2025: €50,527
- Gross operating margin -€14,360
down €14,360 (-15.0%), from -€95,997 to -€110,357
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 | €71,567,378 | €72,017,372 | +€449,994 | +0.6% |
| Fixed assets | 21/28 | €22,777,814 | €26,132,158 | +€3.4m | +14.7% |
| Tangible fixed assets | 22/27 | - | €1,908,979 | +€1.9m | |
| Plant, machinery and equipment | 23 | - | €1,908,979 | +€1.9m | |
| Financial fixed assets | 28 | €22,777,814 | €24,223,179 | +€1.4m | +6.3% |
| Current assets | 29/58 | €48,789,564 | €45,885,214 | -€2.9m | -6.0% |
| Amounts receivable within one year | 40/41 | €885,542 | €9,106,933 | +€8.2m | +928.4% |
| Other amounts receivable | 41 | €885,542 | €9,106,933 | +€8.2m | +928.4% |
| Current investments | 50/53 | €47,100,949 | €35,591,695 | -€11.5m | -24.4% |
| Cash at bank and in hand | 54/58 | €790,522 | €1,056,235 | +€265,713 | +33.6% |
| Deferred charges and accrued income | 490/1 | €12,552 | €130,351 | +€117,799 | +938.5% |
| Total equity and liabilities | 10/49 | €71,567,378 | €72,017,372 | +€449,994 | +0.6% |
| Equity | 10/15 | €65,555,034 | €66,017,071 | +€462,038 | +0.7% |
| Contributions | 10/11 | €6,000,000 | €6,000,000 | = | 0.0% |
| Reserves | 13 | €59,555,034 | €60,017,071 | +€462,038 | +0.8% |
| Distributable reserves | 133 | €59,555,034 | €60,017,071 | +€462,038 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,012,344 | €6,000,301 | -€12,044 | -0.2% |
| Amounts payable after more than one year | 17 | €6,000,000 | €6,000,000 | = | 0.0% |
| Financial debts | 170/4 | €6,000,000 | €6,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,344 | €301 | -€12,044 | -97.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €290 | €301 | +€11 | +3.7% |
| Suppliers | 440/4 | €290 | €301 | +€11 | +3.7% |
| Other amounts payable | 47/48 | €12,054 | €0 | -€12,054 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €83,458 | +€83,458 | |
| Other operating charges | 640/8 | €623 | €1,188 | +€565 | +90.7% |
| Gross operating margin | 9900 | -€95,997 | -€110,357 | -€14,360 | -15.0% |
| Operating profit (loss) | 9901 | -€96,621 | -€195,004 | -€98,383 | -101.8% |
| Financial income | 75/76B | €60,211,724 | €994,690 | -€59.2m | -98.3% |
| Recurring financial income | 75 | €192,955 | €994,690 | +€801,736 | +415.5% |
| Non-recurring financial income | 76B | €60,018,769 | €0 | -€60.0m | -100.0% |
| Financial charges | 65/66B | €412,759 | €287,123 | -€125,636 | -30.4% |
| Recurring financial charges | 65 | €412,759 | €287,123 | -€125,636 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €59,702,344 | €512,564 | -€59.2m | -99.1% |
| Income taxes | 67/77 | - | €50,527 | +€50,527 | |
| Profit (loss) for the period | 9904 | €59,702,344 | €462,038 | -€59.2m | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,702,344 | €462,038 | -€59.2m | -99.2% |
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 4 October 2026 via checked.be.