LOMAX: 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.
LOMAX
Largest movements
- Stocks and contracts -€221,741
down €221,741 (-58.6%), from €378,279 to €156,538
- Receivables within one year -€15,146
down €15,146 (-22.1%), from €68,541 to €53,395
of which Other amounts receivable: -€46,777
- Tangible fixed assets -€13,603
down €13,603 (-4.2%), from €323,912 to €310,310
of which Land and buildings: -€22,000
- Trade debts -€168,456
down €168,456 (-65.2%), from €258,218 to €89,763
- Reserves -€50,491
down €50,491 (-63.4%), from €79,629 to €29,139
- Profit (loss) carried forward -€41,356
down €41,356, from €0 to -€41,356
- Debts after one year -€22,085
down €22,085 (-6.6%), from €333,947 to €311,863
- Other debts +€19,215
new in 2025: €19,215
- Gross operating margin -€121,252
down €121,252 (-43.7%), from €277,337 to €156,085
- Staff costs -€47,025
down €47,025 (-23.9%), from €196,495 to €149,470
- Financial charges -€8,308
down €8,308 (-39.8%), from €20,849 to €12,541
- Taxes -€5,484
down €5,484 (-82.2%), from €6,670 to €1,187
- Financial income +€2,939
up €2,939 (+635%), from €463 to €3,402
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 | €800,491 | €539,460 | -€261,031 | -32.6% |
| Fixed assets | 21/28 | €332,407 | €317,515 | -€14,892 | -4.5% |
| Intangible fixed assets | 21 | €8,495 | €7,206 | -€1,289 | -15.2% |
| Tangible fixed assets | 22/27 | €323,912 | €310,310 | -€13,603 | -4.2% |
| Land and buildings | 22 | €308,000 | €286,000 | -€22,000 | -7.1% |
| Plant, machinery and equipment | 23 | €15,302 | €10,697 | -€4,605 | -30.1% |
| Furniture and vehicles | 24 | €610 | €13,612 | +€13,002 | +2,131% |
| Current assets | 29/58 | €468,084 | €221,944 | -€246,139 | -52.6% |
| Stocks and contracts in progress | 3 | €378,279 | €156,538 | -€221,741 | -58.6% |
| Stocks | 30/36 | €378,279 | €156,538 | -€221,741 | -58.6% |
| Amounts receivable within one year | 40/41 | €68,541 | €53,395 | -€15,146 | -22.1% |
| Trade receivables | 40 | €21,764 | €53,395 | +€31,631 | +145% |
| Other amounts receivable | 41 | €46,777 | €0 | -€46,777 | -100% |
| Cash at bank and in hand | 54/58 | €13,519 | €6,911 | -€6,608 | -48.9% |
| Deferred charges and accrued income | 490/1 | €7,744 | €5,100 | -€2,645 | -34.1% |
| Total equity and liabilities | 10/49 | €800,491 | €539,460 | -€261,031 | -32.6% |
| Equity | 10/15 | €98,229 | €6,382 | -€91,847 | -93.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,629 | €29,139 | -€50,491 | -63.4% |
| Distributable reserves | 133 | €79,629 | €29,139 | -€50,491 | -63.4% |
| Profit (loss) carried forward | 14 | €0 | -€41,356 | -€41,356 | |
| Amounts payable | 17/49 | €702,262 | €533,077 | -€169,184 | -24.1% |
| Amounts payable after more than one year | 17 | €333,947 | €311,863 | -€22,085 | -6.6% |
| Financial debts | 170/4 | €333,947 | €311,863 | -€22,085 | -6.6% |
| Amounts payable within one year | 42/48 | €368,314 | €221,215 | -€147,100 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €59,934 | €67,891 | +€7,956 | +13.3% |
| Financial debts | 43 | €16,884 | €0 | -€16,884 | -100% |
| Credit institutions | 430/8 | €16,884 | €0 | -€16,884 | -100% |
| Trade debts | 44 | €258,218 | €89,763 | -€168,456 | -65.2% |
| Suppliers | 440/4 | €258,218 | €89,763 | -€168,456 | -65.2% |
| Advances received on contracts in progress | 46 | - | €4,019 | +€4,019 | |
| Taxes, remuneration and social security | 45 | €33,278 | €40,327 | +€7,050 | +21.2% |
| Taxes | 450/3 | €7,586 | €17,761 | +€10,174 | +134% |
| Remuneration and social security | 454/9 | €25,691 | €22,567 | -€3,125 | -12.2% |
| Other amounts payable | 47/48 | - | €19,215 | +€19,215 | |
| Remuneration, social security and pensions | 62 | €196,495 | €149,470 | -€47,025 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,768 | €30,727 | -€41 | -0.1% |
| Other operating charges | 640/8 | €6,582 | €6,919 | +€337 | +5.1% |
| Gross operating margin | 9900 | €277,337 | €156,085 | -€121,252 | -43.7% |
| Operating profit (loss) | 9901 | €43,493 | -€31,031 | -€74,524 | |
| Financial income | 75/76B | €463 | €3,402 | +€2,939 | +635% |
| Recurring financial income | 75 | €463 | €3,402 | +€2,939 | +635% |
| Financial charges | 65/66B | €20,849 | €12,541 | -€8,308 | -39.8% |
| Recurring financial charges | 65 | €20,849 | €12,541 | -€8,308 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €23,107 | -€40,170 | -€63,277 | |
| Income taxes | 67/77 | €6,670 | €1,187 | -€5,484 | -82.2% |
| Profit (loss) for the period | 9904 | €16,437 | -€41,356 | -€57,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,437 | -€41,356 | -€57,793 |
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 13 October 2026 via checked.be.